Saturday, December 4, 2010

Home Improvement Tips: Skylighting | Pueblo Colorado Real Estate — Pueblo CO Real Estate

Home Improvement Tips: Skylighting | Pueblo Colorado Real Estate — Pueblo CO Real Estate

High Quality Sears Shower CurtainsHome Improvement Tips & ideas | Home Improvement Tips & ideas

High Quality Sears Shower CurtainsHome Improvement Tips & ideas | Home Improvement Tips & ideas

Great Ideas to Grow Your Own Strawberries — Veggie Gardening Tips

Great Ideas to Grow Your Own Strawberries — Veggie Gardening Tips

Container Gardening Tips & Plans : Container Garden Design: Home Gardening Tips, Ideas & Advice | Design Home Decoration & Interior

Container Gardening Tips & Plans : Container Garden Design: Home Gardening Tips, Ideas & Advice | Design Home Decoration & Interior

Gardening Tips for The Month of December

Gardening Tips for The Month of December

Tips to Get a Certification for Home Staging

Tips to Get a Certification for Home Staging

10 Terrific Home Staging Tips & Tricks | Home Staging

10 Terrific Home Staging Tips & Tricks | Home Staging

Design tips for this tricky home space | space, home, decorating - Business - The Orange County Register

Design tips for this tricky home space | space, home, decorating - Business - The Orange County Register

Interior Decorating Ideas : How to Choose Art for Your Dining Room | Decor Home Tips

Interior Decorating Ideas : How to Choose Art for Your Dining Room | Decor Home Tips

Interior Decorating Ideas : How to Accessorize a Bathroom | Interior Design Tips

Interior Decorating Ideas : How to Accessorize a Bathroom | Interior Design Tips

8 Creative Ideas Home Office Interior Decorating Arrangement - Home Decorating and Accessories For Your Dream House on newhouseofart.com

8 Creative Ideas Home Office Interior Decorating Arrangement - Home Decorating and Accessories For Your Dream House on newhouseofart.com

REALTOR® Magazine-Daily News-New-Home Sales Slide

REALTOR® Magazine-Daily News-New-Home Sales Slide

REALTOR® Magazine-Daily News-8 Factors for Standing Out in Real Estate

REALTOR® Magazine-Daily News-8 Factors for Standing Out in Real Estate

REALTOR® Magazine-Daily News-Buyers Show Growing Interest in Tiny Houses

REALTOR® Magazine-Daily News-Buyers Show Growing Interest in Tiny Houses

REALTOR® Magazine-Daily News-Foreclosure Crisis Slowing Sales

REALTOR® Magazine-Daily News-Foreclosure Crisis Slowing Sales

REALTOR® Magazine-Daily News-Mortgage Rates Continue Upward Climb

REALTOR® Magazine-Daily News-Mortgage Rates Continue Upward Climb

REALTOR® Magazine-Daily News-Fed Releases Updated Appraisal Guidelines

REALTOR® Magazine-Daily News-Fed Releases Updated Appraisal Guidelines

REALTOR® Magazine-Daily News-Commercial Real Estate Prices Show Gains

REALTOR® Magazine-Daily News-Commercial Real Estate Prices Show Gains

REALTOR® Magazine-Daily News-Deficit Reduction Commission Endorses Plan

REALTOR® Magazine-Daily News-Deficit Reduction Commission Endorses Plan

Thursday, December 2, 2010

2010 Homebuyer Survey

One of the most useful research projects of the National Association of Realtors® (NAR) is the annual survey of homebuyers and sellers. The 2010 version (Profile of Home Buyers and Sellers 2010) became available in November of this year.

The information is based on answers to an eight-page questionnaire mailed to 111,000 consumers who purchased a home between July 2009 and June 2010. (Names and addresses were provided by Experian, a company that maintains an extensive database of recent homebuyers that is derived from county records.) There was a 7.9 percent response rate.

In 2010, first-time homebuyers constituted 50 percent of the market. That is a huge portion. There are a number of factors to explain this increase, one of which is that first-time buyers don’t have to sell a home before they can buy. Moreover, prices have been dropping while interest rates remain low by historical standards. Especially, government policies such as tax credits have played a major role.

Only four percent of buyers purchased a home that had been foreclosed or that was in the process of foreclosure. That is actually lower than a couple of years ago. In 2010 a full 39 percent of buyers did not even consider buying a home in foreclosure. Of those who did consider making such a purchase, but did not ultimately do so, the primary reason (26%) was that they simply could not find a home that was right for them. Nineteen percent did not purchase a foreclosure home because the process was too difficult or complex. Another seventeen percent did not buy because the house was in poor condition.

Certainly the most useful information for sellers and their agents is to be found in the section on the home search process. While the survey results are not significantly different from those of recent years, the trends continue. For example, this year 74 percent of buyers said that they used the internet frequently during the search process, about the same as 76% last year. In 2003 that number was 42%.

Thirty-six per cent of buyers went to the internet as the first step in the home search process. 19 % contacted a real estate agent first, and 7% began by driving through neighborhoods looking for homes for sale.

Buyers use multiple sources of information in the process of looking for a home. Far and away the most used sources are the internet (89%) and real estate agents (88%). What is the third most used information source? Yard signs (57%).

Multiple Listing Service (MLS) websites were the primary source of information for buyers who used the internet in their search process. 59 percent of those buyers went to MLS sites. Of course, many went to a variety of different sites. 45 percent used Realtor®.com, 43% went to real estate company websites, and 42% went to sites hosted by individual agents. Aggregators such as Zillow, Homegain, and Yahoo were visited by 41% of buyers.

While there is a lot of intriguing information about the sources of information used by prospective homebuyers, certainly the most relevant has to do with where they actually found the home that they ultimately purchased. It is still the case that, more than any other source, a real estate agent is responsible for informing the buyer about the home that is ultimately purchased. That is how 38 percent of buyers found their home.

But the internet is a very close second (37%). Moreover, the differences in less than a decade are fascinating. In 2001, 48 percent of buyers learned about their home through a real estate agent, and only 8 percent found their home on the internet. The times they have changed.

Some things though, remain persistently the same – or close to it. In 2001, a yard sign was the third most likely source of information leading to the home that was purchased (15%). And this year? It is still the third leading source at 11%. Print media may not be dead, but it has shrunk to insignificance in this arena. In 2001, 7% found the home they purchased through a newspaper ad; in 2010 it was 2%. Fewer than 1% found their home through a home book or magazine.

The 2008 Profile of Home Buyers and Sellers shows what works. It is a valuable resource.

Published: November 30, 2010
By: Bob Hunt

REALTOR® Magazine-Daily News-Fed Beige Book: Mixed Signals on Real Estate

REALTOR® Magazine-Daily News-Fed Beige Book: Mixed Signals on Real Estate

Wednesday, December 1, 2010

Derren Brown is amazing. Subconscious Influencing

Do Green Homes Sell Faster? : Styled, Staged & Sold

Do Green Homes Sell Faster? : Styled, Staged & Sold

REALTOR® Magazine-Daily News-Economists: Flat Home Prices, Growing Economy

REALTOR® Magazine-Daily News-Economists: Flat Home Prices, Growing Economy

REALTOR® Magazine-Daily News-American Dream Home Shrinks

REALTOR® Magazine-Daily News-American Dream Home Shrinks

10 Spectacular Ski Homes for Sale | Zillow Blog - Real Estate Market Stats, Celebrity Real Estate, and Zillow News

10 Spectacular Ski Homes for Sale | Zillow Blog - Real Estate Market Stats, Celebrity Real Estate, and Zillow News

Fruit and Berry Bonsai Autumn Pruning and Root Care Recommendations

Fruit and Berry Bonsai Autumn Pruning and Root Care Recommendations

Growing Bonsai - Care for Fall

Growing Bonsai - Care for Fall

Is it Easier to Buy a Short Sale or Foreclosure? | Zillow Blog - Real Estate Market Stats, Celebrity Real Estate, and Zillow News

Is it Easier to Buy a Short Sale or Foreclosure? | Zillow Blog - Real Estate Market Stats, Celebrity Real Estate, and Zillow News

Tuesday, November 30, 2010

Official Page of Team Jeacoma

Official Page of Team Jeacoma

Inman News Feed

Inman News Feed

Commercial Real Estate Markets Stabilizing, See Slight Improvement in 2011

Commercial Real Estate Markets Stabilizing, See Slight Improvement in 2011

Graham’s gardening tips - Gardening Tips - Features & Leisure - Huddersfield Examiner

Graham’s gardening tips - Gardening Tips - Features & Leisure - Huddersfield Examiner

The Not-Too-Styled Coffee Table - WSJ.com

The Not-Too-Styled Coffee Table - WSJ.com

Home Improvements for the Winter Season | Home Improvement Tips

Home Improvements for the Winter Season | Home Improvement Tips

ForSaleByOwner.com: Blog: Just In Case You Thought The Market Was Going to Overheat

ForSaleByOwner.com: Blog: Just In Case You Thought The Market Was Going to Overheat

Relative Values: Homes on More Than 100 Acres - WSJ.com

Relative Values: Homes on More Than 100 Acres - WSJ.com

Luxury Homes in Lyme, Conn., Encino, Calif. and Fort Worth, Texas - WSJ.com

Luxury Homes in Lyme, Conn., Encino, Calif. and Fort Worth, Texas - WSJ.com

Safety of Flooring - Need of the Hour

Safety of Flooring - Need of the Hour

Bamboo Flooring Pros And Cons - 5 Ways To Look At Bamboo Flooring Hardness

Bamboo Flooring Pros And Cons - 5 Ways To Look At Bamboo Flooring Hardness

Area Rugs Are Great For Any Room

Area Rugs Are Great For Any Room

Living Room Remodel | Decor Home Tips

Living Room Remodel | Decor Home Tips

Interior Decorating Near Irvine CA- Home Decorating Ideas Interior Decorator Interior Designers | Decor Home Tips

Interior Decorating Near Irvine CA- Home Decorating Ideas Interior Decorator Interior Designers | Decor Home Tips

Home Furniture | Decor Home Tips

Home Furniture | Decor Home Tips

The 3.8% Tax Is Not a Real Estate Transfer Tax : Speaking of Real Estate

The 3.8% Tax Is Not a Real Estate Transfer Tax : Speaking of Real Estate

Realty Times - Condominiums & Other Real Estate Trends

Realty Times - Condominiums & Other Real Estate Trends

Dezigner Digz HIP TIPZ: Home Staging, Design & Decor Tips & Nods to the Profession: Tip #'s 251-255

Dezigner Digz HIP TIPZ: Home Staging, Design & Decor Tips & Nods to the Profession: Tip #'s 251-255

Prices fell during the third quarter and may continue down. - Nov. 30, 2010

Prices fell during the third quarter and may continue down. - Nov. 30, 2010

Foreclosure "robo-signing" scandal impact: Sales dry up - Nov. 29, 2010

Foreclosure "robo-signing" scandal impact: Sales dry up - Nov. 29, 2010

REALTOR® Magazine-Daily News-Foreclosure Crisis Slowing Sales

REALTOR® Magazine-Daily News-Foreclosure Crisis Slowing Sales

30-Year Fixed Mortgage Rates Hover Near Four-Month High Set Two Weeks Ago | Zillow Blog - Real Estate Market Stats, Celebrity Real Estate, and Zillow News

30-Year Fixed Mortgage Rates Hover Near Four-Month High Set Two Weeks Ago | Zillow Blog - Real Estate Market Stats, Celebrity Real Estate, and Zillow News

California Poppy Seeds - Pink and Orange Poppy Pots to Liven Up Any Space

California Poppy Seeds - Pink and Orange Poppy Pots to Liven Up Any Space

Innovative lighting ideas for home décor - Interior Design - Interior Design | Architecture | Furniture

Innovative lighting ideas for home décor - Interior Design - Interior Design | Architecture | Furniture

Terrific Feature on Premier Estate Properties

Terrific Feature on Premier Estate Properties

Monday, November 29, 2010

A skyscraper like no other: Taiwan to build 390-meter tower with floating observatory blimps

A skyscraper like no other: Taiwan to build 390-meter tower with floating observatory blimps

REALTOR® Magazine-Daily News-Title Insurance: More Important Than Ever

REALTOR® Magazine-Daily News-Title Insurance: More Important Than Ever

REALTOR® Magazine-Daily News-Foreclosure Mess Leaves Some Buyers in Limbo

REALTOR® Magazine-Daily News-Foreclosure Mess Leaves Some Buyers in Limbo

REALTOR® Magazine-Daily News-New-Home Sales Slide

REALTOR® Magazine-Daily News-New-Home Sales Slide

REALTOR® Magazine-Daily News-Buyers Show Growing Interest in Tiny Houses

REALTOR® Magazine-Daily News-Buyers Show Growing Interest in Tiny Houses

REALTOR® Magazine-Daily News-NAR: Commercial Real Estate Stabilizing

REALTOR® Magazine-Daily News-NAR: Commercial Real Estate Stabilizing