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Residential Sales to Investors - 06/17/12 12:46 PM
Currently 20 perecent of the Residential market are sales to Investors . Investors accounted for 20 percent of residential sales in April, down from 23 percent in February and 21 percent in March according to the REALTORS Confidence index. Investors have reported that in many cases that can obtain a positive cash flow converting properties to rental units, or obtain a resale after making improvements. reraltors have been reporting that the market is able to absorb the large number of distressed properties coming onto the market. in some regions, Realtors report that the market would clear additional properties if available. Approximately … (1 comments)
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Mortgage Relief Deadline is Approaching - 06/17/12 12:41 PM
Almost everyone knows someone who has gone through aloan modifcation, a short sale or even a foreclosure. in today's economy, major mortgage upheaval is not uncommon. Job losses, medical bills, adjustable rates and other hardships are causing amny homeowners to weigh all their options with regard to what is generally their biggest asset or liability as the case may be;their home.
Among the many factors to consider is tax. From a tax standpoint, a forgiven loan is income. before the real estate bubble burst in 2007, homeowners had to worry about taxes after dealing with the financial turmoil and heartbreak of … (3 comments)
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Newspaper Advertising - 06/17/12 12:27 PM
Anyone in the real estate profession in the earlier years onf this century knew the importance of advertising constantly. every week loan officers and real estate agents would bring together their most compelling text in order to bring life to their advertisements and maximize their investment in what can be said is the most important part of being in business. Real estate professionals are not paid each week by their boss...They do not have retirement plans created by the companies they work for. There is no residual income from selling or financing houses. Real estate agents and loan officers are special … (3 comments)
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Economic Calendar for the Week of Jun 11-Jun 15 - 06/11/12 03:08 PM
Economic Calendar for the Week of Jun 11 – Jun 15
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Winning Consumers - 06/07/12 03:21 PM
We may be hearing more and more about the rise of the rental market, but the fact remains that the vast majority fo those renters aspire to become homeowners, sooner rather than later. According to different surveys, the younger renting generation 9ages 18-34) intend to buy a home. Today's consumer can be difficult to engage and connect with. Deluged with more information than ever before and driven by socila media, consumers must be approached in a variety of new ways in order to grab their attention and then build trust. Reaching consumers in today's world takes a whole new mindset and … (4 comments)
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Improving Foreclosure Prices Drive Recovery - 06/07/12 08:54 AM
Significant price inceases in bank owned foreclsoures are driving gains at the national, regional and local levels, helping homeprices turn the corner with small quarterly and yearly gains.
National average prices for bank owned foreclosures were up 8.1% over a year ago on a median price per square foot basis. National real estate prices in May have finally moved past the continued losses of the last few years. The subsequent stabilization pattern seen in recent months has progressed into the start of moderate growth.
Helping to support growth at the national level, the West saw a notable jump in prices over … (2 comments)
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Home Prices Affect More than Home Industry - 06/06/12 08:14 AM
The best known, the S&P/Case-Shiller home price index, reported Tuesday that home prices nationally fell 2.0% in the first quarter.
The S&P report warned home prices haven’t yet turned the corner, although other measures, including the CoreLogic measure, show prices have bottomed out. (That’s especially true when distressed sales, which tend to be made at a steep discount, are excluded from the mix.)
According to Jed Kolko, chief economist at Trulia, the indexes differ in three major ways: the mix of homes listed and sold, seasonal adjustments, and the weighting of different homes and metro areas.
While each methodology has its … (0 comments)
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Low Mortgage Rates Attracting More Short-term Borrowers - 06/05/12 12:08 PM
As mortgage rates sink deeper into record territory, homeowners are refinancing into 15-year loans at a pace not seen in a decade, aiming to pay off their debt in time for retirement...With housing markets still troubled, the rates are mainly benefiting refinancers whose luck or self-discipline has left them with significant home equity. Purchase lending remains sluggish: The Mortgage Bankers Association says that fewer than a quarter of mortgages these days are used to buy homes.during the housing boom, few refinancers even considered shorter term mortgages, which made up just 10 percent of all refis in 2006..Now it's just the opposite-they … (2 comments)
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Latest Realtors Confidence Index - 06/04/12 01:17 PM
The latest Realtors® Confidence Index survey indicates that distressed sales as a percentage of the market are down.
Measured at the MLS sales level, distressed sales have hovered in the 30 to 35 percent range for a number of years, with heavy sales concentrations in a few states. Distressed sales are currently 28 percent of total sales. 42 percent of distressed sales were for cash over the past year. Currently Realtors® in a number of markets are reporting shortages of inventories of distressed real estate: the markets are reported to be clearing distressed properties from the market at a rapid rate. … (0 comments)
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Reaching Your Potential - 06/04/12 01:04 PM
Potential: There are two types of potential you have to consider. First, is your personal potential, and second, is the market potential. In other words, how many people want what you are selling? What very successful people are able to do is make this "potential" stage so real that they create the results in their head and actually feel like it has already happened. To these people, they are not trying out real estate or giving it a shot..In their minds, they have already reached their potential and now it is time to live it out.
Action: If you have handled … (0 comments)
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Mortgage Fraud - 06/04/12 07:34 AM
There is a tradition in the mortgage business of distinguishing between two major types of mortgage fraud, called “Fraud for Housing” and “Fraud for Profit.” The former is the borrower-initiated fraud—inflating income or assets, lying about employment, etc.—that is motivated by the borrower’s desire to get housing (not the same thing as “real estate”), by means of getting a loan he or she doesn’t actually qualify for. It may require some collusion by the loan originator or appraiser, but it may not. It is usually the least expensive kind of fraud to lenders and investors, since the goal is getting (and … (3 comments)
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Foreign born households & future homebuying - 06/04/12 07:30 AM
The US Census recently disclosed that foreign-born households are made up on average of 3.4 people, more than the 2.5 people average for native-born households. Assuming new immigrants are in similarly-sized households, one million immigrants would absorb about 294,000 dwellings per year. Incidentally, there were only 700,000 immigrants in 2011, equivalent to a demand for 206,000 units. Outside of immigration, the annual growth in population in the present decade will be 1.6 million.
Babies don't buy homes but growing families with new babies may do so because they need more space. In this case however, they are vacating one home and … (0 comments)
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Federal Watch Reserve - 06/04/12 07:12 AM
Federal Reserve Watch
Forecasting Federal Reserve policy changes in coming months... With the economy still in the doldrums and inflation under control, economists expect the Fed to keep rates super low well into next year. Note: In the lower chart, a 1% probability of change is a 99% certainty the rate will stay the same.
Current Fed Funds Rate: 0%–0.25%
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Economic Calendar for the Week of June 4-8 - 06/04/12 07:09 AM
Economic Calendar for the Week of Jun 4 – Jun 8
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The Deadly Sins of Real Estate Marketing - 06/01/12 03:03 PM
# 1 Not monitoring your listings across the web
# 2 being second to respond
# 3 Getting distracted by free and easy marketing tactics
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Recent Economic Update - 06/01/12 03:00 PM
In each Economic Update, the Research staff analyzes recently released economic indicators and addresses what these indicators mean for REALTORS® and their clients. Today’s update discusses the latest employment figures.
A net job gain of 69,000 jobs in May will continue to add more people into the pool of potential homebuyers and increase demand for commercial real estate spaces. However, job gains of 200,000 is needed every month for the next 8 years to get the unemployment rate down to 5%. The slow job gains and more people entering the labor force resulted in the unemployment rate ticking up to … (2 comments)
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April Realtors Confidence Index - 06/01/12 02:56 PM
According to the April Realtors® Confidence Index report, as of April 2012, 27 percent of properties had been on the market for six months or more when sold. In contrast, 48 percent had been on the market for three months or less. Additional information on a variety of topics related to current residential market conditions may be found here.
. … (0 comments)
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Suzi Boyle
Boise,
ID
More about me…
Evergreen Home Loans-NMLS # 37810/#9040/#3182
Address: 3715 E.Overland-205, Meridian, ID, 83642
Office Phone: (208) 321-4305
Cell Phone: (208) 859-3303
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