Rick Martinez's (rickmartinez) Blog

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Real Estate Agent - RE/MAX Cinco Ranch
RECENT BLOG POSTS
  In real estate news the number of short sales has been going up.  Short sale just means when an owner owes more on the home than it’s worth and the lender is willing to accept the difference between the sales price and the loan balance, thus allowing the homeowner and the lender to avoid the co...
03/12/2010
  Editor's note: This article is reposted with permission by The Real Deal. Click here to view the original article. By CANDACE TAYLOR NEW YORK CITY -- During the boom, New Yorkers increasingly relied on price-per-square-foot as a way to compare rapidly r...
03/08/2010
The report that came out for January 2010 figures by Realty Trac indicates that overall foreclosure activity was down by about 10% from the previous month. Overall it is still above the 15% from that reported in January 2009. According to James Saccacio, CEO of Realty Trac, he indicated that he e...
03/05/2010
Last week I noted the large price differences between fixed-rate mortgages (FRMs) and adjustable-rate mortgages (ARMs), and between ARMs with different initial-rate periods. These differences largely reflect market expectations that future rates will be higher. When lenders expect higher future r...
03/01/2010
Many people would choose to be foreclosed on than do a short sale. Why? There can be a lot of reasons, but most likely its because they are afraid of looking bad in other people's eyes.  We see it with buyers and sellers every day. This is a natural fear. A lot of us buy into it too. We hesitate ...
02/26/2010
We've all probably asked ourselves this question. We wonder... "Why is my client so hesitant to put their house on the market?" or "Why are they so afraid to make an offer on a home that is perfect for them?" Buyers and sellers fear change. We all do. What's amazing is that we fear change even if...
02/26/2010
Rob Minton has some good advice about buying a home within your means. Is Buying the Worst House on the Best Street Good Advice? Published on Monday, February 1, 2010, 6:37 AM Last Update: 9 day(s) ago by Rob Minton Category: All Articles » Motivation and Inspiration   Thomas Stanley, Ph. D. is ...
02/26/2010
President Obama Announces Funding to Help Address Urgent Problems Facing Families in States with High Unemployment and Where Home Prices Have Fallen the Furthest WASHINGTON, D.C. - February 22, 2010 - (RealEstateRama) — President Obama announced $1.5 billion in funding for innovative measures to ...
02/22/2010
The pressure is increasing on Congress to renew the homebuyer tax credits for a third time. The first $7,500 tax credit was passed in 2008 and required first-time buyers to repay the credit over 15 years. A few months later in 2009, Congress expanded the credit to a maximum of $8,000 that didn’t ...
02/22/2010
The Greater Houston Builders Association (GHBA) held its annual forecast luncheon last month. 2010 HAR Board Chair Margie Dorrance made introductory remarks at the January 11 event, saying that there’s reason to be optimistic about the Houston real estate market in 2010.The keynote speaker, housi...
02/19/2010
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