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Market Conditions and Outlook
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User rated daily articles on declining and advancing real estate markets, mortgage news, creative owner financing, realty facts, and property owner opinions |
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Slow Sales, Lower Prices: Manhattan Real Estate’s New Reality |
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New Yorkers perhaps are growing accustomed to the new real estate reality -- after years of outrageous prices and bidding wars, the market is drifting back down to earth.
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REOWN.com - Filtering creative real estate news -- getting the juice!
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I’m Into Seller Financing, and I’m Also Into Health - the Alkaline Revolution |
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| This one of those random posts that doesn’t have anything to do with creative financing.
Creative real estate strategies empower you to achieve desired benefits regardless of market conditions, and being alkaline in an increasingly acidic world will empower you to preserve and improve health regardless of environmental conditions.
I like to align my natural passions with [...] |
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Suspect dies after chase - Wilkes Journal Patriot |
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Suspect dies after chaseWilkes Journal PatriotHe said the Griffins were still paying for the property through an owner financing arrangement with owner Terry Taylor of McGrady and that Taylor had ...and more » |
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Planned Manhattan Skyscraper to Help Fix Healthcare? |
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| A group of real-estate developers see a cure for what ails companies in the far flung healthcare industry. It’s a planned 60-story skyscraper in Manhattan called the World Product Centre. |
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Three Reasons Pending Sales Isn’t a Reliable Indicator |
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| The National Association of Realtors is trumpeting a fourth consecutive monthly gain in their report of pending home sales. The index tracks the number of contracts signed on homes, which increased in May by just 0.1% from the previous month. Pending sales are up 6.7% from a year ago. |
| A well conducted meeting is like a music to your ears. Using a well thought out plan, the Chair cues, directs and closes the meeting much like a conductor. Conducting successful meetings doesn't happen by chance. There is a combination of clear purpose coupled with ground rules. Here are some tips that can make your meetings like music to the ears. |
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Home Remodeling Showing Signs of Recovery, Future Looks Bright |
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| Recent surveys and reports show a picture of the home remodeling industry that is a mixed bag of good news and bad. |
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What Kind of Real Estate Market Are We In? - PV Mirror |
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Beware of a ‘Double Dip’ Case-Shiller Decline |
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| The pace of home price declines tracked by the S&P Case-Shiller home-price index slowed for the third straight month in April. But the bloodletting may not be over. |
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Closely Guarded Millionaire Secrets to Invest in "Real Estate ... - 24-7PressRelease.com (press release) |
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The 100 Mile Peninsula: A Solution, A Lifestyle, A Future |
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| Real estate niches can provide new economic jumping-off points for recession-ravaged regions. PJ Wade introduces The 100 Mile Peninsula as a practical re-branding that could inspire other communities. |
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Must Landlords Prevent the Presence of Secondhand Smoke? |
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| We continue to examine the ever-increasing and novel ways in which our legal system makes it difficult to be a landlord. Today's example involves the issue of secondhand smoke and the possible duty of a landlord to prevent tenants and others from being harmed by its presence on the premises. |
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Real Estate Outlook: When Signals are Mixed |
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The key to understanding what's happening for housing and real estate right now is to remember this: In a recovery that's just getting going, don't expect all the economic arrows to point the same way at any given moment.
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Newly Built Shanghai Building Topples Over |
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Our colleague Sky Canaves at China Journal has the story on this alarming photo from Shanghai where a newly constructed building toppled over, killing one worker.
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Buyers: Know What You Need to Know in Making a Contract offer |
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| Be it the real estate market in 2009 or any other real estate market for that matter, the structure of a real estate purchase contract offer can be the difference in it being accepted or rejected. |
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Condo Trends: From Luxury Condo to Homeless Shelter |
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| In a move to ward off foreclosure, a luxury condo developer has turned the units intended to sell for more than a quarter million dollars into a homeless shelter with the help of a New York-based nonprofit. |
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Investor Report: Condo Loan Rules |
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| FHA has come out with its long-awaited rules on condominium loans, and they're a mixed bag for investors, second home and other buyers and sellers. |
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Jones Lang lasalle says nonprofit healthcare providers turn to ... - Building Design & Construction |
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Closely Guarded Millionaire Secrets to Invest in "Real Estate ... - WebWire (press release) |
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Coney Island keeper - Crain's New York Business |
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Coney Island keeperCrain's New York Business“He has gotten a bad rap,” says Chris Havens, head of Brooklyn-based brokerage Creative Real Estate Group. “He wants to build.” The momentum seems to be ...and more » |
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Friday Diversion: FDIC’s Bair Cancels Listing, Shaq Sells in Miami Beach |
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| Here's a look at this week's high-end real estate: |
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Mortgage Rates Mostly Flat Amid Mixed Economic News |
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| Freddie Mac (NYSE:FRE) today released the results of its Primary Mortgage Market Survey (PMMS) in which the 30-year fixed-rate mortgage (FRM) averaged 5.42 percent with an average 0.7 point for the week ending June 25, 2009, up from last week when it averaged 5.38 percent. Last year at this time, the 30-year FRM averaged 6.45 percent. |
| A proxy is a legal authorization for one person to act on behalf of another. It is commonly used in homeowner association Annual Meetings to achieve the quorum required to hold a legal meeting. The normal routine is to mail proxy forms along with the meeting notice and ask that they be filled out and returned to the secretary or manager by a certain date whether an owner plans to attend the meeting or not. While the person designated by the proxy could be anyone of legal age, usually a relative, friend or board member is chosen. |
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Entering the For-Sale-By-Owner World |
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Converting FSBO listings involves a process that, in a number of ways, is similar to working with expired listings. However, there are two key differences between the two areas.
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Leaking Toilet Can Cause More Than Water Loss |
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Leaking toilets result in six billion gallons of water loss every day according to Richard Quintana, founder of AquaOne Technologies. That astonishing figure is a real problem with financial and physical effects.
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Washington Report: Home Valuation Code of Conduct |
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| Fannie Mae's and Freddie Mac's controversial new appraisal rules are now coming direct attack by the biggest lobby on Capitol Hill - the National Association of Realtors. Though the association is saying nothing publicly, officials have confirmed to Realty Times that they are gearing up for a fight in Congress and elsewhere to derail the “Home Valuation Code of Conduct” (or HVCC) for 18 months. |
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Canadians Buying US Property Have Financing Options - Even With REO’s |
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| Seller financing is a great way for foreigners to pick up property in the U.S., as getting a traditional loan can be even tougher for them than us nationals. Usually seller financing is only applied to non-corporate owned properties (i.e. anything besides short sales or REOs), but there are some options when it comes to [...] |
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Craft, Office Spaces 'Leasing Up' on the Waterfront in Sunset Park - Brooklyn Daily Eagle |
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Should We Sell Now or Next Year? When Even ‘Free and Clear’ is Too Much |
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| I recently received this email:
“Dear Dawn,
I saw your recommendations in the Tribune article on waiting for Recovery. My question to you is should we sell our home now or next year?
We bought this home 7/2007 for $950,000. We have spent $150,000 plus. The last project is to have the outside of the house painted, which [...] |
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The Four Branches of Your Sphere of Influence |
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| Columnist Jennifer Allan shares her tips on how to expand your sphere of influence. |
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New Loan Modification, Short Sale Options |
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| New provisions give some homeowners a second shot at a home-saving loan modification, while other homeowners may now be able to take the short sale escape route from foreclosure. |
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A Recession Is A Horrible Thing To Waste |
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| Peter L. Mosca shares an excerpt of an interview with David O. Kingston, Chairman and CEO of Kingston Companies, an Idaho Falls, Idaho privately held group of 25 enterprises with a concentration in real estate development, agriculture, and power generation; Michael Anderson, Founder and co-owner, Nate Hanks, Co-Owner and Blaine Walker, President, all with RealSource in Salt Lake City, a commercial real estate provider of a full menu of institutional level services and products to help the entrepreneurial real estate investor invest well. |
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Moody’s Index Puts Commercial Real Estate at 2004 Levels |
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| The Moody’s/REAL National All Property Type Aggregate Index is out today and finds that the value of offices, apartments, hotels, warehouses and malls have dropped to September 2004 levels. |
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Highland Lakes Reserve Offers Up Huge Savings! - Sun-Sentinel.com |
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Sun-Sentinel.com |
Highland Lakes Reserve Offers Up Huge Savings!Sun-Sentinel.com, FL"This reduced pricing is a great benefit for those looking to make their dreams of waterfront living a reality," encouraged sales manager Jack Sullivan, "but it won't last for long." The best part? Sensible owner financing makes owning at Highland ... |
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What’s With All the Moaning About Home Appraisals? |
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| Lately, mortgage brokers, builders, real estate agents and others in the housing business have been moaning about appraisals. Justified? |
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Lease Option Group Creates Owner Contract Program, One More Way to ... - PR.com (press release) |
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Lease Option Group Creates Owner Contract Program, One More Way to ...PR.com (press release), NYOwner contract, also known as owner financing or "Owner Will Carry" occurs when a home seller finances all or a portion of the sale of his or her own property. This method of purchasing real estate has become extremely popular after the recent credit ... |
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More Biz in a Tough Market: How to Get More Exposure Right Away |
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| Want a real easy way to get more exposure for your business without spending a whole lot of cash? Try publishing an online newsletter to prospects and existing clients. |
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Next Stage of Green Building Industry to Focus on Water Efficiency |
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| Over the next five years, water efficiency and conservation will become critical factors in green design, construction and product selection, according to McGraw-Hill Construction's latest SmartMarket Report, Water Use in Buildings, released in support from The Chicago Faucet Company and Sloan Valve Company. Architecture and engineering (A/E) firms, contractors and owners report that water efficiency is rapidly becoming a higher priority than other aspects of green building, such as energy efficiency and waste reduction. |
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Bob Weinstein’s Manhattan Apartment Listed at $29.75 Million |
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Film producer Bob Weinstein has put his New York apartment on the market for $29.75 million.
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The Mystery Man Who Bought Ed McMahon’s House |
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As Ed McMahon is remembered today for his long career, much of it spent at Johnny Carson's side on the Tonight Show, we at the Developments blog wondered: What would happen to his house?
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‘No Thanks, I’ll Rent’: Shifting Attitudes Toward Homeownership |
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| The long-held belief (some call it a myth) that homeownership is a sure-fire ticket to building wealth and equity might be changing, according to a recent survey from the National Foundation for Credit Counseling. |
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FHFA Data May Signal False Bottom in Housing |
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| The latest U.S. home-price data from the Federal Housing Finance Agency may be a false signal that the housing market is bottoming out. |
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Real Estate Outlook: Housing Starts Are Up Again |
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| The most bearish of Wall Street economic analysts have made the same point for the past 18 months. There's no recovery or rebound in the housing market, they said, until home builders start building again. But last week the Commerce Department reported an unexpectedly large increase in new single family home starts during May - up by seven and a half percent. |
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Green Roofs to be Mandatory on New Toronto Buildings |
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Toronto is the first city in North America to require green roofs on all classes of new buildings. But some in the development industry say it’s the wrong move at the wrong time.
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Rent for Unpermitted Units May Be Uncollectible |
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| One of the things we can count on is that each season brings us court decisions that diminish the appeal of being a landlord. Today’s lesson comes from California’s Fourth District Court of Appeal in the case of Espinoza v. Calva. |
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Are There Sellers Offering Seller Financing in my Area? I Only Need Them to Carry for a Year |
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