Sales of newly built US single-family homes fell unexpectedly in December, data showed on Wednesday, the latest indication that the government-led housing recovery might be losing some steam. The Commerce Department said sales fell 7.6% to a 342,000 unit annual rate from an upwardly revised 370,000 units in November. It was the second straight month that new home sales declined. US stock indexes fell on the data, while government bond prices held at higher levels. "This isn't good news. It should put some pressure on the market, especially coming after the disappointing outlooks we saw," said Dan Cook, senior market analyst at IG Markets in Chicago. New home sales for the whole of 2009 fell 22.9% to a record low 374,000 units, the department said.
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The data came as the Federal Reserve deliberated on monetary policy. The US central bank is expected to leave overnight lending rates near zero. At its meeting in December, the Fed announced it would end purchases of agency mortgage-backed securities in March.
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The program has depressed mortgage rates, contributing to the housing market's healing in recent months. But the housing market recovery is showing some signs of fatigue after a surge in sales as first-time buyers rushed to take advantage of a popular tax credit, which had been scheduled to expire in November. It has since been expanded and extended until June this year and while analysts expect home sales to pick up as a result, they reckon the pace will not be as strong as witnessed with the initial tax credit. Courtesy:- ET dt:- 28-jan-2010 For more information regarding apartment in mumbai, bedroom apartments, buy property in india, commercial complex in india, commercial real estate, commercial space in mumbai, dealers, flats for sale, indian real estate investment, investment options in real estate, luxurious flats, malls, office space, office space in mumbai, online real estate, penthouses mumbai, plots, property consultants, property in mumbai, property india, property investment, real estate company, real estate developer, real estate mumbai, real estate in india, real estate investment strategies, real estate market, real estate news, real estate portals, realtors, realty, residence, residential real estate, sell property, shop, villas, Residential Apartment.
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Wednesday, March 10, 2010
Tips To Home Buyers on Your First Viewing Schedule
So, you're about to embark on what many Americans dream about, buying your first home! The first step in choosing that perfect home is your visual inspection, in other words, taking time to look at the intricacies of the home. dallas homes for sale
Trivia Fact: did you know 49% of homeowners experience a problem with the houses they've bought simply because they didn't spend enough time researching or checking out the property? You don't have to become a statistic if you follow a few simple rules:
Do a background search on the property, including the area surrounding it. This will save you time from viewing a property that will not meet your requirements for a neighborhood, or location.
Bring a camera and take photos of the homes, carefully taking a close-up shot of the home and other things that you may have liked or disliked about the home. Takes notes on the back of the San Antonio MLS sheet for that specific home in order to prevent confusion later.
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Don't be afraid to ask about the fixtures, attachments, HOA association dues, noise level, average utility bills, etc. If the homeowner is home, take advantage and ask questions, after all, they know the property very well.
Real Estate agents are only human - you can not expect to see all the houses you want in a short span of time. There are only so many hours in a day so you must prepare yourself to view a set number of homes, and keep your expectations realistic. Also, be open with your Real Estate agent if they offer free transportation, or would rather meet up somewhere in between. dallas homes for sale
Be on time. REALTORS® schedule appointments for the homes they will be showing, and it is important to stay on time as many homeowners have to make arrangements to leave the property.
Schedule second showings with your REALTOR® of your top pics and take your time getting to know the property before an offer is presented and perhaps drive by at different times to get a feel of the neighborhood. Take your own measurements for furniture placement and appliances as well, and if you have children, don't forget to check school boundaries and capping issues.
Trivia Fact: did you know 49% of homeowners experience a problem with the houses they've bought simply because they didn't spend enough time researching or checking out the property? You don't have to become a statistic if you follow a few simple rules:
Do a background search on the property, including the area surrounding it. This will save you time from viewing a property that will not meet your requirements for a neighborhood, or location.
Bring a camera and take photos of the homes, carefully taking a close-up shot of the home and other things that you may have liked or disliked about the home. Takes notes on the back of the San Antonio MLS sheet for that specific home in order to prevent confusion later.
dallas homes for sale
Don't be afraid to ask about the fixtures, attachments, HOA association dues, noise level, average utility bills, etc. If the homeowner is home, take advantage and ask questions, after all, they know the property very well.
Real Estate agents are only human - you can not expect to see all the houses you want in a short span of time. There are only so many hours in a day so you must prepare yourself to view a set number of homes, and keep your expectations realistic. Also, be open with your Real Estate agent if they offer free transportation, or would rather meet up somewhere in between. dallas homes for sale
Be on time. REALTORS® schedule appointments for the homes they will be showing, and it is important to stay on time as many homeowners have to make arrangements to leave the property.
Schedule second showings with your REALTOR® of your top pics and take your time getting to know the property before an offer is presented and perhaps drive by at different times to get a feel of the neighborhood. Take your own measurements for furniture placement and appliances as well, and if you have children, don't forget to check school boundaries and capping issues.
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