How We Got Here . . . .
Wednesday, September 27th, 2006 Posted in Buyer Stuff, Inside Real Estate | No Comments »When "The Fed" dropped short-term rates to an unprecedented 1%, it precipitated the cheapest mortgage money of the past 40 years.That led to creative, new lending practices (interest-only, option ARMs, etc.) which made it easy for borrowers to get into ...
U.S. Housing Slowdown
Tuesday, September 26th, 2006 Posted in About Our Area, Inside Real Estate | No Comments »For the first time in 11 years, prices of existing homes fell in August and the backlog of available homes for sale reached its highest point since the National Association of Realtors® began tracking those statistics.Sales of existing homes in August ...
The Mother Of All Incentives !
Monday, September 25th, 2006 Posted in About Our Area, Buyer Stuff, Inside Real Estate, Seller Stuff | No Comments »Last week, it was Corey Barton Homes new "Live Free" program, offering to pay the first six months of mortgage payments to draw buyers to their subdivisions.This week, it’s Hubble Homes offering buyer agents a $10,000 bonus commission, in addition ...
Appraisal Guidelines Are Tightening
Saturday, September 23rd, 2006 Posted in Inside Real Estate | No Comments »The national real estate slowdown is making it increasingly difficult for appraisers to calculate the true market value of homes.In addition to closed sales, appraisers are now requiring appraisers to consider:Pending salesCurrent asking pricesSupply and demandDays on marketPrice fluctuationsDefaultsForeclosuresLooking at ...
Does “Think Positive” Sell Homes?
Friday, September 22nd, 2006 Posted in Inside Real Estate | No Comments »I have been taking a lot of heat from my colleagues for not "thinking positive" since putting up this blog a week ago.They think I'm "negative" because I'm willing to openly acknowledge the realities of our current Boise real estate market.Sorry, guys ~ I'm ...
