Monthly Archives: February 2013

Featured Providence Gay Realtor: Thom Hammond, Coleman Realtors

Realtor Thom Hammond

It is my goal to service the Gay & Lesbian community with pride; my commitment is to quality service, honest rapport & a strong work ethic. I carry dual licensure in Rhode Island and Massachusetts. I have been awarded both the Gold & Silver Sales Award by the Greater Providence Board of Realtor’s w/total volume sales in the millions. In addition, I have earned the Multimillion Dollar Sales Award each year since starting my business in Rhode Island in 1998 and the President’s Club & 100% Club Awards during my time with RE/MAX of New England.

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

Professional/Personal Distinctions:

GRI & ABR Candidate. ESRES designation.

Specialties:

Residential Sales including single & multi-family, condo’s, new & luxury homes.

View Thom Hammond’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 February 28, 2013 in Gay Realtors

Featured Frederick Gay Realtor: Ed Black, TeamBlackBerry & Associates at Real Estate Teams

Gay Realtor Ed Black

I specialize in representing my clients in the purchase and sale of homes in and around Frederick, Maryland. I recently retired from the Service as an Air Force Senior Master Sergeant and bring to the table 24 years of administrative and managerial experience to ensure fine attention to detail in every transaction. Add all that up and that is why you want me and “TeamBerry” on your side when making possibly the biggest decision you have to consider.

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

Professional/Personal Distinctions:

Members of Frederick County Association of Realtors, Maryland Association of Realtors, and National Association of Realtors

Specialties:

Residential, Buyer Brokerage, Military, Condominiums, Investments, Luxury Homes, Lake/Beach Property

View Ed Black’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 February 28, 2013 in Gay Realtors

Seasonal factors lift new home sales considerably

Hot Air Balloon

Sales of new single-family homes picked up considerably in January at a seasonally adjusted annual rate of 437,000 sales, 15.6% above the revised December rate of 378,000 units.

The latest number topped market expectations for 381,000 sales, according to analysts at Econoday. Typically, large seasonal factors can boost home sales numbers during winter months.

January sales are 28.9% above the January 2012 estimate of 339,000 units, according to the U.S. Census Bureau and the Department of Housing and Urban Development.

The median sales price of new homes sold in January dropped unexpectedly from $248,900 in December to $226,400. The average January sales price was $286,300, down from $304,000 in December.

At the end of January, the number of new homes for sale only reached 150,000 sales, down from December’s 151,000 units. This represents a 4.1-month supply of homes at today’s sale pace, down from 4.9 months last month.

“Overall, home sales are trending up slowly. Low mortgage rates are a positive as well as a stabilized jobs market. The remaining constraints are tight credit conditions and modest employment growth,” said analysts at Econoday said.

The author of this article is: Megan Hopkins

 See the original post at: http://www.housingwire.com/news/2013/02/26/seasonal-factors-lift-new-home-sales-considerably

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 February 28, 2013 in Home Sales

Pending home sales hit two-year high: NAR

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Pending home sales rose in January and continued a 21-month trend of growing from year ago levels, the National Association of Realtors said.

The company’s latest pending home sales index suggests the housing recovery is gaining momentum.

The January NAR Pending Home Sales Index hit its highest reading since April 2010 when the index reached 110.9. Aside from spikes induced by homebuyer tax credits in 2010, the last index high before 2010 occurred in February 2007 when NAR’s index reached 107.9, the association said.

The NAR pending home sales index – which measure contract signings on homes – increased 4.5% to 105.9 in January, compared to a score of 101.3 in December. That index score is also still 9.5% above January 2012 when the index hovered at 96.7.

The data reflects only signed contracts, not actual property closings.

Inventory is the key to this year’s housing market, said Lawrence Yun, NAR’s chief economist.

“Favorable affordability conditions and job growth have unleashed a pent-up demand. Most areas are drawing down housing inventory, which has shifted the supply and demand balance to sellers in much of the country,” Yun said.

He added, “It’s also why we’re experiencing the strongest price growth in more than seven years.”

Furthermore, the association stated there were healthy monthly gains in all regions accept for the West, which continues to struggle with limited inventory.

On a regional basis, pending home sales rose the most in the Northeast, increasing 8.2%, a significant uptick compared to December when pending home sales fell 5.4%.

In the Midwest, the pending home sales index rose 4.5% from December to January and is 17.7% above year ago levels.

The South saw a 5.9% increase in pending home sales, while the West index of pending home sales edged up 0.1%.

“Over the near term, rising contract activity means higher home sales, but total sales for the year are expected to rise less than in 2012, while home prices are projected to rise more strongly because of inventory shortages,” Yun said.

The author of this article is: Christina Mlyanski

 See the original post at: http://www.housingwire.com/news/2013/02/27/pending-home-sales-hit-two-year-high-nar

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 February 28, 2013 in Home Sales

January Pending Home Sales Up in All Regions

Pending home sales rose in January, and have been above year-ago levels for the past 21 months, according to the National Association of REALTORS®. There were healthy monthly gains in all regions but the West, which, despite being constrained by limited inventory, still improved slightly.

The Pending Home Sales Index, a forward-looking indicator based on contract signings, increased 4.5 percent to 105.9 in January from a downwardly revised 101.3 in December and is 9.5 percent above January 2012, when it was 96.7. The data reflect contracts but not closings.

The January index is the highest reading since April 2010, when it hit 110.9, just before the deadline for the home buyer tax credit. Aside from spikes induced by the tax credits, the last time there was a higher reading was in February 2007 when it reached 107.9.

Lawrence Yun, NAR chief economist, said inventory is the key to this year’s housing market. “Favorable affordability conditions and job growth have unleashed a pent-up demand. Most areas are drawing down housing inventory, which has shifted the supply-demand balance to sellers in much of the country. It’s also why we’re experiencing the strongest price growth in more than seven years,” he said.

“Over the near term, rising contract activity means higher home sales, but total sales for the year are expected to rise less than in 2012, while home prices are projected to rise more strongly because of inventory shortages,” Yun said.

The PHSI in the Northeast rose 8.2 percent to 84.8 in January and is 10.5 percent higher than January 2012. In the Midwest, the index increased 4.5 percent to 105.0 in January and is 17.7 percent above a year ago. Pending home sales in the South rose 5.9 percent to an index of 119.3 in January and are 11.3 percent higher January 2012. In the West, the index edged up 0.1 percent in January to 102.1 but is 1.5 percent below a year ago.

Yun expects approximately 5.0 million existing-home sales this year. However, price growth could exceed a 7 percent gain projected for 2013 if inventory supplies remain low. Previously, NAR had expected 5.1 million existing-home sales in 2013, while prices were forecast to rise 5.5 to 6.0 percent.

The Pending Home Sales Index is a leading indicator for the housing sector, based on pending sales of existing homes. A sale is listed as pending when the contract has been signed but the transaction has not closed, though the sale usually is finalized within one or two months of signing.

The index is based on a large national sample, typically representing about 20 percent of transactions for existing-home sales. In developing the model for the index, it was demonstrated that the level of monthly sales-contract activity parallels the level of closed existing-home sales in the following two months.

An index of 100 is equal to the average level of contract activity during 2001, which was the first year to be examined. By coincidence, the volume of existing-home sales in 2001 fell within the range of 5.0 to 5.5 million, which is considered normal for the current U.S. population.

Also released today are annual data revisions. Each February, NAR Research incorporates a review of seasonal activity factors and fine-tunes historic data for the past three years based on the most recent findings. There are no changes to unadjusted or annual data.

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

 See the original post at: http://realtormag.realtor.org/daily-news/2013/02/28/january-pending-home-sales-up-in-all-regions

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 February 28, 2013 in Home Sales

Featured New York Gay Realtor: Joshua Wall, Novo International

Gay Realtor Joshua Wall

Joshua , a bona fide southern gentleman, feels a connection and passion for hospitality that affords him a unique, valuable perspective as a real estate professional.

From traditional rental clients & corporate executives seeking extended-stay to first-time buyers & investors, Joshua realizes that their lives change whilst keeping his main priority the same: providing guidance through clarity, education and transparency.

Joshua was introduced to the industry through a real estate marketing firm intensive in luxury condominium sales. As a result, he is well-versed in demographics, analysis & tailoring deals according to the needs of clientele.

Working closely with Sales Directors and their teams in conveyance and marketing, bridging the gap into interior design for developers, sales teams and the model homes was the next step. Secondly, calling stayNovo home as Leasing Coordinator and Resident Interior Designer Joshua learned the pride attainable in the hands-on experience known as real estate!

Currently, Novo International is where you will find his license proudly displayed ~ Please contact Joshua for any of your real estate needs!

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

Professional/Personal Distinctions:

Corporate Housing Provider’s Association, REBNY (Real Estate Board of NY)

 

Specialties:

Residential Sales, Rentals & Property Management. Interior design, staging.

View Joshua Wall’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 February 27, 2013 in Gay Realtors

Featured Orlando Gay Realtor: Brian Lord, Lord & Associates / RE/MAX Town Centre

Gay Realtor Brian Lord

As an Orlando gay realtor working at a gay owned and operated FL brokerage, I have in depth local knowledge and can provide you with the information you need on home buying, home selling, financing and owning real estate in Orlando, FL.

As an associate of Re/Max Town Centre, I can provide a wide range of real estate services and utilize the most current technology, processes and systems to assist you with all of your home buying and home selling needs.

Whether you are new to the market or an experienced investor, I have the expertise, proven track record, and resources to help you achieve your real estate goals

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

Professional/Personal Distinctions:

Certified Distressed Property Expert Certified Negotiation Expert

 

Specialties:

Residential Real Estate ~ Single Family, Condominiums, Townhomes and Loft Living / New Construction and Resales. Free Relocation Assistance. Experienced in solving the foreclosure crisis one homeowner at a time.

View Brian Lord’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 February 27, 2013 in Gay Realtors

Seller Shortage Plagues Many Markets

The low inventory of for-sale homes is creating a seller’s market throughout the country.

“Buyers and agents are literally waiting for the next house,” says Rick Turley, president of Coldwell Banker Residential Brokerage for the San Francisco Bay Area.

The supply of existing homes for sale reached nearly an eight-year low in January, according to the National Association of REALTORS®. Nationwide, there is a 4.2-month supply of existing homes for sale.

A more balanced market with a six-month supply will occur when home prices rise another 20 percent, says John Burns, CEO of John Burns Real Estate Consulting. Such an increase would then lure sellers to match demand coming in from renters and investors, and the rise in prices will also lead to more home building, Burns says.

Still, a return to healthy inventory levels could be years off, some say. “Many home owners can’t afford to sell because they don’t have enough equity to put into buying another house — or would have to write a check to sell,” USA Today reports. “The supply of distressed houses for sale is thinning as the foreclosure crisis recedes, especially in some states. Home building, while improving, is still at low levels. And, after years of holding on, few home owners want to sell when prices are just coming off the bottom, REALTORS® say.”

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

 See the original post at: http://realtormag.realtor.org/daily-news/2013/02/27/seller-shortage-plagues-many-markets

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 February 27, 2013 in Home Sales

RPR Teams With Fannie to Speed Short Sales

The REALTOR Property Resource® has announced a new partnership with mortgage giant Fannie Mae aimed at increasing the efficiency in the short sale approval process for real estate professionals and their clients. The goal is to reduce the time for real estate professionals to both bring distressed properties to the market and close on the sale of these properties, says Dale L. Ross, CEO of the REALTORS Property Resource®.

The partnership includes an expansion of the existing REO listing information available to real estate professionals in the RPR Application. It also will include new specialized training options.

“In markets where the Multiple Listing Service agrees to partner with RPR and Fannie Mae, REALTORS® will have access to information, tools, and training to assist in identifying and expediting a Fannie Mae short sale,” Ross says. “Fannie Mae and RPR will also be providing REALTORS® with data and training on Fannie Mae’s short sales and recommended list prices. This partnership will also serve to create broad exposure for Fannie Mae training content and REO listings through the RPR site.”

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

 See the original post at: http://realtormag.realtor.org/daily-news/2013/02/27/rpr-teams-fannie-speed-short-sales

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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 February 27, 2013 in Short Sale

New-Home Sales Gain Steam

Sales of new single-family homes in January rose to its fastest pace since 2008, leading to more confirmation that the recovery in the new-home sector is charging forward.

New-home sales rose 15.6 percent in January to reach a seasonally adjusted annual rate of 437,000 units, HUD and the U.S. Census Bureau reports.

“The surge in demand for new homes this January is an excellent sign that the housing recovery is gaining steam and helping put more people back to work,” says Rick Judson, chairman of the National Association of Home Builders. “While we can’t expect to see double-digit sales growth every month, consumers are definitely coming off the fence as prices start to rise, and builders in some cases are having a tough time keeping up. Challenges related to credit availability, poor appraisals, dwindling lot supplies, spot shortages of skilled labor and rising materials costs are all weighing on the recovery process.”

Regionally, new-home sales increased the most in the West by 45.3 percent, followed by the Northeast with a 27.6 percent gain, an 11.1 percent increase in the Midwest, and a 3.2 percent increase in the South.

Meanwhile, inventories remain low. The months’ supply of new homes for sale dropped to the lowest level in nearly eight years.

“Today’s report shows a strong revival in new-home sales across all regions of the country and bodes well for the upcoming spring buying season,” says NAHB Chief Economist David Crowe. “That said, the razor-thin supply of new homes for sale is very concerning at a time when we are only about halfway back to what could be considered a ‘normal’ level of activity. Builders need to be able to refresh their inventories to keep the momentum going.”

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

 See the original post at: http://realtormag.realtor.org/daily-news/2013/02/27/new-home-sales-gain-steam

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 February 27, 2013 in Uncategorized