Where does the investment of a lifetime begin. Owning a Home!!! Think you're not able to buy a Home? We might be able to change your mind. We can eliminate confusion, explain your options and empower you to make an informed investment in your family's future.
REMAX SEVICES AND WELLS FARGO HOME MORTGAGE are hosting a free, no obligation first time home buyers seminar. Learn about how to purchase your dream home! Learn about the ins and outs of Real Estate shopping and the details of how to get financing along with the rules on how to get your $7500.00 tax credit.
Topics will include:
*Steps in the home buying process with your realtor
*Financing-including Free Mortgage Pre-approval
*Home inspection services
*Title insurance services
*Questions and Answer session
DATE: Every First Wed (12/3/08 - 1/7/09 - 2/4/09)
TIME: 6:00PM
PLACE: Panera Bread
101 Germantown Pike
Norristown, PA 19401
Contact/RSVP:
Nancy Helfrich
610-316-5524 or email nancy@nancyhelfrich.com
Bring a Friend! Coffee Included!
Monday, December 1, 2008
Monday, August 4, 2008
Housing stimulus bill signed by President BushPresident Bush has signed a broad-based housing stimulus bill that includes a myriad of provisions designed to benefit consumers and the housing industry. Among the measures in the new law is a first-time homebuyer tax credit that is available for any qualified purchase between April 8, 2008 and June 30, 2009.
http://www.realtor.org/GAPublic.nsf/files/chart_homebuyer_tax_credit_.pdf/$FILE/chart_homebuyer_tax_credit_.pdf
Click here to access a chart that outlines the basic features of first time homebuyer tax credit.
http://www.suburbanrealtorsalliance.com/news/documents/homebuyertaxcredit--QA7-29-08.pdf
Click here to access a Q&A document that will describe the operation of the credit more fully.
http://www.realtor.org/gapublic.nsf/pages/hr_3221_key_provisions
Click here to access a summary of the key provisions of the housing stimulus bill.
Yeah! More help on the way...
Please let me know your thoughts on this and other ways the government can improve our current housing market.
Thanks and stay cool...
http://www.realtor.org/GAPublic.nsf/files/chart_homebuyer_tax_credit_.pdf/$FILE/chart_homebuyer_tax_credit_.pdf
Click here to access a chart that outlines the basic features of first time homebuyer tax credit.
http://www.suburbanrealtorsalliance.com/news/documents/homebuyertaxcredit--QA7-29-08.pdf
Click here to access a Q&A document that will describe the operation of the credit more fully.
http://www.realtor.org/gapublic.nsf/pages/hr_3221_key_provisions
Click here to access a summary of the key provisions of the housing stimulus bill.
Yeah! More help on the way...
Please let me know your thoughts on this and other ways the government can improve our current housing market.
Thanks and stay cool...
Sunday, June 15, 2008
The 80/20 Rule of Foreclosures in America 2008
The 80/20 Rule Of Foreclosures in America (May 2008)
Posted on June 13, 2008Filed under Foreclosures Read the complete post or link to it
RealtyTrac's May 2008 foreclosure report looks terrible in the papers, but there's good reasons why we don't get our news from the headlines only.
A deeper look at the data shows that the whole country is not being impacted equally.
California is home to 8 of the 10 most foreclosure-heavy cities in the country
Just 4 states accounted for more than half of the country's foreclosure activity
Many states -- including Ohio -- showed a reduction in foreclosure activity
But of all of the interpretations, it's most astounding that the Pareto Principle is still (pretty much) in effect -- 80 percent of foreclosure activity was tied to just over 20 percent of the states.
Posted on June 13, 2008Filed under Foreclosures Read the complete post or link to it
RealtyTrac's May 2008 foreclosure report looks terrible in the papers, but there's good reasons why we don't get our news from the headlines only.
A deeper look at the data shows that the whole country is not being impacted equally.
California is home to 8 of the 10 most foreclosure-heavy cities in the country
Just 4 states accounted for more than half of the country's foreclosure activity
Many states -- including Ohio -- showed a reduction in foreclosure activity
But of all of the interpretations, it's most astounding that the Pareto Principle is still (pretty much) in effect -- 80 percent of foreclosure activity was tied to just over 20 percent of the states.
Friday, April 11, 2008
2008- The Best Yesr to Buy a Home in 35 Years!
"2008—the Best Year to Buy a Home in 35 Years!"
Proof: In April of 1973, mortgage rates were about the same as they are today. Since that time, we have only had mortgage rates this low during 2001 and 2002, the height of the seller's markets where there was little inventory.
In the last two major buyer's markets, one in the early 1980s and the other in the early 1990s, the rates were much higher. In 1978, interest rates were at 9.75 percent, en route to 18 to 21 percent in 1980. In the early 1990s, the rates were hovering in the 11 to 12 percent range.
Thus, today's buyer's market, with exceptionally low mortgage rates plus a substantial supply of inventory, is the best time in decades to purchase.
Proof: In April of 1973, mortgage rates were about the same as they are today. Since that time, we have only had mortgage rates this low during 2001 and 2002, the height of the seller's markets where there was little inventory.
In the last two major buyer's markets, one in the early 1980s and the other in the early 1990s, the rates were much higher. In 1978, interest rates were at 9.75 percent, en route to 18 to 21 percent in 1980. In the early 1990s, the rates were hovering in the 11 to 12 percent range.
Thus, today's buyer's market, with exceptionally low mortgage rates plus a substantial supply of inventory, is the best time in decades to purchase.
Monday, March 10, 2008
To Buy or Not To Buy
GETTING OFF THE FENCE
Today, many of you are hesitant about getting into the market, or wary about moving up to a new home. The reason many of you are on the fence is because you are are afraid of paying too much for a house. You feel like you’re at a store and want to make a purchase, but you’ve been told the store is having a sale next month. Fact is nobody knows where the bottom of the market is. We’ll only know after it has already corrected itself and is on the way back up.
Ask yourself why you are buying a home. Determine what your motivation is so I can help you through any concerns you have. You should know that now is a great time to buy because:
There are a lot of homes for sale which means all buyers have many choices and you'll be able to find a home you really love.
Prices have adjusted approximately 12% - more in some markets, less in others. So let your buyers know…the store has already had its sale!
Interest rates are good.
Waiting often doesn’t pay. Buyer opportunities have never been better so help me help you build your long-term wealth with a home. Give me a call.
Today, many of you are hesitant about getting into the market, or wary about moving up to a new home. The reason many of you are on the fence is because you are are afraid of paying too much for a house. You feel like you’re at a store and want to make a purchase, but you’ve been told the store is having a sale next month. Fact is nobody knows where the bottom of the market is. We’ll only know after it has already corrected itself and is on the way back up.
Ask yourself why you are buying a home. Determine what your motivation is so I can help you through any concerns you have. You should know that now is a great time to buy because:
There are a lot of homes for sale which means all buyers have many choices and you'll be able to find a home you really love.
Prices have adjusted approximately 12% - more in some markets, less in others. So let your buyers know…the store has already had its sale!
Interest rates are good.
Waiting often doesn’t pay. Buyer opportunities have never been better so help me help you build your long-term wealth with a home. Give me a call.
Friday, January 11, 2008
Housing Market Outlook for 2008
Is the housing market going to sink or swim in 2008? The Real Estate Journal provides a roundup of opinions on this vital part of the U.S. economy. Thomas Kostigen of MarketWatch is optimistic. "At the first blush of renewed energy, the real estate market will bounce back," he says. On the other hand, Bankrate writer Steve McLinder advises homeowners to "wait it out."
Posted on January 7 at 10:05 AM Permanent Link
Impact of Foreclosures
According to RealtyTrac, foreclosures are increasing in the top 100 metropolitan areas for the third quarter. Stockton, California had the greatest increase foreclosures, 32% rise from the last quarter. Other areas with an increase in foreclosures include Detroit, Riverside-San Bernadino, California , Fort Lauderdale, Las Vegas, Sacramento, Cleveland, Miami, Bakersfield and Oakland. "When foreclosure can’t be avoided, the losses extend beyond the borrower losing a home. The foreclosure process typically costs lenders added legal fees, taxes due until the property is sold and lost equity in a house that must be priced to sell in a falling market. The added inventory of unsold homes further weakens local housing markets, depressing the value of other nearby homes."
Posted on November 15 at 11:27 AM Permanent Link
2008 Revival?
Craig Guillot of Bankrate.com thinks "the residential real estate market shows signs that demand is building and home values may start recovering in 2008." With home sellers cutting prices and builders getting rid of excess inventory, bargain hunters may snap up those houses. "While the housing downturn may not be good for the overextended homeowner or mortgage lender left holding the bag, many economists agree that it is healthy to make a transition to a housing market driven on fundamentals instead of speculation. "
Posted on November 8 at 11:09 AM Permanent Link
When will the housing slump end?
The end of 2009, says the Mortgage Bankers Association, according to Realty Times. [Doug Duncan] says that existing home sales for 2007 will be about 5.72 million units for a 12 percent decline from 2006, and that existing home sales will slump 10 percent further before they pick up by five percent in 2009." Meanwhile, the National Association of Home Builders says "While there's no question that the housing downswing continues to be played out in markets across the country, today's numbers show that builders are pulling back on production until sales improve," says Seiders, "This is exactly what our latest builder surveys have told us. We do expect some additional downward movement in housing production going into next year, at which point starts should begin to stabilize as sales turn upward in the second quarter."
Posted on October 18 at 10:07 AM Permanent Link
How is the economy and new home size connected?
According to the Wall Street Journal Online, home builders are offering smaller homes due to the problems in the housing market. "Financing has tightened down so much that many people aren't able to qualify for the larger houses," said Kathryn Boyce, an account executive in Northern California for Boston-based real-estate research firm Hanley Wood Market Intelligence. "Throughout the U.S. people can't afford what they previously did. Floor plans are going to get smaller." Many homebuilders are scaling down the size of their McMansions due to affordability.
Posted on September 25 at 02:47 PM Permanent Link
Posted on January 7 at 10:05 AM Permanent Link
Impact of Foreclosures
According to RealtyTrac, foreclosures are increasing in the top 100 metropolitan areas for the third quarter. Stockton, California had the greatest increase foreclosures, 32% rise from the last quarter. Other areas with an increase in foreclosures include Detroit, Riverside-San Bernadino, California , Fort Lauderdale, Las Vegas, Sacramento, Cleveland, Miami, Bakersfield and Oakland. "When foreclosure can’t be avoided, the losses extend beyond the borrower losing a home. The foreclosure process typically costs lenders added legal fees, taxes due until the property is sold and lost equity in a house that must be priced to sell in a falling market. The added inventory of unsold homes further weakens local housing markets, depressing the value of other nearby homes."
Posted on November 15 at 11:27 AM Permanent Link
2008 Revival?
Craig Guillot of Bankrate.com thinks "the residential real estate market shows signs that demand is building and home values may start recovering in 2008." With home sellers cutting prices and builders getting rid of excess inventory, bargain hunters may snap up those houses. "While the housing downturn may not be good for the overextended homeowner or mortgage lender left holding the bag, many economists agree that it is healthy to make a transition to a housing market driven on fundamentals instead of speculation. "
Posted on November 8 at 11:09 AM Permanent Link
When will the housing slump end?
The end of 2009, says the Mortgage Bankers Association, according to Realty Times. [Doug Duncan] says that existing home sales for 2007 will be about 5.72 million units for a 12 percent decline from 2006, and that existing home sales will slump 10 percent further before they pick up by five percent in 2009." Meanwhile, the National Association of Home Builders says "While there's no question that the housing downswing continues to be played out in markets across the country, today's numbers show that builders are pulling back on production until sales improve," says Seiders, "This is exactly what our latest builder surveys have told us. We do expect some additional downward movement in housing production going into next year, at which point starts should begin to stabilize as sales turn upward in the second quarter."
Posted on October 18 at 10:07 AM Permanent Link
How is the economy and new home size connected?
According to the Wall Street Journal Online, home builders are offering smaller homes due to the problems in the housing market. "Financing has tightened down so much that many people aren't able to qualify for the larger houses," said Kathryn Boyce, an account executive in Northern California for Boston-based real-estate research firm Hanley Wood Market Intelligence. "Throughout the U.S. people can't afford what they previously did. Floor plans are going to get smaller." Many homebuilders are scaling down the size of their McMansions due to affordability.
Posted on September 25 at 02:47 PM Permanent Link
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