122006

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Changing Marketplace Complicates Home Valuation Process In today’s transitioning real estate marketplace, pricing a home properly is one of the biggest challenges that sellers face. Providing accurate property valuations in this environment can be complicated, as well. In the session, "The Low Appraisal: Recourses and Remedies," today at the 2006 REALTORS® Conference & Expo here, a panel of experts told REALTORS® how to handle a transaction in which a buyer and seller agree on a sales price that’s higher than the home’s appraised value. Read More top Homeowners Optimistic About House Values Despite recent slumps in the housing market, most U.S. homeowners are optimistic about the value of their properties, according to a nationwide poll conducted by the Pew Research Center. About 55 percent expect the value of their homes to rise a little, while 26 percent expect those values to go up a lot. Seventy-five percent say the recent increase in the value of their home has had little or no effect on their personal finances. About 34 percent of home owners say their homes account for all or most of their personal financial worth, while another 34 percent say it represents half of their worth. The survey also found 75 percent of all home owners say they are currently paying a mortgage, with 20 percent carrying either a second mortgage or a home equity loan. That percentage rises to 28 percent among younger home owners ages 30 to 49. The survey found 24 percent of all home owners have a second home or an investment property they own. top Looking for Quick Real Estate Statistics Looking for quick statistics for your sales meeting or a customer brochure? Need a quick fact to make your point? Information Central has compiled some of the most requested statistics for quick and easy access. Find the information that you need, as well as its source, at a glance. http://www.realtor.org/libweb.nsf/pages/fg006 Also MAR offers housing statistics for the state on its Web site. top	MiCREA Monthly December 2006 • Changing Marketplace Complicates Home Valuation Process • Homeowners Optimistic About House Values • Looking for Quick Real Estate Statistics

Changing Marketplace Complicates Home Valuation Process

In today’s transitioning real estate marketplace, pricing a home properly is one of the biggest challenges that sellers face. Providing accurate property valuations in this environment can be complicated, as well.

In the session, "The Low Appraisal: Recourses and Remedies," today at the 2006 REALTORS® Conference & Expo here, a panel of experts told REALTORS® how to handle a transaction in which a buyer and seller agree on a sales price that’s higher than the home’s appraised value.

top

Homeowners Optimistic About House Values

Despite recent slumps in the housing market, most U.S. homeowners are optimistic about the value of their properties, according to a nationwide poll conducted by the Pew Research Center.

About 55 percent expect the value of their homes to rise a little, while 26 percent expect those values to go up a lot.

Seventy-five percent say the recent increase in the value of their home has had little or no effect on their personal finances. About 34 percent of home owners say their homes account for all or most of their personal financial worth, while another 34 percent say it represents half of their worth.

The survey also found 75 percent of all home owners say they are currently paying a mortgage, with 20 percent carrying either a second mortgage or a home equity loan. That percentage rises to 28 percent among younger home owners ages 30 to 49.

The survey found 24 percent of all home owners have a second home or an investment property they own.

top

Looking for Quick Real Estate Statistics

Looking for quick statistics for your sales meeting or a customer brochure? Need a quick fact to make your point? Information Central has compiled some of the most requested statistics for quick and easy access. Find the information that you need, as well as its source, at a glance.

http://www.realtor.org/libweb.nsf/pages/fg006

Also MAR offers housing statistics for the state on its Web site.

top

MiCREA Monthly
December 2006

• Changing Marketplace Complicates Home Valuation Process

• Homeowners Optimistic About House Values

• Looking for Quick Real Estate Statistics

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800.454.7842 • Fax: 517.334.5568 • Contact us • www.mirealtors.com
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