The National Association of Realtors’ most recent Existing Home Sales Report revealed that home sales were up rather dramatically over last year in five of the six price ranges they measure.
Today we are honored to have Nikki Buckelew, the Founder and CEO of the Seniors Real Estate Institute, return as our guest blogger. Nikki is considered a leading authority on seniors real estate and housing. – The KCM Crew
If there is one that frustrates real estate agents the most, it is when homeowners decide to stay home for showings!
So, how do you get a senior homeowner to leave when their home is being shown?
First, let’s consider why they are choosing to stay there in the first place.
Even though it may feel like they are just trying to make our lives difficult, there may be in their minds very good reasons for staying put.
Ask yourself these questions… Is it possible they:
A recent Pew Research Center report gives us a better idea of who our future buyers will be will be, if we look at the numbers based on school enrollment.
18- to 24-year-old Hispanics enrolled in college increased by 324,000 students between 2011 and 2012, marking the third straight year of increases. The number of Hispanic 18- to 24-year-olds enrolled in college has reached a new high—2.4 million—and has been growing since 2009.
We are often asked if the housing market can truly rebound if the all-round economy remains sluggish. We answer by explaining the housing market is not dependent on the economy but rather the economy is reliant on the housing market. Mark Zandi, Chief Economist at Moodys.com, addressed this issue in a recent report.
“Historically, housing has always led the U.S. out of recessions. It is the most interest rate-sensitive part of the economy, and as rates fall during recessions, housing rises first.”