RECENT BLOG POSTS
Whether you’re a buyer’s agent looking for investment properties or a listing agent looking for REO homes, 2010 marks the beginning of a decade of unprecedented opportunity. Rick Sharga senior vice president at RealtyTrac has done a nice job of answering some of the most frequently asked questio...
02/10/2010
Why Would Someone Want to Sell Real Estate at Auction? * An auction is an event * Property is sold on a specific date * Everything is disclosed up front * The only negotiation is price * All negotiation is open and public * Delivers 100% of present cash market value * Sellin...
02/09/2010
January 2010 marked the first time in 18 months that more homes were listed “for sale” compared to the previous month, with an additional 15,000 homes, or a 2.9% increase, listed for sale compared to December 2009 according to the January Housing Inventory Index, a survey of Multiple Listing Serv...
02/09/2010
A new study from PMI Mortgage Insurance Co. suggests home prices have found their bottom.The company’s analysis shows that by almost all measures, residential property values began stabilizing considerably during the second and third quarters of last year – and monthly data through November confi...
02/08/2010
The easiest way to do your part and help the environment is to simply recycle. It’s also one of the most effective ways to conserve natural resources, create less pollution and reduce the amount of waste sent to the landfill.Seventy-five percent of the waste we generate in American homes is recyc...
02/06/2010
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Investors say they are innocent bystanders who are paying a painful price for the credit crunch. The commercial real-estate mess is clobbering lots of investors. Few of them are reeling as much as the 27 owners of 1023 Cherry Road in Memphis, Tenn.The office complex about five miles east of downt...
02/05/2010
Home loan delinquency rates in the United States have now surpassed 10 percent, Lender Processing Services (LPS) reported this week. This rate indicates that more than 7.2 million mortgage loans are now behind on payments, LPS explained, with another one million properties already taken back by b...
02/05/2010
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The unemployment rate fell from 10.0 to 9.7 percent in January, and nonfarm payroll employment was essentially unchanged (-20,000), the U.S. Bureau of Labor Statistics reported today. Employment fell in construction and in transportation and warehousing, while temporary help services and retail t...
02/05/2010
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The market rate for a super-luxury celebrity vacation getaway on the Big Island has been set by auction.Ready? It's $8.72 million.That's how much the home owned by Cher at Hualalai Resort on the Big Island of Hawaii sold for at auction on January 18. The auction process is clearly becoming the se...
02/04/2010
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The Home Buyer Tax Credit was a topic of conversation today at our auction among some agents. Seems like everyone is talking about it and yet there are different opinions. Here's something that may be helpful. Home Buyer CreditOriginally, the $8,000 credit was only for first-time home buyers. Now...
02/04/2010