Zillow on Tuesday released their quarterly report, referred to as a Zindex. OK, so what’s a Zindex? The Zindex home valuation index is the median Zestimate valuation for a given geographic area on a given day. According to their report: Nearly 16% of Homeowners Who Bought in the Past Year Have Ne
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11/21/2007
The big NAR convention has ended and many of the participants have headed home. The industry is still amidst the slow down, the likes many have not observed in years. So one would surmise that those that did attend the Las Vegas gala, are doing pretty good or they are on their last dollar and loo
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11/19/2007
I wrote about this last week shortly after this bill was introduced. I mentioned that the Mortgage Industry was all up in arms about this particularly the provision on yield spread premiums paid to mortgage brokers. I had several comments from readers that were a bit offed by my posting. I just w
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11/17/2007
The press is a buzz with the news that Zillow has signed a deal with 11 major publishers that equates to 282 Newspapers. With the new arrangement, real estate ads placed with these news papers will automatically get placement on Zillows web site. I say so what ? While this may be good for Zillow
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11/17/2007
BEAUTIFUL 2 STORY TOWNHOME in North Pinellas County **RECENT PRICE REDUCTION** NOW $389,000 Property Details Beds 3 Baths 3 Stories 2 SQFT 2200 Covered Parking 2 Year Built 2001 HOA Fees 1050.00 MLS Number T2255356 Description: LOVELY 2 STORY TOWNHOME at Lost Oaks in a gated community in the Hea
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11/14/2007
NAR's CEO Dale Stinton was recently interviewed by Inman TV and had some interesting points on NAR's future and what that would entail for both Realtors (Trusted Advisers) and consumers. Areas covered included: Articulating the Realtors Value Technology changed perception Role for NAR Is NAR the
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11/12/2007
How many people caught NAR’s full page add in the St. Petersburg Times on Sunday ? If you missed it, go back and look at Page 13A. This is the large headline of the Ad. “Buying a home is a great way to build long-term wealth.” “There are some other important dividends, too. “ While the subject m
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11/12/2007
There was an interesting post today on the Inman Blog titled, "Who's spinning whom?" that was digesting a recently written article by Dian Hymer, "Is buying a home today a good investment?" Hymer is a veteran agent in the San Francisco East Bay and has been writing a syndicated column for Inman N
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11/09/2007
The Mortgage Reform and Anti-Predatory Lending Act of 2007 better know as HR 3915 passed through the U.S. House Committee on Financial Services this week. This new legislation passed by a 45-19 vote. Ok so what does this mean for the Real Estate industry as a whole and does it fix or correct the
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11/08/2007
There has been some talk in the markets over the last few days of a change in Jumbo Loan Markets. The information I have is via mumblings from some of the Mortgage contacts we have, but nothing concrete as of yet. The only thing I could find on a search was with regards to the California Market
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11/06/2007