Tag Archives: Trulia

1 in 3 Buyers Would Bid Above Asking Price

One in 3 buyers are willing to bid higher than a home’s asking price, according to a survey conducted by Trulia in partnership with Harris Interactive.

money-house-720536That was just one of several other findings of the survey that appear to show that homebuyers are feeling the squeeze of market conditions that are significantly altered from those of a year ago. At the same time, they capture improved sentiment towards the housing market.

Today’s tight home inventory appears to be pushing some buyers to use aggressive tactics to beat out competing buyers, the survey found. In addition to a third of buyers being willing to make above-market offers, 1 in 4 said that they would offer to pay a seller’s closing costs.

“Tight inventory means slim pickings for buyers. Even though inventory is starting to expand, and rising home prices should bring more for-sale homes onto the market, people who actually want to buy within the next year are feeling the pressure of competing buyers and limited inventory,” wrote Trulia Chief Economist Jed Kolko in blog post about the survey.

Also seemingly a symptom of today’s limited housing stock, homebuyers who plan to buy within the next year said that finding a home that they like is their biggest worry.

And highlighting two other defining characteristics of today’s market, consumers who said they might buy someday indicated that their two greatest fears were that mortgage rates and home prices would rise further.

But in a sign that people’s attitudes towards homeownership have recovered significantly since the downturn, 60 percent of respondents said that they thought homeownership is one of the best long-term investments they could make, up from 47 percent two years ago.

San Diego MLS fights for Zillow, Trulia exposure

 Agency wants agents’ info to be listed prominently on popular search sites

Article by U~T San Diego here: “San Diego MLS fights for Zillow, Trulia exposure“.  This story was updated Wednesday Feb. 8 with additional comments from a real estate syndicator and housing search sites.

Sandicor - MLSA debate over listing data continues between real estate brokers and websites like Zillow and Trulia as the San Diego region’s Multiple Listing Service seeks to control content to outside parties.

Sandicor, the county’s MLS, has added a text field to its listings that allows members to enter contact information, including names, email addresses and brokerage websites. The information, along with the usual listing data, would be disseminated by syndication websites such as ListHub and Point2, which are sources of information for popular real estate sites.

The main idea is that the contact information in the extra field would be displayed prominently for home hunters to see, nixing any confusion over the listing agent and an agent who is advertising on Trulia or Zillow.

The change, in the works since October, follows last week’s heated discussion after a San Diego brokerage cut ties with those two real estate behemoths.

“I think it will be clear to consumers if they want to contact the listing agent, they can,” Sandicor CEO Ray Ewing said. “If not, they can contact others who have ads around (the listings.) We give them the choice.”

Real estate brokers, who can opt-out of filling out the new field, also will benefit because the extra information will help drive traffic back to their websites, Ewing added.

It is believed Sandicor is the first MLS to make such a system change, Ewing said…

Want to read more about Sandicor’s latest change? Visit MLS Fights Back for Its Brokers, a blog from a real estate IT consulting firm.

Read more from this article by U~T San Diego here: “San Diego MLS fights for Zillow, Trulia exposure“. 

What do you think about this issue?  Obviously, this move to my local MLS, Sandicor, affects me–in that my listings have less visibility online.  But it does affect me on the flip side, with Zillow and Trulia not allowing my contact information to show up on my own listings.