Banks Discover Ground-Breaking Solutions to Get Underwater Homeowners To Stay - 10/29/10 01:08 PM
Oppose to what some may assume, many financial institutions are eager to keep homeowners in their homes, not just than push them away, at least in certain instances.
As a result, the Loan Value Group which is private company in New Jersey that team up with lenders around the country to prevent homeowners who are underwater on their mortgage from leaving their homes.
According to The Boston Globe, homeowners can apply to be a part of the company’s Responsible Homeowners Reward program that pays select candidates around 10% of their mortgage as an incentive to stay in their homes. On the … (0 comments)

4 Keynotes to Look For When Devoting In International Real Estate - 10/29/10 01:06 PM
When searching for a prospective real estate location overseas, always look foe one of the four schemes that indicate a probable increase in property values.
ü  A new path, rising middle class ü  The path of progress ü  Invasion of foreign buyers ü  Distressed or crisis prospects One of the hottest locations nowadays for real estate openings is Fortaleza, which is located in northeast coast of Brazil. Two schemes can be seen when scouting the place for the first time. A New Middle Class New, emerging middle class represents new consumers. New consumers can purchase cappuccinos, refrigerators, vacations, new homes and … (0 comments)

Majority of Small Businesses Are Incapable of Getting The Credit They Look For - 10/29/10 01:05 PM
 
 According to Fed Officials, small businesses are getting a hard time to access to credit.
Data from a recent study by the Federal Reserve Bank of New York showed more than two-thirds of small businesses experienced declines in sales and revenue during the first half of the year, implying a broad weakening of finances in the industry. But only half of loan applicants were approved.
Data from a current study by the Federal Reserve Bank of New York showed more than 1/3 of small industries experienced decrease in sales and revenue during the first half of the year, entailing a … (0 comments)

Homes Sales Go Beyond Economist Prospects in September - 10/27/10 03:00 PM
 
Sales of existing home increased about 10% in the month of September, thrashing analysts estimates and adding on the gains from the preceding month.
National Association of Realtors states that adjusted sale boosted to 4.53 million in September from a turn down revised 4.12 million in August and continues to keep its distance from the 3.83million in July which was the lowest recorded since NAR started printing the report in 1999. Experts polled by Econoday were anticipating September sales to climb up to 4.3 million, with an estimate range between 4.21 million and 4.6 million.
A housing revival is … (0 comments)

Troubled Commercial Real Estate Tears Down National Prices - 10/27/10 02:55 PM
 
In the United States, commercial real estate prices chopped 3.3% in August to their lowest level since October of last year.
Nationwide, commercial real estate prices stay about 45% below their peak values in October of 2007. That place then at about where they were in 2002, according to the latest report from Moody’s Investors Services.
The value of the repeat sales increased to $1.85 billion, up from $1.35 billion in July. However the number of transactions stays significantly low what it was during the peak as report shows.   Price trends across the commercial real estate sector have varied, … (1 comments)

Bargain Lending Rates Assist Increase Pending Home Sales in August - 10/26/10 01:41 PM
Residential property sales have converge slightly based on the latest figures though prices are continuing to drop and analysts are anticipating further declines through 2011 and 2012.
Pending property sales increased 4.3% in August according to the figures from the National Association of Realtors.   However, NAR chief economist Lawrence Yun states that significant low lending rates appear to bring buyers back to the market and a boost in mortgage rates could have a disastrous effect.
One of those is the latest Altos Research 10-city composite index shows that prices dropped in September by 1.5% to an average median price of … (0 comments)

Report Shows Nearly Half Of Home Sellers Offering Discounts - 10/26/10 12:04 PM
US residential prices had an increase of 5.7% over the three months in the of August though dropped 2.2% and now anticipated to idle and fall during the rest of the year towards 2011.
Increases were felt in the Midwest and Southern regions but cloudy in New Orleans, Cleveland and Columbus. And those markets that have increased are foreseeing a slow growth.
Accordign to Clear Capital’s senior statistician Alex Vilacorta, the figures look poised their decrease and eventually drop into negative territory by the end of the year.
He added that the stance will persistently to be rocky with gaps … (0 comments)

California Active Home Sales Drop from A Year Ago in September - 10/22/10 02:56 PM
About 33,176 new and resale houses and condos were purchased statewide last month. In the month of September, California sales have varied from a low to high in 2005.
The average price paid for a home a month ago was $265,000 and climb 1.9% from $260,000 in August and increased 5.6% from $251,000 for September last year. Meanwhile the bottom cycle was in April 2009 with a median of $221,000 and its peak in the early 2007 which was $484,000.
Of the current homes sold last month, about 35.8 % of the properties had been foreclosed on during the past year. … (0 comments)

Housing Begins Improvement Urges New Confidence Among Homebuilders - 10/22/10 01:32 PM
Another sign of potential easing in the distressed housing market, creation of new homes climbed 0.3% last month from August topping analysts’ estimates of a turn down and reaching the highest level since April.
Housing begins in September increased to a seasonally adjusted 610,000 homes from an upwardly revised 608,000 the prior month based to the Commerce Department.  About 4.1% higher than the 586,000 a year ago on last month’s rate. According to Housingwire, the residential building boosted 6% in September to a seasonally adjusted yearly rate of $116.7 billion based on McGraw-Hill Construction.
This in return is prompting new confidence … (0 comments)

10 advices for a successful real estate in 2011 - 10/21/10 02:32 PM
 
January of 2011 is fast approaching, why set your goals as early as now….
The influence of written goals: Research shows that writing down your goals and plans and sharing them with someone increases the probability of success
Lay down your income and closed transaction objectives: Thin you have closed 20 transactions this year and aim to close 40 transactions next year. Once you put a double effort into your most profitable real estate activities, most agents easily boost their closed transactions by 50-100 percent.
Lead generation is the key: the rule is to generate 1 out of 3 … (2 comments)

Single Family Construction is Rising, But Short Of Prospects - 10/20/10 01:18 PM
Increase about 6% of residential building in September to a seasonally attuned annual rate of $116.7 billion according to McGraw-Hill Construction. As a result, new confidence among homebuilders, who indeed saw business climb in October, based on a monthly survey from the National Association of Home Builders and Wells Fargo. Though, the numbers are largely below expectations.
Last year an increase around 11% in single-family housing construction for the entire nation. South Atlantic and Northeast region had increase 16% construction.
Still, while increases continue from a year ago, the growth seen in recent months continues to come up short of expectations.
… (0 comments)

Study Shows That Low Interest In Homeownership is Due to Economic Situation - 10/18/10 02:40 PM
In spite of record low mortgage rates and government plan aimed at promoting homeownership, most of Americans would rather stay out of the housing market.
A survey was conducted by FindLaw.com which is a Thomson Reuters company; around 63% of respondents stated they are pushed away from purchasing a home for the reason of the current economic conditions. About 8% of the total subjects said that they are most likely to buy a property due to the economic status of the country while 28% said that economic status of the country does not affect their opinion about buying a home.
Economic … (0 comments)

4 Points Buyers Need to Understand About Robo-Signing and Foreclosure Freeze - 10/18/10 12:58 PM

Turning your TV to news shows and even spending about 5 minutes on the web you will certainly encounter about the massive  robo-signing foreclosure scandal that indeed create a great impact to the biggest banks in the country. Here are 4 things that a homebuyer should understand about this ground breaking real estate news and how it affects them.
·         Definition of robo-signing and what is the commotion all about? This phrase is very common practice in the banks’ foreclosure document processing divisions where a person was basically provided a job of signing as many as 10,000 foreclosure files per … (0 comments)

Mortgage rates improve again: 30-year fixed at 60-year low - 10/15/10 11:55 AM
New turn downs on mortgage rates for a third consecutive week as investor demand for mortgage-backed securities that fund most home loans maintains to be more than sufficient to satisfy demand for mortgages.
30-year rates on fixed rate mortgages averaged 4.19 percent with 0.8 point for the week ending Oct. 14, down from 4.27 percent last week and 4.92% last year, according to Freddie Mac on weekly Primary Mortgage Market Survey.
 
Freddie Mac’s records low was dated way back 1971. The rates haven’t been dropped since April 1951 based to another set of data based on FHA rates that goes … (1 comments)

Experts Foreseeing 20 Percent Fall in Home Values - 10/14/10 01:01 PM
Calling bottom on troubling home prices is a longstanding topic of debate, but distraught loan purchaser Kondaur Capital Corp. Concerns about housing prices falling further still.
During conversation with HousingWire, chief executive of Kondaur Jon Daurio connected Moody’s Investors Service analysts saying he anticipates prices to fall another 20%.
Moody’s again today reduce ratings on multiple residential mortgage- backed securities, declaring that it is sees growing potential for a double-dip recession that would create home prices to decrease another 20%.
He anticipates the plunge to occur over the next three years, Daurio alleged. The unemployment rate is unlikely to strengthen and … (1 comments)

Nearly half of Americans Feel Home Prices Have Dropped Down - 10/14/10 11:29 AM
Survey showed that just about half of Americans thinks that housing prices have dropped and about third assume price boosts over the next year while many Americans believe that the current market is the best way to buy a home, buyers are taking guarded approach.
Based on the Fannie Mae national housing survey, about 70% of Americans considers a great time to purchase a home compared to 64% of Americans in January.  Though there may not be sufficient willing sellers as 83% believe it’s a bad time to purchase a home.
From June to July, Fannie Mae surveyed 3,400 adults. … (0 comments)

Inflation affects home loan rates - 10/13/10 04:28 PM
Recently, good or bad signs on economic events are particularly vital. The federal will be watching several reports intimately over the next few weeks in advance of their next meeting on November 2 to 3 for they are taking in consideration of a second round of Quantitative Easing (QE) to certify that our slowing economy does not slow even further.
 
Does it have any relation towards home loan rates? Once economic news continuously soften and the Federal does will push through another round of QE, bond prices and home loan rates may eventually strengthen. However, the ultimate weakening of Dollar, … (0 comments)

Foreclosure Moratoria: Help Or Hurt Housing Recovery? - 10/07/10 03:31 PM
In accordance of the robo-signing scandal that created states and lenders suspending home foreclosures, economists are appraising how this temporary stillness in the housing market will impact the economy recovery. “We are sceptical that the market will recover in the meantime” as for Radar Logic analysts last Tuesday.
Foreclosure suspension would provide defaulted borrowers time to get updates on their mortgages. Radar Logic contemplates that many borrowers are unlikely to do so. According to data presented by the analytics firm, a slowing in Reo liquidation of less homes being taken back by the bank by means of foreclosure will eventually could … (1 comments)

Fundamentals of a Top Producer - 10/07/10 03:30 PM
Do you have what it takes to be a top producer? The key is to understand your strengths and weaknesses is the first step to increase your business venture.
1. The D-I combo: One of the most widely used versions of the DISC Behavioral Styles Inventory is the Target Training International (TTI). It allows you to look at your adapted and natural behavioural styles into 4 dimensions. Based on the TTI, a successful salesperson is someone who scores above the %0th percentile on the “D” and the “I” factors.  Only 5% of the users of the total population have this profile. … (0 comments)

Weekly Economic Summary from Bank of America - 10/06/10 12:36 PM
 
The 10-year Treasury note started the week at 2.746% and decreased to a low of 2.607% by Friday’s close on optimism about relative strength of the nation’s economic revival and lack of any reasons to worry about increasing inflation. The Dow Jones Industrial (DJIA) climbed up to 10860.26 which is a significant gain for the week. Freddie Mac’s 30-year fixed rate from Sept 16 to 23 stayed at 4.37% and HSH Association computation stayed the same at 4.75%
 
Take a look at the Mortgage Applications Index. Applications for new refinancing loans remained comparatively flat. Unless mortgage interest rates make … (0 comments)

5 recession-proof tech schemes - 10/05/10 03:56 PM
 
Demanding market conditions have enforced real estate brokers to utilize leaner and meaner. Print budgets have been generally reduced and in some reasons permanently cut. Unwarranted billboard and bus stop marketing is a thing in the past. Open house network in the local newspaper are minuscule at best, and in spite of a substantial marketing shift from print to Web, Internet marketing budgets have also felt the brunch.
The technology budget has also been impacted. Brokers and agents can choose a vast of technology products. Floor plan, property videos, community data and mapping are some of those technologies. The products … (0 comments)

A Possible Rise In Mortgage Rates Intimidates Housing Recovery - 10/05/10 03:52 PM
 
A rose of 4.3% on pending home sales in August  from the month earlier but stay significantly lower than the year ago and any sudden increase in mortgage rates could slow the recovery.
According to the National Association of Realtors the pending home sales index based on the signed contract was 82.3 for the month, up from downwardly revised 78.9 for July and 20.1% lower than the earlier year which reading of 103.
 “Significantly low mortgage rates are encouraging buyers back to the market.” But more jobs and an accompanying increase in consumer confidence are necessary to keep the pace … (1 comments)

Market Update! - 10/04/10 03:36 PM
 
 Patience is a virtue in so many ways... it conserves sanity, it avoids rash behaviour and it upholds perspective.

 
At the end of April, patience has been in short stock since the cessation of the federal homebuyer tax credits. Each turn down in home sales over the subsequent months has titles the consensus expectation toward a double-dip recession, while each of bad news has been extrapolated into 2011 and afar.
 
Housing begins posted larger than expected rise in August, boosting up hopes that the housing market could be poised for a swivel. On that note, residential sets … (0 comments)

Without Homebuyer Tax Credits, Demand For Foreclosures Could Intensify - 10/01/10 02:49 PM
The latest data from RealtyTrac, a company that monitors the foreclosure market stated that foreclosure homes reported for 24% of all residential sales in the second quarter of the year.
About 248, 534 U.S homes in some stage of foreclosure which are either default, bank repossession or scheduled for auction are sold to third parties in the second quarter. This symbolizes an increase for about 5% from the earlier quarter; figures are behind 20% from the same time of last year. Good news is once foreclosure sales intensify in the second quarter, non foreclosure sales also intensify even more, spurred on … (0 comments)

 
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Sharon Sigman

Overland Park, KS

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Weichert Realtors Sharon Sigman Five Star

Address: 5200 W. 94th Terr, Suite 202, Overland Park, KS, 66207

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Kansas City is a very good area for investers in both single family homes to apartment & commercial buildings.We have lots of inventory for residential and commercial listings.


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