The Canadian Real Estate Association has released statistics for September 2010.
Housing sales rose in September for a second straight month, while average prices reversed a negative trend with a 1.9 per cent increase from August, the Canadian Real Estate Association said Friday. The Ottawa-based group said sales in ...
Publish Date: 10/16/2010 1:05
http://www.timescolonist.com/business/House+sales+rise+September/3676891/story.html
Here is some information affecting the real estate market in Detroit.
New Foreclosure Moratorium Looms | Detroit Real Estate Foreclosures
If you have been paying attention to the latest news, two of the largest banks in America, Bank of America and Chase, have both suspended foreclosures. This is.
Publish Date: 10/13/2010 2:43
http://www.urbandetroitonline.com/detroit-real-estate/new-foreclosure-moratorium-looms/
Auto Industry Aches and Detroit Breaks | Zunley
Auto Industry Aches and Detroit Breaks Few cities in the world are as dependent on one industry as Detroit is when it comes to automobiles.
Publish Date: 10/14/2010 6:40
http://zunley.cn/real-estate/auto-industry-aches-and-detroit-breaks/
Detroit is a very big city and what happens in Detroit can have a bearing on what happens across the USA.
With the state of the US economy it is certainly possible to buy cheap property in america right now. Foreclosures are always one way to purchase properties at discounted prices. Buying houses or apartments in smaller towns is also a lot less expensive than purchasing or renting properties in major cities across the USA.
September 2010 was a month many real estate agents across the UK would rather forget.
House sales fall back in September
by Gill Montia. House sales fall back in September. Residential property sales activity in the UK saw its most significant month-on-month drop for six months in September, according to the latest Agency Express Property Activity Index. ...
Publish Date: 10/06/2010 17:15
http://www.homemove.co.uk/news/06-10-2010/house-sales-fall-back-in-september.html
Where are most properties being sold in the UK?
The Top 5 Property Hotspots in the UK
New research from the Halifax has analysed Land Registry data to identify the towns and cities across the UK where most properties are being sold. Overall, there were 27 per cent more house sales in the first half of 2010 when compared ...
Publish Date: 10/07/2010 10:00
http://www.thelittlehousecompany.co.uk/news/The-Top-5-Property-Hotspots-in-the-UK.htm
This is an interesting snippet regarding the housing market right now.
Gary Shilling: House Prices Will Drop Another 20%
Investors were crowding into foreclosed house sales and bidding up prices in California, often the bellwether state for new trends. The tax credit of up to $8000 for new homebuyers that expired in April spurred buyers and promised to kick- start .... did you notice anything in regards to market "interventions" and gold price...yum yum..go get you some!!!!! heck, I want fools to clammer for PM's once they realize (at the precise moment the rest of the herd does) that US is ...
Publish Date: 10/06/2010 2:30
http://www.businessinsider.com/gary-shilling-house-prices
More useful information of buying and selling real estate
Home buyers often spend a lot of time driving from street to street searching properties for sale. This a good way for the home buyer to assess the neighborhoods first hand.
However, sometimes the home buyers will often slow down at a property listed for sale with a sign, do a quick visual assessment, and then drive off. The potential buyer will not bother phoning the real estate agent. They will not arrange an inspection so never get through the front door to see the entire property and what else the property has to offer.
The potential buyer will never get to see the spacious living area, the newly refurbished designer kitchen, or even the wonderful outdoor dining area in the backyard. This is because, the buyer made a quick judgement to eliminate the property listed for sale from their search, based on what they saw from the street.
There is a lesson in all this for any vendor who is trying to sell their home. First impressions do matter, street appeal is critically important. If the home for sale fails to attract potential buyers past the front gate, it doesn't really matter how amazing the property is on the inside. The potential home buyer may never get to see it.
Needless to say, a home for sale that is visually appealing from the street frontage, and appears in good condition will attract potential home buyers.
The latest real estate news 10/02/10
Nhb Plans To Revive Home Loan Securitisation | 24-7 Christian News
Nhb Plans To Revive Home Loan Securitisation National Housing Bank (NHB) is planning to revive the market for securitisation of home loans to.
Publish Date: 10/02/2010 8:18
http://www.24-7christiannews.com/christian-news/nhb-plans-to-revive-home-loan-securitisation/
What Is The Connection Between Slowing Housing Market And Loans ...
yes_usmaCompanies that have a) invested in housing loans or b)hedging instruments backed by these loans, or c) invested in other companies dealing with mortgaging, will lose if they are not able to get back their investment. ...
Publish Date: 10/02/2010 9:02
http://www.sethere.com/?p=6608&utm_source=rss&utm_medium=rss&utm_campaign=what-is-the-connection-between-slowing-housing-market-and-loans-with-the-stock-market
Search this housing blog for real estate market updates and property news.Some US home owners are voluntarily defaulting on payments...
Strategic Defaults Threaten All Major U.S. Housing Markets - Real ...
In the midst of the housing bubble, it was inconceivable that a homeowner would voluntarily stop making payments on the mortgage and lapse into default while having the financial means to remain current on the loan. ...
Publish Date: 09/30/2010 22:00
http://www.realestatechannel.com/us-markets/residential-real-estate-1/real-estate-news-strategic-defaults-real-estate-bubble-morgan-stanley-loan-default-rates-home-foreclosures-bank-reo-sales-keith-jurow-wikipedia-housing-bubble-liar-loans-3258.php
US Housing Market Slowing Down - Columns/Features
The recovery of US home prices has officially slowed down, but that doesn't mean the market will lose ground.
Publish Date: 09/29/2010 0:11
http://www.indexuniverse.com/sections/features/8151-us-housing-market-slowing-down.html
Read this real estate blog for property tips and housing trends.Is your home exterior looking a bit worse for wear? When is the last time you saw it as other people really see it? While it is true that you live on the inside, it is also true that what the outside of your home looks like, is the first thing people see. It is what gives your home curb appeal and makes people want to see more. Still when it comes to improving your home, one of the biggest things that people tend to overlook is the outside. First impressions when buying a home matter!
Did you know that adding a flower bed or a little bit of shrubbery can not only increase your chances of selling your home, but also cost you a nominal amount? A few shrubs and flowers could amount to less than two to three hundred dollars.
Adding greenery may increase the value of your home as much as a thousand dollars or more. Flowers and shrubs tend to give a home the appearance of being lovingly nurtured and people notice. An attractive garden will get you buyers when the swimming pool in your back yard might not.
Go here for more home sales tips and tutorial videos to watch.
When it comes to selling your home, you won't get a second chance to make a good impression. Home presentation tips are available for you all across the internet, but we've got our own sense of what is and is not most important when it comes to selling your house.
If you're serious about making the sale, then these home presentation tips should help you to make it more attractive to your buyers.
Clean it up - None of the other home presentation tips we give are going to be helpful to you if the house you're trying to sell is cluttered and unsightly. Top of the list, make your dwelling clean and neat. There is nothing wrong with a few toys lying around, or a few magazines on your table, but a sink full of dirty dishes doesn't scream "buy me" to anyone.
Noel Peebles writes:
Everyone has one or two things they would like to improve about the place they live. When it comes to improvements, our homes should be at the top of the list, but they often get shuffled to the side, because improvements tend to be costly and time consuming. The reality is that a lot of improvements you can actually accomplish on your own using some home improvement tips that aren't costly, but are noticeable.
Two areas of the house tend to get the short end of things when it comes to home improvement. They are the bathroom and our outside world. The bathroom is somewhat understandable. While we like to have it nice, the reality is that a face lift in the bathroom can be problematic. Redoing the entire bathroom is quite costly and often a messy proposition that takes weeks to reconcile.
Despite the inconvenience, doing up a bathroom is usually time and money well spent. It is one of the most used rooms in any house, and is a priority for most home buyers. The condition and presentation of a bathroom can add or subtract thousands of dollars in a property sale. A bathroom can also influence how long a property stays on the market, before being snapped up by a buyer.
That being said, what about the outside of your home? Is it looking a bit worse for wear? When is the last time you saw it as other people really see it? While it is true that you live on the inside, it is also true that what the outside of your home looks like, is the first thing people see. It is what gives your home curb appeal and makes people want to see more. Still when it comes to improving your home, one of the biggest things that people tend to overlook is the outside.
Did you know that adding a flower bed or a little bit of shrubbery can not only increase your chances of selling your home, but also cost you a nominal amount. It could amount to less than two to three hundred dollars for decent greenery that may increase the value of your home as much as a thousand dollars or more. Flowers and shrubs tend to give a home the appearance of being lovingly nurtured and people notice. An attractive garden will get you buyers when the swimming pool in your back yard might not.
Firewise landscaping is another method of adding to the value of your property and is one of the home improvement tips that you don't see added to the lists very often. This is particularly the case in areas where wild-land fires can be a problem, such as New Mexico, Arizona, California, and in some eastern states. Firewise landscaping is making news. It represents the proper placement of landscaping items so that the fires will have less fuel and be less able to consume the home along with the property. Firewise landscaping sells houses.
Taking into account where you live when considering these home improvement tips. Take care of your own interests, as well as those who will buy the property after you means assuring the safety of your home. It is one of the best ways to get your home noticed in a positive way and to sell the property to someone else.
Noel discovered a really interesting site will some good real estate information to help home buyers and vendors buy and sell properties.
Noel Peebles writes:
My friends Jim and Kate recently sold their family home for a record price in their local area. I couldn't resist quizzing them to find out what they did to get such a good result. They had lots of good advice as you'll read below.
Here is what Jim and Kate did to sell their home for a record price in their area:
1. They did some research on local real estate agents and then interviewed 4 agents before deciding on which one to choose.
2. They decided to delay marketing their property for sale until it was ready for viewing.
3. They took the agent's advice and priced their home realistically asking for offers over a preset price.
4. They then went through their home outside and inside and prepared a long list of positives and negatives.
5. They then decided what aspects of their home needed attention.
6. They began outside by weeding and mulching the garden beds before adding some flowers.
7. Jim and Kate then replaced their tired old mailbox.
8. They added some nice potted plants as a feature in the entrance way.
9. They pressure washed the paving and driveway.
10. Jim and Kate then hired a local painter to wash and touch up the house exterior.
11. They cleaned every window in the house on both the inside and outside.
12. They cleaned the rain water gutters around the house and replaced one rusty section.
13. They mowed the lawns.
14. They tidied the hose reel and removed some garbage and built a small trellis to hide the garbage can.
15. Kate rearranged the outdoor furniture and added a nice potted flowering plant on the table.
16. Together they decided which items of furniture needed to be disposed of or put into storage. The whole purpose was to remove clutter.
17. They rearranged the furniture to give the appearance of space.
18. They stored away personal photos and a couple unusual items that wouldn't appeal to most people.
19. Jim got to work and cleaned out the garage and basement.
20. Kate cleaned the bedrooms, added some attractive linen and a few feature ornaments.
21. Jim focused on the bathroom cleaning it from top to bottom. Kate added some nice towels.
22. Together they tackled the kitchen with a thorough clean. They removed clutter from the bench tops and tidied the pantry.
23. The rest of the house was thoroughly cleaned too.
24. Blinds were cleaned and pulled open to let in more light.
25. They both then inspected the house prior to viewing on open days.
26. The dog was never at home when potential buyers arrived and Kate took special care to hide any dog odors by sprinkling a box of baking soda on the carpet before vacuuming. She also used one of those plug-in fragrances and thought the vanilla one smelt best.
After talking to Jim and Kate I realized they had put a lot of thought and effort into selling their home and it had certainly paid off for them. Hopefully this has been helpful and will assist you with selling your home for the best price. As Kate said, "it was the biggest asset we owned so we had to take the sale seriously." It certainly worked for them.
I wish you every success with the sale of your home.
More tips for selling a home and selling real estate in general
The US real estate market still faces troubled times although there is some glimmer of hope on the horizon.
States with the Highest Foreclosure Rates - CNBC
Foreclosure filings were down 2.81 percent in June from the previous month and showed a 6.98-percent decrease from the year before, according to RealtyTrac.
Publish Date: 08/13/2010 3:03
http://www.cnbc.com/id/29655038/States_with_the_Highest_Foreclosure_Rates
Go here for help on selling a home for sale by owner.
Foreclosed Homes in U.S. Sell at 27% Discount as Distressed Supply ...
Homes in the foreclosure process sold at an average 27 percent discount in the first quarter as almost a third of all U.S. transactions involved properties in some stage of mortgage distress, according to RealtyTrac Inc. ...
Publish Date: 06/30/2010 20:44
http://www.propertytalk.com/forum/showthread.php?t=26252
Low Mortgage Rates For Those Investing In Property In US
Individuals considering making an investment in property may want to take into account the US, where low mortgage rates could prove a viable incentive to buy. Freddie Mac recently announced that the average rate for 30-year fixed loans ...
Publish Date: 06/30/2010 10:00
http://www.propertyshowrooms.com/usa/property/news/low-mortgage-rates-for-those-investing-property-us_278528.html
The USA housing market has witnessed a lot of turbulence in recent times, but is it on the mend?
Fannie, Freddie Still Central to US Housing Market – The Epoch ...
Fannie, Freddie Still Central to US Housing Market The Epoch Times But the subprime mortgage crisis eroded the company's financial position and by October 2008, the company's stock was less than $1 per share. ...
Publish Date: 06/22/2010 13:34
http://www.screenmylender.com/2010/06/fannie-freddie-still-central-to-us-housing-market-the-epoch-times/
The U.S. Housing Market Double Dip Is Coming | Daily Markets
Remember when safe as houses was a legitimate expression? Now it's a bit of an ironic joke. What counts as no joke at all, however, is the chaos investors.
Publish Date: 06/19/2010 15:01
http://www.dailymarkets.com/stocks/2010/06/19/the-us-housing-market-double-dip-is-coming/
Unfortunately in tough times and in good, there are always some individuals who cannot be trusted. These recent postings relate to mortgage fraud news items:
The Real Estate Wonk: Multitudinous mortgage fraud - Reporter ...
"The perpetrators collude with appraisers or real estate agents to undervalue the property using an appraisal or a broker price opinion to further manipulate the price down (the flop) to increase their profit margin when they later flip ...
Publish Date: 06/18/2010 21:00
http://weblogs.baltimoresun.com/business/realestate/blog/2010/06/multitudinous_mortgage_fraud.html
Beach Real Estate - Hundreds arrested in U.S. mortgage fraud sweep
Martin County cities discuss plans for economic growth during economic downturn Site development and work force training are foremost on communities' minds.
Publish Date: 06/20/2010 15:23
http://beachpropertyrealestate.net/23988/hundreds-arrested-in-u-s-mortgage-fraud-sweep/
13 mortgage fraud convictions in Arizona since June 1 — Arizona ...
Home · About · John Wake · Sitemap · Buyers · Sellers · Arizona Real Estate Notebook. “Wake Up and Call John!” - John Wake, Associate Broker, HomeSmart Real Estate. 13 mortgage fraud convictions in Arizona since June 1 ...
Publish Date: 06/20/2010 13:41
http://www.arizonarealestatenotebook.com/2010/06/19/13-mortgage-fraud-convictions-in-arizona-since-june-1/
Recent posts about real estate refinancing.
Is it Possible to Refinance Out of a 203K Loan to Conventional ...
Here's a question from Washington, DC by Zillow user udflyer65 who asks in Zillow Advice: Is it possible to refinance from a 203k loan to a conventional. ... Local Market Statistics. Seattle Real Estate Statistics ...
Publish Date: 06/18/2010 3:01
http://www.zillow.com/blog/is-it-possible-to-refinance-out-of-a-203k-loan-to-conventional-loan/2010/06/17/
Best Lowest Refinance Mortgage Loan Rates Online « Real Estate Blog
The internet has also made getting lowest refinance mortgage rate quotes easier and earlier than ever before. With one easy online purpose you can have multiple providers give you their best refinance loan quotes. ...
Publish Date: 06/17/2010 23:54
http://www.stockmarketsreview.com/realestate/2010/06/17/best-lowest-refinance-mortgage-loan-rates-online/
how can i refinance with low income - Zillow Real Estate Advice
Featured Rates are based on state rates for 5/1 ARM loans and are valid for the date shown, but they may change without notice. They are for consumers with a credit rating of 720 or higher and a 20% or higher down payment. ...
Publish Date: 06/17/2010 10:40
http://www.zillow.com/advice-thread/how-can-i-refinance-with-low-income/354190/
Building Wealth: Considering Refinancing? – Here Are Some ...
The secret in real estate business is to use other people's money. This is how most real estate tycoons are made. Unlike traditional residential real estate mortgages, real estate financing offers much broader financial options, ...
Publish Date: 06/15/2010 1:15
http://diy-wealth.com/i/Considering-Refinancing--Here-Are-Some-Important-Points-to-Consider/
Recent Housing Mortgage Blog Posts
Housing Rebound? Mortgage Applications Up After Long Slump ...
A key index that gauges mortgage applications for purchases and refinancing shot out of a long slump last week, as historically low interest rates spurred initial borrowing activity.
Publish Date: 06/16/2010 23:18
http://ecreditdaily.com/2010/06/housing-rebound-mortgage-applications-long-slump/
Mortgages and Housing: 10 RE Charts, Mortgage Math, Sacred Cows ...
must look at – 10 important real estate charts showing no housing recovery in 2010. Collapsing housing starts, Texas Ratio problems, construction.
Publish Date: 06/14/2010 0:06
http://get-easily-mortgage.com/mortgage-articles/mortgages-and-housing-10-re-charts-mortgage-math-sacred-cows-bank-of-internet-flopping-scam-short-sale-tips-goldman-on-housing-congress-extend-tax-credit-reverse-securitization-financial-bi
Market Update – Housing Starts Drop 10% in May | Quicken Loans ...
Treasuries ended the day lower yesterday with the big rally in the stock markets putting pressure on bonds. The market is up this morning following the economic releases. Both the Housing Starts and Building Permits data came in lower ...
Publish Date: 06/17/2010 0:07
http://www.quickenloans.com/mortgage-news/market-update-housing-starts-drop-10
By cody_dodd at 06/17/2010 10:41
Recent blog postings on foreclosure trends.
Online Auctionz » What's The Cause Of The Massive Increase In ...
A quick scan of the legal part of your newspaper will reveal the large list of properties scheduled for the foreclosure auction. Statistics indicate that over 1% of the today's homeowners will be behind on their payments or this year ...
Publish Date: 06/15/2010 17:57
http://onlineauctionz.org/furniture-auctions/whats-the-cause-of-the-massive-increase-in-foreclosure-buying-and-will-it-persist-part-i/
Pre-foreclosure Notices Helping New York State Target Outreach to ...
New York, N.Y. - January 25, 2009 - (RealEstateRama) – The New York State Banking Department and RealtyTrac® released New York county-level foreclosure statistics for the fourth quarter and full year ended December 31, 2008. ...
Publish Date: 06/11/2010 6:35
http://newyork.realestaterama.com/2010/06/10/pre-foreclosure-notices-helping-new-york-state-target-outreach-to-most-at-risk-homeowners-ID01117.html
America's foreclosure statistics are muddled still – Foreclosure ...
While California, Florida, Michigan, Illinois and Nevada continue to lead the American foreclosure stakes, the situation is improving elsewhere.
Publish Date: 05/15/2010 0:07
http://www.foreclosuredatabank.com/foreclosures-blog/article/1944/americas-foreclosure-statistics-are-muddled-still
Tauranga City on the North East coast of New Zealand's North Island has a new real estate website offering a free guide to buying and selling homes. The guide is available by download to any resident in the Tauranga, Mount Maunganui or Bay of Plenty region. The Tauranga real estate guide has helpful information for vendors wanting to sell.
The Kapiti Coast north of Wellington (the Capital City of New Zealand) is starting to show a pick up in activity following the global recession. Kapiti real estate agents report strong sales and a shortage of listings in certain areas. Popular town are Raumati Beach, Waikanae and Paraparaumu Beach. Paraparaumu agents are particularly busy with strong demand for seaside properties. The Kapiti Coast is located about one hour drive north of Wellington.
Posts
All Comments
