Why, Oh Why, Do They Buy?

According to the NAR 2012 Survey of Home Buyers and Sellers, here are the top reasons why buyers purchase a home:

Desire to own a home of my own 30% Desire for larger home 11% Job-related relocation or move 9% Change in family situation 8% Affordability of homes 7% Desire to be closer to family/friends/relatives […]

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Gazing into 2013’s Real Estate Crystal Ball

‘Tis the season for prognostication about the 2013 real estate market. We track home sale and pricing numbers closely, from national numbers to regional, state, county, and neighborhoods. We also read what the various industry experts have to say about trends in real estate.

The funny thing is – everyone is pretty much saying the […]

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Yes, You CAN Afford It

The National Association of Realtors (NAR) has a measure called the “Housing Affordability Index,” a gauge for how well the median family’s income can afford a median priced home.

There are a few key assumptions made by the index, such as assuming a 20% down payment, and that 25 percent of the household’s gross income […]

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Watch That First Step (Fiscal Cliff and Tax Changes – or not)

Cliff (noun): a very steep, vertical, or overhanging face of rock, earth, or ice : precipice.

If you’re as tired as I am hearing about the “Fiscal Cliff,” here’s a quick summary of changes in the law that affect property owners. This information was collected by our very own National Association of Realtors.

Mortgage Cancellation […]

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What’s your ONE Thing?

So there’s a new book coming out by the founder of Keller Williams, Gary Keller. I have to fully disclose that I’m a Keller Williams agent and a huge fan of Gary Keller’s work, so I am very biased. That said, I love the premise of this book.

Here’s the key question (taken from the […]

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New Year, Quick Look Back at 2012 Home Sale Numbers for Montgomery and Howard Counties

While the official numbers are not yet in for home sales for 2012, we’ve looked at the numbers in our local multiple listing system (MLS), and here’s what we’re seeing this morning.

HOWARD COUNTY: 2012 2011 Difference Total Home Sales 3,119 2,705 up 15.3% Average Sale Price $403,694 $403,650 up < .1% MONTGOMERY COUNTY: 2012 […]

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