Americans Showing More Desire to Buy

The percentage of U.S. residents who say owning a home is an essential part of the American dream has hit a three-year high, reaching 79 percent, according to the CNBC-All-America Economic Survey. What’s more, the number of Americans who say it is better to own than rent grew by four points to 69 percent, according to the survey.

More Americans also believe owning a home is a better long-term investment than stocks.

“The housing numbers are all heading in the right direction,” reports Diana Olick for CNBC. “Home prices up, foreclosures down and, perhaps the most important, consumer confidence in housing is swelling.”

Still, first-time home buyers will be the “wild card” in the spring-summer home buying season, says Thomas Popik, research director for Campbell Surveys. “We see strong first-time homebuyer traffic, but it’s still not clear that the traffic will translate into increased purchases because first-time home buyers are dependent on low downpayment financing, such as FHA mortgages.”

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

 See the original post at: http://realtormag.realtor.org/daily-news/2013/04/02/americans-showing-more-desire-buy

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Featured Punta Gurda Gay Realtor: Mike and Curt, REMAX Anchor Realty, Inc.

Mike Federau and Curt Mellon have forged a successful partnership for more than 25 years – first in the field of insurance and, more recently, in residential and commercial real estate in south Florida.

With experience in both building design and construction, Mike and Curt realized their long-held dream of employing their expertise in the Sunshine State in 1994. After several years in Naples, FL, they followed their dream to Charlotte County and Punta Gorda, FL. “It felt like the right time, and Charlotte County, felt like the right place,” they said.

“The people we have had the pleasure of representing here Florida are extraordinary. We enjoy having the opportunity to help them navigate the real estate market in and around Charlotte County, FL and DeSoto County, FL. Matching buyers and sellers and arriving at the desired conclusion is especially rewarding.”

Mike and Curt provide real estate services for Charlotte County, DeSoto County and Sarasota County; including the cities of Port Charlotte, Punta Gorda, Arcadia, North Port, Placida, Venice, Englewood, Sarasota as well as other areas of South Florida.

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

Professional/Personal Distinctions:

GRI, At home with Diversity

Specialties:

Residential waterfront, Vacant land, condominium living

View Mike and Curt’s  Complete Profile & Contact Him Immediately by Clicking Here

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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!

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Featured Denver Gay Realtor: Michael, ERA Herman Group Real Estate

Buying a home is one of the most significant decisions in a person’s life. Therefore, it is essential that you are both confident and comfortable with the individual representing you. Michael stands out in his field with his personable style. Buyers and Sellers equally appreciate his creative eye as well as his meticulous business approach. His formula for success is simple; He discovers your primary goal, and makes it his own.

Michael has experience working in many diverse markets in Colorado. He has successfully facilitated many transactions in Colorado Springs and Denver, as well as the resort community of Breckenridge. He has also worked with clients in all price ranges, from entry level to luxury homes.

As a Colorado native, Michael has a unique understanding and appreciation not only of local real estate, but also of the geographical features that make this state so special. When not enthusiastically representing his clients, he can be found hiking the remote trails of Pike National Forest, or snowboarding the majestic slopes of Summit County.

While Michael has the experience to be a firm negotiator for you when contracting a home, he also prides himself on making the real estate transaction fun and enjoyable for his clients. Contact Michael today for a refreshing professional perspective.

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

Professional/Personal Distinctions:

National Association of Realtors Colorado Association of Realtors Many happy clients: Referrals make up 90% of Michael’s business.

Specialties:

Representing both buyers and sellers. Residential Sales: New Construction, Income Property, Vacant Land, Luxury Homes, Single Family, Townhomes, Condos and Lofts

View Michael’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!

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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

‘Zombie’ Foreclosures Haunt Housing Market

A new study finds that 301,874 “zombie” homes—properties where home owners receive foreclosure notices and move out, leaving the home vacant and deteriorating—exist in the U.S.

The state with the highest number of “zombie” properties is Florida, with 90,556 vacant homes in foreclosure, according to data by RealtyTrac, in their first analysis of “zombie” properties. Illinois ranks second with 31,668 “zombie” properties and California ranks third with 28,821.

However, Kentucky leads overall in percentage of zombie properties; abandoned homes represent 54 percent of Kentucky’s total foreclosure inventory. Abandoned foreclosures also represent 50 percent or more of the properties in foreclosure in Washington, Indiana, Nevada, and Oregon, according to RealtyTrac.

In January, Reuters reported a problem with “zombie” titles—home owners who received a foreclosure notice and walked away from their home but did not realize their names remained on the deed and they were still financially liable for the property. In some cases, the banks never ultimately pursued the foreclosure, but the home owners were unaware of that since they already had moved out.

RealtyTrac counted any property that had been in foreclosure longer than the state average and that showed no significant recent activity on it as a “zombie” property in its report.

“I think the empty foreclosures is less of a long-term threat but it certainly is affecting individual communities and neighborhoods,” says Daren Blomquist, RealtyTrac’s vice president.

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

 See the original post at: http://realtormag.realtor.org/daily-news/2013/04/01/zombie-foreclosures-haunt-housing-market

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Millennials Embrace Unique, High-Tech Spaces

The Millennial generation is about 90 million strong—forming the largest demographic wave in the country’s history—and some reports suggest they’re readying for home ownership.

Millennials’ entrance into home ownership has been delayed due to the recession, high unemployment, and high student loan debt. They’ve been living in their parents’ homes, as well as delaying marriage and having children, surveys show. But the pent-up demand from this generation is starting to surface, says Fred Ehle, vice president for PulteGroup.

Homebuilders, like PulteGroup and Better Homes and Gardens Real Estate, recently revealed surveys of what Millennials want in their future homes. In general, the surveys reveal that this generation isn’t wowed by luxury and prefers technology and flexible space.

Pulte Homes found in its research that more than half of Millennials who decided to buy a home last year from the homebuilder said their main reason was to invest and build equity.

As for what they’re looking for in a home, they appreciate an efficient use of space, an open layout for entertaining, ample storage space, and outdoor space that extends their living areas, according to the Pulte survey of 531 adult renters between the ages of 18 and 34.

“What may be different about this buyer is that they may have more stuff,” says Fred Ehle, vice president for PulteGroup. “It’s different kind of stuff: technological gadgets, gaming. They also do work from home.”

The Better Homes and Gardens survey of 1,000 adults ages 18 to 35 found that Millennials don’t like traditional floor plans and prefer unique spaces. They like to do home improvements themselves and are “fix-it” types.

One in five said that “home office” is a better suited name for their dining room, according to the Better Homes and Gardens survey. What’s more, 43 percent said they want to transform their living room into a home theater.

The survey also showed they’d rather have extra space in their kitchen for a TV than a second oven. Nearly two-thirds of those surveyed say they wouldn’t purchase a home without up-to-date tech capabilities.

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

 See the original post at: http://realtormag.realtor.org/daily-news/2013/04/01/millennials-embrace-unique-high-tech-spaces

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Trump Sues Critic for ‘Cybersquatting’

Real estate mogul Donald Trump is suing a Brooklyn man over “cybersquatting,” accusing the man of operating four web sites that bear Trump’s name and real estate brand.

J. Taikwok Yung is accused of acquiring four Trump-related domain names, such as “trumpmumbai.com” and “trumpindia.com.” Yung reportedly acquired the domain names in 2007 when the Trump organization had announced plans to construct Trump-branded hotels and condos in Mumbai and Bangalore, India. Yung has used the web sites to provide commentary and criticism about Trump and his television show, “The Celebrity Apprentice.”

Yung filed complaints with the courts in 2011 trying to keep the domain names, citing fair use and his First Amendment rights. All four of the web sites were recently taken down.

Trump’s countersuit, filed last week, seeks $100,000 for each of the four Trump-related domain names, which is the maximum in damages allowed.

Yung reportedly holds nearly 200 other domain names, such as “barclayscapitalallehman.com” and “goldmansachsgroup.com.” In 2009, on the same day that Bank of America and Merill Lynch & Co. announced a merger, Yung acquired the domains “bofaml.com” and “mlbofa.com.” Yung has faced a similar legal action to the Trump lawsuit from that acquisition as well.

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

 See the original post at: http://realtormag.realtor.org/daily-news/2013/04/01/trump-sues-critic-for-cybersquatting

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