Tag Archives: home prices

Nearly One Quarter of 2017 Home Sales Were Above the Asking Price

The typical price increase for homes that sold above the listed price was 3.1 percent By Jeff Sorg, OnlineEd Blog (January 12, 2018) (SEATTLE, Jan. 11, 2018 /PRNewswire/) — Buyers paid more than the asking price in nearly one quarter (24 percent) of U.S. home sales in 2017, netting sellers an additional $7,000 each. Five years ago, 17.8 percent of […]

Redfin: May Housing Market Sets Records for Speed and Competition

More than a quarter of homes sold for more than their asking price By Jeff Sorg, OnlineEd Blog (June 15, 2017) SEATTLE–(BUSINESS WIRE)– U.S. home prices rose 6.8 percent to a median sale price of $288,000 in May, according to Redfin (www.redfin.com), the next-generation real estate brokerage. Home sales increased 7.5 percent over last year, […]

Appraisals Continue to Fall Below Homeowner Value Perceptions

The trend of owners overestimating their home’s value when refinancing continued in August By Jeff Sorg, OnlineEd Blog (September 20, 2016) –  According to a recent report by Quicken Loans, appraisals across the country were an average of 1.56 percent lower than what refinancing homeowners expected in August, based on the company’s national Home Price Perception […]

Homes are Flying Off the Market Faster Than Any Time Since 2010

 Homes are selling fast in spite of low supply By Jeff Sorg, OnlineEd Blog (July 22, 2016) Zillow –  Homes are selling an average of a week faster than they did a year ago, according to the June Zillow® Real Estate Market Reports. Tight inventory continues to be a major factor for home shoppers. The supply of […]

Listings with Warm, Neutral Colors Sell for More Money

Wheat-Colored Yellow kitchens bring more money than white kitchens By Jeff Sorg, OnlineEd Blog (June 23, 2016) –  A home’s paint colors can have a notable impact on its final sale price. According to a new analysis from Zillow Digs, for-sale listings with rooms painted in sage green or wheat yellow can sell for as much […]

Rents Higher Than Ever Before, Rental Crisis Worsens

(Jeff Sorg, OnlineEd) – In April, rents grew at four percent year-over-year, overtaking home values, which appreciated at an annual rate of three percent. According to April Zillow® Real Estate Market Reports, soaring rents outpaced home values in April for the first time in years, further deepening a “rental crisis” and signaling that home values are […]