Real Estate Bloggers
Looking for the Best Real Estate blogs around? Wether you're looking for homestaging advices, real estate agents, fsbo support, you're at the right place. |
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Articles from Real Estate Bloggers |
Like Pennies from Heaven
2007-12-17 07:09:48
Every day’s like Xmas in my in-box, as leads and homes for sale that are not necessarily listed in my local MLS, but are listed on Zillow, come to me via ETerraFind.
An email is sent out each day with new listings of homes for sale within my chosen ZIP code. If you’re watching the market out of curiosity, for yourself or for a client, this will augment that search with any new home entered on Zillow, by either an agent or a homeowner.
I recently asked them how they came up with this and learned that they developed a property notification application for one of their clients to allow them to target any ZIP Code in the country, looking for new listings of properties that may not show up in the MLS. In particular, in the current buyers market, their client was looking for properties that were being offered at a price substantially below calculated estimates for potential acquisition. As part of their contract with this client, they’re allowed to market this service o ...
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Monday Blame Game: The Mortgage Fiasco is the MEDIA’s Fault!
2007-12-17 05:56:01
Monday’s Blame Game: The Media
I wonder how much in my life I have the wrong facts because the media gets it dead wrong. They sure as hell have missed things in covering this conversation The media caused more problems with this mortgage mess than any other group I’ve blamed so far. By confidently reporting on the fiasco without first getting a baseline understanding of mortgage markets, the forth estate has
The Banks Aren’t Winning Either!
Story of the week: big bad degenerate banks have lured low income people into a trap. The low income people eventually can’t pay because their ARMS change. The big bankers win when they get the opportunity to foreclose on their house–somehow profiting from this exchange. The little guy loses, again. Well, in this case, banks were stupid–not corrupt. The demand for bonds in a post 9/11 world caused radically eroding credit quality. This caused banks to lend to people that never, ever, showed any inclinati ...
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Real Estate Market Predictions
2007-12-17 05:33:05
Canada’s house prices forecast to rise by 3.5 per cent in 2008 but activity is expected to moderate
After experiencing an exceptional year characterized by strong average house price appreciation and record breaking unit sales, the momentum from 2007 is anticipated to carry over and position Canada’s real estate market for steady, yet moderate growth in 2008, according to the Royal LePage 2008 Market Survey Forecast.
Nationally, average house prices are forecast to rise by 3.5 per cent to $317,288 in 2008, while transactions are projected to fall slightly from this year’s record high unit sales to 500,927 (-4.0 %) unit sales in 2008. Despite the year-over-year reduction in sales, the number of homes selling in 2008 is expected to remain higher than in all years prior to 2007.
“Canada’s housing market in 2008 should continue to thrive on a balanced diet of strong economic fundamentals, including high levels of employment, resilient consumer confidence, mod ...
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Eyewitness “Today”¯ Account + Twelve Live TV Tips
2007-12-17 04:51:19
Thanks to everyone for their kind words about Redfin’s appearance on “Today,” which broadcast on Friday our data-driven guidance on how to sell a home more quickly, for a higher price. We showed up in the local papers and the blogs. Another food-fight broke out with the real estate bloggers. But mostly people have asked what it was like to be on the show. Here is our starstruck eyewitness account…
The segment was scheduled to run at 7:40, and the producer asked me to arrive by 6:50. Outside the Today studio it was festive: there was a gigantic Christmas tree, and traces of snow still on the ground, and a crowd of tourists, and a security guard manning a velvet rope. It was windy and cold. Inside there was another security guard, and — what a thrill! — another velvet rope.
The green room was just around the corner. The carpets were comfortable and worn. I was alone with two production assistants who were surfing the web on an ancient computer and wa ...
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Redfin on the Today Show “¦ tomorrow!
2007-12-13 11:47:07
We’re going to be on the Today Show Friday morning!
Are we joining Al Roker for the weather (and housing) forecast? We’ve been sworn to secrecy, but tune in Friday morning around 7:40 a.m. (same time in each time zone) to find out.
And it’s LIVE, so you know what that means “¦ anything can happen. Unless, of course, they have a tape delay for those Janet Jackson moments.
Check back tomorrow morning to get the scoop and maybe even a first-hand recount of what goes on behind the scenes.
In case you don’t know where to watch the Today show in your city, find out here.
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Can I get a “You think?”¯
2007-12-13 07:52:34
Okay, color me just a little bit skeptical, but I had to laugh when I read the article on www.money.cnn.com where the head of the National Association of Home Builders said, “Oops, we built too many homes!”
“Jerry Howard, chief executive of the National Association of Home Builders, told CNNMoney.com that numerous problems caused the sharp slump in the housing and mortgage markets, but he added that overbuilding during the boom years was a contributing factor”
It ain’t rocket science folks…….
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Hmmm”¦..
2007-12-13 07:30:35
November’s operating results reflect the trends of today’s mortgage market,”¯ said David Sambol, president and COO at Countrywide. “Origination mix continues to shift as third-party originated fundings as a percent of total mortgage loan fundings have decreased year-over-year and retail fundings as a percent of total have increased. In addition, government fundings represented 10 percent of total mortgage loan fundings in November 2007 versus 3 percent in November 2006.”¯
This is from www.housingwire.com
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IndyMac Makes Drastic Changes to Loan Programs (updated)
2007-12-13 05:39:45
With apologies to the Beatles:
Yesterday, making rebate was a game to play. Now it looks like it has gone away. Oh, I believe in yesterday.
Suddenly, my fees are half of what they used to be, Regulation’s hanging over me, Oh, my job left so suddenly.
Why fees had to go, I don’t know they wouldn’t say. I did something wrong, now I long for yesterday.
Yesterday, loans were such an easy game to play, Now I can’t find a sucker to pay, Oh, I believe in yesterday.
Why neg-ams had to go, I don’t know they wouldn’t say. We did something wrong, now we long for yesterday.
Yesterday, refi’s were such an easy game to play, Now I need a new job today, Oh, I would kill for yes-ter-day.
Hat tip M for sending this one along from IndyMac:
Update (added these changes from IndyMac):
Major guideline changes just announced:
* No Ratio and NINA has been eliminated on all products. * Stated income on jumbo is now limited to 75% ...
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First-Time Home Buyer Survey
2007-12-13 02:10:24
Despite year after year of escalating house prices across Canada, first-timer buyers are successfully financing and buying homes that meet their needs, according to a survey by CENTURY 21 Canada brokers. Don Lawby, president of the real estste franchise, says that buyers have maintained their presence in today’s housing market by combining innovative buying and financing strategies with practical compromises.
“First-time buyers often enter the market with an unrealistic list of expectations, but soon find they need to decide on a smaller house or accept a longer commute time,” says Lawby.
Once they choose a home, first-time buyers must tailor mortgage terms to meet their circumstances and lifestyles. “Savvy first-time buyers are asking mortgage brokers to sort through the dozens of alternatives available from banks and other lending institutions.”
“More and more first-timers are gifted with a significant down payment from their boomer parents as an ...
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Crazy Ways to Sell Your House
2007-12-12 23:55:09
You’re trying to sell your home in a rational manner. You’ve played by the book for over a month now, and you’re just not getting noticed. It’s time to shout louder, time to stand out from the crowd, time to go a little crazy! Here are some ways to do it according to Barbara Corcoran:
Send Your Broker First-Class to Paris
But not before he or she sells your house, of course. Lifestyle incentives can work wonders and don’t have to break the bank. In a market like this, your broker has lots of homes to choose from, but probably only one that can put her on the Champs Elysee. Hey, if the two of you are still talking by the time this is all over, you may even want to go with her.
Throw In A Luxury Car For Free
Don’t run out and buy one, but if the car in your garage is pricey, consider including it in the deal. It’s a lot more exciting than the washing machine that goes with the house next door, and it’s guaranteed to get talked about.
Buy A ...
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