Using the Web and social media to sell real estate

In the last three months residential property prices in the US rise again after three years of slump. The information comes from Clear Capital, a real estate data provider. Here you can read the full report: http://www.clearcapital.com/company/MarketReport.

Residential property prices in the US rising after three months

It is the first time that somebody officially confirms a trend that is under my eyes every day, yet many people still cry about the “terrible condition” the market is still in. There is no doubt that getting a loan today is much more challenging than in the past and that it takes more abilities and action to market a property, but isn’t it the same in every other market where there is strong competition?

The report states that prices have started to rise 1.8% quarterly for the first time in 37 months, therefore this is definitely the time to buy. Historically price start to raise six months before the general public recognizes it, therefore we have still about 3 months before the rise trend starts to pick up faster.

Alex Villacorta, Senior Statistician, claims: “The stabilization in prices is significant in that it has occurred despite near record levels of unemployment and REO saturation”. Prices vary still a lot in micro-markets of course, but the change is here. Even Florida is on the growth again on a quarterly basis and is slanted for a growth on a yearly basis as well. The Midwest is the rising star.

Very good news for the investors that have taken advantage of the record low prices of the last year and that will keep buying and holding until the market is fully turned around. It is in times like this one that the greatest fortunes are created.

Roberto Mazzoni