Real Estate Portal Investments and Profits Up
November 13, 2009 by admin
Filed under Positive Real Estate
From Forem
From the Redfin Corporate Blog:
Big news! Redfin just announced a $10-million round of financing led by Greylock Partners’ James Slavet and his colleague David Thacker. Redfin’s group of existing investors — Madrona Venture Group, Vulcan Capital, DFJ, The Hillman Company — also pitched in on the round.
Meanwhile, Realogy is in the black for Q3 surely means that things are starting to look up in the real estate space.
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Foreclosures Dipping Nationwide
November 12, 2009 by admin
Filed under foreclosures
Foreclosures are dipping as the number of homeowners on the brink of losing their homes dipped in October, the third straight monthly decline, as foreclosure-prevention programs helped more borrowers.
As an example foreclosure filings in Virginia fell 16 percent from a year ago, RealtyTrac Inc. said today. Also, the filings were down 4.7 percent from September. Those declines could indicate that the problem in the state may be easing.
In Virginia, 5,484 households, or one in every 597 homes, were in some stage of foreclosure activity in October, according to RealtyTrac.
The state was ranked with 19th-highest foreclosure rate in the country. We are seeing lower foreclosure rates nationwide.
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Fort Wayne Home Sales up 10.5% year over year
November 12, 2009 by admin
Filed under Home Resales
Home sales came back strongly in October in Fort Wayne area, compared with the same month a year ago.
Real estate agents who participate in the Fort Wayne Area Multiple Listing Service Inc. reported 379 homes sold this October, a 10.5 percent gain over the 343 sold in October 2008. In September, 373 homes were reported sold, an 11 percent decrease from 419 sold in September 2008.
The Fort Wayne Area Multiple Listing Service data might not include all real estate activity in the market. The area includes Allen, Whitley, Huntington, Adams, Wells, DeKalb and Noble counties.
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Putting Positivity into the Real Estate Office
November 11, 2009 by admin
Filed under Positive Real Estate Brokerages
CHASE INTERNATIONAL EMBRACES
HEART-CENTERED REAL ESTATE PRACTICES
LAKE TAHOE, Nev. (Oct. 9, 2009) — After 23 years in the real estate business, Shari Chase is accustomed to adapting Chase International’s business culture to meet the ebb and flow of the modern housing market. However, when the Lake Tahoe-based luxury real estate company felt the rumblings of a down market, this president and CEO realized a major shift in consciousness was required.
Enter internationally recognized spiritual leader Peter Tongue.
“Everyone was becoming stressed out,” explains Shari Chase, president and CEO of Chase International. “We had to reinvent ourselves because the market was really changing. Last fall, my cousin insisted I meet with a gentleman who had changed her life, Peter Tongue. When Peter arrived at the office, I just felt he was the ingredient that was needed.”
Four years ago, British Columbia-based Tongue, a former high school principal, rugby player and chemistry teacher turned his attention full time to a metaphysical life. Using his experience and understanding of alchemy, meditation, teaching and healing, Tongue helped Chase International find a creative solution to a stormy financial horizon in the real estate industry.
“During this challenging and unstable time, it is important for us to look beyond the immediate chaos and know there is a greater plan afoot,” Tongue says. “Each of us has the choice to step into fear or take the high road to calm, centered peaceful cooperation and collaboration.”
Shari Chase says Tongue’s guidance — during a series of workshops, one-on-one counseling sessions and meditative walks — helped create a shift in the company and allowed the entire team to look at the big picture and move forward with confidence.
“With Peter’s help, the Chase employees are seeing that there is a way to enjoy a happy and successful future in this chaotic time,” Chase says. “We are looking at this as an opportunity to grow instead of a fear based disaster.”
Tongue says Chase International has wholeheartedly embraced this new business paradigm.
“Globally, this shift comes from a place of power, greed and control to a place of integrity, ethics and serving clients fully and totally from the heart,” Tongue explains.
Chase says the impact on the company has been “unbelievable.”
“It’s been more powerful than I ever expected,” admits Chase. “During these workshops and sessions Peter works with individuals removing beliefs that were limiting them from working at their full potential. He uses his wisdom and counseling to assist families with problems that were not understood. I received so many calls and emails thanking me for bringing Peter into our lives. Their business relationships and personal relationships have completely changed.”
According to Chase, this “heart-centered real estate” business philosophy has produced a positive ripple effect within the company, creating some incredibly positive results.
“While other (real estate) companies are basically imploding we have been exploding,” she says.
So exactly how does this new heart-centered ideology affect Chase International’s bottom line? Plenty, says Chase.
“What we can quantify is the increased transactions and increased productivity,” she explains. “Most importantly it has increased our bottom line and increased cash flow, which is very important in our business environment today. The challenge is, as prices decrease we need more transactions to balance the bottom line and we’ve been able to do that.”
This heart-centered approach has been especially successful in Chase International’s new specialty that focuses on issues related to foreclosure, short sale and loan modification.
“Our Chase agents now know how to help people work through a process that was not previously understood fully,” Chase says. “And, this is all done with a heart-centered approach. Agents and employees open their arms to assist these people.”
According to Tongue, Lake Tahoe is a sacred place.
“Upon arriving at Lake Tahoe it was quickly evident to me that it was a very sacred place,” Tongue recalls. “I knew this would be a place where rapid healing could take place.”
Chase says people – both new recruits and new clients – are drawn to the company and its heart-centered approach.
“We’ve always had a strong foundation and always been company that embraced collaboration not competition,” Chase explains. “We now have an expanded understanding, respect and loyalty that links us all together in the purest form and people sense that. It’s about working and playing in a trusting and safe environment while the world is trying to figure out how to do the right thing.”
Chase says this shift is “required and absolutely necessary” for survival and a fully content life.
She believes her company’s successful new business model, which embraces messages of abundance, awareness and positive energy, can – and should be — duplicated by others.
“We are expanding our program to assist other businesses who want to outperform in this new environment – one that we’ve never experienced before in history,’ Chase says. “It’s a new way to do business and it has a viral effect – and, it’s a beautiful way to do business.”
Chase International’s heart-centered real estate practice is causing Chase agents to bring forth positive outcomes for themselves and their clients, bringing them fulfillment and success. Homeowners wishing to align themselves with Chase and its heart-centered real estate practices should contact a Chase International real estate agent at any one of the eight offices in the region (Zephyr Cove, Glenbrook, Incline Village, Tahoe City, Squaw Valley, Truckee, South Lake Tahoe and Reno).
Headquartered in Lake Tahoe, Nevada since 1986, Chase International also has one office in London, England, Chase International and its exclusive affiliations handle a large share of the country’s property. A recognized leader in the world of real estate, Chase International launched www.ChaseNation.com, the first interactive social networking website created by a real estate brokerage as a vehicle for direct interaction with consumers online.
With more than 185 professional Realtors® boasting an array of industry certifications and the highest volume per sales agent in the area, Chase International successfully represents homes at all price levels. For more information about Chase International visit www.chaseinternational.com
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More Good Real Estate News
November 10, 2009 by admin
Filed under Home Resales
Home sales in Washington state rise in 3rd quarter
The number of existing homes sold in Washington increased in the third quarter compared with the previous three months, the Washington Center for Real Estate Research reported Tuesday.
The federal first-time homebuyer tax credit helped sales increase 15.6 percent, according to the center at Washington State University. Sales also were 2.6 percent higher than a year ago, the center said.
UCLA sees 16% home-price gain in 2010
The Orange County California forecast is based largely on predicted job growth. However, Cal State Fullerton only sees a 2% home price gain. First American CoreLogic (Santa Ana HQ pictured left) predicts that Orange County house prices will be up 9.5% next August from this past summer.
Lasner
Dallas-Fort Worth home sales climb 11%
Pre-owned home sales in North Texas were up 11 percent in October from a year ago – the first year-over-year gain since September 2008 and the best sign yet that the local housing market has turned the corner.
Real estate agents sold more than 6,300 single-family homes through the Multiple Listing Service last month, according to numbers released Monday by the Real Estate Center at Texas A&M University and the North Texas Real Estate Information Systems.
Florida’s Existing Home, Condo Sales Rise in 3Q 2009
Sales of existing single-family homes in Florida rose 33 percent in third quarter 2009 compared to the same period a year earlier, according to the latest housing statistics from Florida Realtors®. A total of 44,345 existing homes sold statewide in 3Q 2009; during the same period the year before, a total of 33,311 existing homes sold. It marks the fifth consecutive quarter that Florida has seen higher existing year-to-year home sales, according to the state association.
Statewide sales of existing condominiums in the third quarter rose 56 percent compared to the same time the previous year. This marks the fourth consecutive quarter for increased statewide sales in both the existing home and condo markets compared to year-ago levels.
Las Vegas home sales on the rise
With home sales on the rise, prices beginning to stabilize and a reduction in inventory, experts say this is a pretty good economic indicator of consumer confidence. The greater Las Vegas association of realtors says single family homes sales were up 30 percent last month, compared to the same time last year. And nearly three quarters of the properties sold were on the market for less than 60 days.
The median home price in southern Nevada is now 139-thousand dollars -that’s up a thousand bucks from September to October.
“Probably about 80 percent of our sales over the last 12 to 18 months have been comprised of first time home buyers and investors. And the extension of the federal tax credit should push that number up in the future,” said Rick Shelton, president of the Greater Las Vegas Association of Realtors. 13 Action News
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Tax Credit Extended
November 6, 2009 by admin
Filed under Positive Real Estate
President Obama just signed into law the Tax Credit extension for first time homebuyers and existing homeowners.
First-time homebuyers have been getting tax credits of up to $8,000 since January as part of the economic stimulus package enacted earlier this year. But with the program scheduled to expire at the end of November, the House voted 403-12 Thursday to extend and expand the tax credit to include many buyers who already own homes. The Senate approved the measure Wednesday, and the White House said President Barack Obama would sign it Friday.
Buyers who have owned their current homes at least five years would be eligible for tax credits of up to $6,500. First-time homebuyers — or anyone who hasn’t owned a home in the last three years — would still get up to $8,000. To qualify, buyers in both groups have to sign a purchase agreement by April 30, 2010, and close by June 30.
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Vancouver Gets Real Estate Boost From Olympics
November 3, 2009 by admin
Filed under Positive Real Estate
“The Olympics will not do anything else but put a spotlight on the city,” said McNeill, who sold more than 1,000 homes in 2009 and just reactivated a condo project, “James,” at the Olympic Village. “I don’t think the Olympics will change prices right after the Games, but it will in the mid- to long-term. I’m thinking the two- to five-year range.”
http://vancouver.24hrs.ca/News/local/2009/11/03/11612646-sun.html
Photo by striatic
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Toronto Real Estate Prices up 9.4% in 4 Months
November 3, 2009 by admin
Filed under Positive Real Estate
Toronto real estate prices increased by 9.4% in just four months according to the Teranet National Bank House Price Index.
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Pending Home Sales Up 8th Straight Month
November 2, 2009 by admin
Filed under Home Resales
Resale homes rose for the 8th straight month in September and was up 21.2 % compared to the same month last year.
The National Association of Realtors (NAR) reports that their index rose 6.1 percent from August to September, reaching 110.1.
the way the score works is that a score of 100 is equal to the average level of sales contract activity in 2001, which was the first year to be examined for the index.
- 2008 was 87.1
- 2007 it was 96.3
- 2006 it was 111.9.
The index is based on a large national sample of home-sale contracts signed during the month of September, and this sample typically represents about 20 percent of all resale transactions, according to NAR.
