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real estate future: The Market Has Turned Upward - Read About The Data - 04/05/12 02:01 PM
Well, it may have arrived before you planned, but the market has turned. Not only are people in almost every area of the country talking about higher volume, but the data back up their talk. Of course there are some areas still in the trough, and many sellers are still selling at below what they purchased properties for, but the numbers are in.
According an article on the NAR (National Association of Realtors) web site, "Investment and Vacation Home Sales Surge in 2011". Well it seems that investment and vacation home sales indicate that someone has some money. Maybe it is just … (0 comments)
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real estate future: Warren Buffet Says The Real Estate Market Has Bottomed! - 02/28/12 10:16 AM
Well, almost. Yesterday he actually said in a CNBC interview that he would buy houses by the hand-full. So if you have been sitting on the fence, or if you know someone who has been waiting to know if the real estate market has hit bottom, send them to read the transcript or watch the video of the interview.
Buffett says that real estate is a better place to put money than other investments. "I would say the single-family homes are cheap now," says Buffett to Becky Quick. He goes on to say, "I had a way of buying a couple … (4 comments)
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real estate future: Are You Listening OR Telling? - 06/27/11 11:20 AM
Here on Cape Cod we do mostly accompanied showings. Lock boxes are not very common, so we often view a property with the listing agent/broker. The experience of the listing agnet/broker makes a difference how the property is shown.
There are some who show berdooms, baths, deck, and kitchen. But those who are actuall selling real estate (what I call ASRs) are asking what the buyer is looking for before the showing, highlighting those things, and also listening while at the showing to identify other desires that could be highlighted.
Rather than focusing on the property being sold, there should be … (6 comments)
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real estate future: The Bottom Of The Real Estate Market Is June 2011! - 06/20/11 08:01 PM
That is a pretty big title. There better be data to support it. So is data from Harvard good enough?
Harvard has produced a report that indicates that the bottom is here. Realtor.org Magazine has an article this month that says 16 million housing units are needed to meet housing needs in the next ten years. This will be a faster pace than the decade leading up to the latest bust. So where can the report be found?
Here's the report: http://www.jchs.harvard.edu/publications/markets/son2011/son2011.pdf
So why does one report indicate The Bottom Of The Real Estate Market!? If the growth forecasted is realistic, … (0 comments)
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real estate future: How to Tell When The Real Estate Market Has Hit Bottom - 06/05/11 03:15 PM
The simple answer is: Read what the people with money are reading. Follow what the people with money are doing.
The bottom of a real estate market is usually apparent only when things are already headed back up. Because the data reporting is for closed transactions, there is a lot of activity occuring before the supporting data can be identified. By the time most people can identify the bottom, the swing has already happened.
There is an article in Saturday's Wall Street journal titled, " It It Time To Buy? " In the article, RUTH SIMON and JESSICA SILVER-GREENBERG write about … (0 comments)
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real estate future: If You Are Selling And Then Buying - Read This - 04/14/11 03:46 PM
If you are Selling, NOW is the time. Many sellers are thinking that they should get "their price" before they agree to sell. But money is made in real estate when you buy AND BUYERS KNOW THIS. Sellers do to, but they seem to forget it when they are on the sell side of a transaction.
Sellers - if you want to be on the Buy Side, SELL now and get there. Stop disagreeing with the down market. When you are a buyer, are you going to buy at a certain price because the seller wants it, or are you going … (1 comments)
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real estate future: Mortgage Interest Rate Deduction Is Going To Disappear! - 04/04/11 08:55 PM
If you don't act to save it! The MID or Mortgage Interest Rate Deduction is in danger of being voted into history. The economic recovery depends in large measure on recovery in the housing market. To preserve the MID, urge your reps in Washington to oppose any legislation that would undermine it.
You can use the Realtor Call To Action page. This is a link to the Realtor Call To Action page for saving and protecting the MID. This has a brief form that allows you to send an email to your rep asap.
If you own a home, does the MID help … (6 comments)
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real estate future: It Is Time To Learn What A Bank Buyback Is. - 11/09/10 06:38 PM
The latest term in the real estate mortgage meltdown is Bank Buyback. The quick explanation is: when the FHFA (Federal Housing Finance Agency) says that if a mortgage file has some flaws, mistakes, and/or improprieties, the originating entity must "buy it back." Thus, the bank, mortgage company, and even the originator could be asked/forced to buy back a loan that was funded because of improper underwriting and/or faulty documentation.
This has huge economic ramifications. Imagine if those banks that sold loans to the secondary market are asked to buy back many of those loans. Some of the major "lenders" have financial … (0 comments)
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real estate future: Is Stock Selling Preceding Real Estate Buying?! - 11/08/10 11:00 AM
The election is over. Business planners can forecast the next two years better than they have for some time. Real estate values all over the country are lower than they have been in years. Interest rates are lower than they have been since Eisenhower was President.
When I look at the stock market and I see the selling of stocks, when I read that savings are historically high, and when I see my real estate market moving faster than it has in years, I am excited by the possibilities.
Is the selling of stock preceding increased real estate buying?! While we continue to … (1 comments)
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real estate future: All Listings Are Not Actually For Sale Or Rent - Look AND Verify! - 06/10/10 11:44 AM
I just read a post on ActiveRain that had over 70 comments when I wrote mine. A recent buyer had requested that an agent remove all listing information on the Internet relative to the property that was bought. This raised a few ideas, issues, and concerns.
The part that I like is the confusion this causes. Why? Because it means that people need to talk to me again to make sure what they are looking at is actually for sale. Many of the "most visited" sites only use listings to get traffic so their ads will be clicked - they don't … (2 comments)
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real estate future: So ... You Think You Know The Market? - 05/19/10 05:55 PM
I just read a blog post by an agent in NYC that could be written by any experienced agent or broker in the US. The question posed as a problem is, "Do you know the market, if you know what the sale price of a property was?" She writes a personal explanation of her experience.
Experienced agents and brokers across the country face this topic every day. We all deal with it. It does seem that there is a trend by smart consumers to utilize an experienced professional. Experienced agents and brokers can explain, verify, and identify properties that truly meet a consumers interest much faster and … (5 comments)
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real estate future: Who Are The New Buyers, "The NEOs", The New Affluent Buyer? - 05/12/10 08:45 AM
As in all economies, studies are being produced that work hard at identifying who is buying, and how are they thinking. There is a new designation of buyer. They are called NEOs or the New Affluent. Are you one? Are you working with any?
The new affluent buyers are content with who they are, and not dependent on who their parents were. They research and accept useful pointers from experienced full-time professionals in any area they are making decisions in. They understand that the Internet is full of mis-information and sales tactics.
They prefer verifiable information, prefer to benefit from the experience of … (4 comments)
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real estate future: Landlords Are Looking At Tenants' Social Media Posts And Tags - 05/07/10 11:12 AM
The latest verification strategy for landlords is to search social media sites for information and pictures about tenants. Social media sites are a source of what people are like at home, work, and play. Many people place pictures that help describe their lifestyle, interests, and hobbies.
There are many examples of how social media pictures and posts have changed celebrity endorsements and public impressions for many publicly notable people. That has evolved into tech savvy landlords researching their prospective tenants to see what social media sites display. Sometimes the info is reassuring and sometimes it is enlightening.
If you are a … (4 comments)
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real estate future: Sellers NEED A Pre-Inspection! - 04/18/10 12:30 PM
Why? Because buyers today are very prepared with values. When they enter a property they are well versed in what is available in their target range.
So how does a pre-inspection help? It points out what the negotiation points of a property are to the homeowner before the property is shown or an offer is made. With an inspection complete, the seller can get estimates, prepare negotiation strategies, and even fix a few things.
Why would a buyer care? First, it indicates the seller's care to the buyer. Many sellers just wait to see what a buyer's inspection will "uncover". Sellers … (3 comments)
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real estate future: Code Inspections Before Closing! - 01/21/10 04:20 PM
One more reason to use a real estate professional when looking at property - is that multi-family approved or not?
I just read a case in Illinois where sellers had been delayed from closing on their homes because the city had not inspected the homes for code violations. Yep, there is a new local law in that town that says the town inspector has to pass on the property before it can close. I understand the idea, but the application seems arbitrary.
This local ordinance applies to current sales. That means that if you own a property, you can't sell it … (0 comments)
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real estate future: How Does Scott Brown Affect Real Estate? BUY NOW And Avoid The Rush! - 01/20/10 06:52 AM
Companies and businesses have been watching for the predictors that will help them make economic decisions. They will now watch for both the reactions of Congressmen and for the reaction of people in other states. When Congressmen start voting on their own, companies and businesses will gain confidence in the predictors.
When people begin to vote on the Candidate and not the party, companies and businesses will gain confidence in the predictors. When companies and businesses gain confidence in the predictors, they make buying decisions. When financial planners can foresee future tax structures and expenses, they advise in favor of buying decisions. When … (2 comments)
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real estate future: R U having Trouble With Indy M ac?... Court Cancels This Loan - 12/06/09 05:17 PM
There was a legal case in New York recently that, although unique in some of its merits, opens the door to a public discussion. The case contains legalese and a clouded view of the problems with the current Owner of a loan/Servicer of a loan/Borrower triangle. But there are some interesting, discussable points that result in the debt being discharged.
In the case linked below, a borrower has made repeated efforts to make arrangements to work out the debt she owes. The Court also tries to get the servicing company to meet and negotiate a resolution to the debt. In the end, however, the servicer is … (1 comments)
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real estate future: ACORN Could Be Regulating National Banks Soon. What? - 11/01/09 12:53 PM
There is a bill in Congress that appears to be intended to create more extensive power for the president. It would establish a new Consumer Financial Protection Agency under the executive branch, with the authority to oversee, review, and police consumer protection laws for financial products and institutions.
The agency's jurisdiction for reviewing financial matters would include mortgages, credit cards, student loans, auto loans, payday loans, and more. It is sponsored by, Mr. Fixit, Barney Frank. There's an interesting kicker in the amendments.
Some who keep a watch on bills in Congress have concluded that a recent ammendment would provide for the appointment of board members from groups like … (7 comments)
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real estate future: Hollywood East Suggests NEW Businesses for MA! (Joe DiLorenzo) - 10/26/09 09:16 AM
When asked what other businesses MA needs to support the studios at Plymouth Rock, he has more than a few suggestions. This is good news for the Massachusetts economy! There are about 2000 initial jobs being created by the construction of the studio. Other businesses have opportunity for growth and development similar to the growth and development of the studios themselves. (By the way, they use a question I contributed, in the interview!)
He mentions CGI, pre and post production companies, and even more sound stages in other parts of the state. The video below mentions Joe's background financial background with … (2 comments)
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real estate future: More people are using social media than are viewing porn! - 10/14/09 03:04 PM
Here are some factoids that are seen in the youtube videos of TeacherTube . How many do you think are fact and how many are not?
Generation Y will out number Baby Boomers in 2010.96% of them are in at least one "social network" already.More people are using social media than are viewing porn.12.5% of couples married in America last year met through "social media."Radio took 38 years to attain 50 million users.TV - 15 years.Internet - 4 years.IPod - 3 years.Facebook - less than 9 monthsIPod Apps - 1 billion downloaded in 9 monthsThere are more Facebook accounts than there are … (3 comments)
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Falmouth MA Cape Cod Heath Coker
Falmouth,
MA
More about me…
http://www.CapeGroup.com & http://www.REindex.com
Address: 279 Main St, Skype: heath.coker, Falmouth, MA, 02540
Office Phone: (508) 508-9800 x 328
Cell Phone: (508) 274-5613
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