Altos: Critics Are Wrong About Where Housing Is Headed

In Pinellas County, specifically the beaches along the barrier islands from Clearwater Beach, St Pete Beach, the housing market is strong and prices continue to rise.

Altos: Critics Are Wrong About Where Housing Is Headed.


FHA Program Puts Ex-Home Owners on Track to Buy Again Sooner

Start searching for your next home, you may be able to buy now, before prices and/or interest rates go up.

FHA Program Puts Ex-Home Owners on Track to Buy Again Sooner.

Buyers of Foreclosures Need to Act Fast

Some Buyers of Real Estate feel that if there is a lot of interest on the house they rather pass on it because they “don’t to get in a bidding war”.  That might be a mistake. The best properties, listed at competitive prices generate a lot of interest, and you might be passing out on a home that you like, that you could possibly get at a bargain price.

I don’t know what your experience is, but I have to strongly and passionately pursue  everything I really want out of life.  The attitude of “it will be if it’s meant to be” has never worked for me. Sure I have faith, and I pray, but I also go for it. It is fine if something does not work out as I planned, but at least I know I gave it my best shot.

Now that the market is changing, it is very important to go after the good deals, act fast, and yes, get into the bidding wars. I’ll help you “fight for it”.

Read more……

Buyers of Foreclosures Need to Act Fast.

I love what I do. You’ll love the results.

Market Update January 2012

January is an exciting month for Real Estate. This month’s visitors are motivated home buyers and they get busy searching, meeting with me and finding homes to buy as soon as Christmas is past.
Here’s how real estate market conditions across our coverage area closed 2011:
Median list price peaked in May and drifted back down to January 2011 levels by December;
interest rates managed to go even lower with 30 year rates below 4% for much of the month of December (rate history).
November sales volume was down versus October, but sales are still on track to be slightly higher in 2011 versus 2010 (NAR report). Also, NAR reported that they’ve been overstating home sales for the last 4 years – their adjustment to correct the report brought stated home sales from 1997 to Nov. 2011 down by as much as 20% in some months. We all knew it was bad, these changes just emphasize how bad;
MBA’s purchase loan index continues to scrape along at late 1990’s levels as December added to a string of slow months (Mortgage Bankers Assoc. Data From Calculated Risk);
Finally, inventory bottomed in November and showed a small increase in December.
December marks the last month of the seasonal end of the year market slowdown. What will 2012 bring? We think more of the same – inventory, prices and sales volumes will show a typical seasonal increase from now through May or June, but overall transaction volumes and prices will probably be little changed over the year.
WE’VE REACHED BOTTOM, prices are going up in my area, but they are not going to climb very high in 2012.
I will send your specific market area stats upon request.
One Forecaster Calls “The End of the US Housing Downturn”
Capital Economics analyst Paul Dales recently called 2011 the last year of the US housing downturn. Capital Economics forecast a 3% drop in home prices in 2011 and the actual Case-Schiller number will be around 2.3% and is showing signs of flattening. After recapping 2011 results, he says 2012 will be mostly sideways. “… for the first time in five years, months of unsold inventory (a measure of the balance between demand and supply) is almost in line with the long-term average…” They believe the biggest risk to the housing market is a melt down in Europe. Not too encouraging that we have to hope the Germans, Italians and French can all get along.
Who’s Buying?
People with cash. From a recent Mortgage News Daily newsletter: “2011 has seen a surprisingly high level of cash home purchases, according to the real estate research firm Hanley Wood Market Intelligence. Analysts say tight lending standards and a search for yield by investors … has driven all cash purchases of homes higher. Per the report, 38% of homes purchased in 2011 were bought with all cash, up from 34% in 2010, and double the 19% rate in 2006.” The cash purchase trend is driven by the strength of rental demand and rents. In some parts of the country, a cash investor can realize 7-10% annual return from a fully rented unit.
Thanks for visiting in 2011 and I hope to see you on the site and to help you buy a home in 2012. Interest rates and prices will continue to be favorable for buyers in 2012.
If your finances are ready, make the resolution to buy your dream home or invest in Real Estate this year.

Foreclosure Deals

As of today, Dec 13, 2011, the forecast is a dry, sunny 78 degrees. There are 323 foreclosed properties (bank owned) in Pinellas County, the best part of the Tampa Bay area, where some of the most fabulous beaches in the world are located.

163 of those are single family residences, 119 are condos, and the rest are either townhomes or villas.
Contact me if you’d like to look into a foreclosed deal and get your own piece of paradise.

I love what I do. You’ll love the results!

The Sky’s the (Loan) Limit

The Sky’s the (Loan) Limit.

What is sexual harrassment in the workplace?

WASHINGTON – Nov. 10, 2011 – While Title VII of the Civil Rights Act of 1964 bans sexual harassment in the workplace, it’s less understood than some of the other forms of discrimination.

Unwelcome sexual advances, requests for sexual favors, and other verbal or physical conduct of a sexual nature constitutes sexual harassment when submission to or rejection of this conduct explicitly or implicitly affects an individual’s employment, unreasonably interferes with an individual’s work performance or creates an intimidating, hostile or offensive work environment.

Sexual harassment can occur in a variety of circumstances, including but not limited to the following:

• The victim as well as the harasser may be a woman or a man. The victim does not have to be of the opposite sex.

• The harasser can be the victim’s supervisor, an agent of the employer, a supervisor in another area, a co-worker or a non-employee.

• The victim does not have to be the person harassed but could be anyone affected by the offensive conduct.

• Unlawful sexual harassment may occur without economic injury to, or discharge of, the victim.

• The harasser’s conduct must be unwelcome.

A victim should use any employer complaint mechanism or grievance system available. When investigating allegations of sexual harassment, the U.S. Equal Employment Opportunity Commission (EEOC) looks at the whole record: the circumstances, such as the nature of the sexual advances, and the context in which the alleged incidents occurred.

There is no list of behaviors that are banned. Instead, the EEOC determines whether sexual harassment as occurred on a case-by-case basis.

All businesses should take steps to prevent sexual harassment in the workplace. EEOC recommends that they clearly tell employees that sexual harassment will not be tolerated, create a grievance process, and take immediate and appropriate action if an employee complains.

© 2011 Florida Realtors®