Because I am a Certified Residential Specialist I receive their monthly magazine which has a lot of interesting statistics and information on what is new in the world of real estate. Thought I would share a bit of this and that with you –
- Home Insurance Premiums increased 19% in 2011 according to Homeinsurance.com. On average nationwide consumers paid $128.00 more/year from the beginning of 2011 to the end of 2011 on new policies. Consumers who shopped around and asked about discounts such as home and auto packages could save substantially.
- Sales of Investment and vacation homes accounted for 38% of all homes sold in 2011 the highest since 2005 according to the National Association of Realtors, Inc.
- 7 out of 10 homeowners are planning home improvements on their existing homes rather than moving in 2012. Nearly 72% of these homeowners are planning to do the work themselves.
- 65% of homeowners are willing to make concessions to help sell their homes with 29% providing closing cost assistance.
A little of this and a little of that.