New & Existing Home Sales Climb

-Both New Home Sales and Existing Home Sales are up month-over-month and year-over-year.
-Inventory remains low which continues to drive home prices up as demand continues to exceed the 4.7-month inventory.
-The median price of new homes is up 12% from March 2015, while the median price of existing homes is up 6.3% from April 2015.6-6-2016

Keeping Up with the Joneses: Tips to Add Value with Curb Appeal

shamrock01_sm_shadowWant to stand out in your neighborhood? At the very least, you don’t want to be known as the crusty neighbor who doesn’t maintain their outdoor space. Here are some quick and easy ways to increase your curb appeal and keep up with the Joneses:

Wash it clean. Pay some attention to the entrance and door, as well as to landscaping and manicuring.  How does your roof and fence look?

A little time and investment to spruce up the exterior of your house will ensure you are always one step ahead.

For more information, visit www.pillartopost.com.

Full article here

Cash Sales Lowest Since 2008

Daily Real Estate News | Monday, May 23, 2016

The number of home buyers bringing all-cash to a transaction this year is on track to be the lowest since 2008, according to new findings from CoreLogic, a real estate data firm. For the first two months of this year, the share of cash sales averaged 35.6 percent.

Read more: Study: Cash Buyers Bought at 23% Discount

In January 2011, cash sales peaked at 46.6 percent of total home sales nationally. Cash sales comprised 35.7 percent of all home sales in February, down 2.5 percentage points from a year ago. Continue reading