 Home | Profile | Archives | Blog Manager Recent PostsAnother Amazing Project in the WorksSome of the more common loan types and the needed paperwork What is a Foreclosure? ****LAS VEGAS REAL ESTATE**** What is a Short Sale?  RSS Blog Feed
CategoriesAbout Las Vegas & Real EstateMiscellaneous Mortgages Listings Condo Living Household Safety Tips Food The Young Senior Citizens Holidays Networking Real Estate Process Real Estate Terms Sellers Buyers Favorite LinksMy Web SiteMy Other Web Site Wanda's Country Home FoundingFamily.org 
You can find great local Nevada real estate information on Localism.com Mary Warren is a proud member of the ActiveRain Real Estate Network, a free online community to help real estate professionals grow their business. ArchivesJanuary 2007Gradual Rise Projected for Home SalesPosted at 7:30 PM, Jan. 21, 2007After bottoming in the fourth quarter of 2006, existing-home sales are forecast to gradually rise through 2007 and into 2008, while new-home sales should turnaround by summer, according to the latest forecast by the National Association of Realtors®.David Lereah, NAR's chief economist, said annual totals for existing-home sales will be fairly comparable between 2006 and 2007. "We have to keep in mind that we were still in boom conditions during the first quarter of 2006 with a high sales volume and double-digit price appreciation," he said. "We're starting 2007 from a relatively low point, so even with a gradual improvement in sales it'll be pretty much of a wash in terms of annual totals. The good news is that the steady improvement in sales will support price appreciation moving forward." Existing-home sales for 2006 are expected to come in at 6.50 million, the third highest on record, with a total of 6.42 million seen in 2007. New-home sales in 2006 should tally 1.06 million, the fourth highest on record, with 957,000 projected this year. Total housing starts for 2006 are likely to be 1.81 million units, with 1.51 million forecast in 2007, which would be the lowest level in a decade. Builders are pulling back on new construction to support prices of remaining inventory. The 30-year fixed-rate mortgage will probably rise to 6.7 percent by the fourth quarter of 2007. Last week, Freddie Mac reported the 30-year fixed rate at 6.18 percent - far below earlier consensus forecasts. "The current interest rate environment and housing inventory levels present a window of opportunity for potential buyers," Lereah said. The national median existing-home price for all of 2006 is expected to rise 1.1 percent to $222,100, and then gain 1.5 percent this year to $225,300. The median new-home price, after rising only 0.3 percent to $241,600 in 2006, is projected to grow 3.0 percent in 2007 to $248,900. "With all the wild projections by academics, Wall Street analysts and others in the media, it appears that much of the housing sector is experiencing a soft landing," Lereah said. "Despite the doomsayers, household wealth will not evaporate and the economy will not go into a recession. If you're in it for the long haul, housing is a sound investment." The unemployment rate is likely to average 4.8 percent this year, following a rate of 4.6 percent in 2006. Inflation, as measured by the Consumer Price Index, is expected to be 2.2 percent 2007, down from 3.2 percent last year, while growth in the U.S. gross domestic product is seen at 2.5 percent in 2007, compared with 3.3 percent last year. Inflation-adjusted disposable personal income should grow 3.4 percent this year, following a rise of 2.7 percent in 2006. First Impressions CountPosted at 10:04 PM, Jan. 20, 2007A home that is visually appealing and in good condition could possibly attract potential buyers that are driving down the street. Take the drive yourself and look at your home objectively and critically through a potential buyer's eyes. Take notes of what you see. Would your home attract your attention, if not, here are a few tips to give your home curb appeal.
Giving a home curb appeal is the first step in getting your home ready for sale. Real Estate Broker or Real Estate Agent, What is the Difference?Posted at 8:28 PM, Jan. 19, 2007From Wikipedia, the free encyclopediaIn the US, real estate brokers and their salespersons (commonly called "real estate agents") assist sellers in marketing their property and selling it for the highest possible price under the best terms. When acting as a Buyer's agent with a signed agreement (or, in many cases, verbal agreement), they assist buyers by helping them purchase property for the best possible price under the best terms. Without a signed agreement, brokers may assist buyers in the acquisition of property but still represent the seller and the seller's interests. In most jurisdictions in the United States, a person is required to have a license in order to receive remuneration for services rendered as a real estate broker. Unlicensed activity is illegal, but buyers and sellers acting as principals in the sale or purchase of real estate are not required to be licenced. In some states, lawyers are allowed to handle real estate sales for compensation without being licenced as brokers or agents. { 0 comments } { add comment } { Permanent Link }
View more entries tagged with: Real Estate Agent, Real Estate Broker REALTORS® Code of EthicsPosted at 9:29 PM, Jan. 18, 2007I am on the Professional Standards Committee of my local Board of REALTORS® (GLVAR). This is my 2nd year, each year we have to take a 'training class' which basically reviews and informs us of updates in the REALTORS® Code of Ethics. In additional all REALTORS® have to take Quadrennial REALTOR® Ethics Training. Yesterday I along with about 100 other local REALTORS® took the yearly Professional Standards Training class. It's amazing how over the years much of the terminology in the Code of Ethics has changed. Many of the updates this year had to do with the internet and electronic forms. There are 3 specific duties addresed in the REALTORS® Code of Ethics:
Please click on this link for a full copy of the REALTORS® Code of Ethics { 0 comments } { add comment } { Permanent Link }
View more entries tagged with: Realtors Code Of Ethics, Real Estate WannaNetworkPosted at 8:35 PM, Jan. 17, 2007What is Real Estate Networking and how can it help you? Networking is defined as; a supportive system of sharing information and services among individuals and groups having a common interest, according to the dictionary. So Real Estate Networking would be individuals or groups of Real Estate Professionals looking to share information and services. How does Wanna Network play a role in Real Estate Networking, it's the supportive system bringing the Real Estate Professionals together so they can share information and services.
www.WannaNetwork.com was created for Real Estate Professionals by Real Estate Professionals for the following reasons:
1. To create a strong Real Estate Networking Community 2. To help promote Real Estate Professionals 3. An easy way to exchange referrals 4. To inform and educate consumers 5. To develop business relationships 6. To increase business
www.WannaNetwork.com has been successful in creating a strong Real Estate Networking Community. Many of our members are receiving great placement in the Search Engines. Wanna Network has received numerous emails from members advising they have received referrals from other members and they are building new and exciting business relationships.
Join www.WannaNetwork.com today to share your ideas, develop referral relationships, ask for advice, and meet new colleagues! Did I forget to mention it is FREE?
Wanna Network was recently recognized in REALTOR® Magazine, to read the article click on the link below:
http://www.realtor.org/rmomag.NSF/pages/salesshortsjan07?OpenDocument .
Lets Network! { Last Page } { Next Page } |
View more entries tagged with: Sellers, Buyers