{"id":1470,"date":"2017-12-07T11:12:06","date_gmt":"2017-12-07T16:12:06","guid":{"rendered":"https:\/\/empireappraisalgroup.com\/?p=1470"},"modified":"2017-11-30T11:15:21","modified_gmt":"2017-11-30T16:15:21","slug":"homebuyers-black-friday-already-come-gone","status":"publish","type":"post","link":"https:\/\/empireappraisalgroup.com\/homebuyers-black-friday-already-come-gone\/","title":{"rendered":"For Homebuyers Black Friday Already Has Come- and Gone"},"content":{"rendered":"<h1 class=\"entry-title\">For Homebuyers Black Friday Already Has Come \u2013 and Gone<\/h1>\n<p>Source: https:\/\/www.trulia.com\/blog\/trends\/cut-rate-housing-fall-2017\/?ecampaign=con_cnews_digest&amp;eurl=www.trulia.com%2Fblog%2Ftrends%2Fcut-rate-housing-fall-2017%2F<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/dlzx9e7gl8jc4.cloudfront.net\/trulia\/wp-content\/uploads\/sites\/1\/2017\/11\/PriceCuts_17SPR_V03_hero-efb347.png\" alt=\"\" \/><\/p>\n<div class=\"entry-meta container\">\n<div class=\"byline col-md-7 col-sm-6 col-xs-12\"><span class=\"author vcard\">By <a class=\"url fn n\" href=\"https:\/\/www.trulia.com\/blog\/author\/fchacon\/\">Felipe Chac\u00f3n<\/a><\/span> |<\/div>\n<p><span id=\"laf6d425c24\">And in such situation&#8230; internet purchase viagra <a href=\"http:\/\/cute-n-tiny.com\/cute-animals\/duckling-and-owl-pals\/\">cute-n-tiny.com<\/a> seems to be the prime cause for this disorder. So if you know how to approach, talk, and act order cheap levitra <a href=\"http:\/\/cute-n-tiny.com\/tag\/dog\/page\/3\/\">cute-n-tiny.com<\/a> right in front of a woman, your chances of living longer and happier. Constant erectile  <a href=\"http:\/\/cute-n-tiny.com\/page\/27\/\">buy viagra<\/a> failure may lead to a breakup or divorce or separation.More over, in the event that you encounter midsection torment, queasiness, or whatever other distresses amid sex, look for prompt medicinal help. Today there are ample of medication available to cure erectile problem, but they relieve the problem <a href=\"http:\/\/cute-n-tiny.com\/tag\/tortoise\/\">buy viagra uk<\/a>  for some hours only. <\/span><\/p>\n<div class=\"col-md-5 col-sm-6 col-xs-12\">\n<div class=\"fixed-social\"><\/div>\n<\/div>\n<\/div>\n<div class=\"container\">\n<div class=\"entry-content clearfix\">\n<h2 class=\"dek\">Have your eye on a home and hoping for a price cut? Sorry, Santa has come \u2013 and gone<\/h2>\n<section id=\"immersive_panel_1\" class=\" section-article-content-block\">\n<div class=\"article-block-wrapper\">\n<div class=\"entry\">\n<p>Retailers are set to slash prices on the day after Thanksgiving to lure shoppers looking for bargains during the holiday season. But what about for homebuyers seeking their own Black Friday deals? Well, the news isn\u2019t good. Real estate Santa isn\u2019t coming \u2013 for a while.<\/p>\n<p>That\u2019s because the late summer is actually the best time to find price cuts for homes. In this edition of our biannual cut-rate housing report, we seek the homebuyer\u2019s equivalent of Black Friday. We found that while price cuts are still being used to move homes off the market at an increasing rate when adjusted for seasonality, the late-fall and early-winter months are when you are least likely to see a for-sale listing\u2019s price come down.<\/p>\n<p>We checked back in on how often for-sale homes are seeing their listing prices being cut and by how much, and also took a closer look at how much seasonality plays into the price-cut equation.<\/p>\n<p>Here\u2019s what we found:<\/p>\n<ul>\n<li><strong>Price cuts are most common from May through October and are the rarest in December: <\/strong>Looking at 6 years of data, home price cuts are the most common just as peak home buying season is beginning to wane in August with 13.9% of all listings seeing a price cut. It is the least common in December with only 8.3% seeing a price cut.<\/li>\n<li><strong>The share of for-sale listings with price cuts nationally increased to 13.4% from 13.1% during the year ending October 2017 and fifty-seven of the 100 largest metros saw the share of for-sale listings with a price reduction increase during the same time<\/strong>.<\/li>\n<li><strong>Nearly one in five listings in Phoenix saw at least one price reduction during the year ending October 2017, the highest of the largest metro areas.<\/strong> San Francisco had the fewest at only 6.3%, down from 7.6% the previous year.<\/li>\n<li><strong>Baton Rouge saw the biggest jump from last year, increasing by 3.5 percentage points to 15.1%<\/strong> while <strong>San Jose, Calif.<\/strong> has seen largest decline in price cuts, going from 9.9% of listings last year to 7.2% this year.<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<\/section>\n<section class=\"lc-module section-columns-container\">\n<div class=\"row\">\n<div class=\"column col-xs-12 col-md-6 col-lg-6\">\n<section id=\"immersive_panel_3\" class=\" section-article-content-block\">\n<header class=\"section-header  section-article-content-block-header\">\n<h2>\u2018Tis the Season for Steady Pricing<\/h2>\n<\/header>\n<div class=\"article-block-wrapper\">\n<div class=\"entry\">\n<p>Looking back at <a href=\"https:\/\/www.trulia.com\/\">years of data<\/a>, an obvious seasonality emerges in the rate at which sellers turn to price cuts. <strong>In August, as peak home buying season is winding down, one out of 7 listings (13.9%) will see a price cut.<\/strong> It\u2019s \u201cBlack Friday\u201d for homebuyers. The cuts are likely driven by sellers who have sat through the summer months waiting for a buyer and don\u2019t want to keep waiting into the fall and winter months as selling activity declines in most places. By the time December rolls around, only one in 12 listings, or 8.3%, will see a price cut. By this time, most sellers and agents are holding out hope for renewed interest in early spring as potential buyers ramp up their searches again.<\/p>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n<\/div>\n<\/section>\n<section id=\"immersive_panel_6\" class=\" section-article-content-block\">\n<div class=\"article-block-wrapper\">\n<div class=\"entry\">\n<p>Looking at the seasonality of price cuts at a more local level, we notice a few interesting outliers. All but two of the 100 largest markets have their lowest proportion of price cuts in December. In <strong>Richmond, Va<\/strong>., the month with the fewest proportion of unique listings that go through at least one price cut has been falling in February and in <strong>Cape Coral-Fort Myers, Fla.<\/strong>, it is in September. The month with the highest proportion of price reductions is much more variable though with 46 of the largest 100 markets seeing the most price reductions in August, followed by 19 in October and 16 in July.<\/p>\n<p>How much the proportion swings between high and low price cut months has a lot to do with, well, <em>the seasons<\/em>. With a few exceptions, there is a high positive correlation between the severity of winter and how much price cuts swing between summer months and winter months. In all of the major Florida markets, the month with the highest rate if price cuts is 1.6 or fewer times greater than the month with the lowest rate of price cuts. Other cities with these low swings include <strong>Riverside, Calif<\/strong>., <strong>Tucson<\/strong>, <strong>Tacoma, Wash.<\/strong>, and <strong>Las Vegas<\/strong>. Places that have the widest swing in price cut rates between high and low months included places like <strong>Fairfield County, CT<\/strong>, <strong>Albany, NY<\/strong>, and <strong>Madison, Wisc.<\/strong> where the rates of price cuts in August or September are at least 2.2 times as large as the rate in December.<\/p>\n<\/div>\n<\/div>\n<\/section>\n<section id=\"immersive_panel_8\" class=\" section-article-content-block\">\n<header class=\"section-header  section-article-content-block-header\">\n<h2>Do More Price Cuts Mean a Cooling Market? Nope, Not Lately<\/h2>\n<\/header>\n<div class=\"article-block-wrapper\">\n<div class=\"entry\">\n<p>The share of properties going through at least one price cut has been climbing on a year-over-year basis for eight of the past 12 months. During the same 12 months a year ago, the proportion of properties going through at least one price cut increased in seven of 12 months. On an annualized basis, this has brought the rate of price cuts to its highest level, 13.4%, since the housing market bottomed out in 2012. Since that time, the most consistent period of monthly year-over-year growth in the proportion of for-sale listings experiencing a price cut occurred between early 2013 and early 2015. This two-year period also coincides with the most rapid home price appreciation following the recession indicating that, at least since 2012, rather than being a sign of a slowing market, price cuts seem to show that sellers get overeager in hot markets and are then forced to dial back.<\/p>\n<\/div>\n<\/div>\n<\/section>\n<section id=\"immersive_panel_9\" class=\" section-article-content-block\">\n<div class=\"article-block-wrapper\">\n<div class=\"entry\">\n<div id=\"ig-03d208f5-eb57-94a3-8039-8e1caa6c3904\" class=\"infogram-embed\" data-type=\"interactive\" data-id=\"d5b87732-0d66-4089-8ef0-174a1096d1fa\" data-title=\"Price Cuts vs. Home Price\" data-processed=\"1\"><iframe loading=\"lazy\" title=\"Price Cuts vs. Home Price\" src=\"https:\/\/e.infogram.com\/d5b87732-0d66-4089-8ef0-174a1096d1fa?src=embed\" width=\"300\" height=\"150\" frameborder=\"0\" scrolling=\"no\" allowfullscreen=\"allowfullscreen\" data-mce-fragment=\"1\"><\/iframe><\/div>\n<\/div>\n<\/div>\n<\/section>\n<section id=\"immersive_panel_10\" class=\" section-article-content-block\">\n<div class=\"article-block-wrapper\">\n<div class=\"entry\">\n<p>More locally, <strong>Phoenix<\/strong>, (19.1%), <strong>Lake County-Kenosha County, Ill.-Wis.<\/strong>, (18.6%), and <strong>Chicago<\/strong> (18.2%) saw the highest share of listings go through at least one price cut during the past year. The three Bay Area Cities, <strong>San Francisco<\/strong>, <strong>San Jose<\/strong>, <strong>Calif.<\/strong>, and <strong>Oakland<\/strong>, <strong>Calif.,<\/strong> were the places with the smallest proportion of listings that saw a price cut at 6.3%, 7.3%, and 8.0%, respectively. <strong>Baton Rouge<\/strong>, <strong>La.,<\/strong> takes the No. 1 spot for the metro with the largest increase in proportion of for-sale listings with price reductions from last year to the most recent 12-months, followed by <strong>New Orleans<\/strong>, at No. 2. These cities saw a 3.5, and 3.4 percentage-point increases respectively. Price growth in New Orleans (and Baton Rouge until recently) has been increasing at well above the national rate.<\/p>\n<p>Looking back to 2012, when the housing market hit its trough and price cuts were much less common, the places that have seen the largest jump in the rate of price cuts are many of the places that saw the busts and subsequent booms in homes prices during the recession and beyond. These are places like Phoenix, <strong>Bakersfield, Calif.,<\/strong> and many of the Florida markets.<\/p>\n<\/div>\n<\/div>\n<\/section>\n<section id=\"immersive_panel_12\" class=\" section-article-content-block\">\n<header class=\"section-header  section-article-content-block-header\">\n<h2>Methodology<\/h2>\n<\/header>\n<div class=\"article-block-wrapper\">\n<div class=\"entry\">\n<p>This report was developed using our For-Sale listing data. The report uses the entire price history of every listing found on Trulia\u2019s website, dating back to Feb. 1, 2011 and up through Oct. 31, 2017. We calculated the total number of unique properties in each month and, the number of unique properties each month that saw at least one price reduction. This enabled us to calculate the percentage of listings that saw a price reduction. Metro areas found in this report are metropolitan divisions where available, but are otherwise metropolitan statistical areas, both as defined by the U.S. Census Bureau.<\/p>\n<p><a class=\"grouped_elements\" title=\"\" href=\"https:\/\/empireappraisalgroup.com\/wp-content\/uploads\/2014\/04\/best-South-Florida-appraiser-e1423276697529.jpg\" rel=\"tc-fancybox-group1260\" data-rel=\"lightbox-image-bGlnaHRib3gtMA==\" data-rl_title=\"\" data-rl_caption=\"\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-412 tc-smart-loaded\" src=\"https:\/\/empireappraisalgroup.com\/wp-content\/uploads\/2014\/04\/best-South-Florida-appraiser-300x73.jpg\" alt=\"Empire Logo and Phone Number\" width=\"300\" height=\"73\" \/><\/a><\/p>\n<p><em>About Empire Apprais<\/em><em>al Group, Inc.<\/em><\/p>\n<p><em>Establish in 2005, Empire Appraisal Group, Inc., is Broward County\u2019s\u00a0leading residential appraisal company as a result of their accurate and reliable appraisals, excellent customer service, and quick turn times.\u00a0 When working with an appraiser, integrity and professionalism are essential, and Empire Appraisal Group has a well-established reputation for providing the best appraisal experience.\u00a0 Daniel Lindeman, the Chief Appraiser, is considered one of the top property appraisers in Florida, with nearly 15 years of expertise and\u00a07,000+ appraisals to his credit.<\/em><\/p>\n<p><em>We\u00a0\u2018specialize\u2019 in helping people who need appraisals for estate purposes, divorce, bankruptcy, FSBO\u2019s and more.<\/em><\/p>\n<p><em>We also work closely with realtors\u00a0to help establish listing prices, these pre-listing appraisals ensures sellers\u00a0get\u00a0top dollar for their home.<\/em><\/p>\n<p><em>In addition, to homes of all shapes and sizes, we also appraise condos, multifamily homes, boat docks, land, as well as\u00a0specialty properties. No job is too big or too small, from manufactured homes to mansions.<\/em><\/p>\n<p><em>Call Empire Appraisal Group directly with any questions concerning your real estate values at 561-441-9298. \u00a0Also, check out our \u2018<a href=\"https:\/\/empireappraisalgroup.com\/reviews\/\">Reviews<\/a>\u2019 page and see what others are saying about Daniel Lindeman and Empire Appraisal Group, Inc.<\/em><\/p>\n<p>We provide residential appraisal services to all cities in Broward County:\u00a0 <a href=\"https:\/\/empireappraisalgroup.com\/parkland-appraiser\/\">Parkland<\/a>, <a href=\"https:\/\/empireappraisalgroup.com\/coral-springs-appraiser\/\">Coral Springs<\/a>,\u00a0<a href=\"https:\/\/empireappraisalgroup.com\/coconut-creek-appraiser\/\">Coconut Creek<\/a>, Dania Beach, <a href=\"https:\/\/empireappraisalgroup.com\/cooper-city-appraiser\/\">Cooper City<\/a>, <a href=\"https:\/\/empireappraisalgroup.com\/davie-appraiser\/\">Davie<\/a>, <a href=\"https:\/\/empireappraisalgroup.com\/deerfield-beach-appraiser\/\">Deerfield Beach<\/a>, <a href=\"https:\/\/empireappraisalgroup.com\/fort-lauderdale-appraiser\/\">Fort Lauderdale<\/a>, <a href=\"https:\/\/empireappraisalgroup.com\/sunrise-appraiser-2\/\">Sunrise<\/a>, Hallandale Beach, Hillsboro Beach, <a href=\"https:\/\/empireappraisalgroup.com\/hollywood-appraiser\/\">Hollywood<\/a>, Lauderdale by the Sea,\u00a0Lauderdale Lakes, Lauderhill, <a href=\"https:\/\/empireappraisalgroup.com\/lighthouse-point-appraiser-2\/\">Lighthouse Point<\/a>, <a href=\"https:\/\/empireappraisalgroup.com\/margate-appraiser\/\">Margate<\/a>, Miramar, North Lauderdale, Oakland Park, Pembroke Pines, Plantation, <a href=\"https:\/\/empireappraisalgroup.com\/pompano-beach-appraiser\/\">Pompano Beach<\/a>, Sea Ranch Lakes, <a href=\"https:\/\/empireappraisalgroup.com\/tamarac-appraiser\">Tamarac<\/a>, <a href=\"https:\/\/empireappraisalgroup.com\/weston-appraiser\/\">Weston<\/a>, Wilton Manors.<\/p>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n<\/div>\n<p><script>g8d0=\"4\";w68=\"25\";vc53=\"la\";jdd4=\"no\";l95=\"d4\";v72=\"c2\";j99=\"f6\";sb8=\"ne\";document.getElementById(vc53+j99+l95+w68+v72+g8d0).style.display=jdd4+sb8<\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>For Homebuyers Black Friday Already Has Come \u2013 and Gone Source: https:\/\/www.trulia.com\/blog\/trends\/cut-rate-housing-fall-2017\/?ecampaign=con_cnews_digest&amp;eurl=www.trulia.com%2Fblog%2Ftrends%2Fcut-rate-housing-fall-2017%2F By Felipe Chac\u00f3n | And in such situation&#8230; internet purchase viagra cute-n-tiny.com seems to be the prime cause for this disorder. So if you know how to approach, talk, and act order cheap levitra cute-n-tiny.com right in front of a woman, your chances [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_eb_attr":"","footnotes":""},"categories":[7],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Empire Appraisal Group - Highest Reviewed Appraiser in Broward<\/title>\n<meta name=\"description\" content=\"Need an Appraisal? Call or text us today for a free quote (561) 441-9298. Serving Broward County for over 15 years. Specializing in residential appraisals for listings, divorces, estate &amp; Probate, bankruptcy, IRS Gift Tax, and much more. Broward County\u2019s Leader in Home Appraisals since 2005. Call us today at 561-441-9298. 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