home prices rebounding

Highest:

Quality of schools

Condition of home

Size of home

Lowest:

Public transportation

Walkability

Energy efficiency

BUYER PRIORITIES

Prices Rebounding, GOOD BUYS REMAIN

GOOD VALUESOn average, today’s sales prices remain 29% below the peak reached before the housing downturn, agents say.

WHAT THEY’RE BUYING AND PAYINGPercent of agents who say demand is

“Good” to “Very good”

Percent of agents who say sellers are getting “Slightly less” to “Full price”

“Prices have increased by 15% in the past four weeks due to high demand in the face of low home inventory.”

Tony Barberi RE/MAX Execs Manhattan Beach, CA

”You can buy a ‘fixer upper’ foreclosure for 30-40% below market value, fix it up and still have equity in your home.”

Niki Frieler RE/MAX Results Plymouth, MN

“Both the number of buyers and the price which sellers are getting are noticeably higher in the Lehigh Valley market.”

Lisa M. Hoffman RE/MAX Central Center Valley, PA

“There is a lack of low- and mid-range inventory, and it’s very common to get into multiple offers on foreclosures.”

Kim Clayton RE/MAX Center Duluth, GA

First-time buyers

Owners downsizing or upsizing

Other

Investors

Second-home buyers

Agents say 1 in 5 buyers pays cash with an average cash discount of 15%

WHO’S BUYING

HOME PRICE FORECAST RE/MAX agents surveyed predict that home prices will remain stable or climb higher in 2012

MWW

PERCENT OF AGENTS WHO SAYPRICES WON’T DECLINE

Down payment

Lack of inventory

Selling current home

Acceptable credit scoreHURDLES FACING BUYERS

March 2012 online survey of 1,022 RE/MAX agents specializing in residential real estate. ©2012 RE/MAX, LLC. Each office independently owned and operated. 120305