Posts about Real Estate Market Reports as of July 25, 2009

Short Sale is a hot buzz phrase in today’s Real Estate Market. There are sellers who decide that their home won’t sell at the price they had imagined.   They often start to wonder if they should do a Short Sale. A short sale doesn’t always solve problems, but it most assuredly can create problems. Short sales are not the “saving grace” some home sellers would like to believe. What is a Short Sale? A short sale happens when the lender is shorted on a mortgage, meaning the lender accepts less than the total amount that is due.

We have gathered a list of the Top Best Forest Hills Houses ( Ada-Cascade) to buy, based on price per square foot. Please note: This list can change daily as some homes sell, prices are adjusted and other homes come on the market. The homes listed below are probably dated and would need updating with new carpeting, paint, and kitchen- bath redos at a minimum to bring them to current market standards. They might need major repair work done, such as new roofs & mechanicals.

Pages: 1 23INTRODUCTIONSelling by mail can be the easiest and least expensive method of selling your services or commodities.  It can also be the most difficult and the most expensive method of doing the job.  It all depends on the method you use in presenting your offering to your prospects; it depends on the kind of a letter you send to them.To write such a letter, a message that explains concisely yet completely and in an action-compelling manner what you have to offer, is a job that demands the services of an expert versed in every one of the thousand phases of selling and one with many years of successful mail order experience at his command.

by Ben Janke The Boise real estate market seems to constantly be on the move. Everyday, one Idaho listing might sell or a different one might go pending, changing the statistics for the coming twenty-four hours. It is therefore key for ID property purchasers and home sellers to know just what has transformed in the market since the last time they searched. Most individuals don’t follow the numerous particulars in the marketplace until it is time to either buy a house, sell a home, or both.

Grand Rapids Market Report July 2009 The single family home sales continue to show signs of stabilization. For the month of June, home sales were up 26.2% compared to June 2008. Sales price of a single family home has seen an increase in the average price for the third consecutive month to $119,923, up from $97,073 in April 2009, but still down 12.5% ($130,220) from last June, according to the figures prepared by the Grand Rapids Association of REALTORS®.

East Grand Rapids   Units Sold  June 2009 Sales Price Graph (Includes Sold Homes Only) Quick Sheet for June 2009 Units Sold Active Listings in East Grand Rapids as of July 1, 2009 (Not all homes may be shown due to map scale) Median Sold Price $202,500 Average days on Market 66 Percent Sold/List 92.11% Current Inventory 159 Months Inventory 8.3 Average $ per Sqft. $99.08 Information is deemed reliable but not guaranteed.

by Brad Sage Most genuine estate agents have had a lowball suggest upon a inventory or represented a customer which has submitted a lowball offer. A infancy of genuine estate agents have dealt with both sorts of lowball offers. In general, lowball offers created up for buyers by a great representative get accepted, as well as lowball offers perceived by a seller get rejected. Listed next have been 5 usual mistakes done by buyers as well as agents when submitting a lowball.

The following information is from the local MLS database as of July 25, 2009, compared to (July 18, 2009) and (July 26, 2008). Total # of condos for sale in the city of Boston: 2,062 (2,098) (2,191) Average # of days on market: 128 (127) (133) Number of condos sold, past 30 days: 409 (387) (422) Average days on market, sold units: 91 (90) (101) Ratio, closing/sales price to original/list price: 95% (95%) (93%) Months supply of condos: 5.04 (5.42) (5.19) Median close price, last thirty

Realtor Aaron Roberts Displays MLS Property Listings on His … – PR.com (press release) – sporttopix.com 07/25/2009 Realtor Aaron Roberts Displays MLS Property Listings on His … PR.com (press release) A Gardena, California resident, Roberts is a member of the Combined LA/ Westside MLS (CLAW). With custom IDX software’s association with CLAW, home seekers … and more » Full Story: “MLS” – Google News 7-Eleven Buys Southern California Real Estate – californiahomeloan360.com 07/25/2009 relistr.com 7-Eleven Buys Southern California Real Estate Real Estate News Real Estate For Sale Housing Mortgage Realtor Broker Contractor.

Here Is How To Use Craigslist To Find Buyers – backlinkbuilders.com 07/25/2009 by Jesse Davis If you have been trying to wholesale real estate or trying to find buyers in this tough real estate market then you know it can be frustrating as all get out. I will share a strategy that I have used a bunch to find buyers for my real estate deals and that is by using Craigslit.com.

Find Miami Ocean Property – jovie.net 07/25/2009 by Hubert Miles Miami is considered by many to be one of the wealthiest real estate markets in the USA. Owning ocean properties there allow you to see some of the most beautiful beaches in the world. In addition, you also have the benefits of one of the best urban areas in America. Recently, some of the world’s most recognized real estate investors, like Donald Trump, have invested in constructing more ocean properties in the Miami area.

by Morgan A. Scott This question is often asked more than any other when talking about San Diego Hard Money. To start, hard money is also commonly called private money. Below you will find a discussion about the policies of San Diego hard money, and the details of obtaining construction loans, purchase transactions, refinance loans and the overall procedures pertaining to a hard money loan. Typical ideas associated with a private money loan must be explained.

By Ron Mead Are you feeling a total uncertainty about starting your Probate Real Estate investing program right now? Are you looking for reassurance that with all the current turmoil in the Real Estate industry you should hold off? Are you waiting a while for the “dust to settle?” In other words, “let’s wait until the time is exactly right.” I’m here to tell you, there will never be a more “exact right time” than right now! With the current state of the economy, I’m sure some of you think this may not be the right time to begin your Probate Real Estate investing career.

OMAN JOBS – Purchase Manager Experience: 10 – 15 Years Location: Oman Education: UG – B.Com – Commerce, PG – MBA/PGDM – Any Specialization Industry Type: Construction/ Engineering/Cement/Metals Functional Area: Purchase, Logistics, Supply Chain Posted Date: 25 Jun Job Description Purchasing of minimum 7.5-10 million RO worth material per year in construction industry,strong vendor negotiation skills, market study, analysis report, material forecasting, planning and scheduling.

The Northeastern Indiana Association of Realtors started allowing members to post more photos for each home listing last week. Photo caption: Smith Source: More photos on Realtors’ Web listings (Fort Wayne Journal Gazette) Related Posts: Sports lineup (Fort Wayne Journal Gazette) Laid off fight back in court (Fort Wayne Journal Gazette) The County Realtors in Tuscola expands reach (Journal Gazette & Times-Courier) Google Is A Scraper Site, Says National Association Of

July 25, 2009 in Foreclosure, Sub-Prime, Short Sales, Real Estate Stats & Market Update | Tags: All About Portland Oregon Real Estate, Betty Jung, betty-jung-blog, betty-jung-re-max, betty-jung-realtor, betty-jungs-blog, Betty’s Blog, blog, blogging, Buying, German Realtor, german-speaking Realtor, housing, housing-blog, Lake Oswego, Lake Oswego Homes, Lake Oswego Real Estate, lake oswego-oregon-real estate, lake-oswego-blog, lake-oswego-housing-blog, lake-oswego-oregon-real-estate-blog,

The real estate market in Queens declined dramatically in the second quarter of this year, according to a new report prepared by the appraisal firm Miller Samuel for the Prudential Douglas Elliman Real Estate firm.

BCREA survey -  A new survey of BC homeowners and renters on housing affordability and green housing issues suggests consumer confidence concerning real estate purchases may be improving.. Sponsored by the British Columbia Real Estate Association (BCREA), the May 2009 Mustel Group survey tracked several key measures asked in a January 2009 BCREA survey, including top affordability barriers and how provincial taxes impact BC homebuyers. It also uncovered new primary data on buyer intentions and energy-efficiency practices at home.

For the first time, ITC Ltd—the country’s biggest tobacco company which also runs hotels—told its shareholders that it was willing to integrate with itself the businesses of competing hotel companies such as EIH Ltd and Hotel Leela Venture Ltd in which it has acquired substantial equity interest. The overture of “partnership” comes at a time when ITC is looking to aggressively expand its hotel business and has lined up an investment of around $2 billion, or close to Rs10,000 crore, to build new properties over the next 7-10 years.

The June 2009 Completed Sales Report for San Jose Single-Family Homes saw a closing of 694 sales receiving 99.16% of list price. These closings represented a median price of $449,000 and an average price of $503,660. There were 866 new listings reported to the MLS for June 2009 . Total Sales: $349,540,109 The June 2005 Completed Sales Report for San Jose Single-Family Homes saw a closing of 910 sales receiving 102.09% of list price.

The real estate market in Queens declined dramatically in the second quarter of this year, according to a new report prepared by the appraisal firm Miller Samuel for the Prudential Douglas Elliman Real Estate firm.

From Bloomberg: a href=”http://www.bloomberg.com/apps/news?pid=20601068sid=a2mAhkgbWDXc”Bernanke Says Commercial Property May Pose Risk for Economy/a blockquoteFederal Reserve Chairman Ben S. Bernanke said a potential wave of defaults in commercial real estate may present a “difficult” challenge for the economy, without committing to additional steps to aid the market. br /…br /It “may be appropriate” for the government and Congress to consider “fiscal” steps to support the industry, Bernanke said today.

The real estate market in Queens declined dramatically in the second quarter of this year, according to a new report prepared by the appraisal firm Miller Samuel for the Prudential Douglas Elliman Real Estate firm.

Report: Is ACORN Intentionally Structured As a Criminal Enterprise? – libertysarmy.com 07/25/2009 Report: Is ACORN Intentionally Structured As a Criminal Enterprise? Press Release COMMITTEE ON OVERSIGHT AND GOVERNMENT REFORM http://republicans.oversight.house.gov July 23, 2009 WASHINGTON. D.C. – A report released today by Rep. Darrell Issa (CA), the Ranking Republican on the House Oversight and Government Reform Committee, presents evidence that ACORN has evaded taxes, obstructed justice, engaged in racketeering, and created a conspiracy to defraud the United States.

Dear CIGAs, The Formula has sharks teeth in it. Phase two of this crisis will tear the veil of MOPE away, showing that the creation of tons of funny money for the financial industry only clouded the sheeple’s vision of the continuing downward spiral of the Formula. No practical solution exists when OTC derivatives melt down to the real economy. Hyperinflation, as a currency event, is on the horizon.

For appraisers employment for a real estate market has always been part of assessing market conditions. In assessing market conditions there are several factors that need to be monitored however one of the appraiser’s most important is the “basic” and “non-basic” job base for a community. For those that may not remember what basic and non-basic is “Basic Industry: Industry that sells its products outside the community, bringing money into the community and Non-basic Industry: Industry that sells its products within the community; it does not bring money into the community” .

As one of Chicago’s top ten residential real estate agents (and #77 in the nation according to The Wall Street Journal ), I am a frequent source for the media. I always enjoy the opportunity to share my “in-the-trenches” perspectives on Chicago’s residential market, as I believe that what is happening locally is more relevant to Chicago homeowners than generalized national reports.

So we’ve been saying it for a while now, the low end of the market is moving, everything else is still hurting. Well, Coldwell Banker sent agents a flyer for a quick reference showing exactly what we’ve been talking about. The market under $300,000 is up 9% from last year, the markets over that price range are down and the down market doing the best is down -26% from last year.

So we’ve been saying it for a while now, the low end of the market is moving, everything else is still hurting. Well, Coldwell Banker sent agents a flyer for a quick reference showing exactly what we’ve been talking about. The market under $300,000 is up 9% from last year, the markets over that price range are down and the down market doing the best is down -26% from last year.

This report from Bloomberg tells me a couple of things: We’ve got a serious inventory problem if we have 18.7 million vacant homes in the US. The inventory of vacant homes has been statistically unchanged in the last 12 months.    We aren’t burning off the inventory like we’d like to. So, is the housing market rebounding?  If it is, it’s not doing so very quickly. Tom Vanderwell U.S. Home Vacancies Hit 18.7 Million on Bank Seizures (Update2) – Bloomberg.com More than 18.7 million homes stood empty in the U.S.

Amidst the latest national foreclosure figures which reached a whopping 1.5 million for the first half of the year, the number of California properties belonging to foreclosed home listings dropped during the period covering April to June. According to the report released by a research firm, the number of homes lost … Source: www.foreclosurelistingsnationwide.com California REO Property Listing Continues to Climb The number of homes on REO property listing in Silicon Valley, California is starting to pick up again as banks resumed their activity of selling properties they repossessed from homeowners who failed to pay their mortgages.

Dennis NormanBy: Dennis NormanExisting home sales in Florida rose in June, the 10th consecutive month that sales activity showed gains in the year to year comparison for both existing home as well as existing condominium markets.  And, for the second month in a row, the statewide median sales prices for existing homes was higher.According to the Florida Association of REALTORS(R), there were 15,850 existing homes sold in June up 28% from June 2008 when there were 12,339 sales.  There were 5,241

Notices of Default in California for the second quarter were up about 2.4% over the comparable period in 2008. Housing Wire had the story and it’s a pretty small little data point but I thought the comment they included in their article from the President of Data Quick was worth noting. Here is what he had to say: “There is a perception that the housing market is dragging along bottom, that it probably won’t get much worse, and that the lenders need to get serious about processing the backlog of delinquencies, either with work-outs or foreclosure,” said DataQuick president John Walsh.

The Q2 2009 Completed Sales Report for Palo Alto Single-Family Homes saw a closing of 114 sales receiving 97.69% of list price . These closings represented a median price of $1,372,500 and an average price of $1,568,627. There were 198 new listings reported reported for Q2. Total Sales: $178,823,500 Palo Alto VA The Q2 2009 Completed Sales Report for Menlo Park Single-Family Homes saw a closing of 102 sales receiving 96.2% of list price .

filed in Business on Jul.25, 2009A key indicator of mortgage trouble hit an all-time high for the Bay Area in the second quarter, according to a real estate report released Wednesday.ImagesView Larger ImagesGet QuoteSymbol LookupMore BusinessAstronauts install fresh batteries on spacewalk 4 07.24.09Palm Pre reconnects with estranged iTunes 07.24.09Beckham fined $1,000 by MLS for gestures to fans 07.24.09Buffett’s animated financial lessons going online 07.24.09Notices of default, sent to people

View Larger Map In real estate terms, we call this area 530. The area of Redmond called Education Hill is north of Redmond Town Center and is not part of this report.  The area represented by the statistics posted below is Redmond, 98052, south of highway 908 and east of 140th Ave NE. The neighborhoods are all within shouting distance of Microsoft . In real estate terms, we call this area 530. The area of Redmond called Education Hill is north of Redmond Town Center and is not part of this report.

Boy have we been busy…The last RMLS market action report came out about a week ago and I’m just now able to sit down and get my commentary and this blog entry in and the latest June 2009 RMLS Market Action Report shows why; the market is moving folks! We’re seeing lots of activity, lots of buyers, FHA in just about every transaction these days, seller paid closing costs in most as well and of course that first time home buyer tax credit.

As we pass the mid point of 2009, the Deep Creek Lake and Garrett County real estate market continues to feel the impact of the national economy and global recession. Not because we have an abundance of short sales and foreclosures – because we really don’t – the biggest impact right now is the national media and the negative perception of real estate in general. This perception continues to widen the gap between what buyers are willing to pay and what sellers are willing to accept for their properties in our market.

Canada’s housing market is tilting in favour of buyers, but a U.S.- style collapse is not expected in the future, says a new report from Scotia Economics.  The report says the longest postwar housing boom has ended with the most signific…

  SHIFT – Mastering Short Sales Presentation/Notes by Barbara Horan, Keller Williams Realty Temecula   KW Agent Training: SHIFT – Mastering Short Sales View more presentations from movingcareers .     INDIVIDUAL SLIDES WITH NOTES   v  Phase 1: Preforeclosure. The time line for foreclosure will vary from state to state and from lender to lender. It typically begins with the homeowner’s first missed payment.

It’s that time again — time for the quarterly housing report for Virginia. Let’s get the bad news over with first. While there might be a light at the end of the economic tunnel, we’re still in the tunnel. So while the long-term prospects may be positive, we’re still feeling the effects of the economic nightmare that began in mid-2007. Unemployment is a bit over 13% nationwide. Virginia’s unemployment rate is lower than the national average; we have the 11th lowest unemployment rate in the country at around 8%.(These figures are real unemployment numbers, by the way, taken from U.S.

For the past six months or so, Wall Street has been bracing for what many fear may be the next shoe to drop on the already battered U.S. economy: a U.S. commercial real estate bust that could rival the housing market collapse. Source: The next big crash? Wall Streets awaits commercial real estate crisis (New York Daily News) Related Posts: Banks kick commercial real estate loans down road (Reuters via Yahoo! UK & Ireland News) Commercial Real Estate Dims as High Return Asset Class (Wall Street Transcript via Yahoo!

This report from Bloomberg tells me a couple of things: We’ve got a serious inventory problem if we have 18.7 million vacant homes in the US. The inventory of vacant homes has been statistically unchanged in the last 12 months.    We aren’t burning off the inventory like we’d like to. So, is the housing market rebounding?  If it is, it’s not doing so very quickly. Tom Vanderwell U.S. Home Vacancies Hit 18.7 Million on Bank Seizures (Update2) – Bloomberg.com More than 18.7 million homes stood empty in the U.S.

It’s becoming the buzz word in housing — “green” homes are what many buyers are interested in these days. According to the National Association of Home Builders (NAHB), as much as 90 percent of home buyers think that energy efficiency is a very important factor when shopping for a home. These same buyers are also very interested in environment-friendly features including having housing close to parks, public transportation, and well-designed neighborhoods with sidewalks.

The real estate market in Queens declined dramatically in the second quarter of this year, according to a new report prepared by the appraisal firm Miller Samuel for the Prudential Douglas Elliman Real Estate firm.

The national home supply is down to its lowest levels since December 2008. In June, there was 9.4 months of supply , down from a year-ago level of 11.0 months.  It’s one more sign that the housing market may be mending itself. Housing supply is an important metric because home values across every U.S. market are rooted in Supply and Demand .  When the supply of available homes outpaces buyer demand, home values tend to fall.  And, by contrast, when homes are relatively scarce, values tend to rise.

Toledo Real Estate Market Continues Slow with average sales price and volume continuing below one year ago. An a national level, things are getting better – with RISMEDIA and NAR reporting sales voume in total units sold up 3.6 % overall. While they say this is the third month of improvement, they note that sales are still below June of 2008. ###### RISMEDIA, July 24, 2009-Existing-home sales rose for the third consecutive month with inventory easing and home prices declining less sharply in June, according to the National Association of Realtors®.

There is a difference to understand between a forclosed South Lake Tahoe house.. .and one that is not. A distressed property is either a bank owned (REO) home, or one that is a short sale, and there is a significant difference between a distressed property in South Lake Tahoe, CA and one that is not. Lets look at the effect of distressed properties on all 2009 South Lake Tahoe, CA single family home sales.  Note the  statistics and charts below used to produce his report.

The Dow passes the 9,000 mark for the first time since January this week. The stock market’s big rally was fueled by optimistic Investors who are now firm in the belief that the worst financial crisis in 70 years is finally over and the recession that it spawned will soon fade away. The report of profits from once disgraced commercial and investment banks, as well as from technology giants, and signs of stabilization in the residential real estate market created the right environment for exuberance to take hold.

Is obsession with social networking good for marketers? BizReport looks at the new survey from Anderson Analytics whose result report that consumers can’t get enough of their favorite social networks. Is that good for marketers? For the “this is cool” segment of Friday Blog Scan, those of you who use the iPhone you know that its battery has life issues. Well according to CrazyMikeApps this new app will help you keep your iPhone juiced . We all have heard of Jamba Juice.