At this moment the government may require banks to offer interest rate reductions for homeowners in trouble. But we do not know who will qualify and if the plan would put a decrease in the number of foreclosures we are facing. And even though the government is working on this program to prevent widespread foreclosures, it [...]
TALLAHASSEE, Fla., Oct 28, 2008 (BUSINESS WIRE) — Homes & Land, the affluent home buyer’s marketplace, announced today that it will begin to offer its Realtor(R) advertisers featured listings on Yahoo! Real Estate, the number one real estate site on the web. With this new ad package, Homes & Land Realtors are able to promote [...]
Irony played to the croud today. Even as we knew the market would be working on the heels of the global market and ’should’ climb today, it can never be cut in stone anymore. BUT fortunately Wall Street agreed with the global direction and pushed the market up 888 points! Headlines announced: “Dow rises [...]
Wow! With just a swipe of your finger you can fly from Peoria to Paris to Papua New Guinea, or anywhere in between. It may be small, but it brings all the power of Google Earth to the palm of your hand, including all of the same global imagery and 3D terrain. You can even [...]
Here is a site that I bumped into that is a fascinating touch of reality. It is the Mortgage Lender Implode O Meter. As the name states, the website has been tracking lenders as they have imploded (gone under) since 2006. To date 294 major U.S. lending operations have “imploded”.
They not only track Imploded Lenders, but they [...]
Here is look at another new technology that should turn real estate on it’s ear. Have you ever driven by a home for sale and wondered how much it costs or how many bedrooms and baths it has? Now potential buyers can quickly and easily get the information they need about a home and decide [...]
Real estate investors and professionals say U.S. financial and real estate markets will hit bottom in 2009 and continue to slump for much of 2010, according to a report by the Urban Land Institute and PricewaterhouseCoopers.
The annual industry outlook includes responses from more than 600 real estate experts, including investors, developers, property company representatives, lenders, [...]
You betcha!
Although we are realistically thinking 2010 or 2011for housing to recover from this current economy. We do know that it will recover and it will keep pace, if not exceed inflation at that point. The fact prove that it always has.
Now that housing starts are the lowest they’ve been in 17 years speculative builders have [...]
The good news: Zillow.com, What a fantastic tool for running a quick market analysis on your property.
The bad news: Zillow has had to cut its work force by 27% or 40 jobs.
Their decision was based on the current economic climate and at this point it appears that they will be “battening down the hatches” until [...]
What a way to wake up in the morning to see the news shouting -Legendary investor Warren Buffett has given a resounding vote of confidence to the US stock market, saying that now is a great time to “buy a slice of America’s future at a marked-down price”.-
He spoke with the New York Times his famous motto – [...]
Along with the news of the government plan to stall mortgage foreclosures comes the reality that Joe and Jill Public do not have the time to figure out a solution. I recently asked a mortgage broker how the recently passed act would benefit homeowners that faced foreclosure and they told me straight up they [...]
Stocks tumbled more than 700 points today and has second worst point drop ever as recession fears resurfaced after a weaker-than-expected retail sales report and dour comments on the economy from Ben Bernanke and another Federal Reserve official. The credit market showed some signs of easing, but the improvement failed to reassure investors, CNNMoney.com reports.
This was not the [...]
Stocks rallied today, with the Dow up more than 900 points as investors bet that the worst of the credit crisis is over, following a series of global initiatives announced over the last few days. Last week was the Dow’s worst ever, ending a stunning eight-session sell-off that seared 2,400 points off the Dow, CNNMoney.com [...]
Two items quickly come to mind when folks ask me what type of commercial properties to purchase in this shifting market. Self storage facilities and multi unit apartments.
This often stems from when folks have been foreclosed on, often they are not able to sell their belongings and and almost always they move into quarters [...]
It seems that new home builders are telling Joe and Jill Public that the ‘norm’ is not for bigger and better houses but smaller (and for the builder, less costly) homes. This is due to the recent economic climate where builders are at 15 year lows of new homes under construction. But alas, the [...]
President Bush today encouraged the American people to have confidence in the economy and said the U.S. government is acting to resolve the financial crisis and stabilize the markets. “We are a prosperous nation with immense resources and a wide range of tools at our disposal … We can solve this crisis and we will,” [...]
The Florida Association of Realtors conducted a survey of international buyers for the period August 2007 to August 2008. The results indicate that Canadians now lead the pack of foreign real estate buyers, accounting for 27 percent of home sales in Florida, up significantly from only 7 percent in 2005.
More than one-third of these sales [...]
Levity is needed from time to time. These comedians wrote and starred in this video in 2007. In this case Life imitated Art.
WASHINGTON (AP) — The National Association of Realtors says pending home rose 7.4% from July to August, an unexpected piece of positive news for the battered U.S. housing market.
The group said Wednesday its seasonally adjusted index of pending sales for existing homes rose to 93.4 from an upwardly revised July reading of 87. The reading [...]
I often here “Is anything selling these days?” as the question I hear the most predominantly as a Realtor.
From the searches I am running for buyers in the homes valued under $300,000 in the South Florida region I am seeing that the majority of the “foreclosure” properties getting gobbled up relatively quickly. I ran one [...]
