Archive for May 25th, 2008

Local Market Perspective: Dallas, Texas

Sunday, May 25th, 2008

What a great time to buy! Yes, I know you have heard all the nasty media hype. Just remember BAD news sells papers and good homes find good buyers. Do you have a good home? The market in the Dallas area is doing well and leading the nation with higher values every year. Yes, every year values do go up. Now, I know you’re saying yeah, yeah, yeah. But, the Multiple Listing Service (MLS) does not lie. The numbers do not lie. With all that said, values are up in Dallas, but the number of Metroplex home sales are down. Yes, down. So, what does that mean? Sellers better price your home right and they better be move-in ready for the buyer. Fresh paint, nice carpet and shined up hardwoods if you have them. And do not forget to clean the bathrooms.

Contact Brian Weast or post comments below.

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Local Market Perspective: Corona, Calif.

Sunday, May 25th, 2008

It’s amazing what’s happening in Corona, Calif. Over the last month, I’ve witnessed over 500 properties go into pending status. I’m constantly hearing of agents submitting well above asking price offers on what some may say are above average homes, only to get rejected or beat out by buyer with large cash down deposits. …(read more)

Local Market Perspective: Las Vegas

Sunday, May 25th, 2008

The Greater Las Vegas Association of Realtors reported May 6 that 1,794 single-family homes were sold in April, a 21.4 percent jump over the 1,478 homes sold in March. The sales are 29.9 percent higher than April 2007….(read more)

Local Market Perspective: Cape Coral, Fla.

Sunday, May 25th, 2008

I work with buyers in my area; new jargon and issues are making buying a home more difficult than ever before. It is great to see prices drop. The opportunity to own a home at affordable prices has never been greater, but getting to the closing table is so much more difficult….(read more)

A (Relatively) Few Bad Apples Spoil the Barrel

Sunday, May 25th, 2008

According to the RealtyTrac U.S. Foreclosure Market Report issued today, the total number of properties with foreclosure activity in April reached the highest level on a monthly basis since RealtyTrac began issuing the report in January 2005….(read more)

Fannie: Q1 a Swift Kick in the Rear

Sunday, May 25th, 2008

It may have been created and chartered by the federal government, but Fannie Mae (the Federal National Mortgage Association) is first and foremost a private company responsible to shareholders for running at a profit. And as with many corporations in this country, the national economy is kicking Fannie around…fast and hard!…(read more)

The Trickle Down Effecting High-Tech

Sunday, May 25th, 2008

The prolonged housing slump is having a measurable effect on the overall economy, and not just on home furnishings and housing supply chains (like Linens N’ Things, which recently filed for bankruptcy protection)….(read more)

Local Market Perspective: Dallas, Texas

Sunday, May 25th, 2008

What a great time to buy! Yes, I know you have heard all the nasty media hype. Just remember BAD news sells papers and good homes find good buyers. Do you have a good home? The market in the Dallas area is doing well and leading the nation with higher values every year. Yes, every year values do go up. Now, I know you’re saying yeah, yeah, yeah. But, the Multiple Listing Service (MLS) does not lie. The numbers do not lie. With all that said, values are up in Dallas, but the number of Metroplex home sales are down. Yes, down. So, what does that mean? Sellers better price your home right and they better be move-in ready for the buyer. Fresh paint, nice carpet and shined up hardwoods if you have them. And do not forget to clean the bathrooms.

Contact Brian Weast or post comments below.

(more…)

Local Market Perspective: Corona, Calif.

Sunday, May 25th, 2008

It’s amazing what’s happening in Corona, Calif. Over the last month, I’ve witnessed over 500 properties go into pending status. I’m constantly hearing of agents submitting well above asking price offers on what some may say are above average homes, only to get rejected or beat out by buyer with large cash down deposits. …(read more)

Local Market Perspective: Las Vegas

Sunday, May 25th, 2008

The Greater Las Vegas Association of Realtors reported May 6 that 1,794 single-family homes were sold in April, a 21.4 percent jump over the 1,478 homes sold in March. The sales are 29.9 percent higher than April 2007….(read more)