Monday, October 18, 2010

Is The American Dream of Homeownership dying?

For many, the American Dream includes the idea of homeownership.  A great article in the New York Times got me thinking…  Is the American Dream of homeownership dead?  What happened to the idea that you buy a home as a lifelong investment, sit pretty, pay your mortgage, and just watch the value of your home increase.  Those who believed that home prices never fall have been smacked in the face.  We as a nation now deal with the reality that since their national peak in 2006, home prices have fallen by 29%.  Those in Las Vegas and Phoenix are down so significantly homeowners are literally stuck in a dark hole hopeful there is an end in sight.
We depended on the housing market to drive the economy, and at the same time depend on the performance of the economy to drive the housing market.  So what now?
Call me naive, but I think everybody needs to put a little faith in the market.  Buyers need to regain confidence in homes as an investment and real estate professionals need to help them feel confident as bruised and as battered as they may be now.
Do you think the dream of homeownership is still alive? How has it changed?

Wednesday, August 11, 2010

Highest Overall Satisfaction Amongst Homebuyers

Keller Williams Realty Named Highest Ranked in Home Buyer Satisfaction by J.D. Power and Associates for Third Straight Year!



According to the J.D. Power and Associates 2010 Home Buyer/Seller StudySM, Keller Williams Realty, Inc., the third largest real estate company in the United States, has received the highest overall satisfaction ratings from home buyers among the largest full-service real estate firms for the third year in a row. The company also ranked second among home sellers in the study for the second year in a row.


The study was produced by J.D. Power and Associates to measure home buyers and sellers customer satisfaction. The results of the home-buying experience were determined by three factors including the buyer’s experience with their agent, the real estate office and a variety of additional services. Keller Williams Realty performed particularly well in the agent and office factors. And, overall satisfaction of buyers for the industry was up over last year.


Additionally, the study noted that the importance of real estate agents has increased substantially in the past year, with buyers and sellers relying on the negotiating skills of their chosen agent and help in navigating the market.



In the past year, Keller Williams Realty has continued to grow despite the well-publicized turmoil in the real estate industry. In addition to becoming the 3rd largest real estate company in the U.S., surpassing RE/MAX®, Keller Williams Realty was ranked as the No. 1 real estate franchise on the 31st Annual Franchise 500 list by Entrepreneur magazine and was voted the Most Recognizable Brand of Real Estate Franchises and the Trendsetter of the year for 2009 in an industry-wide survey.

Monday, July 12, 2010

Smart Kitchen Solutions



Monday, June 28, 2010

What does this mean to you??

No one said it was going to be easy and that life would be smooth sailing without any struggles, risks, or obstacles to overcome. Things don't always go our way. Even as an child, you got hungry, tired, sick, and frustrated by so many things that you can't comprehend.
As we grow up, you begin to understand how you could control certain elements of your environment, yet still suffer from all the troubles. It appears that life is a struggle until the day we die, and we always want more. It's how we cope and view these incidents that determine our character.

With constant news of starving people, natural disasters, political problems, pollution, and health concerns, how can we feel good about ourselves? The news apparently sucks, which is why I am trying to go on a news diet. It almost seems to hold us back subconsciously from achieving certain goals.  If you look deep enough, you can find a positive in everything.

For almost three years now, we have been told just how bad the housing market is and how bad it could possible get. Yes, many people have lost money in there homes, but isn't now a time to invest even more in your future and the future of your home? I found some positive in the county I live in...


According to The Maryland State Association of Realtors in May Prince Georges County showed the most significant increase in sales with a 61.7 % increase in pending units sold! P.G. County home sales surged from 494 last May to 799 this year. That is pretty amazing!

Big Question is what will 2011 bring?

Sixty of the top 100 metropolitan markets are seeing positive appreciation, according to Corelogic -- and that's a huge difference from a year ago, when all 100 of the same market were reading negative.
So, don't get worked up over by a month's worth of sales numbers. Look at the longer-term pattern -- and you'll see that things are pointing to positive.

America has always pulled through the hard times. The way we will get through this is to have a positive outlook on things and realize that it is going to get better eventually. And when it does, the market will be stronger than ever. As of today the mortgage rates are at record lows. It's time for this generation of first time home buyers and investors to sink capitol into the housing market. After all, some may never see this again in their lifetime. We can choose to allow the constant bombardment of negativity ruin our psyche, or ignore the obvious taunts and move forward with a good attitude. It is time to invest into our future!

Wednesday, June 9, 2010

Mortgage Interest Rates Cemented at Record Low

June 8, 2010 – If you haven’t gotten around to it yet, you may want to lock a fixed mortgage rate today. 30-year fixed mortgage rates are still at 4.375% for well-qualified borrowers paying a point origination. 15-year fixed mortgage rates remain at 3.875%. These rates are verified by FreeRateUpdate.com research of over two dozen wholesale lenders’ rate sheets for brokers.

Today’s FHA mortgage rates continue to mirror conforming mortgage interest rates. That means FHA 30-year fixed-rate loans are available today at 4.375% as well, a record low. Despite the same note rate, APR on an FHA loan is typically higher because of MI and other FHA fees.



Today’s jumbo mortgage rates, also at record lows, are steady. Today’s jumbo 30-year fixed-rate is 5.375%.

Wells Fargo, the nations leading originator by volume, is offering a 30-year fixed rate today of 4.75 with an APR of 4.939%.

Mortgage-backed securities, which drive mortgage rates in the opposite direction, are up today +2/32 (FNMA 30-yr 4.5 at 102.30), not enough to move mortgage rates.

To display today’s mortgage rates on your website or blog, please use our free mortgage rates widget. Ed Ferrara

Wednesday, June 2, 2010

Visit houselogic.com for more articles like this.

Copyright 2010 NATIONAL ASSOCIATION OF REALTORS®

Thursday, April 29, 2010

Tips On How to Conserve Your Water

Everyone wants to "Go-Green"and that includes using less energy and water. Spring is here and summer is around the corner. Here's a few tips on using less water and saving you money!


Indoors
*Take shorter showers. Replace you shower head with an ultra-low-flow version. Some units are available that allow you to cut off the flow without adjusting the water temperature knobs They can be very inexpensive and they can save you up to 750 gallons of water each month!* Never put water down the drain when there may be another use for it such as watering a plant or garden, or cleaning.
* Washing Clothes. Energy Star rated appliances reportedly use 30 to 50 percent less water, not to mention giving you incredible energy savings. Consider replacing your old washer with a newer, more efficient one.
* Avoid flushing the toilet unnecessarily. Dispose of tissues, insects and other such waste in the trash rather than the toilet. This may sound funny, but we all do it.

*Repair dripping faucets by replacing washers. If your faucet is dripping at the rate of one drop per second, you can expect to waste 2,700 gallons per year which will add to the cost of water and sewer utilities, or strain your septic system.
*One thing that I am guilty of is letting water run while shaving or washing my face. Brush your teeth first while waiting for water to get hot, then wash or shave after filling sink.


Outdoors
* Try not to hose down your driveway or sidewalk. Use a broom to clean leaves and other debris from these areas. Using a hose to clean a driveway can waste hundreds of gallons of water.
* This may sound a little funny but if you raise the lawn mower blade to at least three inches. A lawn cut higher encourages grass roots to grow deeper, shades the root system and holds soil moisture better than a closely-clipped lawn.
*If you wash your own car, it can take about 120 gallons a week. There are commercial car washes that recycle water you might want to consider.
*If you are lucky enough to have a pool..Well, then you have a pool. :) They are a lot of maintenance and use a lot of water. Consider a new water-saving pool filter. A single back flushing with a traditional filter uses from l80 to 250 gallons or more of water.
These are points I'm sure we all have heard but it's good to think about the little things that help us save money and of course the environment. Hope this Helps, Cheers!