It's difficult to get away from negative real estate reports with so much of it circulating around, but Barbara Corcoran, real estate veteran and founder of Corcoran Group, reminds us that we are not in the worst shape ever. In an interview with CNN's Poppy Harlow, she reminds us that we have been in more dire situations before - and come back. Barbara recalls the market in 1989 where housing prices fell more than 15% in one year. The current housing market is nowhere near as bad, and, "that's an interesting lesson to learn. Things do come back around and real estate always comes back up," says Barbara.The interview also touches on where to buy, staying "within the bottom", and when things are expected to pick back up.
Watch CNN Video
http://money.cnn.com/video/#/video/news/2008/06/20/news.harlow.corcoran.062308.cnnmoney
Saturday, June 28, 2008
TOO TRUE TO BE FUNNY
This is too true to be funny.
The next time you hear a politician use the word 'billion' in a casual manner, think about whether you want the 'politicians' spending YOUR tax money.
A billion is a difficult number to comprehend,but one advertising agency did a good job of putting that figure into some perspective in one of it's releases.
A.A billion seconds ago it was 1959.
B.A billion minutes ago Jesus was alive.
C.A billion hours ago our ancestors were living in the Stone Age.
D.A billion days ago no-one walked on the earth on two feet.
E. A billion dollars ago was only 8 hours and 20 minutes, at the rate our governmentis spending it. While this thought is still fresh in our brain...let's take a look at New Orleans ... It's amazing what you can learn with some simple division.
Louisiana Senator,Mary Landrieu (D) is presently asking Congress for 250 BILLION DOLLARSto rebuild New Orleans . Interesting number...what does it mean?
A.Well... if you are one of the 484,674 residents of New Orleans (every man, woman, and child) you each get $516,528.
B.Or... if you have one of the 188,251 homes in New Orleans , your home gets $1,329,787.
C.Or... if you are a family of four... your family gets $2,066,012.
Washington, D. C <>Are all your calculators broken??
Accounts Receivable Tax Building Permit Tax CDL License Tax Cigarette Tax Corporate Income Tax Dog License Tax Federal Income Tax Federal Unemployment Tax (FUTA) Fishing License Tax Food License Tax Fuel Permit Tax Gasoline Tax Hunting License Tax Inheritance Tax Inventory Tax IRS Interest Charges (tax on top of tax) IRS Penalties (tax on top of tax) Liquor Tax Luxury Tax Marriage License Tax Medicare Tax Property Tax Real Estate Tax Service charge taxes Social Security Tax Road Usage Tax (Truckers) Sales Taxes Recreational Vehicle TaxSchool Tax State Income Tax State Unemployment Tax (SUTA) Telephone Federal Excise Tax Telephone Federal Universal Service Fee Tax Telephone Federal, State and Local Surcharge Tax Telephone Minimum Usage Surcharge TaxTelephone Recurring and Non-recurring Charges Tax Telephone State and Local Tax Telephone Usage Charge Tax Utility Tax Vehicle License Registration Tax Vehicle Sales Tax Watercraft Registration Tax Well Permit Tax Workers Compensation Tax
STILL THINK THIS IS FUNNY?
Not one of these taxes existed 100 years ago...and our nation was the most prosperous in the world.
We had absolutely no national debt... We had the largest middle class in the world... and Mom stayed home to raise the kids.
What happened?Can you spell 'politicians!'
And I still have to press '1' for English.
I hope this goes around the USA at least 100 times No at least a BILLION Times
The next time you hear a politician use the word 'billion' in a casual manner, think about whether you want the 'politicians' spending YOUR tax money.
A billion is a difficult number to comprehend,but one advertising agency did a good job of putting that figure into some perspective in one of it's releases.
A.A billion seconds ago it was 1959.
B.A billion minutes ago Jesus was alive.
C.A billion hours ago our ancestors were living in the Stone Age.
D.A billion days ago no-one walked on the earth on two feet.
E. A billion dollars ago was only 8 hours and 20 minutes, at the rate our governmentis spending it. While this thought is still fresh in our brain...let's take a look at New Orleans ... It's amazing what you can learn with some simple division.
Louisiana Senator,Mary Landrieu (D) is presently asking Congress for 250 BILLION DOLLARSto rebuild New Orleans . Interesting number...what does it mean?
A.Well... if you are one of the 484,674 residents of New Orleans (every man, woman, and child) you each get $516,528.
B.Or... if you have one of the 188,251 homes in New Orleans , your home gets $1,329,787.
C.Or... if you are a family of four... your family gets $2,066,012.
Washington, D. C <>Are all your calculators broken??
Accounts Receivable Tax Building Permit Tax CDL License Tax Cigarette Tax Corporate Income Tax Dog License Tax Federal Income Tax Federal Unemployment Tax (FUTA) Fishing License Tax Food License Tax Fuel Permit Tax Gasoline Tax Hunting License Tax Inheritance Tax Inventory Tax IRS Interest Charges (tax on top of tax) IRS Penalties (tax on top of tax) Liquor Tax Luxury Tax Marriage License Tax Medicare Tax Property Tax Real Estate Tax Service charge taxes Social Security Tax Road Usage Tax (Truckers) Sales Taxes Recreational Vehicle TaxSchool Tax State Income Tax State Unemployment Tax (SUTA) Telephone Federal Excise Tax Telephone Federal Universal Service Fee Tax Telephone Federal, State and Local Surcharge Tax Telephone Minimum Usage Surcharge TaxTelephone Recurring and Non-recurring Charges Tax Telephone State and Local Tax Telephone Usage Charge Tax Utility Tax Vehicle License Registration Tax Vehicle Sales Tax Watercraft Registration Tax Well Permit Tax Workers Compensation Tax
STILL THINK THIS IS FUNNY?
Not one of these taxes existed 100 years ago...and our nation was the most prosperous in the world.
We had absolutely no national debt... We had the largest middle class in the world... and Mom stayed home to raise the kids.
What happened?Can you spell 'politicians!'
And I still have to press '1' for English.
I hope this goes around the USA at least 100 times No at least a BILLION Times
Thursday, June 26, 2008
GOOD NEWS!
Metro home prices rise- 0.8 PERCENT GAIN. Home prices in metro Denver rose in April from March, bucking a national trend of declining home values, according to a report Tuesday from the S&P/Case-Shiller Home Price Indices. April's 0.8 percent monthly gain in metro Denver compares favorably with a 1.4 percent decline the index reported across 20 large metro areas that included Denver. And it represents the first month- over-month gain in Denver captured in the index since August, about the same time the subprime-mortgage mess tanked credit markets. "I believe both the prime selling season and fewer new homes has helped the resale home market," said independent real-estate analyst Gary Bauer. But Bauer said mortgage financing has remained tight, which has slowed closings. Boulder mortgage banker Lou Barnes said that tightness combined with a weakening economy made it premature to call a bottom. "Locally, we are closer to bottom than nationally, if only because our price peak passed in 2001," Barnes said. "Foreclosures here may soon stop rising, but the plague will be with us for another couple of years." Housing experts have long argued that weaker rates of home-price appreciation in Denver compared with overheated markets such as Las Vegas and Miami this decade would eventually translate into a quicker recovery here. Las Vegas and Miami home prices are down more than 26.5 percent in the past year, according to S&P/ Case-Shiller. Despite those stomach- curdling declines, home values are double 2000 levels in Miami and 65 percent higher in Las Vegas. Denver's increase this decade is a more modest 28.5 percent. And Denver's annual home-price decline of 4.7 percent, while not pleasant, is much less disruptive than the 15.3 percent decline captured in the 20-city index. Another home-price index Tuesday from the Office of Federal Housing and Enterprise Oversight showed a 0.8 percent decline nationally in April from March and a 4.6 percent decline over the past year. That more conservative OFHEO index looks at homes financed with government-backed mortgages and includes refinancings. In Colorado, the index showed a price increase of 2.29 percent for the first quarter. In Denver, the price increase was 0.9 percent. Barnes said he prefers the OFHEO index because it isn't as heavily influenced by foreclosures. Poor maintenance on foreclosed homes typically results in a 10 to 20 percent discount from resales under more normal conditions. Out of an estimated 5 million resales this year, about 1.4 million will represent foreclosures, more than double last year's level, Barnes said.
Friday, June 20, 2008
EXIT Realty - Habitat For Humanity
EXIT Realty - Habitat For Humanity
By being an EXIT agent you are a part of one of the premier housing charities; Habitat For Humanity. A donation is made each time an EXIT agent has a closing.
By being an EXIT agent you are a part of one of the premier housing charities; Habitat For Humanity. A donation is made each time an EXIT agent has a closing.
Wednesday, June 18, 2008
Tuesday, June 17, 2008
Saturday, June 14, 2008
Thursday, June 12, 2008
WHY EXIT? WHY NOW?
EXIT REALTY IS GROWING!
While other real estate companies are consolidating, cutting back or even shutting down, EXIT continues to grow across North America. EXIT has revolutionized the real estate industry by allowing real estate agents to own a successful & profitable business and not just work in one. For more information about a career with EXIT Realty call Marc @ 303-790-7200
EXIT Realty - Consider it Sold
We know selling a home is hard work, let our experts guide you through the real estate maze. Call today 303-790-7200
EXIT Realty - Consider it Sold
EXIT Realty - Consider it Sold
EXIT Realty - Channel 10-7-5 Videos
HAVE YOU CONSIDERED A CAREER IN REAL ESTATE? WHY NOT FIND OUT HOW EXIT REALTY HAS BECOME ONE OF THE FASTEST GROWING REAL ESTATE COMPANIES IN THE HISTORY OF THE INDUSTRY. VISIT S ONLINE NOW EXIT Realty - Channel 10-7-5 Videos
Staging to Sell!
Can staging my home make a difference?
You bet it can! Research shows that well staged homes sell approximately 32% faster than non-staged homes. They also sell for 3 to 10% more. Do the math and tell me how many thousands of dollars we are talking. Homes which are properly staged; that are warm, cozy, romantic and have sex appeal, sell fastest. As a seller, you may hire a professional home stager or stage your home yourself. Naturally, if you do it yourself, you should have a plan, some guidelines and a checklist to follow.
Selling a "Lifestyle"
To sell your home faster, you must sell more than just two bedrooms, two baths and so many square feet with a garage. You must sell a lifestyle:
Where buyers’ imagine themselves raising their families or entertaining their friends.
Where they can relax on the patio or listen to their favorite music.
Where they imagine themselves preparing gourmet meals or taking luxurious baths. Where dreams come true.
When selling in a slow market
You have two choices 1. Lower your pricePrice your home below that of your competition for the same amenities, size, etc. or 2. Make your home more desirable. To do this, you need to have a home with the right atmosphere and looks. There is nothing more important when it comes to selling your home, than to have one which has a strong emotional appeal to buyers. Properly staging your home will create this emotional appeal, otherwise you will need to lower your price.
If you would like a FREE COPY of our report "Staging on a budget" Please respond with your email address to sheryll@exitrealtydtc.com
You bet it can! Research shows that well staged homes sell approximately 32% faster than non-staged homes. They also sell for 3 to 10% more. Do the math and tell me how many thousands of dollars we are talking. Homes which are properly staged; that are warm, cozy, romantic and have sex appeal, sell fastest. As a seller, you may hire a professional home stager or stage your home yourself. Naturally, if you do it yourself, you should have a plan, some guidelines and a checklist to follow.
Selling a "Lifestyle"
To sell your home faster, you must sell more than just two bedrooms, two baths and so many square feet with a garage. You must sell a lifestyle:
Where buyers’ imagine themselves raising their families or entertaining their friends.
Where they can relax on the patio or listen to their favorite music.
Where they imagine themselves preparing gourmet meals or taking luxurious baths. Where dreams come true.
When selling in a slow market
You have two choices 1. Lower your pricePrice your home below that of your competition for the same amenities, size, etc. or 2. Make your home more desirable. To do this, you need to have a home with the right atmosphere and looks. There is nothing more important when it comes to selling your home, than to have one which has a strong emotional appeal to buyers. Properly staging your home will create this emotional appeal, otherwise you will need to lower your price.
If you would like a FREE COPY of our report "Staging on a budget" Please respond with your email address to sheryll@exitrealtydtc.com
Monday, June 9, 2008
Denver's Market
Denver’s housing market shows signs of shift from buyer’s to “normal” market
Posted May 17, 2008 Denver’s real estate market is showing signs of a precipitous shift from a buyer’s market to a “normal” market, according to a newly released report by Jack O’Connor, Managing Broker of Prestige Real Estate Group and a widely read industry analyst. The shift is evident, O’Connor reported May 5, in the continued drop of market-wide inventory to just over 27,000 homes, down from peak levels of 2006; as well as in the market’s supply of homes, now indicated at just over seven months of supply. Traditionally, a buyer’s market is defined by a supply greater than eight months. A seller’s market, one with high demand where sellers have flexibility in pricing their homes, is defined by a supply of less than six months.“What we’re seeing is a return to a normal market in Denver,” said Leeann Iacino, President of Prestige Real Estate Group, in releasing the report. “This is further evidence of the countercyclical performance of Colorado’s market, which went into a post-911 slowdown faster than other national markets, and now appears to be recovering faster, as well.”Iacino added that the data are for the seven-county Denver-Boulder area, which includes portions of northeastern counties that were abnormally affected by foreclosures in the wake of heavy production homebuilding during recent years. “In talking with our own agents, we’re seeing signs of an even stronger turnaround in mid-priced markets of south-central Denver and the south and southwestern metro area,” she added.The report also suggests that a combination of staff reductions in the banking and real estate service industry, along with the challenging mortgage environment, may be causing a backlog of homes headed for closing. Although the number of properties under contract this month is up 6.87% compared to May 2007, year-to-date properties closed through April are lagging behind those posted year-to-date April 2007 by around 1,300 sales, indicating a lag in processing time. “In the past, buyers who could rightfully afford a home could be approved for a loan in less than 14 days,” O’Connor noted in the report. “But lenders’ reduced staffs over the last eight months and the challenges faced in obtaining financing are causing delays of as much as eight weeks.” Iacino noted that national studies are corroborating the indications that Denver is returning to a normal market and has little resemblance to markets seen as “overvalued.” Prestige Real Estate Group serves the entire Denver area and is particularly strong in popular neighborhoods of south Denver, Arapahoe County, Highlands Ranch and Douglas County, with offices in the I-25/Tech Center corridor, Highlands Ranch, Cherry Creek, Castle Pines North, and Conifer/Evergreen
Posted May 17, 2008 Denver’s real estate market is showing signs of a precipitous shift from a buyer’s market to a “normal” market, according to a newly released report by Jack O’Connor, Managing Broker of Prestige Real Estate Group and a widely read industry analyst. The shift is evident, O’Connor reported May 5, in the continued drop of market-wide inventory to just over 27,000 homes, down from peak levels of 2006; as well as in the market’s supply of homes, now indicated at just over seven months of supply. Traditionally, a buyer’s market is defined by a supply greater than eight months. A seller’s market, one with high demand where sellers have flexibility in pricing their homes, is defined by a supply of less than six months.“What we’re seeing is a return to a normal market in Denver,” said Leeann Iacino, President of Prestige Real Estate Group, in releasing the report. “This is further evidence of the countercyclical performance of Colorado’s market, which went into a post-911 slowdown faster than other national markets, and now appears to be recovering faster, as well.”Iacino added that the data are for the seven-county Denver-Boulder area, which includes portions of northeastern counties that were abnormally affected by foreclosures in the wake of heavy production homebuilding during recent years. “In talking with our own agents, we’re seeing signs of an even stronger turnaround in mid-priced markets of south-central Denver and the south and southwestern metro area,” she added.The report also suggests that a combination of staff reductions in the banking and real estate service industry, along with the challenging mortgage environment, may be causing a backlog of homes headed for closing. Although the number of properties under contract this month is up 6.87% compared to May 2007, year-to-date properties closed through April are lagging behind those posted year-to-date April 2007 by around 1,300 sales, indicating a lag in processing time. “In the past, buyers who could rightfully afford a home could be approved for a loan in less than 14 days,” O’Connor noted in the report. “But lenders’ reduced staffs over the last eight months and the challenges faced in obtaining financing are causing delays of as much as eight weeks.” Iacino noted that national studies are corroborating the indications that Denver is returning to a normal market and has little resemblance to markets seen as “overvalued.” Prestige Real Estate Group serves the entire Denver area and is particularly strong in popular neighborhoods of south Denver, Arapahoe County, Highlands Ranch and Douglas County, with offices in the I-25/Tech Center corridor, Highlands Ranch, Cherry Creek, Castle Pines North, and Conifer/Evergreen
Thursday, June 5, 2008
Getting From Point A to Point B
Things continue to get tough in the airline industry. Getting from pint A to pint B took another blow yesterday as United Airlines' no-frills carrier Ted, launched in Denver in 2003, will be permanently grounded next year as part of a sweeping downsizing effort by the nation's No. 2 airline. United said Wednesday that it will cut more than 1,100 jobs and 100 aircraft in an effort to counter soaring fuel prices. The carrier did not specify how many local jobs would be affected.
It's the latest in a series of cutbacks by U.S. airlines to slash costs in one of the toughest economic environments ever to hit the industry.
"While these are difficult decisions that will impact many of our employees, they nevertheless must be made if we are to assure United's long-term viability," chief operating officer John Tague said in a message to employees. United, the dominant carrier at Denver International Airport, said it hasn't yet determined the impact of the cutbacks on routes and flight schedules, but analysts said it undoubtedly will mean higher fares and less convenience for travelers.
"It will be very painful for United," said airline-industry analyst Henry Harteveldt of San Francisco-based Forrester Research. "They're going to have to let go of a lot of employees.
United is projecting that fuel costs will jump from $5 billion last year to $8 billion this year if crude-oil prices remain near $125 a barrel. Oil futures closed Wednesday at $122.30. The record high was $135.14 on May 22.
American Airlines, the nation's biggest carrier, said last month that it would cut domestic flights by up to 12 percent by retiring at least 75 older, fuel-guzzling aircraft. On Wednesday, Delta Air Lines, which previously had announced a 10 percent flight reduction, said it also was considering further cuts.
Denver-based Frontier Airlines has abandoned some routes and is attempting to restructure after filing for bankruptcy protection in April, largely because of high fuel costs.
"What we're seeing is the impact of $130-a-barrel oil on an air industry that is not designed to handle those costs," Harteveldt said. Ted's demise, beginning next spring, follows the failure of several other low-cost offshoots of major carriers.
It's the latest in a series of cutbacks by U.S. airlines to slash costs in one of the toughest economic environments ever to hit the industry.
"While these are difficult decisions that will impact many of our employees, they nevertheless must be made if we are to assure United's long-term viability," chief operating officer John Tague said in a message to employees. United, the dominant carrier at Denver International Airport, said it hasn't yet determined the impact of the cutbacks on routes and flight schedules, but analysts said it undoubtedly will mean higher fares and less convenience for travelers.
"It will be very painful for United," said airline-industry analyst Henry Harteveldt of San Francisco-based Forrester Research. "They're going to have to let go of a lot of employees.
United is projecting that fuel costs will jump from $5 billion last year to $8 billion this year if crude-oil prices remain near $125 a barrel. Oil futures closed Wednesday at $122.30. The record high was $135.14 on May 22.
American Airlines, the nation's biggest carrier, said last month that it would cut domestic flights by up to 12 percent by retiring at least 75 older, fuel-guzzling aircraft. On Wednesday, Delta Air Lines, which previously had announced a 10 percent flight reduction, said it also was considering further cuts.
Denver-based Frontier Airlines has abandoned some routes and is attempting to restructure after filing for bankruptcy protection in April, largely because of high fuel costs.
"What we're seeing is the impact of $130-a-barrel oil on an air industry that is not designed to handle those costs," Harteveldt said. Ted's demise, beginning next spring, follows the failure of several other low-cost offshoots of major carriers.
Subscribe to:
Posts (Atom)
