Archive for October, 2009
U.S. Home Prices Appear to Have Bottomed Out
October 28th, 2009 Categories: Real Estate News
U.S. home prices appear have to scraped a bottom, with a leading national index showing three consecutive months of gains this summer.
The Standard & Poor’s/Case-Shiller index of home prices in 20 metropolitan areas showed a 1% increase in the seasonally adjusted median price of homes from July to August. The index has posted month-to-month gains since June.
“I think we have reached some kind of bottom,” David Blitzer, chairman of S&P’s Index Committee, said. U.S. home prices continued to decline in August, falling 11.3% when compared to the same month a year earlier, though not as steeply as past months, according to the data released this morning.
From the L.A. Times <a href=”alejandro.lazo@latimes.com”>alejandro.lazo@latimes.com</a>
For the rest of the story click here.
The Valerie Fitzgerald Group specializes in luxury residential real estate in Beverly Hills, Bel Air, Brentwood, Santa Monica and Malibu. Valerie has more than 20 years of real estate experience and is known for her solid reputation in the West Los Angeles brokerage community. She’s also the author of Heart and Sold: How to Survive and Build a Recession-Proof Business.
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Home Buyers Returning to the Real Estate Market
October 26th, 2009 Categories: Real Estate News
Consumers have been increasingly flocking to the real estate market in recent months, driven by improving economic conditions and a popular government tax credit.
The latest figures from the National Association of Realtors show that existing home sales were strong in September, which means that conditions have improved for five of the past six months. Last month, sales were up 9.4 percent from the level recorded in August, and also 9.2 percent higher than the figures recorded in September 2008.
“We’re getting early indications of price stabilization, but we need a steady supply of qualified buyers to meaningfully bring inventories down and return us to a period of normal, steady price growth and to fully remove consumer fears, which would then revive the broader economy,” said NAR chief economist Lawrence Yun.
From Credit.com
Read the rest of the story at Valerie Fitzgerald Group.
The Valerie Fitzgerald Group specializes in luxury residential real estate in Beverly Hills, Bel Air, Brentwood, Santa Monica and Malibu. Valerie has more than 20 years of real estate experience and is known for her solid reputation in the West Los Angeles brokerage community. She’s also the author of Heart and Sold: How to Survive and Build a Recession-Proof Business.
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Join Valerie Fitzgerald Thurs, Nov 5: Marketing with Social Media
October 22nd, 2009 Categories: Real Estate News
Valerie Fitzgerald is pleased to announce the next segment of her Heart and Sold Mentoring Program. Thursday, November 5, 2009 – 9:00 a.m. PST – Marketing with Social Media On this call you will learn how Valerie is using social media and how you can:
Valerie will share the success she’s had using FREE social media tools like Facebook, Twitter, and LinkedIn. She will explain how she incorporates the maintenence of social media into her day and what loop holes to stay clear of.
***With special bonus call with Lisa Loeffler of Genuine Media*** Tuesday, November 10th @ 9:00 a.m. PST Hear from the person guiding Valerie’s on-line social media success! Lisa will tell you the best tested strategies and things you need to be doing, today, to increase you visibility, productivity, and efficiency.
This program is an authentic transformative mentoring experience designed to help you move your business forward using proven strategies that are effective and efficient that Valerie has developed and implemented over the last 20 years. For the rest visit Valerie Fitzgerald Group.
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Seeking Real Estate Bargains? Try Looking at the High End
October 15th, 2009 Categories: Buying a Home
Falling real estate prices are becoming as much a feature of high-end neighborhoods as ocean views, infinity pools and four-car garages.While the latest data suggests prices for mainstream homes may be stabilizing after several years of pain, the news for luxury homes isn’t looking as good. That’s bad news for sellers, naturally, but anyone in the market for a home listed for $2 million or more will find deeply discounted asking prices—and may be able to command even lower prices.Last week, data from the Federal Housing Finance Agency showed that average home prices ticked up 0.3% nationwide between June and July, including a 1.6% bounce on the west coastThe gains are modest, and they are partly influenced by the season—higher-end homes tend to sell better in late spring and early summer, as families try to move before the school year. Analysts are disappointed the rise was not higher.Read the rest at The Valerie Fitzgerald Group. The Valerie Fitzgerald Group specializes in luxury residential real estate in Beverly Hills, Bel Air, Brentwood, Santa Monica and Malibu. Valerie has more than 20 years of real estate experience and is known for her solid reputation in the West Los Angeles brokerage community. She’s also the author of Heart and Sold: How to Survive and Build a Recession-Proof Business.
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Top 20 tips for Making Offers on Freddie Mac/Home Steps REO Properties
October 7th, 2009 Categories: Buying a Home
Author: Winston Westbrook
In today’s challenging real estate market where 30 offers on homes out here in Victorville, CA is the norm, (and I’m sure the same applies all over the United States) we need every little bit of information to help our offers stand out from the crowd.
I have made countless offers on REO properties including Freddie Mac deals, and these tips reflect my experience in dealing with them. These are the things that Freddie Mac always counters with and always wants flat out.
When making an offer to purchase a Freddie Mac or Home Steps owned property you should try and follow these guidelines to help your offer stand out from the crowd and help you save a day or two in negotiations with them.
To read the rest of the story click here.
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