Dakno Content Blog

Tag: National home sellers

  • Selling This Spring? Why Partnering with the Right Agent is Your Best Move

    Spring is the season of new beginnings, and for homeowners, it’s also the hottest time to sell. If you’re considering listing your home, partnering with an experienced real estate agent is the key to maximizing your profit and minimizing stress. Here’s why working with the right agent this spring is your smartest move.

    home interior living room spring

    1. The Spring Market Advantage – Timing Matters

    Spring has long been the best season to sell, thanks to increased buyer demand, longer daylight hours, and homes looking their best. According to real estate trends, inventory tends to rise in the spring, but so does competition among buyers eager to move before summer.

    A skilled agent understands market fluctuations and can help you list your home at the optimal time for maximum exposure. They’ll analyze local market conditions—such as inventory levels, buyer demand, and interest rates—to ensure you hit the market when buyers are most active.

    2. Pricing Right From the Start – Avoid Costly Mistakes

    Setting the right price is crucial. Overpricing can lead to a stagnant listing, while underpricing leaves money on the table. A professional agent will conduct a comparative market analysis (CMA) to determine a competitive price that attracts serious buyers while maximizing your return.

    Data shows that homes priced correctly from the start sell faster and often receive multiple offers. In fact, homes that undergo a price reduction sit on the market twice as long as those priced correctly at listing. Your agent’s expertise ensures you avoid these costly missteps.

    real estate negotiation, shaking hands

    3. Preparing Your Home – Where to Invest and Where to Save

    Not all home improvements are created equal. An agent can guide you on which updates will deliver the biggest return on investment and which aren’t worth the expense.

    Here’s a checklist of high-impact, budget-friendly improvements:

    • Deep clean and declutter every space
    •  Boost curb appeal with fresh mulch, trimmed bushes, and a power-washed walkway
    • Apply a fresh coat of neutral paint to walls
    • Stage key rooms to highlight functionality and space
    • Upgrade lighting for a warm, inviting atmosphere

    An experienced agent helps you focus on what truly matters, so you don’t waste money on unnecessary renovations.

    4. The Power of Professional Marketing & Negotiation

    Today’s buyers start their home search online, which means high-quality photos, targeted advertising, and strategic marketing are non-negotiable. A top agent will ensure your home gets in front of the right buyers through:

    • Professional photography and videography to showcase your home in its best light
    • Targeted online advertising to reach the most qualified buyers
    • Social media and email marketing to maximize visibility

    Beyond marketing, negotiation is where a seasoned agent shines. They advocate for your best interests, ensuring you get the best possible price and terms while navigating multiple offers with skill and strategy.

    photographing living room

    5. Navigating the Selling Process – A Stress-Free Experience

    Selling a home involves managing showings, buyer inquiries, offers, inspections, and legal documents. We take on these responsibilities, so you don’t have to. We’ll handle the complexities, preventing potential legal and financial pitfalls.

    Get Ahead of the Competition – Work with the Best Agents for the Job

    If you’re thinking of selling this spring, now is the time to start. As experienced agents, we have the expertise, marketing strategies, and negotiation skills to ensure your home sells quickly and for top dollar.

    Reach out today for a free home value consultation or a personalized spring selling strategy session. Let’s make your home sale smooth, successful, and stress-free!

  • Staging Mistakes That Can Hurt Your Property’s Value

    Key Facts

    • Strategic placement of furniture is essential to make the home feel inviting and properly scaled.
    • The choice of colors in staging should aim for neutrality and harmony, avoiding overly personalized or clashing palettes that could detract from the home’s appeal.
    • Brighten spaces and remove personal items to showcase your home’s best features clearly.

    Home staging is an effective strategy to elevate your property’s market value. However, even with the best intentions, some common mistakes can diminish your efforts and potentially lower your home’s selling price. Here’s a closer look at what to avoid to ensure your staging enhances rather than diminishes your home’s appeal.

    kitchen interior

    Overfilling the Space

    One frequent mistake is cramming too much furniture into a space. This is particularly true in smaller spaces, where oversized furniture can make a room feel cramped and chaotic. Opt for a few well-chosen pieces that accentuate the space without overwhelming it. Similarly, excessive or oversized accessories can detract from the home’s natural charm. Remember, when staging, less is often more.

    Close up of couch and and throw in neutral colors

    Leaving Rooms Vacant

    Conversely, leaving rooms empty can also hinder buyers’ ability to envision the home’s potential. A completely vacant room feels cold and uninviting. Strategic placement of minimal furniture can define the space and suggest its potential without requiring a large investment.

    white kitchen

    Uncoordinated Color Schemes

    While personal taste in colors varies widely, staging should always aim to appeal to the broadest audience. Avoid the pitfall of using too many conflicting colors, which can make spaces feel smaller and less cohesive. Instead, use two or three shades from the same color family to create a sense of harmony and spaciousness.

    Neutral colored bedroom

    Keeping the House Dark

    A dark home can appear unwelcoming and smaller than it actually is. Maximize lighting by opening curtains, adding fixtures, and ensuring that each area is well-lit. This not only highlights your home’s best features but also creates a lively, attractive ambiance.

    close up of couch with plant

    Displaying Too Many Personal Items

    Overpersonalization can hinder buyers from picturing themselves in the space. While staging, aim for a neutral environment that suggests livability without including too many personal belongings. This helps potential buyers imagine their own lives unfolding in the space.

    living room interior

    Neglecting the Exterior

    First impressions are crucial. The exterior of your home is the first thing a buyer sees, so ensure it is as inviting as the interior. Simple improvements like trimming bushes, planting flowers, and ensuring the entrance is welcoming can make a significant difference.

    Front door with welcome mat and flowers

    Maximizing Your Home’s Value Through Smart Staging

    While home staging can dramatically increase the likelihood of selling your home quickly and for a good price, it’s essential to avoid these common pitfalls. Consult with a real estate agent to tailor your staging efforts appropriately, balancing cost and impact to showcase your home at its best.

  • Spring into Success: Navigating the 2024 Real Estate Market with Strategy and Confidence

    Welcome to the new year! There’s a buzz in the air as the spring real estate market seems to be starting earlier this year. Whether you’re looking to sell and aim for a top-dollar deal, or you’re on the hunt for your dream home, now’s the perfect time to gear up. Let’s dive into strategies that blend creativity and effectiveness, ensuring your journey in this vibrant market is as successful as it is exciting. It’s time to bring your 2024 real estate goals to life!

    floral door wreath

    Tapping into the Market’s Rhythm

    Spring in real estate is lively, offering a diverse range of options for buyers and increased interest for sellers. While more buyers may enter the market, anticipating a slight shift in interest rates, it’s important to approach this season with a blend of enthusiasm and strategy. Buyers look forward to exploring more choices, and sellers get ready to welcome serious prospects.

    woman putting flowers in vase

    Sellers: Enhancing Your Home’s Appeal

    This season is your chance to shine. A little effort in staging your home and boosting its curb appeal can go a long way. These thoughtful touches not only attract potential buyers but also help your property stand out. It’s about creating an inviting atmosphere that resonates with buyers. You don’t want to start making updates without knowing which are going to provide you with the best return on investment. We can help you determine what areas to focus on.

    Relator handing over the keys

    Buyers: Stepping Up with Confidence

    For buyers, the key is preparation. The first step for anyone thinking about buying a home is obtaining mortgage pre-approval – it clarifies your budget and shows sellers your commitment. In a market that’s picking up pace, this preparation puts you in a position of strength, allowing you to act decisively when you find the right home. When it comes to finding a home, we can set up a property search. A property search will notify you as soon as homes that match your criteria become available. By working with a real estate agent, not only do you benefit from our knowledge and expertise, you have access to homes before the hit the market. We are available to answer all of your real estate buying questions.

    buyer reading market stats

    Informed Decisions Lead the Way

    Staying updated on market trends is crucial, whether you’re selling your home or looking to buy. A good grasp of the current real estate landscape enables you to navigate the market with confidence. Keep an eye on local trends and seek insights that align with your goals.

    large kitchen

    Clarifying Your Goals

    Take a moment to outline your objectives for this spring. Sellers, once you know the value of your home, we can discuss if there are any steps that will make your property more appealing. It’s also the perfect time to think about what your move will be after the sale – are you looking to upgrade, downsize, or relocate? Buyers, think about what you’re looking for in a home and outline your wishlist. Clear goals are your roadmap in this exciting market.

    Decorated table featuring a vase filled with beautiful flowers.

    Ready for a Successful Spring?

    The 2024 spring market is ripe with possibilities. With thorough preparation and a clear vision of your goals, you’re well-equipped to take on the real estate opportunities this season presents. From staging tips to mortgage lender recommendations, we are here to provide you with expert guidance and support – just give us a call! We look forward to helping you achieve your real estate goals in 2024!

  • Warm & Welcoming: Winter Staging Secrets for a Successful Sale

    Key Facts:

    • Winter staging accentuates the cozy and inviting aspects of a home, enhancing its appeal.
    • Strategic lighting and warm color schemes create a comforting atmosphere for buyers.
    • Staged homes in winter can stand out in the market, attracting serious interest.

    A Season of Opportunity for Sellers

    Staging your home during the winter months presents a wonderful opportunity to showcase its cozy and inviting features. In the competitive real estate market, effective staging is key to not only enhancing your home’s appeal but also making it a standout choice for potential buyers.

    front door

    Creating a Memorable First Impression & Enhancing Curb Appeal

    The journey of captivating potential buyers begins the moment they approach your home. A well-lit path to a welcoming entrance, free of clutter, sets a positive tone. Curb appeal is crucial, even in winter. Maintain a neat exterior, touch up any peeling paint, and consider adding hardy plants for a touch of green. These small efforts can have a significant impact on a buyer’s first impression.

    modern kitchen with warm lights

    Illuminating with Warm Lighting and Rich Colors

    As winter days are shorter, the role of lighting in staging becomes pivotal. Utilize warm, soft lighting to create an inviting ambiance throughout the home. Incorporate table lamps, floor lamps, and dimmer switches to enhance the cozy feel, especially during evening viewings. Complement this with a palette of warm, earthy tones and rich textures. Soft throw blankets, plush pillows, and tastefully chosen decor can transform a space into a haven of comfort and warmth.

    fireplace in living room

    Staging Living Areas for Comfort and Connection

    Focus on staging living areas as spaces of comfort and relaxation. A well-presented fireplace, with neatly stacked logs and a clean hearth, can become the centerpiece of a living room. Even without a fireplace, arranging furniture to encourage conversation and social interaction can create a warm, inviting atmosphere. This is also an opportunity to weave a narrative through your home, with each room telling a part of the story, whether it’s a cozy reading nook or a dining room set for a family gathering.

    candle burning

    Appeal to the Senses and Incorporate Seasonal Touches

    Engaging the senses is a subtle yet powerful staging technique. Introduce winter-friendly scents like cinnamon, vanilla, or pine to subtly enhance the home’s appeal. This sensory experience, combined with tasteful seasonal decor, can add charm without overwhelming the space. Remember, the goal is to complement the home’s natural ambiance, not overpower it.

    dusting table

    Understanding Real Estate Market Trends

    The winter season often sees less competition among sellers, making it a strategic time to list your home. Buyers tend to have more urgency, and a well-staged property can stand out, attracting serious interest. Attention to detail, from ensuring light fixtures are dust-free and in working order to updating old fixtures, can create an impression of quality and care.

    kitchen with wreath hanging

    Maximizing Your Home’s Winter Appeal

    In a competitive market, every detail in staging your home counts. By embracing the unique aspects of winter and presenting your home as a warm and welcoming space, you can captivate potential buyers. Contact us today to learn more about maximizing your home’s value, selling your property, and leveraging expert staging techniques for success. Let us guide you in navigating the winter real estate market with confidence.

  • Maximize Your Home Sale with the Power of Equity

    Key Points

    • Understanding your home equity can be a game-changer when deciding to sell your home, especially in today’s market of high mortgage rates.
    • Nearly 70% of homeowners have significant equity, making it an opportune time to consider selling.
    • Our expert real estate team is here to guide you through the process, offering free home equity assessments and answering any questions you may have.

    What is Home Equity and Why Does It Matter?

    couple standing in the kitchen chatting

    Home equity is more than just a financial term; it’s your ticket to new opportunities. In simple terms, home equity is the difference between your home’s current market value and the remaining balance on your mortgage. But why should you care? Well, with today’s real estate market, understanding your home equity can be a game-changer when you decide to move.

    The Equity Boom: A Silver Lining in Today’s Market

    couple waving at laptop on virtual meeting

    You’re not alone if you’re hesitant to sell your home due to high mortgage rates. However, there’s good news. According to data from ATTOM and the Census, nearly 68.7% of homeowners have either paid off their mortgages or have at least 50% equity in their homes. That’s right—almost 70% of homeowners are sitting on a goldmine of equity!

    How Understanding Your Equity Can Ease the Selling Process

    couple moving packing boxes

    Knowing your home equity can remove a lot of the uncertainty around selling your home. With significant equity, you’ll have more flexibility in choosing your next home, negotiating deals, and even covering moving expenses. And the best part? Our expert real estate team is here to guide you every step of the way.

    Leveraging Equity: Your Hidden Asset

    handing over house keyes

    Understanding your home equity isn’t just about knowing numbers; it’s about leveraging this asset to your advantage. With our expertise, we can help you strategize on how to use your equity for a down payment on a new home, or even as a financial cushion for future investments. It’s not just about selling your home; it’s about planning your financial future.

    Take the Next Step: Unlock Your Home Equity Today

    Ready to unlock the potential of your home equity? Don’t navigate this journey alone. Contact our expert real estate team today for a free home equity assessment or with any questions you may have. Your future home awaits!

  • US Housing Market Well Positioned for Busy Summer Home Buying Season

    home buying 20The summer months should be quite busy for home buyers, sellers and real estate agents alike!

    As we head into June, real estate analysts are saying that the national housing market is poised for a successful (and busy!) summer home buying market.

    Several factors are at play, experts say, including low housing inventory, pent up demand and increasingly optimistic sellers.

    One thing’s for sure: The next few months should be very interesting from a national housing market perspective!

    What Every Buyer and Seller Should Know About Market Activity

    According to the latest sales figures released by the National Association of Realtors, sales of previously owned homes increased in March by the most in four years.

    In fact, purchases increased 6.1 percent to a 5.19 million annualized rate, which is the highest level it’s been since September 2013.

    On average, homes were being purchased in 52 days on average, which is the fastest sales rate the country has seen since July.

    Here are some more highlights from the latest data report:

    • The share of first-time buyers increased slightly while distressed properties made up a smaller part of the market
    • The number of homes for sale increased in March for a second month.
    • In fact, that gain was the biggest since December 2010.
    • Figures from the Mortgage Bankers Association showed that the group’s index of purchase applications increased in recent weeks to the highest level since June 2013.
    • The Standard & Poor’s 500 Index increased 0.5 percent to 2,107.96 recently, which is within 12 points of a record high.
    • More sellers expressed confidence about buyers entering the market as the weather warms, further helping to increase the supply of properties for sale.
    • In fact, the number of existing properties for sale increased 5.3 percent to 2 million in March from a month earlier.
    • And sellers’ instincts about buyer interests appear to be spot on. For instance, 40 percent of homes sold in March were on the market for less than a month.
    • The median price of an existing home jumped 7.8 percent from March 2014 to March 2015, to $212,100. That’s the most since February 2014.
    • Meanwhile, the cost of a purchased house was 5.4 percent higher in February from the same time last year, which is tied with May 2014 for the biggest gain.
    • Purchases increased in all four U.S. regions, led by a 10.1 percent increase in the Midwest. They were up 6.9 percent in the Northeast, 6.3 percent in the West and 3.8 percent in the South.
    • Sales of single-family homes rose 5.5 percent to an annual rate of 4.59 million, which is the most it’s been since August 2013.
    • Meanwhile, closings on multifamily properties (including condominiums) increased 11.1 percent.
    • Purchases of distressed properties represented 10 percent of the total, which is down from 11 percent in February.
    • Also, the average rate for a 30-year fixed mortgage was 3.67 percent recently. The rate was 3.59 percent in February, which was the lowest in almost two years.

    One Small Concern is On the Minds of Experts

    Experts did express concerns about how fast home prices were rising, which they credited in part to low housing inventory. Thus, economists said the best way to fix that is to increase the supply of homes for sale on the market.
    It will be interesting to see if enough sellers enter the market in the next couple of months to temper those price increases.

    We’re Your Real Estate Market Experts!

    We hope you have found the information above as insightful and encouraging as we did. Seeing the national housing market recover is definitely a welcome sight!

    Please check back here soon for more updates on the state of the housing market. We’re confident that having this knowledge will help you make savvier decisions as a buyer or seller.

  • US Pending Home Sales Rise for Third Month in a Row

    home buying 18We have some excellent news to report from the national housing market: Evidently US pending home sales index increased for the third straight month in April.

    This is a great testament that the national housing market is getting back on track and becoming increasingly stable.

    If you’re considering entering the market anytime soon as a buyer or seller, we encourage you to continue reading to learn more about this new trend.

    The Latest Outlook from the Housing Market is Positive

    Let’s take a closer look at the recent report from the National Association of Realtors.

    According to recent data, the pending home sales index (which is based on contract signings for purchases of previously owned homes) increased 1.1 percent to a seasonally adjusted level of 108.6 in March.

    This is also higher than in February, when the level was 107.4.

    And evidently, the increase in the home sales index is higher than many economists surveyed by the Wall Street Journal thought it would be. They had expected the increase to be 1 percent.

    Here are some additional highlights from the recent report:

    • When comparing March 2014 to March 2015, the index increased 11.1 percent.
    • Completed existing-home sales increased 6.1 percent in March. This increase followed two months in which the gains were lackluster.
    • And although sales of newly built single-family homes decreased from February to March, they increased almost 20 percent from the sales pace of a year ago.
    • The average interest rate for a 30-year fixed-rate mortgage was 3.77 percent in March, which is slightly above the previous month but also down from a year earlier.
    • And pending sales of existing homes increased in the South and the West during the month of March, but decreased in the Northeast and Midwest.
    • Meanwhile, markets across the country are seeing home prices increase.

    Experts believe that low housing inventory have driven prices up on existing homes. And while that has helped to close the gap in cost between newer homes (which are typically more expensive) and previously-owned homes, existing home sales still account for roughly 90 percent of the overall market.

    Will These Positive Housing Market Trends Continue?

    Check back with us soon to see if national real estate activity continues on this upward trend or takes a dip.

    Having the most up-to-date market data is critical to ensuring a successful outcome as a buyer or seller. That’s why we hope you’ll check back here again soon for the most up-to-date information on the market possible.

  • Signed Contracts for US Homes Increase, Report Shows.

    Home contractIn the latest sign that the U.S. real estate market is improving, more Americans signed contracts to purchase homes in February than in nearly a year.

    The National Association of Realtors released the data, which showed that the seasonally adjusted pending home sales index increased 3.1 percent to 106.9 in February.

    That’s the highest it’s been since June 2013!

    If you’re preparing to list your home anytime soon on the local housing market, we encourage you to continue reading to learn more about this trend!

    US Home Sales Are On the Rise!

    Here are some additional highlights from the recent National Association of Realtors report:

    • Buying activity increased in the Midwest and West during the month of February, although it actually decreased slightly in the Northeast and South.
    • Existing homes sold at an annual pace of 4.88 million in February, which is slightly below last year’s levels.
    • The supply of homes was just 4.6 months, compared to five months a year ago. It should be noted that a six month inventory is considered a balanced market.
    • Average 30-year fixed rates were 3.69 percent last week, according to the mortgage giant Freddie Mac. That was down from a 52-week high of 4.41 percent recently.
    • Home prices have increased 17 percent since the middle of 2012, which is when the market bottomed out.
    • Analysts are particularly encouraged by the recent gains because it means that the housing market was able to overcome such unforeseen and uncontrollable hurdles like freezing weather and a particularly harsh winter.

    Experts say that the upturn suggests that the spring home buying season will be robust.

    They added that home sales are likely to be further supported since the unemployment rate is down to 5.5 percent.

    In fact, the unemployment rate is down to its lowest level in nearly seven years!  And employers have added 3.3 million jobs during the last year, including 295,000 jobs in February.

    All of this is giving would-be home buyers more buying power as well as consumer confidence. This, in turn, is leading more to enter the national housing market in search of their dream home.

    We’re Your #1 Real Estate Resource!

    We hope you found the above information insightful as a prospective home seller.

    As you can see, it really is a great time to list your property on the market.  After all, there’s plenty of pent-up home buyer demand and home sales activity appears to be picking up.

    Please check back here soon for more valuable insight on that national housing market and how it may impact you.  We’d be happy to offer our expert insight in order to help you enjoy a successful outcome as a home seller!

  • Report: US Home Prices See Gains in February

    home pricesThe national housing market continues to show gains, with home prices rising year-over-year during the month of February.

    This is fantastic news as it shows that the U.S. real estate market continues to rebound from the Great Recession.

    If you’re considering listing your home anytime soon, please continue reading to learn more about current national housing market trends.

    A Closer Look at Recent US Sales Activity

    CoreLogic released its February 2015 CoreLogic Home Price Index and the conclusions are favorable for home sellers.

    Here are some of the highlights of that report:

    • US home prices (including distressed sales) increased by 5.6 percent in February 2015 compared to February 2014.
    • That increase marks three years of consecutive year-over-year increases in national home prices.
    • Month-over-month, national home prices (including distressed sales) increased 1.1 percent in February 2015 compared to January 2015.
    • 26 states and Washington DC were at or within 10 percent of their peak prices during the month of February.
    • Six states, including Colorado (+9.8 percent), New York (+8.2 percent), North Dakota (+7.7 percent), Texas (+8.5 percent), Wyoming (+8.4 percent) and Oklahoma (+5.2 percent), marked new home price highs since January 1976 when the CoreLogic HPI began.
    • When you exclude distressed sales, home prices increased by 5.8 percent in February 2015 compared to February 2014.
    • And home prices increased by 1.5 percent month over month compared to January 2015.

    Certain states stood out for various achievements during the month of February:

    • If you include distressed sales, the five states with the highest home price appreciation were: Colorado (+9.8 percent), South Carolina (+9.3), Michigan (+8.5 percent), Texas (+8.5 percent) and Wyoming (+8.4 percent).
    • If you exclude distressed sales, the five states with the highest home price appreciation were: South Carolina (+9.7 percent), New York (+9.2 percent), Colorado (+9 percent), Texas (+7.9 percent) and Florida (+7.8 percent).
    • If you include distressed sales, the peak-to-current change in the national HPI (from April 2006 to February 2015) was -12.2 percent. If you exclude distressed sales, the peak-to-current change for the same period was -7.8 percent.
    • If you include distressed sales, only Connecticut had a decline in home prices, with a 0.9 percent decrease.
    • The five states with the largest peak-to-current declines, including distressed transactions, were: Nevada (-35.4 percent), Florida (-32.4 percent), Rhode Island (-29.6 percent), Arizona (-28.4 percent) and Connecticut (-24.7 percent).
    • If you include distressed sales, the U.S. saw 36 consecutive months of year-over-year increases.
    • 92 of the top 100 Core Based Statistical Areas (CBSAs) measured by population had year-over-year increases in January 2015.
    • Those core based statistical areas that saw year-over-year declines were: Baltimore-Columbia-Towson, MD; Philadelphia, PA; Hartford-West Hartford-East Hartford, CT; New Orleans-Metairie, LA; Rochester, NY; Worcester, MA-CT.; Albany-Schenectady-Troy, NY; and New Haven-Milford, CT.

    Based on recent market data and projections, the CoreLogic HPI Forecast suggests that home prices, including distressed sales, will increase by 0.6 percent month over month from February 2015 to March 2015 and on a year-over-year basis by 5.1 percent from February 2015 to February 2016.

    If you exclude distressed sales, home prices are expected to increase by 0.5 percent month over month from February 2015 to March 2015 and by 4.8 percent year over year from February 2015 to February 2016.

    How Can We Help You With Your Next US Home Sale?

    If you’re interested in entering the market anytime soon as a home seller, please make sure to contact us.

    We would be happy to assist you by further analyzing recent market activity to see how it may affect your specific efforts as a home seller.

  • The National Real Estate Market Shows Positive Signs of Growth

    Home Selling 8Things are certainly looking up on the national real estate market! According to a recent report from the national Standard & Poor’s/Case-Shiller Home Price Index, home prices increased during the month of January despite cooling home sales.

    Experts believe that a tightening inventory helped to spur the rise in home prices.

    This is important information for home sellers as it will help determine their home selling strategy on the local housing market. So continue reading to learn more!

    What National Home Sellers Should Know About the Market

    Here are the highlights of the most recent report from Standard & Poor’s/Case-Shiller Home Price Index:

    • National home prices increased 4.6 percent year over year in December, bolstered by increased of 9.3 percent in San Francisco and 8.4 percent in Miami.
    • Home prices in Chicago increased 1.3 percent year-over-year while Cleveland and Washington saw price gains of 1.5 percent.
    • Here are some additional cities mentioned in the report, including their year-over-year index change:

    Atlanta: 5.1
    Boston: 3.8
    Chicago: 1.3
    Cleveland: 1.5
    Dallas: 7.5
    Denver: 8.1
    Detroit: 2.8
    Las Vegas: 6.9
    Los Angeles: 5.5
    Miami: 8.4
    New York: 1.9
    San Francisco: 9.3
    Washington: 1.5

    • Meanwhile, experts described how regional housing indicators in the south and west were generally positive while the harsh winter continued to hold back home sales in the Northeast and Midwest.
    • Specifically, existing home sales in the West dropped 7.1 percent in the month of January, according to National Association of Realtors’ data released Monday.
    • Meanwhile, national home sales decreased 4.9 percent month over month.
    • Sales in the Northeast dropped 6 percent month over month, while declining 4.6 percent in the South and 2.7 percent in the Midwest.
    • Home sales were, however, up year over year in all four regions in January.

    How Can We Help Make Your Real Estate Dreams a Reality as a Seller?

    Please contact us for more valuable insight on the current state of the national housing market and how it may benefit you as a home seller. We would love to assist you!

    And make sure to check back here next time for even more information that will aid you in your real estate endeavors!