As we continue to grow and expand the services offered to our fans and customers, we are pleased to announce the addition of our monthly newsletter. To be added to our mailing list (regular mail or email) please send me your name, address & email address. For security reasons, please do not post in the […]
Adding Energy Costs to Underwriting S...
The Boston Herald has released a story (read story here) about legislation that was introduced on Oct. 20 by Senator Bennett and a Republican from Georgia that would require Fannie Mae, Freddie Mac and FHA to add energy costs into underwriting standards. This will impact a Buyer’s ability to qualify for a loan just like […]
Foreclosures – What is Happenin...
There are so many housing stats being reported in the media that it’s hard to know what is real and what is fluff. I have some information and local insights that might help a bit. What we have seen locally is that distressed inventory is down. Those bank owned properties at $150,000 and below that […]
3rd Quarter Sales Results
It is time again for the real estate sales statistics for Eastern Colorado. The 3rd quarter one again presented us with some interesting information. The recent statistics are being presented via video. I hope you find the presentation helpful. The video is a little over 5 minutes long. Feel free to fast forward to the […]
Loan Limit Changes Imminent
Barring action by Congress, the loan limits on government backed loans will be reduced on October 1st of this year (2011). FHA loan limits were raised in 2008 in response to the housing crisis. The limits in Adams, Arapahoe & Elbert counties was raised to $406,250 (www.fha.com/lending_limits_state.cfm?state= Colorado). Lender and REALTOR ® organizations […]
Home Owners Overpricing Homes
A report was just released by Zillow that shows homeowners who bought their home after 2007 are pricing their homes an average of 14.3% higher than market value. Zillow compares this overpricing phenomena to homeowners who bought between 2002 and 2006. These homeowners are pricing their homes an average of 9.3% above market value. While […]
How Can Technology Benefit Realtors®?
This week I attended the Inman News Agent Reboot conference in Denver. This one-day conference is advertised as a conference that will help you put technology to work for you and will show you how to become the best agent you can be. I have spent good money to go to similarly advertised conferences only […]
Foreclosure Slowdowns and the Truth
This post has been marinating for a couple of weeks. I have been reading about the foreclosure slowdown, researching the how & why and then trying to decide if I should post the results. What I have found is important for all Realtors® and consumers to know. According to recent data, foreclosure filing have hit […]
Dodd-Frank, Real Estate, Home Buyers ...
With all this talk about financial reform, politics and the Dodd-Frank bill, is there really an impact on the real estate industry and homeowners? It certainly sounds like the Dodd-Frank bill only impacts the ugly, nasty lending industry. As with all things, the problems with the mortgage industry and housing market cannot be blamed on […]