Spencer's Blog

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Real Estate Agent - RE/MAX 1st Realty
everything in and about real estate in the Roanoke Valley as well as personal updates and local events.

ARCHIVED BLOG POSTS

2009 

  Now that President Barack Obama’s $787 Billion Economic Stimulus Bill has been signed into law and will take effect on March 4, many American homeowners are anxiously wondering how this bill may affect the housing market. Despite primarily focusing on bolstering the economy by creating jobs an...
02/28/2009
    This is a letter sent to all REALTORs regarding Pesident Obama's plan to reduce mortgage interest deductibility.   Dear Fellow REALTOR®, You may have seen news reports about President Obama’s budget proposal that was released today at 11:30 AM Eastern Time. A small section of the sweeping bud...
02/28/2009
Everyone and his mother has an analysis of H.R. 1, the aforementioned American Recovery and Reinvestment Act of 2009. You can find lots of them with a quick Google search, but we wanted to stick to the Realtor® angle and some of the bigger housing-related components in the bill: An $8000 tax cred...
02/27/2009
House and Senate conferees completed work on final elements of the stimulus legislation early this morning. I would like to provide you with a brief overview of what is in the final legislative package, particularly as it relates to the housing community.   House and Senate conferees have agreed...
02/27/2009
RISMEDIA, February 20, 2009-”Those who do not study history are condemned to repeat it.” So spoke Sir John Buchan, the First Baron of Tweedsmuir, back in the mists of time often referred to as “the good old days.” Well, I may not be as old as the Baron, but I did live through President James Earl...
02/27/2009
Homeowner Affordability and Stability Plan On February 18, 2009, President Obama announced his Homeowner Affordability and Stability Plan, designed to help up to 7-9 million families avoid foreclosure by restructuring or refinancing their mortgages. In doing so, the plan not only helps responsibl...
02/27/2009
Spencer Cole real estate sales update for Winter 2009: sales are slow. I could stop there but that wouldn't be fair! As an agent I am about to close one sale on a foreclosure property in Botetourt. I am working with several active buyers who are confident and close to a decision. Them there are t...
02/12/2009
The Roanoke Valley real estate market is slow. There is no doubt about that. Some well known agents who typically represent high class homes and mansions are taking listings for under $100k. That says a lot. To me it says that this is what is selling right now: smaller and cheaper homes. Now with...
02/12/2009
On a personal note, I recently took my wife and 2 children on a family vacation to do some skiing. Downhill skiing has always been a passion of mine. I started when I was 5 years old and haven't stopped for 31 years. Of course I had to teach my wife and she has really taken to it. Our children ar...
02/12/2009
$7500 !!!!  Well it's better than nothing. Myself and several colleagues were really hoping the new economic stimulus package would include the $15000 tax credit for any home buyer in 2009. Instead it looks like we'll get a $7500 credit for first time buyers who purchase a home by the end of Augu...
02/12/2009
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Spencer Cole

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everything in and about real estate in the Roanoke Valley as well as personal updates and local events.