I’ve started including both real estate news items and popular blog items in the weekly real estate mix for your reading pleasure. Here are a few of the more interesting real estate stories from around the country for the week of 1-30-2012.
It May be a Good Time to Buy a Home, But Not to Sell
Recent Fannie Mae survey finds 71% of people think it is a good time to buy a home but only 11% think it’s a good time to sell a home. Can you say First Time Home Buyer to the rescue!
After Two Decades, Real Estate Returns To the Super Bowl
It been 21 years since a residential real estate company has run an ad during the Super Bowl but this weekend will change that. Century 21 is throwing down the big dollars and sharing their real estate brand with upwards of 100 milion people.
The ad includes a few celebrity appearances and a strong close. I like the ad and I hope it does well for Century 21. You can see the ad here.
Where Baltimore-area residents would rather be
Real estate search site Trulia says the Baltimore region is seventh on the list of metro areas with the weakest demand among the online search crowd. According to Trulia, for every one person looking for a home in the Baltimore area, there 2.2 people in the Baltimore area looking for a home somewhere else.
Read this article to find out which cities Baltimore residents are looking to move to.
Original story from: The Baltimore Sun
Search Baltimore MLS listings
No Bottoming Out for Real Estate Market as Home Values Keep Falling
With housing prices currently 32.9% below their peak, one would think we have to be close to the bottom of the real estate market. Not according to the November Case-Shiller housing numbers which show housing prices down another 3.7% year over year.
The Federal Reserve promised to keep interest rates low through 2014 in an effort to give the real estate market a fighting chance at recovery, someday.
Mortgage Relief Plan Aims at Refinancing
President Obama’s latest attempt at jump starting the economy and housing has to do with getting more Americans to refinance their mortgage at historically low rates. By the President’s estimates many homeowners could save as much as $3,000/year by refinancing.
I’ve been saying this since the day he became president and the challenge is that many of these homeowners are underwater on their mortgage or their credit score has suffered and they can’t qualify for the lower rates. According to the plan, roughly 11 million homeowners would be eligible and must be current on their mortgage payment and have at least a 580 credit score.
Washington’s hottest neighborhoods
As home prices have continued to drop in the Washington metro areas like the rest of the country, online real estate search traffic has picked for these D.C. neighborhoods.
Original story from: Washington Post