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The average number of days on market required to sell a home gives you a good indication of the strength of that local real estate market--a higher average number of days on market usually suggests a weaker market, a lower average number of days on market implies a stronger local real estate market.
Compared to a year earlier, U.S. home sales dropped 10.3% in December
Avoid poorly designed homes--this is often referred to as functional obsolescence. Functional obsolescence reduces the desirability of your home and makes it more difficult to sell. Here are some examples that you should steer clear of: 1) No bathrooms on first floor
2) Bedrooms with no closest
3) Knob-and-tube wiring or fuses instead of a circuit breaker box
4) One outlet per room
The number of unemployed persons in the US rose 276,000 jobs to 6.3 million in December
Real estate negotiations don't necessarily end when you sign a purchase contract--savvy buyers can use repair items that arise from a home inspection to try to renegotiate
Most U.S. self-storage properties are fully occupied, but average rents in the sector are still falling
