Real Estate Results.

Your Real Estate Resource.

 MARKET UPDATE - May 2012:

 STRONG HOUSING DEMAND AND TIGHTENING INVENTORIES SPARK NEARLY 2 PERCENT RISE IN ASKING PRICES OVER PREVIOUS QUARTER, ACCORDING TO TRULIA 

Trulia today released the latest findings from the Trulia Price Monitor and the Trulia Rent Monitor, the earliest leading indicators available of trends in home prices and rents. Based on the for-sale homes and rentals listed on Trulia, these monitors take into account changes in the mix of listed homes, reflecting trends in prices and rents for similar homes in similar neighborhoods through April 30, 2012.
 

Asking Prices Rise for Third Straight Month, Up 0.5 Percent in April
Asking prices on for-sale homes–which lead sales prices by approximately two or more months–were 0.5 percent higher in April than in March, seasonally adjusted. Together with increases in March and February, asking prices in April rose nationally 1.9 percent quarter over quarter (Q-o-Q), seasonally adjusted.  The price increase unadjusted for seasonality was even higher: 4.8 percent Q-o-Q, since prices typically jump in springtime. Year over year (Y-o-Y), asking prices rose 0.2 percent nationally.

In April, rents were 5.6 percent higher than they were a year ago. Rent increases tend to be highest in regions experiencing fast employment growth such as suburban Detroit (Warren-Troy-Farmington Hills, MI) and Silicon Valley (San Jose, CA). The largest metro where rents declined was Las Vegas, where job growth continues to be lackluster.

In the San Francisco Bay Area, prices rose most in San Francisco and fell furthest in Alameda County. In the Chicago area, prices fell throughout the city and suburbs, whereas prices rose in all parts of the Washington, DC, area. To view similar local breakdowns for San Francisco, Chicago and Washington DC, click here.

PRE-APPROVED QUOTE

• “Housing prices have already bottomed with asking prices on the rise for three straight months. Aside from a stumble in December, asking prices have been stable or rising for the last eight months,” said Jed Kolko, Trulia’s Chief Economist. “Prices have joined the recovery, alongside sales and construction. But foreclosures threaten prices, especially in judicial-foreclosure states like Florida, New Jersey, Illinois and New York, where many more distressed sales are still to come.”
• “Rents have steadily increased as people who lost their homes in the crash became renters. At the same time, high unemployment and tight credit sidelined would-be homeowners,” said Jed Kolko, Trulia’s Chief Economist. “But relief for strapped renters may be in sight. Construction of multi-family buildings revved up last year. These new rental units will come to market later this year, giving renters more choices and less fierce competition.”

*When making a decision on what steps to take for your home, consult a professional.

"I measure my success through the satifaction of my clients."  Josh Tejeda

A home is not a home because of its room dimensions or the color of the walls.  It is about how you feel when you walk through the front door, and the way you can instantly envision your life unfolding there.  At Keller Williams Realty, we're different by design.  We take a different approach to real estate, one that is built on personal touches, win-win deals and positive results.  As your dedicated real estate agent, I am qualified to guide you in buying or selling your home.  People trust me with their most-valuable asset and it's a responsibility I take very seriously.  I will provide sound and trustworthy advice to help you achieve your real estate needs.  I will do the leg work, keeping you up-to-date with new listings and conditions. I will make the process as pleasurable and stress-free for you as I can, communicating every step of the way.  

Thanks for starting your real estate search with me. This website is full of information for you whether you are looking to buy or sell.  I also have experience with investors and distressed properties.    

Here's how to reach me today: