Home sales and prices are hitting bottom hard as previously posh neighborhoods with green lawns and filled with plants and flowers are turned into barren moon-like landscapes as house sales dwindle to ever lower levels. The figures for February shows them at 5.03 million units but March has them only at 4.03 % meaning less and less are being sold. These properties include existing single-family homes, townhouses, condominiums and co-op’s. Regionally, sales were nice in the Northeast and the West but very bad for the Midwest and South as everybody is touched by the effects of the sub-prime lending market problems that has rocked the world’s financial services.
Some prefer agent some call themselves Realtors but all of them know that dealing with foreclosed properties are indeed risky which makes them quite cautious when offering people these types of estates. This makes it not only risky but quite dangerous to their reputations so they recommend short sales instead. Short sales have buyers and sellers of erring properties dealing with each other with the lender in between ready to turn their sleeping investment into cash before the owner really defaults on the housing loan. Read more »
- Credit cards can serve as a glue spreader or shims. Keep them.
- Lubricate with wax or soap when driving screws into dense hardwoods to prevent stripping the hole.
- When fastening templates, a double sided carpet tape is enough to prevent leaving nail or screw holes.
- An old electric carving knife can be used as an alternative as a foam saw for upholstery projects.
- To prevent the grip of the hammer with the nail head from slipping, sand the head of the hammer with a sandpaper.
- Do not work with electrical and plumbing projects you are not really knowledgeable about. It may cost even more damage and is also dangerous.
- Place a masking tape on the surface of a ceramic tile or a stone when drilling through it. This method will make the drilling easier and will help place the drill at one place.
- Save money by shopping at a local re-use center for bathroom renovations. There are still several great pieces of marble or granite left over from larger jobs that can be a right size for a bathroom countertop.
- Make sure to teach your family and yourself how to turn off the main water shut-off valve incase of emergency.
- An installation of a whole-house water filter does not only provide clean water, but it also reduces the chance of having to clean up the pipes. This will save up many costly repair for bills.
- Regularly schedule a maintenance in your house to keep its preservation. Always keep outside elements from the house such as water, wind, cold, and heat.
Image by K2Advisory
An article on the San Francisco Chronicle” tells of a story regarding the lengths people (real estates agents) are going or turning to just to stay in the business. Strategies such as a Florida agent who made a market for people who love the nude in the sunny and resort state having a tagline saying “Skip the outfit, wear the lifestyle”. Another area that has seen much improvement is the aspect of agents who offer specially chosen homes for pet lovers and those who love other animals, recommending those areas whose neighborhoods which have good reception regarding pets. Nearby parks, animal clinics and other people in the neighborhood who may have the same passion for pets are banding together in getting Fido the best possible place to live and be loved along with his family. There are a lot of pet owners who have had to turn down offers for properties that they love only to find out that the place does not allow pets.
The bailout may be responsible for this sudden rise in the figures pertaining to new home sales for last month showing some positive movement. It may be too early to say if it is indeed the much awaited recovery but it went as soon as it came. People have been looking hard at the figures with skepticism and with good cause. They were right and the move was a simple glitch in the prevailing mood of the real estate market. Maybe the economic bailout is having a somewhat temporary effect on the economy that is being reflected in these figures, time will tell. Read more »
The Chief of the US Department of Housing and Urban Development Secretary Alphonso Jackson steps down from his office due to pressure from Congress amidst rumors of an ethics committee investigation. He is to leave office officially on the 28th. of April which is seen by some as a sure sign of the White House’s search for a solution to the current housing market problems that is leaving people out of their homes. He has been accused of ethics violations which involves favoritism in the selection of HUD contractors. One case in particular has his department (when Jackson was still a construction manager during the Katrina Disaster rebuilding period) receiving more than $300,000 along with a friend.
Moves for housing starts and construction permits continue to be down as the housing market enters a seemingly surreal state of non-movement. Excess supplies of homes with no buyers and almost no applications for the construction of new ones compared to other years. This solidifies the belief that most if not all people who are thinking of purchasing or buying new houses have moved to halt all plans in hopes of waiting for the smell of stability in the air. The expulsion of the HUD’s director signifies the dire need for more regulation, monitoring and control of most agencies that handle financial resources. Corruption has become commonplace that many do it yet never admit to it. Permits issuance in the Northeast and South were indeed positive while in the Midwest it was down a miserable 10.65 with the West faring worst at a decline of almost 20%.
People work hard to save and normally this is aimed at buying properties once they have the proper funds to make a purchase. Now if saving is long enough, observe why people are not all that impressed initially. They will always want to make the most of what they have and choose carefully. It is not easy to disburse money for a property especially if you haven’t done your homework.
Earnings are hard to set aside. But you will always want the best for what you have sacrificed. If you make the right choice and the proper analysis, the final decision is something you will live in for the rest of your life until you retire.
Mortgage rates are the main culprit in the current housing crisis that has swept America by surprise leaving many people without houses and not the other way round. Many in the real estate market wish to clear this up for many are blaming them for the sub-prime credit problems which were in fact the cause of the very much unstable housing market. Forecasts of a slowing economy coupled with a rise in unemployment insurance claims have further complicated the situation preventing it from bouncing back to acceptable levels. Insurance firms are opting not to renew housing insurance due to high risks of ending up with tons of foreclosed properties that nobody wants to buy. The money market shouts “Housing Market Depression”, yet financial markets are faring worse for the US dollar is losing strength especially when the Euro is gaining ground on financial markets all over the world.
One of the big questions a person comes across with in one of his phases in life is what to do with the money he has saved. For comfort women, who had received funds and is having a dilemma of whether how to spend the money on in terms of shelter, provided is a list advantages and disadvantages of relocating or remodeling.
Giving a brief background, the Asian Women’s Fund is a fund allotted in 1994 by the Japanese government for comfort women across the continent such as Indonesia, Netherlands, South Korea, Philippines, and Taiwan. It is distributed to compensate the painful and immeasurable experiences comfort women had undergone through. With the fund dissolved to each comfort women on 2007 of March, along with a sign apology from the prime minister of Japan, saying, “As Prime Minister of Japan, I thus extend anew my most sincere apologies and remorse to all the women who underwent immeasurable and painful experiences and suffered incurable physical and psychological wounds as comfort women.”
Moving into a place you are in favor of may be excitingly scary, but negotiations of selling and purchasing can be very stressful.
- Getting a fresh start
- Having more focus on your family
- Familiarity with financing options
- Favorable income-tax consequences
- Cost of transaction is very high
- Logistically hassle
Even though you are staying to an environment you may be already tired of, renovating can make your rooms just the way you like it.
- Familiarity with surroundings
- Construction Hassles
Image by afw and jaybaileyrealestate