Welcome guest, you have 2 views left. | Register | Sign In
 Contests
 Readers' Choice
 Movie times
 Property Transfers
 Auctions
 Restaurant reviews
action:article | category:NEWS13 | adString:NEWS13 | zoneID:7

Home » News » Avenues

AVENUES PARTNERS:
NH homes for sale

Search MLS

Courtesy of


Type:
Residential
Condominium
Multi Family
Land
Mobile Home
Commercial
Rentals

Towns & cities:
Price:
Low:   $
High:   $
Villages:

Locate open houses

Search By MLS #

Classifieds


 ♦ REAL ESTATE
 ♦ APARTMENTS
 ♦ HOME SERVICES
 ♦ MERCHANDISE

Click to place free online ad for items valued under $500.

Opinion

January 10. 2014 3:08PM

Redfin Survey

Homebuyers willing to pay more for less, real estate agents say


Donald, right, and Stacy McCray, pictured December 2013, plan to put their two story home in Orange Park Acres on the market sometime in January, joining what forecasters say will be an increase in the number of people selling their homes in 2014. (Sam Gangwer/Orange County Register/MCT)

Real estate agents, who deal directly with buyers and sellers, are in a position to know firsthand what's on the minds of both groups when it comes to home sales.

A new report from Redfin, the real estate brokerage, found buyers in the fourth quarter continued to be frustrated by the slim pickings among inventory, were willing to pay more than a seller's asking price, and were willing to settle for less when it comes to home features.

Redfin's national survey of 468 agents provides insight into a housing market that continues to experience tightening inventories, rising home prices and mortgage rates that continued to trend upward.

Most agents continued to think it's a good time to buy a home (56 percent versus 55 percent in the third quarter), even if 63 percent believe sellers have “unrealistic expectations” about the value of their properties.

Among other findings:

• Eighty-seven percent of agents said limited inventory was buyers' biggest challenge.

• Fewer agents think now is a good time to sell a home — 65 percent in the fourth quarter compared with 72 percent in the third quarter and 86 percent in the second quarter — even if the overwhelming majority still think the time is right.

• About 30 percent said buyers were “flexible on features” and were “prepared to waive contingencies” to win a bid.

Ennis Antoine, associate broker at Better Homes and Garden Real Estate Metro Brokers in Atlanta, said some buyers are settling for less house because they may face a time crunch in finding a place to live. Others aren't compromising on location, but may settle for a home that is smaller or a little dated.

Antoine said he's advising clients to be patient. “You have to understand there's not a lot of inventory, and when you find the home you want, you have to give your best offer initially because there's no haggling. You can't bargain down.”

The Redfin survey also found agents were concerned that rising interest rates would limit home sales, with 39 percent believing that if rates exceeded 5.5 percent sales and price growth would suffer. Other agents put the threshold at 6 percent.

Federal Reserve policymakers plan to do less in stimulating the economy by keeping interest rates low, which means mortgage rates, which have already been on the rise, will continue to trend upward.




Real Estate

Former soup kitchen may become Habitat home

Quikrete's polymer-based PowerLoc Jointing Sand creates a long-lasting filling for the joints between patio pavers.

Your Place: When your patio needs some attention

David Francis 



?ABOVE: The St. Tropez Collection outdoor furniture from David Francis is crafted using all-weather Cyroplene and Viro fibers over a powder-coated aluminum frame.

For Your Home: Get your patio ready for summer

Ask Angie: And if you need to hire a pro to help prepare a patio for the new season...

State DOT cool to Great Woods-style venue

Home & Garden

The hillside property speckled with apple orchards and other farm products will remain open to passive recreation such as hunting, hiking and snowshoeing.

Easement would protect 95 acres of farmland

READER COMMENTS: 0

The Russell Foundation and the Lyndeborough Conservation Commission are working to preserve 95 acres of farmland at the former Woodmont Orchard, a scenic gateway to the community, which will also...

Zoning board denies variance for multi-family housing, duplexes

READER COMMENTS: 0

A zoning variance request for a proposed subdivision in town was denied by the zoning board, thanks to a strong showing of residents living near the property.

Chris DeLorey, left, and owner George Grondin assemble rows of arborvitae at Faulkner's Landscaping & Nursery in Hooksett on Monday. Because of the lingering winter conditions, the nursery is about three weeks behind on setting up the grounds, but the staff expect sto sell more trees this season because of damage to existing trees from the harsh winter.

Now's the time to assess winter's toll on your yard

READER COMMENTS: 0

You can't get out and dig in the dirt yet, but there are things gardeners can be doing while they wait.

Weather puts a chill on NH's retirement allure

READER COMMENTS: 0

New Hampshire ranks as the 16th best state to retire in, according to a new survey, dragged down by receiving the nation's second-worst grade for weather.

An artist's rendering of the reconstructed Balsams Resort in Dixville Notch.

Balsams project leader's vision includes big ideas, ambitious time frame

READER COMMENTS: 2

The rebirth of the Balsams Grand Resort Hotel could also see the return of commercial passenger aviation to the North Country, the resort's developer says.

Cornucopia Project continues free film series

READER COMMENTS: 0

The Cornucopia Project continues its new Food for Thought documentary series Tuesday night with its second documentary film, My Father’s Garden.

A rental home, among the properties handled by Blue Moose Vacations, offers a tranquil view Ossipee Lake.

Early summer rental benefit as winter takes its toll

READER COMMENTS: 0

This brutal winter got you down? Looking to escape? Well, many blizzard-battered New Englanders already have booked rental lodging hot spots around New Hampshire this summer, especially if their...

Its iconic footbridge and waterfall were backdrops for national reporters  covering the New Hampshire Primary, but the Wayfayer Inn and Conference Center in Bedford is being torn down, making way for a shopping center.

Who's who of national political reporters fondly remember Bedford's Wayfarer

READER COMMENTS: 2

As wrecking machinery tears apart the aging walls of the abandoned Wayfarer Inn, so too is a piece of New Hampshire history being laid to rest.