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Home Buying Season May be Peaking Early as Investors See the Bottom
The following is an excerpt from the monthly RE/MAX National Housing Report. For more information or to see the full two-page report, contact (303) 796-3667.
Read more on PRWeb via Yahoo! News

Morning Copper Market Report
The copper market has been moving higher during early trading today, with many traders feeling these gains might be the result in part of a weaker Dollar as well as stronger equities.
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Serious mortgage delinquencies drop in first quarter
The delinquency rate for U.S. mortgages payments significantly overdue fell sharply in the first quarter, reaching the lowest level since early 2009, an industry group showed on Thursday.
Read more on Reuters via Yahoo! News

Home Sales Continue to Rise, Prices Remain Under Pressure

Denver, CO (Vocus/PRWEB) February 18, 2011

For the first time in six months, home sales in the 54 U.S. markets surveyed in the RE/MAX National Housing Report are greater than one year ago. The year-to-year sales difference has been improving for three consecutive months. In January it turned positive with a 0.7% increase in sales from January 2010. The trend has been led by several cities experiencing double digit sales growth. Home prices, which have been relatively stable, were 4.6% lower than in January 2010. The inventory of homes for sale continued a downward trend, and is now 5.6% lower than January last year.

“We’re very pleased that sales this January are higher than last January, and we’re hopeful that this indicates even higher sales this spring,” said RE/MAX CEO Margaret Kelly. “Although inventories have been steadily shrinking for months, an increase in foreclosure activity could reverse this trend and produce additional pressure on prices.”

Transactions — Year-Over-Year Change

Closed Transactions fell 28.5% from December, which is not annualized and nearly equivalent to the historical December to January change. The year-to-year change in transactions has been improving for three months, -30%, -25% and -5%, and in January finally turned positive with a 0.7% increase over January 2010. Twenty-seven markets, including some that were hardest hit by the housing crisis, experienced exceptional year-to-year growth in home sales: Miami, FL +29.5, Tampa, FL +21.8%, Richmond, VA +20.5, New Orleans, LA +16.9%, and Phoenix, AZ +16.5%.

Median Sales Price — Year-Over-Year Change

Month-to-month home prices in the report’s 54 metro areas have remained even for three months with only fractional changes. However, in January prices dropped 6.6% from December and 4.6% from January 2010, which represents the largest year-to-year drop since May 2010. Still, 17 metro areas experienced a year-to-year increase in sales prices. Some key markets with rising prices include: Jackson, MS +20.9%, Indianapolis, IN +9.4%, Pittsburgh, PA +9.1%, Tulsa, OK +5.9% and Washington, DC +3.3%.

Days on Market — Average of 54 Metro Areas

In January, the 54 metro areas averaged 99 Days on Market, up three days from December and eight days longer than January 2010. The RE/MAX National Housing Report shows that Days on Market has remained over 90 for four months in a row. Days on Market is the average number of days from listing to signed contract.

Months Supply of Inventory — Average of 54 Metro Areas

According to the RE/MAX National Housing Report, overall inventory was down 3.6% from last month and down 5.6% from January 2010. The Months Supply of Inventory in January was 10.1, which has remained above 9 for six months and above 10 for the last three months. The Months Supply indicates how many months would be required to clear all the homes on the market at the current rate of sales. A balanced market of buyers and sellers is said to be a 6-month supply.

About the RE/MAX Network:

RE/MAX was founded in 1973 by Dave and Gail Liniger, real estate industry visionaries who still lead the Denver-based global franchisor today. RE/MAX is recognized as a leading real estate franchisor with the most productive sales force in the industry and a global reach of more than 80 countries. With a passion for the communities in which its agents live and work, RE/MAX is proud to have raised more than $ 100 million for Children’s Miracle Network Hospitals, Susan G. Komen for the Cure® and other charities. Nobody in the world sells more real estate than RE/MAX. Please visit http://www.remax.com or http://www.joinremax.com.

Description

The RE/MAX National Housing Report is distributed each month on or about the 15th. The first Report was distributed in August 2008. The Report is based on MLS data in approximately 54 metropolitan areas, includes all residential property types, and is not annualized. For maximum representation, many of the largest metro areas in the country are represented, and an attempt is made to include at least one metro from each state. Metro area definitions include the specific counties established by the U.S. Government’s Office of Management and Budget, with some exceptions.

Definitions

Transactions are the total number of closed residential transactions during the given month. Month’s Supply of Inventory is the total number of residential properties listed for sale at the end of the month (active inventory) divided by the number of sales contracts signed (pended) during the month. Where “pended” data is unavailable, this calculation is made using closed transactions. Days on Market is the number of days that pass from the time a property is listed until the property goes under contract for all residential properties sold during the month. Median Sales Price is the median price of all residential properties sold during the month.

MLS data is provided by contracted data aggregators, RE/MAX brokerages and regional offices. While MLS data is believed to be accurate, it cannot be guaranteed. MLS data is constantly being updated, making any analysis a snapshot at a particular time. Every month the RE/MAX National Housing Report re-calculates the previous period’s data to ensure accuracy over time. All raw data remains the intellectual property of each local MLS organization.

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, Vocus PRW Holdings, LLC.
Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.

Home prices drop again
Home prices dropped in February by more than they have in any month for over a year — yet another sign that the troubled housing sector is nowhere close to recovery. The respected S&P/Case-Shiller index, which gauges property values in 20 cities, fell by 3.3 percent compared to February 2010. Though the decline was significant, [... ]
Read more on The Lookout via Yahoo! News

Merchants torch mayor’s house and soldiers headquarters in a central Burkina Faso city
OUAGADOUGOU, Burkina Faso — Merchants torched several buildings in Burkina Faso’s central city of Koudougou, including the mayor’s home and the municipal soldiers headquarters, the mayor said Wednesday.
Read more on Washington Post

More area residents are choosing to rent rather than buy; local housing trend influenced by high-tech jobs (with video)
WILTON — For a growing number of people, “quality of life” doesn’t just refer to the Saratoga area’s many attractions and natural beauty.
Read more on The Saratogian

MPG Investments Offers Help on Selling Houses Fast for Home Buyers

London, UK (PRWEB) March 24, 2010

MPG Investments, the UK’s leading cash-buying property company (http://www.mpginvestments.co.uk/ ), is offering new services to help sellers in the struggling UK property market sell their property more quickly.

MPG Investments are now offering a specialist service for the London property market, and the company website now provides fair descriptions of how auctions and estate agency services compare to MPG Investments’ cash for homes program.

MPG Investments remains the UK’s leading company for selling houses quickly for cash, and sellers of property do not even need a HIP (Home Information Pack) as the purchase is considered a private sale:

Find out more: How to sell your property or house for cash quickly.

MPG Investments remains a valuable service for property sellers in the UK, not least where the current owner is faced with the prospect of repossession. Despite recent moves by the government to try and slow down the rate at which banks are repossessing homes, this has failed to stem the flood of repossessed properties coming onto the market. MPG Investments can help ensure a home owner can recover equity from their property and escape the threat of repossession debt free:

Find out more: Help on how to stop and avoid repossession of your house.

MPG Investments offers the ability to make a cash offer within 48 hours, and sell a property within a week. For anyone with debt problems looking to free equity out of their property, it can provide a simple, fast, and effective way to address debt problems quickly:

Find out more: how to sell your house fast for cash.

Contact:

Brian Turner

0845 4306340

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©Copyright 1997-

, Vocus PRW Holdings, LLC.
Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.

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Selling Homes plus Home Buying Equals One New Innovative Website to Trade Homes, OnlineHouseTrading.com

Lutz, FL (PRWEB) October 2, 2007

OnlineHomeTrading.com promises to revolutionize the processes of both selling homes and home buying by matchmaking two property sellers, where they literally trade homes through one very attractive, easy-to-navigate website.

Daniel Westbrook, co-founder of OnlineHouseTrading.com explains, “We started to look at how people are home buying or selling homes and we realized that people want a full package deal; they need to sell their existing home and buy a new home at the same time. OnlineHouseTrading.com brings these people together to buy each other’s property.”

The site works much the same as the search engines on match making websites. OnlineHouseTrading.com takes a user’s information regarding their house, including location, price and specific information about the property, and matches it with other home buying users, seeking a property with the same or similar criteria.

“If you are familiar with online dating services, you know how sophisticated the matching of people can be,” says Daniel Westbrook. “Everything from personality to physical attributes is taken into consideration when these websites connect two people for a date. This same technology is now being utilized by OnlineHouseTrading.com to help connect home buyers and sellers.”

Further, the search engine will take that same user’s home purchasing information and utilize it to match the home seller with a home buyer who is also selling their home.

This revolutionary site works for both individuals selling their home and for Realtors trying to sell their clients property. The user friendly site allows agents to upload all of their listings that could potentially bring matches from other agents or individuals selling their property on their own. There are thousands of Realtors nationwide with listings they simply can’t find buyers for. With all of these listings, plus individuals selling their homes, the possibilities for matches are endless because the concept works for both. Regardless of whether you are a Real Estate professional or not, we all have the same common goal of reducing the surplus of homes saturating the market. This is another new tool that is becoming very useful to combat lower sales in markets nationwide.

When asked about the growing popularity of the OnlineHouseTrading.com site, Mr. Westbrook said, “What we started realizing is that many people are ‘trading places’ in terms of where they are buying and selling homes. Whether it is within the same neighborhood or across the country, people seem to move to and from the same areas*. Our website helps these people ‘kill two birds with one stone’, with much less stress than conventional means. It’s simple, easy to use, and very cost effective. Anyone can easily use our site.”

OnlineHouseTrading.com investor, Steve Coad, relates a personal experience that won him over to the concept. “My wife and I were recently in the exact situation Daniel is talking about. We were being transferred to a city we had never even been to. Our minds started reeling just at the thought! Stress was building at the prospect of all we had to do, and do quickly. We had just built our home a little over a year before, and to top it off, the real estate market in our area was tough. Plus, we still had to find a new home in a new place, similar in size and quality to the house we were selling.”

“Thankfully, we made it through everything and learned something very interesting afterwards. We had moved two thousand miles to our new city to find out that the people we bought our new house from had bought their new house just a few miles from where we had moved. Same price range, same quality, comparable sizes, the right location for the perfect real estate match. We could have traded houses! When I heard about the OnlineHouseTrading.com concept, having just lived through relocating myself, I knew it was a sound investment.”

OnlineHouseTrading.com charges their members a nominal, one time fee; less than the price of a tank of gas. For $ 19.95 members can advertise the house they have for sale, advertise the criteria for the house they wish to buy, and have access to the website for an unlimited amount of time, providing they update their information every six months. In a housing market that has been cooling for some time, OnlineHouseTrading.com offers home buyers and sellers a red-hot concept to meet all of their real estate needs.

Mr. Westbrook further explains, “Before our site, people were first focusing on selling their house, which is stressful, and then they immediately had to find a house to buy, which is also stressful, often causing them to settle on something less than ideal. Our site significantly reduces the stress associated with relocating and enhances the process for both sellers and buyers by allowing each to solve their housing needs in one simple, easy to use format.”

OnlineHouseTrading.com is offering a winning combination for anyone in the home buying or selling market. For more information on selling homes and home buying made easy, please visit http://www.OnlineHouseTrading.com

*Information obtained from the 2000 U.S. Census Bureau

Media Contact:

Daniel Westbrook

888-389-6336

Daniel @ OnlineHouseTrading.com

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©Copyright 1997-

, Vocus PRW Holdings, LLC.
Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.

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Sonoma Bank Hires Regional Director to Lead Home Loan Division in California

Santa Rosa, CA (Vocus/PRWEB) April 08, 2011

Sonoma Bank will begin operating home mortgage lending centers in Northern California under the leadership of Robb Kenyon, whose appointment as California regional director was recently announced by Sonoma Bank President Ezra Eckhardt.

Sonoma Bank is part of the Sterling Savings Bank family. Both banks are subsidiaries of Sterling Financial Corporation(NASDAQ:STSA) headquartered in Spokane, WA. Sterling Savings Bank does business in California under the Sonoma Bank name with 14 branches in and around the Bay Area.

Kenyon, a California native with more than 20 years of experience in mortgage lending, comes to Sonoma from Seattle Mortgage, where he was vice president of residential lending. He also served as divisional builder manager with Bank of America.

“Robb will provide great leadership and direction as the company works toward its goal of becoming one of America’s truly great banks,” said Sterling Home Loan Division Executive Vice President Donn Costa. “We intend to work with existing bank branches to support their customers’ home lending needs, in addition to having stand-alone production locations.”

Sonoma’s home lending division will offer what Costa describes as a wide range of conforming portfolio and jumbo loans to customers.

“We are excited to bring our home loan division to California and to offer additional financial resources for homeowners here,” Costa said.

Sterling Savings Bank is one of the largest banks in the Northwest, with 178 branches and more than 30 home lending offices throughout Washington, Oregon, Idaho, Montana and now California.

The company has three decades of success in home lending and has financed more residential purchases in Washington state than any other company based in the state.

Among Kenyon’s first responsibilities will be the hiring of branch managers, loan officers and processors to fill the positions available at the Sonoma Bank Home Loan Division.

About Sterling Financial Corporation

Sterling Financial Corporation of Spokane, WA, is the bank holding company for Sterling Savings Bank, a commercial bank. The bank is state chartered and federally insured. Sterling offers banking products and services, mortgage lending, construction financing and investment products to individuals, small businesses, commercial organizations and corporations. As of Dec. 31, 2010, Sterling Financial Corporation had assets of $ 9.49 billion and operated 178 depository branches throughout Washington, Oregon, Idaho, Montana and California. Visit Sterling’s website at http://www.sterlingfinancialcorporation-spokane.com.

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©Copyright 1997-

, Vocus PRW Holdings, LLC.
Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.

Design House Leads Building Industry with Matching WholeHouse™ Home Packages

Ironwood WholeHouse Home Package

Mequon, WI (PRWEB) April 23, 2008 -

Design House introduces the industry’s first WholeHouse™ matching home package program. WholeHouse™ coordinates style and finish across multiple categories including indoor and outdoor lighting, ceiling fans, locksets, door hardware, faucets and bath accessories. In today’s housing market, builders are looking for ways to save money and provide additional value to their customer, and they are finding that WholeHouse™ home packages do both. For builders, WholeHouse™ simplifies product selection, reduces the number of suppliers, and saves money. For the homeowner, WholeHouse™ provides high quality, fashionable products that match throughout the home.

The new Ironwood home package exemplifies the benefits of WholeHouse™. Every product in the Ironwood home package is designed to incorporate subtle details that define this inspiring collection, thus creating a cohesive, inviting look throughout the home. “With the Ironwood, we’re able to do something that’s never been done before in this industry; we’ve created products designed to match one another across major product categories,” said Jon Gallun, Vice President of Marketing and Product Development for Design House. The Ironwood Collection includes 22 products across 5 different product categories. Ironwood products feature a statuary bronze TruMatch™ finish, which is a dark bronze-tone with a subtle texture that creates a tactile as well as visual experience. Design House is the first in the industry to provide a TruMatch™ finish program. Design House engineered seven TruMatch™ finishes that match from product to product across multiple categories. “We can all relate to the frustrating task of trying to find a towel ring that matches your faucet or a ceiling fan that matches your light fixtures,” said Gallun. “TruMatch™ solves this problem.” When customers choose a Design House TruMatch™ finish, they are assured of a true match and a consistent look throughout the home. The concept of matching finishes is simple, but Design House is the first to be able to incorporate this idea across a wide range of product categories. “We are seeing competitors attempt matching product collections, but no one has the depth or discipline of our WholeHouse™ and TruMatch™ programs,” said Gallun.

With eleven WholeHouse™ Home Packages, Design House is making home décor simple for builders by providing one source for matching products throughout the home.

Design House has been serving the home improvement market for 135 years. Focused on adding value for the customer through innovation, packaging, and merchandising, Design House offers products balanced in both style and price point. Design House products are available at hardware stores and lumber yards across the country.

Design House is a registered brand of DHI Corp. DHI Corp is a collection of award winning brands covering multiple product categories within the home décor and lawn and garden industries. DHI Corp is headquartered in Mequon, Wisconsin.

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Attachments

©Copyright 1997-

, Vocus PRW Holdings, LLC.
Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.

Metro home sales drop 10.7% in December
Metro Detroit home sales fell 10.7% in December, facing a tough comparison to the prior year when first-time homebuyer tax credits buoyed sales to a record level.
Read more on Detroit Free Press

Lenders may make buying a home in 2011 more difficult
The drumbeat from the housing community was loud and clear in 2010: There was never a better time to buy a home. For most of the past 12 months, home prices tumbled, mortgage rates ticked downward, and the inventory of available traditional and distressed homes was plentiful.
Read more on Everett Herald

County short on affordable housing, high on need
Experts stop short of calling Santa Barbara County’s affordablehousing shortage a crisis.
Read more on The Lompoc Record

Earth moves this spring
The first real sign that the housing recovery is on its way in Manteca will be heard sometime after the tule fog dissipates and the almond blossoms have sprinkled the green grass with a blanket of white and pink flakes.
Read more on The Manteca Bulletin

(PRWEB) October 12, 2006

On October 17, 2006, Bella Casa Staging will be filming an event with Temecula’s premier Entertaining Real Estate Television show, House 2 House. This “Mass Staging” event has been inspired by a trend that is sweeping the nation.

Tiffany Miller, the owner of Bella Casa Staging, is a student of the acclaimed Barb Schwarz, who has been seen on The Today Show on NBC, 20/20 on ABC, and the CBS News. Barb Schwarz is the creator of Home Staging—a process in which home sellers have a professional re-organize, de-clutter and “stage” their home to be most appealing to prospective buyers. Tiffany Miller learned the techniques of professional Home Staging in a specialized training course, designed by Barb Schwarz, where she obtained the title of Accredited Staging Professional Master (ASPM)™, a title that is only held by 157 other people worldwide.

House 2 House presents local Realtors® and properties for sale within the Temecula Valley, reaching viewers as far north as the Santa Clarita Valley. Tiffany Miller of Bella Casa Staging has become a popular guest on House 2 House, featuring homes that she and her team have professionally Staged. A member of House 2 House’s production team has stated, “The concept is definitely appealing to us because we understand the importance of having a stage set so that it is viewed in the way that expresses what is most pleasing to the viewing masses.” Statistically, the advantages of Staging have been quite dramatic; in that homes that were marketed without Staging sat up to 163.7 days on the market, to then sell in less than 14 days after being Staged. These same studies showed that Staged homes sold, on average, 50 % faster. The homes profiled in this study also benefited by maintaining approximately 7% higher sale prices.

Naturally, the relationship between House 2 House and Bella Casa Staging has blossomed because the benefits of using Staging techniques has helped sell many homes. This success inspired Tiffany Miller and House 2 House, to invite Barb Schwarz, who is Tiffany’s mentor, along with a team of more than 20 ASP/ASPMs from all across Southern California to join in a segment which will be filmed on location in Temecula. In this special event, the Accredited Staging Professionals will give one lucky home seller the mini makeover of a lifetime, by showcasing the amazing transformations created by Staging. This makeover is sure to set the Stage for a successful sale. As Tiffany Miller explains, “Home Staging is revolutionizing the real estate industry and I am proud to know that Bella Casa Staging is helping in that revolution.”

To find out more about Staging, please visit: www.bellacasastaging.com, or www.stagedhomes.com

To schedule an interview with either Tiffany Miller or Barb Schwarz, Please Contact:

Tulin Reid, Vice President of Marketing

NuVision Productions/NV Marketing

800.671.2011

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Find More Housing Market Press Releases

Tempe, AZ (PRWEB) November 21, 2005

While the meltdown in the US housing market continues, leading bubble blog HousingPanic.Blogspot.com recaps the news of the week, allowing its readers to understand and react

“This week saw a deluge in housing bubble reporting” according to Keith Brand, http://HousingPanic.Blogspot.com founder and editor. “We believe this past week, with Toll Brothers freaking out the market, a Builder’s Confidence survey showing the good times were over, and anecdotal evidence flowing in, that the US housing bubble has finally burst.”

“We see scared homeowners, pessimistic builders and panicked speculators now rushing their properties to market while they still can” continued Brand. “The explosion in Phoenix market listings shows how a market that just went up 55% in one year can now quickly deteriorate”…

Weekly headlines from http://HousingPanic.Blogspot.com included:

    Outlook sours for real estate – Did homeowners who sold in September get out just in time?

    Housing boom past its peak? October starts, permits fall more than expected in latest sign of softening real estate market.

    Deflating the bubble: A good thing

    Is getting a home loan becoming too easy?

    New Home Sales Drop Sharply as Market Continues to Cool

    Valley’s home market No. 1 for price increases – But big price increases likely thing of the past

    Can home builders handle a chill? As the once-hot sector cools off, the bears look for long-term misery

    Housing market cools; prices drop, sales slow

    More houses for sale may mean slower market

    Outlook sours for real estate – Many indicators point to a major slowdown in home prices

    Cash out and get out while the going’s good

The http://HousingPanic.Blogspot.com blog is to simply inform, so that its readers may make their most intelligent housing choices.

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