Archive for May, 2010

DeedStreet RE NewsRoll 4/28/10

Posted on May 28th, 2010 in Deedstreet News | No Comments »

EAST VALLEY, AZ
East Valley Real Estate weekly wrap-up
Our wrap-up of this week’s questions with our fun outtakes. Thanks to Sasha Lopez for helping to brief others about the Best Darn Team in the Valley…Watch Video…

HILLIARD, OH
Hilliard home sales up 103.3%
The graph shows single family home sales in the Hilliard City School District for the past 15 months. The graph shows sales and inventory (homes for sale) for Hilliard homes. April 2010 Hilliard single family home sales were up 103.3% over April 2009. The federal home buyer tax credits ended April 30, 2010. Hilliard home sales a market report through April 2010…View Graph…

LAKE GENEVA, WI
THE SUPPLY OF NEW LAKE GENEVA REAL ESTATE HOMES FOR SALE JUST DROPPED OFF A CLIFF
The supply of newly-built homes for sales plummeted in April, a positive indicator for the Lake Geneva real estate housing market as we head into the summer months. It’s no wonder that homebuilders are breaking new ground at the fastest clip in 2 years. At the current sales pace, the nation’s complete supply of new homes would be sold in just 5 month’s time…Rest of Story…

SEATTLE, WA
Seattle Real Estate Blog: Simple Post Today-What’s the One Thing Social Media Has Done to Change your Biz?
Hello All-Kind of a change up for me and mySeattleblogs.com as I’d like to engage with you on a simple Q & A expedition to find out how and what has Social Media Done to change the way you do business? From Blogging to Facebook and Twitter…what are your into? Whether it’s Real Estate or any Business Venture you’re currently involved in…I’m very interested to hear from all of you…Rest of Story…

US – SOCIAL MEDIA
Closed real estate transactions via social media = 80%!
80% of my closed transactions over the last six months can be directly attributed to my use of social media marketing. I might even make an argument that much of the other 20% was indirectly linked to social media, too. “Bull”, you say? “Hogwash”, you think? “How is that even possible?”, you wonder? Well, I speak the truth. It didn’t happen overnight, though. Social media takes work and…Rest of Story…

DeedStreet is bringing the best hyperlocal real estate stories / blogs / news of the day to one place in the form of a daily NewsRoll. We would like to make the NewsRoll as hyperlocal as possible. So if you have a RE story from your town/city/neighborhood/blog, send it our way; we will be sure to give you recognition and a link back to your site. This is just our latest experiment with real time social media, so please be sure to give us any feedback on how we can make this service even better.

DeedStreet RE NewsRoll 5/27/10

Posted on May 27th, 2010 in Deedstreet News | No Comments »

EAST VALLEY, AZ
Hold on and grab the popcorn, short sales could become more interesting
Dean Ouellette of the East Valley Team talks about how the price per square foot for East Valley short sales has grown closer to the price of foreclosures. Does that give banks more leverage in negotiating short sales? The East Valley Short Sale market is changing, and maybe not for the better for sellers. The gap on price per square foot between foreclosures and short sales is…Rest of Story…

GRANDVIEW, OH
Grandview home sales up 100%
The graph shows Grandview single family home sales and inventory (homes for sale) for the past 15 months through April 2010. April 2010 Grandview home sale were double sales for April 2009. The red line is pending sales. The federal home buyer tax credits expired at the end of April 2010. Grandview home sales up 100% a market report for April 2010…Rest of Story…

LAKE GENEVA, WI
SHOULD YOU REFINANCE YOUR LAKE GENEVA MORTGAGE?
Because of strife in Greece, Spain and North Korea, conforming Lake Geneva mortgage rates are back to all-time lows. They’re at levels not seen in 50 years. For homeowners that missed the Refi Boom of November 2009, it’s a second chance. In this well-presented, 3-minute video from NBC’s The Today Show, you’ll get tips getting low rates and choosing the best time to lock in…Rest of Story…

PHOENIX, AZ
Phoenix police officer shot, killed; suspect in custody
A Phoenix police officer was shot and killed while searching for a man near Indian School Road and 19th Avenue early Wednesday morning. Officer Travis P. Murphy, 29, was shot about 1:30 a.m. He had a wife and children ages 2 years old and 2 weeks old. The line-of-duty death marks the first in Phoenix since an officer was fatally wounded by a drunken driver in 2008…Rest of Story…

SAN ANTONIO, TX
Would you treat your friends this way?
I’ve written before about the use of the word “friends” in social media. These days, a friend is only a click away. We like everyone and everyone likes us, our businesses, groups, associations, and the products we use and buy. With all this like going around, you might think we’ve finally achieved world peace. When social anthropologists look back, maybe they’ll call it the…Rest of Story…

SEATTLE, WA
More Seattle Blogs: Seattle’s backyard cottages make a dent in housing need
John Stoeck is building a one-bedroom, 437-square-foot cottage on the spot where his garage stood before a tree fell on it. Construction costs: about $50,000. When the cottage is finished this summer, he plans to rent it for at least $900 a month, which will make a nice dent in his mortgage payments. His is just one of about 50 tiny cottages sprouting in backyards across the…Rest of Story…

US – DEFAULTS
Could be a bigger pig than you think…
From this week’s Standard & Poor’s Structured Finance Intelligence update – “U.S. Residential Mortgage Default Index: Defaults Are Waning But Cumulative Default Rates Remain Extremely High For Recent Vintages” – U.S. Residential Mortgage Default Index slowed in the first quarter of 2010 (OK, good…)
Additionally, the rate of increase, measured as a percent of the unpaid principal…Rest of Story…

US – UNCERTAINTY
Real estate news confuses, analysts don’t agree on market health
Foreclosures are down slightly but by some accounts the numbers of loans that will go into default in the coming years will still go up. New construction surges and new home sales are up substantially but the value of raw land in many places is down. The stock market is up 190 points. The stock market is down 227 points the next day…Rest of Story…

DeedStreet is bringing the best hyperlocal real estate stories / blogs / news of the day to one place in the form of a daily NewsRoll. We would like to make the NewsRoll as hyperlocal as possible. So if you have a RE story from your town/city/neighborhood/blog, send it our way; we will be sure to give you recognition and a link back to your site. This is just our latest experiment with real time social media, so please be sure to give us any feedback on how we can make this service even better.

DeedStreet RE NewsRoll 5/26/10

Posted on May 26th, 2010 in Deedstreet News | No Comments »

COLUMBUS, OH
Mortgage Credit Certificate for Columbus first time home buyers
MCC stand for Mortgage Credit Certificate How does the OHFA (Ohio Home Finance Agency) MCC (Mortgage Credit Certificate) work? From their site: “Homebuyers who qualify for the program receive a Mortgage Credit Certificate from OHFA, which can be used to reduce their household’s tax burden every year for the life of their mortgage loan. With an MCC, a percentage of what you pay…Rest of Story…

LAKE GENEVA, WI
LAKE GENEVA REAL ESTATE HOME SUPPLIES TICK HIGHER, CREATING AN OPENING FOR TODAY’S HOME BUYERS
Sales of existing homes rose in April, buoyed by an expiring home buyer tax credit and exceptionally low Lake Geneva mortgage rates. As compared to March, April’s Existing Home Sales rose by 410,000 units nationwide — the second straight month of large gains. An “existing home” is a home resold by a prior owner (i.e. not new construction). It’s a solid report for housing overall…Rest of Story…

PHOENIX, AZ
City council makes decision on whether to raise property taxes
The property tax in Phoenix has not changed for 14 years and it will be at least two more years before any changes are made. The Phoenix City Council voted Tuesday to keep the current fixed combined property-tax rate. If the problems continue in two years as far as property values, the city council can either take a vote to change the secondary tax rate, change the primary tax rate or dip…Rest of Story…

SAN ANTONIO, TX
DO YOU HAVE TO TELL THE BUYER?
Death is a topic that most people don’t want to talk about in general and in real estate, it’s no different. I’ve been asked a few times about the details regarding death and disclosure in the state of Texas (more specifically, in San Antonio) when buying and selling a home. Questions such as; “This home seems cheap for this neighborhood, did someone die here?,” “It says ‘estate sale…Rest of Story…

SEATTLE, WA
Seattle Real Estate Blog: Are your Online Efforts Producing Offline Results?
Every once in a while I need to take a step back and look at what my online marketing is creating for my offline needs. Simply put…the only reason we prospect and market online is to get an offline result…the appointment! So, put down that mouse and keyboard for a moment and take a look at what your community is saying, or not saying about your online marketing efforts…Rest of Story…

DeedStreet is bringing the best hyperlocal real estate stories / blogs / news of the day to one place in the form of a daily NewsRoll. We would like to make the NewsRoll as hyperlocal as possible. So if you have a RE story from your town/city/neighborhood/blog, send it our way; we will be sure to give you recognition and a link back to your site. This is just our latest experiment with real time social media, so please be sure to give us any feedback on how we can make this service even better.

DeedStreet RE NewsRoll 5/25/10

Posted on May 25th, 2010 in Deedstreet News | No Comments »

EAST VALLEY, AZ
I offered full price on a short sale, but bank wants more, can they do that?
Today Kristin LaVanway and Dean Ouellette of the East Valley Team talk about how pricing a short sale is more of an art than a science and as a buyer you have little control. Even though you offer full price in a short sale, there is no guarantee that the lender will approve the short sale at that price. Than banks do not set prices on most short sale listings, those are set by the seller and…Rest of Story…

I’m not that agent, why HGTV won’t be calling me
Today Dean Ouellette of the East Valley Team talks about how he is unlikely to be asked to join an HGTV show. While he may be on Youtube, he is not likely to be on your TV any time soon because he thinks you smart. Does it annoy you when the real estate agent points out every little thing in the house like “this is the master bedroom” or “notice it has his and her sinks.” It annoys…Rest of Story…

LAKE GENEVA, WI
WHAT’S AHEAD FOR LAKE GENEVA REAL ESTATE MORTGAGE RATES THIS WEEK: MAY 24, 2010
Another week, same old story. Lake Genav mortgage markets improved again last week on worsening news out of Greece and the Eurozone. Then, as contagion mentality set in, U.S. mortgage bonds gained and mortgage rates fell. It’s the 4th straight week in which conforming mortgage rates for Lake Geneva real estate improved and, against the expectations of experts everywhere…Rest of Story…

SEATTLE, WA
More Seattle Blogs: Survey Finds 76% of Consumers Favor Renting to Homeownership
As the real estate market continues to fight an uphill battle towards recovery, the dream of homeownership seems to be dying out for some consumers, at least for the time being. According to a new online survey of more than 2,000 U.S. adults conducted in May by Harris Interactive and commissioned by the Arlington, Virginia-based National Apartment Association (NAA)…Rest of Story…

US – HOUSING
Optimistic Outlook for Housing, But Challenges Remain
Economists participating in a recent NAHB Construction Forecast Conference Webinar agreed that the housing market is on the road to recovery, but cautioned that several factors could contribute to a bumpy ride in the coming months. “Home buyer tax credits clearly did their job and got people back into the marketplace,” said NAHB Chief Economist David Crowe, who also…Rest of Story…

US – HOUSING FUNDAMENTALS
Ignore Housing Price Volatility and Focus on Fundamentals
As economic experts search for clear indicators of a housing turnaround, signals point to increased volatility in home prices. Housing prices showed a slight decline of .3% March 2010, according to First American CoreLogic , over February 2010, while the Year-Over-Year numbers show a 1.7% increase. Further the Case-Shiller Index is expected to show Month-Over-Month declines when…Rest of Story…

US – HOUSING PRICES
Breaking news?
Think this is breaking news about US housing prices? Data through March 2010, released today by Standard & Poor’s for its S&P/Case-Shiller Home Price Indice show that the U.S. National Home Price Index fell 3.2% in the first quarter of 2010, but remains above its year-earlier level. We don’t. Active prices have been moving lower for months and absorbed prices moved sharply lower in January…Rest of Story…

DeedStreet is bringing the best hyperlocal real estate stories / blogs / news of the day to one place in the form of a daily NewsRoll. We would like to make the NewsRoll as hyperlocal as possible. So if you have a RE story from your town/city/neighborhood/blog, send it our way; we will be sure to give you recognition and a link back to your site. This is just our latest experiment with real time social media, so please be sure to give us any feedback on how we can make this service even better.

DeedStreet RE NewsRoll 5/24/10

Posted on May 24th, 2010 in Deedstreet News | No Comments »

COLUMBUS, OH
HER Realtors Cookbooks FREE
Or you can stop by an Open House: 1344 Snowmass Rd. Columbus Ohio 43235 Sunday May 30, 2010 2 to 4 PM and pick up the HER Realtor Cookbook editions you need to complete your collection. Or your mom’s collection? Your grandma’s collection? There were 18 HER Realtors Cookbooks published. The 50th Anniversary Edition was published in 2004, that was the 18th HER Realtors.com…Rest of Story…

EAST VALLEY, AZ
Mortgage Lender Marketing: It Takes All Kinds
I am never at a loss for some of the more creative mortgage marketing I see from time to time.
This week, I have been in Utah working on a project and I happened to be walking down the street in the small town of Lehi – which happens to be the town where the film Footloose was filmed.
If you haven’t been to Lehi, Utah before — just think to yourself ”small town America…Rest of Story…

SEATTLE, AZ
Seattle Real Estate Blog: Are You Being Social with Social Media?
Of all the ways one could get more exposure and recognition for themselves and their site, simply commenting on a fellow bloggers site may be the best and quickest way to build your Social Media presence. I’m no expert but I know the value in conversation. It’s one of the cornerstones of this Medium. Before you spend too much time and money getting Lost trying to get yourself…Rest of Story…

US – HOME SALES
Last hurrah for home sales?
Home sales have jumped in the past few months, with buyers rushing to take advantage of the soon-to-expire federal tax subsidy. But what will happen when the subsidy disappears and the market must stand on its own? In April, sales of existing home probably rose about 5% and sales of new homes likely gained about 3%, according to the median forecast of top economists surveyed by…Rest of Story…

US – HOME VALUES
Half of Owners Think Their Home Value Is Up
The confidence of U.S. home owners in the value of their homes increased in the first quarter, online home site Zillow says based on a survey it conducted. About 50 percent of home owners surveyed by the Web site think their home’s value declined in the past year, according to Zillow.com’s first quarter survey of home owner confidence. In contrast, Zillow thinks that 65 percent of U.S. homes…Rest of Story…

WISCONSIN
HOME OPPORTUNITY INDEX RANKS 225 METRO AREAS FOR AFFORDABILITY. WISCONSIN SCORES WELL
With home prices still relatively low and mortgage rates trolling near their all-time best levels, it’s no surprise that home affordability is extraordinarily high for Lake Geneva real estate and most U.S. markets. According to the quarterly Home Opportunity Index as published by the National Association of Home Builders, more than 72 percent of all new and existing homes sold between…Rest of Story…

DeedStreet is bringing the best hyperlocal real estate stories / blogs / news of the day to one place in the form of a daily NewsRoll. We would like to make the NewsRoll as hyperlocal as possible. So if you have a RE story from your town/city/neighborhood/blog, send it our way; we will be sure to give you recognition and a link back to your site. This is just our latest experiment with real time social media, so please be sure to give us any feedback on how we can make this service even better.

DeedStreet RE NewsRoll 5/21/10

Posted on May 21st, 2010 in Deedstreet News | No Comments »

CLINTONVILLE, OH
Clintonville – not a suburb but the best neighborhood
Clintonville the best Columbus neighborhood? Columbus neighborhood poll… Clintonville is a neighborhood…. “What’s the best City of Columbus / Columbus Schools Residential Neighborhood?” The Best Columbus Ohio suburb poll… you know places like Dublin, Grandview Heights, Lewis Center, New Albany, Powell, Westerville, Worthington. Voters on that poll added in other Central…Rest of Story…

EAST VALLEY, AZ
East Valley Team FAQ Weekly Wrap-up; the fun part
Our wrap-up of this week’s questions with our fun out takes…Watch the VIdeo…

LAKE GENEVA, WI
THE FED’S APRIL MINUTES PUSH LAKE GENEVA MORTGAGE RATES EVEN LOWER
After starting the day in the red, Lake Geneva mortgage rates rebounded Wednesday afternoon after the Federal Reserve released its April 27-28, 2010 meeting minutes. It’s good news for home buyers and would-be refinancers who either are looking for or own Lake Geneva real estate. Mortgage rates continue to troll along multi-year lows. “Fed Minutes” are lengthy, detailed recaps…Rest of Story…

SAN ANTONIO, TX
Foursquare, Starbucks, and Marketing Loyalty
Foursquare has been around for awhile and in an unsurprising move the other day, I noticed the screen you see in the image above. I was dropping off my wife when I noticed the “Special” tag next to a nearby Starbucks and clicked it. The idea is that if you’re the Mayor of a Starbucks, they will reward you with $1 off of their new “however-you-want-it Frappuccino.” If you’ve never used…Rest of Story…

US – MOST LIVABLE CITIES
The top 5 most livable cities
College towns like Provo, Utah, and Ann Arbor, Mich., rank three and four, respectively, on our most livable cities list thanks to steady employment figures and thriving cultural scenes. Pittsburgh and Manchester, N.H., newly revitalized former manufacturing centers, appear in spots one and seven. To find them and others, we measured 200 Metropolitan Statistical Areas looking at the…Rest of Story…

DeedStreet is bringing the best hyperlocal real estate stories / blogs / news of the day to one place in the form of a daily NewsRoll. We would like to make the NewsRoll as hyperlocal as possible. So if you have a RE story from your town/city/neighborhood/blog, send it our way; we will be sure to give you recognition and a link back to your site. This is just our latest experiment with real time social media, so please be sure to give us any feedback on how we can make this service even better.

DeedStreet RE NewsRoll 5/20/10

Posted on May 20th, 2010 in Deedstreet News | No Comments »

GILBERT, AZ
Former town manager’s son picked for Gilbert council
Ben Cooper, a 38-year-old real estate agent, husband and father of three young children, has been selected to fill the vacancy on Gilbert Town Council. The son of former town manager Kent Cooper, he faced tough competition for the position vacated by former Councilman Steve Urie. There were 31 candidates seeking the position, and Town Council narrowed that field to eight before…Rest of Story…

LAKE GENEVA, WI
IS NOW THE PERFECT TIME TO BUY LAKE GENEVA REAL ESTATE?
Single-family Housing Starts rose by 55,000 last month, suggesting ample housing stock from which Lake Geneva real estate shoppers can choose this summer. The report is a slightly larger read than what economists had expected. Furthermore, for the first time since June 2009, Housing Starts appears to have broken away from its half-million unit plateau. 593,000 new homes…Rest of Story…

MAUI, HI
South Maui Sunset Brokers Open – Tuesday May 18, 2010
Yesterday I attended a brokers open in Kihei Maui, where a number of homes mostly on Halama Street were featured. Halama St. is one of those quiet residential streets that runs along the coastline, 1 block back from busy South Kihei Road. As you can imagine, anything on the oceanfront comes with a premium price tag, whether it’s a mansion or a fixer-upper. There were 7 homes to tour…Rest of Story…

SAN ANTONIO, TX
Identifying Your Own Identity
A week and a half ago, I did something I thought I’d never do. I shaved my instantly identifiable goatee off. Bare chinned, I stared at myself in the mirror and didn’t know who I was. I’ve had my rather long goatee since I was in 8th grade and I had grown really attached to it. I grew it because I could; I was that kid that had facial hair long before most (I also grew a Tom Selleck…Rest of Story…

SEATTLE, WA
Seattle Real Estate Blog: The Facebook Giveth and the Facebook Taketh Away.
I was consulting with 2 separate clients yesterday, setting up their fan pages and unique landing pages when I noticed I wasn’t able to choose the new tab I just installed. The only options were the default tabs ‘Wall’ & ‘Info’ only. I was a little frustrated but had other ‘fish to fry’…so I moved on. Then I get the news last evening from @ReggieRPR on Twitter that Facebook had…Rest of Story…

UTAH
Utah mortgage delinquencies fell in first quarter of 2010
The delinquency rate for mortgage loans on residential properties in Utah fell 0.61 percent in the first quarter of 2010 from the previous three-month period, according to the Mortgage Bankers Association, based in Washington, D.C. The report released Wednesday showed the state had a delinquency rate of 8.03 percent, compared to the national average of 9.38…Rest of Story…

DeedStreet is bringing the best hyperlocal real estate stories / blogs / news of the day to one place in the form of a daily NewsRoll. We would like to make the NewsRoll as hyperlocal as possible. So if you have a RE story from your town/city/neighborhood/blog, send it our way; we will be sure to give you recognition and a link back to your site. This is just our latest experiment with real time social media, so please be sure to give us any feedback on how we can make this service even better.

DeedStreet RE NewsRoll 5/19/10

Posted on May 19th, 2010 in Deedstreet News | No Comments »

COLUMBUS, OH
Beam Me Down, Scottie
Love Clintonville? Victorian Village? Grandview? Arlington? Old Worthington? Most older homes I am familiar with in Central Ohio have a basement so the beams and the columns are a lot more noticable than those in a crawl space. Not that we don’t have parts of homes (winges, additions) on a crawl space but as a real estate agent or a buyer we seldom get into the crawl space to…Rest of Story…

HAIKUI MAUI, HI
Haiku Maui HI market update – what’s been selling in Haiku lately?
I know you’re all wondering what’s been selling lately in Haiku Maui, so here’s an update for the past month. There have been 4 Haiku Maui home sales – ranging from $320,000 to $620,000. Average price of $411,250. 991 Haiku Road closed at $320,000. Agreement of sale. It was an old fixer home on a large lot of .45 acres. 77 Nahele Road sold for $340,000. Cash. Property had a lot…Rest of Story…

LAKE GENEVA, WI
THE RIGHT WAY TO TAKE A CASH GIFT FOR DOWNPAYMENT FOR LAKE GENEVA REAL ESTATE
As lenders tighten mortgage guidelines for Lake Geneva real estate home buyers, minimum downpayment requirements are increasing. Several years ago, you could finance a home with nothing down. Today, most conventional mortgages require at least 10 percent. There are circumstances where you can still put 5% down, but the requirements are strict. Anecdotally…Rest of Story…

SEATTLE, WA
Seattle Real Estate Blog: Get Real Education for Real Estate at Evergreen Professional Training, Inc.
As a Certified Real Estate Instructor as well as a Broker, I’m obsessed with not only being educated but making sure I educate as many real estate professionals as I can in the Seattle Real Estate Market. My goal is to help…and my passion is to educate! So that is why I want every agent and Broker reading this this post to take a look at Evergreen Professional Training, Inc. or EPTI for short…Rest of Story…

US – REAL ESTATE COACHING
Winner Announcement of the “Life! By Design Contest” By Tom Ferry
So it appears I’ve won a month of coaching thanks to my post “I hate Tom Ferry. – My Life! By Design.” The post was actually fun to write and to learn that Tom had the humor to not take offense to my declaration of hatred towards him made it even better. If you didn’t enter, I would still suggest you read through the contest post and do the exercise, I found it to be rather helpful…Rest of Story…

DeedStreet is bringing the best hyperlocal real estate stories / blogs / news of the day to one place in the form of a daily NewsRoll. We would like to make the NewsRoll as hyperlocal as possible. So if you have a RE story from your town/city/neighborhood/blog, send it our way; we will be sure to give you recognition and a link back to your site. This is just our latest experiment with real time social media, so please be sure to give us any feedback on how we can make this service even better.

DeedStreet RE NewsRoll 5/18/10

Posted on May 18th, 2010 in Deedstreet News | 1 Comment »

EAST VALLEY, AZ
Bank of America changing short sale system, the good and bad
Kristin and Dean recently went to a seminar put on by Bank of America discussing the past, present and future of short sales. Bank of American has admitted their mistakes in the past. It would be kind of hard not to admit them, just search for short sale nightmare stories and you are going to run hundreds of horror stories and most of them will involve Bank of America. Two issues…Rest of Story…

FALLS CHURCH, VA
Falls Church Real Estate Sales Prices Up Again
Another strong month for Falls Church real estate! Continuing recent trends, prices are up, days on the market are down, and the percentage of the market that’s “distressed” (ie. a short sale or bank owned property) is down. All great news for property owners! A total of 122 properties changed hands in April, of which 15 were bank owned and 17 were short sales, for a total of 26%. Last…Rest of Story…

LAKE GENEVA, WI
WHAT’S AHEAD FOR LAKE GENEVA REAL ESTATE MORTGAGE RATES THIS WEEK: MAY 17, 2010
Lake Geneva real estate mortgage markets improved last week — but barely — as ongoing doubt surrounding the health of Greece and the Euro pushed additional investors into safe assets, including mortgage bonds. Mortgage rates were wildly volatile between Monday and Friday before closing the week slightly better than their best levels of the year. It’s the 3rd straight week in…Rest of Story…

SEATTLE, WA
Seattle Real Estate Blog: Weekly Mortgage Market Update
We’ll get a double dose of inflation news this week, with Today’s Producer Price Index, which measures inflation at the wholesale level, and Tomorrow’s Consumer Price Index. Remember: inflation is the arch enemy of Bonds and home loan rates, and any hint of inflation in these reports could impact the markets. Housing, manufacturing, and job news are also in store this week…Rest of Story…

US – BANK OF AMERICA
Bank of America Reports More Than 56,000 Permanent Home Affordable Modifications, among More Than 600,000 Total Modifications Since January 2008
Bank of America has completed about 56,400 permanent mortgage modifications under the federal government’s Home Affordable Modification Program (HAMP), and has now completed a total of more than 600,000 modifications through all available programs since January 2008, the company reports.
“We were able to convert close to 24,000 Bank of America customers from trial…Rest of Story…

DeedStreet is bringing the best hyperlocal real estate stories / blogs / news of the day to one place in the form of a daily NewsRoll. We would like to make the NewsRoll as hyperlocal as possible. So if you have a RE story from your town/city/neighborhood/blog, send it our way; we will be sure to give you recognition and a link back to your site. This is just our latest experiment with real time social media, so please be sure to give us any feedback on how we can make this service even better.

DeedStreet RE NewsRoll 5/17/10

Posted on May 17th, 2010 in Deedstreet News | No Comments »

GILBERT, AZ
Joe’s Real BBQ to serve breakfast!
Beginning next Saturday (May 22, 2010), that bastion of downtown Gilbert dining, Joe’s Real BBQ, begins serving breakfast. Joe, Tad and company opened the doors today for a little sneak preview of the new breakfast menu. Quite a few folks were invited in to test out the menu and help Joe’s work out the kinks. Breakfast is my favorite meal to eat out, and given the quality of the…Rest of Story…

MAUI, HI
Maui Hawaii South Shore Condo Newsletter – May 2010
I’m seeing a downturn of new condo inventory coming on the market. Is this because sellers who aren’t really serious are waiting to list their properties? That will mean a higher percentage of what’s for sale will be in the distressed category. From the past month’s 74 new listings, about one third of them are either bank owned or potential short sales. Since so many buyers are still…Rest of Story…

SEATTLE, WA
Seattle Real Estate Blog: Strategic Defaults…Is this the Next Issue for the Housing Market?
As a Real Estate Broker, I talk to people everyday who are in serious financial trouble and at risk of losing their home and their American Dream. For these folks, the fact of losing their home is not one they intended or imagined. But for some, the risk of losing their home is more a ‘Calculated’ matter. For these folks, Strategic defaults are their perceived way out! Some borrowers who…Rest of Story…

US – MORTGAGES
Mortgage Standards Tighten in 2010
The Federal Reserve says that “bank lending continues to contract” despite market conditions that are supportive for growth. I’m curious to see what the next update of their statement will be after yesterday’s wild ride on Wall Street. If you’ve applied for a investment property loan lately, you probably felt the extra scrutiny on income, assets and credit scores, among other…Rest of Story…

WORTHINGTON, OH
Worthington schools are not included
In a history of the Win-Win agreement the Columbus Dispatch wrote “Worthington schools are not included” which says “1986: Win-Win agreement signed between Columbus and 10 suburban districts: Canal Winchester, Dublin, Gahanna-Jefferson, Groveport Madison, Hamilton, Hilliard, New Albany-Plain, Reynoldsburg, South-Western and Westerville. Because of the 1968 agreement…Rest of Story…

DeedStreet is bringing the best hyperlocal real estate stories / blogs / news of the day to one place in the form of a daily NewsRoll. We would like to make the NewsRoll as hyperlocal as possible. So if you have a RE story from your town/city/neighborhood/blog, send it our way; we will be sure to give you recognition and a link back to your site. This is just our latest experiment with real time social media, so please be sure to give us any feedback on how we can make this service even better.