I hear buyers, sellers, lenders, real estate agents and the community as a whole rhetorically ask when we'll see the housing market recover. Unfortunately putting a timeline on a housing recovery is pretty unrealistic as there are simply too many variables to account for. But all is not lost! While I cannot predict when the housing market will recover, I can give you trends to watch for that will signal a turnaround and their current indicators. Falling Inventory Supply & Demand 101: if demand has fallen … [Read more...]
Price Per Square Foot – Lender-Mediated vs Traditional Sellers
May 6, 2008 by 1 Comment
As a follow-up to the report I co-authored with Jeff Allen from MAAR, below is a comparison of price per finished square foot between lender-mediated sales and traditional sales. As can be seen by the chart above, there is a substantial price discount on a cost per square foot basis when you look at lender mediated sales. My reasoning for why this is happening is as follows: Short Sales Short sale transactions often take several months to come together, thereby reducing the number of buyers willing to deal … [Read more...]
