Monthly Archives: March 2012

Featured League City Gay Realtor: Juan, Keller Williams Realty

Gay Realtor Juan

HAPPY, SATISFIED CLIENTS ARE MY # 1 GOAL! Home-buying and selling can be an exciting, stressful, and busy time. Let me do the work for you. I’m here to help! Consult a knowledgeable, caring professional who promotes a comfortable, friendly work atmosphere. I am a very detail-oriented, dedicated agent who will work as long and hard as it takes to help you reach your goal. Contact me today for a FREE, NO OBLIGATION market analysis or pre-qualification session. I’m available seven days a week. Don’t hesitate to call or email! *Your needs are a priority – I listen to what you want! *I assist home-buyers free of charge! *I can help you find/build a brand new home!

Click here to search for a gay or lesbian real estate agent anywhere in the country.

Professional/Personal Distinctions:

Member of: National Association of Realtors Texas Association of Realtors Houston Association of Realtors Real Estate Professionals Society Bachelor of Science in Business Administration

 

Realtors Specialties:

-Accredited Real Estate Professional (AREP) -Certified Home Marketing Specialist (CHMS) – GREEN REALTOR (GREEN) – Bilingual English/Spanish

 

View Juan’s Complete Profile & Contact his Immediately by Clicking Here

Occasionally we’ll feature one of our top gay real estate professionals here to let our readers know about some of the great Gay Realtors, Lesbian Realtors, Gay Friendly Realtors, and other Real Estate Professionals at GayRealEstate.com

At Gay Real Estate, we keep you posted about all the residential real estate news, gay real estate news and Gay Realtor stories affecting the gay and lesbian home buying and selling community coast to coast, and in your neighborhood!

Click here for list of gay realtors, lesbian realtors and gay friendly realtors Nationwide.

If you have a real estate story that you’d like to share with us with the LGBT community, please contact us at:
manager@gayrealestate.com

Posted on March 30, 2012 in Gay Realtors

Fannie Mae finds Americans remain committed to homeownership

Contract Pending

Home values may be down nationwide, but the majority of Americans surveyed by Fannie Mae in the fourth quarter still prefer homeownership as opposed to renting.

Fannie released its quarterly national housing survey Tuesday morning after interviewing 3,000 Americans between the months of October and December.

Two-thirds of renters surveyed said they hope to buy a home in the future — a trend that subsists across all education levels and demographics.

“In spite of the impact of the housing crisis on home values and homeownership rates across the country, Americans by and large still hope to become homeowners,” said Doug Duncan, vice president and chief economist of Fannie Mae. “Some may not be financially positioned to own a home in the near future, but Americans may begin to revisit that aspiration as employment and household balance sheets improve over the coming years.”

Still, Duncan noted that many renters are fearful of homeownership and believe it would be “difficult for them to get a home.”

“A point of concern for the industry is that some consumers find the mortgage shopping process difficult to navigate” Duncan explained. “If potential homeowners avoid the process because they believe it to be too complex, we will likely see a continued impact on homeownership rates.”

As for why Americans search for homes, Duncan said the quality of local schools continues to be a top draw for homebuyers.

Even as Americans continue to dream of owning their own home, Duncan said fewer citizens view their homes as high potential investments and the “perceived safety of owning a home,” has trended downward in the past few years.

 

The author of this article is: Kerri Panchuk

 See the original post at: http://www.housingwire.com/article/americans-committed-homeownership-goals-fannie

At GayRealEstate.com, we keep you updated with all the gay realtor, lesbian realtor, gay realty, gay real estate and general real estate news affecting the LGBT community coast to coast, and in your neighborhood.

            Click here for list of gay realtors, lesbian realtors and gay friendly realtors Nationwide.


If you have a real estate story that you’d like to share with us with the gay and lesbian real estate community, please contact us at:
manager@gayrealestate.com

Posted on March 30, 2012 in Home Ownership

California pending home sales shoot up in February

California Republic

Pending home sales shot up in California during the month of February as more buyers signed contracts to acquire homes, the California Association of Realtors said Monday.

C.A.R.’s pending home sales index grew from 102.3 in January to 127.8 in February.

The index is based on the number of pending sales contracts signed each month. Contract activity is a sign of future home sales activity, and a sign of just how strong the home sales market is in certain areas.

In February, the share of distressed sales recorded in California fell due to a lack of inventory in the bank-owned segment and in the short-sale market, CAR said.

“In fact, REO inventory declined 24% in February from the previous year, while short sale inventory dropped 17% during the same period,” said C.A.R. President LeFrancis Arnold.

Equity sales in California made up 51.1% of home sales in February, compared to 49.9% and 44.8% of all sales in January 2012 and February 2011, respectively.

 

The author of this article is: Kerri Panchuk

 See the original post at: http://www.housingwire.com/article/pending-home-sales-shoot-february-0

At GayRealEstate.com, we keep you updated with all the gay realtor, lesbian realtor, gay realty, gay real estate and general real estate news affecting the LGBT community coast to coast, and in your neighborhood.

            Click here for list of gay realtors, lesbian realtors and gay friendly realtors Nationwide.


If you have a real estate story that you’d like to share with us with the gay and lesbian real estate community, please contact us at:
manager@gayrealestate.com

Posted on March 30, 2012 in Home Sales

Pending home sales ease down in February

Blurred House Sale

Pending home sales fell slightly in February, but still remain well above levels set in the first half of 2011, the National Association of Realtors said Monday.

The NAR Pending Home Sales Index is a forward-looking indicator of housing activity based on contract signings.

The index hit a level of 96.5 in February, down 0.5% from a score of 97 in January. Still, it remains 9.2% above the February 2011 index score of 88.4.

The data provided reflects the number of contracts signed, but not closings.

“The spring home-buying season looks bright because of an elevated level of contract offers so far this year,” said Lawrence Yun, NAR’s chief economist. “If activity is sustained near present levels, existing-home sales will see their best performance in five years. Based on all of the factors in the current market, that’s what we’re expecting with sales rising 7% to 10% in 2012.”

Still, pending home sales slipped 0.6% in the Northeast with the index score dropping to 77.7 in February. That is 18.4% above year ago levels.

The index in the Midwest grew 6.5% to an index score of 93.8 and is 19% higher than February of 2011. Meanwhile, pending home sales in the South declined 3% to an index score of 105.8 in February. Still, that is 7.8% above year ago levels.

The West saw its index score fall 2.6% in February to 99.3 — 1.8% below February 2011 levels.

 

The author of this article is: Kerri Panchuk

 See the original post at: http://www.housingwire.com/article/pending-home-sales-ease-down-february

At GayRealEstate.com, we keep you updated with all the gay realtor, lesbian realtor, gay realty, gay real estate and general real estate news affecting the LGBT community coast to coast, and in your neighborhood.

            Click here for list of gay realtors, lesbian realtors and gay friendly realtors Nationwide.


If you have a real estate story that you’d like to share with us with the gay and lesbian real estate community, please contact us at:
manager@gayrealestate.com

 

 

Posted on March 30, 2012 in Home Sales, Uncategorized

Featured Sonoma Realtor: Joe, Keller Williams Realty

Gay Realtor Joe

30 plus years helping clients buy and sell their homes and investment properties in San Francisco, Marin, and Sonoma Counties. Founded and operated Great City, Realtors with offices in SF, Russian River and Santa Rosa with over 150 agents primarily serving gay clientel. Closed offices in late 1980’s when over half of agents died of AIDS. As a survivor have worked as agent since then in Sonoma County. A native of North Carolina have lived in Los Angeles, San Francisco, Sebastopol, Guerneville and now Santa Rosa for past 18 years. Let me help you find your new home in gay friendly Sonoma County.

Click here to search for a gay or lesbian real estate agent anywhere in the country.

 

Professional/Personal Distinctions:

CRS (Certified Residential Specialist), CRP (Certified Relocation Specialist, SRES (Seniors Residential Specialist) Realtor of the Year for the US in 1988 for national referral company

Realtors Specialties:

Homes and condos as primary and residences, secluded rural properties, vacation homes, and small investment properties (1031 exchanges)

View Joe’s Complete Profile & Contact His Immediately by Clicking Here

Occasionally we’ll feature one of our top gay real estate professionals here to let our readers know about some of the great Gay Realtors, Lesbian Realtors, Gay Friendly Realtors, and other Real Estate Professionals at GayRealEstate.com

At Gay Real Estate, we keep you posted about all the residential real estate news, gay real estate news and Gay Realtor stories affecting the gay and lesbian home buying and selling community coast to coast, and in your neighborhood!

Click here for list of gay realtors, lesbian realtors and gay friendly realtors Nationwide.

If you have a real estate story that you’d like to share with us with the LGBT community, please contact us at:
manager@gayrealestate.com

Posted on March 29, 2012 in Gay Realtors

February new home sales fall 1.6%: Commerce Dept.

New Home Construction

New home sales dipped 1.6% in February to 313,000 from January, but rose 11.6% from the same period a year earlier.

The seasonally adjusted annual measure, released by the Commerce Department Friday, fell from a downwardly revised January estimate of 318,000 from 321,000.

Analysts surveyed by Econoday expected a much better result of 325,000 for the February estimate.

The actual nonadjusted total of new homes sold increased to 25,000 in February from 22,000 both a month and year earlier.

The median and average sales prices, also unadjusted, rose 8.3% and 2.2% to $233,700 and $267,700 from a month earlier.

The South, which accounted for a majority of U.S. adjusted sales, held back the rest of the country as it posted the only yearly drop, 1.2%, in deals. The region’s sales also fell 7.2% monthly, making it the largest decline.

The West, Midwest and Northeast all saw huge increases of 32.8%, 29% and 26.3%, respectively, in February compared to February 2011.

The Commerce Department estimated an adjusted annual supply of 150,000 homes on the market in February, an inventory of 5.8 months per the current sales rate. That inventory rate is up 1.8% monthly but down drastically, 25.6%, from 2011.

The author of this article is: Andrew Scoggin

 See the original post at: http://www.housingwire.com/article/february-new-home-sales-fall-16

At GayRealEstate.com, we keep you updated with all the gay realtor, lesbian realtor, gay realty, gay real estate and general real estate news affecting the LGBT community coast to coast, and in your neighborhood.

         Click here for list of gay realtors, lesbian realtors and gay friendly realtors Nationwide.


If you have a real estate story that you’d like to share with us with the gay and lesbian real estate community, please contact us at:
manager@gayrealestate.com

 

Posted on March 29, 2012 in Home Sales

KB Home 1Q losses shrink but stock punished as new orders decline

Home Building Roof

KB Home reported a loss of $45.4 million in the first quarter ended Feb. 29, a loss of 59 cents a share, narrowing its loss by 60% from a year earlier.

But new orders declined, and investors punished the homebuilder’s stock, which was down about 9% in mid-afternoon trading.

Net orders totaled 1,197 in the first quarter of 2012, down 8% from 1,302 net orders in the year-earlier quarter, as a 22% increase in the homebuilder’s Central region was more than offset by decreases in each of its three other regions.

The builder missed estimates by a wide margin, with analysts expecting a consensus loss of 24 cents in the first quarter, according to Thomson Financial Network.

In the year-ago period, the Los Angeles-based homebuilder lost $114 million, a loss of $1.49 a share

Analysts at Barclays Capital said KB Home “materially” missed expectations across almost every metric: orders, margins and earnings. “We are taken aback by the degree to which KB Home’s results diverge from what we are seeing and hearing from other builders, although we would point out that KB Home is one of the few builders whose product we have not visited on our market tours.”

Barclays expects weak homebuilding stocks on Friday, with the conversation to center around whether KB Home’s results reflect company-specific underperformance or are a harbinger of disappointing results to come from the rest of the builders.

KB Home’s loss shrinkage is a result of increased revenue. Also, in the first quarter of 2011, the company had a a joint venture impairment charge of $53.7 million and a loss on loan guaranty of $22.8 million, both related to its former investment in the South Edge, LLC joint venture.

Revenue for the quarter totaled $254.6 million, up 29% from $196.9 million a year earlier, reflecting higher deliveries and an increase in the average selling price.

The average selling price rose 6% to $219,000 from $205,700 from a year ago, resulting from increases in the KB Home’s West Coast and Southwest regions that were partly offset by decreases in its Central and Southeast regions.

Homes delivered expanded 21% to 1,150, up from 949 homes delivered in first quarter of 2011. Three of the company’s four regions produced higher deliveries.

Gross orders rose 3%. An increase in the cancellation rate to 36% from 29% in the year-earlier quarter led to the year-over-year decrease in net orders.

KB Home reported a backlog of 2,203 homes, representing potential future housing revenues of $460 million, as of Feb. 29. A year earlier, it held a backlog of 1,689 homes, representing potential future housing revenues of $353.6 million.

“We expect investors to question if the entry-level buyer segment is much weaker due to credit availability issues, or if the West coast region is not participating in a broader housing recovery,” Barclays said.

“From our calls with industry participants, we do not believe either of these concerns will be borne out by future results, and we believe KB Home’s disappointment is going to prove to be anomalous, rather than predictive of the broader group.”

The homebuilder’s debt balance of $1.59 billion is nearly unchanged from $1.58 billion at the end of fourth quarter 2011.

 

The author of this article is: Justin T. Hilley

 See the original post at: http://www.housingwire.com/article/kb-home-1q-losses-shrink-60-higher-revenue

At GayRealEstate.com, we keep you updated with all the gay realtor, lesbian realtor, gay realty, gay real estate and general real estate news affecting the LGBT community coast to coast, and in your neighborhood.

         Click here for list of gay realtors, lesbian realtors and gay friendly realtors Nationwide.


If you have a real estate story that you’d like to share with us with the gay and lesbian real estate community, please contact us at:
manager@gayrealestate.com

Posted on March 29, 2012 in Homebuilders

Featured Orlando Realtor: Ken, ApexOne Realty, Inc

Gay Realtor Ken

Working in the Greater Orlando area of Central Florida, I have served the Gay community for many years. I can assist in buying, selling, or working with investors for all your real estate needs.

As a listing agent I don’t take short cuts with listings ~ I provide complete information to better the chances of selling my properties.

As a buyers agent I excel at finding the perfect home and getting it at the perfect price.

Unlike, most companies There is never a transaction fee to buyers or sellers, so there will be no unpleasant surprises at the closing table.

I have a great network of inspectors, attorneys, title companies, mortgage specialists and so much more to assist in all areas of the purchase and to provide a smooth closing.

Please contact me today, I look forward to assistaning you!

Click here to search for a gay or lesbian real estate agent anywhere in the country.

 

Professional/Personal Distinctions:

Member National Association of REALTORS® CSP – Short Sale Certified A+ Certified

Realtors Specialties:

Residential Single Family Resale and New Construction Distressed sales ( foreclosures / short sales ) Investments First time buyers

View Ken’s Complete Profile & Contact His Immediately by Clicking Here

Occasionally we’ll feature one of our top gay real estate professionals here to let our readers know about some of the great Gay Realtors, Lesbian Realtors, Gay Friendly Realtors, and other Real Estate Professionals at GayRealEstate.com

At Gay Real Estate, we keep you posted about all the residential real estate news, gay real estate news and Gay Realtor stories affecting the gay and lesbian home buying and selling community coast to coast, and in your neighborhood!

Click here for list of gay realtors, lesbian realtors and gay friendly realtors Nationwide.

If you have a real estate story that you’d like to share with us with the LGBT community, please contact us at:
manager@gayrealestate.com

Posted on March 28, 2012 in Gay Realtors

Supreme Court Sides with Property Owners in EPA Appeals Case

The U.S. Supreme Court handed private property owners a victory yesterday with a decision allowing a couple to appeal an EPA ruling that their property contains a wetlands.

The court’s decision is supported by the National Association of REALTORS®, which along with other organizations submitted a friend-of-the-court brief in the case.

The ruling is on a narrow procedural issue: whether the owners have the right to appeal the EPA’s wetlands determination or wait until they first restore the property to its original state and then institute expensive and time-consuming monitoring activities, as EPA directed them to. Noncompliance with the directive can subject violators to fines of up to $75,000 a day.

Lower courts have sided with the EPA, saying the agency’s compliance orders aren’t subject to judicial review. Only when the agency goes before a judge to assess a fine for noncompliance is the order reviewable by a court. But the Supreme Court in its unanimous decision said it’s appropriate to allow parties to contest agency decisions before having to first comply with the order.

NAR argued in its brief that the property owners in this case were being denied due process because the compliance procedures take years to work through and the costs are significant — all before the main question of whether the property contains a wetlands is even considered.

In this case, Mike and Chantell Sackett bought a piece of property in an already developed subdivision near Priest Lake in Idaho with sewer infrastructure already in place. After they started to prepare the property for construction of their house, they were directed by the EPA to stop and mitigate the changes they had made to the land out of a concern that the property contained a wetland — even though the property was adjacent to other developed properties and there was no water on the site at the time.

The Sacketts sought a hearing for their case to determine whether the property contained a wetlands, but EPA said that question couldn’t be decided until after they undertook the restoration and monitoring activities, or refused to do that and were levied a fine.

With the Supreme Court decision, the Sacketts can now get their day in court.

 

The author of this article is: Robert Freedman

 See the original post at: http://realtormag.realtor.org/daily-news/2012/03/22/supreme-court-sides-property-owners-in-epa-appeals-case

At GayRealEstate.com, we keep you updated with all the gay realtor, lesbian realtor, gay realty, gay real estate and general real estate news affecting the LGBT community coast to coast, and in your neighborhood.

         Click here for list of gay realtors, lesbian realtors and gay friendly realtors Nationwide.


If you have a real estate story that you’d like to share with us with the gay and lesbian real estate community, please contact us at:
manager@gayrealestate.com

 

Posted on March 28, 2012 in Uncategorized

FHFA to States: Stop the Roadblocks, Speed Up Foreclosures

States and municipalities may be inadvertently putting in roadblocks and costing taxpayers more when they approve policies that prolong the foreclosure process, such as by extending mediation services, Alfred Pollard, general counsel for the Federal Housing Finance Agency, testified at a House panel on Monday.

Many of those foreclosures that get delayed fall in the books of one of the government-sponsored enterprises, Fannie Mae and Freddie Mac, which the FHFA regulates. Fannie and Freddie have posted big losses the last few years from delinquent loans and already owe the Treasury Department more than $150 billion in taxpayer bailouts.

“It would be very valuable for states and localities to pause in their passage of rules that may create impediments to smooth foreclosures and to review the balance between home owner protections and the movement to efficient and professionally-undertaken foreclosures,” Pollard told the House panel. “Simply permitting home owners to stay in their homes for five or six hundred days or longer while not paying their mortgages, costs neighborhoods, costs lenders and, ultimately, costs taxpayers and future borrowers.”

As of Dec. 31, Fannie and Freddie had more than 568,000 loans on their books that have been delinquent for at least a year. Thirty percent of those come from Florida alone. More than 166,000 mortgages that Fannie and Freddie guarantee in the state are sitting in limbo — stretching more than a year without a payment, HousingWire reports.

Florida lawmakers in February tried to get a bill approved to quicken the pace of foreclosures, but the bill recently died in the state Senate. In Florida, where foreclosures must wind through the courts, foreclosures average 676 days.

 

The author of this article is: http://realtormag.realtor.org

 See the original post at: http://realtormag.realtor.org/daily-news/2012/03/21/fhfa-states-stop-roadblocks-speed-up-foreclosures

At GayRealEstate.com, we keep you updated with all the gay realtor, lesbian realtor, gay realty, gay real estate and general real estate news affecting the LGBT community coast to coast, and in your neighborhood.

         Click here for list of gay realtors, lesbian realtors and gay friendly realtors Nationwide.


If you have a real estate story that you’d like to share with us with the gay and lesbian real estate community, please contact us at:
manager@gayrealestate.com

Posted on March 28, 2012 in Foreclosures