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Friday, October 16, 2009

Weekly Real Estate News

---------- Forwarded message ----------
From: REALTOR(R) Magazine Online <NAR@newsletters.realtor.org>
Date: Fri, Oct 16, 2009 at 3:08 PM
Subject: Weekly Real Estate News
To: john@johnjrose.com


If you have trouble reading this e-mail click here.

October 16, 2009

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Economists Predict Housing Recovery
Experts believe that 2010 will be the first year since 2005 that housing will help the U.S. economy.
Read more >
Congress Debating the Tax Credit
Some lawmakers are wondering whether extension and expansion of the housing incentive make sense.
Read more >
Prediction: Homes Sales to Rise 11 Percent
Mortgage Bankers Association predicts increased home sales at the lower end of the market in 2010, with prices continuing to fall into the first quarter of next year.
Read more >
Buyers Must Hurry to Meet Credit Deadline
Mortgage application paperwork has to be ready to go, though short-sale purchases should be avoided to make the Nov. 30th deadline.
Read more >
BoA Struggles With Loan Modifications
Only 11 percent of Bank of America's delinquent borrowers eligible for the Making Home Affordable were able to refinance, despite the lender's efforts to approve more cases.
Read more >
HUD Won't Delay New RESPA Rules
The Department of Housing and Urban Development says it's imperative that the new rules take effect on schedule, but Congress may intervene.
Read more >
Seller Optimism Causing Price Climb
Housing economist concludes that the current run-up in home prices is just a blip on the market radar.
Read more >
One Wish At A Time
2009 Good Neighbor Finalist Michelle Phaup raises millions of dollars one bowl-a-thon at a time in order to fulfill terminal patients' last wishes.
Read more >
Renewed Attention to Halting Foreclosures
Pennsylvania Congressman Joe Sestak is proposing legislation that would provide underwater home owners with new FHA mortgages.
Read more >
Polish Your Real Estate Elevator Speech
Practitioners should hone their 30-second real estate pitch to distinguish themselves from the pack.
Read more >
Plan Nears on Commercial Loan Mods
Bank regulators are seeking a way to get banks to modify real estate debt before it comes due.
Read more >

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Bailout Nation: The Dynamics of the Downturn
How I Sold It: Tapping Creative Financing
Guiding Your Clients Through Home Modifications
Standout Brokers: The Trend Spotters
Staging in a Virtual Reality
Commercial Auctions: Let the Bidding Begin
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Thursday, October 8, 2009

Price cuts are everywhere

---------- Forwarded message ----------
From: Trulia Newsletter <updates@trulia.com>
Date: Thu, Oct 8, 2009 at 9:00 AM
Subject: Price cuts are everywhere
To: john@johnjrose.com


Having trouble viewing this e-mail? http://www.trulia.com/email/anews200910A/www.trulia.com/newsletter" style="color: rgb(0, 102, 204); text-decoration: underline; font-family: arial; font-size: 10px;" target="_blank">Click here.
http://www.trulia.com/email/anews200910A/www.trulia.com" style="color: rgb(0, 102, 204);" target="_blank"> Trulia Real Estate Search http://www.trulia.com/email/anews200910A/www.trulia.com/" style="color: rgb(0, 102, 204);" target="_blank"> Find Homes http://www.trulia.com/email/anews200910A/www.trulia.com/city/" style="color: rgb(0, 102, 204);" target="_blank"> Stats & Trends http://www.trulia.com/email/anews200910A/www.trulia.com/voices/" style="color: rgb(0, 102, 204);" target="_blank"> Advice & Opinions
October 08, 2009
http://www.trulia.com/email/anews200910A/info.trulia.com/index.php%3fs=57" style="text-decoration: none; color: rgb(0, 102, 204);" target="_blank"> Past Newsletters
 
http://act.ly/ig" target="_blank">
Price cuts are everywhere

In the land of price reductions, there are no laws. Some home sellers choose to reduce their asking price by a few thousand while others shave off millions. As of this month, more than one in four homes have cut their asking price at least once – totaling an impressive $28.4 billion. But what’s in it for you? More house for your money, that's what. http://info.trulia.com/index.php?s=43&item=73" style="color: rgb(0, 102, 204); font-family: arial; font-size: 12px; text-decoration: none; font-weight: normal;" target="_blank"> Read Trulia's October price reduction report.
http://www.trulia.com/email/anews200910A/www.trulia.com/%20" target="_blank">

October Price Reductions – Top 10 U.S. Cities
Rank City State Percent of Lisings with Price Reductions Total Amount of Reductions
1 http://www.trulia.com/email/anews200910A/www.trulia.com/TN/Memphis/#for_sale/Memphis,TN/resale,new_homes_lt/reducedamt;d_sort/365_pr/" style="color: rgb(0, 102, 204); font-family: arial; font-size: 12px; text-decoration: none; font-weight: bold;" target="_blank">Memphis TN 36% $27,048,295
2 http://www.trulia.com/email/anews200910A/www.trulia.com/for_sale/resale,new_homes_lt/reducedamt;d_sort/365_pr/Minneapolis,MN/" style="color: rgb(0, 102, 204); font-family: arial; font-size: 12px; text-decoration: none; font-weight: bold;" target="_blank">Minneapolis MN 36% $26,925,756
3 http://www.trulia.com/email/anews200910A/www.trulia.com/for_sale/resale,new_homes_lt/reducedamt;d_sort/365_pr/Portland,OR/" style="color: rgb(0, 102, 204); font-family: arial; font-size: 12px; text-decoration: none; font-weight: bold;" target="_blank">Portland OR 36% $58,329,873
4 http://www.trulia.com/email/anews200910A/www.trulia.com/for_sale/resale,new_homes_lt/reducedamt;d_sort/365_pr/Indianapolis,IN/" style="color: rgb(0, 102, 204); font-family: arial; font-size: 12px; text-decoration: none; font-weight: bold;" target="_blank">Indianapolis IN 36% $35,428,503
5 http://www.trulia.com/email/anews200910A/www.trulia.com/for_sale/resale,new_homes_lt/reducedamt;d_sort/365_pr/Baltimore,MD/" style="color: rgb(0, 102, 204); font-family: arial; font-size: 12px; text-decoration: none; font-weight: bold;" target="_blank">Baltimore MD 36% $44,480,261
6 http://www.trulia.com/email/anews200910A/www.trulia.com/for_sale/resale,new_homes_lt/reducedamt;d_sort/365_pr/Milwaukee,WI/" style="color: rgb(0, 102, 204); font-family: arial; font-size: 12px; text-decoration: none; font-weight: bold;" target="_blank">Milwaukee WI 35% $19,047,006
7 http://www.trulia.com/email/anews200910A/www.trulia.com/for_sale/resale,new_homes_lt/reducedamt;d_sort/365_pr/Jacksonville,FL/" style="color: rgb(0, 102, 204); font-family: arial; font-size: 12px; text-decoration: none; font-weight: bold;" target="_blank">Jacksonville FL 35% $104,019,823
8 http://www.trulia.com/email/anews200910A/www.trulia.com/for_sale/resale,new_homes_lt/reducedamt;d_sort/365_pr/Tucson,AZ/" style="color: rgb(0, 102, 204); font-family: arial; font-size: 12px; text-decoration: none; font-weight: bold;" target="_blank">Tucson AZ 34% $71,285,454
9 http://www.trulia.com/email/anews200910A/www.trulia.com/for_sale/resale,new_homes_lt/reducedamt;d_sort/365_pr/Raleigh,NC/" style="color: rgb(0, 102, 204); font-family: arial; font-size: 12px; text-decoration: none; font-weight: bold;" target="_blank">Raleigh NC 33% $44,580,508
10 http://www.trulia.com/email/anews200910A/www.trulia.com/for_sale/resale,new_homes_lt/reducedamt;d_sort/365_pr/Boston,MA/" style="color: rgb(0, 102, 204); font-family: arial; font-size: 12px; text-decoration: none; font-weight: bold;" target="_blank">Boston MA 33% $45,619,224

Price slashed luxury homes

Chateau Villandry in Chicago– reduced $4M

http://www.trulia.com/email/anews200910A/www.trulia.com/property/1080084335-Single-Family-Home-Chicago-IL-60614" style="color: rgb(0, 102, 204); font-size: 11px; font-family: arial;" target="_blank">
$28,000,000 / 6bd / 6ba / 27,000 sqft
Price reduced $4,000,000
Ever dream of living in a place rich with history? Consider this architectural gem. Inspired by French aristocracy, this masterpiece displays impeccable European craftsmanship throughout. From the pillared grand entrance to the finely detailed chandeliers and well-manicured grounds, you will definitely feel enlightened.

http://www.trulia.com/email/anews200910A/www.trulia.com/IL/Chicago/#for_sale/Chicago,IL/resale,new_homes_lt/reducedamt;d_sort/365_pr/%20" target="_blank">


Medieval getaway in Phoenix– reduced $1.5M

http://www.trulia.com/email/anews200910A/www.trulia.com/property/1083980446-41-Biltmore-Est-Phoenix-AZ-85016%20%20" style="color: rgb(0, 102, 204); font-size: 11px; font-family: arial;" target="_blank">
$10,995,000 / 9bd / 11.5ba / 17,799 sqft
Price reduced $1,505,000
With an 18,000 sqft estate on 1.03 acres of land, you can easily step back in time and imagine life in King Arthur’s era. From the gated stone entrance to the wooden fixtures and ceilings, it won’t be too hard to adjust. Now, all you need is a white horse.

http://www.trulia.com/email/anews200910A/www.trulia.com/for_sale/resale,new_homes_lt/reducedamt;d_sort/365_pr/Phoenix,AZ/%20" target="_blank">


Luxury hideout in Las Vegas – reduced $2M

http://www.trulia.com/email/anews200910A/www.trulia.com/property/1078510013-23-Golden-Sunray-Ln-Las-Vegas-NV-89135" style="color: rgb(0, 102, 204); font-size: 11px; font-family: arial;" target="_blank">
$9,950,000 / 6br / 6ba / 12,786 sqft
Price reduced $2,050,000
Do you dream of living in the bright lights, dramatic architecture and lifestyle of Sin City? Maybe you should make it a reality. Reduced over $2M, this custom tri-level home includes the finest finishes, a disappearing edge waterfall and an in-ground spa – just to name a few. And, since there’s a view of The Strip, you’ll never be far away from the party.

http://www.trulia.com/email/anews200910A/www.trulia.com/for_sale/resale,new_homes_lt/reducedamt;d_sort/365_pr/Las_Vegas,NV/" target="_blank">

 
House of the week | Tuscan-inspired estate
http://www.trulia.com/email/anews200910A/www.trulia.com/property/45062554-40524-Tim-Tam-Ct-Leesburg-VA-20176%20" style="color: rgb(0, 102, 204); font-size: 11px; font-family: arial;" target="_blank">House of the week
$2,300,000 / 5bd / 5.5ba / 7,700 sqft
http://www.facebook.com/sharer.php?u=http%3A%2F%2Fwww.trulia.com%2Fproperty%2F45062554-40524-Tim-Tam-Ct-Leesburg-VA-20176&t=40524%20Tim%20Tam%20Court%2C%20Leesburg%20VA%20-%20Trulia" target="_blank">
Want to enjoy endless views of valleys and mountains while you are grilling in your outdoor kitchen or enjoying a mojito on the patio? If so, check out this Tuscan-inspired estate in Leesburg, VA made of only the finest materials and include state-of-the-art entertainment systems.

http://www.trulia.com/email/anews200910A/www.trulia.com/property/45062554-40524-Tim-Tam-Ct-Leesburg-VA-20176" target="_blank">

Review your homeowner's insurance policy annually
http://www.statefarm.com/insurance/homeowners/homeowners.asp?WT.svl=4" target="_blank">
Celebrity home sightings | Get your superficial fix here
http://www.trulia.com/email/anews200910A/www.trulia.com/property/1086322929-216-Old-Montauk-Hwy-Montauk-NY-11954%20%20" style="color: rgb(0, 102, 204);" target="_blank">
http://www.trulia.com/email/anews200910A/www.trulia.com/property/1086322929-216-Old-Montauk-Hwy-Montauk-NY-11954" style="color: rgb(0, 102, 204); text-decoration: none; font-size: 11px; line-height: 13px; font-family: arial; font-weight: normal; text-align: left;" target="_blank">Ponzi schemer Bernie Madoff is selling his Montauk oceanfront retreat with a two-story fireplace and panoramic views of the beach
$8,750,000
4bd / 3ba / 3,000 sqft
http://www.facebook.com/sharer.php?u=http%3A%2F%2Fwww.trulia.com%2Fproperty%2F1086322929-216-Old-Montauk-Hwy-Montauk-NY-11954&t=216%20Old%20Montauk%20Highway%2C%20Montauk%20NY%20-%20Trulia%20" target="_blank">
http://www.trulia.com/email/anews200910A/www.trulia.com/property/38855879-363-Copa-De-Oro-Rd-Los-Angeles-CA-90077" style="color: rgb(0, 102, 204);" target="_blank">
http://www.trulia.com/email/anews200910A/www.trulia.com/property/38855879-363-Copa-De-Oro-Rd-Los-Angeles-CA-90077" style="color: rgb(0, 102, 204); text-decoration: none; font-size: 11px; line-height: 13px; font-family: arial; font-weight: normal; text-align: left;" target="_blank">Previously owned by Tom Jones and Dean Martin, Nicolas Cage lists his Tudor mansion in prime Bel Air boasting hidden rooms and staircases
$17,500,000
7bd / 9ba / 11,817 sqft
http://www.facebook.com/sharer.php?u=http%3A//www.trulia.com/property/38855879-363-Copa-De-Oro-Rd-Los-Angeles-CA-90077&t=363%20Copa%20De%20Oro%20Road,%20Los%20Angeles%20CA%20-%20Trulia%20" target="_blank">
http://www.trulia.com/email/anews200910A/www.trulia.com/property/45450185-601-4th-St-PH3-San-Francisco-CA-94107" style="color: rgb(0, 102, 204);" target="_blank">
http://www.trulia.com/email/anews200910A/www.trulia.com/property/45450185-601-4th-St-PH3-San-Francisco-CA-94107" style="color: rgb(0, 102, 204); text-decoration: none; font-size: 11px; line-height: 13px; font-family: arial; font-weight: normal; text-align: left;" target="_blank"> Evan Williams, CEO of Twitter, and his wife are selling their Manhattan-style S.F. penthouse, located in the historical Heublein Building
$1,498,000
2bd / 2ba
http://www.facebook.com/sharer.php?u=http%3A%2F%2Fwww.trulia.com%2Fproperty%2F45450185-601-4th-St-PH3-San-Francisco-CA-94107&t=601%204th%20Street%20%23PH3%2C%20San%20Francisco%20CA%20-%20Trulia" target="_blank">
Advice & opinions | Get insightful, fast, FREE advice on home buying & selling
Question of the week

Q: http://www.trulia.com/email/anews200910A/www.trulia.com/voices/Home_Buying/When_a_buyer_legally_cancels_a_contract_what_is_t-169225--oldest" style="color: rgb(0, 102, 204); text-decoration: none; font-weight: bold; font-size: 12px;" target="_blank"> When a buyer cancels a contract, what is the time frame for the seller to sign and return the release form?
The answer will depend on whether or not an escrow deposit has already been made. If no escrow deposit has been made, then I be surprised if you ever heard from the seller again.…
Asked by Gary, Other/ Just Looking in Orlando, FL
http://www.trulia.com/email/anews200910A/www.trulia.com/voices/Home_Buying/When_a_buyer_legally_cancels_a_contract_what_is_t-169225--oldest" style="color: rgb(0, 102, 204); font-family: arial; font-size: 12px; text-decoration: none; font-weight: normal;" target="_blank"> Read more or reply »
Real estate eye candy | Trulia picks
Sweet price reductions

What do a new construction, country club estate and Romanesque Castillo have in common? All have had price cuts!
http://www.trulia.com/email/anews200910A/www.trulia.com/property/1040279731-2427-Overhill-Rd-Charlotte-NC-28211" style="color: rgb(0, 102, 204);" target="_blank">
http://www.trulia.com/email/anews200910A/www.trulia.com/property/1040279731-2427-Overhill-Rd-Charlotte-NC-28211" style="color: rgb(0, 102, 204); text-decoration: none;" target="_blank"> Charlotte, NC
$1,950,000
5bd / 7.5ba

Price reduced $445,000
http://www.trulia.com/email/anews200910A/www.trulia.com/mortgage/calculator/payment/property/1040279731-2427-Overhill-Rd-Charlotte-NC-28211" style="color: rgb(0, 102, 204); text-decoration: none;" target="_blank"> Calculate mortgage

http://www.facebook.com/sharer.php?u=http%3A//www.trulia.com/mortgage/calculator/payment/property/1040279731-2427-Overhill-Rd-Charlotte-NC-28211&t=Mortgage%20Payment%20Calculator%20-%20Trulia" target="_blank">

http://www.trulia.com/email/anews200910A/www.trulia.com/property/1077006801-4291-Country-Club-Dr-Long-Beach-CA-90807" style="color: rgb(0, 102, 204);" target="_blank">
http://www.trulia.com/email/anews200910A/www.trulia.com/property/1077006801-4291-Country-Club-Dr-Long-Beach-CA-90807" style="color: rgb(0, 102, 204); text-decoration: none;" target="_blank"> Long Beach, CA
$2,995,000
4bd / 4 full 2 partial ba /
6,829 sqft
Price reduced $395,000
http://www.trulia.com/email/anews200910A/www.trulia.com/mortgage/calculator/payment/property/1077006801-4291-Country-Club-Dr-Long-Beach-CA-90807%20%20" style="color: rgb(0, 102, 204); text-decoration: none;" target="_blank"> Calculate mortgage

http://www.facebook.com/sharer.php?u=http%3A%2F%2Fwww.trulia.com%2Fmortgage%2Fcalculator%2Fpayment%2Fproperty%2F1077006801-4291-Country-Club-Dr-Long-Beach-CA-90807&t=Mortgage%20Payment%20Calculator%20-%20Trulia%20" target="_blank">

http://www.trulia.com/email/anews200910A/www.trulia.com/property/1083225000-5170-Rancho-Verde-Trl-San-Diego-CA-92130" style="color: rgb(0, 102, 204);" target="_blank">http://www.trulia.com/email/anews200910A/www.trulia.com/property/1083225000-5170-Rancho-Verde-Trl-San-Diego-CA-92130" style="color: rgb(0, 102, 204);" target="_blank">
http://www.trulia.com/email/anews200910A/www.trulia.com/property/1083225000-5170-Rancho-Verde-Trl-San-Diego-CA-92130" style="color: rgb(0, 102, 204); text-decoration: none;" target="_blank"> San Diego, CA
$2,795,000
5bd / 5.5ba / 6,200 sqft

Price reduced $555,000
http://www.trulia.com/email/anews200910A/www.trulia.com/mortgage/calculator/payment/property/1083225000-5170-Rancho-Verde-Trl-San-Diego-CA-92130%20" style="color: rgb(0, 102, 204); text-decoration: none;" target="_blank"> Calculate mortgage

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Wednesday, October 7, 2009

10/07/2009 EarlyBird News

---------- Forwarded message ----------
From: Florida Realtors <earlybird@email.floridarealtors.org>
Date: Wed, Oct 7, 2009 at 3:06 PM
Subject: 10/07/2009 EarlyBird News
To: john@johnjrose.com


EarlyBird News

Daily Briefing: Wednesday, October 7, 2009
A service for members of Florida Realtors®

TODAY'S TOP STORIES

Court rules against short-sale commission cut

A new quasi-federal rule forbids some commission cuts in a short sale; separately, an Iowa court opposed last-minute cuts. Read more.

Fla. DCA: Local cities keep growth rules

In Senate testimony, DCA chief Tom Pelham said a Fla. law does not override local growth management laws. Read more.

Recession takes $730M of local tax revenues

The decline in property values continues to impact local governments; 2/3s of counties report lower tax collections. Read more.

Fla. panel seeks answers on rates, solvency

The state's insurance commissioner testifies some companies would go out of business after a major hurricane strike. Read more.

Private investors dominate foreclosure market

A federal program to acquire vacant property for rehab has a problem: Investors shut it out by buying the discounted homes first. Read more.

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NOW YOU KNOW

Americans on the move choose college towns

Four Fla. cities made a list of top cities in number of new residents - Cape Coral, Lakeland, Palm Bay and Bradenton. Read more.

AROUND FLORIDA

Sarasota County: State voices concern with Villages impact
Venice: Housing permits at rock bottom
Delray Beach: City to build affordable housing

HAVE A LOOK AT OUR OTHER SITES

Great Time to Buy: buynow.floridarealtors.org
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Overlooked FHA Loan Ideal for Foreclosure Buyers

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