|
| |
Do you have a people strategy? - 04/26/12 06:38 AM
Seth Godin is one of my favorites and his message is always so simple… Today he reminds us that we really need to focus on the most important part of our business which is PEOPLE… thanks for being OUR PEOPLE! Do you have a people strategy?
Hard to imagine a consultant or investor asking the CMO, "so, what's your telephone strategy?"
We don't have a telephone strategy. The telephone is a tool, a simple medium, and it's only purpose is to connect us to interested human beings.
And then the internet comes along and it's mysterious and suddenly we need … (0 comments)
|
Investors Purchased Record Number of Homes in 2011 - 04/23/12 01:34 PM
News: Investors purchased 1.23 million existing and new homes, an increase of 64.5% from 2010. Investors purchased 1.23 million existing and new homes, an increase of 64.5% from 2010 Investment home sales comprised 27% of all activity, an increase of 17% Nearly half of investor purchases were made in cash, and half were distressed homes The regions that saw the most activity were the South (41%) and West (23%) Rates: Increase to over 4% Mid-Week Due to Ever Improving US Economic Conditions Rate/APR indications - 4/20/2012
30 yr fixed - 3.875%/4.054 30 yr FHA - 3.75%/4.685 30 yr Jumbo 4.375%/4.508
15 yr fixed … (0 comments)
|
March housing starts fall, new permits surge - 04/17/12 11:19 AM
Source: Reuters.com
(Reuters) - Groundbreaking on homes fell unexpectedly in March, but permits for future construction rose to their highest level in 3 1/2 years, Commerce Department data showed on Tuesday.
Housing starts slipped 5.8 percent to a seasonally adjusted annual rate of 654,000 units, the government said. February's starts were revised down to a 694,000-unit pace from a previously reported 698,000 unit rate.
Economists polled by Reuters had forecast housing starts little changed at a 705,000-unit rate.
March's decline in housing starts was the biggest percentage drop since April of last year, although most of the fall was in the … (0 comments)
|
Investors Flock To Housing, Looking To Buy Thousands Of Homes In Bulk - 04/11/12 09:14 AM
Photo Credit: Wikipedia
By: Morgan Brennan, Forbes Staff
Source: Forbes
Investors have been snapping up homes. Lots of homes. The National Association of Realtors’ Investment and Vacation Home Buyers Survey reports that investment-home sales soared a whopping 64.5% in 2011, with investors purchasing 1.23 million homes compared to 749,000 in 2010.
With foreclosures continuing to flood marketplaces and home prices down nationally about 35% over the past five years (and down more than 50% in the hardest hit areas), investors believe housing is a promising place to park cash. Even the Oracle of Omaha, billionaire Warren Buffett, told CNBC that distressed single-family homes … (0 comments)
|
Multifamily transactions for B and C properties heat up - 04/09/12 08:42 AM
by Jake Reid, Franklin Street
Source: Atlanta Business Chronicle
As buyer demand stays hot for multifamily properties around Atlanta, some buyers are starting to look beyond newer properties in core locations to B- and C-class properties and to tertiary markets.
In many cases, investors are finding they have to look at older product and additional market areas to avoid the heavy bidding that can drive up pricing and lower yields. Often, these properties are distressed, either operationally or physically. Still, we are seeing more buyers making offers and a larger number of closings in this product type.
One example is the … (0 comments)
|
Fed Blesses Banks’ Foreclosure-Rental Approach - 04/06/12 02:24 PM
By Alan Zibel
Source: The Wall Street Journal
"I don’t see tenants performing but we certainly would have the interested buyers when the banks are ready to sell…" The Federal Reserve set out new polices for banks that decide to rent out foreclosed homes, endorsing a strategy for managing the huge number of distressed properties that have piled up during the housing bust.
The central bank said in a six-page policy statement Thursday that the Fed’s regulations permit the rental of foreclosed properties to tenants “in light of the extraordinary market conditions that currently prevail.” The policy clarified that banks that would otherwise … (0 comments)
|
The Perfect Loan File - 04/06/12 07:50 AM
By Mark Greene, Contributor
Source: Forbes
The media has it all wrong – securing mortgage approval and satisfying credit underwriting guidelines are not the difficulties plaguing mortgage consumers. It’s in meeting the rigorous documentation requirements that most people fall flat. The good news is, the fix is simple. Just scan, photocopy, fax, and deliver every aspect of your financial life. Then, shortly before closing, check everything again.
Mortgage consumers who enter the mortgage approval process ready to battle their chosen mortgage lender will come out with a nightmare story to tell. As the process, requirements, and guidelines are the same for everybody, your mindset … (0 comments)
|
Unsold Atlantic condos to go rental - 04/05/12 12:24 PM
By Douglas Sams
Commercial Real Estate Editor
Source: Atlanta Business Chronicle
A Miami real estate company recently bought the 324 unsold condos in Midtown’s The Atlantic tower for $89.3 million, and has begun converting the units to apartments.
It’s another signal investors have confidence in the intown Atlanta apartment market. It also underscores they see remaining volatility for condos.
Crescent Heights completed the transaction March 15, paying about $275,000 a unit.
The Atlantic units were to be offered for sale, from $300,000 to $1.5 million, as late as 2007.
Crescent Heights had reached an agreement in January with The Atlantic’s owner, ST Residential, … (0 comments)
|
As Foreclosures Stall Again, Warnings of Housing ‘Paralysis’ - 04/03/12 09:47 AM
By: Diana Olick, CNBC Real Estate Reporter
Source: CNBC
In an unexpected reversal, both newly started foreclosures and finalized foreclosures dropped precipitously in February.
So-called foreclosure starts fell 15.2 percent month-to-month. Foreclosure sales, the final stage of the process (not sales f already bank-owned properties) fell 19 percent month-to-month, according to a new report from Lender Processing Services.
Most had expected both starts and sales to ramp up, following the $25 billion dollar settlement between five of the nation's largest banks and state attorneys general and federal agencies over the now infamous "robo-signing" scandal. The drop in finalized foreclosures was nationwide, in states where a judge … (0 comments)
|
Home Value Protection Insurance Enters Georgia with Safeguard Solution for Homeowners Facing Housing Market Uncertainty - 04/02/12 01:59 PM
Innovative policy shields homeowners from devastating financial loss as plunge in housing prices continues
ATLANTA--(BUSINESS WIRE)--Home Value Protection, the only insurance policy in the U.S. that protects homeowners from the devastating impact of declining home prices, rolls out in Georgia this week. Home Value Protection insures the market value of a home, effectively sheltering homeowners’ equity from the plunge in housing prices that has plagued the state and much of the US since mid-2006. It is the only insurance policy that allows homeowners to protect the investment in their home—the largest financial asset of most families—from housing market cycles.
Georgia is … (0 comments)
|
|
|
|
Jude Rasmus
Atlanta,
GA
More about me…
Rasmus Real Estate Group
Address: 1296 Gresham Road, Marietta, GA, 30062
Office Phone: (770) 321-1350
Email Me
Real Estate, Real People, Real Lives
 Links
Archives
|
|
Connect. Share. Learn.Welcome to ActiveRain, the #1 social community for real estate professionals.
;)
;)
