If you’ve wondered how Trulia is beginning to dominate search engines with real estate key word phrases over local real estate sites (the source of the content), it may have something to do with their aggressive web ranking strategies. I’ve written an article at SEOMoz (YOUMoz) that explores the possibilities titled Trulia’s Web ranking strategies Come Under Fire.
Housing Affordability Index - Buyer’s Market
At the end of May, The National Association of Realtors released a report on the Housing Affordability Index for the month of April. The report showed a decline to 129.4 from the March level of 130. The change was a reflection of an increase in the median price home for the month of April. A clearer description of what the 129.4 number is that a family that earns the median family income in April, which was just over $60,000, had $129.4% of the income required to quality for the conventional loan. The conventional loan would cover 80% of the median-priced single family home. In April, the median priced single family home was valued at $200,700.
In July 2007 the Housing Affordability was at 103.6 and was due to higher home prices at the time along with higher interest rates. The more than 25 point increase since July 2007 should continue and this will mean that there will be some recovery for the struggling real estate market. Some have speculated that right now we are in the midst of a buyers market and when you look at these numbers, it is undeniable. The market as of June 2008 is a buyer’s market through and through.
Do you want to search Short Sale Listings in Fort Lauderdale, Florida?
I have added a new feature on my website listing available Short Sale listings.
You can view single family and condo short sales in all of Broward County by visiting Fort Lauderdale Short Sale Listings
Short Sales may be great opportunities for purchasing a property well below market value, however, be prepared to exhaust a great deal of patience because lenders have not been very cooperative in approving the sales in a timely fashion if at all.
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