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Segments For August 23rd 2014


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    THE NATIONAL ASSOCIATION OF REALTORS®
    HouseLogic.com
    REALTOR®.com

    Top News Of The Week

    - EHS Up
    - HUD-1 Changes
    - Homes Are Still Affordable
    - Reason For Optimism in Housing
    - Cheapest Places to Finance Home
    - New Highs for Property Values
    - EHS Up
    - More Housing Markets Become Normal
    - 2014 is Great Year for Home Buyers
    - U.S. Households Top Global List

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    Local Market Conditions

    It’s time to take a look at the latest real estate data from across the country, and today we’ll be looking at the latest Existing Home Sales report for the month of July released this week by the NATIONAL ASSOCIATION OF REALTORS®.

    And after a chilly start to this year, the real estate market started to pick up some momentum throughout the spring and summer. Existing Home Sales have been climbing steadily and, something we’re very glad to see, so has inventory. So did that good news carry on over into July? Well, we’ve got good news for you as July turned out to be one of the best months yet.

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    Distressed Properties

    We’re going to take a look at one of the key measurements in any real estate market – and that is, distressed properties.

    Properties that are in the process of foreclosure, or a short sale.

    They’re very bad news, whenever they happen. First, for the families who live in those houses. Families who can’t pay the mortgage, so they have to leave, and face an uncertain future. It’s a heartbreaking loss.

    Bad news also for the communities they’re located in. Distressed properties are almost always sold at a deep discount – so they throw off the entire market. The comps for neighboring properties come in lower. They can drive the whole market down. Ever try to sell a house, after a place down the block goes into foreclosure? That hurts.

    And as we all know, distressed properties were one of the major problems when the housing crisis hit less than a decade ago.

    But the good news is – we’ve gone through a 180 degree transformation and we’re making impressive progress. Normally in real estate, we like to hear about the numbers “rising.” In this case – a “decrease” is what we’re looking for.

    And every month – we are NOT disappointed.

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    Are We There Yet?

    As we’ve learned – things are looking good. The economic indicators are looking better every month. As we mentioned at the top of the show, Existing Home Sales were up once again in July – so are home prices – and fewer and fewer homes are facing short sales or foreclosures. So yes, things are looking much, much better.

    But as we wrap up today’s show, we wanted to ask a very simple, yet a very powerful question about the nation’s real estate recovery. And that is – are we there yet?

    Sure, we’ve made a lot of progress. But – are we back to normal?And if not, why not? What’s already fixed, what’s almost fixed, and what still has a long way to go?

    Well, let’s find out by taking an in-depth look at the key indicators – home sales, inventory, prices distressed property sales and mortgage rates – so we can see where we stand.

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    Segments For August 16th 2014


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      Hot links

      THE NATIONAL ASSOCIATION OF REALTORS®
      HouseLogic.com
      REALTOR®.com

      Top News Of The Week

      - Values of Homes Still Increasing
      - Mortgage Market is Thawing
      - Home Buyers Getting Easier Access to Credit
      - Affordable Homes Draw Buyers
      - First Time Homebuyers Get Older
      - Mortgage Closing Costs Rise
      - When Home Renters Should Buy
      - Housing Markets for Families
      - Mortgage Lenders Ease Standards
      - Homebuyers Turned Off by Antennas

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      Local Market Conditions

      It’s time to take look at the latest real estate facts and figures from across the country.

      This week we’re going to go further into the most recent Existing Home Sales report from THE NATIONAL ASSOCIATION OF REALTORS®, concentrating on June sales of existing homes by price category.

      June showed many positive figures when it came to sales in many price categories across the country. We particularly saw homes priced above $1,000,000, showing substantial year over year growth. But in June of this year we saw sales grow in every price category except the very lowest. Once again, it’s the high end of the market that’s doing well. It was in the higher range of the market from the $750,000 to $1,000,000 mark, where we saw the second largest climb.

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      Dream Team Member: The Real Estate Attorney

      We’re talking about putting a team of pros together – and using them exclusively over the years, to help make your real estate plans happen more efficiently, more smoothly, and we hope – more profitably.

      Now in most cases, your REALTOR® can handle just about anything, in terms of the listing, the offer, the contract, and the contingencies. But there are situations in which your REALTOR® might recommend you go a step further…and hire a real estate attorney.

      Now typically, most people only see a real estate attorney at the settlement table. They run the settlement, with the buyer on one side, the seller on the other. At the settlement table, they oversee the transfer of property – and the money that paid for that property. But that’s not all a real estate attorney does. In fact, they’re can help with many areas of real estate – no matter how big – or small – your real estate holdings are.

      So let’s take a look at some of the ways real estate attorneys can be a big part of your real estate dream team.

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      Your Real Estate Dream Team

      We wanted to take a look back – at a great way to help you move forward, in every real estate transaction you do. Because today’s program is dedicated to the strategy that buying and selling real estate can happen faster, more efficiently, and hopefully more profitably – if you assemble a team of experienced professionals, and rely on their talents every time.

      And we’re not talking about just any professionals. We’re talking about people you enjoy working with. People you trust. People who provide results. And people who will put all their knowledge and talent to work – for you. Every time you call.

      First up? your REALTOR®. Remember – all real estate is local, so the local market knowledge your REALTOR® brings to the table is worth its weight in gold. Remember the time they told you about the new house that just came on the market? Or, that day they called you to say a buyer was making an offer on your house? Well, the same passion and ability your REALTOR® brought to your first transaction together, will only get better over time, when you work with them again and again. They’ll know you and your goals – and you’ll know them, and their track record of success.

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      Segments For August 9th 2014


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        Hot links

        THE NATIONAL ASSOCIATION OF REALTORS®
        HouseLogic.com
        REALTOR®.com
        Walk Score
        Ilyce Glink’s website

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