market conditions: Real Estate Market Assessment - 08/20/08 06:49 AM
For the fourth month in a row, inventory levels were above the 4,500 level. In July the number of active units in Anne Arundel County trended down 0.6% but was up 9.1% from last year. The average sold price dropped below $400,000 and was down 8.5% from last year. The pending … (0 comments)
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market conditions: Favorite aspect of being a Realtor?? - 08/19/08 09:37 PM
I generally do not include information about my specific clients on this blog, however in this case I will make an exception. If ya'll recall, a few months back I was interviewed by the AP for an article about the current state of the real estate market (specifically regarding foreclosures and … (1 comments)
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market conditions: Good News For Homeowners : Housing Starts Tumble In July - 08/19/08 08:41 PM
Via Scott Fowler - Greenville SC Mortgage Planner:
Housing Starts measure the number of new housing "units" on which construction has started and in July, Housing Starts fell to its lowest levels since March 1991.
For homeowners, this is a welcome bit of good news because as fewer homes are built, there … (0 comments)
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market conditions: Real Estate Outlook: Pending Sales Jump - 08/19/08 06:00 PM
Via Kevin Heinrich:
If anyone needs hard evidence that the real estate market cycle is flattening out and turning around, check out the latest pending home sales index numbers.
On a national basis, the index jumped by 5.3 percent last month. But more importantly, it rose in every region of the … (0 comments)
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market conditions: Existing homes, condo sales improve in Tampa Bay - 08/19/08 04:44 PM
With the abundance of interesting press regarding the housing slump, there has been a significant increase in optimism and market conditions in the Tampa Bay real estate arena. SI Real Estate calls it our "Shimmer of Hope" for the Tampa Real Estate Market.
The experts have been chiming in and we … (0 comments)
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market conditions: Riverside CA, Real Estate for Victoria Grove - 92503 - 08/19/08 02:53 PM
… (0 comments)
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market conditions: Housing Media Deception - 08/19/08 01:49 PM
Via Jerry Rouleau:
<!--StartFragment-->
Now is the best time to build or buy a home. Stop listening to the media and everyone else. Are they giving you the complete picture and telling you all the facts?
Secrets that the media is not telling you
· Have you read any articles … (0 comments)
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market conditions: You Want a Deal? Better get your gloves on... - 08/18/08 01:18 PM
I have some clients right now that need the most square footage for the best price. They have a down payment, they have closing costs, they even have time. So we've been searching every day for the best home for the money. Every other day or so, an awesome deal will … (1 comments)
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market conditions: Losing your home? Protect yourself - 08/17/08 12:13 PM
HELP YOURSELF OR SOMEONE THAT YOU KNOW!
Before You Give Up Your Home, Know the Facts because.... You Have Options! You Can Save Your Home or At Least Protect Yourself.
What happens when you imagine receiving a 1099 form from the IRS after a foreclosure or short sale showing the taxes … (0 comments)
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market conditions: Apex NC Real Estate - It's a Great Time to Buy in Apex, NC - 08/16/08 08:02 AM
I recently sponsored Apex, NC with Localism.com. As a part of my sponsorship I think it's important to provide a few distinct elements for the community:
Area profile
Why should you choose Apex, NC for your next home?
A look at what's currently going on in the real estate market … (5 comments)
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market conditions: Ridgefield, CT - July, 2008 Real Estate Market Report - 08/15/08 11:54 AM
Ridgefield, Connecticut Real Estate Update July, 2008
Closed home sales in Ridgefield, Connecticut:
There were 39 home sales closed in Ridgefield, CT.List Prices ranged from $359,900 - $1,625,000.Closed Sales Prices ranged from $353,000 - $1,575,000.
On average, these homes sold for 95.6% of their final list price.
Marketing time ranged from 25 - … (0 comments)
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market conditions: Bethel, CT - July, 2008 Real Estate Market Report - 08/15/08 11:11 AM
Bethel, Connecticut Real Estate Update July, 2008
Closed home sales in Bethel, Connecticut:
There were 12 home sales closed in Bethel, CT.List Prices ranged from $334,900 - $1,199,000.Closed Sales Prices ranged from $320,000 - $1,100,000.
On average, these homes sold for 95.5% of their final list price.
Marketing time ranged from 30 - 761 … (0 comments)
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market conditions: New Milford, CT - July, 2008 Real Estate Market Report - 08/15/08 10:58 AM
New Milford, Connecticut Real Estate Update July, 2008
Closed home sales in New Milford, Connecticut:
Single Family Homes:There were 16 single family home sales closed in New Milford, CT.List Prices ranged from $209,000 - $847,500.Closed Sales Prices ranged from $190,000 - $820,000.
The average closed real estate sales price for single family homes in … (0 comments)
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market conditions: Brookfield, CT - July, 2008 Real Estate Market Report - 08/15/08 10:33 AM
Brookfield, Connecticut Real Estate Update July, 2008
Closed home sales in Brookfield, Connecticut:
Single Family Homes:There were 19 single family home sales closed in Brookfield, CT.List Prices ranged from $197,900 - $1,475,000.Closed Sales Prices ranged from $205,000 - $1,300,000.
The average closed real estate sales price for single family homes in Brookfield was $496,394.The median … (0 comments)
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market conditions: Claiming Your Business Back! - 08/15/08 10:13 AM
With all the media hype about how horrible the economy and real estate market is nation wide I figured it was time we fight back. Yes the media paints a bad picture but we have to remember the media is also our key outlet for when the market is good and … (1 comments)
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market conditions: Danbury, CT - July, 2008 Real Estate Market Report - 08/14/08 10:44 PM
Danbury, Connecticut Real Estate Update July, 2008
Closed home sales in Danbury, Connecticut:
Single Family Homes:There were 40 single family home sales closed in Danbury, CT.List Prices ranged from $124,900 - $1,200,900.Closed Sales Prices ranged from $124,900 - $1,100,000.
The average closed real estate sales price for single family homes in Danbury was $401,833. The median … (0 comments)
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market conditions: Sherman, CT - July, 2008 Real Estate Market Report - 08/14/08 10:16 PM
Sherman, Connecticut Real Estate Update July, 2008
Closed home sales in Sherman, Connecticut:
There was 1 home sale closed in Sherman, CT.List Price was $350,000.Closed Sales Price was $405,000.
This was a short sale property that was priced low and received multiple offers.
This compares with 1 closed sale in Junly 2007, which also … (0 comments)
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market conditions: New Fairfield, CT - July, 2008 Real Estate Market Report - 08/14/08 10:09 PM
New Fairfield, Connecticut Real Estate Update July, 2008
Closed home sales in New Fairfield, Connecticut:
There were 7 home sales closed in New Fairfield, CT.List Prices ranged from $199,000 - $2,249,000.Closed Sales Prices ranged from $112,000 - $2,100,000.
The average closed real estate sales price for New Fairfield was $575,678.The median closed real … (0 comments)
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market conditions: Salt Lake County, Utah Current Real Estate Market Conditions for Residential Homes by www. Mark Watterson.com - 08/13/08 04:42 PM
August 2008 Market Conditions
What are the current conditions?
We are now into the third quarter and the market in Utah is continuing to remain stronger than the Nation Real Estate Market. This will continue throughout 2008 and into 2009.
As we enter August let's look at the numbers for the … (0 comments)
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market conditions: An Argument For Using Social Networking To Reach Buyers - 08/13/08 01:13 PM
When I think of social networking, I think of my teen-age children spending time on the My Space with their friends. I certainly did not consider it a source for my business. I am hearing about more and more businesses using My Space and Face Book as well as other social … (8 comments)
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market conditions: Silverdale Real Estate Market - July 2008 - 08/13/08 12:59 PM
Homes in Silverdale were selling for a YTD median price of about $294,000 at the end of July, down 3.6 percent from a year ago. The July median closed sale of $248,000 was about 16% less than the July median a year ago. Kitsap County YTD median price has fallen 8.4% … (0 comments)
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market conditions: Poulsbo Real Estate Market - July 2008 - 08/13/08 12:58 PM
Statistics we refer to are for that part of Poulsbo encompassing the downtown core, from the head of Liberty Bay southeast to Ne-Si-Ka Bay, including parts north to Sawdust Hill Rd. The market for other parts of Poulsbo and its suburbs should have approximately similar trends. Homes in Poulsbo were selling … (0 comments)
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market conditions: Bremerton Real Estate Market - July 2008 - 08/13/08 12:55 PM
Statistics we refer to are for that part of Bremerton encompassing the downtown core and west to Kitsap Lake. The market for other parts of Bremerton and its suburbs should have approximately similar trends. Homes in Bremerton were selling for a YTD median price of about $185,000 at the end of … (0 comments)
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market conditions: Bainbridge Island Real Estate Market - July 2008 - 08/13/08 12:53 PM
Residential homes on Bainbridge Island were selling for a YTD median price of about $614,000 at the end of July, a drop of 8.5% from a year ago. It is noteworthy that the median price for closed sales occurring in July ($551,000) was about $100,000 lower (15% lower) than it was … (0 comments)
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market conditions: Buy Low Now - Sell High Later - 08/13/08 12:03 PM
We are currently in a buyer's market, meaning there is an abundant amount of homes in a variety of styles to choose from, and many are at below market value. This is the best time to buy a home and make a great investment. Buying a home in a buyer's market … (0 comments)
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market conditions: What Got Us Here...Bad Market or What? - 08/12/08 11:13 PM
What Got Us to a Bad Market?
A few weeks ago I wrote about why I disagree with the saying, "it's a bad market". First, it isn't for buyers, and secondly, for some sellers that have priced their homes right and got the home sold, it may be good for them, … (4 comments)
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market conditions: Consumer Confidence Challenges - 08/12/08 09:37 PM
While at the mini-mart, I purchased a soft drink for $1.39. However, the bottle felt smaller that the soft drink I purchased a couple days before. Low and behold, I looked at the size of each empty bottle…one was 20 oz. and the other was 16oz. There wasn’t a sign above … (0 comments)
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market conditions: Lenders and Government Over-Correcting - 08/12/08 08:13 PM
It's no secret that lenders have made way too many loans that they should not have made over the last few years which has resulted in the near meltdown of the housing industry for the past 36 months. Now we are looking at government reforms and tightening lender standards that swing … (0 comments)
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market conditions: Market Update: Allied Arts and The Willows(2) - 08/12/08 03:15 PM
Is the Real Estate Market Half Empty or Half Full?
Like all things in life, this depends upon one's perspective. I thought it might be interesting to look at the data for the past twenty four months and compare Menlo Park City sales data overall with both the Allied Arts/Downtown … (0 comments)
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market conditions: Short Sale is rarely the answer. - 08/12/08 02:05 PM
Here is an email I received from Lara in AZ:
I was just looking around on the internet, searching for some new news on real estate trends and I ran into your response to someone who asked what they could do if they wanted to get out of their house and … (0 comments)
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market conditions: Forsyth County Home Prices Stay Level - 08/11/08 09:41 AM
When looking at pricing trends out there available to us as agents and brokers, there is so much information to take in and interpret. I have the luxury of using a program called Brokermetrics (tm) that charts trends and statistics, pulling information from the local MLS system and then putting it … (0 comments)
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market conditions: Agents are coming to us..... - 08/11/08 08:20 AM
This weekend I was called by another agent, former colleague and friend who may have some interest in joining our Keller Williams Greenville Central Office; she would be a welcome addition.
With sales (per agent) lower than in years past, it is becoming increasingly difficult for agents who work in agencies where … (9 comments)
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market conditions: Updated Market Conditions for Sterling/Potomac Falls, Virginia - 08/10/08 04:38 PM
As of August 10, 2008, there are 552 active residential listings in Sterling/Potomac Falls and the average number of days on market is 109. The list prices range from $71,500 to $2,450,000; the average list price is $330,740 and the median is $275,000 The current market absorption rate is 3.12.
177 … (0 comments)
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market conditions: Updated Market Conditions for Reston, Virginia - 08/10/08 04:34 PM
As of August 10, 2008, there are 393 active residential listings in Reston and the average number of days on market is 112. The list prices range from $110,000 to $1,600,000; the average list price is $452,414 and the median is $360,000 The current market absorption rate is 4.62.
85 residential … (0 comments)
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market conditions: Updated Market Conditions for Manassas, Virginia - 08/10/08 04:29 PM
As of August 10, 2008, there are 1,544 active residential listings in Manassas (including the City of Manassas and Manassas Park) and the average number of days on market is 137. The list prices range from $47,900 to $1,499,999; the average list price is $254,497 and the median is $198,950. The … (0 comments)
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market conditions: Updated Market Conditions for Leesburg, Virginia - 08/10/08 04:25 PM
As of August 10, 2008, there are 752 active residential listings in Leesburg and the average number of days on market is 167. The list prices range from $69,900 to $5,000,000; the average list price is $608,025 and the median list price is $465,500. The current market absorption rate is 6.65.
… (0 comments)
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market conditions: Updated Market Conditions for Herndon, Virginia - 08/10/08 04:20 PM
As of August 10, 2008, there are 496 active residential listings in Herndon and the average number of days on market is 126. The list prices range from $94,905 to $1,990,000; the average list price is $413,053 and the median is $332,250. The current market absorption rate is 3.26.
152 residential … (0 comments)
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market conditions: Updated Market Conditions for Chantilly, Virginia - 08/10/08 04:06 PM
As of August 10, 2008, there are 261 active residential listings in Chantilly and the average number of days on market is 116. The list prices range from $112,900 to $1,795,000; the average list price is $505,573 and the median is $449,999 The current market absorption rate is 4.75.
55 residential … (0 comments)
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market conditions: Updated Market Conditions for Centreville, Virginia - 08/10/08 03:54 PM
As of August 10, 2008, there are 435 active residential listings in Centreville and the average number of days on market is 112. The list prices range from $114,900 to $1,750,000; the average list price is $376,423 and the median is $324,000. The current market absorption rate is 4.53.
96 residential … (0 comments)
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market conditions: Updated Market Conditions for Ashburn, Virginia - 08/10/08 03:47 PM
As of August 10, 2008, there are 461 active residential listings in Ashburn and the average number of days on market is 126. List prices range from $148,500 to $1,690,000; the average list price is $506,690 and the median list price is $445,875. The current market absorption rate is 3.84.
120 … (0 comments)
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market conditions: Marin County and Southern Sonoma County Real Estate Market Conditions Update for July 2008 - 08/10/08 11:35 AM
… (0 comments)
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market conditions: Marin County, CA Real Estate Market Conditions Update ~ July 2008 - 08/10/08 11:32 AM
As of August 5, 2008 22% of available listings in Marin County are in escrow.
For the month of July 2008 231 homes sold in Marin County for an average final selling price of $1,090,461.
The range of final selling prices was from a low of $165,000 for a condo in … (0 comments)
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market conditions: Tiburon, CA Real Estate Market Conditions Update ~ July 2008 - 08/10/08 11:30 AM
As of August 5, 2008 only 14% of available listings in Tiburon are in escrow.
For the month of July 2008 11 homes sold in Tiburon for an average final selling price of $1,655,227.
The average original asking price was $1,812,355.
The range of final selling prices of these homes was … (0 comments)
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market conditions: Sausalito, CA Real Estate Market Conditions Update ~ July 2008 - 08/10/08 11:27 AM
As of August 5, 2008 a mere 9% of available listings in Sausalito are in escrow.
For the month of July 2008 only 9 homes sold in Sausalito for an average final selling price of $889,111.
The average original asking price of these homes was $953,605.
The range of final selling … (0 comments)
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market conditions: San Rafael, CA Real Estate Market Conditions Update ~ July 2008 - 08/10/08 11:25 AM
As of August 5, 2008 25% of available listings in San Rafael are in escrow.
For the month of July 2008 49 homes sold in San Rafael for an average final selling price of $791,750.
The average original asking price of these homes was $838,168.
The range of final selling prices … (0 comments)
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market conditions: San Anselmo, CA Real Estate Market Conditions Update ~ July 2008 - 08/10/08 11:23 AM
As of August 5, 2008 only 18% of available listings in San Anselmo are in escrow.
For the month of July 2008 13 homes sold in San Anselmo for an average final selling price of $1,429,462.
The average original asking price of these homes was $1,484,538.
The range of final selling … (0 comments)
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market conditions: Ross, CA Real Estate Market Conditions Update ~ July 2008 - 08/10/08 11:19 AM
As of August 5, 2008 only 18% of available listings in Ross are in escrow.
For the month of July 2008 only 2 homes sold in Ross for an average final selling price of $2,025,000.
The average original asking price of these homes was $2,587,000.
The two final selling prices were … (0 comments)
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market conditions: Letters to the Great Swami Seeking Answers on the Market, the Market Bottom, and the Real Estate Recovery - 08/09/08 08:03 PM
Dear Real Estate Swami:
A couple of months ago I read something in one of your posts about the Jacksonville, Florida, Real Estate market being in a possible recovery. Are we in a recovery and if so, do you have any idea when home prices in Jacksonville will … (4 comments)
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market conditions: My August Real Estate Update - 08/09/08 01:02 PM
… (0 comments)
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market conditions: July 2008 Real Estate Market Conditions for Black Hawk and Piedmont in the Black Hills of South Dakota - 08/08/08 03:31 PM
During the month of July, 2008 there were 17 new residential listings in and around the Black Hawk and Piedmont area compared to 26 last month. The total # of homes for sale is 109 compared to 117 last month. 17 homes have sold or are under contract compared to 13 … (0 comments)
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market conditions: July 2008 Real Estate Market Conditions for Hill City and the Central Black Hills of South Dakota - 08/08/08 03:26 PM
During the month of JUly 2008 there were 14 new residential listings in and around the Hill City area. The total # of homes for sale is 55. And no homes have sold or were under contract. Avg. price of a home in the Black Hills since last month is $185,359 … (2 comments)
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market conditions: July 2008 Real Estate Market Conditions and Statistics for Rapid City South Dakota in the Black Hills - 08/08/08 03:19 PM
During the month of July, 2008 there were 102 new residential listings in and around the Rapid City area as compared to 114 last month. The total # of homes for sale is 406 as compared to 376 last month, which reflects single family homes only. And 50 homes have sold … (0 comments)
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market conditions: What do Double Dutch Jump Roping & Real Estate Have in Common? A Market Analysis for Blue Ridge, GA - 08/08/08 09:24 AM
Ever watch Double Dutch? It's not your mother's jump roping! The sport involves at least three people and two ropes. One person jumps while the other two rotate the ropes. More than one person can jump at the same time, and there is often some kind of gymnastics or breakdancing involved in the jumping. It … (2 comments)
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market conditions: Mill Valley, CA Real Estate Market Conditions Update ~ July 2008 - 08/07/08 06:45 PM
As of August 5, 2008 21% of available listings in Mill Valley are in escrow.
For the month of July 2008 30 homes sold in Mill Valley for an average final selling price of $1,653,445.
The average original asking price of these homes was $1,749,798.
The range of final selling prices … (0 comments)
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market conditions: Larkspur, CA Real Estate Market Conditions Update ~ July 2008 - 08/07/08 06:42 PM
As of August 5, 2008 25% of available listings in Larkspur are in escrow.
For the month of July 2008 only 9 homes sold in Larkspur for an average final selling price of $1,514,889.
The average original asking price of these homes was $1,642,544.
The range of final selling prices was … (0 comments)
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market conditions: Good News For York County, Maine - 08/07/08 05:36 PM
Good News For York County, MaineIt looks like things are turning around for the county of York, Maine. As of today, the county is no longer in a "Declining Market"!This means good things for residents
and would-be residents.
Loan processing will become easier.
Appraisals will be positively effected as well. … (0 comments)
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market conditions: The Trend is our Friend??? Does 1 month make a trend? - 08/07/08 03:38 PM
Pending home sales rebounded by 5.3% in June, according to the National Association of Realtors (NAR), against expectations that the index would fall by 1.0%. The bounce is better than the most optimistic forecasts and follows a downwardly revised 4.9% drop in the prior month.
This is the second unexpected bounce … (7 comments)
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market conditions: Denver Market Continues to Tighten - Median Price Housing Shortage Looms? - 08/07/08 02:39 PM
Is Denver facing a housing shortage? Well, maybe not a comprehensive shortage, but one where it counts - right in the market sweet spot, the median priced home.
Over the past few months Denver has been acting countercyclically to the national market. If you read my monthly blog, accessible from my … (0 comments)
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market conditions: Asheville, Buncombe County, NC: Real Estate - Active Residential Listings Statistics - July 2008 - 08/07/08 11:29 AM
JULY 2008
Buncombe County is the home of Asheville, NC.
Buncombe County and the surrounding areas of Asheville, Leicester, Black Mountain, Biltmore Forest, and Arden like the rest of the country, has been experiencing many changes in the real estate market, some good and some, not so good.
There has been a slight … (1 comments)
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market conditions: Are Homes Still Selling in Los Osos? - 08/07/08 12:26 AM
Los Osos saw the highest drop of 34% in home sales in the first half of 2008. During that period, only 44 stick-built single-family homes were sold, compared to 67 homes in 2007.
While fewer homes did sell, home sales improved to the range of $266,061-$970,000 in the first … (0 comments)
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market conditions: Homes Sales & Prices in Cambria, CA - 08/07/08 12:20 AM
Like other areas in San Luis Obispo County, Cambria suffered a big drop (-30%) on home sales during the first six months of this year. Compared to the same period last year, only 35 stick-built single-family residences sold versus 55 homes a year ago.
To compound matters, the time needed to … (0 comments)
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market conditions: Are Homes Moving In Morro Bay? - 08/07/08 12:02 AM
SOLD!
Compared to the same period in 2007, the number of stick-built single family properties sold in the first half of 2008 decreased by 24%, or only 47 homes. At the same time, those properties took an additional 18 days to sell, versus 137 in the first … (0 comments)
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market conditions: Home Sales in Cayucos Holding Status-Quo - 08/06/08 11:26 PM
Sales of stick-built single-family homes in Cayucos did not suffer during the first half of 2008 when compared with the same period a year ago. In both periods, the same number of properties, i.e. 11 sold.
Interestingly, the marketing time decreased by 17% to 110 days during the first six … (0 comments)
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market conditions: Phoenix (Ahwatukee) Home for Sale Priced to Sell - 08/06/08 03:27 PM
Thanks for visiting my blog!! Attached is a flyer for my brand new listing in Ahwatukee. It is at a great price at $325,000. The sellers are extremely motivated and all offers will be considered.
Please remember you can always search the MLS for Free just click the yellow button below.......
… (0 comments)
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market conditions: Consider an E-Farm… - 08/06/08 01:47 PM
If so many consumers are going online, consider looking at your business from a different perspective.
Think about creating an E-farm! Build a database of prospects, sphere, people from your geo farm. I know some people say real estate is not a numbers game. Actually, it is.
It is a numbers … (4 comments)
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market conditions: Statistics because I was curious. For what it's worth from Naples, Florida. - 08/05/08 07:08 PM
Naples, Florida (Collier County) June '08 vs. The Best (or worst) months since September '06
Inventory 10760 vs. 12267 (02/07) -14%
Sold 463 vs. 499 (05/08) -7.7%
Pending 408 vs. 503 (03/07) -23.2%
Avg. List Price (in thousands) 705 vs. 830 (09/06) -17.7%
Avg. Sold price (in thousands) 628 vs. 847 … (1 comments)
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market conditions: There's nothing wrong with it! Except one thing… - 08/04/08 02:40 PM
It goes without saying that we're all facing a number of challenges in the market right now. Sellers think their homes are still worth prices paid in 2005 & 2006. Buyers think home prices will keep dropping and, thus, make them more affordable.
But one reaction to current market prices makes … (11 comments)
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market conditions: Raleigh Home Values Continue to Rise - 2nd Quarter 2008 Reports Show Solid Appreciation - 08/04/08 11:35 AM
Raleigh Relocation - Triangle Market Reports
Home Values in Raleigh Continue to Rise
Steady Appreciation Across Five Triangle NC Counties
Second Quarter results are just being released - and those results are very positive for home values in the Raleigh/Durham/Chapel Hill area.
While other areas of the country may be struggling to as a … (0 comments)
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market conditions: 40% of California's 2nd Quarter Sales Were Foreclosures - 08/04/08 10:05 AM
'Foreclosure frequency in O.C. looks pretty good vs. the rest of the state, where 40% of second-quarter sales had previously been through a foreclosure (And it was 73.3% in Merced!)', according to Jonathon Lansneron his Orange County Real Estate Blog. He also stated that Orange County didn't look too bad by … (6 comments)
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market conditions: Housing Stimulus Bill Passed on 7/30 - 08/04/08 08:10 AM
On July 30th the President signed into effect the "Housing and Economic Recovery Act of 2008" without much fanfare from the Whitehouse or the Press. I don't even remember hearing anything about it on CNN or any other network news shows. So, what's the big deal? Well, maybe there is no … (0 comments)
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market conditions: Mortgage Bonds, Interest Rates & The Economy Ohhh Noooooo! - 08/03/08 06:54 PM
Here's a newsletter I provide to my clients who are looking to buy In Santa Clarita, California. I find its helpful with their decision whether to buy or not, because it gives them an understanding of how mortgage bonds are tied to interest rates and the economy.
… (0 comments)
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market conditions: The market goes up and the market goes down just like gas prices...just not as quickly - 08/03/08 01:10 AM
Well we have seen some relief at the pumps but we sure have not seen much relief in the foreclosure homes coming to the market.
The issue with foreclosure homes is two major ones as I see it. They can be a great bargain if you go into the process knowing … (8 comments)
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market conditions: Who Said We Were In a Bad Market? - 08/03/08 12:33 AM
Who Said We Are in a "Bad Market?"
I am so sick of hearing this I almost puke. We are not, repeat not, in a bad market for home buyers right now. We are in one heck of a good market, regardless of the kind of property you are looking … (2 comments)
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market conditions: 7% Of Renters Ready To Buy As Median Price Continues To Drop. - 08/02/08 01:10 AM
High home prices, H.R. 3221 doing away with the down payment assistance programs, and concerns over the economy are the major obstacles blocking first time buyers from buying a home. However, as many as 7 percent of renters plan to jump into the market within the next 12 months to take advantage of current market conditions.
… (0 comments)
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market conditions: What's Going On In Our Real Estate Market - 08/01/08 11:50 AM
First of all, let's talk rates. Here's a graph of the National Average Contract Mortgage Rates for the last 45 years.
Copyright © 2008 Mortgage-X.com
Source: www.mortgage-x.com
Reprinted with permission
If someone tells you that "rates are kinda high these days", just grin and nod. Many of my friends , family … (6 comments)
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market conditions: June 2008 Real Estate Market Conditions and Statistics for Rapid City South Dakota in the Black Hills - 08/01/08 01:32 AM
During the month of June, 2008 there were 114 new residential listings in and around the Rapid City area as compared to 97 last month. The total # of homes for sale is 376 as compared to 371 last month, which reflects single family homes only. And 53 homes have sold … (0 comments)
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market conditions: June 2008 Real Estate Market Conditions for Hill City and the Central Black Hills of South Dakota - 08/01/08 01:30 AM
During the month of June 2008 there were 9 new residential listings in and around the Hill City area. The total # of homes for sale is 47. And no homes have sold or were under contract. Avg. price of a home in the Black Hills since last month is $186,288 … (0 comments)
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market conditions: June 2008 Market Conditions for Ellsworth Air Force Base Box Elder, South Dakota - 08/01/08 01:28 AM
During the month of June, 2008 there were 7 new residential listings in and around the Ellsworth AFB/Box Elder area compared to 16 last month. The total # of homes for sale is 97 compared to 102 last month, which reflects single family homes only. And 7 homes have sold or … (0 comments)
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market conditions: June 2008 Real Estate Market Conditions for Black Hawk and Piedmont in the Black Hills of South Dakota - 08/01/08 01:27 AM
During the month of June, 2008 there were 28 new residential listings in and around the Black Hawk and Piedmont area compared to 26 last month. The total # of homes for sale is 117 compared to 116 last month. 13 homes have sold or are under contract compared to 13 … (0 comments)
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market conditions: Greater Phoenix Area Real Estate Market Update - 07/31/08 08:11 PM
It’s here again: time to produce my monthly Phoenix area real estate news video for Realty Times. Read on for a snapshot of what went on in the Phoenix area in June.
Did you miss my last Realty Times news video? You can check it out here: http://realtytimes.com/REUv/BobStahl
Enjoy!
… (0 comments)
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market conditions: Summit County Inventory Numbers Rise in 2008. Now is the time to Buy! - 07/31/08 04:52 PM
Why is now a good time to buy in Summit County Colorado?
Summer is high real estate season in Summit County. More than 70% of sales occur between June and October. This summer, compared to last summer, the amount of properties for sale in all Summit County communities is double to … (0 comments)
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market conditions: Federal housing credit - 07/31/08 11:15 AM
As you are probably aware, the president signed into law the new housing bill. We are getting some preliminary indications of exactly what effect this will have on the mortgage industry and there are some dramatic changes. Some appear to be very positive and some I have my reservations about (the … (0 comments)
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market conditions: Burlington County Market Update - 2Q 08 - 07/31/08 08:41 AM
Burlington County Real Estate Market Update - 2Q 08
Supply and Demand
If you read through my Camden County update, then the chart below should look very familiar. Burlington County had been fairing pretty well until the summer hit. As you can see, the number of homes for sale jumped way … (0 comments)
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market conditions: Sales are up and Gas Prices Down (a little) - 07/30/08 11:56 PM
At our weekly business meeting, our managing Broker shared some Great News with us! In our area home sales were up by 3.6% over sales in May! Before the sales meeting, I stopped by the Gas Station and paid thirty-five cents less per gallon for gas! What a Fantastic way to … (0 comments)
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market conditions: Keeping In Touch Newsletter - 07/30/08 08:42 AM
THIS NEWLETTER WAS SENT TO THE 350 PEOPLE THAT WE'VE SURVICED OVER THE PAST 3 YEARS AS WE'RE BUILDING OUR BUSINESS.
Homes By Owner ...... Keeping In Touch Here's a little info designed to thank you for your business and inform you about real estate market conditions. Whether you … (2 comments)
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market conditions: Are the hungry REALTORS eating? - 07/30/08 02:26 AM
After visiting with hundreds of REALTORS this year it seems to me that those who are hungry are eating. I ask every REALTOR that I meet how is business. The answers are all over the board with confused looks as if they really do not know. If your new to this … (7 comments)
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market conditions: RENT VS. BUY IN CAPE CORAL AND FORT MYERS - 07/29/08 11:06 PM
Recently I've been working with a young single father looking to buy a home. It is critical that his payment stay in an affordable range near his rent payment. He is admittedly living in a less than desirable location on a main road in a duplex but he makes only so … (0 comments)
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market conditions: Central San Diego real estate - What's happening NOW - 07/28/08 11:23 PM
As a Realtor in the San Diego area, I have seen the rise and fall of this huge real estate tidal wave. When you look at the curve of median home prices in Central San Diego (Bay Park, Clairemont, UTC, Mira Mesa, etc.) from 2004 to 2008, it is shaped like a big … (11 comments)
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market conditions: OPEN HOUSES ARE IMPORTANT FOR SELLERS IN A BUYERS' MARKET - 07/28/08 04:07 PM
OPEN HOUSES ARE IMPORTANT FOR SELLERS IN A BUYERS' MARKET
Realtors® used to quote the accepted statistic that only two percent (2%) of homes sell from Open Houses. The thought was that Realtors® used Open Houses to find new Buyer clients to sell other homes on the market.
Flash forward to … (0 comments)
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market conditions: housing stimulas package - 07/28/08 01:57 PM
First Time Home Buyers qualify for a $7,500 Tax Credit(Married of Single) on the purchase of a home to be used as a principal residence.
Buyer cannot have owned a residence in the past 3 years.
Any property that qualifies for Mortgage Interest Deductability qualifies.
Income limit.....$75,000 for an individual and … (0 comments)
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market conditions: goverment bailout? - 07/28/08 10:57 AM
Over the weekend the Senate passed ground braking legislation aimed at helping troubled homeowners, adding confidence to the mortgage markets, and encouraging home buying by first time homebuyers. The same bill was passed by the House of Representatives last week (as described below) and the President has publically said that he … (0 comments)
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market conditions: Summit County Market Trends -- January to June Comparision Over 4 years. - 07/25/08 05:36 PM
In this edition of Amy's number crunching, I will break down residential real estate trends by community. The data below reflects sales from January through June for years 2005 through 2008. While sales activity has slowed in the first half of 2007 to 2008, most Summit County's properties continue to see increased … (1 comments)
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market conditions: CNBC's Larry Kudlow hints at housing recovering - 07/25/08 01:30 PM
Larry Kudlow is joining fellow CNBC personality Jim Carmer in discussing housing very favorably this week. Cramer stated that it was now time to buy a house and Kudlow is taking mainstream media to task for remaining pessimistic while there is strong data to support the slowdown's end is near if not … (2 comments)
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market conditions: A Change in the BC Real Estate Market - 07/24/08 05:20 PM
After five years of blockbuster activity and double-digit price growth here in BC, real estate market conditions have slowed, and now favour buyers in many areas of the province.
Across the province, residential sales have declined 22 per cent in the first six months of this year, while available resale … (0 comments)
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market conditions: Signs that the end is near!!! - 07/24/08 05:12 PM
SOME HAVE LABELED ME A OPTIMIST. I do truly believe that you get what you expect to get, and while the media still continues it's doom and gloom. I am happy to report that my business is getting stronger! I have to attribute that to hard work. I am working harder … (2 comments)
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market conditions: REO Insurance Claims - Is your new home uninsureable??? - 07/24/08 01:04 AM
We all know that lender owned homes are hot in this market. Many of the homes are listed and in escrow within a week. With more and more of these homes selling, there is a not-so-talked-about issue that I believe will be upsetting many new homeowners in the near future...
Here is the scenario:
… (4 comments)
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market conditions: CNBC's Jim Cramer Says "Buy A House - NOW!!!" - 07/23/08 10:25 PM
Let's face it, CNBC can be pretty boring for most folks. But interesting personalities like Jim Cramer take the relatively mundane topic like stock performance and economic conditions, mix it with an exciting "ESPN SportsCenter-esque" format and it is tolerable. And it works, Cramer has tons of followers - almost a … (21 comments)
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market conditions: Market Results in Winter Garden for June 2008 and Active/Pending as of July 15th - 07/22/08 11:27 PM
The sales closed of single family homes in Winter Garden for the month of June were brisk. The average price of a home was between $200,000 and $300,000. The upper priced homes in the above $400,000 range with a pool showed much less marketing time than other price brackets. FHA loans … (0 comments)
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market conditions: How Wide Have You Cast Your Net? Farming in a Tough Market... - 07/22/08 11:01 AM
I've ridden some ups and downs in my 8 years of real estate, but the market is tougher than it's ever been in the Raleigh-Durham, NC market. I'm thankful that we still have a steady market without huge drops in value but sales last month were still down 36%. So many factors contribute to … (3 comments)
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market conditions: Southern Scottsdale Median Home Values - 07/21/08 06:48 PM
We have a new system for our MLS and I am starting to get the hang of it. I am really excited about the ability to pull median home prices (instead of average). Here is a graph showing the median home sale values in Southern Scottsdale over the last year (per … (0 comments)
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