New York Times – A study underwritten by Redfin released on Wednesday seeks to compare the comprehensiveness and accuracy of real estate listings on five sites, Zillow, Trulia, Redfin and the sites of two regional real estate brokerage firms, Windermere and Long & Foster.
 
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A survey of nearly 1,000 potential home buyers conducted by Redfin across 19 metropolitan markets in the U.S. found that 46 percent of buyers believe now is a good time to buy, a decrease from the previous two quarters.  The survey also found that 32 percent of homeowners believe now is a good time to sell.

Other highlights from the survey include:

• Sixty-one percent of respondents believe prices will increase, up two quarters in a row
• Sixty-two percent said they are “very interested” in conventional sales, up from 57 percent in the second quarter and 48 percent in the first quarter
• Thirty-one percent would step back from competing against other buyers for a home, compared with 28 percent in the second quarter
• Twenty-seven percent of respondents cited general economic weakness as a concern about buying this year, up from 24 percent in the second quarter and 20 percent in the first quarter.

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Los Angeles Times – The newest problem for the slowly improving housing market isn’t a shortage of serious buyers, it’s a shortage of good homes.

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Map This Property |   Search For More Properties

$ 430,000  
 

Great Investment/Great Value. Main House: UpperLevel:2 Bedrooms, 1 Bath,1 BonusRoom Living, DiningRoom & Kitchen. Separate.Entrance Lower Level:1 Bedroom, 1 BonusRoom,Living Area, Kitchen/Eating Area. Beautiful Like Park Yard w/ Fruit Trees& Flowers. Great Buy with Plenty of Potential Income. Walking Distance to Bart, Shopping & Transportation. Easy Access to Frway 280. Large Home: 1060Sq Ft / 5000 Lot Size. 

Effective January 4, 2012, the San Francisco Association of REALTORS® MLS is revising the listing status options in the MLS. The revised statuses are designed to help practitioners better serve their clients and are reflective of both current market conditions and practices in the field. 

The new status definitions were developed after an evaluation of what surrounding MLSs in Northern California are doing, as well as an exploration of the needs in our local market(s). Recommended by the MLS committee and authorized by the SFAR Board of Directors, the new MLS statuses appear in the status list below, indicated by an asterisk.

MLS Statuses as of January 4, 2012

  *New MLS status as of January 4, 2012

Automatic MLS Status Conversions

Upon implementation of the new statuses, listings under two current MLS statuses will be converted to one of the new statuses. Below is a guide indicating which statuses will be converted to a new status.

If your listing has been converted from Active Contingent to Active Contingent – Show, and you need to change the status to one of the other active contingent statuses, you can do so by clicking on Status Information in the Revise Listing menu for your listing. Please be aware that per SFAR MLS Rules, MLS listings must be updated to reflect the correct status within 72 hours of the change.

If your listing has been converted from Withdrawn to Withdrawn – Cancel, but your listing is only temporarily off the market, you will need to contact MLS staff to change the listing to the new Temp. Off  Market status. Please send a request in writing by e-mail to mls@sfrealtors.com or by fax to 415-431-8022 to have this change made.

Additional Information

Within 3 days of accepting any offer on a listing in the MLS, the listing agent must report the sale, by marking the listing as Pending or choosing one of the four Active-Contingent statuses. Adding the new Active-Contingent statuses allows listing agents to comply with MLS rules requiring them to change the status from Active while still clearly indicating that the property is available for backup offers or overbid at a court confirmation hearing. The Active Contingent – Show status remains to allow listing agents to solicit backup offers while Buyer contingencies are still in effect. In addition to Active listings, all Active Contingent statuses are available in all IDX/VOW feeds and on Realtor.com – provided the listing agent indicates that the Seller wishes the listing to be included in the IDX and VOW program(s).

The addition of Temp. Off Market will allow listings agents to accurately communicate to cooperating brokers and agents that the listing agreement is still in effect, but the property is not being shown or marketed for a period of time. Further, the new Withdrawn-Duplicate status should be used if the listing has been entered into more than one property type, such as a 3-unit building listed as both a TIC and a multi-unit building. At the time a pending sale is reported for one of the listings, the additional listings should be reported as a Withdrawn-Duplicate listing.

SFAR hopes you find the changes useful in your business.

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