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Real Estate Associates
About Real Estate Associates
- Real Estate Associates Cape Cod Real Estate News
- Real Estate Associates is a Cape Cod real estate agency. We specialize in Cape Cod real estate sales and Cape Cod rentals in Sandwich, Bourne, Mashpee and Falmouth. This independent Falmouth real estate company was established over 40 years ago on a foundation of knowledge, honesty, and integrity. Our local Cape Cod expertise combined with global reach ensures positive results for you, our client.
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FRIDAY FACTS
October 1, 2010
The U.S. Census Bureau released the 2009 American Housing Survey that shows:
o Homeowners paid a median $1,000 in monthly housing costs, 20% of household income
o Renters paid a median $800 in monthly housing costs, but that was 31% of household income
o 32% own their home free and clear, 2% have a line of credit only, 66% have a regular and/or home equity mortgage
o 48% of homes have a separate dining room, 35% have a usable fireplace, 64% have 3+ bedrooms.
In Barnstable County, foreclosure deeds were up 74% in the first half of 2010 compared with the same period in 2009. It is estimated that neighborhood homes within 250’ of a foreclosed property lose 1% of value.
According to the Shelton Group, Green Living Pulse, 3 features a green home must have are:
1. High efficiency (Energy Star) appliances – 45.6%
2. High efficiency (Energy Star) windows – 42.8%
3. Renewable electric power generation system – 36.9%
From NAR: home sales dropped a record 27.2% from June. The prediction had been a drop of 12%. “Buyers and sellers are in a standoff over prices. Many sellers are reluctant to lower their prices and buyers are hesitating because they think home prices haven’t bottomed yet.” Sales were down 35% in the Midwest, 30% in the Northeast, 25% in the West and 23% in the South.
MAR reports that single family home sales were down 28% in July compared with July 2009.
NAR has an online mailbox, HAFA@realtors.org for members to provide specific examples of the problems they are facing with lenders in getting short sales processed. You won’t get a response, but your emails will be used by NAR in its discussions with lenders and the U.S. Treasury Department.
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