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real estate market: 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)
real estate market: Why We Might Be At The Bottom Of This Real Estate Crunch - 01/22/12 11:30 AM
I read an article this week about how the median price in the US is rising again. That caused me to look at Barnstable County to see if that is the case here. Here is what I found. For Barnstable CountySingle Family Homes onlyOct 2010 to Dec 2012Date 10/10 11/10 12/10 1/11 2/11 3/11 4/11 5/11 6/11 7/11 8/11 9/11 10/11 11/11 12/11 Median Price $ 350 324 346 358 317 305 332 346 319 320 328 344 331 328 335 For Barnstable CountySingle Family Homes only1999 to 2012Date 12/99 12/00 12/01 12/02 12/03 12/04 12/05 12/06 12/07 12/08 12/09 12/10 12/11 Median (4 comments)
real estate market: How many Non-MLS agents in your town? - 05/08/09 10:06 AM
There are over two millon real estate licenses in the United States. Across the country, less that half of those licensees are in ANY MLS. In my town there are more than a few that are not in any MLS. The big aggregating sites would have the public believe that "all the listings" are on their pages. In fact, that is not so. In order to learn about a real estate market, you need to find the agents and brokers that are working in that market. Customers are like first year agents who are madly trying to learn their market area. But, they (5 comments)
real estate market: Top States For Real Estate Searches in April - 05/07/09 06:03 AM
The Top Ten States list is an indication of future real estate interest. Because most people are now using the Internet for 2 to 3 months before they talk to any agent or broker, this list is a good indicator of places that future real estate activity will occur. When you know where people are spending their time studying property and market information, you can plan your lending packages, your inspection marketing, your buyer marketing pushes, etc. Supporting data from the government's"Housing Price Indicator" shows that the bottom may have been reached last November (2008). Nationally, February pricing data shows that prices in (5 comments)
real estate market: The Tax Credit Might Be A Loan, Or Not - 03/21/09 03:41 PM
The tax incentive for buying real estate has made it out to the public. It is a credit or a loan. It has to be paid back, or not. It can used in 2008, 2009, or both. Simply put, it may or may not, you can or can not, you do or you do not, maybe. If you didn't own a house for three years prior to the closing date of your new property, you get to claim either the credit or the loan, but not both. You get the loan if you took ownership in 2008. You get the credit (6 comments)
real estate market: Is Illinois being scanned for real estate deals!? - 03/06/09 02:38 PM
Whats all the noise in Illinois about? It isn't just hooting and hollering over the prez connections. Either there are some deals in them thar cities, or there are a lot of people following the Blagojevich story! With more people living in the city of Chicago than live in the six states in New Englandput together, you might not ask why Illinois real estate is attracting attention. Did you know they are working toward being chosen to host the 2016 Summer Olympics? Or that the Chicago Cubs won a lot of games last year, actually more than any other baseball team. Of (0 comments)
real estate market: Florida Real Estate Searches Lead - 03/03/09 12:45 PM
In the month of February, Florida was the most often searched state for real estate on REindex.com. It hasn't been unusual for Florida property seekers to push the state into the top ten in the past because of the shear number of towns in the state. In the month of February, the size of the state was not as important as the number of searches. Florida was 14th in the total number of real estate searches on the REindex.com pages, but when the number of searches is adjusted by the number of cities searched, Florida was number one. The time of (0 comments)
real estate market: Where Were People Searching For Real Estate in January 2009? - 02/03/09 09:28 AM
Where were people searching for real estate in January? Well that depends on whether you look at the total number of searches for real estate, or if you look at the number of searches adjusted for the number of towns a state has to attract those searches. States with more towns and places to live will get more searches as a whole. But, when you look at all searches coupled with how many towns in that state could attract those searches, the size of a state has a different impact. The states in the weighted search also provide some interesting places (2 comments)
real estate market: Here's A Link To a "Fair Market Rent Calculator" provided by HUD - 01/22/09 02:44 PM
Real Estate investors ask "How much could this rent for?" and tenants ask "Is this a fair rent?" Well I found a government website that takes the liability off of us brokers. It can be found in the mish-mash of HUD web sites and information. For my area it is pretty accurate. Rents here are between $700 and $1500 a month year round, depending on bedrooms and location. With more waterfront that any other town in the country, Falmouth has some good locations. Real estate in Falmouth MA can be rented by the week in the summer and by the month (10 comments)
real estate market: Is the Doom Forecast for New York Real Estate Well Founded? - 01/20/09 02:16 PM
There are real estate articles beginning to circulate that New York is in for one of the biggest declines in real estate values they've seen in decades. Hold on! Before you chime in on the negativity with, "Well what were they expecting with condos selling in the millions," or "Of course with the wall street mess...," or what ever your chime in is, there may be an alternative, and even may be alternatives - plural. Of course those alternatives are dependent on some large ifs. Fortunately for the New York real estate market many of those ifs may turn into actual solutions. (5 comments)
real estate market: Major Franchise Is Stopping TV Ads Means More Competition for Search Results - 01/14/09 10:59 AM
I read in one of the emails I get in my junk box that one of the larger real estate franchises is slowing and possibly stopping their advertising on TV. That is an interesting re-allocation of funds. Their focus will now be on the promotion of their brand on the Internet. What does it mean to us non-franchisees? It means our real estate marketing on-line will become even more complex anddifficult. With the deep pockets of the franchises, out SEO (search engine optimization) will be even more important. Niche keywords and excellent content are even more imperative. If you are an (9 comments)
real estate market: Download Suzi Orman's new book for a limited time - Free. - 01/08/09 12:19 PM
I just got notice of Suzi Orman's new book about what she thinks happened in the US real estate business/industry, and how we should think now. You can download it free for a limited time in .pdf formatting. It only has 227 pages and is a pretty fast download if you aren't still on dial up. (Is anyone?) Maybe there are some items we can quote in our blogs that are positive! She says she wrote it fast so people can keep what they still have. I will probably read it tonight. Happy listing and selling! Here's the link http://media.oprah.com/sterm/action_plan_english.pdf (Update: 1/14/09 I (18 comments)
real estate market: Here's where "they" searched for real estate in December 2008 - 01/08/09 10:04 AM
In December 2008, while reporting of the demise of real estate continues in the media, there is still a lot of activity in real estate markets across the country. At REindex.com, (pronounced Are-ee-index) we have started publishing reports of where our site visitors are looking at real estate. The following is information that real estate buyers, sellers, and investors will find interesting. The top states searched on REindex.com in December were: New York, Illinois, Texas, Ohio, Missouri, Iowa, California, Pennsylvania, Michigan, and Virginia. These states were searched most often on REindex.com. Each town in every state has a separate page on (4 comments)
real estate market: Coming tomorrow! Can you guess where? - 01/02/09 11:55 AM
Tomorrow I will be posting the stats for where people were searching for real estate. Every month I post the top ten states that are searched for real estate on REindex.com. Where do you think most people are searching for real estate? In the past I have been surprised by the places that showed up on the list. For example in the height of foreclosures, Michigan showed up. What I found out through research was that solvent buyers were looking for foreclosure deals. When Michigan appeared another time, I found it was due to the efforts of the state's economic development (7 comments)
real estate market: A visual "chart" of the mortgage meltdown. - 12/19/08 08:54 AM
The complexities of the mortgage mess the world is in has been made into a visual explanation. Many people understand complex topics and issues more clearly when they can see what is being explained. I do not know if this visual explanation provides any clarity as to what has happened, but it is a very interesting representation of the complexity of the problem. It also provides some understanding as to the difficulty that any intervention will be in the real estate market. The site it is on is a commercial site focused on managing money. The link here in my blog (1 comments)
real estate market: Doncha ya love statistics. OR START typing the GOOD news! - 12/11/08 04:35 PM
So I spent some time playing with data today. When I last used the OFHEO report to study the national real estatemarket, the title of the report was "Decline in House Prices Accelerates in First Quarter". As I read through the report, I noticed that more than 1/2 of the United States was actually appreciating and not declining as the title stated. It was one more example of reporting good news as bad. That caused me to look at the data in the current report more closely, too. Unfortunately, this time the title is backed up by the data pretty well. (4 comments)
real estate market: It is the worst of times, It is the best of times. - 12/06/08 12:57 PM
The real estate business has never had more opportunities. Prices are low. Interest rates are low. Inventory in almost every part of the US has property that provides an opportunity. These days look like the days in the 1980s and 1990s that were the trough of the next wave of investing. The crash in the 80s came from government changing the tax code relative to investment properties. The changes in the 90s came partly from people cashing out of the stock market and driving up real estate prices with their cash profits. And the real estate market today is recovering from (5 comments)
real estate market: Does your brain see the good or the bad? - 12/05/08 11:17 AM
The other night my wife watched part of a television special on the brain. She said they had the viewer do a fascinating experiment while watching the show. The TV screen was full of small, active, blue dots. Then three larger stationary yellow dots were placed in the center of the screen forming a triangle. The viewer was told to focus their attention on the center of the triangle and on the blue moving dots. Within a very short period of time the yellow dots started to randomly blink and disappear. However, when she shifted her focus off the moving blue (6 comments)
real estate market: Knowlwdge is not power, but having knowledgeable people you can rely on is powerful. - 10/26/08 08:33 PM
We are told that knowledge is power.But is knowledge power, or is it the effective organization and application of knowledge toward attaining a goal that is powerful? Real Estate information on the Internet has become like a math class with no teacher.Did you learn math by just reading a book and teaching yourself?How much longer would it have taken you to learn without a teacher? The richest and most powerful men in the world don't know everything, and don't do everything themselves.They gather people around them; those who know the specifics.Their key to success is finding those who know the specifics (12 comments)
real estate market: 10 years of home sales in Falmouth MA. Is this the bottom? - 10/09/08 01:37 PM
The chart below is a visual representation of single family home sales in Falmouth MA over the last 10 years. As can be seen, there was definitely a peak in 2006. Since that time there has been a steady decline in the number of sales. Well, is this good news? Many real estate analysts say that real estate works in 10 year cycles. So it the peak was in 2006, we must be at or near the bottom of the downturn. When you add in the lowest interest rates in awhile and the availability of foreclosed properties, there are some opportunities to (2 comments)
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.