Gas Prices Affect How Realtors Do Business
August 31, 2008
With today’s gasoline prices, everyone is having to make adjustments in their business. One such example can be seen how gas prices are affecting how REALTORS are doing business
. In this example, the real estate agent is relying on a very old mode of transportation: the bicycle. While this does save some money at the gas pump, it can be a whole lot of work to just see a few homes for sale. This is why its very important to make sure that all the homes scheduled to be seen are within a couple mile radius. Its a great way to stay in shape, be green, and save some money at the gas pumps.
Los Angeles Times is now selling Real Estate
August 26, 2008
In a somewhat surprising turn of events, the Los Angeles Times is now selling real estate. As you will recall, the LA Times recently ended their last Sunday real estate section of their newspaper. Now, they are running an auction site for the sale of distressed real estate. The first homes that will go on the block are slated for September 27 and 28 and will cater to bank owned and home builder owned real estate. It appears to be a (desperate) way for the newspaper to attempt to generate some profit with the declining revenues that they are receiving. The online auction company is called Zetabid.
Investment Real Estate Market is now Declining
August 25, 2008
For many parts of the country, investment real estate was the one bright spot in an overall sluggish industry. Now, it appears that the investment real estate market is now declining. The renters that would be occupying the units in apartments, and other multi-family dwellings, are now moving in with friends or family, to help save costs from a slowing economy. This has resulted in vacancies in a lot of multi-family dwellings. A lot of this can be tied to job losses. Persons may have lost their homes due to a foreclosure, but now the economy is causing some of them to lose their jobs as well – the result is that they end up having to move in with friends or family instead of living in their own home. The one positive is that this has created some activity with many real estate investors selling their inventory to other real estate investors.
Most Affordable Homes in America
August 21, 2008
In the real estate affordability news, Indianapolis Indiana is the most affordable homes market Closing the Ring ipod Broken Windows divx The Libertine dvdrip Panic the movie Highlander II: The Quickening
in the United States. The average homes price for the city was at $108,000 for the 2nd quarter 2008. This average homes price is down sharply from a value of $122,000 for the same time last year. And if you add in the additional consideration of the average household income for the area of $65,100 – this means that approximately 91.6% of the citizens in the city are able to afford to purchase a home in this area. And just for reference: New York is the least affordable city in the USA.
Real Estate Appraisers Under Investigation
August 18, 2008
It had to come sooner or later, but now real estate appraisers are under investigation
. Why you may ask. Quite simply, real estate appraisers are supposed to determine a homes value without any outside pressures that would skew the numbers to “make a deal happen”. But, all too often, some unscrupulous real estate agents or mortgage loan officers pressure the real estate appraiser to make sure that the home is sufficiently valued to ensure that the deal happens. Some persons are calling for a complete reform of the industry and methodology utilized currently to police and monitor the situation.
Government Investigates Real Estate Incentives
August 17, 2008
With the real estate slow down nationally, many persons that had homes to sell began offering various incentives to prospective purchasers to get their homes sold. Now, the government is investigating those real estate incentives
. Some incentives under scrutiny include “free” cars, tuition assistance, and even cold hard cash. The FBI is checking as to whether those contributions and incentives artificially created an increased value in the value of the home which would in turn result in an inflated mortgage on the property.
Russell Shaw – An interview.
August 16, 2008
REPORTER’S NOTE: There are many people that we can interview for Real Estate Industry Watch. There are very few as colorful, fun and most important, as successful and experienced as Russell Shaw. REIW’s Eric Blackwell caught up with Russell (via phone) at the Star Power Seminar in Orlando Florida. This has been my favorite conversation to date.
Russell Shaw is a real estate success story. He and his team have closed over 500 sides in a single year. They year over year continue to be among the best of the best in the real estate business. His experience is proven and his smarts come from the street and years of experience.
Read more
Commercial Real Estate Slowing Down
August 11, 2008
Some initial reports are in that indicate that commercial real estate is slowing down. This can primarily be tied to 2 contributing factors: tightening credit, and an overall economic slowdown resulting in less demand for commercial spaces. As a result, many commercial real estate developers are pulling back on their current developments, and are either putting them on hold – or phasing them out altogether. One interesting twist to this, is that some very wealthy real estate investors are seeing this as an opportunity to tap into their credit, despite the market conditions, to expand and make some purchases that they feel will pay off in the long run. They view it as a temporary slow down – and the the economy, real estate market, and the US Dollar will all bounce back.
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Real Estate Agents Using Blogs To Sell Homes
August 11, 2008
Interesting story showing how 4 real estate agents are using blogs to sell homes
. Blogs are really coming into their own in selling real estate and getting homes sold. They help provide an alternative to connect to the consumer beyond the traditional real estate website. The article also goes into detail on how to help get your blog known and out there so people know it exists by interacting with the online community.Born on the Fourth of July movie download
Vacancies in Homes Hit All Time High
August 3, 2008
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