RECENT BLOG POSTS
The most surprising thing about Anna Kournikova's home in Florida? There's no tennis court. Kournikova's home is now listed on the Miami Beach real estate market for $9.4 million; she purchased the Florida mansion for $5 million in 2000. While she's well-known for her tennis playing career, Kourn...
05/17/2011
The guidelines for new mortgages are changing. Everything we take for granted about home loans (and being a home owner) is being debated now in Washington D.C. Its clear that required mortgage down payments will increase along with other key elements that many of us have taken for granted. For ex...
05/16/2011
The National Association of Realtors (NAR) voted to raise dues by $40 starting in 2012 to fund political efforts. This dues increase is called the Realtor Party Political Survival Initiative. How much will if cost you to be a REALTOR(r) in 2012? Starting in 2012 the National Association of Realt...
05/16/2011
New evidence is out from RealtyTrac (and CNBC) that the banks ARE sitting on homes that...in a normal world...would of been long since been sold as REOs. In other words, the ‘Shadow Inventory' is growing.... Nationwide the average defaulted owner is staying in their home, PAYMENT FREE for 400 day...
05/14/2011
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Good news college grads. As you and an estimated 1.6 million of your classmates graduate you'll be facing the best job market for entry-level positions since 2008. According to the National Association of Colleges and Employers (NACE), employers indicate they plan to hire 19.3 percent more gradua...
05/14/2011
Perhaps, one day we will all look back at the past two years and say, "Boy, that was a great time to buy a house - prices were so low, and so were rates." Well, we know the rate part is correct, as for whether we've reached a bottom in home values, the jury is still out. We all keep seeing report...
05/13/2011
Social networking sites have opened a whole new range of opportunities for ethical problems on the job. Inappropriate comments and disclosures are just a few easy keystrokes away and employees have become desensitized to the visibility, 'searchability' and longevity of their online words and imag...
05/13/2011
The primary units that private equity group TPG Capital acquired from MacDonald, Dettwiler and Associates will be grouped together and run under the brand name DataQuick. The units formerly known as MDA Lending Solutions, MDA DataQuick and MDA MindBox will integrate into one entity, with former M...
05/13/2011
Mortgage rates for 30-year fixed mortgages fell this week, with the current rate borrowers were quoted on Zillow Mortgage Marketplace at 4.46 percent, down from 4.53 percent at this same time last week. This is the lowest average rate reported on Zillow Mortgage Marketplace in 22 weeks. The 30-ye...
05/12/2011
Short sales rose from 17% of all sales in Feb to 19.6% of all sales in March and continue to outpace REO's. This is good news for Realtors and homeowners and I take it as an indicator of a couple positive trends. 1. Buyers are more willing than ever to consider short sales as options for them to...
05/11/2011