I erased yesterday's three podcast attempts, but this one will stick - new pendings: Friday Wrap Jan. 27th (mp3)
Friday Wrap
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Month: January 2012
Treasury Backs Principal Reduction
Thank you taxpayers! From HW: The Treasury Department will triple payments to mortgage investors for reducing borrower principal through an expanded Home Affordable Modification Program announced Friday. Officials announced several critical changes to HAMP, including...
Potential for Squishdown
Where are the most stubborn sellers, price-wise? NSDCC active detached listings by price range: Actives 0-$700K $701-$1.2 $1,200,000+ # of listings 203 329 573 LP Avg $/sf $293/sf $364/sf $805/sf Avg. DOM 73 88 154 Last year there were 646 closings over $1,200,000, at...
Third-Party Advertising
This long-time local broker is fed up with the 3rd-party real estate websites using our listings to make money. It must be big money too, because there are now over 900 websites that advertise properties. These websites (Zillow, Trulia, Realtor.com, etc.) are selling...
Mortgage-Fraud Plea Bargain
From Kelly Bennett at the voiceofsandiego.org: This time three years ago, we were working on an investigation into why more than 80 condos in North San Diego County fit an odd pattern of extravagantly high purchase prices and near-immediate foreclosure. Today, the man...
Stale-Listing Tips
From Trulia: In today’s market, most listings aren’t instantly flying off the market. While we all know price is one of the most important factors in the sale of a home, there are other factors they can improve the saleability of your listings. Here are a few tips to...
Jim the Realtor Podcasts
There is a new button in the right-hand column - PODCASTS >>>>>>>>>> The purpose: To offer a proactive way for clients to stay informed/involved with the market. To provide data in a different format that could be more attractive to some....
Obama To Squeeze Buyers
CR outlined on his show how the Fannie/Freddie HAPR refinances will escalate in March when they change to automated underwriting, and loosen the guidelines by not requiring appraisals or income verifications. See more details here:...
Portal 2
The videos have purpose - I'll keep showing ones like the previous video that document the frenzy - but others like this one to demonstrate home-improvement ideas. This house is in the flight path for Lindbergh Field, and has been retrofitted to reduce noise:
Loan Underwriting Is Normal!
Click here: Realtor survey - scroll down to page 14 for comments from agents about the market. Here are the garphs from page 10 - the realtors surveyed say that most homes sold have languished on the market for more than three months - which shows how bad realtors...
