Top 10 real estate posts of the day for 12/9/2009

1) Congress Screams Bloody Murder About HAMP Program – Lani to answer your question it is ironic not noble. I just did a quick search and couldn’t find it, wish I could find the video of him leading the effort to make home ownership “more affordable to more Americans.”

2) Roost.com Expands Into Eleven New Metro Regions – Here they grow again. Roost is quickly becoming one of the leaders in home search and IDX solutions.

3) JPMorgan: 200,000 HAMP Mods Offered, Only 2% Permanent – For those of you so psyched about the new short sale program recommendations I hope you are paying attention. I predict the success rate of those will be somewhere around the same as this joke of a program.

4) Mortgage Myth Busted : Mortgage Rates Don’t Take The Elevator Up And The Stairs Down (At Least Now, Anyway) – Strange how some myths sound great, but when analyzed with data just do not hold up.

5) Career Loyalty and Longevity, Do You Have What it Takes? – Congrats to Lesley Lambert, 20 years as a Realtor. Lesley shares why she has lasted so long.

6) Would you like my 2010 Calendar? – Are you an agent that likes to do calendars? Well here is a different take on it, using local pictures of the community that you take.

7) Trulia’s December Price Reduction Report – Home Price Reduction Levels Drop to 2009 Low – According to Trulia’s data 22% of U.S. homes on the market as of 12/1/2009 have had at least one price reduction, which is the lowest number since April 2009.

8) Real Estate Brokerage Websites – I Don’t Think We Are In Kansas Anymore – One broker looks at why blogging is such an important part of a web strategy for any broker.

9) Modifications are Failing…. (More on the Acronym Soup) – More reasons why the loan modifications are failing. I should consider doing a post on this too. I have been in the homes of people trying to help them get loan modifications to become permanent and some of the stories I have are amazing. I had one who had been working on it for two months, had sent in all the paperwork back in September and then late November they were told they had to start all over again at the beginning with another department because the bank had changed the way they handled process. Not that the lender would transfer the paperwork to the new department, they had to start all over again at square one. Redonkulous.

10) [Altos Research/Real IQ] November 2009: Listing Prices Down In 25 of 26 markets – Real time market stat updates on your site? I have been holding off jumping onto the Altos bandwagon. This may get me to jump.

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Top 5 real estate posts of the day for 8/19/2009

1) Will Realtor.com be required to be a VOW? Should it? – Should Realtor.com have to play by the same rules as others? Some really good points in the discussion below the post too.

2) Signs the recession may be ending: Banks get semi mortgage-friendly – Banks may not be tightening their lending guidelines over the last few months, but that doesn’t mean they are loosening them either.

3) Study says homes in more walkable markets get higher prices – Does this surprise many? Location. Location. Location. Also more walkable locations will typically be in bigger cities, again leading to higher prices. But it is interesting, and looking at walkable scores is also an interesting idea too.

4) Ten have-to-haves for real estate agents – I am not sure I agree with all of these, but some good ideas in here making it worth a read.

5) Dear client – you’re fired – Real estate agents firing clients? Yup, sometimes it just needs to be done!

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Top 5 real estate posts of the day – 7/9/2009

Top 5 posts of the day for 7/9/2009 [Read more...]

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Top 5 real estate posts of the day – Thursday 5/7/2009

I am adding new blogs to my RSS feeder every day, if you want to make sure I have yours please shoot me an email or leave a comment below. Click below for today’s Top 5. [Read more...]

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Tempe condo numbers for March 2009, Tempe luxury condo market slow

Here are the market numbers for the Tempe condo market in March 2009 and how they compared to February 2009, March 2008 and the past year average. To say the Tempe luxury condo market is a little stale is an understatement.

  March 08 February 09
March 09 Past Year
Sold 10 6 4 100
<$350K 9 6 4 78
>$350K 1 0 0 22
Low $ $100,000 $73,000 $70,000 $70,000
Avg $ $216,480 $113,216 $127,952 $228,164
Median $ $186,000 $103,700 $88,278 $169,450
High $490,000 $180,000 $265,250 $1,098,827
Avg DOM* 81 156 96 101

* Average days on market for condo units before sold.

How long has it been since a Tempe Condo sold for over $350,000? THe last one was a $355,000 condo at the Northshore Condominiums in mid-January. To Find a luxury condo in Tempe that sold fore over $500,000 you need to go all the way back to early August when a unit at the Edgewater Hayden Ferry Lakeside complex closed for $600,000.

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Tempe condo market numbers for February

A little late, but as they say, better late than never. Here are the market numbers for the Tempe condo market in February 2009 and how they compared to January 2009, February 2008 and the past year average.

February 08 January 09 February 09 Past Year
Sold 7 7 6 110
<$350K 4 6 6 86
>$350K 2 3 0 24
Low $ $120,000 $79,500 $73,000 $70,000
Avg $ $469,949 $169,429 $113,216 $231,198
Median $ $162,000 $130,000 $103,700 $174,500
High $1,166,368 $355,000 $180,000 $1,098,827
Avg DOM* 35 102 156 100

* Average days on market for condo units before sold.

The numbers that really jump out are the DOM and average price. There was a lack of luxery Tempe condo sales in February which hurt the overall numbers.

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