Archive for September, 2010

DeedStreet RE NewsRoll 9/15/10

Posted on September 15th, 2010 in Deedstreet News | No Comments »

IOWA CITY, IA
Ranch Home for Sale: 119 S Mount Vernon Dr, ^Iowa City
Unique ranch style home for sale, 119 S Mount Vernon Dr, Iowa City. Tons of space, 6 Bedrooms, 2 Bathrooms. Walk to City High, close to Hoover Elementary. 5 minutes to downtown…See Details…

LAKE GENEVA, WI
LAKE GENEVA HOME AFFORDABILITY GETS A BOOST FROM WEAK BACK-TO-SCHOOL RETAIL RECEIPTS
The recent rise in Lake Geneva mortgage rates was slowed this week after the government released its Retail Sales report for August. Prior to Tuesday, mortgage rates had been spiking across Wisconsin on the resurgent hope for U.S. economic recovery. The sentiment shift was rooted in reports including the Pending Home Sales Index and Initial Jobless Claims, both of which showed surprising strength last week…Rest of Story…

SEATTLE, WA
My Seattle Blogs: How The Cost of Running Your Real Estate Business Is Like Purchasing a Seasons Ski Pass.
During a simpler time (commonly referred to as the time before we had kids), my Wife and I lived in Sun Valley, Idaho. That’s right…I was a ski bum! And right around this time every year, we would all start thinking about the upcoming ski season. Now, as a ski bum/bartender, I wasn’t exactly rolling in the dough, so when time came to come up with the $1,300.00 it cost to buy my season ski pass, things got tight money wise. Oh, but…Rest of Story…

US – MAC
The bitch is back.
I’ve peed, made tea, and even have my pick ready. Let’s do this thing. Will add notes and links below as warranted…Watch Video…

US – TAX CREDIT
Nearly 1 million homebuyers must pay back tax credit
In the past two years, the homebuyer tax credit has helped persuade millions of families to take the plunge and buy a home. Too bad about half of those who claimed the credit in 2009 are going to have to pay it back. The Inspector General for Tax Administration (pdf) reports that of the 1.8 million taxpayers who claimed the tax credit in 2009, more than 950,000 of them will have to pay back their share of the $12.5 million doled out…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 9/14/10

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

COLUMBUS, OH
Columbus Ohio 43235 home sales
Single family home sales in the Columbus Ohio 43235 ZIP code were just down 8.7% in August. Homes for sale were up 19.4% from August 2009. Columbus Ohio 43235 home sales a market report for August 2010
Homes for sale 172 – Homes sold 21 – 8.2 months of inventory based on current rate of sales…See the Chart…

EAST VALLEY, AZ
Coffee Talk: If a hot chick dumps you, do you never date a hot chick again?
East Valley Team member Dean Ouellette talks about a recent article in Time magazine on home ownership.
Our system of homeownership is not broken. Time magazine says it is and you should not buy a house again. I could not disagree more. Homeownership is a great idea, but only for those who are smart about it and can truly afford it…See Video…

PHOENIX, AZ
ActiveRain Training Class Fail. Silence is Loud.
So we’re doing a training class on ActiveRain for Realtors in Phoenix today…Watch Video…

US – HOUSING INSIGHT
Housing Market Insight – Week of September 13th
Last week’s housing market sentiment seemed to turn slightly as we saw an about-face in interest rates, and purchase applications. We’ll also discuss the housing inventories, vacancy rates, and what home types you should be investing in now. Vacancy Rates Remain High Despite Low Housing Starts While housing starts remain extremely low (just above a seasonally adjusted annual rate of 500,000), vacancy rates remain extremely…Rest of Story…

US – HOUSING REPORT
September 2010 Real-time Housing Report
Highlights from our September 2010 Real-time Housing Report: The Altos 10-City Composite is now at $469,910 – below the previous bottom of the market recorded in January 2009 when the Federal Government’s stimulus bill was first put into effect. This month, the Altos 10-City Composite price decreased 1.6%. More striking is that prices moved negatively in each of the 26 markets tracked in this report. Inventory is increasing, albeit…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 9/13/10

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

COLUMBUS, OH
Thinking of selling in the spring? Get photos now!
In Central Ohio we stand a better chance of your home looking like the second photo. Glenda Cherry’s “Or, even worse, like this!” photo. Or perhaps we will have an early spring and start off the 2011 “selling season” with a bang with brown grass and no trees. Personally I think snow photos are pretty.. but they date a photo. Glenda is a great photographer. She’s a professional… Thanks to Glenda for allowing her post to be Re-Blogged…Rest of Story…

SAN ANTONIO, TX
Why all the posts about San Antonio sellers lately?
Some of you may wonder why a lot of my posts lately have been about selling your home in San Antonio and less about buying homes. There’s a few reasons, but the main idea behind it is that I really want to help those putting up their homes for sale. Now, of course, I’d love to be their agent. I’d be crazy not to say that I would love their business and help guide them through the sale process, but this is really bigger than just that…Rest of Story…

SEATTLE, WA
My Seattle Blogs: Real Estate Professionals…What’s More Important, What You Paid or What You Made?
From the conversations I have with folks in the industry, seems very interesting to me the mindset of how many real estate professionals view their cost of getting business. When I ask an agent what they pay monthly or even yearly to drive their real estate business, I get some fascination responses. In comparison, small and large business alike view the cost of doing business as simply what it takes to make a buck…why don’t more real…Rest of Story…

US – BEING AN EXPERT
Waiting to Exhale: How to Be the Expert in Tough Times
With the bulk of the subprime mortgage resets behind us as of early 2009, it may seem that the only direction to move is straight up toward recovery. Projections through 2012, however, show two more waves of resets on more than $1 trillion in Alt-A and Option ARM mortgages. Many owners of these properties may face foreclosure, as did subprime borrowers. This means the current shadow inventory is expected to remain at record…Rest of Story…

US – FANNIE MAE
Coffee Talk: Fannie Mae reneges on counter, drives me to drink
East Valley Team member Dean Ouellette talks about how Fannie Mae reneged on a counter offer after buyer accepted. My buyer had found a property they wanted, a bank owned house owned by Fannie Mae, but the house was at least 10k over market value. After the house had been on the market for 40 days we put in an offer at market value. Fannie Mae sent us a counter through the listing agent (verbal as they do with all their…Rest of Story…

US – MORTGAGE RATES
Mortgage Interest Rates Climb
Freddie Mac reported this week that the fixed 30-year mortgage rate climbed to 4.35% up from 4.32% the week prior marking the first increase in rates since June. The 15-year stayed flat at 3.83%. I’ve updated my year-to-date chart to reflect the severity of the interest rate decline and the trend. I’ll be following closely over the next few weeks to see if rates start bottoming out and what direction rates will be trending. We may have seen…Rest of Story…

US – TWITTER
Twitter Profiles – Do They Matter?
If you have been on Twitter long enough you know how important your Twitter profiles are. Recently I did a small split test on 2 different profiles to see what the results would be as far as adding new followers. Now this was not a scientific, data filled test haha, if you been on my blog long enough, you know I’m all about simple. This was a simple A and B test. Now simple doesn’t mean it didn’t reveal some great information on which…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 9/10/10

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

LAKE GENEVA, WI
YOUR LAKE GENEVA MORTGAGE ARM IS ADJUSTING LOWER. IS THERE A DOWNSIDE TO LETTING IT?
When Lake Geneva adjustable-rate mortgages are on the verge of adjusting, a common concern among homeowners is that their mortgage rates will adjust higher. Well, this year, because of the math of how ARMs adjust, homeowners of Lake Geneva real estate and around the country are seeing that mortgage rates on ARMs can sometimes adjust lower, too. Adjusting conforming mortgages are adjusting to as low as…Rest of Story…

SEATTLE, WA
My Seattle Blogs: Be A Real Estate Hero…
It was a busy day yesterday answering emails and phone calls about the post I wrote on the suspension of a Shady Seattle Real Estate Broker who got shut down for his highly unscrupulous business practices after a 17 month investigation. I even received a phone call from a local magazine that read my blog and wanted to know more! – WHAT TOOK SO LONG TO BUST THIS LOSER? The real question on the minds and lips of many…Rest of Story…

US – AUTHENTICITY
All Hat and No Horse; Rules for Being Authentic Online
That’s what we often say here in Texas…. “He’s all hat and no horse.” Sometimes, you might also hear “He’s all hat and no cattle.” The meaning, however, is the same. It’s said about someone who might otherwise be called a “poseur;” Someone who pretends to be something or someone they are not. The internet is full of people like that. In fact, the internet makes it easier for people to appear to be something they really aren’t at all…Rest of Story…

WORTHINGTON, OH
Worthington home sales August 2010
This graph shows homes for sale and homes sold for Worthington schools for the past 15 months. It’s only single family residences. It does not include condominiums. The Worthington City School district is larger than just the city of Worthington, or homes with a Worthington mailing address. August Worthington home sales down 37.9% from August 2009 (dark green bar). August homes for sale up 26.4% from August 2009…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 9/9/10

Posted on September 9th, 2010 in Deedstreet News | No Comments »

COLUMBUS, OH
Homes for sale in the Bluffsview Elementary School area – Open Sunday
Worthington’s Bluffsview Elementary School area – Open Houses this Sunday 2 to 4 include:
1344 Snowmass Rd. Columbus OH 43235 The Worthingview neighborhood
810 Bluffview Dr. Columbus OH 43235 The Bluffs neighborhood
The address links above have photos and so much more for the homes for sale in…Rest of Story…

IOWA CITY, IA
Iowa City ranked No. 3 college town
Iowa City has been ranked the third best college town in America to live for college students, according to The American Institute for Economic Research College Destinations Index for 2010-11. The ranking is based on 12 areas, including the number of college students per 1,000 residents, percentage of students holding foreign passports, research capacity, percent of the 25-34 year old population with college degrees and…Rest of Story…

LAKE GENEVA, WI
WHICH MODEL IS MORE ACCURATE: THE CASE-SHILLER INDEX OR THE HOME PRICE INDEX?
The private-sector Case-Shiller Index reported home values up 5 percent nationwide in June. The government’s own Home Price Index, however, reached a different conclusion. According to the Federal Home Finance Agency, month-to-month home values fell 0.3 percent in June, and values are down by 1.7 percent from June 2009.
So, as a home buyer and/or homeowner of Lake Geneva real estate , by which valuation model…Rest of Story…

PHOENIX, AZ
Coffee Talk: Stress-free living in Phoenix and East Valley
East Valley Team memberKristin LaVanway talks about a recent article that listed Phoenix as one of the ten least stressful places to live in the United States. An article on Portfolio.com, an affiliate of the Business Journal series of publications, shows that living in Phoenix is like a breath of fresh air! It is a great time to live in the East Valley…Watch Video…

SAN ANTONIO, TX
I’m A Real Estate Expert – What’s Wrong With This Statement?
I read a comment on someone’s blog today (and won’t link to it as the comment doesn’t really apply to what I’m writing, it just sent me down this path) that made me think about the word expert and how we use it consistently in real estate. Everyone wants to hire someone with expertise in their field, no matter what industry you’re coming from. We like to know we’re getting the best of the best. We don’t want to hire someone who has…Rest of Story…

SEATTLE, WA
My Seattle Blogs: Shady Seattle Real Estate Broker Shut Down!
This could not of happened to a nicer guy! I read today that Michael Hellickson and his real estate company got busted and shut down! read the whole story in the Seattle Times. Now, I don’t know this guy personally but almost every Seattle Real Estate Agent and Broker knew how this creep did business and how slimy his tactics where…giving all of us a big black eye in the process. The suspension of the license of both Hellickson and his…Rest of Story…

US – HOUSING MARKET
Housing Market Insight – Week of September 6th
Last week the sentiment in the housing market seemed to turn slightly for the better. This post will tell you why as we cover the discussion over more tax credits, interest rates, the mortgage application index, and a surprise in pending home sales. Tax Credit Discussion, Quelled – What seemed to be a stirring of a potential renewal of the home buyer tax credit this week was squashed by the White House and several industry trade…Rest of Story…

US – REOs
Feds award $1B to buy up REOs
Federal housing officials today announced nearly $1 billion in funding to help state and local governments acquire, redevelop or demolish foreclosed properties. Every state in the nation got at least $5 million in the third round of funding through the Department of Housing and Urban Development’s Neighborhood Stabilization Program (NSP)…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 9/8/10

Posted on September 8th, 2010 in Deedstreet News | No Comments »

INDIANAPOLIS, IN
REBCIN
RT @davewoodson: Letting the #rebcin games begin (@ Courtyard by Marriott Indy Downtown) http://4sq.com/dzeGer ^Hold down the fort 4 me…See the Tweet…

LAKE GENEVA, WI
HOME SALES ARE BACK ON THE RISE AFTER A 2-MONTH PULLBACK
Just one week after reports of Existing Home Sales and New Home Sales plunging, the housing market is signaling that auturm may fare better than did summer. The number of homes under contract to sell rose 5 percent in July.
The data comes from the July Pending Home Sales Index, as published by the National Association of Realtors®. By definition, a “pending home sales” is a home that is sold, but not yet closed…Rest of Story…

SEATTLE, WA
My Seattle Blogs: Real Estate Agents…Do You Know What To Do When It’s Time To Go To Work?
Sort of a loaded question but one that I recently asked a young new agent after one of my classes. The conversation arose when they approached me and they started telling me how they’re not able to get any business. My first question was, “Do you have a daily schedule that gets you business?” Of course their response was, “Oh, sure…absolutely.” I began to drill down and asked that they draw that out for me. By the time they were done…Rest of Story…

US – BANK OF AMERICA
Company Profile: Bank of America Home Loans Works with Real Estate Professionals to Offer Buyers a Better Purchase Experience
The housing market is showing signs of life. Historically low interest rates and greater home affordability in many areas are beginning to attract prospective home buyers to the market. And with a slow yet steady economic recovery, consumers and real estate professionals are positive about opportunities for today’s first-time and repeat buyers. Enabling Success With the changing economy and regulations surrounding lending standards…Rest of Story…

WORTHINGTON, OH
Real Living HER Open House List – Labor Day weekend 2010
There are not a lot of open houses this weekend. It is a holiday weekend! Happy Labor Day. There are some open houses in town this weekend… My coworker and friend Loretta Strang is holding her great Worthington ranch listing open… need your Worthington, Sunday, open house fix? Or need a one story in Worthignton, Kilbourne Village has a good walk score… Visit Loretta. Tell her “Maureen sent me”* I held an open house…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 9/7/10

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

COLUMBUS, OH
Graceland Shopping Center
Today at Graceland Shopping Center there is a Kroger Marketplace – Target – Two fitness centers – Qdoba – Applebees – Sears Appliance & Hardware – OfficeMax – and way, way more…A home owner near Graceland Shopping Center said of the shopping area earlier this decade: “Graceland Shopping Center had an 80% vacancy rate and was in disrepair. There was no Target, or Kroger, or other shopping facilities, but only empty…Rest of Story…

CORALVILLE, IA
FryFest Show + Shine Car Show – Pictures
Friday was a big day in Coralville as we celebrated all things Hawkeye prior to the first Hawkeye game of the season on Saturday. FryFest 2010 was a huge success. Coralville will show up in the next Guiness Book of Records as they broke the Hokey Pokey record with more than 7,000 people doing the Hokey Pokey at Fry Fest on Friday evening. I wasn’t there for that. To be totally honest I am not a huge fan of crowds. I was there earlier in the day for…Rest of Story…

SEATTLE, WA
My Seattle Blogs: How Much Biz Can You Get Using Social Media?
In the true sense of the word, my Labor Day Weekend was all about working…AND I couldn’t have been happier! I worked all weekend on setting up 3 different Social Media Platforms, built 4 Social Media Tutorial eBooks and even found time to punch out a couple of custom fan pages for some friends. The neat thing about all this…all of the people I worked with this weekend were 2nd and in one case, a 3rd level referral from my Social…Rest of Story…

US – HOME SALES
Exceeding Expectations, Pending Home Sales Rise 5.2%
Following a sharp drop in the months immediately after the expiration of the home buyer tax credit, pending home sales have modestly risen, according to the National Association of Realtors. The Pending Home Sales Index, a forward-looking indicator, rose 5.2% to 79.4 based on contracts signed in July from a downwardly revised 75.5 in June, but remains 19.1% below July 2009 when it was 98.1. The data reflects contracts and not …Rest of Story…

US – SOCIAL MEDIA TIPS
Two Quick, Simple Social Media Tips
Today, I want to share two pieces of advice that are particularly useful to certain types of business – and will be exceptionally quick to implement. I’ve also created a free download that might help some people implement one of these ideas even more quickly. About two years ago, I made a recommendation to a client in the UK, and I’ve just seen it used by a hotel in the USA. If your business offers public computers with internet access – such…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 Memorial Day Weekend

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

COLUMBUS, OH
Central Ohio home sellers do the bed bugs convey?
“Convey” means stay with the real estate. Fixtures are part of the property. Personal property sometimes conveys with the sale of real estate. Bed Bugs are an issue in Central Ohio. Did you know there is a Central Ohio Bed Bug Task Force? Made up of people from the bug industry. This is the last of a four part series about bed bugs (or is it bedbugs?) Central Ohio bed bugs… recommendations to REALTORS® – bed bug contingency…Rest of Story…

EAST VALLEY, AZ
Coffee Talk: HAMP, HAFA, Chase and other time wasters
East Valley Team member Dean Ouellette talks, or maybe rants, about the HAMP and HAFA programs and banks wasting our time. The Government came up with HAMP and HAFA to “help homeowners.” Well they have done no such thing. Maybe if you look at the optimistic numbers these programs may have helped somewhere between 4-5% of homeowners, but not near enough to make a difference. The banks are using these programs…Rest of Story…

LAKE GENEVA, WI
AUGUST 2010 JOBS REPORT PUSHES LAKE GENEVA MORTGAGE RATES HIGHER
On the first Friday of each month, the Bureau of Labor Statistics releases Non-Farm Payrolls data for the month prior. The data is more commonly called “the jobs report” and it’s a major factor in setting mortgage rates for Lake Geneva real estate and homeowners everywhere. Especially today, considering the economy. This is because, although it’s believed that the recession of 2009 is over, there’s emerging talk of new recession starting…Rest of Story…

IOWA CITY, IA
FRY Fest ^Coralville IA – Celebrating All Things Hawkeye
Highlights of FRYFest 2010: Hokey Pokey World Record Dance @ 6.00pm Iowa River Landing, Coralville. 7.00pm Concert with The Nadas + Three Dog Night. See full schedule below map…See Details…

SEATTLE, WA
My Seattle Blogs: Your Real Estate Clients Are Using Social Media…Are You?
I read in a recent article that 61% of folks, age 30-49 say they use Social Media which I didn’t find that surprising but the percentage of people 50 years and older who say they are now using Social Media nearly double to 42%…That’s an eye popping stat! These are all adult men and women who are now engaging and using online media sites like Facebook and Twitter to connect with current as well as past associations…is that you…Rest of Story…

US – PENDING HOME SALES
Pending home sales rise 5.2%
Potential homebuyers who took a break after the $8,000 tax credit expired were getting back in the buying mood in July, as pending home sales rose 5.2% from the previous month, according to the National Association of Realtors. But those willing to sign a contract to buy a previously lived-in home still are just trickling in after pending home sales dropped 2.6% to a record low in June, followed by a sharp 30% in May on 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 9/2/10

Posted on September 2nd, 2010 in Deedstreet News | No Comments »

EAST VALLEY, AZ
Coffee Talk – What you see on MLS is not always what you get
East Valley Team memberKristin LaVanway talks about how what you see on the MLS is not always what you get. Sometimes what you read in the MLS does not reflect reality…and sometimes the certified expert does not lend a feeling of confidence. Check out this house I recently toured with a client and learn why – despite the fact that the house has everything they are looking for – we will NOT be submitting an offer…Rest of Story…

LAKE GENEVA, WI
LAKE GENEVA MORTGAGE RATES HIGHER BASED ON FED’S AUGUST MINUTES
Home affordability took a slight hit this week after the Federal Reserve’s release of its August 10 meeting minutes.
The “Fed Minutes” is a lengthy, detailed recap of a Federal Open Market Committee meeting, not unlike the minutes published after a corporate conference, or condo association gathering. The Federal Reserve publishes its meeting minutes 3 weeks after a FOMC get-together. The minutes are lengthy, too. At 6,181 words, August…Rest of Story…

SAN ANTONIO, TX
MLS
Once again I find myself angry with what I see in our MLS. Seriously agents – you’ve got to do better…See the Tweet…

SEATTLE, WA
My Seattle Blogs: What do Real Estate Leads and Football Have in Common?
With the start of the Football Season just around the corner, I wanted to share an analogy I often use (especially around this time of the year) when I hear Real Estate Professionals complaining about bad leads or how lead generation is so hard! A GREAT CATCH IS OFTEN THE RESULT OF A BAD PASS! Even if you’re not a fan of Football, you should understand that most if not all the spectacular receptions throughout the history of the game…Rest of Story…

US – AGENTS-FUNNY
Side Job
Does your agent work full -time for you? Here’s just one problem with using a…Watch Video…

US – FHA LOANS
The Basics of A FHA Loan
The Federal Housing Administration or FHA has provided a way for low to middle-income earners to obtain a mortgage loan, when they might otherwise not be able to qualify for a regular mortgage loan. The basics of an FHA loan guarantees that they will insure the lender against any default of payment. This gives the lender the assurance that they will be recouped the full amount of the loan should anything happen and the new homeowner…Rest of Story…

US – FICO SCORES
Four FICO Score Myths, Busted
FICO scores have been around since 1989, but they weren’t thrust into the public’s eye until the mid 1990’s when Fannie Mae and Freddie Mac endorsed their use in the mortgage environment. And by “endorsed” I mean, “forced.” Mortgage lenders had until the late 90’s to fully implement FICO scoring into their underwriting processes. I was at FICO (FICO) when this happened and one of my jobs was to criss cross the country speaking at…Rest of Story…

US – MOST EXPENSIVE HOME
Got $100 million? Nation’s most expensive homes for sale

In an era that has seen the rise and fall of excess, it’s no surprise that the average size of a new home sold in 2009 shrank by 100 square feet. Even the wealthy are stepping down in size, with Candy Spelling attempting to offload her 56,500-square-foot megamansion in favor of a penthouse that’s the same size as her attic, while what’s believed to be the world’s most expensive residential property sale is a penthouse that doesn’t even…Rest of Story…

WORTHINGTON, OH
Worthington Mall to be bought… by a local
A Columbus Dispatch article today says “Worthington Mall to be Sold” The Dispatch article written by Marla Matzer Rose says there is a buyer for the local mall and it is a local person. The Columbus Dispatch says: “Local developer Tom Carter and Morris Capital Partners of Texas announced a plan yesterday to buy the mall.” It sounds like the mall originally built in 1974 is going to be opened up… it was enclosed at some point. Carter is…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 9/1/10

Posted on September 1st, 2010 in Deedstreet News | No Comments »

COLUMBUS, OH
Past Is Prologue
A six year old home… Past is Prologue. Before you jump to any conclusions about who the Central Ohio builder is …. who did a bad job in installing the trim on this 6 year old home realize these home inspector photos are from out of state. This is not a Central Ohio home. It could be. Past is Prologue is a Re-Blog of a post from Jay Markanich in Virginia. Jay inspected this home when the present owners bought it four years ago…Rest of Story…

IOWA CITY, IA
Ranch Home for Sale: 119 S Mount Vernon Dr, ^Iowa City
Unique ranch style home for sale, 119 S Mount Vernon Dr, Iowa City. Tons of space, 6 Bedrooms, 2 Bathrooms. Walk to City High, close to Hoover Elementary. 5 minutes to downtown…See Details…

SEATTLE, WA
My Seattle Blogs: Real Estate Agents…Please Don’t Over Think Social Media!
I had a lengthy conversation with a high producing Real Estate Professional yesterday who was referred to me to get him set up with a Social Media and Blogging Platform. He had a number of very good questions and was particularly interested in return on investment and cost per lead issues and I was extremely happy to answer all his inquiries with what I knew. SOME WANT TO KNOW WHAT TIME IT IS…OTHERS WANT TO KNOW HOW TO BUILD…Rest of Story…

US – JOBS
ADP estimates U.S. companies unexpectedly cut jobs
U.S. companies unexpectedly cut workers in August, data from a private report based on payrolls showed, Bloomberg News reported today. Employment fell by 10,000, according to figures today from ADP Employer Services. The median estimate of 35 economists surveyed by Bloomberg News called for a gain of 15,000. Forecasts ranged from a decline of 50,000 to a 55,000 increase. A loss of jobs raises the risk that consumer…Rest of Story…

US – SOCIAL MEDIA
Hot new way to sell your home? Use social media
As social media have turned mainstream, many people have started to use Twitter and Facebook in more constructive ways, instead of just connecting with high school buddies. For instance, some use them to sell their home. Real-estate agents and homeowners are turning to Facebook, Twitter and LinkedIn to market their properties in a sometimes frustratingly slow market. While these methods can help expose a…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.