2009

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Real Estate Hit Bottom?

As a real estate specialist we become knowledgeable of  the housing trends.  Many economist have preached that we have reached the bottom of the housing market.  I think we’re going to see another surge of foreclosure in 2010 due to... (Continue reading)

Pending Home Sales on a Roll

Contract activity for pending home sales has risen for six straight months, a pattern not seen in the history of the index since it began in 2001, according to the National Association of Realtors®. The Pending Home Sales Index,1 a... (Continue reading)

8 Steps to Writing Effective Advertising Copy

Need to write snappier ad copy for your real estate listings? Remember the phrase “G.E.T. C.A.L.L.S.” This is key to writing effective advertising copy and can get you results in eight easy steps.  I first talked about the acronym memory... (Continue reading)

New Home Sales Surge 9.6% in July

New U.S. home sales surged 9.6 percent in July, rising for the fourth straight month and beating expectations as the housing market shows continuing signs of rebounding from its historic downturn. The Commerce Department said Wednesday that sales rose to... (Continue reading)

U.S. home prices rise for a second straight month

NEW YORK (Reuters) – Prices of U.S. single-family homes rose for the second consecutive month in June, exceeding expectations and adding to evidence that the three-year housing slump is easing, Standard & Poor’s reported on Tuesday.  The S&P/Case-Shiller composite indexes... (Continue reading)

Existing-Home Sales Rise 7.2%

WASHINGTON — Existing-home sales rose to their highest level in nearly two years from June to July as cheaper prices and the availability of tax credits continued to entice buyers. Home resales rose more than expected, bouncing 7.2% — the... (Continue reading)

Buyers Rush to Beat Tax Credit Deadline

Real estate professionals report that first-time home buyers are flooding the sale market, pressed to finalize a deal before the federal government’s $8,000 tax credit offer expires on Nov. 30. Because mortgage approvals, residential inspections, and other steps in the... (Continue reading)

Pending Sales of Existing Homes in U.S. Surge 3.6%

Aug. 4 (Bloomberg) — The number of contracts to buy previously owned homes in the U.S. rose in June for a fifth straight month and exceeded economists’ forecasts, as lower prices and mortgage rates attracted buyers. The 3.6 percent gain... (Continue reading)

Sharp Rise in New U.S. Home Sales as Prices Fall

 WASHINGTON (AP) — The government said Monday that new home sales in the United States rose by the largest amount in nearly eight years last month, in another sign the housing market was bouncing back from the worst downturn in... (Continue reading)

FORECLOSURE RISES DESPITE ECONOMIC STIMULUS

The foreclosure crisis continued to grow in the first half of 2009, affecting more than 1.5 million homes, according to a mid-year report from foreclosure listing service RealtyTrac Inc. The report cites a 9 percent increase in total properties in... (Continue reading)

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