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With the ever-changing government laws currently in place that pertain to mortgage lending, Long Mortgage Company has introduced MyTransactionNow.com to its team of associates, available exclusively through Long Mortgage. This secure, interactive website provides Long Realty loan officers, real estate agents and their clients with a smoother loan transaction through increased awareness of the loan process by giving them the ability to access their loan transactions 24 hours a day.
"In today's environment with increased government regulations it is very important to keep everyone updated on the progress of the loan. MyTransactionNow is the solution. This system keeps all parties informed on the major steps of the transaction," said Lee Flenard, President of Long Mortgage Company. MyTransactionNow.com is a cutting-edge loan tracking system that helps to streamline the loan process by centralizing information about the status of loans and giving all parties involved 24 hour access to vital information. Clients and agents are notified instantly about the progress of their loan as it happens, greatly reducing the need to call or email to check loan or appraisal status. Contact information for the Sales Associate, Listing Agent, Borrower and Escrow Agent is included with each loan transaction record, along with closing date and contract sales price. Long Realty associates can also access up-to-the-minute lending regulations and important documents in one convenient location. By providing MyTransactionNow.com as a central point of contact for all parties, Long Mortgage is taking the stress and surprises out of the loan process. For more information about MyTransactionNow, please contact Matt Rivera, Operations Specialist for Long Mortgage 520-918-1679.
As of August 2009 active inventory was 219, a 6% decrease from August 2008. There were 38 closings in August 2009, 73%above August 2008. Months of Inventory was 5.8, down from 10.6 in August 2008. Median price of sold homes was $162,084 for the month of August 2009, down 16% from August 2008. Sahuarita is experiencing a significant increase in buyer activity, with new properties under contract up 63% from August 2008.
As of August 2009 active inventory was 6,095, a 25% decrease from August 2008. There were 957 closings in August 2009, a 6% increase from August 2008. Months of Inventory was 6.4, down from 9.0 in August 2008. Median price of sold homes was $162,500 for the month of August 2009, down 12% from August 2008. Tucson is experiencing a significant increase in buyer activity, with new properties under contract up 52% from August 2008.
The hottest buyers housing markets are places you may find comfort in the worst housing crash since at least the Great Depression. The top 10 buyers markets listed by Housing Predictor at mid-year are markets that aren't necessarily big arts and entertainment centers, mostly found in smaller communities.
Amarillo, Texas takes the first position as the nation's top buyers market in 2009 with the highest likelihood of housing inflation over the next few years. Austin, Texas and Tucson, Arizona are the largest metro areas to be named to the list possessing the highest probability of growing through the recessionary economy over the next few years. As a high-tech hub, Austin will have what it takes to not only sustain the downturn but see home values inflate.
All 10 markets hold the promise of prosperity in the near future. In the current economic environment there are few areas of the country that will see appreciation this year. The markets named here represent cities that are the most likely to experience housing inflation over the next few years, despite the downward economy and are the best places forecast to buy real estate to make a profit.
The financial crisis dealt a severe blow to the national economy that will take many years to overcome. Unlike any other downturn in real estate since the Great Depression, markets have seen home values decline at record levels. Times have changed as a result, and real estate inflation will take years to return in most areas. Investing for the long term, considered to be 10 years or longer is the best protection for those who choose to take the risk.
The following list of high potential real estate markets may not appreciate in the short term, but have the highest likelihood of long term appreciation making them ideal for purchasing investment property.
Listed from the highest forecast appreciation to the lowest:
#1
Amarillo, TX
#2
Sioux Falls, SD
#3
Biloxi, MS
#4
Logan, UT
#5
Bismarck, ND
#6
Bozeman, MT
#7
Baton Rouge, LA
#8
Austin, TX
#9
Casper, WY
#10
Tucson, AZ
This body of this article has been republished from Housing Predictor
Long Realty Launches New Social Media Platform to Help Agents Connect
Long Realty has launched a revolutionary new agent-to-agent social media networking platform called Long Connects that enables their agents to connect to other Long Realty professionals in a safe, online environment. This is yet another way Long Realty is taking the industry lead to help their real estate professionals work smarter and more efficiently to provide the highest level of service.
Long Realty is one of the first real estate companies in the country to implement this type of internal social media platform. It is an entirely new way for their agents to interact, network, and get business done. By implementing this new online agent community, Long Realty is setting the technological standard to help further extend the reach of their agents. Agents can network with each other and share information more efficiently to help match buyers and sellers. Long Realty agents can also use this new platform to learn from each other and from the company by keeping one another up to date with the latest industry developments, newest marketing and technology trends, and best business practices. "Long Realty is constantly investing in our over 1,200 sales associates by providing them the tools and systems to grow their business and save time," says Rosey Koberlein, CEO of the Long Companies. "Long Connects uses the latest Web 2.0 technology to empower our team of real estate professionals to provide the best service possible while increasing their knowledge and level of productivity." "Long Connects uses a powerful social media technology suite in a secure intranet environment to connect our sales associates, Core Services teams and employees," states Kevin Kaplan, Vice President of Marketing and Technology for Long Companies. "Online forums, media galleries, micro blogging and community groups are just a few of the features that connect our professionals with each other in an online community focused on real estate business dialogue. While much of the real estate industry is still trying to understand social media, Long has made the progressive leap to integrate social media into our everyday business practice." Long Connects will enable Long Realty agents to develop their professional relationships, hone their real estate skills and grow their businesses into a highly efficient and effective business model that could help change the future of real estate.
As of October 1, 2009 there are 384 condominiums for sale in Tucson. During the month of September 45 condos sold with a median price of $107,000. 384 condos with a monthly absorption rate of 45 condos per month gives us 8.5 months of inventory (amount of time it would take to sell our current inventory if no new properties became available). 6 months worth of inventory is what most experts believe is a balance market.
There are currently 9 condos Active Capa (Can Accept Purchase Agreement), 41 Active Contigent and 23 pending. Not all of these properties will close in October or at all, but based on the number of units currently under contract it is realistic to expect October's closings to beat the 45 we saw in September.
The condo market is fueled by winter visitors so as the weather cools sales will pickup and more properties will become available, 60 new condo listings in September.
If you would like additional information on Southern Arizona's condo market contact James Servoss at jservoss@longrealty.com.
Leadership Lunch with Sean Elliot @ Elle Wine Country Restaurant (Tucson, Arizona)
Sean Elliot, considered by many (including Steve Kerr) as the greatest Arizona Wildcat basketball player of all time.
Sean Elliot played high school basketball at Cholla High School, played for Lute Olson at Arizona where he was a consensus all American his Junior and Senior year and went onto a successful career in the NBA.
This great opportunity is open to both United Way Young Leaders Society members and nonmembers.
$20 for members and $30 for nonmembers.
Thursday, October 8, 2009 @ 11:30 am
Space is limited: RSVP to Krissy King (520) 903-3934 or youngleaders@unitedwaytucson.org
The United Way Young Leaders Society is an organization of passionate young professionals who are actively seeking ways to Connect, Serve & Lead to make a positive and lasting impact throughout our community.
CONNECT with other "up and coming" young professionals & experienced business leaders.
SERVE our community where we are needed the most.
LEAD by example, engaged in unique YLS leadership & service opportunities.
WHO IS IT FOR? Members of the United Way Young Leaders are: - Community-oriented individuals or couples. Most of our members are in their 20's, 30's, or 40's - Committed, compassionate and generous individuals who are dedicated to making a positive impact throughout our community by taking visible leadership roles in our community projects and serving on local committees and boards. - Valued supporters of the United Way, through the generous sharing of time, talents, and financial resources.
Weekly blog from James Servoss an Associate Broker with Long Realty, Southern Arizona's leading real estate company. Check back often to get the latest news on Tucson's exciting real estate market.
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.
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