Category Archives: Market Updates

Buffet: If I Could Buy a Couple Hundred Thousand Homes

 

The “Oracle of Omaha” shares his unfilled desire to “purchase a couple hundred thousand single family homes” on CNBC this week.

I think his call is right on.  Interest rates are still amazingly low and the Champaign County housing inventory appears to be stabilizing so far for 2012.  Home ownership isn’t for everyone but for those that will be in the area for a few years the opportunities are great!

Vote: Champaign County Home Values in 2012

Will Champaign County home values be up, down or the same in 2012?  Everyone has an opinion and no one knows for sure.    What do you think will happen to the average home sale price for 2012?    Take a look at November 2011 home sales numbers to see current data.

Champaign Home Values – Survey and Update

A recent survey by HomeGain, (link) points out that 76% of home sellers think their properties are worth more than the suggested list price of their Selling Agent while 68% of home buyers think that homes are priced above their actual value.   Who do you think will win that battle? Continue reading

Balanced Inventory of Ranch Homes in Champaign

$151,900 - 3BR and 2 Full Baths

This afternoon there were 277 Ranch or 1-Story homes actively for sale in Champaign out of a total of 552 listings. (that’s around 50.1% of all listings for those keeping score).  County wide there were 914 Ranch homes representing 54.9% of all MLS listings.  (The difference in city to county might be attributed to more 1-Story properties in rural areas of the county than in town.) Continue reading

August 2011 Home Sales – Champaign Realtors Association

Home Sales in August of 2011 were up and down.  The Champaign County Association of Realtors reported 239 units sold up 40% from August of 2010.  This number is down from 254 units sold in July 2011 which reflects a typical seasonal slowdown. Continue reading