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Housing Real-Estate Recovery Signaled as Fed Unwinds

March 15, 2010, 1:50 PM EDT - By Kathleen M. Howley and Rich Miller


March 15 (Bloomberg) -- The U.S. housing market is poised to withstand the removal of government and Federal Reserve stimulus programs and rebound later in the year, contributing to annual economic growth for the first time since 2006.

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Top Ten Most Effective Agent Marketing Strategies - Internationally

Top 10 Most Effective Agent Marketing Strategies Internationally - from the Global Edge 

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LANDMARK DEAL CREATES INTERNATIONAL MLS

A landmark agreement is to create an international multiple listing system (MLS) for Central America, bringing the concept of a genuinely global listings exchange a step closer.

Through a deal with real estate technology provider Immobel, the Central American and Caribbean real estate association, FECEPAC will make its members’ property listings available online through consumer portals and allow foreign agents to display them on their websites.

Immobel, which already offers a listings exchange service between 

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    New life in the big city as condos filling up

    MIAMI – March 12, 2010 – Out of the ashes of the downtown Miami condo collapse, a bright spot is emerging: a community of full-time residents slowly starting to turn the area into a 24/7 city.

    A new study by the Miami Downtown Development Authority, in partnership with Goodkin Consulting/Focus Real Estate Advisors, has found that 74 percent of the 22,079 urban condominium units built since 2003 are occupied.

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    Getaways – 5 Tips for Finding Hotel Deals in 2010

    RISMEDIA, March 12, 2010—(MCT) - By Jane Engle —Penny-pinching travelers got a great ride in 2009—U.S. hotel rates last year fell nearly 9% on average. But fasten your seat belts: 2010 may be rougher going.

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    Launch of TweetMeHomes.com Aggregates and Distributes Local Real Estate Listings Through Twitter and Mobile Devices

    The March 1, 2010 launch of TweetMeHomes offers a one-stop solution for both real estate agents and home buyers on Twitter. Home buyers can now track the latest real estate listings and homes for sale by city, and receive the new listing alerts through Twitter and mobile devices. Realtors can easily distribute their listings on Twitter to home buyers looking in a specific city or metro area.

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    Monday Morning Mobile: The Meetings of the Moment

    RISMEDIA, By Seth Kaplan - February 22, 2010—During the last four weeks we have looked at the evolution of the cell phone from a functional utility to a cultural phenomenon and discussed how over the course of the last 10 years we have gone from struggling to find a cell signal to sending hundreds of billions of text messages per month. Our mobile devices never leave our side and the evidence shows that has caused a shift in the way we communicate—making mobile truly the medium the of the moment.

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    Tax credit has Realtors’ phones ringing as deadline looms

    TAMPA, Fla. – March 9, 2010 – Kim and Al Langevin were ecstatic Friday to close on a new home in St. Petersburg. And they’re pretty excited, too, about thousands in government money they plan to use to spruce up the house.

    The Langevins are among a growing number of buyers rushing to find a home in time to cash in on the federal government’s tax-credit program. The couple, who moved from Lakeland, is eligible for up to $6,500.

    They plan to put the money toward a swimming pool.

    “We were worried we wouldn’t be able to close on time,” said Kim Langevin.

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    Pending Home Sales Down; Severe Weather Impacting Market

    Pending home sales are down and additional declines are expected from abnormal weather conditions, according to the National Association of Realtors®.


    The Pending Home Sales Index,* a forward-looking indicator based on contracts signed in January, fell 7.6 percent to 90.4 from an upwardly revised 97.8 in December, but remains 12.3 percent higher than January 2009 when it was 80.5.

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    Giant bank, giant struggle: Foreclosure-assistance pipeline clogged for Bank of America

    NEW YORK – March 5, 2010 – Two years after swallowing the troubled mortgage giant Countrywide Financial, Bank of America trails other major U.S. lenders in resolving troubled home loans through short sales or modified loan terms.

    The lender, one of the nation’s biggest banks, holds more than a million mortgages that are months behind on their payments – twice as many defaulting home loans as any other lender in the country.

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    Boomers ready for retirement housing

    NEW YORK – March 5, 2010 – According to John Migliaccio, director of research for MetLife’s Mature Market organization, more than 78 million baby boomers, born between 1946 to 1964, will reach age 55 over the next 10 years.

    He and other trend spotters believe this dominant group of homeowners will lead the industry out of its slump.

    Baby Boomers approaching retirement continue to be interested in buying into active-adult communities, but their moves are slowed due to a decline in the value of both their retirement savings and their current homes.

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    Fixer-upper financing from FHA

    WALNUT CREEK, Calif. – March 4, 2010 – The word “as-is” can indeed be one scary phrase. Especially when buying a home in today’s market where foreclosures and short sales that need fix-up work are plentiful.

    But a little-known Federal Housing Administration loan program that’s been around since 1978 can help take the sting out of “as-is.” Only a small number of homebuyers took advantage of the FHA’s 203(k) program in 2009.

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    Miami-Dade Pending Real Estate Sales Spike 9 Percent in One Month

    Positive Effects of Tax Credit Evident

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    Nine tips to sell your home in 2010

    WASHINGTON – March 3, 2010 – Signs of a recovery in the real estate market indicate this may not be the “Winter of your Discount Tent.” Home sales, value and mortgage applications have risen slightly as mortgage rates stand at a historic low.

    This slight glimmer of positive news is offset by estimates that about 48 percent of all U.S. mortgages will be underwater by 2011. Foreclosures and short sales continue to plague the market, keeping a lid on home prices. As a result, 2010 will continue to be a buyer’s market.

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    Online Marketing: The ‘Silver Bullet’ for Internet Success

    Great article by Mike Parker that I wanted to share today:


    RISMEDIA, March 3, 2010—Everyone wants to somehow profit from the Internet. These days – with 80+% of all homes sales beginning on the Internet, the ‘wants’ has changed into ‘must.’ Any agent who is not making a significant percentage of their sales from Internet activity is missing out on more commissions than they can imagine as well as continuing up that traditional methods trail that surely is becoming a dead end.

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    Spend a fabuolous weekend in the Grove - Cococnut Grove Arts Festival 2010

      


    Coconut Grove Art Festival



    www.coconutgroveartsfest.com
    3390 Mary Street
    Coconut Grove, FL 33133-5252
    (305) 447-0401
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    Happy Valentines Day

    Happy Valentines Day - For everything you ever wanted to know and more about Valentines Day: http://bit.ly/akEIBd

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    Miami Home Sales Increase 50 Percent in the 4th Quarter

    RAMB Launches Campaign and Creates Positive Outlook for Local Market

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    Miami-Dade Pending Real Estate Sales Increase 3.5 Percent in One Month

    First-time Buyers and Existing Homeowners Reap Tax Credit Benefits

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    Miami Existing Home Sales Increase 53 Percent Year-End 2009

    Homebuyer Tax Credit Deadline Nears

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