Signs that a recovery in
real estate prices is on the way.
'10 | Lender Foreclosure Auction Decline
when other factors get slowed down
Real estate agents have been hunting for new houses in recent past months as reported by a source, but still according to the data, closings have gone down by double digits as compared to the figures a year ago.
For example, sales of Long Island except the North Fork and the Hamptons , for January, February and March this year have gone down 18% as compared to the last year, according to the survey done by a Manhattan-based evaluator, Miller Samuel.
Real estate prices.
'09 | Income levels are considered
how much loan a family can handle
The two types of variables which affect residential real estate prices are macro forces and micro forces. Micro forces include state and municipal zoning, neighborhood features (like quality of schools, hospitals), local economic strength, and the condition of the property itself. Macro forces include economic strength (the business cycle), mortgage interest rates, federal taxes and demographics.
Income levels are considered as the biggest factor which affects home pricese... Dr.Mayor
Income levels are considered as the biggest factor which affects home prices as the incomes of potential buyers limits the rise in home prices. More than 80 percent of the total number of homes sold are purchased with a loan so the ability to pay back the loan, borrow money and also the cost of getting a loan are the major factors which limit the rise in home prices.