14,904 Homes Sold Yesterday… Did Yours?
14,904 Homes Sold Yesterday… Did Yours? There are some homeowners who are waiting to get the price when they originally listed their houses for sale. Something these homeowners might want to take into consideration is the fact that if their homes haven’t sold yet, maybe they’re not priced properly.
After all, 14,904 houses sold yesterday, 14,904 will sell today, and 14,904 will sell tomorrow.
14,904!
This is the average number of homes that sell each and every day in this country. These numbers are according to the National Association of Realtors’ (NAR) latest Existing Home Sales Report. NAR reported that sales are at an annual rate of 5.44 million. Divide that number by 365 (days in a year) over 14,904 homes sell every day.
The report from NAR revealed there’s currently only a 4.2-month supply of inventory available for sale (6-months inventory is considered ‘historically normal’).
This means that there are not enough homes available for sale to satisfy the buyers in the market.
Bottom Line
We realize that you want to get the fair market value for your home. However, if it hasn’t sold in today’s active real estate market, perhaps you should reconsider your current asking price.
Call Us Now To Sell Your Home…
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Office: 909.985.9392 or Text Us: 714.657.6634
California Investors, Need to Short Sale? New Law CCP 580E Is For You
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H.R. 430 Bill to End Failed HAMP Program
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VA Demands Mortgage Servicer's Pay Relocation Fees To HAFA Participants
Monday, January 17th, 2011, 3:14 pm The Department of Veterans Affairs directed its mortgage servicers to provide $1,500 in relocation assistance to borrowers leaving their home after a short sale or a deed-in-lieu of foreclosure. The requirement took affect Jan. 6....
California Civil Code Procedure 580; New Law Protects Investors Doing Short Sales
January 1, 2011 rings in a new round of laws that protect the "Investor" seeking to short sale those real properties that are losing you money. To learn more about his law...visit our earlier post at https://shortsalesellit.com/?p=1802
Breaking News…Wells Fargo and Wachovia…POLICY ON THE POSTPONEMENT OF FORECLOSURE SALE DATES
Breaking News from Wells Fargo and Wachovia This information comes to us from a VP at Wells Fargo/Wachovia... Over the last few months, there has been several questions regarding the postponement of Foreclosure Sale Dates with Wells Fargo and Wachovia properties. To...
California Foreclosure Activity in November 2010
CA - Filings By Loan Origination Date CA - Filings per Loan Balance CA - By Est. Market Value
Panel finds Treasury spent $4.3 million in HAFA short sales
Hot off the press.... Tuesday, December 14th, 2010, 10:30 am The Treasury Department spent $4.3 million on incentives to servicers and investors through the Home Affordable Foreclosure Alternatives program through November, a fraction of what it spent on HAMP,...
Mortgage Rates Rise…Refinance Applications Fall
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The Rich Are Renting!
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