Real Estate

Nationwide Foreclosure Activity Down

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New data released from RealityTrac – shows that foreclosure activity nationwide is accelerating downward, dropping 7 percent in the last month.  Experts track the national decline to California where the landmark Homeowners Bill of Rights, championed by progressives in the state, went into effect in January causing  a 39.5 percent decrease in foreclosure  filings from December to January.

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Selling Your Home and Closing the Deal

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There is no question that selling a home is an important event. A home sale represents transition, movement and change. Big money is involved. Households move from the known and comfortable to the unknown and a period of adjustment. There may be job changes, new schools, distance from old friends and the possibility of new ones. No less important, a home sale by itself can be complex. There will be people looking at your house, documents to sign and issues to be negotiated.

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Higher Home Prices Reduce California Housing Affordability

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Rising home prices offset lower interest rates, reducing housing affordability in California during the third quarter of 2012, the California Association of Realtors reported. The percentage of home buyers who could afford to purchase a median-priced, existing single-family home in California fell to 49 percent in the third quarter of 2012, down from 51 percent in second-quarter 2012 and from 51 percent in third-quarter 2011, according to C.A.R.’s Traditional Housing Affordability Index (HAI).

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Top 10 Turnaround Towns

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In the third quarter 2012, the nation’s real estate turnaround continued its movement to Western states. Realtor.com data also shows the recovery is both accelerating and broadening to reach more markets. In Q3 2012, the nation saw a reduction in median age of inventory of -13.89%, as well as a year-over-year reduction in inventory of -8.51%. National median list prices also increased slightly at 2.54% year-over-year during the third quarter.

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Real Estate Negotiation 101

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I find the “art” of negotiating to be a truly fascinating experience, and find myself often times spending as much time assisting investors to learn the business as I do helping them to understand effective and execute negotiating techniques.

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