Welcome to the October 12, 2008 edition of Real Estate Market Reports. Time sure does fly, as this is already the tenth edition of this “fairly new” blog carnival which features real estate market reports from around the country.
This week brings choas, excitement and fear. The stock markets plummeted and the news media is having a ball reporting the end of the world as it approaches… But all is not crazy and we have reports of housing inventories starting to fall and other signs that the bottom of the market might begin to be visible here shortly.
Please take a look around if you want to know what some of the top real estate professionals are reporting from their “neck of the woods.” As this carnival grows, we hope to be able to bring you local market reports from every state, every week! So if you know a good real estate professional, please forward this article to them and tell them to get involved!
Housing Report
Dave Peeples presents Cartus Gets into the Short Sale Business posted at Dave Peeples, saying, “The Cartus Corporation announced that it has launched a new business unit, Cartus Asset Recovery, which is created to assist financial institutions, investors, and mortgage insurers with alternative solutions to foreclosure. This is huge news in the world of short sales, as the largest relocation organization in the world should bring some order from all the chaos.”
The Tallahassee Real Estate Blog presents Discover Why Tough Times Call For Creative Financing Solutions posted at Really Better Real Estate, saying, “Families with IRAs might not be aware of the “Miracle” HedgeLoan. It is actually possible to borrow money using an IRA as collateral, that requires interest only or even no payments at all for up to 10 years!”
Local Real Estate Data
Debra Kukulski presents Illinois-McHenry County, Lake County-CARY IL Real Estate Market Conditions posted at Cary Real Estate Blog-Mchenry County, Lake County, Fox River, Chain of Lakes, Barrington, Crystal Lake, Algonquin, Lake In The Hills, Waterfront Homes, Riverfront Homes, saying, “Recent Real Estate Market Conditions for Cary, IL”
Doug Willis presents Pasadena Home Sales up2date Review posted at Up2Date.
Debra Kukulski presents NORTHERN ILLINOIS BARRINGTON AREA REAL ESTATE MARKET UPDATE posted at Cary Real Estate Blog-Mchenry County, Lake County, Fox River, Chain of Lakes, Barrington, Crystal Lake, Algonquin, Lake In The Hills, Waterfront Homes, Riverfront Homes, saying, “Updated Barrington areas of Illinois real estate market activity report. How is the current real estate market in the Barrington areas of Northern Illinois?
(The Barrington Areas are located in McHenry County, Cook County and Lake Countiesin Northern Illinois. The “Barrington Area” in MRED MLS includes: Tower Lakes, Barrington Village, South Barrington, Port Barrington, North Barrington, Deer Park, Lake Barrington, Barrington Hills)”
Debra Kukulski presents ILLINOIS-MCHENRY COUNTY-ISLAND LAKE REAL ESTATE ACTIVITY UPDATE posted at Cary Real Estate Blog-Mchenry County, Lake County, Fox River, Chain of Lakes, Barrington, Crystal Lake, Algonquin, Lake In The Hills, Waterfront Homes, Riverfront Homes, saying, “Updated real estate market report for Island Lake, Illinois along with other valuable local and general real estate information for Northern Illinois. Debra Kukulski-GRI;ABR;RECS;e-PRO Real Estate Expert Northern Illinois : Cary Real Estate Blog-Mchenry County, Lake County, Fox River, Chain of Lakes, Barrington, Crystal Lake, Algonquin, Lake In The Hills, Waterfront Homes, Riverfront Homes”
Petra Norris presents Finally some Good News! Lakeland Florida Real Estate Market Report ? September 2008 posted at Lakeland Real Estate Blog…not always Real Estate, Petra Norris Style, saying, “Lakeland Florida Market Report for September showed improvement.”
Jo Soss-Olson presents Just for Fun – Kitsap County 24 posted at WestSoundLive!, saying, “As a real estate professional in Kitsap County, I spend several hours a day doing market research for many different types of clients, first time homebuyers, new construction consumers and military members relocating from here or to here.”
Joe Manausa presents How Meredith Whitney Rocked The Tallahassee Real Estate Blog posted at Tallahassee Real Estate Blog, saying, “See a reader and a real estate blogger get into a “cat fight” on the local real estate blog. After being compared to cheerleaders, cool-aid drinkers, and “average” REALTORS, and then being accused of being either “deceitful or just blinded,” the blogger and the rest of the readership really give it to the reader. Interesting study of blogging dynamics.”
Real Estate Market Report
Pam Dent presents Lake Monticello Homes – September 2008 Market Report posted at Pam Dent -Charlottesville, Albemarle,VA’s Blog.
Pam Dent presents Charlottesville Real Estate Talk posted at Pam Dent -Charlottesville, Albemarle,VA’s Blog.
Kelly Sonora presents 10 Amazing, Beautiful Houses Built from Trash posted at International Listings Blog.
Kathy Torline presents Broadmoor Homes, Market Report for September 2008 posted at Colorado Springs Vintage Homes Blog, saying, “Colorado Springs Real Estate Market Report for Broadmoor area, Single Family Homes. It’s definitely a buyer’s market!”
Short Sale Blogger presents Peter Schiff Predicting Massive Subprime Mess in 2007 posted at Dave Peeples, saying, “Peter Schiff on Kudlow and Company in JULY 2007. Peter must feel pretty good about himself in a perverse sort of way right now. In the clip, he is the lone “bear” amongst a group of bulls.”
Other Information
Bob Schwartz presents Real Estate – FHASecure Can Help Homeowners posted at San Diego real estate, saying, “The Federal Housing Administration announced FHASecure, a temporary initiative to permit lenders to refinance delinquent adjustable rate mortgages (ARMs) and/or to offer new subordinate financing where the combined loan-to-value ratio exceeds the applicable FHA loan-to-value ratio and geographical maximum mortgage amount.”
Kelly Willey presents Entrance gate to APG to close for one year: Alternate route posted at Maryland Living and Real Estate Blog, saying, “BRAC employees APG gate closure”
A Real Estate Blogger presents 3 Reasons Why You Should Have Gotten A Countrywide Mortgage Loan posted at Real Estate Market Reports, saying, “In a nutshell, the settlement by Bank of America is a payback for unfair loan practices by Countrywide Mortgage (prior to it being bought by Bank of America).”
That concludes this edition. Submit your blog article to the next edition of real estate market reports using our carnival submission form. Past posts and future hosts can be found on our blog carnival index page.
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