Monthly Archives: November 2012

Home Sales Help Lift Economy

The economy got a little boost in October and November that was mostly attributed to an increase in home sales and consumer spending, according to the Federal Reserve’s Beige Book. Nine of the Fed’s 12 regional banking districts showed growth during the time period.

However, the Northeast had notably slow economic growth, which was mostly attributed to the impact of Hurricane Sandy, which struck the region in October. Economic growth was notably slower in New York, Philadelphia, and Boston, which the Beige Book noted also had a slowdown in sales of single-family homes and condos.

Meanwhile, a rise in home prices is helping to lift consumer confidence. The Beige Book notes that the housing market was showing considerable improvement in most areas, with one regional district noting that the Cleveland and Richmond areas were showing strength in sales among high-priced homes. Stronger sales were also reducing home inventories, according to Kansas City contacts.

Economic growth improved in most parts of the country despite the looming “fiscal cliff” and fears of tax increases and spending cuts. Hiring increased in more than half of the districts, according to the Fed.

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

 See the original post at: http://realtormag.realtor.org/daily-news/2012/11/29/home-sales-help-lift-economy

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 November 30, 2012 in Home Sales

Featured Gatlinburg Gay Realtor: Justin Broadway, Century 21 Four Seasons Realty

Gay Realtor Justin Broadway

It’s been my pleasure to live and work in the Smoky Mountains for over 20 years. My offices have won Quality Service Awards for several years and I plan to continue providing service at a level that exceeds expectations.

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

Professional/Personal Distinctions:

CRB (Certified Real Estate Brokerage Manager), TAR (TN. Association of Realtors), GSMAR (Great Smoky Mtn. Association of Realtors), KAARMLS (Knoxville Area Assoc. Of Realtors MLS)

Specialties:

Primary residences, second homes, and investment properties (overnight, income producing, nightly rentals)

 View Justin Broadway’s  Complete Profile & Contact Him 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 November 28, 2012 in Gay Realtors

Nebraska Home Owners Have Lowest Mortgage Payments

A new LendingTree report shows that Nebraska home owners have the lowest mortgage payments in the nation — $711 per month on average over the past year, beating out Arkansas’ $715 and Iowa’s $717 averages.

According to the research, the District of Columbia is home to the highest average mortgage payment of $1,641 per month, followed by Hawaii ($1,536) and California ($1,445).

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

 See the original post at: http://realtormag.realtor.org/daily-news/2012/11/29/nebraska-home-owners-have-lowest-mortgage-payments

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 November 28, 2012 in Homeowners

Featured Gresham Gay Realtor: Thom Butts, RE/MAX Equity Group

Gay Realtor Thom

As a 5th generation Oregonian, I have been around long enough to see the trends; I lived in NW Portland before it was “The Pearl” and was a home owner in Inner NE Portland long before it was hip.

When I first meet with clients, I don’t do all of the talking – I listen.

If you are thinking of selling your home, I want to know why you are selling your home – what your motivation and reasons are so we can get the home sold in your time line and for the best price possible.

If you are looking to buy a home, I will help you discover what features you want in your new home (including those “special” features that our community wants/needs!) and then work with you to find the house of your dreams for the best price possible.

I especially love working with first time buyers. Being able to show people that home ownership can be a reality for them – and watching their faces as they unlock the door to their own home for the first time is an incredible joy for me.

I live in Gresham with my husband, our two rambunctious puppies and a somewhat indifferent cat, and I would love to be your Realtor!

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

Professional/Personal Distinctions:

Member: National Association of Realtors, Oregon Association of Realtors, Portland Metro Association of Realtors, Portland Area Business Association, e-PRO certified, President of Blackout Leather Productions (a 501c3 organization), Former State and Regional Leather titleholder, A certified Master Woodland Manager.

Specialties:

I specialize in making the purchase or sale of your home or property the easiest and most stress-free that I can!

 View Thom Butts’s  Complete Profile & Contact Him 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 November 27, 2012 in Gay Realtors

What’s Really Driving the Rise in Home Prices?

The Wall Street Journal recently cited five significant factors behind the rise in home prices, as numerous markets see significant year-over-year gains. The big price drives are:

1. The rise in housing affordability - which is drawing more buyers out into the market who are looking to cash in on low mortgage rates and fallen home prices compared to a few years ago.

2. The rise in household formation - which is expected to hit 1 million new households this year. That is up from an average of 570,000 over the last five years, according to data by Bank of America Merrill Lynch.

3. The rise in rents – which has prompted more investors to purchase properties to rent out and more renters to second-guess why they are paying so much in rent when they could buy.

4. The decline in distressed sales and foreclosures – which has fallen significantly this past year. While distressed sales are still high by historical standards, they have fallen from their peaks in most markets, helping to alleviate the downward pressure on home prices in many areas.

5. Inventories of homes for-sale are at their lowest levels in nearly 50 years – and builders have cut back on construction and many home owners are waiting to sell until they can recover some equity on their properties.

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

 See the original post at: http://realtormag.realtor.org/daily-news/2012/11/27/what-s-really-driving-rise-in-home-prices

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 November 27, 2012 in Home Prices

10 Big-Growth Markets in Next 5 Years

Builders are trying to figure out which areas of the country will see the next big population gains requiring residential and multifamily construction projects.

Research firm Pitney Bowes Software recently projected which metro areas are expected to see some of the largest growth in household formation in the next five years. Most of the areas projected to grow the fastest also tend to be the same ones that grew the fastest in the last decade, such as Houston and Atlanta.

Pitney Bowes Software projects that the following metro areas will see some of the largest gains in household formation over the next five years:

  • Houston
  • Atlanta
  • Washington, D.C.
  • Dallas
  • New York
  • Phoenix
  • Riverside-San Bernardino, Calif.
  • San Antonio, Texas
  • Austin, Texas
  • Fort Worth, Texas

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

 See the original post at: http://realtormag.realtor.org/daily-news/2012/11/27/10-big-growth-markets-in-next-5-years

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 November 27, 2012 in Housing Markets

Featured Tacoma Gay Realtor: Jay Iseli, Coldwell Banker Bain Associates

Gay Realtor Jay Iseli

I have been serving the Tacoma GLBT community for 8 years as a Real Estate professional. Having been born and raised here I am intimately familiar with Tacoma and the surrounding communities. Whether this is your first home, you are moving here or you are are moving up I can help you with my knowledge of the local market trends, neighborhood profiles and community services.

Even if you are not ready to buy or sell, but are looking at your future goals, feel free to contact me and we can discuss where you think you would like to be in a few years.           

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

Professional/Personal Distinctions:

Washington Association of Realtors, Tacoma/Pierce County Association of Realtors, National Association of Realtors

 

Specialties:

Residential Single Family, Condominiums/Lofts, Investment property

 

View Jay Iseli’s Complete Profile & Contact Him 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 November 26, 2012 in Gay Realtors

Appraisals: Reflecting Market or Hindering It?

Low-ball appraisals are hurting home sales, real estate agents and home sellers complain. In recent months, low housing inventories in many markets have sparked bidding wars on some homes. The bidding wars have helped push up home prices higher than recent comparable sales, agents say. But a low appraisal then threatens to derail the deal, they add.

Appraisers have faced criticism over their property valuations in recent years, and have been accused of using foreclosures and short sales as comparable sales—without adjustment.

However, appraisal firms say the idea that appraisers are suppressing home sales is misguided and unfounded. Appraisers say they’re misunderstood—they don’t set the value; they reflect it.

“We often hear from real estate agents, homebuilders and others that appraisals are ‘killing deals,’ and/or holding back the economic recovery,” Sara Stephens, president of the Appraisal Institute, testified to Congress earlier this year. “These accusations are unfounded and misguided. Appraisals are not meant to simply support contracts—they are obtained to help lenders assess their overall risk. Fundamentally, it does neither the borrower nor lender any good to enter into a mortgage for more than the value of the property.”

One in three real estate professionals surveyed in September say they’ve had problems relating to home appraisals in the last three months, with some saying contracts have even been canceled because the appraisal came in lower than the negotiated upon sales price.

Some real estate professionals are seeing their clients’ appeal of appraisals pay off. Patti Zermeno, a real estate professional with Century 21 Award in Rancho Santa Margarita, Calif., advised her seller to appeal the appraisal of a four-bedroom, three-bath home in Corona, Calif., which had a contract price of $565,000. The appraisal, however, came in at $450,000. The lender granted a second appraisal—which raised the value to $465,000—amounting in a $15,000 bump from the first appraisal.

“We were able to close at $500,000 with the seller reducing his price and the buyers increasing their purchase price,” Zermeno said.

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

 See the original post at: http://realtormag.realtor.org/daily-news/2012/11/26/appraisals-reflecting-market-or-hindering-it

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 November 26, 2012 in Home Sales

‘Pocket Listings’ Become Growing Concern

Off-market listings—also referred to as “pocket listings”—are hurting the housing market by depriving home buyers of a full perspective of what’s actually for sale, some real estate agents say. They argue homes that aren’t ever listed on the MLS are then not available to be used as comparable properties for appraisals, other sales, or mortgage refinancing—leaving a skewed picture of the housing market, according to a recent article in The Cleveland Plain Dealer.

A growth in homes unlisted on the MLS in Northeast Ohio is prompting real estate leaders there to speak out, concerned it’s a growing trend. The MLS is a way to share property information and compensation between real estate companies but “pocket listings” are a way for some agents to “keep a bigger piece of the pie” for themselves, says Jeff Russell of Russell Real Estate Services in North Ridgeville, Ohio.

“We see this as a tremendous disservice to our clients,” Russell says. “In my opinion, it’s limiting the exposure of listings to the market …. While it might be good for the broker, it’s not good for the consumer.”

“Pocket listings” are only permitted if the seller agrees to it. If so, agents can withhold the listing from the MLS and just reserve promoting the home among close associates, on the company’s web site, or through word of mouth. Some agents may be tempted to keep the listing internal because they then may be able to keep nearly every aspect of the sale internal and collect full commission, critics say.

Russell and John Lynch of Keller Williams Realty Greater Cleveland West are board members for the Northern Ohio Regional Multiple Listing Service and they say the organization is discussing “pocket listings” and whether rules need to change to reduce the number of off-market real estate deals.

“You can’t put a gun to somebody’s head to make them put their listing in the MLS,” Barbara Kohl, executive vice president of the West Penn Multi-List, a listing service covering Pittsburgh and southwestern Pennsylvania, told The Cleveland Plain Dealer. “You have a right as a home owner. But what we want to make sure of is that the agent is really acquiescing to the homeowner’s wishes.”

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

 See the original post at: http://realtormag.realtor.org/daily-news/2012/11/26/pocket-listings-become-growing-concern

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 November 26, 2012 in Uncategorized

Featured Chicago Gay Realtor: Ramses Danta, Remax Edge

RamsesDanta

Providing the Services YOU Deserve and Trust!

In 2010 I started my real estate carrier of without ever having sold a property before — As of today 10/12/2012, I have closed 109 Transactions! And in the process, help realize the dream of home ownership to a wide range of clients that now count me among their friends. And also refer me to their love ones, because they know they will be in the best of hands with some one that they trust.

My track record of excellence in service speaks volumes about my commitment to my clients through care, 24/7 availability, attention to detail, plus the resourcefulness to help you reach your goals and ensure your transaction is efficient-easy and trouble-free — please see testimonial at the end of the page. I become my client’s advocate and I have the confidence and strength to negotiate the best offer for your property or you future purchase.


I have built my business and my reputation representing Sellers & Buyers of my community. For the city of Chicago and the neighborhoods along the lake, I am that person. My knowledge of the market in each neighborhoods, and the particular buildings within it; from which one are financially healthy to which ones to avoid due to looming special projects coming, shaky financials or rentals restrictions make me your trusted guide in the real estate maze of Chicago — My knowledge base will help you anticipate potential trouble or find opportunities where others would fail to do so.

If you are looking for someone who is reputable, knowledgeable, energetic and who is enthusiastic about your business, that understands the industry and is positioned to stay ahead of the game; some one with the experience, integrity, knowledge to find you that home that is most suitable to your needs, then you need to talk to me, my name is Ramses and I would be a privilege to work for you.           

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

Professional/Personal Distinctions:

 

Specialties:

Serving our Chicago neighborhoods including: Northalsted (Boystown), Lakeview, Wrigleyville, Uptown, Buena Park, Sheridan Park, Edgewater, Andersonville, Rogers Park, Lincoln Park, Gold Coast, Old Town, Loop, South Loop, New East Side, River North, Streeterville. We specialize in residential transactions for buyers and sellers–rentals and sales, including bank owned properties and short sales. Plus Commercial and Multifamily/Investment opportunities.

View Ramses Danta’s Complete Profile & Contact Him 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 November 23, 2012 in Gay Realtors