Keep IDX information current will be a chalenge going forward. With the matrix of feeds and downloads there seems to be a weekly call that has a customer asking about a property that is no longer active. As an industry there hopefully will be a calming of the numbers of feeds and a criteria for the way it is updated. Many sites are multi tasking and have little or no experience with the local market. There seems to be a need for a balance of sharing information and sharing the correct information.

Will the Federal resrve run out of money to buy to buy mortgages or just print more paper. This at least is keeping the industry up that was the the breaking point for the economy domino that is on us. These mortgage yield something for the Fed. especially when they are distributing " " printing money to industries that have major flaws in staying afloat. Are they to big to fell or is there greed involve and to much lobbying. At some point the Fed will slow down and the institutions will see the benefit of the secondary mortgage bond market,especially with the loan criteria beung more sound.

Bonner

Kernersville Real is probably like it is in a lot of places in America. There is limited new construction with few or none new subdivisions being started. Many projects that are in the works are on hold. Kernersville has had it share of REO properties. Not the house after house the is seen in some places. Kernersville real estate values have seem to hold at par or slightly below.

Kernersville is in the middle of North Carolina a few hours to both the beach and mountains. Businesses and industry is treading water. There seems to be a lot of activey and the area will do well as there is alot of diversity of economics. The real estate statistics of Kernersville have little luster as I pulled them and show an increase in pending real estate contract.Most likely due to the tax credit that was end in November.

Learn more about Kernersville at www.RealEstateWorkHorse.com

Today my 2010 refrigerator calenders arrived. For the next two weeks I expect my office to be a mess.Happens every year. This is multi tasking at its best. Update data base. Create new marketing ideas. Add to business plan. Do the personal touches.

With the Real Estate WorkHorse logo                 It opens up the the opportunity to be top of mind. Each year I use a different picture for the calenders ( because of the feedback I get from SOI).

This year symbolizes the new beginng in the economy and industry. Take a look and give me your feed back.

www.RealEstateWorkHorse.com 

FHA approved condo seem to be the source of business for over the last couple of months. One has got me stump. Through tracking down the approved list, the complex had seven condo ID's. With the legal description the building was on the list. Now I hear through Sidus that the may not be on the approved list. Has any one ever seen anything like this before.

It seems that Fannie has become so overwelmed that they cannot keep up.

www.BonnerTCR.com

I happened to catch a snippet of the news yesterday and saw that the 119th bank had failed this year. (This may be old news). There are probably some of these that needed to go under as the greed and lack of conservative practices seemed to in the mix this century.

It came to mind, what ever happened to forbearance. That is to to relaxes to percent of reserves that is required. With home equity slipping, there is only a loss when the property is sold or foreclosed on. America is still a great nation with hard working mortgage paying people. The suggestion is not to an accross the board lowering of the reserve requirement, but to put a sense of common sense in the formula. Banks are lending very little now. They stand to make huge profits over time. It seems they want mercy for them and justices for their clients. Stay tune for a slow recovrey.

www.BonnerTCR.com

I have been using www.ListingBook.com  for a number of years. It began in the Triad area of North Carolina and is now going national with a few MLS systems. This has been a wonderful tool in that it allows the interaction with customers and clients that is needed in today's business and budget constraints. It does not replace the human touch and has a welcome addition to the human touch. By allowing a streamline approach to the home search, the website gives enough information for buyers (and sellers) to make informed choices in which homes to view.

There is new feature coming that will allow a seller to have both an info account for their home on the market and to search for the next home they are going to purchase- GREAT NEWS

Please let me know how you like the site or if you don't have it in your MLS.

http:www.BonnerTCR.com

The tell of two appraisals came to mind with a closing that had a appraisal come in low. In being able get information from another (recently closed sale in the same neighborhood). the comparables were given different adjustments. One for the good (+) and one for the bad (-). They were new and the builder was finishing the project in the first quarter of '09.

 Comparing this to the book "The Tell of Two Cities" I begin wonder about the analogies. Are we in the midst of sweeping changes that will have unintended consequences. History often does not completely repeat itself, but most certainly rhymes.

Share your appraisal story and how this fits into the Analogy of this classic.

           www.BonnerTCR.com

Generating website leads has always been a mainstay of the www.RealEstateWorkHorse.com  busines. I currently have four websites. Two of which are with homes dot com and have decided to reduce it to one.

The question I need help with is the both Real Estate Workhorse  

and www.BonnerTCR.com (the original site that gets the most visit) are indexed. The REWH name is more descriptive. My concern is that by changing the redirect to the orginal site will sandbox ( or blacklist) because of the unknown rules by spiders.

What do you Think????

The Buyers Credit Deadline is approaching as trick or treat draws near. Escrow or contract times generally are around 30 days for homes and with the moving target of loans plenty of lead time is needed.

For homes in Kernersville NC there are 441 Active Listings with 113 Pending. There have been 43 closed homes in the past 30 days. This shows an increase in home contacts for this area and a larger than normal ratio of active to pending homes.

As crunch time draws near for buyers of homes there is a sense of conservatism brought on by fears of lay offs inflation and media scares. The response is a generic one of everyone needs a place to live and the discipline of fiscal responsibility is always good to practice.

Kernersville remains a great place to live, work and own homes.

Visit Kernersville NC for additional information at www.RealEstateWorkHorse.com or www.BonnerTCR.com