paul antonelli: Want Real Estate from The Walking Dead TV Show
- 03/03/15 09:35 PM
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The definition of a diehard fan is reaching a whole new level, even beyond the grave, with this new real estate listing. Nine buildings in downtown Grantville, Georgia, which was used as a location during Season 3 of AMC’s “The Walking Dead,” is listed for sale on eBay (EBAY) for $680,000, an article in the New York Daily Post said.
Grantville once flourished as a textile town but struggle after its local cotton mill closed in 1991, the article said. That is until the rundown … (2 comments)
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paul antonelli: What Would Al Gore Say
- 03/02/15 10:11 PM
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Net neutrality is a fight over who pays for Internet infrastructure.
Now, large content providers (Netflix) help pay, but under the new FCC rules they won't be allowed to. Thus, households will pay more.
But as they are more price sensitive than content providers, usage will probably fall.
As for future Internet investment, in the short-run little will change as net neutrality has effectively been the law of the land.
The internet is a "network of interconnected networks." The World Wide Web … (3 comments)
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paul antonelli: What ever happened to a Quarter
- 02/28/15 11:04 PM
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The evidence that the economy is improving is now irrefutable as the tooth fairy left an average of $4.36 per lost tooth in 2014, a whopping increase of 25% from 2013.
As recently as 2011, the Tooth Fairy left a stingy $2.60.
Teeth in the South were most valuable at $5.16 each but were worth only $2.83 in the Midwest.
In New York City, the Tooth Fairy left an amazing $13.25/tooth.
Thinking of selling your home? Or … (2 comments)
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paul antonelli: This could be a case of Bad to Worse
- 02/28/15 09:53 PM
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Ocwen Loan Servicing or Ocwen Financial Corporation as it's known as, intends to sell the mortgage servicing rights on a portfolio of performing residential loans owned by Freddie Mac with a total principal balance of approximately $9.8 billion to Nationstar Mortgage Holdings, according to an announcement from Ocwen Financial this past week.
There are about 80,000 loans in the portfolio involved in the transaction, according to Ocwen. The transaction is subject to a definitive agreement as well as approval from Freddie Mac as well as … (1 comments)
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paul antonelli: By not reducing the supply of oil
- 02/25/15 09:36 PM
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By not reducing the supply of oil in the face of falling demand, Saudi Arabia has caused the price of oil to plummet.
That has caused households to increase their real consumption of gasoline by 4%,
Boosted purchases of light trucks by about 10%
And
Reduced sales of hybrids and electric cars by about 9%. Yes it’s a great time to buy one now.
This is reducing average fleet fuel efficiency and boosting greenhouse gas emissions.
Thinking of selling your … (1 comments)
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paul antonelli: Still Better Than Last Year
- 02/23/15 08:22 PM
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Despite a generally strengthening economy, the combination of surprisingly cold weather in the Northeast and parts of the Midwest, declining capital expenditures (due primarily to falling oil prices) and weak exports (due a strengthening dollar) will reduce Q1 GDP growth to below 2.5% from earlier forecasts of 3%.
Q4 GDP growth is also likely to slightly disappoint and wind up below 2.3%. 2015 will be incrementally better than 2014.
Gross Domestic Product or GDP is the monetary value of all the finished goods and … (0 comments)
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paul antonelli: How Much Is That Steak?
- 02/20/15 07:29 PM
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I was listening to Clark Howard talk about the beef prices on his show yesterday and I did a little research and found some interesting facts.
The US cattle herd (including beef and dairy cattle) increased from 89 million in 2013, its lowest level since 1951, to 89.8 million in 2014.
And the number of heifers being added to the beef-cattle breeding herd jumped 4% to 5.8 million.
But because it takes one to two years for an animal to reach market … (2 comments)
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paul antonelli: Rate Hike?
- 02/19/15 10:38 PM
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Minutes from the last Fed meeting were released yesterday and the Fed is covering the bases.
While some want to raise rates in June, most don't as they see more downside than upside risk, including weakening exports and a worsening trade deficit despite cheaper gasoline.
They also fret about both weak global growth and inflation, and the potential for things unraveling in Greece and Russia/Ukraine.
Expect a Q3 rate hike.
Thinking of selling your home? Or maybe just curious about its … (0 comments)
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paul antonelli: Better Than Last Year, Could Be
- 02/18/15 04:49 PM
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Despite a generally strengthening economy, the combination of surprisingly cold weather in the Northeast and parts of the Midwest and declining capital expenditures (due primarily to falling oil prices and weak exports due a strengthening dollar) will reduce Q1 GDP growth to below 2.5% from earlier forecasts of 3%. Q4 GDP growth is also likely to slightly disappoint and wind up below 2.3%.
2015 will be incrementally better than 2014.
Thinking of selling your home? Or maybe just curious about its current value? … (1 comments)
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paul antonelli: More Pink Slips at Bank Of America
- 02/17/15 07:28 AM
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It's round three of the Bank of America (BAC) layoffs. It's been less than six months now and the mega bank announced it has laid off 250 mortgage and technology workers in Charlotte, NC, as the bank continues to reduce its portfolio of non-performing loans, an article in the Charlotte Observer said.
"The bank informed employees on Wednesday and plans to send a notice to state officials by the end of the week", bank spokesman Dan Frahm said. "Most of the affected employees work … (2 comments)
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paul antonelli: Foreclosure Steady Decline Continues
- 02/15/15 09:10 PM
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According to CoreLogic's December 2014 National Foreclosure Report, The nations Foreclosures have been steadily declining for months and months. Nationwide showed a drop in December down to 552,000 from 840,000 in December 2013, a decline of 34.3 percent. The end of December 2014, approximately 1.4 percent of all homes with a mortgage were in some state of foreclosure. That’s a decline from 2.1 percent from the previous December.
The current foreclosure rate of 1.4 percent is the lowest level since March 2008.
Every state … (0 comments)
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paul antonelli: I usually just use the Internet
- 02/13/15 09:18 PM
If you enjoyed reading the post please give it a LIKE, every little bit helps. Thank You. After peaking at 19.6 billion catalogues mailed in the US in 2007, (that's 65 catalogues per/person and 163/household) the number of catalogues shipped rapidly fell to 11.8 billion in 2012, but rose slightly to 11.9 billion in 2013, or 38 catalogues/person and 94/household.
It turns out that customers who enjoy catalogues spend more money.
Amazingly 31% of online buyers have a catalogue when they make a purchase!
Thinking of selling your home? Or maybe just curious about its … (0 comments)
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paul antonelli: The Days of the Deals Have Past
- 04/01/14 09:06 PM
Distressed home sales accounted for less and less of the total market month after month here in Florida the last 6 months. We have seen a normalization to the local housing market, but at the same time putting more of a squeeze on already-burdened buyers.
"The bargain days are gone," said John Tuccillo, chief economist for the Florida Realtors trade group. "That's the bottom line in all of this."
Distressed sales have been slowly shrinking for the past three years. Statewide, nearly half of all property sales involved a short sale or foreclosure in 2009, near the height of the housing … (6 comments)
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paul antonelli: Can't wait to use some of these
- 01/12/14 03:38 PM
There was some really cool things that were shown at last weeks CES in Las Vegas, like the 108" TV's and now curved HD LED Tv's. Then there was the "Samsung Smart Home," debuting at CES 2014 and planned to rollout in the next few months, "provides users with three main services: Device Control, Home View, and Smart Customer Service," said CNET. "Device Control will allow users to access customized settings for all of their devices on their smartphone or on their Smart TV. The service will also allow you to use voice commands with your Galaxy Gear or … (0 comments)
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paul antonelli: How Do You Feel The Market Is Doing?
- 10/28/13 09:24 PM
When people ask me is the market getting better, what do you hear happening out there, is it true that the R.E. industry will slow down from Nov 1st through Feb etc etc etc. I always tell people to listen to the financial news and the see what the “Pros” are saying. But then I always tell them you can listen to 10 different “So Called” experts and get 7 different answers, so you will have to make your own assumptions.
So I ask you, looking at these 3 stories that came out today, How Would You Say The Market … (0 comments)
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paul antonelli: 5 Simple Reasons
- 10/17/13 06:07 PM
You Should Sell Your Home Today
1. Demand Is High
The most recent Existing Home Sales Reports by the National Association of Realtors (NAR) show a double digit percent increase in sales year-over year; sales have remained above last year’s levels for over 25 months. There are buyers out there right now and they are serious about purchasing.
2. Supply Is Beginning to Increase
Total housing inventory is again approaching historic norms of a 5 month supply compared with 4.3 months in January. Many expect inventory to continue to rise as 3.2 million homeowners escaped the shackles of negative equity … (1 comments)
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paul antonelli: Who do we believe?
- 10/11/13 12:07 AM
Yeah, Florida’s On The Road To Recovery
Even as everyone is stating over and over again that Florida’s housing market is showing a strong recovery with above average gains in prices and sales, Florida
Once again led the nation in foreclosures completed in the 3rd quarter; no other state was even close, according to Core Logic reports.
Out of the 658,463 foreclosures completed nationwide in the last 12-months, 111,000 of them, (17%), were in the Sun Shine state, according to data reports.
Michigan ranked as the No. 2 state, with the completion of 60,000 foreclosures, and in the 3rd position is … (0 comments)
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paul antonelli: Almost 30% of HAMP are back in default
- 07/25/13 10:43 AM
The Home Affordable Modification Program (HAMP) has not helped as many borrowers as it may seem, Oh really you may say, according to the Office of the Special Inspector General for the Troubled Asset Relief Program.
HAMP, a government loan modification program created to prevent foreclosures, has provided about 1.2 million modifications to distressed borrowers since its inception in 2009. Of those borrowers, 306,538 fell behind on their payments by three months, which means in actuality, 865,100 are still actively in the program, the taxpayer watchdog agency revealed. Borrowers who miss three consecutive payments become disqualified from the program.
The percentage … (1 comments)
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paul antonelli: Home Equity Getting Stronger Everyday
- 01/07/13 09:35 PM
It's growing again significantly after five years of declines and stagnation. This is a huge piece of good news that hasn't received much attention. After hitting a low of $6.45 trillion in the final three months of 2011, Americans' combined home equity jumped nearly $1.3 trillion during the next nine months to $7.71 trillion — a 20% gain — according to the "flow of funds" quarterly estimate released in December by the Federal Reserve.
A homeowner's equity is the difference between the market value of his or her house and the amount of mortgage debt it is carrying. If … (1 comments)
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paul antonelli: Christmas Morning Prayer
- 12/24/12 09:00 PM
The day of joy returns, Father in Heaven, and crowns another year with peace and good will. Help us rightly to remember the birth of Jesus, that we may share in the song of the angels, the gladness of the shepherds, and the worship of the wise men. Close the doors of hate and open the doors of love all over the world? Let kindness come with every gift and good desires with every greeting. Deliver us from evil, by the blessing that Christ brings, and teach us to be merry with clean hearts. May the Christmas morning make us happy to be thy children, And … (2 comments)
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