Simply put Web View Homes is focused on selling real estate via the web. Utilizing extensive use of web 2.0 attributes such as Video, social media exposure and interaction.
We hope you enjoy the experience of a new a different technique and we look forward to your input as we evolve.
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The Twin Cities housing market has found itself in a bit of a holding pattern in recent months, and July is no exception. The $175,000 median sales price was a 2.3 percent increase over July 2009. Pending sales in July were down 37.6 percent compared to last year, which is certainly less than ideal but expected. Due to weakened buyer demand, inventory grew modestly to 27,249 active listings, an increase of 5.4 percent over last year.
Demand has stabilized and should slowly return in the coming months. We hope that it returns to the market before prices have a chance to respond to the growing inventory.
Traditional sellers enjoyed a 5.0 percent price increase to $222,500, foreclosure prices remained flat at $119,000 and short sales posted a 3.5 percent price gain to $147,000. The traditional and foreclosure submarkets had a significant decline in pending sales, while short sales actually had a small increase.
There were 3,226 signed purchase agreements in July, a decrease of 1,948 contracts from last July. Seller activity also slowed, with 6,926 new properties coming onto the market.
All active listings experienced a minor spike. The supply-demand ratio increased 63.5 percent to 8.64, primarily due to declining demand and not a surplus of new product. This means that there are about 8.6 homes available per buyer for August.
Although the tax credit ended over three months ago, its negative externalities are finally beginning to pass. March and April enjoyed a big boost in sales performance at the cost of May, June, July, and most likely several additional months.
The economy is currently driving the housing market and not vice versa. The housing sector once generated corresponding construction, manufacturing and other jobs which in turn fueled economic growth. That hasn’t been the case of late.
| As reported by the Minnesota Association of REALTORS, After a close brush with the deadline, Congress has passed an extension on the Home Buyer Tax Credit closing deadline, the Homebuyer Assistance and Improvement Act (HR 5623). | |
| The extension applies only to transactions that have ratified contracts in place as of April 30, 2010 that have not yet closed. The legislation is designed to create a seamless extension. The new closing deadline for eligible transactions is now September 30, 2010. There will be no gap between June 30 and the date the President signs the bill into law.
NAR worked closely with Congressional leaders on both sides of the aisle to enact this important legislation. Extending the Tax Credit Closing deadline will help provide additional stability to real estate markets across the nation. |
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During times like these, a real estate office is the last place you’d expect to find happy people.
Yet despite the worst real estate market in generations, employees of the Keller Williams Realty offices in Minnesota voted the company the best place to work in the state, according to the Star Tribune’s Top Workplaces 2010 survey conducted by Workplace Dynamics. To view the complete article as written by Jim Buchta!
Minneapolis tops the list of U.S. cities where home prices have become so affordable that it makes more sense to buy a home than rent one, according to the new Rent vs. Buy Index published by online real estate listing service Trulia. The index’s price-to-rent ratio is calculated using the average list price compared with the average rent on a two-bedroom apartment, condo or townhome listing on Trulia.com. Other cities with a strong buy vs. rent ratio include: Arlington, Texas; Miami; Fresno, Calif.; San Antonio; Mesa, Ariz., Jacksonville, Fla.; Phoenix; El Paso, Texas; and Las Vegas.
“Home sellers in these hard hit areas are forced to lower their prices to compete with all the foreclosures on the market. As a result, these unattainable markets are so affordable it makes better financial sense to buy than rent,” says Trulia’s CEO Pete Flint.
Cities where home buying is more costly than renting include New York City; Omaha, Neb; Seattle; Portland, Ore.; San Francisco; Oklahoma City; Kansas City, Mo.; San Diego; Cleveland; and Dallas. MON, JUN 7, 2010
Reprint from CRS member connect
Home marketing is no longer what it has been. Typically, the realtor used the MLS and signs. A few agents, provide printed brochures and virtual tours. And, in some situations mailers. There is one critical approach missing: video. Nearly 178 million Americans watched more than 30.3 billion videos were watched online in the United States in April 2010, according to the industry tracker comScore.
Who’s watching all those videos? Seven out of ten adult internet users! The percentage of viewers that watch videos are divided nearly equally between men (74%) and woman (63%). Typically, the viewer is more affluent and better educated. For a full report
One wonders what are we doing online? 74% of American adults use the internet! 88% to find information, 75% buy a product, 62% watch a video, 51% take a virtual tour of a location, and for additional trend-data.
Some of this growth is due to ease of access. Of the video watchers nearly 90% have broadband access. With the advent of Hi tech mobile phones an increasing number of users are watching videos on phones as well!
With a video the viewer can put themselves virtually in the home feeling the property unlike any photo or series of photos can. A Video (movie) brings the property to life.
The picture is clear, the future of real estate marketing is in video. The Web View Homes platform was created to take advantage of just that! It offers the potential to revolutionize the marketing of all types of residential properties in one simple platform.
You’ve found your dream home. Make sure missteps don’t prevent a successful closing. Read
Whether you’re buying or selling, it’s important to choose representation that meets your needs in the transaction. Read
By knowing how much mortgage you can handle, you can ensure that home ownership will fit in your budget. Read
Here’s how to clean up your credit so you get the least-expensive home loan possible. Read
By doing your homework before you buy, you’ll feel more content about your new home. Read
Visit houselogic.com for more articles like this.
Copyright 2010 NATIONAL ASSOCIATION OF REALTORS®
