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

Re-examine Cap rates on investment properties. The rules may not have change however they have become tighter. In today's environment more of a down payment is often ask. This will effect the cap rate as there is less leverage. Appreciation should only be used as "gravy" and not a given. The clean and paint philosophy can still work with the right property. Deferred maintenance should not be deferred.

With return on investment in Treasury'sand CD being very low, there would seem to add to the attractiveness of Real Estate as a safe haven. The uncertainty is hurting consumer confidence. There seems to be a infinity of crystal balls of where the Market (economy) will be and side liners waiting to get in. I do beleive that there is a more realistic approach to what a true cap rate is for Real Estate. My point  being that a few years ago 6 percent return on investment seemed dismal. How does it sound to you now.

Would like to hear your thought.

WWW.RealEstateWorkHorse.com

Kernersville Real Estate is Showing Improvement. In the past 30 days there have been only 28 closed residential Real Estate transactions in the Kernersville zip code. There is only one. There are currently 78 pending/pending AB showing on our MLS. Still showing oversupply, Kernersville Real Estate has 440 active listings for residential Real Estate. The bright spot is that the number of pending have increased. Closed real estate is the key to making the home market stabilize.  Some pending transactions numbers tend not to move to the closed side for various reasons. Kernersville residential real estate building permits are still down. This is helping in reducing the supply and therefore shorting the invetory supply time. Kernersville remains a wonderful place to live, work and/or retire. These are Triad MLS numbers and do not include sales and contract outside the MLS.

www.RealEstateWorkHorse.com

Kernersville single family homes and real estate is in a strong buyers market. As of February 23 there are 366 homes on active status with 58 on pending status. The past showed closed transaction at 17 single family homes. This is the largest percent of active to closed and pending I have seen since I have been in the real estate business. The real estate marketing of homes is dynamic there are many factors as well as motivations that go into what drives homes on the market. Also there is the price to market that would exclude homes that will if the real estate is not priced where it will appraise. Many of the homes that are over price will fall off the market as they will not sell. There are too many that are priced and in good repair that buyers have to choose from. Real estate shoppers in todays environment have instant information on what is out there and the information assoiciated with the real estate market.

www.RealEstateWorkHorse.com

www.BonnerTCR.com

The new active rain face lift is different. This is another great thing that keeps bloggers on the edge. There have been a few feature that aren't working. The user friendly things seem to be more of a user familar. I blogging and it creates a forum for learning. The quicker one becomes used to new features or procedures the longer they can be used. Learning is not always in a straight line.

Bonner