Archive for May, 2010

DeedStreet RE NewsRoll 5/14/10

Posted on May 14th, 2010 in Deedstreet News | No Comments »

EAST VALLEY, AZ
Has the expiration of the first time homebuyer tax credit hurt the East Valley home market?
Today Kristin LaVanway and Dean Ouellette of the East Valley Team answer the question “has the taxpayer credit ending slowed down the amount of buyers in the East Valley. The deadline for the first time homebuyer’s and move-up homebuyer’s tax credits have come and gone. We have not seem much of a change from before. Although we thought there would be change, at least…Rest of Story…

FLINT, OH
Flint – #17 of 365 Places to Live in Columbus
The Village of Flint in northern Franklin County has been annexed to the City of Columbus for some time. Or perhaps there are still unincorporated areas along Flint Rd. and Park Rd. mixed in among the City of Columbus neighborhoods in the area: The Village at Worthington – The Village at Forest Ridge
Christopher Woods – The Sanctuary – Maybe The Sanctuary is NOT really part of what was…Rest of Story…

MAUI, HI
Maui April 2010 Sales Statistics
Brief Maui Statistics Overview: Pages 4 – April’s Sales Volume – Residential Sales rose for a third month in a row to 88 homes sold, while Condo Sales posted a 50-month high of 158 units sold. NOTE: This month’s condo figures includes 45 New Developer sales in the Honua Kai Project ranging from $573,300 to $4,500,000 which affects both Average and Median Condo prices…Rest of Story…

SAN ANTONIO, TX
Tattoo You: What do real estate and tattoos have in common?
Two things that don’t sound like they have much in common, but based on several late night conversations via Twitter with some of the agents I know, not as mismatched as one might think. Tattooing is an ancient art that has really come into its own over the past decade. I come from a family that has tattooing in its blood – both my father and brother being Marines who…Rest of Story…

SEATTLE, WA
Seattle Real Estate Blog: Blogging and Social Media is Custom Built for the Real Estate Agent?
I have been on a bit of a whirlwind lately spreading my message of Blogging on a Social Media Marketing Platform. With this being a clock hour course approved through the State of Washington, I’m knocking on virtually every Seattle Real Estate Brokers door to see if I can bring this ultra-informative content to their agents. After several months of delivering this course…Rest of Story…

US – FORECLOSURES
Banks take back record number of homes in March
April was a month of foreclosure records, both good and bad. For the first time more than four years, the number of households that received a foreclosure filing in April actually decreased year-over-year. Compared with April 2009, foreclosure activity fell 2%, according to RealtyTrac, and the number of filings declined 9% from March. In addition, the number of households that received…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 5/13/10

Posted on May 13th, 2010 in Deedstreet News | No Comments »

ARLINGTON, VA
How Prevalent Are Short Sales in the Arlington Real Estate Market?
Arlington County is one of the must affluent, most educated, most developed counties in Northern Virginia and the Washington, D.C. metro area….so how do these gold stars affect the real estate market? In case you need a refresher, read this post on the difference between an auction property, bank owned, and short sale. In order to meet qualifications for a short sale, you must…Rest of Story…

COLUMBUS, OH
Columbus Ohio 43214 home sales up 75%
The graph shows homes for sale and sold in the Columbus Ohio 43214 ZIP code for the past 15 months, home sales (closed) were up 75% over April 2009. The red line is pending home sales (not closed.) The graph is for single family only. The 43214 ZIP code is north Columbus, areas like Clintonville, Beechwold, Chaseland. Homes in the Columbus Ohio 43214ZIP code are…Rest of Story…

EAST VALLEY, AZ
Lender bait and switch – Another reason to consider agents preferred lender list
If you are a regular watcher of my Youtube station or this blog you must be sick of hearing me talk about lenders and how you should consider asking your agent for advice, but once again we have another story of a lender who was able to lure someone in and not deliver. This buyer was working with one of the three preferred lenders I had recommend they talk to and at the last…Rest of Story…

LAKE GENEVA, WI
RELOCATE AMERICA’S TOP 100 PLACES TO LIVE (2010 EDITION) – DID WISCONSIN OR LAKE GENEVA MAKE THE LIST?
Relocate America recently released its 2010 list of Top 100 Places To Live In America. The rankings are topped by some cities you may expect, and some you may not. According to Relocate America, the rankings highlight communities “moving in the right direction,” defined as having a combination of strong leadership, job opportunities, improving real estate markets, recreational options…Rest of Story…

SEATTLE, WA
Seattle Real Estate Blog: Advertise your Listings with Marketplace on Facebook
I still see it everyday, agents and Brokers advertising their listings on facebook. Want to get unfriended? Keep posting your beautiful 2 story Cottage in Middle of 100 miles from anywhere, USA with a view of the Corn Field to me in Seattle and you can be sure you’re off my Christmas Card list. Do the smart thing and use Marketplace on Facebook. This is like Craigslist on…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 5/12/10

Posted on May 12th, 2010 in Deedstreet News | No Comments »

COLUMBUS, OH
Dublin schools #15 of 365 Places to Live in Columbus
Dublin schools is #15 of ’365 Places to Live in Columbus’ The Dublin City School District is in northwestern Franklin County and Southern Delaware County and a “smidgen” of Dublin schools in Union County. This school district like others throughout Central Ohio is a “Place to Live.” A popular place to live. ’365 Places to Live in Columbus’ is a page on Facebook and on…Rest of Story…

FLORIDA & NEW YORK
Florida, New York Tops in Insurance Claims from Staged Accidents
Suspicious insurance claims from staged accidents are on the rise— and nowhere more than in New York and Florida, two states with no-fault statutes. Overall, the number of questionable claims from staged accidents increased by 46.3 percent from 2007 to 2009, according to the National Insurance Crime Bureau (NICB) Additionally, the ratio of staged accident claims to overall bodily…Rest of Story…

LAKE GENEVA, WI
SHOPPING FOR LAKE GENEVA MORTGAGE RATES IS PART RESEARCH SKILLS, PART LUCK
Shopping multiple lenders for a “good mortgage rate” can sometimes save you 1/8 percent on your rate and/or a few hundred dollars in fees. However, when it comes to getting the best mortgage rate, you’re going to more than good research skills. You’re going to need some luck. Mortgage rates for people looking for Lake Geneva real estate or anywhere else, for that matter, are…Rest of Story…

PHOENIX, AZ
Arizona immigration law hits Hispanic businesses in Phoenix
On a weekday afternoon during normal business hours, many business near northeast Phoenix’s Palomino neighborhood were empty. Some were closed despite signs saying they were normally open for business. Small-business owners that cater to Phoenix’s Hispanic population saw an immediate drop in business since the passage of SB 1070, the state’s controversial immigration…Rest of Story…

SEATTLE, WA
Seattle Real Estate Blog: Electronic Signatures and Paperless Closings…
News coming out of our fair Emerald City today is a partnership of 2 great ideas that are a much needed addition to the Seattle Real Estate Market and something that, in my view, is long overdue. DocuSign® and PropertyInfo have announced they are spearheading a joint partnership which will allow those of us in the real estate game to facilitate online paperless closings…Rest of Story…

US – TAX CREDIT
Survey Suggests Affordable Prices and Mortgage Rates Could Help Propel Housing Market Past Tax Expiration
The majority of people looking for, or considering buying, a home had no plans to take advantage of the first-time or move-up/repeat home buyer tax credits, according to a survey recently released from Better Homes and Gardens Real Estate. The survey, conducted earlier this year, was designed to identify factors affecting today’s home-buying decisions. It drew responses from…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 5/11/10

Posted on May 11th, 2010 in Deedstreet News | No Comments »

COLUMBUS, OH
Columbus Ohio 43235 is #14
Columbus Ohio 43235 is #14 of ’365 Places to live in Columbus’ a Facebook page and a page on ColumbusBestBlog.com Columbus Ohio 43235 is a northwest Columbus mail route. We are skipping #13… we’ll go to 366 to get 365 ‘Places to Live in Columbus.’ “Columbus Ohio 43235 ” I swear there is a post showing demographics for Columbus Ohio 43235 somewhere here on…Rest of Story…

EAST BAY, CA
Strategic Defaults Hit the Mainstream Conversation
Last night 60 Minutes aired a report on Strategic Defaults and it definitely stirred up the conversation regarding the topic. Since home values are off 40-50% from their peak in parts of the East Bay, this is something that we’ve seen bubbling under the surface in the past few months and now it seems as if it’s about to hit the mainstream conversation. In case you’re not familiar with the term…Rest of Story…

EAST VALLEY, AZ
Thanks to Bill Risser of Chicago Title for the customer service
When Kristin and I started talking about forming the East Valley Team we tried to decide on certain vendors such as home inspectors, lenders to recommend to get deals closed on time, real estate lawyers and title professionals. When it came to Title and who to use for escrow it was easy, Bill Risser of Chicago Title is as good as they come in the East Valley. Bill is a big sports fanatic…Rest of Story…

LAKE GENEVA, WI
WHAT’S AHEAD FOR MORTGAGE RATES THIS WEEK : MAY 10, 2010
Mortgage markets improved to their best levels of 2010 last week, aided by events half a world away and ongoing safe haven buying. Greece’s debt problems continue to help mortgage rate shoppers in Lake Geneva mortgage and around the country. Conventional mortgage rates dropped last week, ARMs falling more than fixed. FHA mortgage rates also improved. Global concern for the…Rest of Story…

SEATTLE, WA
Seattle Real Estate Blog: More Bad News on the Foreclosure Front
I’m scouring the web for some positive news but with the reports coming out showing that both Freddie Mac and Fannie Mae together posting total losses in the first quarter of 2010 totaling 18.2 Billion Dollars…yep, that is $18,200,000,000.00 real dollars, I’m sorta at a loss for words! Equally alarming is the total number of Fannie Mae’s loans currently delinquent adding up to…Rest of Story…

US – MLS
MLS 5.0…Local, Regional, State or National MLS
Real estate is local, but technology today will allow for great economies of scale, lower prices for a better MLS tool, user-defined experience and more. In the past, each MLS or locale had its own idiosyncrasies, definitions and terms, all “essential” to that particular local MLS. Today, with so much information available beyond the MLS, do all of those different fields remain necessary…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 5/10/10

Posted on May 10th, 2010 in Deedstreet News | No Comments »

COLUMBUS, OH
Columbus home sales up 26% April 2010
Home sales were up 26% in the month of April 2010, from April 2009. The graph shows homes for sale and homes sold for the past 15 months, through April 2010. This is for all counties served by the Columbus Board of REALTORS® MLS. This is just single family homes… does not include condominiums or mult family homes. The official results from the Colmbus Board of…Rest of Story…

LAKE GENEVA, WI
LAKE GENEVA MORTGAGE RATES IMPROVE AS MARKETS IGNORE THE APRIL JOBS REPORT.
On the first Friday of every month, the U.S. government releases its Non-Farm Payrolls report.
More commonly called “the jobs report,” Non-Farm Payrolls is a major market mover. The number of working Americans is directly tied to the health of the economy which, in turn, drives the stock and bond markets. In general, when jobs numbers improve, it’s good for stocks and…Rest of Story…

PHOENIX, AZ
Can you afford to live in your house?
For years, renters and homebuyers were told they couldn’t afford a home if it cost more than 30 percent of their income. Now, an influential research center has come up with another yardstick that it says more accurately measures whether your choice of housing is beyond your means: The combined cost of housing and transportation shouldn’t exceed 45 percent of your income…Rest of Story…

SAN ANTONIO, TX
Finding your way back from the “dark” corners of Real Estate
Sheila has a way with words. Speak to her one-on-one and you’ll see what I mean. Some people are able to convey their inspirational messages with blogs, some with words – Sheila manages to do both well, but in addition, she often manages to do it without using either. A simple question, a certain look in the middle of a conversation, and her actions on a daily basis with her clients and…Rest of Story…

SEATTLE, WA
Seattle Real Estate Blog: National Foreclosure Numbers.
Now, I’m the first one to tell you the reports, numbers and statistics that are being fed to us are as open to interpretation as just about anything. But, when I read that as of the end of February of this year, reports have the Nations lenders and servicers holding some 480,000 repossessed homes in their inventory with analysts saying that number should go up through early 2012 to…Rest of Story…

TEMPE, AZ
Hayden Square Rockin’ The Rail Life
The Hayden Square Condominiums in Tempe are located just West of the Mill Avenue light rail station. Built in the mid to late 80’s there are 118 condos perched on top of a parking garage in the heart of the Mill Avenue District. Of these 118 units, 80 are single level and 38 are 2 story. While some of the views can be nice, this popular condominium complex appears to thrive because of…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 5/7/10

Posted on May 7th, 2010 in Deedstreet News | No Comments »

CALIFORNIA
The sub-prime pig is through the python
Year over year price changes for single family homes in the state of California as of May 1, 2010. The sub-prime pig is through the python. (illustrated here by the bottom quartile, the lowest priced 25% of the homes in California) If the recent price weakness at the high-end accelerates look for our python to gorge itself on million dollar mortgages. Say it with me now, “current…Rest of Story…

EAST VALLEY, AZ
The more things change, the more they remain the same… Lenders Matter!
Looking for a home in the East Vally, make sure you have a good lender. A lot has changed recently, we have formed a new team, there is a new website at http://EastValleyTeam.com and I have a new haircut. One thing that has not changed is the importance of lenders in a purchase in todays market. The difference between a good lender that can get a loan closed quickly and a lender…Rest of Story…

LAKE GENEVA, WI
1 IN 8 BANKS TIGHTENED PRIME MORTGAGE STANDARDS LAST QUARTER
The Federal Reserve says that financial markets “remain supportive of economic growth.” Residential Lake Geneva mortgage guidelines, however, continue to tighten. If you’ve applied for a Lake Geneva real estate home loan recently, you probably felt it; extra scrutiny on income, assets and credit scores, among other things. The hard proof of the changes, however, can be found in the…Rest of Story…

SAN ANTONIO, TX
A personal post from me to you.
Last week, April 30th, was the renewal date for my state-issued real estate license. I thought long and hard about it and having some current personal issues that I am trying to juggle along with real estate, I decided not to renew it. Your first thoughts are probably, wow, he gave up, but you’d be wrong with that thought. After much thought, I just knew I had to take action on some personal issues…Rest of Story…

SEATTLE, WA
Seattle Real Estate Blog: It’s Humbling to Know How Little I Know
At 45 years old, I’m more eager now than ever before to explore new challenges and venture on to fresh grounds of business opportunities. With that comes the inevitable learning curve. Not one to shy away from learning a new skill set, I battle on and squelch any voices (particularly those coming from my own head) that tasks my desire to know what I don’t know! For so many us out…Rest of Story…

SPOKANE, WA
Is your property covered against wind damage?
As the Inland Northwest cleans up from Monday’s windstorm the biggest question for people who had stuff damaged is whether or not their insurance covers the damage done to their property. The big question: What will my insurance cover? If a tree falls on my house, my car is it covered? What if it’s not my tree, what if my tree falls on someone else house or car or yard? Who pays…Rest of Story…

US – CONSUMERS
HOME TRENDS 2010: CONSUMERS’ MOST SOUGHT-AFTER FEATURES
Spring is a season for fresh starts. A time to take a deep breath and ponder new possibilities. For many consumers, spring has also traditionally been a time to move forward on plans to purchase a first home, or upgrade to a larger space. Even as people around the country eagerly anticipate warmer and sunnier days, it’s clear that this spring’s real estate market will continue to be…Rest of Story…

WESTERVILLE, OH
From last summer on ColumbusBestBlog.com :
Westerville Ohio is the BEST Place to Live in all of Ohio. The Columbus suburb made the list of 100 BEST Places to Live on CNNMoney.com, a list of US cities. Westerville at number 15 is the top city in Ohio in the list… None of the other Ohio cities that made the 100 BEST Places to Live list are in Central Ohio…Congratulations to Westerville! I see Delaware and Columbus in the list of…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 5/6/10

Posted on May 6th, 2010 in Deedstreet News | No Comments »

COLUMBUS, OH
Olde Sawmill – 365 Places to Live in Columbus
Olde Sawmill is a northwest Columbus neighborhood. Olde Sawmill is in the City of Columbus Corporation Limit. The Olde Sawmill neighborhood is in the 43016 ZIP code. 43016 is, Dublin Ohio 43016. Part of the Olde Sawmill neighborhood is in the Dublin School District and some is in the Worthington School District. The school districts existed before the land was developed…Rest of Story…

EAST VALLEY, AZ
Why do I get listings that show as active that are really not when I search online?
Why is home showing as active when it has an offer? Today Kristin LaVanway and Dean Ouellette talk about why when you are searching East Valley homes for sale on another site like Zillow or Realtor.com you may get a listing that says it is active when it already has an offer on it. This is a problem with the way 3rd party websites work with the MLS system. Often times those…Rest of Story…

LAKE GENEVA, WI
MARCH PENDING LAKE GENEVA REAL ESTATE HOME SALES POINT TO STRONGER SPRING MARKET
The Pending Home Sales Index moved higher in March as home sales were spurred by low mortgage rates and an expiring tax credit. Lake Geneva real estate saw a nice increase as well. There were 58 homes sold in Walworth County, Wisconsin in February 2010 compared to 71 in March 2010. That’s a 22% increase. A “pending home” is a property that is under contract to sell, but not yet…Rest of Story…

SAN FRANCISCO, CA
Glen’s East Bay Housing Numbers (through April 2010)
April is done, the Federal Home Buying Tax Credit has finally expired and the latest edition of Glen’s East Bay Housing Numbers are in. While there are no drastic changes to report, housing inventories in the East Bay have continued to climb and are up 54% since the beginning of the year. Even with that rise, we’re sitting at 2.6 months supply of homes for sale in the Contra Costa…Rest of Story…

SEATTLE, WA
Seattle Real Estate Blog: AllPoints Marketing Explains the Little ‘C’s of Commerce…and they Build a Mean Landing Page Too!
The Who, What and Why of Customizing your facebook business page. The whole point of Social Media Marketing is the big ‘C’, COMMERCE! But, it’s the little “C”s that drive the Engine:
Community-Who is in your Referral Networks & Affinity Marketing Sphere.
Communication-What is the point of your message? Advertising, Awareness…Rest of Story…

US – CONFIDENCE INDEX
Real Estate Confidence Index Rises in April, Tech Survey Says
Point2 Technologies recently released the results from its Real Estate Confidence Index (RECI) survey for the month of April that indicate improved market conditions and forward looking sentiment amongst real estate brokers and agents around the United States, with uncertainty over the longer term weighing in on the Index. The RECI, a real estate market leading indicator that…Rest of Story…

US – MARKET CONDITIONS
Market Conditions & Default Rates
Let me say it again – local market conditions matter when it comes to mortgage default rates. (Check out Homeowner Hank and how LTVs might not matter as much as you think for more on market trends and homeowner psychology.) This week on HousingWire, Paul Jackson – “Down the Rabbit Hole: Unraveling the Latest Delinquency Statistics” – writes about rising default rates…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 5/5/10

Posted on May 5th, 2010 in Deedstreet News | No Comments »

ATLANTA, GA
NAVIGATING THE MAZE of PURCHASING A HOME IN ATLANTA^ – PART IV: The Buyer Brokerage Agreement
I am not a lawyer nor do I play one on TV but I will take a few minutes to discuss the Buyer’s Brokerage Agreement. First of all, the state law in Georgia prohibits a Broker from representing a buyer as a client without first entering into a wrtitten agreement with the buyer. The key word here is “client”. A Realtor can only work with a buyer in two ways – as a ‘client’ or as a ‘customer’…Rest of Story…

GILBERT, AZ
Free barbecue May 5 at Joe’s Real BBQ in Gilbert
On May 5, Joe’s Real BBQ celebrates 12 years in business and sends out a great big “thank you” to its patrons by holding its 11th annual Free BBQ Day. What that means to you is, indeed, a free lunch or dinner, if you’re willing to stand in line with thousands of other ‘cue heads and freebie lovers. The meal includes either a pulled pork or chicken breast sandwich with two sides…Rest of Story…

SEATTLE, WA
Seattle Real Estate Blogs: Consumer Confidence on the Rise-Are Interest Rates Soon to Follow?
Consumer Confidence rose sharply in April, to its highest reading since September 2008. This number is important because the more confident that consumers feel…the more likely it is that they will help fuel the economy. Also, the Commerce Department’s Gross Domestic Product Report indicated that the economy grew for the third straight quarter, despite the report coming in slightly…Rest of Story…

US- TOP PLACES TO LIVE
America’s Top Places to Live for 2010
The three most important things to remember when moving and buying a new home are: location, location, location. As potential home buyers start looking for new homes, RelocateAmerica.com, a leading website in providing relocating consumers access to resources for their upcoming relocation, has released its 13th annual list of “America’s Top Places to Live for 2010…Rest of Story…

US – HOME SALES
Pending home sales rise 5.3%
Even though homebuyers had to sign a contract for a new home by last Friday to qualify for the $8,000 tax credit, the results of the incentive will be trickling in for months to come as we wait for deals to close and price indexes to come through. But if you just can’t wait, you can at least catch a glimpse of likely future home sales through the National Association of Realtors…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 5/4/10

Posted on May 4th, 2010 in Deedstreet News | 1 Comment »

BOYNTON BEACH, FL
Couple sue over neighborhood’s decline
Like many Americans who bought a new home during the boom years, Jonathon and Brandy Miller got a lot less than they’d bargained for when, in 2006, they finally moved into the Firenze development in Boynton Beach, Fla. Instead of the “warm,” family-friendly townhome community they said sales agents promised them when they bought preconstruction in 2004, flippers turned…Rest of Story…

EAST VALLEY, AZ
Is it still a good time to buy a house in the East Valley now that the tax credit has expired?
The first time home buyer tax credit is over, but that does not mean it is no longer a good time to buy a house. The thing is not much has changed, if it was not a good time for you to buy a house last week it is still not, and if it was a good time to buy a house last week, it still is. Sure the tax credit was nice, but it was not a reason to buy a home in the East Valley in itself. There are tools…Rest of Story…

PHOENIX, AZ
Pay us, and get placed on our “Preferred Partners” list!
“Pay us, and get placed on our “Preferred Partners” list!” No, not us. We don’t play that way. There appears however to be some real estate brokerages out there that are doing exactly this — taking money to put someone on their “preferred partner” list. What the heck is a “preferred partner” list? In the real estate world, buying or selling a home is often a collaborative effort between…Rest of Story…

TEMPE, AZ
ASU to merge departments, cut 98 positions
Arizona State University plans to merge some departments and cut nearly 100 positions to address $5.4 million in budget cuts for the next school year. ASU may need to cut an additional $47.8 million if a three-year, 1-cent increase in the state sales tax fails on the May 18 ballot. During a meeting of the Arizona Board of Regents last weekend, the state’s three public universities…Rest of Story…

WORTHINGTON, OH
Worthington Schools
This is another photo from my favorite “Worthington boy” from the 1930s. Don O’Brien grew up north of Worthington on E. Wilson Bridge Rd. in the 1930s and 1940s. Here is a photo of his 7th grade class in front of his classroom (a portable classroom.) Wonder if 7th grade was middle school or junior high? The location for the classroom of 1937… the Corner of Dublin Granville…Rest of Story…

DeedStreet RE NewsRoll 5/3/10

Posted on May 3rd, 2010 in Deedstreet News | No Comments »

ARLINGTON, VA
The Tax Credit is Expired – Now What?
As you all know, the tax credit deadline expired at 11:59 pm on Friday, April 30th. If you didn’t find a property to buy and get under contract, you no longer qualify for the free $8k or $6,500 move-up credit. So how do you think April numbers are going to shape up now that the final push is over? Take a look at the number of properties that went under contract…Rest of Story…

CHANDLER, AZ
Parents pitch in on ideas to boost Chandler schools budget
The bloodied and bruised state budget is translating into a bleak financial picture for Chandler’s public schools. That’s why about 40 parents and other members of the community met Tuesday night to brainstorm ways to save money and generate more revenue for the still-growing school district. Ideas ranged from selling ads on school buses or the Chandler Unified School District’s…Rest of Story…

LAKE GENEVA, WI
WHAT’S AHEAD FOR LAKE GENEVA REAL ESTATE MORTGAGE RATES THIS WEEK: MAY 3, 2010
Lake Geneva real estate mortgage markets improved last week on tame inflation data, a benign statement from the Federal Reserve, and ongoing credit problems in Greece. The factors combined to drop conforming Lake Geneva mortgage rates to their lowest levels in 6 weeks. It’s an unexpected development considering that mortgage rates were supposed to rise post…Rest of Story…

SAN ANTONIO, TX
Need some motivation? Ask yourself “Why?”
The other day, I needed a bit of help from my broker and sought out her advice. Not only did I get some great ideas from her on business in general, but I walked away with some solid questions that I needed answers to in order to continue my growth as a real estate agent. The most valuable part of our conversation led me to a new post at AgentGenius, “Why? Finding real estate…Rest of Story…

SEATTLE, WA
Seattle Real Estate Blog: Now That the Tax Credit is Over, Time to Get Back to Business
With the incentives and the stimuli of everything from Tax Credits to buy a Home to the Government purchasing Mortgage Backed Securities to keep Interest Rates low over and done with, now is the time for Real Estate Professionals to see what we’re really made of. Speaking with agents around the Seattle and Puget Sound Region, there is a sense of both excitement and trepidation for…Rest of Story…

US – LTV
Maybe LTVs Don’t Matter As Much as You Think
At this week’s “Real Estate Investors Summit” hosted by Opal Financial Group, I was asked about the likelihood of mass strategic defaults for underwater homeowners (”negative equity” in mortgage-speak). The timing of the question was particularly interesting, as I’m halfway through Dan Ariely’s “Predictably Irrational” – a good read on the irrationalities of everyday life that includes…Rest of Story…

US – TAX CREDIT
Homebuyer Tax Credit Ends, But Other Incentives Emerge
Call it the do-it-yourself stimulus. With tonight’s expiration of the government’s homebuyer tax credit, real estate firms, developers and home owners are already taking matters into their own hands—offering incentives or refunds to buyers after the credit expires. Scott Lammie, the owner of this three-bedroom home in Gibsonia, Pa., signed on with Coldwell Banker to offer a…Rest of Story…

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