New Market Snapshot offered to Clients for Free on Web Site

With the market conditions changing almost day I've added a new service for my clients to keep track of what is happening in their area. This market snapshot will comparisons of current homes for sale versus sold homes, asking-to-selling prices, average days on the market and more.
This great for sellers and buyers. For buyers not only does it the buyer of the trends in the area they considering it shows , schools on the map in relation to the home they are considering. The Snapshot will also locate shopping, transportation, hospitals, grocery stores, restaurants plus much more. Click link below if you would a FREE Snapshot of your home.

http://www.homeinsight.com/Widget/default.asp?ZV2MN5PTYBEX

If you have further questions or would like a Free Market Analysis let us know.

We need your help in Getting Congress to Support New Stimulus Package for Buyers

REALTORS across the nation are contacting their Legislators about them supporting the New Stimulus Package for Home buyers . Here is a copy of 4 Point plan for you to read and I've included a link so too can contact your Legislators. We believe this is go a long way on getting the buyers back in the market place

NAR has urged Congress to include the following provisions in any future legislation:

• Make the $7500 tax credit available to all purchasers and eliminate the repayment requirement. The credit’s limited availability and required repayment terms have severely limited the credit’s appeal to potential homebuyers. As a result, the credit has not been widely used or proven effective at stimulating sales.
  
• Make the 2008 FHA, Fannie Mae and Freddie Mac loan limits permanent. New rules for 2009 would significantly reduce the FHA, Fannie Mae and Freddie Mac loan limit from their 2008 levels. Now is not the time to limit the availability of affordable mortgages.
  
• Get the Emergency Treasury bank relief program back on track by targeting more funds to mortgage relief efforts and increasing efforts to mitigate foreclosures. Don't just give the banks unrestricted cash. Make the program work to improve mortgage and housing markets as it was originally intended.
  
• Permanently bar banks and banking conglomerates from engaging in real estate brokerage and management. The banks have proven they have enough to do to simply properly manage their current lines of business. Do we really want them to manage on the home buying process? Imagine what could have been the situation now if they already had the added ability to engage in real estate sales.
  

http://takeaction.realtoractioncenter.com/campaign/4pointplan

The Sky is NOT falling!

If you've been listening to the news media over the last several months you would think the sky was falling in the real estate business. They make you believe there is no mortgage money available and no one is buying at this time and there is no hope. But I'm here to tell you that we are doing the same level of Sales in real estate that we did in 1999, and that was record year. Here are the differences in the market place today, the number of agents are around 1.3 million agents (figures supplied from National Association of Realtors) compared to 1999 levels of 850,000. The housing supply is at a 10 months supply compared to a 5 months supply in 1999. The interest rate today is around 6% for a 30 yr fixed rate loan compared to 1999 at 7.5%. Now because of the financial troubles with the banks and mortgage companies it's taking a higher credit score to get buyers qualified and they need more money down to qualify. What most people don't recognize is that we've had 10 + years of awesome growth and prosperity, now we are back to normal times of having a home be on the market 90 to 180 days and sellers have to be realistic to believe they are not going to get a 15-30% increase each year to maybe going up 3-4% instead. Here are some market facts for you, buyers who purchased homes between and 2000 and 2004, if they had to sell today, they will still make money.