Archives: March 2012

MRIS Statistics Alert: February 2012

Real Estate Business Intelligence & MRIS  recently posted its February 2012 statistics, you can see the table summary below: Statistic Values YoY MoM Total Sold Dollar Volume $92,626,037 +32.65% +35.9% Closed Sales 171 +26.67% +40.16% Median Sold Price $480,000 +8.72% -6.52% Avg Sold Price $541,673 +4.73% -3.04% Avg Days on Market 78 days +9.86% +1.3% Avg […]

Washington Business Journal States Housing Affordability: An All-Time High

Washington Business Journal recently  posted an article discussing the housing affordability being at an all-time high, “highest affordability index since the Washington-based trade group began keeping track in 1970.” For January 2012, the measure was listed at an index reading of 206.1. It is calculated by combining housing prices with household incomes and mortgage rates. If  the  […]

Warren Buffett & The Real Estate Market

 Warren Buffett recently appeared on CNBC’s Squawk Box and during his interview, he was asked about the current real estate market and whether or not he felt that, right  now, was the time to buy.  His response was “if I had a way of buying a couple hundred thousand single-family homes I would load up […]