Melbourne Market Values Seldom Equal their Replacement Values

Saturday, April 16th, 2016

“Ideal” is a Shangri-La kind of a word. It’s not just because of its feel-good, pie-in-the-sky definition (“a standard of perfection or excellence”)—but because contained right there inside the word itself is a tacit admission. It’s only an idea—not something necessarily connected to concrete reality. Melbourne residents don’t come across “ideal” anything very often in […]

Melbourne Luxury Real Estate Escapes April Fool’s Day Worries

Sunday, April 10th, 2016

It looked like another chuckle-worthy April Fool’s Day dispatch: CNBC’s webcast “Is NYC luxury real estate about to go bust?” It was barely 7 in the morning on April 1—but only the most bleary-eyed Melbourne web watchers were likely to have been caught off-guard. Pranksters had already made mincemeat of the credibility Friday news dispatches […]

Melbourne Housing Market Shares Some Welcome Trends

Wednesday, March 23rd, 2016

This spring’s Melbourne housing market continues to reflect most of the trends that have held sway across much of the nation. There is good news, not-so-good news, and (happy to report) no really bad news at all. In fact, it’s the absence of threatening factors that makes our housing market a welcoming one for those […]

New Reports Help Guide Melbourne Real Estate Market Decisions

Wednesday, October 21st, 2015

  At the beginning of any month, Melbourne onlookers can find batches of fresh reports about national real estate market activity. Take October, for instance. We’ve just learned a bunch about what happened across the country. September’s numbers won’t be collected and analyzed for a while, but the fresh real estate market data for August […]

New Housing Trends May Not Surprise Melbourne Residents

Sunday, September 27th, 2015

A lot of what Melbourne readers and TV viewers see and hear can leave them with the definite impression that the nation is headed for rough sledding. Most of us do understand that the “news” is selected to get our attention…and that often results in a steady stream of headline-grabbing accidents, malfeasances, and international catastrophes […]

Melbourne Homes for Sale Get Boost from National Forecast

Tuesday, July 21st, 2015

Suppose you are a Melbourne homeowner who intends to move to a different home eventually, but for the moment, you aren’t under any particular deadline pressure that would dictate when you have to put your home on the market. In that case, you’re likely to keep tabs on overall market conditions, awaiting what looks like […]

Foreclosure Starts Continue Downward Momentum

Wednesday, July 1st, 2015

If you are one of those Melbourne homeowners who has been gladdened to see property values continuing to rebound, you have also been pleased at the steady decline in the wave of foreclosures that were part of the global financial crisis. When the subprime mortgage crisis triggered widespread financial dislocation, many homeowners felt the repercussions. […]

Pet Lovers’ Concerns Impact Melbourne Real Estate Activity

Friday, June 19th, 2015

Melbourne residents don’t have to be pet owners to get a sense of just how nutty Americans are about our animals. Just a few minutes of watching TV will do it. After you’ve been bombarded with the images of happy/sad/exuberant/listless cats and dogs who are saved/rewarded by the pet products in the commercials, you won’t […]

Week’s Housing News Included a Tuesday Surprise

Friday, June 5th, 2015

With Melbourne’s housing news behaving pretty much in line with the rest of the nation’s—that is, exactly as expected for a brisk spring selling season—you don’t usually expect to see much eye-catching housing news in the national press. That’s why last week’s USA Today Money section’s front page story was interesting. Inside, there was more, […]

Putting Melbourne Real Estate Prices in Perspective

Tuesday, June 2nd, 2015

Whenever you are getting ready to buy or sell a residence, taking the temperature of the local housing market is part of how you prepare to engage. When Melbourne real estate prices are on the rise, bargain hunters know they’ll have to scramble. When Melbourne real estate prices are flat or on the downturn, spotting […]