rescue florida realty: Facebook Housing Boom? - 05/21/12 08:49 AM
While the rest of the county buzzed Friday about Facebook’s first day as a public company, real estate agent Brian Chancellor saw the effect months earlier.
Chancellor put a client’s house on the market in February for roughly $1.2 million — a bit underpriced, he said. The home in Palo Alto, Calif., sits adjacent to Menlo Park, the home of the social-media darling.
Twenty days and 38 offers later, the house sold for $1.65 million.
“It’s not uncommon that even when somebody goes well over the asking price … they may not get the home,” Chancellor said. “There are people who … (0 comments)

rescue florida realty: HOME SALES ARE UP! WAIT, THEY’RE DOWN! WAIT… UMMM. - 04/19/12 12:04 AM
 
 
All of the reports from the various "experts" and news outlets this week, and in previous weeks, can confuse people as to what is really going on within the housing market.
You have home builders reporting on Wall Street, and other places, about housing starts and permits being down.  You have the National Association of Realtors reporting sales of existing homes are up.  And you also have short sales surpassing foreclosures, in sales, for the first time, ever.
"Good News on Housing Permits More Than Offsets the Bad News on Starts”— HIS Global Insight
 
“Housing Starts Decline … (24 comments)

rescue florida realty: SHORT SALES SURPASS FORECLOSURES IN SALES FOR FIRST TIME - 04/18/12 10:53 PM
 
For the first time ever short sales have surpassed foreclosures in sales according to a recent report by LPS (Lender Processing Services) who tracks them.
 
Finally the banks are starting to get it. Maybe (sorry I just think they make it way too complicated still).
 
Perhaps they have finally read my blogs and comments over the past 4+ years or listened to my radio show (you can too by tuning in here).
 
According to the LPS as reported in an article in Bloomberg – “Short sales accounted for 23.9 percent of home purchases in January, the most … (0 comments)

 
Jeffrey D. Rubin, CDPE (Terra Firma Realty Group)

Jeffrey D. Rubin

CDPE

Stuart, FL

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Terra Firma Realty Group

Address: 1002 SE Monterey Commons Blvd., Suite 205, Stuart, FL, 34996

Fax: 772 621-2157

Office: 772 361-3336

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