Archive for February, 2012

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Come and See North Eastern Group Realty at the Fort Wayne Home and Garden Show!

Wednesday, February 29th, 2012

Come and see a North Eastern Group Realtor at the Fort Wayne Home and Garden Show March 1 through the 4th at the Memorial Coliseum! Fort Wayne residents flock to the Home and Garden show every year to plan home improvements or consider new home options.

If you are looking for a real estate professional to provide an accurate market analysis on your home, discuss the marketing and sale of your current home or assist locating your next home, stop by and visit  us at booth 322!

At North Eastern Group Realty, we are prepared to assist our clients with their significant Fort Wayne real estate decisions. Our corporate commitment is to provide real knowledge, proven experience and professional, quality service. To search all Fort Wayne homes for sale or find a Fort Wayne REALTOR, visit our website at NorthEasternGroup.com.

North Eastern Group Realty is Fort Wayne’s largest independent real estate company located at 10808 La Cabreah Lane, Fort Wayne, IN 46845.  

 

 

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New-Home Inventory Shrinks to Record Lows

Tuesday, February 28th, 2012

Daily Real Estate News | Monday, February 27, 2012

Inventory of new homes on the market shrank to its lowest point on record in January, marking a 5.6-month supply at the current sales pace, the Commerce Department reports. 

With fewer homes available, the price of new homes increased slightly last month. The median price for a new home ticked up slightly at 0.3 percent to $217,100, which is the highest level since October.

However, January sales of single-family homes mostly stayed flat in January, falling less than 1 percent last month compared to the previous month. New-home sales reached a seasonally adjusted annual pace of 321,000 units. 

New-home sales were up 3.5 percent compared to the same time last year, the Commerce Department reported. 

"This is indicative of the incremental, steady progress that the market is making toward recovery in conjunction with modest economic and job growth,” said David Crowe, the National Association of Home Builders’ chief economist. “Increasingly, potential buyers are feeling better about their financial situation and their ability to buy a home, but the challenges posed by tight credit conditions and appraisal issues continue to slow that process."

Regionally, the Midwest saw the biggest decline in new home sales in January, a 24.5 percent drop in sales followed by a 10.6 percent drop in sales in the West. On the other hand, the Northeast posted an 11.1 percent gain in new home sales in January, and the South saw a 9.3 percent increase.

Source: National Association of Home Builders 

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Posted in Fort Wayne Homes for Sale - Builder News

Fort Wayne Homes for Sale show stabilization of market.

Monday, February 27th, 2012

Fort Wayne home inventories are shrinking and sales were up in 2011, indicating that the fundamentals are improving. Home buyers were more active than home sellers. Prices were down, primarily due to bargain hunting and the mix of homes selling.

Watch the entire market update: http://youtu.be/OzT6Zu1zze8

At North Eastern Group Realty, we have the knowledge and expertise to assist our clients with their significant Fort Wayne real estate decisions. Our corporate commitment is to provide real knowledge, proven experience and professional, quality service. To search all Fort Wayne homes for sale or find a Fort Wayne REALTOR, visit our website at NorthEasternGroup.com.

North Eastern Group Realty is Fort Wayne’s largest independent real estate company located at 10808 La Cabreah Lane, Fort Wayne, IN 46845.  

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Gina Zimmerman, North Eastern Group REALTOR teaches staging class.

Saturday, February 25th, 2012

staging class

Thank-you to Gina Zimmerman, Accredited Staging Professional for teaching a fabulous class on how to prepare your Fort Wayne home for sale through staging. REALTORS and homeowners learned the tips and tricks direct from a proven professional. Gina has helped numerous homeowners sell their homes for top dollar and in record time. After a day packed with training, the class will tackle an actual staging project on a local home.

As a full time professional REALTOR at North Eastern Group Realty, Gina is prepared to assist her clients with their significant Fort Wayne real estate decisions. Our corporate commitment is to provide real knowledge, proven experience and professional, quality service. To search all Fort Wayne homes for sale or find a Fort Wayne REALTOR, visit our website at NorthEasternGroup.com.

North Eastern Group Realty is Fort Wayne’s largest independent real estate company located at 10808 La Cabreah Lane, Fort Wayne, IN 46845.  

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Posted in Fort Wayne Realtor - Agent news

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