Welcome to MySecretAgent.com Blog where we are dedicated to keep the seller in control of the selling process. Having YOU be in control allows the seller to save thousands in commissions. In one easy step you can list your home online for a one time flat fee. We are like a traditional agent, but better. Say NO to 6% real estate commission. Visit us at MySecretAgent.com or Call us 800-915-9174 for more information.
Sales of existing homes declined in May, according to a new report from the National Association of Realtors, not just because the overall housing market is struggling, but because there are simply not enough homes to buy. There are currently 2.49 million for sale, a drop of 20 percent from a year ago. To make matters worse, supply is lowest on the low end, where so much of the investor activity has been over the past several years. This lack of supply has seriously skewed the readings on home prices for the second straight month. The median price of an existing home, as reported by the Realtors, rose 7.9 percent in May annually, but NAR chief economist Lawrence Yun was quick to point out that this does not mean the average home owner gained that much equity; it is simply a big shift in the type of home that is selling. Sales of homes priced under $100,000 dropped two percent from a year ago, while sales of homes priced between $250,000 and $500,000 shot up nearly 29 percent (though still at low volumes historically). Again, this is due to lack of supply on the low end, specifically distressed homes. Full Article