Top 10 real estate posts of the day for 11/18/2009

1) What exactly is title insurance? – Title guru Bill Risser explains title insurance in a way the general public can understand it.

2) $8000 tax credit tax fraud – Where there is free handouts there will be fraud. Close to 100,000 people have claimed the tax credit when they were not eligible.

3) How short sales affect your credit and other ramifications – Is a short sale going to have an impact on your credit score?  You bet.  How much? Well that depends.

4) Who are the voices in commercial real estate? – In commercial real estate and all you can find is residential blogs? This guide will help.

5) Homeowner confidence out of whack – But can you blame them? – Homeowners are optimistic about the value of their homes over the next six months, and only half of homeowners think their value dropped in the last year. During the last year 74% of homes dropped in value.

6) Want up to 350% more traffic? Add photos – If you want people to take a look at your listings, put up photos, and it appears by Zillow’s research the more photos the better for traffic.

7) Understanding the Internet buyer, NAR 2009 – Interesting video on Internet buyers, but watch out it will crash your Firefox browser, works fine in Chrome.

8 ) I am pretty sure this is how appraisals are performed now – We recently had one house, two appraisals, two different appraisers and the valued were 24% off. Yea, I’m thinking there may be something to this post.

9) How to plow deep while sluggards sleep – Ken Brand takes a look at 2010 and how you can jump start the year right now. Be prepared now for next year, low interest rates, low prices, extended tax credit all lead to potential. One of the keys is know what questions may come up at holiday parties and be ready.

10) How real estate investors really get done – Attn: newbies – If you are new to investing this blog is a must read, and here is a good place to start.

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Top real estate posts of the day for 11/16/2009

1) Realtor Property Resource (RPR) & you – A call to action – It’s been a fun week in the real estate community thanks to RPR, this won’t be the last day it dominates the top posts. Here is a video from Greg Cooper asking for input.

2) In which I announce the death of RPR – Rob Hahn has been in the forefront of the RPR discussion for the past week and has been a must read. Here he talks about how RPR may never likely get off the ground if the MLS companies do not play ball.

3) Liveblogging Dale Ross and Marty Frame presenting RPR to the MLS Executive Session – Not able to attend NAR and get the blow-by-blow, Rob took care of it for you.

4) Home energy audit finds holes in home – Want to save money? Find out where your home is being inefficient.

5) 33 quality touches for real estate agents – Ever read Gary Keller’s book “The Millionaire Real Estate Agent” and think touching someone 33 times in a year may be overkill? Here is a way to do it with today’s modern technology.

6) Middle-market is next home segment to improve – Does the start of the new $6500 tax credit for move up buyers mean the mid-priced homes are the next to start to rebound?

7) 2009 National Association of Realtors profile of home buyers and sellers just released – Everything you always wanted to know about buyers and sellers in 2009, including 90% now start their home buying search online.

8 ) Video gets real estate agents more listings: WellcomeMat report – Video is overtaking photos as the thing consumers want to see.

9) New tool to estimate closing costs when selling your home – Want to understand how much money you may need to bring to closing, this will give you a good estimate.

10) Jumbo loan modifications: The role of mortgage insurance – Justin McHood gives you a better understanding of Jumbo loans and mortgage insurance.

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Top 5 real estate posts of the day for 10/1/2009

1) Are mortgage rates going up or down? – Dan Green thinks they will remain unchanged for the next month, as do half the people asked for the survey.

2) Think price doesn’t matter? – A look at what happened in a local market in one day and how price may have something to do with it. This was not the only post in the last 24 hours on price matters.

3) Is your Realtor a bully? – Should you hire a bully real estate agent?

4) No way has housing bottomed, says David Leavy – Despite three straight months of housing price increases, forecaster David Leavy says housing has not bottomed yet.

5) Buyers/sellers: What does few foreclosure/bank-owned properties on the market mean to you? – Bank owned foreclosure inventory is down in a lot of places, that means different things to buyers and sellers?

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Top 5 real estate posts of the day for 9/9/2009

1) Don’t hate me because I’m a real estate agent – A look at one reason the general public may not like real estate agents. Russell Shaw has a great response in the comments section.

2) Economists see housing bottom by 2010 – Most economist seem to agree the housing bottom is getting close if not already here.

3) How to calculate your mortgage payment using spreadsheet formulas in Excel, Numbers and Google Docs – Dan Green shows you how to set up a spreadsheet to run monthly payments.

4) Understanding the short sale addendum or SSA – A closer look at the short sale addendum and how it effects buyers and sellers as it appears in California, your state may be similar or completely different.

5) Even though much of the current real estate “news” is really just hype, there can still be food reasons for you to be in the market – Greg Swann takes a look at how the market may be on an artificial high because of the $8000 tax credit.

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Top 5 real estate posts of the day 7/28/2009

1) The Case-Shiller Index sends a message to would-be home buyers: Buy now or risk higher prices – The Phoenix housing market is not the only place prices have been going up recently.

2) Chicago’s Horizon Realty Group sues former tenant over a Twitter post – From the “What were they thinking” category.

3) Is a short sale better than foreclosure? – What a loaded question, but in this post she looks at how it will effect your credit record.

4) More on dual agency – Kris Berg’s take and Jonathan Dalton’s

5) Are you interested in buying a short sale? Ask yourself a few questions first – These have been done before, including on this blog, but this is always a good thing to review.

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Top 5 real estate posts of the day 6/22/2009

1) Housing is local – As a former political operative and politician one of my favorite books was by former Speaker Tip O’Neil called All Politics is Local. In the real estate it’s the same thing and here are two posts that prove it. Housing recover yet to emerge and Median sales prices on the rise.

2) Short sales: Who picks the price: If you are a buyers agent you need to know how short sales work from the other end so you can explain the process to your buyers.

3) FHA spot approvals are on their death bed – If you are looking for an FHA loan on a condominium the building needs to meet certain FHA requirements, such as occupancy rate. If the building does not meet certain criteria then you can always ask for a spot approval for that one unit, but now Kris Berg explains how that is about to change.

4) The problem with agents: They’re not selfish enough – Makes you think of the Gordon Gekko Greed is Good speech, but it really has nothing to do with that. Time is what Sean is talking about here.

5) Showing agent feedback: Faux Paus or KumBaYa? – Any of us who have have shown a few houses have been asked for feedback either directly from the agent or through an email system. I never really thought much about it and if we should fill out that feedback. This post gets you thinking.

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Top 5 real estate post of the day for Tuesday 6/16/2009

Top 5 real estate posts of the day 6/16/2009 [Read more...]

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Top 5 real estate posts of the day – Monday 6/15/2009

Top 5 real estate posts of the day for 6/15/2009 [Read more...]

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Top 5 real estate posts of the day – Wednesday 6/10/2009

Top 5 real estate posts of the day for 6/10/2009 [Read more...]

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Why Arizona’s housing market will bounce back faster than the national average

Phoenix at sunset

Phoenix at sunset

The Arizona housing market has taken a hit over the last 18 months, but don’t expect it to stay down for long. The main reason? Supply and demand.

Those three words dictate prices, no matter the product. Arizona may have a plentiful supply of housing right now, but we are still growing faster than the national average. With growth will come more families looking for homes to live in. Since 2000 only California, Texas and Georgia have added more new residents than Arizona and only Nevada has had a higher percentage increase over the last decade.

The rate of growth in Arizona was 2.3% this year over last. While that is down from 2.8% the year before, it is still much higher than the national average of under 1%. More than 86,000 people moved into Arizona last year from out of state.

I have been talking to a lady this week who is looking to relocate here after the first of the year from Oregon. And who can blame her when it is in the upper 50′s and sunny two days before Christmas. With a continued influx of new residents to likely continue, look for the market to bounce back here more quickly than many areas of the country.

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