Home Sellers are Asking for More Money Due To Faster Sales

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Tobias Nergarden or Real Estate Marketing Insider comments on the reports of faster home sales prompting higher asking prices.

Mr. Nergarden issued some observations about the higher asking prices for homes as a result of faster sales today, and his opinion is that this will help home sellers because it demonstrates that selling a house for higher prices is definitely possible, especially with the help of the best real estate websites.

The Wall Street Journal’s MarketWatch reports that because it has been easier for home sellers to sell their homes, especially after the tough real estate market over the last few years, asking prices are higher. The National Association of Realtors has provided data indicating that one third of the homes that were sold during July 2012 were listed for less than a month. August then showed that asking prices across the country were up by 2.3% over the previous August. Trulia also indicated that if foreclosures were taken out of the equation, the average asking price actually increased by 3.8%. Some real estate markets saw a far greater increase in asking prices, such as the Phoenix metropolitan area, which has shown a 24% increase in asking prices. All of this information is tempered with the fact that some homes are still on the market for long periods of time, and asking prices are not up in all markets.

The National Association of Realtors (NAR) is a trade organization made up of real estate professionals. The NAR owns the trademark on the word Realtor and in order to ensure that the name carries a certain weight, holds these realtors to high ethical standards. These standards are enforced nationwide. The NAR also attempts to protect the rights and interests of real estate professionals by maintaining a lobbying arm in the U.S. Congress.

Trulia.com is a real estate website that was launched in 2006 in order to provide detailed information about properties around the country. This is done by working with brokerage firms and the MLS system. The main function of Trulia is to enhance standard real estate listings by including supplemental information with specific home details such as commute information and school data. Trulia has several headquarters around the United States in Denver, San Francisco, and New York.

Phoenix, like many cities in the Southwestern United States, suffered greatly from the collapse of the housing bubble in 2007. Many homeowners found that they owned far more on their homes than the homes were worth, and many workers who had been involved in construction found themselves unemployed. In spite of this, Phoenix is the headquarters for several major corporations and has a strong apartment rental industry.

Real Estate Marketing Insider today commented on the rise in asking prices for homes resulting from faster sales.

About Real Estate Marketing Insider:
Real Estate Marketing Insider is a publication with a primary goal of providing expert analysis of trends, hot news, and strategies for real estate professionals. REMI is published out of La Jolla, California.

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