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Stimulus All Locations : Nationwide Real Estate Advice

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  • Home Buying262K
  • Home Selling44K
  • Market Conditions26K

Activity 650
Showing results for Stimulus [Clear search]
Tue May 8, 2012
Charlie Fazio answered:
Good Morning Kimberly,

Thank you for your message this morning! To answer your question Yes, the Des Moines market is what we would call stable right now.

Home buyers are purchasing homes at a faster pace during the first three months of 2012. That's quicker than last year and right on track with 2010 when the Federal Tax Stimulus was ending in April of that year. The number of Pending Transactions on the books as of March 31st was 1,626 compared to 1,260 in 2011 and 1,670 in 2010.

Yet there is a very noticeable lack of listings coming on the market this spring. As of this last week, we have 888 fewer listings than at this time last year. This isn't a local phenomenon either... nationally, many markets are reporting a lot of buyer activity and in many cases multiple offers! Yet listing inventories are down. The other news being reported is that sale prices are down from last year, both nationally and locally. How can that be?

I believe that in our market, with the lower inventory, buyers have less homes to choose from. Many of the homes on the market have been for sale for a long period of time. This is certainly reflected in the Avg Days on Market trending upwards of 130 days compared to 114 just last month. Many new listings on the market are getting multiple offers. This makes sense as buyers are gravitating to the new listings after picking over the old inventory. Buyers are more willing to pay more for fresh listings than they are for older ones, even though there may be nothing wrong with the old ones.

Hopefully this helps answer some of your questions. I would be more than happy to schedule a time to stop and visit with you in person about the market value of your home, as well as discuss listing and marketing options. Please do not hesitate to call or write me any time and thanks again for your message!

Charlie Fazio - Broker Associate



Cell: 515-556-5474
Fax: 515-964-8055
Email: CharlieFazio@remax.net
Web: http://www.FazioRealEstate.com - See Video Tours of my current listings!

RE/MAX Opportunities, Inc.
107 East First Street
Ankeny, Iowa 50021
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0 votes 2 answers Share Flag
Sun Jun 2, 2013
Joseph Runfola answered:
St. George is the obvious answer! So much is happening here. There is an attractive mix of affordable co-ops, and nice old houses on tree-lined streets. St. George is an affordable alternative to neighborhoods like Park Slope and Williamsburg. It is Staten Island's most urban-feeling area, and has found new popularity. St. George is home to the 120th Police Precinct, Family Court, Supreme Court, Borough Hall, Curtis High School, and the St. George Branch of The NY Public Library. There are also lots of small independent restaurants and bars. There is also a green market on the weekends. There is a Ballpark, home to the Staten Island Yankees Class A baseball team, and the St. George waterfront, where you can travel from Staten Island Ferry Terminal to Manhattan in about 25 minutes. St. George, has been called “the new Bushwick,” referring to Brooklyn's up-and-coming hot spot. The rents here are much cheaper than other NYC art communities, and St. George is convenient to the Manhattan Ferry. There is a new multi level parking garage with 728 parking spaces that was built in the old municipal lot, which was dug up to make room for the new courthouse. The St. George Ferry Terminal ramps which serve 23 Staten Island bus lines, the SIRT, and taxi services, are set to receive $175 Million Dollars in stimulus funds. The replacement of the 60 year old ramps is one of the largest federal stimulus projects in NYC. A completion date of 2013 is planned. ... more
0 votes 6 answers Share Flag
Wed Jul 22, 2015
Elliott R. Oliva answered:
You can go a bit over 50% but it also depends on your credit scores, reserves/assets, credit depth and other compensating factors.
0 votes 9 answers Share Flag
Fri May 18, 2012
Jim Park answered:
I was raised in Cameron Park.we have a true 4 seasons. Crime is minimal and almost always above the fog line. There is a private country club/golf course. It has tbat small town feeling yet close to Sacramento. Let me know if you have any questions. Would love to help you. ... more
0 votes 9 answers Share Flag
Fri Feb 17, 2012
Lance King answered:
I could have saved them a lot of money if they just asked me
0 votes 4 answers Share Flag
Mon Feb 6, 2012
Joetta Fort answered:
This happens all the time. I know it makes you feel like something suspicious is going on, but most of the time the listing agent is doing their job and tellling the truth, but things can change quickly.

It's common these days for bank-owned homes in the Denver area to get multiple offers and sell quickly, often for 10% or more above list price. Actually, any well-priced home can get multiple offers in today's local market.
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0 votes 8 answers Share Flag
Mon Jul 11, 2016
Rocky Dole answered:
My lender is Ron Sublett and he has extensive knowledge about FHA loans. His number is (602) 228-4911 or (480) 305-8730. He would be glad to answer any quesitons you may have.
0 votes 9 answers Share Flag
Thu Nov 1, 2012
Linda S. Cefalu answered:
There are many homes available in West Allis. I would be happy to send them to you.
0 votes 6 answers Share Flag
Sun Feb 5, 2012
Michael Cheng answered:
Fri Dec 16, 2011
Tony Ashworth answered:
Dear Morgan,

I say no...

The current rates are amazing, and most people think that rates will go up next year...Money is cheap right now & they can not keep rates this low for much longer!

The unknown of the election SHOULD keep rates similar into next year...Washington can't risk raising interest rates until after the election. Plan on rates staying in the low-mid 4's next year, and potentially moving up in 2013.

Rates are GREAT & inventory is low...why wait & risk it?
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0 votes 5 answers Share Flag
Tue Feb 14, 2012
Tim Moore answered:
Because they have no idea what they are doing so they are trying anything. They threw billions away why not more?
0 votes 16 answers Share Flag
Wed Sep 21, 2011
Bill Parker, CPA* answered:
Hi AlwasyPaidBeforeNow:

I am a bit confused by your question, but I think you are asking us for advice on how to delay foreclosure while you collect rent from the home's current occupant.

Considering it is currently taking lender's an average of something like 400 + days to actually foreclose on a property, I would say just play their game and keep talking to them about your dire situation. They will accomodate you with their inefficient systems.

Good luck, I think... :)
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0 votes 9 answers Share Flag
Wed Apr 11, 2012
Jeanne (Genie) Barfield answered:
You do not have to go too far to find out some information:
http://www.trulia.com/real_estate/San_Jose-California/market-trends/
This is as good as information you are going to get. It is all speculations.
If you go to the green navigation bar at the top of the Trulia site you can
look at the local info for San Jose.
If you are a seller and do not have to move, your best bet is to wait. Just
remember it will not get better over night.
I can't remember a mess like we have now in my past 28 years as a Realtor.
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0 votes 48 answers Share Flag
Sun Feb 5, 2012
Tracey Simms answered:
No, there is not a 1rst time home buyer tax credit currently in effect
0 votes 9 answers Share Flag
Fri Jul 8, 2011
Gregorio Denny answered:
Actually, the loan limits are not dropping, they are just sunsetting the temporary limits that were never meant to be permanent.

On, February 13, 2008, The Economic Stimulus Act of 2008 was signed by then President Bush and temporarily raised GSE limits to a max of $729,750. During the time of this act, then President George W. Bush also signed The Housing and Economic Recovery Act of 2008 which authorized the GSEs to acquire loans as large as $625,500 as of January 1, 2009, (the proposed sunsetting of the stimulus act) by permanently raising the conforming loan limit for "high-cost areas".

The American Recovery and Reinvestment Act of 2009 was signed by now President Obama on February 17, 2009. This bill temporarily reinstated the loan limits that were enacted by the February 13, 2008 Economic Stimulus Act of 2008, signed by President Bush and is due to expire on September 30, 2011. After that date, The Housing and Economic Recovery Act of 2008 will prevail with a maximum GSE limit of $625,500 which is the actual law.

Just a FYI with time lines.
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0 votes 3 answers Share Flag
Tue Aug 30, 2011
Micah Olson answered:
I have not talked to a lender that cares what the Visa status is of a borrower. They normally just want to have established credit, and verifiable income.

I have some friends here on a B1/B2 visa, who have gotten an ITIN, and are building credit using that number. They should be able to buy a home in a year or so.

Micah Olson
801-805-4900
info@effectiveagent.com
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0 votes 5 answers Share Flag
Sun Jul 3, 2011
answered:
It is illegal to require upfront payment for help with a loan modification in the state of Tennessee, see http://www.preventloanscams.org/state_pages/page?id=0060 and http://www.tn.gov/humanrights/loan_scam.html

I am 99.9% sure it was a scam, good for you not giving them any information. I'd report them to 888-995-HOPE

Were you even looking to get help with your mortgage payments, or was this just a random phone call?
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0 votes 4 answers Share Flag
Thu Jan 19, 2012
Tony McMahon answered:
Doesn't matter if people can't qualify to take advantage of it.
0 votes 86 answers Share Flag
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