Home Insurance in Dallas and Saving Money
There is no doubt that house prices are falling and that some areas of the United States have become “risky” markets. House prices have fallen more in the first quarter of this year than in any other district in the last 17 years. PMI Mortgage Insurance says that the value of real estate may fall across the country over the next two years.
Here’s a peak into the “risky” market areas, and stable markets, as well as some valuable tips to sell your home in this post-Bubble change.
Most risky markets identified are those that experienced rapid price awards in previous years and were part of the housing bubble, which many have been able to turn in a fast Buck property that will fly home. But a sudden collapse, the experience of the hardest hit, with the largest execution:
- Phoenix-Mesa-Scottsdale, Arizona
- Riverside, San Bernardino, Ontario, California
- Las Vegas, Paradise, Nevada
- West Palm Beach, Boca Raton, Boynton Beach, Florida
- Los Angeles, Long Beach, Glendale, California
- Santa Ana, Anaheim, Irvine, California
- Orlando-Kissimmee, Florida
- Oakland-Fremont-Hayward, California
- Fort Lauderdale-Pompano Beach-Deerfield Beach, Florida
- San Diego-Carlsbad-San Marcos, California
- Miami, Miami Beach-Kendall, Florida
- Tampa, St. Petersburg-Clearwater, Florida
- Washington, D. C., Arlington, Alexandria
- Boston, Quincy, Massachusetts
Risk factor of these sites is calculated using a formula which includes data on house sales, affordability, which includes per capita income, appreciation and mortgage rates and employment in any given area. Positive is the area where the housing market is still risky to have a strong employment rate, which creates good conditions for them to be able to ride this terrible tide.
Texas and the Midwest markets, which remained largely untouched the real estate boom, and thus is largely untouched by the recent fall in real estate. These include:
- Fort Worth-Arlington, Texas
- Pittsburgh
- Dallas-Plano-Irvington, Texas
- Houston-Sugar Land-Baytown, Texas
- Indianapolis-Carmel, Ind.
- Columbus, Ohio
As a seller today, it is very important to use the Internet as an effective marketing tool. The potential buyer decides to use the Internet more than ever. Before you leave for the open day, buyers are more inclined to narrow your home search by searching on the Internet where they can see (ideally), clean, clear, professional photos of your home, complete with virtual tours. Being on the cutting edge of Internet technology and to their home visually well represented at the highest importance. Find an agent who is savvy and willing to create a website for every house they represent. If you can not find an agent who will do it, remember you can create a website yourself.
