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Will the U.S. real estate market bottom out in 2008? - 02/26/08 08:44 AM
This morning two pieces of information were presented on CNBC that caught my attention.
Prices of existing U.S. single-family homes slumped 8.9 percent in the fourth quarter versus a year earlier, the largest decline in the 20-year history of a national home price index released on Tuesday. The S&P/Case-Shiller composite index of 10 metropolitan areas fell 2.3 percent in December versus November, to 200.55, and fell 9.8 percent year-over-year, S&P said in a statement.Sam Zell, the largest real estate owner in the united States said he expected the US real estate market to bottom out this spring. Zell is the billionaire founder … (2 comments)
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Should NAR regulate the use of "MLS" in Realtor website domain names? - 02/26/08 06:30 AM
The National Association of Realtors (NAR) has recently updated the Code of Ethics and Standards of Practice 12-10 to include more language about the presenting the "true picture" of information on a Realtor's website or in a domain name. There is a very good article Inman news did a on this topic. The point in this article is the use of "MLS" in the domain name. I am told that MLS is not a registered term unlike "Realtor". NAR has aggressively pursued the inappropriate use of Realtor or Realtors in a domain name such as www.greatrealtor.com. Now it is said that … (13 comments)
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Too many people are walking from their homes because of home values - 02/20/08 10:46 AM
It is becoming too clear that one reason people are going into foreclosure and walking away from their homes is because their property values have dipped below what they owe. This lack of personal financial responsibility is further undermining property values. As real estate professional know that for the long run real estate is a GREAT investment. But that does not mean your property will always be worth more than the day before. We will all pay a hefty price for these financial deadbeats. It's time for this very liberal application of foreclosure law be revised to stop this practice.
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The number of real estate agents in Florida is declining - 02/18/08 05:00 AM
According to the National Association of Realtors (NAR) the number of Florida real estate agents has declined 10.3% from Jane 2007 to January 2008. The decline seems to be gaining momentum since in a one month period (12/2007 - 1/2008) the number of Realtors declined 6.1%. I assume this trend will continue until the number of agents falls back into alignments with unit sales volumes. … (6 comments)
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Should I buy now or should I wait - 02/16/08 06:52 AM
I was reading a post recently on MSN and I saw one post that made a very clear statement regarding the decision of whether to buy in to days market I had to pass it on:
"The real estate market is so unpredictable that it is hard to say whether you should buy or wait. For this reason, the best advice in any market is to buy when you have a reason to buy. Waiting to save a larger down payment is a good idea and you also do not want to settle for something you do not like. At the same time, … (5 comments)
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A good credit score is the key to buying a home today - 02/10/08 07:35 AM
As credit requirements are tightening up for buying a home, a good credit score is more important that it has been in many years.
Here are seven things you can do:
Order a credit report and check it for accuracyBuy your credit scorePay you bills on timeReduce your debtReduce credit card balancesDon't open new accountsAvoid bankruptcy. Improving your credit score will help you get a home loan and get you a better interest rate.
Taking steps now to improve your credit can save you a lot of money in the long run too.
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The January Pensacola Florida home sales stats are in... - 02/08/08 10:47 AM
Here are the current January residential Pensacola property sales numbers. The number of sales for Jan 2008 is down as compared to 2007 but the good news is we are back to "normal" sales volumes. That is, pre real estate bubble sales volumes, January 2000. More good news is that inventory is down compared to January 2007. … (0 comments)
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Relocation Firm Sirva Declairs Bankruptcy - 02/05/08 04:22 PM
Relocation firm Sirva Inc. announced that it has entered chapter 11 reorganization to try to survive the real estate down turn. Huge losses and a continued weakness in the real estate market have affected the firms solvency. You can read all of the details of Sirva's reorganization in InmanNews an on-line real estate news service.
Contact Kim Gibbons, for Florida Real Estate services.
… (3 comments)
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Kim Gibbons - Pensacola Real Estate
Pensacola,
FL
More about me…
Pensacola real estate - Homes for Sale
Address: 240 E Intendencia St, Pensacola, FL, 32502
Office Phone: (850) 437-5618
Cell Phone: (850) 380-9064
Email Me
My Pensacola Real Estate Blog is focused on real estate and homes along the NW Florida Gulf Coast.
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