The Year Of The Dragon - A Year of Opportunity or Risk - For Buyers it is all about Opportunity!!!
We Received a Video from our International Century 21 CEO & President Rick Davidson.
According to Rick Davidson, there are some great opportunities right now, In this video he shares with us the state of the Real Estate Market, looking back, and looking forward to 2012. I wanted to take a moment and share this with you, and give you a little bit of a Re-Cap:
The National Association of Realtors recently announced it had to revise its numbers going back to 2007, and it turns out the number of homes sold accross the country were actually down by 12.3% more than what they had reported.
Here is the good news for us at CENTURY 21: - Century 21's numbers are not made on models or predictions but on actual sales, which means Century 21 actually had over all increased market share.
- The good news for you, our customers and our economy- Nar has re-done the numbers and now is saying 2011 was 12.2 % above 2010, or 4.2 million homes were sold.
- The total inventory of existing homes for sale at the end of November fell 5.8% to 2.8 mil. Nationwide, leaving us with seven months of inventory which continues to move down towards a balanced level of 6%.
- Rates in November on average are down to 3.99 % from 4.07% in October.
All Cash sales ticked down in November to 28%, Investor sales rose 1% to 29% and First Time Buyers rose 1% to 35% overall. Foreclosures and shortsales also increased 1% to 29%.
The message for December and January
Mortgage rates continue to be historically low and it appears like we are heading into dependable growth due in part to consumer confidence. Now is the time to take advantage of the inventory out there, prices have never been better and with the mortgage rates looking amazing (the low monthly payments that you see out there now, may not be there come spring) it could be that now really is the best time to move!
Sincerely, The AllPoints Realty Team!
The Customized Home Search System for Buyer Representation, offered by CENTURY 21 AllPoints Realty, is designed to provide you with a full service, anxiety-free real estate experience. CENTURY 21 AllPoints Realty will deliver a level of service unmatched in the real estate industry.
This customized Home Search System answers all of the questions and concerns that buyers are challenged with when purchasing a home. Let CENTURY 21 AllPoints Realty show you how easy your real estate purchase can be.
Through our customized Home Search System, CENTURY 21 AllPoints Realty can offer proprietary marketing tools to provide you with superior service when purchasing your home. Services include:
- CENTURY 21® Internet Marketing Program
- CENTURY 21 Global Referral NetworkSM
- CENTURY 21® BUYER SERVICE PLEDGE®
- CENTURY 21® Quality Service Survey
- CENTURY 21 Fine Homes & Estates®
Contact CENTURY 21 AllPoints Realty today to answer your questions, provide professional advice, and handle all the details for you. Like you, today's consumers want comprehensive services from their real estate professional. CENTURY 21 AllPoints Realty offers the services you want and the peace of mind you deserve.
- Mortgage Services
- Home Warranty Protection*
- Home Inspection Services*
- Title/Escrow Services
- Professional Moving Services
Through CENTURY 21 ConnectionsSM CENTURY 21 AllPoints Realty offers you additional services and programs that will help save you money and provide the highest level of service ever offered by any real estate organization. With the Customized Home Search System, the CENTURY 21® System averages a home bought or sold every minute of every day. Is there any reason we can't help you purchase yours?
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*not available in all areas