Housing prices in America have fallen by roughly 33 percent since the peak of the housing bubble in 2011. However, real estate values fluctuate, and in certain areas, there is real estate for sale at values seldom seen before. WIth that said, for those looking to find real estate to buy, talking to a real estate agent is an excellent idea, as it can help said person find exactly what he or she is looking for.
Luxury real estate in the United States is typically real estate valued at over $1 million, but it varies according to region. Many people buy luxury homes or sometimes multiple luxury homes, and in certain areas, modern luxury homes have real estate values at all time highs, and some people have bought homes at low values and then watched the values skyrocket.
According to the NAR, an estimated 9 percent of homes for sale in the United States were for sale by owner. Real estate listings listed by owner are less popular, however, because there is typically less wiggle room in negotiating price. Therefore, many people use real estate agents as a go-between, and because real estate agents are typically more knowledgeable when it comes to real estate values and knowledge of the listings on the market.
In 2012, about 39 percent of homes purchased in America were purchased by first time buyers. In addition, 32 percent of home buyers found homes they were interested in through real estate agents. Finding the right house is incredibly difficult, but with the help of a real estate agent and patience, anyone who wants to move into a new house can find exactly what they’re looking for. Continue your research here.
