Coldwell Banker today announced that its first-ever College Market Home Price Comparison Index has found Lubbock, Texas, the home of the Red Raiders, to be the most affordable college town in the nation, with an average home price of $164,133. At the other end of the scale was Palo Alto, Calif., home of Stanford University, which topped the charts as the most expensive college town in the index at $1,550,000. "College towns can be great places to live because they are family-friendly, lively communities with an abundance of activities ranging from sports and entertainment to high culture," said Jim Gillespie, president and chief executive officer of Coldwell Banker Real Estate Corp. "A large majority of these towns are also very affordable, making them ideal for first-time homeowners or Baby Boomers looking for a second home near their alma mater. And lately, many parents of college students are foregoing paying room and board to schools, preferring to own a home for their child to live in and collect rent from their roommates to apply to the mortgage." Gillespie noted that through an enhanced Home Price Comparison Index section on http://hpci.coldwellbanker.com, consumers can calculate what their homes might be worth in these 59 college communities. Click here to read more.
Overheated housing market is cooling. Selling a house the past few years has been easy. Put up a "For Sale" sign. Host an open house. Sift through multiple offers. Pick a buyer willing to fork over more cash than you initially asked for. Then brag about how much you got. That was then. And now? While there's still a plentiful pipeline of home buyers looking to make a deal, finding one willing to make a split-second decision to buy and pay whatever it takes to get in the door is no longer a lock, real estate agents say. In what could signal a mood shift in the feverish real estate market, tales of bidding wars and 30% annual price gains are quietly fading. Instead, there's nervous chatter about the recent increase in the number of homes for sale, sellers cutting their asking prices and builders wooing buyers with incentives. Click here to read more.
~Tina Jan~
Coldwell Banker Kivett-Teeters
1655 E. Sixth St.
Beaumont, CA 92223
Work: 951-845-5520 Ext. 105
Fax: 951-845-4916
Cell: 909-446-2666
Toll-Free: 1-877-TINAJAN
tina.jan@coldwellbanker.com
www.tinajan.com
No comments:
Post a Comment
Thank you for commenting!