market conditions: 2007 Big Bear Real Estate Market - Slowest Year For Sales In The Last 20 Years - 12/23/07 06:15 PM
The number of properties sold in Big Bear in 2007 will end up being the lowest amount in more that 20 years. We still have about 10 days left to go but I think it is safe to come out and claim this at this point. Click here to see the … (2 comments)
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market conditions: Burlington County, NJ - Nov '07 Market Update - 12/21/07 03:39 PM
I'm trying something a little different these days. I've decided to give a market update video style. This is my first one so please go easy on me as I work out the kinks!
If you have trouble with the video, the market update can be found here...Burlington County Real Estate … (2 comments)
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market conditions: Metro Atlanta Market: Year In Review | Atlanta, Alpharetta, Duluth, Dacula, Lawrenceville Homes For Sale & Real Estate - 12/21/07 03:34 PM
Year in Review: Atlanta Market.
I selected some major cities to give you a sample of what happened this year.
ATLANTA REAL ESTATEIn the City of Atlanta, there are currently 7,048 Single Family Homes on the market with an average price of $488K. It's no wonder our markets are they way they … (0 comments)
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market conditions: Neighborhood Spotlight- Mission/South Fremont CA - 12/21/07 12:41 PM
This is my first in a series of Neighborhood Spotlights- designed to inform people about the Bay Area and its diverse cities and neighborhoods.
The Mission/South Fremont Neighborhood in Fremont is a very wonderful place to live. The schools are some of the best in the Bay area, there are plenty … (0 comments)
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market conditions: The Bradenton Florida Real Estate Market is Beginning to Recover - 12/20/07 06:47 AM
For those of you who may not remember our Bradenton - Sarasota, Florida real estate market was number one in the nation for appreciation in 2005. We saw 35 percent price growth that year and 150 percent growth over a 5 year period. Today, our market has declined 24.7 percent (from 2005) and … (8 comments)
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market conditions: HOUSTON HEIGHTS - DECEMBER 2007 - MARKET CONDITIONS REPORT - 12/20/07 01:53 AM
This historical neighborhood, with a mixture of bungalow, Victorian homes, and new construction (as well as some industrial and commercial property) was originally established as a planned community in the late 1890s. The location was partially chosen because it was 23 feet higher than downtown Houston, located 4 miles away. In … (4 comments)
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market conditions: HOUSTON, TEXAS - DECEMBER 2007 - MARKET CONDITIONS REPORT - 12/20/07 01:45 AM
Known as both the Bayou City and Space City, Houston was founded in 1836 and named after General Sam Houston. With a population of close to 2 million, it's the 4th largest city in the United States. The city has been a dynamic center of business since the early 1900s and … (0 comments)
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market conditions: BELLAIRE, TEXAS - DECEMBER 2007 - MARKET CONDITIONS REPORT - 12/20/07 01:35 AM
Bellaire, Texas, located on both sides of Interstate Loop 610 West, is surrounded by Houston and many subdivisions including West University Place, Southside Place, Meyerland, Willow Meadows, and Afton Oaks. It's a very short distance to the Galleria, Reliant Stadium, downtown Houston, the Theater District, and the Medical Center.
Bellaire is zoned … (0 comments)
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market conditions: Tempe and metro Phoenix 6 year sales data - the big picture - 12/18/07 11:56 PM
I read a post by Bryant Tutas discussing perception of market data, looking at sales data for his area since 2002. As he was inspired by another blogger, I was inspired to review data for Tempe and the metro Phoenix area. Here’s similar data I got from the Arizona Regional … (2 comments)
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market conditions: Hey!! Bubble heads......read this!! - 12/18/07 03:32 PM
Hi folks. How many of you have heard "REALTORS® are the reason prices skyrocketed so high during the boom"? I know I have. Especially from the "bubble heads". They feel that we were out there setting prices higher and higher because the Buyers would pay it. There is some truth to … (92 comments)
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market conditions: Brokers Not Responsible for Mortgage Mess? - 12/17/07 03:13 PM
On December 16, 2007, the Tennessee Association of Mortgage Brokers' president, Brian Short, was quoted in The Tennessean as saying "I can't see how mortgage brokers are responsible for the increase in foreclosures." Yet, one of the largest lenders with sales channels in both direct sales and via brokers has stated … (6 comments)
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market conditions: Lake Forest Real Estate Market - December 2007 - 12/16/07 10:35 PM
The Lake Forest market, as well as surrounding cities in the South Orange County area, seem to be picking up the pace a little now. The inventory has shrunk some, as many sellers have taken their homes off the market for the holidays, and the prices are now noticeably lower than … (4 comments)
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market conditions: Marin County Average Sales Price and Units Sold 2001 - present - 12/16/07 01:43 PM
The chart below tells the story... Prices are holding--at least in Southern Marin--with volume down from recent years. Novato and Northern San Rafael have been hit the hardest. If you drive through Novato right now seems there are For Sale signs on every street. If you have been thinking about buying … (0 comments)
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market conditions: Columbia Market Report - 12/15/07 10:31 AM
Last week I attended our Board of Realtors Installation and Awards Ceremony. At this ceremony I also learned from our CEO that Residental homes sales for the Columbia, MO market is only down 150 units as of Dec 7th. When you think about hard hit they say the market is I … (0 comments)
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market conditions: Manatee County Market Stats for November - 12/14/07 08:46 PM
Below are the stats for properties that SOLD and closed in November for Manatee County:
Nov 2006# of single family homes SOLD = 204Avg SOLD price for SFR = $349,579Median price for SFR = $276,000# of condos SOLD = 53Avg SOLD price for condos = $230,109Median price for condos = $185,000
Nov 2007# of … (0 comments)
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market conditions: Rate Watch - 12/14/07 04:34 PM
For 12/14/2007...
30 Yr Fixed Conforming - 6%
15 Yr Fixed Conforming - 5.75%
5/1 LIBOR ARM - 6.125%
30 Yr Fixed Jumbo - 6.375%
30 Yr My Community - 6.875%
30 Yr Fixed Interest Only - 6.375%
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Kevin Michelson, CMPS, MBA is one of the few mortgage originators in the state of Tennessee to hold the prestigious designation … (0 comments)
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market conditions: Holiday Cards More Powerful Than Business Cards? I don't think so. - 12/14/07 03:11 PM
Hello everyone. It's the middle of December and I have been hard at work, two closings down and two this month yet to go. I just ordered my big sign from my 1.2 million dollar listing and I am busy pulling together my business plan for next year. Every day I … (32 comments)
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market conditions: FHA Changes Coming for Early 2008? - 12/14/07 11:50 AM
With Subprime lending virtually non-existing, expanding FHA will give the mortgage and Real Estate markets a nice shot in the arm.
FHA Loan Expansion Heading to a Vote
Washington Post (12/14/07) P. D1; Cho, David
Senate legislation to revamp the Federal Housing Administration mortgage program has finally moved out of committee and … (0 comments)
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market conditions: Asheville: Buncombe County, NC Real Estate Market Statistics November 2007 - 12/13/07 02:22 PM
Buncombe County, NC Real Estate Market Statistics November 2006 and 2007
As you can see, the number of homes in the inventory has risen, but so have the Average and Median asking prices. One reason for that is that we now have more homes on the market at or over $1 millon. … (0 comments)
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market conditions: Orlando Foreclosure List ~ Updated - 12/13/07 02:20 PM
We have recently updated our Orlando Foreclosure List ~ No Registration RequiredCentral Florida Foreclosure List East Orlando Homes 595 Listings East Orlando Townhomes & Condos 175 Listings
West Orlando Homes 446 Listings West Orlando Townhomes & Condos 167 Listings
Seminole County Homes 216 Listings Seminole County Townhomes & Condos 66 Listings
SE Orlando Homes 83 Listings SE … (2 comments)
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market conditions: Sacramento - November 2007 Statistics - 12/11/07 05:54 PM
The November numbers just came out...I wish there were enough space on this blog to post all the graphs that show what our market is doing, but unfortunately there just is not enough. If anyone wants me to email them all of the graphs showing price per square foot, inventory, days … (4 comments)
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market conditions: Sumter, SC Real Estate Market Update, November 2007 Results - 12/11/07 03:26 PM
In my first blogs about the Sumter, SC real estate market, I covered units sold through October and the average number of days on the market. This blog contains the updates for November 2007 and some further discussion about the Sumter Real Estate Market.
The number of units sold in November … (0 comments)
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market conditions: I'm waiting till they drop lower - 12/11/07 01:38 PM
Most every competent mortgage person will tell you...
When the feds change the rates they are responsible for (Fed Funds and Discount) it has little effect on the actual mortgage rates you and I get to pay.
So the Fed's decided to lower the Fed Funds Rate .25 bps and lower the Discount Rate .25 pbs.
Did Mortgage Rates go … (7 comments)
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market conditions: More Great News - Greater Pittsburgh Real Estate Market - 12/11/07 12:45 PM
No more gloom and doom talk around here!
STOP THAT IMMEDIATELY!
Here are the latest statistics, released by West Penn Multi-List, for the Greater Pittsburgh real estate market!
New Listings are down only 4.3% from last year.
Closed sales are down only 2.8%! Many parts of the country are seeing a 20-30% drop in closed … (2 comments)
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market conditions: Being a Home Buyer Today is Like Being at a Middle School Dance - 12/11/07 08:32 AM
OK, let's be honest about our Middle School experiences. There probably isn't a time in life were being like everyone else is as important as Middle School - just fitting in is an accomplishment. So when the school dance came around, you probably did what just about everyone else did - … (1 comments)
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market conditions: I'M EXCITED...IT JUST MIGHT BE A MERRY CHRISTMAS! - 12/11/07 06:42 AM
Geneva, IL is such a special place this time of year. All of the little white lights on Third St. make it look so festive. The Christmas Walk was last weekend which always a great crowd. The Geneva Chamber of Commerce does a fantastic job of coordinating these neat events and … (0 comments)
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market conditions: Atascocita, TX Real Estate Market Report Months of Inventory - 12/10/07 10:17 PM
The months of inventory report for the Atascocita area including Huffman, Crosby, Walden on Lake Houston, Eagle Springs, Lakeshore, Summer Lake Ranch, Summerwood, and Fall Creek indicates that it is a seller's market. The months of inventory as of December 4, 2007 is 6.4 months. The sold data from the previous … (3 comments)
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market conditions: Tequesta Real Estate Market Conditions Report - 12/10/07 07:50 PM
********Subject: Tequesta Real Estate Market ConditionsBody: Tequesta Real EstateWe here at the Frank Verna, PA continuously monitor local real estate statistics to keep our clients informed and ahead of the real estate trends. Below you will find Tequesta real estate statistics from December 1st through December 9th. The following includes information for Tequesta and surrounding communities.New … (2 comments)
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market conditions: Palm Beach Gardens Real Estate Market Conditions Report - 12/10/07 07:46 PM
********Subject: Palm Beach Gardens Real Estate Market ConditionsBody: Palm Beach Gardens Real EstateWe here at the Frank Verna, PA continuously monitor local real estate statistics to keep our clients informed and ahead of the real estate trends. Below you will find Palm Beach Gardens real estate statistics from December 1st through December 9th. The following includes … (0 comments)
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market conditions: Juno Beach Real Estate Market Conditions Report - 12/10/07 07:43 PM
********Subject: Juno Beach Real Estate Market ConditionsBody: Juno Beach Real EstateWe here at the Frank Verna, PA continuously monitor local real estate statistics to keep our clients informed and ahead of the real estate trends. Below you will find Juno Beach real estate statistics from December 1st through December 9th. The following includes information for Juno Beach and surrounding … (0 comments)
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market conditions: Business Plans: Include Personal Commitments - 12/09/07 11:34 PM
I love this time of year because it really allows you to knuckle down and reflect realistically at what you have done and how you have grown, while still focusing peripherally to broadcast ground for the garden of your dreams.
I'm happily planning well into 2010 with the steps I am taking now. I'm … (5 comments)
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market conditions: Marin County Real Estate Market Conditions Update ~ November 2007 - 12/09/07 12:06 PM
As of December 6, 2007 16% of available listings in Marin County are in escrow, indicating a Buyer's Market. Of course, this will vary from town to town. But, overall, it's a great time to buy real estate in Marin County.
For the month of November 2007 171 homes sold in Marin … (0 comments)
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market conditions: Tiburon, CA Real Estate Market Conditions Update ~ November 2007 - 12/09/07 12:02 PM
As of December 6, 2007 21% of available listings in Tiburon are in escrow.
For the month of November 2007 19 homes sold in Tiburon, for an average final selling price of $1,890,000.
The average original asking price of these homes was $1,986,315.
It took these homes an average of 67 days to sell.
Of … (2 comments)
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market conditions: Sausalito, CA Real Estate Market Conditions Update ~ November 2007 - 12/09/07 12:00 PM
As of December 6, 2007 22% of available listings in Sausalito are in escrow.
For the month of December 2007 10 homes sold in Sausalito, for an average final selling price of $1,708,400.
The average original asking price of these homes was $1,794,600.
It took these homes an average of 40 days to sell.
Of … (0 comments)
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market conditions: San Rafael, CA Real Estate Market Conditions Update ~ November 2007 - 12/09/07 11:56 AM
As of December 6, 2007 15% of available listings in San Rafael are in escrow.
For the month of November 2007 38 homes sold in San Rafael, for an average final selling price of $1,000,838.
The average original asking price of these homes was $1,122,053.
It took these homes an average of 83 days … (0 comments)
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market conditions: San Anselmo, CA Real Estate Market Conditions Update ~ November 2007 - 12/09/07 11:53 AM
As of December 6, 2007 37% of available listings in San Anselmo are in escrow.
For the month of November 2007 8 homes sold in San Anselmo, for an average final selling price of $1,253,250.
The average original asking price of these homes was $1,284,250.
It took these homes an average of 33 days … (0 comments)
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market conditions: Ross, CA Real Estate Market Conditions Update ~ November 2007 - 12/09/07 11:48 AM
As of December 6, 2007 only a miniscule 6% of available listings in Ross are in escrow. The other 94% are waiting for your offer!
For the month of November 2007 only 2 homes sold in the small town of Ross, for an average final selling price of $1,260,000.
The average original asking … (0 comments)
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market conditions: Novato, CA Real Estate Market Conditions Update ~ November 2007 - 12/09/07 11:45 AM
As of December 6, 2007 only 12% of available listings in Novato are in escrow. That means that 88%, and growing, are available. It is definitely a Buyer's Market in Novato.
This current market is an excellent opportunity for buyers to get into Marin County. Many of these sellers truly need to … (0 comments)
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market conditions: Mill Valley, CA Real Estate Market Conditions Update ~ November 2007 - 12/09/07 11:40 AM
As of December 6, 2007 18% of available listings in Mill Valley are in escrow.
For the month of November 2007 26 homes sold in Mill Valley for an average final selling price of $1,426,435.
The average original asking price of these homes was $1,500,115.
It took these homes an average of 61 days … (0 comments)
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market conditions: More Thoughts on the Bush Administration's Rate Freeze Plan - 12/08/07 10:02 PM
A few days ago, I made some comments about the new rate freeze plan based on the details that were out at the time. See Help on the Horizon for Sub-Prime Borrowers? Now that more details are known, I am a lot more skeptical about the positive effect that this plan … (6 comments)
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market conditions: Larkspur, CA Real Estate Market Conditions Update ~ November 2007 - 12/08/07 01:04 PM
As of December 6, 2007 21% of available listings in Larkspur are in escrow. This quaint little town is bucking all the trends -- and I can see why. I love this town!
For the month of November 2007 5 homes sold in Larkspur, for an average final selling price of $1,504,600.
The average original … (0 comments)
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market conditions: Kentfield, CA Real Estate Market Conditions Update ~ November 2007 - 12/08/07 01:00 PM
As of December 6, 2007 10% of available listings in Kentfield are in escrow.
For the month of November 2007 7 homes sold in Kentfield, for an average final selling price of $1,768,798.
The average original asking price of these homes was $1,926,286.
It took these homes an average of 60 days to sell.
Of the 7 homes that … (0 comments)
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market conditions: Greenbrae, CA Real Estate Market Conditions Update ~ November 2007 - 12/08/07 12:51 PM
As of December 6, 2007 17% of available listings in Greenbrae are in escrow.
For the month of November 2007 6 homes sold in Greenbrae, for an average final selling price of $896,075.
The average original asking price of these homes was $934,333.
It took these homes an average of 33 days to sell.
Of the 6 homes that … (0 comments)
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market conditions: Fairfax, CA Real Estate Market Conditions Update ~ November 2007 - 12/08/07 12:49 PM
As of December 6, 2007 20% of available listings in Fairfax are in escrow.
For the month of November 2007 only 3 homes sold in Fairfax, for an average final selling price of $824,667.
The average original asking price of these homes was $861,000.
It took these homes an average of 34 days to sell.
Of the 3 homes that … (0 comments)
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market conditions: Corte Madera, CA Real Estate Market Conditions Update ~ November 2007 - 12/08/07 12:46 PM
As of December 6, 2007 26% of available listings in Corte Madera are in escrow.
For the month of November 2007 6 homes sold in Corte Madera, for an average final selling price of $732,833.
The average original asking price of these homes was $758,083.
It took these homes an average of 52 days to sell.
Of the 6 … (0 comments)
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market conditions: Sonoma, CA Real Estate Market Conditions Update ~ November 2007 - 12/08/07 12:44 PM
As of December 6, 2007 a paltry 9% of available listings in the beautiful town of Sonoma are in escrow.
For the month of November 2007 25 homes sold in Sonoma (up from 14 in October), for an average final selling price of $871,074.
The average original asking price of these homes was $942,600.
It took … (0 comments)
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market conditions: Petaluma, CA Real Estate Market Conditions Update ~ November 2007 - 12/08/07 12:40 PM
As of December 6, 2007 17% of available listings in Petaluma are in escrow.
For the month of November 2007 31 homes sold in Petaluma, for an average final selling price of $551,677.
The average original asking price of these homes was $607,166.
It took these homes an average of 112 days to sell.
Of … (0 comments)
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market conditions: Marin County and Southern Sonoma County Real Estate Market Conditions for November 2007 - 12/07/07 11:42 AM
… (0 comments)
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market conditions: Duality is Melting My Mind - Economy Strong/Ecomony Bad - Jobs Bad/Jobs Good - What the Heck is Going On? - 12/07/07 09:01 AM
This just in Labor market stronger than expected in November Payrolls up 94,000; jobless rate stays at 4.7% on household survey gains. NO wait I'm sorry...this just in Softness expected in November jobs report...no wait, I'm sorry this just really no in...Trend of jobless claims rises to highest in two years...OKay, … (4 comments)
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market conditions: Realtor - A Deadly Profession? - 12/06/07 09:14 AM
I just heard the news that one of the people that were killed at the tragedy in Omaha yesterday was a Realtor. The Realtor was working in the mall trying to raise additional income to help make ends meet. I don't know the persons name, but think we all should … (3 comments)
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market conditions: Realtor - A Deadly Profession? - 12/06/07 09:14 AM
I just heard the news that one of the people that were killed at the tragedy in Omaha yesterday was a Realtor. The Realtor was working in the mall trying to raise additional income to help make ends meet. I don't know the persons name, but think we all should … (1 comments)
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market conditions: Housing Market Report and Condition for Westminster Carroll County md - 12/06/07 08:52 AM
TEAM UTZ REAL ESTATE OF LEDERER AND COMPANY ASK Buyer's and Seller's the BIG question, for both sides WHEN WILL THE MARKET CHANGE?
For the Buyers, there is no better time then now to buy, but you may be saying, I might get a better deal if the prices keep falling. While … (0 comments)
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market conditions: Market Update - Lake Mary, Florida - 12/06/07 08:12 AM
Real Estate Market Report/Conditions in Lake Mary, FL as of 12/06/2007.
The following is a quick analysis of the re-sale market in Lake Mary within Seminole County, Florida for October 2007, provided by Debbie Summers of RE/MAX Central Realty, in Lake Mary, FL (sales information compiled from the Mid Florida Regional Multiple Listing … (0 comments)
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market conditions: Holding out for a bargain may leave buyers with an empty bag. - 12/06/07 07:06 AM
Looking for a new home under $400K in the Triangle?
Far from the "slump" apparent in other areas of the country, The Triangle housing market remains strong - especially in new homes under $400K.
Home prices are still appreciating at a slow, steady pace - the average sales price in October was 5.6% … (3 comments)
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market conditions: Help on the Horizon for Sub-Prime Borrowers? - 12/06/07 01:13 AM
The problem with the housing market has certainly reached a crescendo in recent months and has gained the attention of the Bush administration recently. The current suggestion is to put a five-year rate freeze on sub-prime mortgages that are currently being paid on time at introductory rates, but are scheduled to … (29 comments)
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market conditions: Greater Albuquerque Real Estate Market News - 12/05/07 09:18 PM
Here is the latest Real Estatet Market update for October 2007: October Stats
Although closed sales are still declining, the average home sales price increased compared to the same time last year.
… (0 comments)
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market conditions: 51st out of 50 for devalued homes in the last year - 12/05/07 05:43 PM
This was the lead story on the local 11:00 o'clock news last night in Battle Creek Michigan. However local Realtors have become accustomed to this type of lead story - were getting to the point where we are fairly numb to it. The last 2 years have been shall we say....challenging … (0 comments)
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market conditions: Rates Too High Part II - 12/05/07 02:05 PM
This one shows the history of rates since 1790. Rates too high? Are you kidding me? Get some perspective...
Provided by Jim McMahan, Mortgage Market Guide
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Kevin Michelson, CMPS, MBA is one of the few mortgage originators in the state of Tennessee to hold the prestigious designation of Certified Mortgage Planning Specialist (CMPS). He … (2 comments)
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market conditions: Rates Are Too High to Buy Now?!?! - 12/05/07 01:56 PM
I recently had a buyer choose to not buy a home because "rates were too high." Certainly an excuse but here's some evidence to fire back at someone if you get the same point of resistence.
Provided by Jim McMahan, Mortgage Market Guide*******************
Kevin Michelson, CMPS, MBA is one of the few mortgage originators … (3 comments)
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market conditions: Mortgage Language 101 - 12/05/07 01:50 PM
Lenders use various indices to adjust interest rates as economic conditions change over time. Lenders add a certain number of percentage points, called a margin, to the index to establish the interest rate borrowers must pay.LIBORLondon Inter-Bank Offered Rate (LIBOR)
LIBOR is the rate of interest that member banks of the British … (2 comments)
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market conditions: Planning for Elderly Parents' Care - 12/05/07 11:41 AM
As our parents grow older and their life expectancy rises to previously unseen levels, we are faced with a growing dilemma: how to finance the higher costs associated with assisted living facilities, in-home care and medical expenses without going broke.We all want to care for our loved ones, but we also … (1 comments)
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market conditions: Thinking of Investing In Real Estate? Read this first! - 12/05/07 11:12 AM
Are you a speculator or investor? Great fortunes can be made and lost in real estate. As a Certified Mortgage Planning Specialist, I am committed, qualified and equipped to help you implement the seven keys to profitable real estate investment: Determine Level of Liquidity - liquidity is the ability to quickly … (0 comments)
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market conditions: 20 Terms You Must Know Before You Sign for a Mortgage - 12/05/07 11:07 AM
Buying a home is a major achievement in most everyone's life. Pride of ownership, tax breaks, equity and the ability to increase your wealth and net worth are just a few of the many benefits you'll enjoy with your new home. Your home purchase may also be one of the largest … (0 comments)
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market conditions: Improving Your Credit Rating - 12/05/07 11:04 AM
As a Certified Mortgage Planning Specialist, I am committed, qualified and equipped to help you improve your credit rating. Your credit scores usually determine the price you pay for your money (your mortgages, your auto loans and leases, your credit cards, business loans, etc.).Perhaps the most significant part of your credit report … (0 comments)
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market conditions: Preparing for Your Children's College Education - 12/05/07 10:41 AM
College costs continue to rise, but a college degree remains an excellent investment. With the proper planning, most families can find a way to afford higher education.You should not try to implement a quick fix to financing a college education. This only results in straddling you or your children with the … (4 comments)
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market conditions: Reducing Debt - 12/05/07 10:37 AM
One commonly overlooked form of "predatory lending" is when banks and mortgage companies repeatedly encourage people to take out larger mortgages and home equity loans for "debt consolidation" or to spend more by basically consuming your home equity. This often results in spreading car loans and credit card balances over 30 … (2 comments)
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market conditions: Refinancing A Mortgage - 12/05/07 10:34 AM
Here are some tips and strategies that save you money when you are in the market to refinance your home loan. Don't get caught in the trap of consuming your home equity by getting deeper into debt to go on vacation, purchase unnecessary items and spread out your car loans and … (0 comments)
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market conditions: Financing a New Home - 12/05/07 10:28 AM
There are many pitfalls you can avoid when you are in the market to buy a new home. Here are just a few tips and strategies to help you prepare for success: Know your credit score. You may be able to get a better mortgage rate and more favorable loan terms … (0 comments)
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market conditions: The Fed Rate Cut - What it Means for You - 12/05/07 10:22 AM
… (2 comments)
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market conditions: What is Mortgage Planning? - 12/05/07 10:16 AM
Most American's spend more time planning their vacation then they do planning their mortgage - usually their largest debt.
While I'm passionate about Mortgage Planning I recognize that it isn't the most thrilling activity for most people. But when we consider the current status of the mortgage market and the huge numbers of foreclosures of home owned by … (3 comments)
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market conditions: Tequesta Real Estate Market Conditions - End of Month Report - Nov 07 - 12/04/07 07:16 PM
********Subject: Tequesta Real Estate Market ConditionsBody: Tequesta Real EstateWe here at the Frank Verna, PA continuously monitor local real estate statistics to keep our clients informed and ahead of the real estate trends. Below you will find Tequesta real estate statistics from November 1st through November 30th. The following includes information for Tequesta and surrounding communities.New homes … (0 comments)
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market conditions: Palm Beach Gardens Real Estate Market Conditions - End of Month Report - Nov 07 - 12/04/07 07:11 PM
********Subject: Palm Beach Gardens Real Estate Market ConditionsBody: Palm Beach Gardens Real EstateWe here at the Frank Verna, PA continuously monitor local real estate statistics to keep our clients informed and ahead of the real estate trends. Below you will find Palm Beach Gardens real estate statistics from November 1st through November 30th. The following … (2 comments)
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market conditions: Juno Beach Real Estate Market Conditions - End of Month Real Estate Report - Nov 07 - 12/04/07 07:07 PM
********Subject: Juno Beach Real Estate Market ConditionsBody: Juno Beach Real EstateWe here at the Frank Verna, PA continuously monitor local real estate statistics to keep our clients informed and ahead of the real estate trends. Below you will find Juno Beach real estate statistics from November 1st through November 30th. The following includes information for Juno Beach and … (0 comments)
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market conditions: How’s The Market? November Stats Are In - 12/04/07 12:32 PM
The Bank of Canada cut it's key overnight interest rate by a quarter of a point today and it will be interesting to see how that may or may not impact our real estate market in the Collingwood - Blue Mountain area.
In the meantime, the November MLS® statistics from the Georgian … (2 comments)
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market conditions: When Do You Think Market Conditions Will Improve - 12/03/07 09:20 PM
I ran into an acquaintance in the coffee shop this morning. We got to talking and he asked me the all too familiar question, "So Bronwyn, things must be tough for you right now. I heard you can't even get a loan if you tried. When do you think market conditions are … (3 comments)
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market conditions: I Bought In A Declining Market - 12/03/07 07:19 AM
The real estate market we are in right now reminds me a lot of the market in the early 1990's when I bought my first home. In the second half of the the 1980's there were significant price increases with a housing slump that followed. Much like what we are experiencing … (0 comments)
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market conditions: Ellsworth AFB / Box Elder, SD - November Market Statistics 2007 - 12/02/07 10:30 PM
During the month of November, 2007 there were 16 new residential listings in and around the Ellsworth AFB/Box Elder area. The total # of homes for sale is 66 which reflects single family homes only. And 26 homes have sold or are under contract. Avg. price of a home in the … (0 comments)
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market conditions: Raleigh NC Real Estate>> What do you get for a cool $1M in the Triangle? Post a link to your area here! - 12/02/07 02:36 PM
I often have clients visiting from other parts of the country deciding if they want to live here. They go online and read about why the Triangle is such a wonderful town to live in. For example, they read Raleigh Considered Best Place to Live in US or Why is the … (6 comments)
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market conditions: October 2007 Metro Phoenix Market Trend Report - 12/01/07 08:58 PM
October 2007 market trend data for Phoenix area cities courtesy of Fidelity National Title. Tempe remained with the best turn-over ratio among Valley cities compared to September, with 1 home sold for every 3.1 listed, although worse than September's 2.7. Three cities improved from September: Phoenix, Scottsdale, and Surprise. All cities still have significantly lower turn-over than October 2006.
Ratios … (0 comments)
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market conditions: A Foreclosure Buyer's Guide to Property Repairs - 12/01/07 02:55 PM
A Foreclosure Buyer's Guide to Property Repairs By Rick Sharga, Vice President of Marketing for RealtyTrac One of the most overlooked and underestimated expenses involved in the purchase of a home is the cost of repairs. Whether the problem is a defective part in an appliance, a structural problem overlooked by … (1 comments)
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market conditions: WELCOME TO PITTSBURGH! NO BUBBLES HERE! - 11/29/07 12:14 PM
More great news today about the Pittsburgh real estate market!
The Pittsburgh Post Gazette published a very informative article about the housing market in the Pittsburgh Greater Metro Area.
We are still showing rising (or at least stable) home prices over last year.
Median sales prices actually ROSE from last year!
Who wouldn't want … (5 comments)
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market conditions: Condo sales are UP 10% from this time last year in Bradenton-Sarasota - 11/29/07 10:24 AM
I was reading the newspaper online this morning, and was happy to see that condo sales have increased 10% from this time last year in the Bradenton-Sarasota market.
It is mentioned in the above article about 3/4 of the way through the article. Condominium results in Sarasota-Bradenton for both the third quarter and … (0 comments)
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market conditions: Deal or No Deal? Part Two - 11/27/07 09:58 AM
Yesterday I detailed how subprime loans are chopped, diced and sold into various segments to investors. I think it was pretty clear but just in case here's a refresher course (YT Video) from CNBC: LINK
The important take away is that the company that you think might own the mortgage is in … (8 comments)
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market conditions: Great Time to Buy! - 11/26/07 10:09 PM
Home Inventories in New Castle County are at the highest point in years right now. At the end of the 3rd Quarter approx 4400 homes were for sale in the county, up 17% from the same period in 2006. The months supply of inventory is 8.2 months up from 5 months … (3 comments)
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market conditions: Deal or No Deal? Part One - 11/26/07 10:33 AM
You probably have heard the good news.
California is set to be hit hard by foreclosures. It already is being hit hard. That's not the good news (unless you are a Repo Man).
Last week, Gov. Arnold Schwarzenegger announced he had struck a deal with four subprime lenders. While you've heard … (9 comments)
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market conditions: Tequesta Real Estate Market Conditions Report - 11/26/07 07:24 AM
********Subject: Tequesta Real Estate Market ConditionsBody: Tequesta Real EstateWe here at the Frank Verna, PA continuously monitor local real estate statistics to keep our clients informed and ahead of the real estate trends. Below you will find Tequesta real estate statistics from November 19th through November 25th. The following includes information for Tequesta and surrounding communities.New homes … (3 comments)
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market conditions: Juno Beach Real Estate Market Conditions Report - 11/26/07 07:21 AM
********Subject: Juno Beach Real Estate Market ConditionsBody: Juno Beach Real EstateWe here at the Frank Verna, PA continuously monitor local real estate statistics to keep our clients informed and ahead of the real estate trends. Below you will find Juno Beach real estate statistics from November 19th through November 25th. The following includes information for Juno Beach and … (3 comments)
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market conditions: Palm Beach Gardens Real Estate Market Conditions Report - 11/26/07 07:17 AM
********Subject: Palm Beach Gardens Real Estate Market ConditionsBody: Palm Beach Gardens Real EstateWe here at the Frank Verna, PA continuously monitor local real estate statistics to keep our clients informed and ahead of the real estate trends. Below you will find Palm Beach Gardens real estate statistics from November 19th through November 25th. The following … (2 comments)
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market conditions: Would all the REAL Sellers Please Stand UP! - 11/25/07 04:53 PM
Our area inventory in Central Florida seems to be leveling off. In Seminole County the inventory has increased by a few hundred homes and may even off as the end of the month approaches. The current inventory of available homes in Lake Mary has decreased and the sales are in line with the … (3 comments)
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market conditions: How do you keep from being swallowed up by the volume - 11/25/07 03:26 PM
On a quiet day or "off-business day" like today there are already 42 pages of new posts.
Yesterday I submitted a post that requested some staistics that our local newspaper, the Asheville-Citizen Times wanted from me and would have required some effort on the part of the respondents, the members of Active … (5 comments)
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market conditions: I Found a Great Tool for your Website or Blog Posts Check it Out - 11/25/07 06:56 AM
While surfing around and generally distracting myself from the work I know I should be doing, I found a great new tool to use. If you look to the right on my post you will see 2 charts showing median homes prices for Jupiter, FL and Palm Beach Gardens, FL. I … (19 comments)
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market conditions: Want to buy a Firehouse?? - 11/24/07 08:29 PM
Well if you do, you may be in luck!! The Sacramento Metropolitan Fire District is receiving sealed bids for Station 110 at 1616 Mission Avenue near Arden Way. The station has been closed for about a year, and per local guidelines has to be offered to other state and local government entities first. … (1 comments)
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market conditions: Toronto real estate. TORONTO IS A CONDO CITY! - 11/23/07 10:27 PM
Toronto has solidified its spot as North America's largest condominium market, according to a report that says 259 projects are in the works in the city's census area.
Urbanation, one of the country's major condominium market research firms, says condo sales skyrocketed over the first nine months of 2007. There were 16,790, … (0 comments)
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market conditions: IF NO ONE IS BUYING WHY AM I OUT OF HOUSES? - 11/22/07 06:20 AM
Yep that's right...I am out of houses. Sold Out. What's in the inventory? Nada, zip, zilch, squat. I have had to turn down more upside properties in the last three months than I have been able to take. What is in short supply these days, are homes which were purchased before … (7 comments)
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market conditions: California ARM borrowers get some good news... - 11/21/07 07:35 PM
Arnold Schwarzenegger and the State of California made a deal with Countrywide, GMAC, Litton Loan Servicing, and HomeEq to freeze interest rates for homeowners meeting certain criteria...the owner must occupy the property as his/her primary residence, must be current on their mortgage payments, and must be able to prove that they … (5 comments)
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market conditions: House Passes Bill Curbing Mortgage Brokers - How Will This Affect Florida - 11/21/07 07:21 PM
WASHINGTON -- The House passed legislation to give more protection to home-mortgage borrowers, but deadlocks in the Senate make it unlikely that such a measure can be enacted into law before next year, in the latest sign Congress is struggling to address the nation's mortgage crisis.
By a vote of 291-127, the … (1 comments)
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market conditions: We Have SNOW (birds) in Florida! - 11/21/07 06:34 AM
Ahhh...the season is upon us, time for family, friends, fun and lots of food. It also means for those of us that live here permenantly that it's time for increased traffic, long waits at local restaurants, higher gas prices (okay well we all have that one), no parking spaces and of course … (13 comments)
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market conditions: Problems with the Real Estate Market- Mortgage Industry - 11/21/07 12:11 AM
Unlike most people I don't place the problem solely on the mortgage industry- it was mostly the secondary mortgage market.
The secondary mortgage market was not regulated and became a highly profitable financial commodity on wall street in the early 90s. The secondary mortgage market was making ungoddly amounts of money from … (6 comments)
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market conditions: New Milford, CT - October, 2007 Real Estate Market Report - 11/20/07 07:51 PM
New Milford, Connecticut Real Estate UpdateOctober, 2007
Closed home sales in New Milford, Connecticut:
Single Family Homes:There were 15 single family home sales closed in New Milford, CT.List Prices ranged from $179,900 - $995,000.Closed Sales Prices ranged from $165,000 - $962,500.
The average closed real estate sales price for single family homes in New Milford was $445,820.The median … (0 comments)
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market conditions: Brookfield, CT - October, 2007 Real Estate Market Report - 11/20/07 07:36 PM
Brookfield, Connecticut Real Estate UpdateOctober, 2007
Closed home sales in Brookfield, Connecticut:
Single Family Homes:There were 8 single family home sales closed in Brookfield, CT.List Prices ranged from $414,900 - $1,185,000.Closed Sales Prices ranged from $410,000 - $1,060,000.
The average closed real estate sales price for single family homes in Brookfield was $594,000.The median closed sales price was … (0 comments)
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