Archive for September, 2010

DeedStreet RE NewsRoll 9/30/10

Posted on September 30th, 2010 in Deedstreet News | No Comments »

SEATTLE, WA
My Seattle Blogs: How Do You Get Your Real Estate Information?
In most of my Social Media Classes, the common question or concern that comes across is “how do you know what to blog?” The answer is really quite simple…you must know first, how do you get your information and most importantly, how do you plan on delivering your real estate information to your customers. BLOGGING FORCES YOU TO BECOME SMARTER. I’ve come to realize, if you want to get a message…any message out…Rest of Story…

US – FANNIE MAE
New changes in Homepath program from Fannie Mae
Shane Hollenback and I discuss the Fannie Mae Homepath program and some recent changes that could benefit buyers and real estate agents. The Homepath program by Fannie Mae has many features that could help home buyers. The program is a great alternative for second home owners and investors to get into a property for less money down than a conventional loan. Recent changes in the program now allow primary home…Rest of Story…

US – REAL ESTATE PROFESSIONALS
Real Estate Professionals Are You Guilty
I do not want to pick on real estate professionals in this article, as this could easily be any service type business that deals with clients, but I’m here to tell you it’s personally happened to me in 4 different transactions (with realtors) in my lifetime so far. Does this sound familiar? Several years ago they did a study. They interviewed 100 people who had just done a Real Estate transaction, either buying or selling a house. They asked them…Rest of Story…

US – REBLOGWORLD
reBlogWorld discussion with Jason Berman
Jason Berman and Dean Ouellette discuss reBlogWorld and blogging for real estate agents. Jason Berman is the head planner for Real Estate Blog World. reBlogWorld is an offshoot of BlogWorld which is head in Las Vegas each fall. This year reBlogWorld will be October 15th, 2010. Scheduled speakers include Brian Solis, Kelley Koehler, Ted Mackel, Stacey Harmon, Dale Chumbley, and more. reBlogWorld is a great place for real estate bloggers…Rest of Story…

WORTHINGTON, OH
Worthington homes for sale
Worthington homes for sale brought to you by Maureen McCabe of Real Living HER, Worthington. Worthington, a Columbus suburb is in northern Franklin County. The city of Worthington is inside 270. The Worthington City School District is larger and goes up to the Franklin county line. The map is for single family homes for sale in Worthington. Or what Google Base and Rainbird know as Worthington homes for sale, anyway. The search…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 9/29/10

Posted on September 29th, 2010 in Deedstreet News | No Comments »

LAKE GENEVA, WI
NEW LAKE GENEVA REAL ESTATE HOME SALES UNCHANGED IN AUGUST; MARKET STABILIZING
Existing Home Sales rebounded last month after a lackluster July. New Lake Geneva Real Estate Home Sales data, by contrast, did not. After an upward revision to July’s data, New Home Sales remained unchanged at 288,000 units in August. It marks the second-lowest number of units sold in a month since 1963, the year government started its record-keeping. At the current pace of sales, the newly-built home inventory…Rest of Story…

PHOENIX, AZ
Phoenix elementary district gets $350,000 in rebates from APS
The Phoenix Elementary School District is receiving $350,000 in rebates through Arizona Public Service Co. for becoming more energy efficient. The district will receive the money Thursday in the form of rebates on equipment it has purchased. That includes energy management systems at 15 of its campuses and variable frequency drives on its HVAC system…Rest of Story…

SEATTLE, WA
My Seattle Blogs: How Do You Get Your Real Estate Information?
In most of my Social Media Classes, the common question or concern that comes across is “how do you know what to blog?” The answer is really quite simple…you must know first, how do you get your information and most importantly, how do you plan on delivering your real estate information to your customers. BLOGGING FORCES YOU TO BECOME SMARTER. I’ve come to realize, if you want to get a message…any…Rest of Story…

US – CAMP SITES
Extreme real estate: Buy a camp
In the late 1800s, partly as a result of writings by American Romanticists like James Fenimore Cooper, Henry David Thoreau and Ralph Waldo Emerson, the scenic and rugged Adirondack region of upstate New York became a rustic but popular tourist destination for nature lovers, hunters and outdoor enthusiasts. (Bing: Tourist hot spots in the Adirondacks) In addition to the hundreds of hotels that popped up, remote…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 9/28/10

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

COLUMBUS, OH
Should The Seller Attend The Home Inspection?
This is a Re-Blog of a post from home inspector Reuben Saltzman in Minnesota. In Central Ohio the seller is usually not present for the home inspection. As a seller I think it would be nerve racking and I would get defensive. I have seen a few Central Ohio home sellers stay for the home inspection. “This is the buyer’s opportunity to have an unbiased and professional review of their home.”; was a comment Ginny…Rest of Story…

EAST VALLEY, AZ
In honor of stupid question day
East Valley Team member Dean Ouellette asks some questions in honor of a national day. September 28th is national ask a stupid question day, so in honor of that…Why do some lenders think a contract closing date is a “suggested date?” Why does a buyer think a short sale is actually a short process, and why do they put in an offer on the house if they are not willing to wait for it? Why can’t a government agency hire someone…Rest of Story…

SAN ANTONIO, TX
TerraMont Lot For Sale – 19311 Terra Brook – San Antonio 78255
$175,000 – Lots and Land – Main Features – Lot: 0.68 acre(s) – Location – 19311 Terra Brook – San Antonio, TX 78255 – USA To get updates on open home dates and other property events, please click the “Like” button below..See Details…

SEATTLE, WA
My Seattle Blogs: How Much Time Should I Spend on Blogging and Social Media?
As an instructor delivering several classes on the subject, I hear this question all the time. Set aside the fact that many agents and Brokers that attend my classes and clinics are just getting started in this medium, I tell them, “As much time as it takes.” That doesn’t mean sitting in front of your computer all day. However, since Social Media is as much a tool today as mailers, newsletters and print advertising for creating…Rest of Story…

US – HOME PRICES
Home price rise slows in July
Even after the $8,000 homebuyer tax credit had largely come to a close, home prices still managed to squeeze out an increase in July. But the increase was smaller than in June, signaling that the upswing soon may be coming to an end. Compared with July 2009, home prices were up 4.1% in the 10-city composite and up 3.2% in the 20-city composite from Standard & Poor/Case-Shiller home prices indexes. However…Rest of Story…

US – HOUSING MARKET
Housing Market Insight – Week of September 27th
Highlights from last week’s housing market include; home price reports from the Federal Housing Finance Agency and Radar Logic, an update on interest rates and mortgage applications, and an important report from the National Association of Realtors on existing home sales and inventories. Double-Dip in Home Prices Becomes Reality. This week the Federal Housing Finance Agency’s House Price Index, a precursor…Rest of Story…

US – LOAN MODIFICATION
Loan Modifications Are A Scam!
Another video from Hard Answers From Hardin. Today we discuss loan modifications as the scam that they are. Yes, that is right. I said Scam…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 9/27/10

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

COLUMBUS, OH
Real Living HER Open House List – September 26, 2010
The Real Living HER Open House list for Sunday September 26, 2010 says “There are 156 Open Houses available” This Sunday’s open house feels a little different. Last Sunday, September 19, 2010: “The Real Living HER Open House List on September 19, 2010 says there are 206 Open Houses available today.” The Sunday before, Sunday September 12, 2010 the Real Living HER Open House list said: Wow. Although…Rest of Story…

LAKE GENEVA, WI
WHAT’S AHEAD FOR LAKE GENEVA MORTGAGE RATES THIS WEEK: SEPTEMBER 27, 2010
Lake Geneva mortgage markets improved last week as markets digested a bevy of data from the housing sector, plus the scheduled Federal Open Market Committee meeting. In back-and-forth trading, conforming Lake Geneva mortgage rates bottomed out Wednesday before rising through Friday’s afternoon close. Rates still managed to eke out improvement on the week overall. According to Freddie Mac, Lake Geneva…Rest of Story…

SEATTLE, WA
My Seattle Blogs: Generate Validity…Not Leads
Everyone reading this right now, raise your hand if you’re interested in becoming my next lead! Don’t be shy, go ahead and stand up and let me know if you want to be another cog in my real estate lead generation machine! No, why not? I don’t understand? I was told that my main job is to lead generate and yet you don’t want to listen to me spew my scripts and dialogues taught to me by people like…ummm, well me…Rest of Story…

SAN ANTONIO, TX
North Star Mall
San Antonio, Texas, like every large city, has its share of shopping destinations, but North Star Mall is one of the city’s best places to part with your hard-earned money and the only place that has a giant pair of cowboy boots set out to welcome you. North Star, which is on NW Loop 410 between the San Pedro and McCullough exits, turns 50 this year, 2010, and it has aged well…Rest of Story…

TEXAS
Coincidence?
Yesterday on HousingWire: Texas mortgages in 90-day delinquency or in foreclosure declined among both prime and subprime borrowers in 2Q as the market climbs out of a recovery, according to the Federal Reserve Bank of Dallas. Market improves in Q2. Delinquencies fall. Coincidence…See Chart…

US- HOUSING STARTS
Housing Starts Jump 10.5 Percent in August 2010
New housing starts surged 10.5% in August 2010 to the highest level since spring, but the activity was driven by a sharp spike in apartment construction, government data showed. Housing starts rose in August to an annualized rate of 598,000, compared with a revised 0.4% increase in July, the Commerce Department reported. Economists surveyed by MarketWatch had expected housing starts to drop to 535,000 on a seasonally…Rest of Story…

US – INSURANCE
Why Your Insurance Company Has to Pay for Your Illegal Acts
No matter what type of insurance you buy, your policy will exclude coverage for intentional and fraudulent acts. For example, if you set your car on fire, don’t expect your car insurance company to pay for it. However, there are cases where insurers will have to pay for damage resulting from your illegal acts – as long as your crime was “accidental…Rest of Story…

US – REVERSE MORTGAGES
New reverse mortgage offers cheaper upfront costs
Closing costs are a burden that add to the costs not just for homebuyers, but also for seniors who are looking to cash in on their home’s equity with a reverse mortgage. (Bing: What are closing costs?) Currently, homeowners 62 and older need at least 2% of their home’s equity upfront to qualify for a reverse mortgage insured by the Federal Housing Administration, but starting Oct. 4 the FHA will offer a new option…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 9/23/10

Posted on September 23rd, 2010 in Deedstreet News | No Comments »

COLUMBUS, OH
Columbus home sales are UP!* from last month
Columbus home sales are UP! The official breaking news from the Columbus Board of REALTORS® came out today… August homes sales were up 8.2%!!!!* August 2010 home sale prices were up .6% from August 2009. Columbus (really this is Central Ohio… the CBR covers a bunch of counties) home sales are up from July 2010! The Columbus Board of Realtors site, “the voice of real estate in Central Ohio” says…Rest of Story…

SAN ANTONIO, TX
Izea BlogWorld 2010 Contest Entry – Send Matt to BlogWorld
I’ll let my intro video do most of the talking, but consider this my entry into the Izea BlogWorld 2010 Contest. I came into the contest a bit late, but I think I have some compelling reasons why you should select me as the first prize winner. My original plea went out via my blog, Twitter, ActiveRain, and Facebook as I worked to get others involved. Enough of my yammering, here I am to explain further…Rest of Story…

SEATTLE, WA
My Seattle Blogs: For Real Estate Pros, Social Media is Not a Revolution…It Is a Re-Evolution!
I’m always so happy to see all the real estate professionals that attend my Social Media classes and come away with a working understanding of something that was a complete mystery to them just 3 short hours earlier. Their participation and intention to use Blogging and Social Media to drive their business is inspiring…But there are still those who feel the frustration and incredulity that Social Media will not help their business…Rest of Story…

US – HOME SALES
Existing home sales rise from record low
Existing home sales in August showed signs they’re beginning to recover from the huge drop-off in July, when the effects of the homebuyer tax credit largely came to an end. But since July was the slowest month on record with the National Association of Realtors, the 7.6% monthly increase in August home sales still was 19% below the pace in August 2009, the Realtors group said. “The housing market is trying to recover on…Rest of Story…

US – SUCCESS
WHAT WILL THEY SAY WHEN YOU ARE DEAD?
Last week, Gail and I attended the Building Champions Experience in Sunriver, Oregon. One component of the conference was focused on creating a life plan. I first did this about eight years ago, but it was Gail’s first time through. We began by visualizing our own funeral. I realize that this may sound morbid, but it is incredibly helpful. In the Seven Habits of Highly Effective People, author Stephen Covey exhorts us to “begin…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 9/22/10

Posted on September 22nd, 2010 in Deedstreet News | No Comments »

COLUMBUS, OH
There’s No Such Thing As Mold In An Attic
Another adventure in home inspection from Jay Markanich in Virginia. I love the way Jay tells a story, so I could not help wanting to share this with Central Ohio home owners. Thanks to Jay for allowing his adventure to be Re-Blogged. I have heard tell of mold in Central Ohio attics. Via Jay Markanich (Jay Markanich Real Estate Inspections, LLC)…Rest of Story…

LAKE GENEVA, WI
A SIMPLE EXPLANATION OF THE FEDERAL RESERVE STATEMENT (SEPTEMBER 21, 2010 EDITION)
Today, in its 7th meeting of the year, the Federal Open Market Committee voted 9-to-1 to leave the Fed Funds Rate unchanged. The Fed Funds Rate remains at a historical low, within a Fed’s target range of 0.000-0.250 percent. In its press release, the FOMC said that the pace of economic recovery “has slowed” in recent months. Household spending is increasing but remains restrained by high levels of unemployment…Rest of Story…

SEATTLE, WA
My Seattle Blogs: Are You Using a Shovel or a Ladder to Get Out of Your Hole?
I love this quote I heard recently “He who refuses to embrace a unique opportunity loses the prize as surely as if he had failed.” Makes you think of those who may be still trying the same old things to get business and only getting deeper and deeper in a hole. This real estate market is both fraught with those who will not or cannot adapt to the enormity of the change in the market and those are embracing the new…Rest of Story…

US – HOUSING MARKET
Housing Market Insight – Week of September 20th
The tide is turning with interest rates, which is directly affecting new loan and refinance business. A new report on foreclosures discusses just how bad the problem really is, and a survey about Americans’ confidence in the housing market might just surprise you – Foreclosures Jump 25% – RealtyTrac reported that foreclosures rose 25% in August over August 2009. The number is up 3% since July and the August numbers represent…Rest of Story…

US – LOAN MODIFICATIONS
Loan Modifications Are A Scam!
Another video from Hard Answers From Hardin. Today we discuss loan modifications as the scam that they are. Yes, that is right. I said Scam…Watch the Video…

WASHINGTON DC
DC Condo Prices Up in August 2010; The Rest of the DC Real Estate Market Hovers Nearby
DC Condos saw a 3.6% increase in median sales price in August over 2009. Single family homes dropped only 0.74% last month. Average sale price for condos remains higher than the past 5 years, while single family saw just a $2,000 drop from last year, hovering right around the same numbers as 2009. Inventory for the month of August was up 7.1% for condos and down 1.1% for single family homes…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 9/21/10

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

EAST VALLEY, AZ
Coffee Talk: East Valley real estate needs less Mr Potter and more George Baily
East Valley Team memberKristin LaVanway talks about the East Valley housing market coming back to normal.
In the East Valley, banks are calling all the shots right now – they control the majority of the inventory, and in fact, the actual supply of homes that hit the market is largely dependent on the big banks. They control the lending side, they control it all! Reminds me a lot of Mr. Potter in It’s a Wonderful Life and we…Rest of Story…

LAKE GENEVA, WI
THE FEDERAL RESERVE MEETS TODAY. SHOULD YOU LOCK YOUR LAKE GENEVA MORTGAGE RATE BEFORE IT ADJOURNS?
The Federal Open Market Committee adjourns from its 6th scheduled meeting of the year today, and 7th overall. Upon adjournment, Federal Reserve Chairman Ben Bernanke will release a formal statement to the market. In it, the Fed is expected to announce “no change” to the Fed Funds Rate. Currently, the Fed Funds Rate is within a target range of 0.000-0.250 percent. It’s been at this same level since December 2008…Rest of Story…

SAN ANTONIO, TX
TEXAS IS A FRIENDLY STATE.
For those of you who’ve never lived in Texas, Texans are a pretty helpful and friendly bunch. We’ve got strong opinions about a lot of things, but it still amazes me how many people say “hello” or stop to give you a hand (I grew up on the East Coast, where this Southern-hospitality type of stuff isn’t as common, so pardon me for my amazement at people being good neighbors). I’ve had women follow my wife and I to our car…Rest of Story…

SEATTLE, WA
My Seattle Blogs: Real Estate Leads Are An Opportunity…For Some.
Interesting to me how some agents and Brokers will happily and thankfully pay 30-35% (I had one agent offer me 50% if I would send him a lead I generated recently) for a warm, qualified lead while others feel they should be allowed to pick and choose or even negotiate the amount they will pay for the luxury of having a buyer or seller hand delivered…Rest of Story…

US – HOME PRICES
Home prices may have further to fall
For the nation’s beleaguered real estate market, the worst may be yet to come. While it’s likely that the steepest price declines have already taken place, home prices may continue to be soft for the next few months, or even years. Real estate research firm Altos Research reported this week that prices in the 10 largest housing market slumped 1.06 percent between July and August – and with consumer demand…Rest of Story…

US – INVESTING
5 Reasons Why Now is a Good Time to Invest in the Housing Market
Foreclosures spiked in August 2010, with banks seizing 95,364 homes, according to RealtyTrac, a housing research firm. They were up 25% from August 2009 and at their highest level since the company started tracking this data in 2005.This is frightening news for homeowners, home sellers, and home builders who may feel like they are barely hanging on, because it signifies continuing weakness in the housing market…Rest of Story…

US – THE FOREVER RECESSION
The forever recession
One is gradually ending. This is the cyclical recession, we have them all the time, they come and they go. Not fun, but not permanent. The other one, I fear, is here forever. This is the recession of the industrial age, the receding wave of bounty that workers and businesses got as a result of rising productivity but imperfect market communication. In short: if you’re local, we need to buy from you. If you work in town…Rest of Story…

WORTHINGTON, OH
Showing Restrictions
Tom Branch a Broker Associate wrote this about his market in Texas. Tom wrote “Try not to reduce the showing window to less than 2 hours.” I always schedule in one hour increments when I am showing homes in Central Ohio. I believe one hour increments are the most common in Central Ohio but with a showing service scheduling the appointments maybe others are scheduling longer appointments. Other than 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 9/20/10

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

COLUMBUS, OH
Columbus Ohio 43214 home sales
Single family home sales in the Columbus Ohio 43214 ZIP code were down 34.1% from a year ago homes for sale are up 135.4% from August 2009 – Columbus Ohio 43214 home sales a market report for August 2010
200 homes on the market – 27 homes sold in August 2010 – 7.4 months of inventory based on current sales…See the Chart…

EAST VALLEY, AZ
Coffee Talk: Government programs keep failing, time to ignore them?
East Valley Team member Dean Ouellette talks about the complete failure that is government housing programs. The definition of stupidity is doing the same thing over and over again expecting different results. So why is it everytime we hear about a new government program to fix the housing market we get excited? TARP, HAMP, HAFA, they were all failures. Now the news is getting consumers excited…Rest of Story…

LAKE GENEVA, WI
WHAT’S AHEAD FOR LAKE GENEVA MORTGAGE RATES THIS WEEK: SEPTEMBER 20, 2010
Lake Geneva mortgage markets were highly volatile, yet relatively unchanged last week in back-and-forth trading on Wall Street. Global investors are grappling with the state of U.S. economy and unable to discern whether it’s growing, or slowing. As an real-world illustration, the government’s August Retail Sales report showed strong growth nationwide. However, in looking at a subset of that same data that accounted…Rest of Story…

NORTH LIBERTY, IA
Market Update North Liberty IA September 20, 201
205 Active Listings – 25 Homes Under Contract
2 Homes Sold September 13 – September 18, 2010
245 Sadler Ln – Condo – Sold Price: $125,000 – 203 days on market
230 Colton Rd – Single Family Home (new construction) – Sold Price: $219,900 – 137 days on market…See the Chart…

SAN ANTONIO, TX
Help @RErockstar Get to BlogWorld (Simple Instructions)
I’ve never been accused of being at a loss for words when blogging and I know sometimes my more lengthy style of writing gets in the way of what I’m trying to do. So here’s some simple instructions of how you can help me make it to BlogWorld 2010. My goal is to collect over 100 short videos of people telling Izea why they should pick me, Matt Stigliano (aka @RErockstar to win first place in their contest…Rest of Story…

SEATTLE, WA
My Seattle Blogs: Getting Business vs. Doing Business…What’s The Cost?
Getting Business should be fun…it should be an adventure…it shouldn’t be something you dread! Make your daily routine of lead generating something you want to do. I speak to a good number of real estate professionals and the common thread amongst almost all of them is “They have no problem doing business…they just need to get business”. O.K., if that’s the case, why aren’t you doing what comes natural…Rest of Story…

US – FOURSQUARE
6 Reasons You Suck at Foursquare
Foursquare is a location based social networking website, software for mobile devices and game. Users “check-in” at different venues using smart phone applications. If users use the service enough they can earn different badges and hold mayorships to the venues that they check-in at often. Ooooh the excitement!! Don’t be surprised, Foursquare is the real deal in location based “check-in” services and can become very…Rest of Story…

US – REASONS TO BUY A HOME
10 Reasons to Buy a Home
Time magazine is being overly pessimistic in its recent cover piece that called into question the benefits of homeownership. In fact, now is a great time to buy. And, what’s more, tomorrow will be a great time to own, because the fundamental strength of homeownership hasn’t changed. Why is now a great time to buy? Here are 10 reasons: 1. You can get a good deal. Prices are down 30 percent on average. They’re at a level…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 9/17/10

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

CLEMENTE, CA
Homebuyers, investors battle over twice-sold townhouse
When Douglas Garhartt and Brandon Lively closed on a three-bedroom, ocean-view townhouse in San Clemente, Calif., for which they paid just $365,000 in a short sale, they probably thought they’d gotten a deal that was too good to be true. And that’s certainly how the situation has unfolded after the home they had just moved into was sold a second time to a group of investors at a foreclosure auction, according to The Orange…Rest of Story…

COLUMBUS, OH
Fall Maintenance for Homeowners
It’s Furnace Friday in Central Ohio… Fall Maintenance for Homeowners … Feel good about your home. Feel warm when the temperatures fall. I am Re-Blogging Reuben Saltzman’s fall maintenance post because of the Furnace being on the list. I am trying to post something about furnaces every Friday. Reuben’s original post is called “Fall Maintenance for Minnesota Homeowners” … those Minnesotans will get the freezing cold and first…Rest of Story…

CORALVILLE, IA
Open, Spacious Condo in ^Coralville
You can’t beat the price on this townhouse style condo – Cheaper than renting! Call me @ 319-400-0268 to set up a showing…Rest of Story…

LAKE GENEVA, WI
RENT A LAKE GENEVA HOME OR BUY A HOME: THE CASE FOR BOTH SIDES
Is it better to rent a Lake Geneva home, or to buy one? The answer may not be as clear-cut as you think. In this balanced, 3-minute joint interview from NBC’s The Today Show, you’ll hear the case for both sides. From the pro-renting part of the talk, there’s valid points about the economic impact of low credit scores and/or no cash for downpayment, and the ongoing, annual cost of home maintenance — estimated at 2% of a home…Rest of Story…

US – CHARTS
Can you guess the judicial state?
I know, this is a tough one…See the Chart…

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 9/16/10

Posted on September 16th, 2010 in Deedstreet News | No Comments »

EAST VALLEY, AZ
Coffee Talk: Bank of America needs to change this short sale policy
ast Valley Team member Dean Ouellette talks about a policy Bank of America has that needs to be changed. .
Bank of America has come a long ways in their short sale process and is now more often than not a great bank to work with. One problem they have though is rejecting short sale offers because a conventional finance buyer wants closing costs. While they may approve that same offer for an FHA buyer, they will reject those…Rest of Story…

SEATTLE, WA
My Seattle Blogs: Online is About Conversation…Offline is About Conversion!
You all have heard me repeat this mantra time and time again and when you cut through all the minutia of online must-do or must-have tools…it is simply the baseline for what Social Media Marketing is all about! Putting an exerted effort into marketing yourself using a Social Media Platform and getting yourself in front of the very people you are talking to on Facebook, Twitter and LinkedIn is literally…what this whole exercise is all about…Rest of Story…

US – BUY VS SELL
Buy versus rent in today’s market
Time magazine is “Rethinking Homeownership,” according to the cover of its Sept. 9 issue, which makes The Wall Street Journal’s Brett Arends take the opposite approach, instead giving readers “10 Reasons to Buy a Home.”
With home prices and mortgage interest rates near rock-bottom lows, it certainly is the right time to buy. But at the same time, foreclosures are on the rise and unemployment hovers at 9.6%, putting buying a home…Rest of Story…

US – SUBPRIME MORTGAGES
An Empirical Model of Subprime Mortgage Default
Check out this paper by Minjung Park at the University of Minnesota – “An Empirical Model of Subprime Mortgage Default from 2000 to 2007.” Park empirically identifies four drivers to subprime mortgage defaults, two of which directly involve housing prices and market conditions. I know – sounds simple right? Market gets bad, borrower defaults. Unfortunately, there are still too many mortgage servicers and lenders (read: almost all of…Rest of Story…

US – TARP
more than 120 banks miss tarp payments
Sure, a record number of homeowners have missed mortgage payments, but they aren’t alone. More than 120 banks (mostly small, regional ones) that received federal aid via Troubled Asset Relief Program (TARP) have missed scheduled quarterly dividend payments. That’s more than a sixth of the banks that received aid at the height of the mortgage crisis. Another five banks that received capital injections from TARP have outright failed…Rest of Story…

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