How To Get An Offer Accepted In Thi...
As competition heats up for properties in the Long Beach real estate market I am often asked for tips on getting an offer accepted. This will be part one in ...
Long Beach Market Statistics, Month...
Another month, another decline in inventory! I was expecting spring to reverse our 10 month trend but that is not the case. The amount of new listings coming on the ...
2012: The Year of the Short Sale?
As we mentioned in the February Foreclosure Report, government intervention into the foreclosure crisis has slowed the rate at which foreclosures go to trustee sale. As a result, there are fewer houses to buy, either at the auction, or from the banks a...
Underwater Owner Principal Reductio...
Edward DeMarco, director of the Federal Housing Finance Agency (FHFA) indicated a willingness to reduce mortgage principal for some borrowers but stopped short of endorsing a plan that would attempt to do that. The White House, along with some lawmakers and housing advocates, has tried to persuade DeMarco to allow Fannie and Freddie to write down loans to help out homeowners who owe far more than their homes are worth. The Treasury Department has proposed an expansion of the incentives for reducing mortgage principal that are now offered under the Home Affordable Modification Program (HAMP). (The FHFA estimates of the [...]
Big Days for Bubba Watson: Adopts S...
Capping off a huge win at the prestigious 2012 Masters Tournament this past weekend, PGA golfer Bubba Watson has listed his North Carolina home for $1.499 million.
Property Investors, House Flippers ...
Home flippers buy dilapidated houses, fix them up, then sell them again as quickly as possible with the intention of making a tidy profit. Flipped houses [...]
How to Submit Offers for Fannie Mae...
REOs and other distressed sales make up about a third of the market today on a national basis and NAR’s just-released Investment and Vacation Home Buyers Survey shows that distressed homes comprise about a quarter of the homes bought for non-primary use. Against this backdrop, Fannie Mae about a month ago announced that agents working [...]
Bank of America Says..Housing Crash...
Late last year HARRIS REAL ESTATE UNIVERSITY predicted that 2012 would be the housing bottom… Now, Bank of America agrees! Bank of America Merrill Lynch’s economics team declared that housing prices have hit bottom earlier than they expected. WARNING: Short Sales…love em or hate em…they are here to stay! Go beyond the basic ‘expert’ short sale designation. Watch the FREE 2012 Agent Short Sale Secrets video and download the FREE Short Sale training guide.NOTICE: Free book guaranteed for the first 100 agents only Today, Michelle Meyer—a senior economist and housing specialist for the team—told Bloomberg TV that while it’s “a big [...]
How To Get An Offer Accepted In This Market
As competition heats up for properties in the Long Beach real estate market I am often asked for tips on ...
Long Beach Market Statistics, Month Ending March 2012
Another month, another decline in inventory! I was expecting spring to reverse our 10 month trend but that is not ...
2012: The Year of the Short Sale?
As we mentioned in the February Foreclosure Report, government intervention into the foreclosure crisis has slowed the rate at which foreclosures go to trustee sale. As a result, there are fewer houses to buy, either at the auction, or from the banks a...
Underwater Owner Principal Reduction Program Coming Soon?
Edward DeMarco, director of the Federal Housing Finance Agency (FHFA) indicated a willingness to reduce mortgage principal for some borrowers but stopped short of endorsing a plan that would attempt to do that. The White House, along with some lawmakers and housing advocates, has tried to persuade DeMarco to allow Fannie and Freddie to write down loans to help out homeowners who owe far more than their homes are worth. The Treasury Department has proposed an expansion of the incentives for reducing mortgage principal that are now offered under the Home Affordable Modification Program (HAMP). (The FHFA estimates of the [...]
Big Days for Bubba Watson: Adopts Son, Wins Masters, Lists Home for Sale
Capping off a huge win at the prestigious 2012 Masters Tournament this past weekend, PGA golfer Bubba Watson has listed his North Carolina home for $1.499 million.
Property Investors, House Flippers Beware!
Home flippers buy dilapidated houses, fix them up, then sell them again as quickly as possible with the intention of making a tidy profit. Flipped houses [...]
How to Submit Offers for Fannie Mae Bank Owned Homes
REOs and other distressed sales make up about a third of the market today on a national basis and NAR’s just-released Investment and Vacation Home Buyers Survey shows that distressed homes comprise about a quarter of the homes bought for non-primary use. Against this backdrop, Fannie Mae about a month ago announced that agents working [...]
Bank of America Says..Housing Crash is OVER!
Late last year HARRIS REAL ESTATE UNIVERSITY predicted that 2012 would be the housing bottom… Now, Bank of America agrees! Bank of America Merrill Lynch’s economics team declared that housing prices have hit bottom earlier than they expected. WARNING: Short Sales…love em or hate em…they are here to stay! Go beyond the basic ‘expert’ short sale designation. Watch the FREE 2012 Agent Short Sale Secrets video and download the FREE Short Sale training guide.NOTICE: Free book guaranteed for the first 100 agents only Today, Michelle Meyer—a senior economist and housing specialist for the team—told Bloomberg TV that while it’s “a big [...]
Existing Home Sales Show Slight Decline (video)
Sales of previously owned homes in the United States dropped 0.9 percent in February. Clearly the road to a full real estate recovery will remain bumpy for years to come. The bad news is as long as millions of owners remain underwater there will be no true housing recovery. The share of underwater mortgages is at its highest level since 2009, according to a report released this month by CoreLogic. There are 11.1 million homeowners underwater, accounting for 22.8 percent of mortgages. Without a doubt, agents who truly know how to list and SELL short sales will be in demand [...]
9 Things Realtors Can Learn from Spring: Part III
Spring is nature’s way of saying, “Let’s party!” -Robin Williams Spring brings abundant opportunity to Realtors. This is the last in a three part series on 9 things agents can learn from the season. (Click here for Part I and Part II) 7. April showings bring Mayflowers I’m not talking about a specific bloom or [...]
Rent Like Tom Cruise or Russell Crowe– for $100K a Month!
What do Katie Holmes, Russell Crowe and Tom Cruise have in common?
3 Things You Should Know About Preliminary Title Reports
After the buyer and seller have reached agreement, but before the close of escrow, the preliminary title report needs review. It’s not going to be one [...]
