Delores Gragg
Keller Williams Tri-Valley Realty
Direct: 925 989 6500
Fax: 925 264 0796
deegragg@aol.com




Friday October 21, 2011

If you're looking to take advantage of the financial incentives for making your house a little bit greener, our cities are working to make it that much easier.

Tri-Valley Energy Challenge Helps Homeowners Save Money on Energy Efficiency Home Improvements

Pleasanton Patch, October 20, 2011

Dublin, Pleasanton and Livermore homeowners can now take advantage of additional incentives for energy-saving home improvements through the cities? recently launched Tri-Valley Energy Challenge, according to a press release from Energy Upgrade California.

As part of their commitment to reducing greenhouse gas emissions, the three cities are working together to ensure Tri-Valley homeowners can make the most of the available rebates ? now up to $6,000 ? from Energy Upgrade California, a statewide program that offers rebates and incentives for homeowners to make energy-efficient home improvements.

Additional rebates may be available through the cities.



Dublin, Pleasanton and Livermore have teamed up with Green Home Solutions, a provider of energy evaluations and home-performance improvements, to give homeowners a discounted $99 home energy assessment ? up to 75 percent in savings ? and an additional 10 percent off an energy upgrade.

Green Home Solutions recently participated in a similar Energy Challenge in Stockton and Sacramento that resulted in over 120 home energy upgrades. 

?Dublin, Pleasanton and Livermore?s Tri-Valley Energy Challenge is a great example of how cities can work together to help homeowners save money and energy, and to reduce Alameda County?s overall environmental footprint,? said Wendy Sommer, Principal Program Manager at StopWaste.Org, the local government agency that is leading Energy Upgrade California in Alameda County.

Dublin, Pleasanton and Livermore are co-hosting three free workshops for homeowners who want to learn more about available rebates, tax credits and the benefits of a home energy upgrade.

  • Wednesday, October 26, 6:30-8 p.m. at the Pleasanton Veterans Memorial Building.
  • Thursday, October 27, 6:30-8 p.m. at Livermore Library Community Room.
  • Saturday, October 29, 10-11:30 a.m. at Dublin City Council Chambers.

An energy upgrade can increase a home?s efficiency by 10-to-40 percent through ?fixed? improvements like insulation, duct sealing and energy-efficient windows.

To achieve the greatest efficiency gains and help homeowners qualify for the largest incentive available, Energy Upgrade California emphasizes a ?whole house? approach, rather than piecemeal improvements, as the most efficient and effective way to save money while saving energy.

For more information, homeowners can visit www.EnergyUpgradeCA.org or call 1-855-464-8484.

Energy Upgrade California just launched a new fundraiser for schools called Energize for the Prize: When Alameda County homeowners sign up for a home energy upgrade, the school of their choice will receive $100. The school that signs up the most households between now and April will earn an additional $5,000.

 

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Wednesday October 19, 2011

You've heard it before and here it is again - it's a great time to buy. And while we're getting used to these low rates, you can bet that they won't stay like this forever so make sure if you're on the fence that you check out all of your options.

30-year mortgage rates fall below 4% for first time


Lee Christie, CNNMoney, October 6, 2011

NEW YORK (CNNMoney) -- Mortgage rates have never been cheaper, with the 30-year rate falling below 4% for the first time in history.

The interest rate on a 30-year fixed-rate loan fell to 3.94% this week, the lowest rate since mortgage giant Freddie Mac (FMCC, Fortune 500) began tracking it. Meanwhile, the average for a 15-year fixed-rate mortgage also hit a record, falling to 3.26%.


"Average 30-year conventional fixed mortgage rates fell below 4% for the first time in history this week following a sharp drop in 10-year Treasuries early in the week as concerns over a global recession grew," said Freddie's chief economist, Frank Nothaft.

Yields on the benchmark 10-year U.S. Treasury bond, which mortgage rates closely track, have been under 2% this week, closing as low as 1.78%.

The dirt-cheap mortgage rates can result in considerable savings for homeowners. Compared with just three months ago, when the 30-year was at 4.60%, borrowers today can save about $40 a month per $100,000 borrowed. That comes to a savings of nearly $14,000 for every $100,000 borrowed over the life of the 30-year loan.

The low rates have done little to boost home buying, however, according to the Mortgage Bankers Association. Their weekly survey of mortgage applications reported a drop in all loans of more than 4%. Purchase loan applications were almost flat and refinance applications fell more than 5%.

"Potential borrowers largely remained on the sidelines, seemingly unimpressed by the lowest (by any measure) mortgage rates since the 1940s," said Mike Fratantoni, MBA's Vice President of Research and Economics.

Some industry insiders remain unimpressed by the relentlessly falling cost of mortgage borrowing.

"Record low rates, blah, blah, blah: We've already heard this," said Keith Gumbinger of HSH Associates, a mortgage information provider. "Other than the price of money, nothing else has happened."

Given the nation's faltering recovery, the turmoil in Europe and the struggling housing market, the downward trend in mortgage rates is natural, according to Gumbinger.

"The lowest mortgage rates come at the bleakest periods," he said.


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Monday October 17, 2011

   Tri-Valley schools find even more ways to help our community's kids learn.

New School of Imagination opens in Dublin /Education center for special needs an 'incredible gift for our children and families,' founder says

Dolores Fox Ciardelli, The Pleasanton Weekly, October 17, 2011



The School of Imagination opened its new Dublin facility this weekend with a festive ribbon-cutting ceremony Friday and a public open house on Saturday.

"It's an absolute miracle that the community came together to provide this incredible gift for our children and families," said Charlene Sigman, who founded the school's precursor, Happy Talkers, with her husband Mitch in 2001 when they opened their Pleasanton home for daycare and therapy for children with speech delays, autism and other developmental needs.

The Sigmans began with four children in their living room, and the endeavor grew until, still in their home, Happy Talkers served more than 120 children each week. It came to be recognized as a much-need community resource and evolved into School of Imagination.

For a decade the Sigmans and their team of specialists and educators have moved from place to place -- a total of eight times -- and this week finally settled into their new 12,000-square-foot, custom-built permanent facility. Most recently it was held at Crosswinds Church, with the teachers packing up their classrooms each Friday afternoon and reassembling them Monday morning.

"We finally have a permanent home. It's a dream come true," Charlene Sigman said at the ribbon cutting.

KTVU/Channel 2 Sports Director Mark Ibanez, whose 7-year-old child with autism has attended the School of Imagination, was emcee for the Friday ceremonies.

"It's a great day for me," Ibanez said. "Not many times do we get to celebrate the fruition of a miracle."

"We always have to have hope," he added. "Hope leading to a dream leading to this. Hope is alive and well in the Dublin-Pleasanton Valley."

At the dedication, both Charlene and Mitch Stigman thanked Discovery Homes, which donated the land and the building.

"Many times we could have thrown in the towel -- but we couldn't because of the children," Charlene said. "Thank you for making this school a reality."

"The Seeno family has no idea what a gift they've given us," Mitch added.

They also thanked the city of Dublin for its support, including former Mayor Janet Lockhart and current Mayor Tim Sbranti.

"Mitch and Charlene were so clear about their vision and what they wanted to see," Lockhart told the crowd. "They brought a dream to all of us."

Sbranti called the school a perfect example of a public-private partnership and said people across the state and even the country have heard of the School of Imagination.

"People are blown away," he said. "It's one of the most unique facilities in the United States."

With its "integrated inclusion model," the school pairs typically developing children and children with developmental disabilities.

"In this environment, children don't learn prejudices and discrimination because of a person's differences. They learn compassion, patience and understanding. It's the way the world is supposed to be," Stigman said.

The School of Imagination received the Jefferson Award for Public Service in 2006 (San Francisco Chronicle and CBS5 television) and is considered a national role model for inclusion programs.

School of Imagination provides developmental and educational programs as well as free screening and outreach services for children with developmental disabilities such as autism. It now reaches more than 300 children weekly, attracting students from as far as Sacramento, Napa and San Jose. Ten children are diagnosed with autism every day just in California, according to The Center for Disease Control and Prevention.

The Sigmans noted that the new facility would not have been possible without support from hundreds of volunteers, dedicated staff members, as well as government, non-profit and corporate entities, including Discovery Homes, the city of Dublin, Alameda County Supervisor Scott Haggerty, Black Tie Transportation, Quest Foundation, Pleasanton North Rotary, Providing Autism Research for Kids Sake, Palo Alto Medical Foundation and Santa's Charities.


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Wednesday October 13, 2011


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Wednesday October 13, 2011


The new API scores are here!


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Monday October 10, 2011

Congratulations to Tri-Valley's celebrated teachers!

Pleasanton and Newark Educators Named Alameda County Teachers of the Year

James T Ott, Pleasanton Patch, October 7, 2011

At Thursday night's Alameda County Teacher of the Year ceremony there was plenty of praise from administrators and fellow teachers alike for the 20 area nominees who have weathered the recent education cutback storm to emerge as standouts in their profession.

But in the end there could be only one - well two actually.

This year's winners were Newark Junior High School's Tom Collett and Pleasanton/Tri-Valley ROP Horizon Continuation High School's Karen McMahon.

"I'm very honored by this award," said McMahon. "As an educator of at-risk teen parents I feel my job is to help open doors and take them into a world they might not have experienced before. I must advocate for them and offer them opportunities to develop their knowledge and skills beyond the school day into the work day and everyday life."

"This is such an honor," said Collett. "Everything I do is geared toward how I'm going to engage my students every day, how I'm going to get them psyched about learning. While teaching can be physically and mentally draining, the joys of teaching make it worthwhile."


Both teachers thanked their friends, family and students and as much as they said they appreciated the award, they were quick to point out the hard work of all of their co-workers as a big reason for their success.

In fact, a big topic during the evening ceremony at the San Leandro Arts Education Center at San Leandro High was praise for all teachers amidst the recent climate of layoffs and budget slashing.

Alameda County Superintendent of Schools Sheila Jordan praised the winners but pointed out that every teacher in the county, along with their school administrators and staff, are equally important for a student's success.

"It takes a village to keep our schools and classrooms running at their best," said Jordan. "They are the real-life heroes of Alameda County."

The theme of the night was ?Celebrating Real Life Heroes,? and the nominees were:

- Alameda COE:       Aixa Caraballo, Burke Center

- Alameda USD:       Elizabeth Young, Washington Elementary School

- Berkeley USD (team teachers): Hillary Mitchell and Kimberly Burton, Washington Elementary School

- Castro Valley USD: Tina Johansson, Creekside Middle School

- Dublin USD:           Jan Cohen, Wells Middle School

- Emery USD:           Tarsha Jordan, Anna Yates Elementary School

- Fremont USD:        Lewis Kilcrease, Walters Junior High School

- Hayward USD:        Diane Shepherd, Bowman Elementary School

- Livermore VJ USD: Linda Stevens, Rancho Las Positas Elementary School

- New Haven USD:    Julie Panebianco, James Logan High School

- Newark USD:          Tom Collette, Newark Junior High School

- Oakland USD:         Lissette Averhoff, ACORN Woodland Elementary School

- Oakland USD:         Lisa Hiltbrand, Urban Promise Academy

- Pleasanton USD:     JoAnn Koobatian, Foothill High School

- San Leandro USD:   Heather DiMaggio, James Madison Elementary School

- San Lorenzo USD:   Glenna Wurm-Hayenga, San Lorenzo High School

- Sunol USD:             Suzette Takei, Sunol Glen School

- Fremont| Mission Valley ROP:  Mari Moschetti, Kennedy High School

- Pleasanton| Tri-Valley ROP:     Karen McMahon, Horizon Continuation High School

- San Lorenzo| Eden Area ROP:  Christina Charlton, Arroyo High School

Each nominee was given an award for their nomination and allowed a speech and thank yous.

The County Office of Education also had a professional videographer interview each nominee and capture him or her in action in the classroom.

Those videos were shown, garnering an equal amount of laughs and cheers from the crowd.

Perhaps the most touching moment of the night was a performance by Foothill High School's Advanced Choir, whose nominee teacher Joann Koobatian is hospitalized due to advanced cancer.

Foothill High student Lois Lee conducted the choir her place while Koobatian's husband and daughter came up to the podium to accept her award.

Mistress of Ceremonies, Superior Court Judge Trina Thompson put the night into perspective saying, "It's because of a teacher that I'm standing here today. And the fact that you are all here is because you set yourself apart - you are responsible for our future."

McMahon and Collett will now represent Alameda County in the California Teacher of the Year competition. The winners will be announced in November.

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Friday October 7, 2011

Despite what the news can scare us about, buying a home is still a solid investment.

Buying A Home Safer Bet Than Buying Gold 

Susan Straight, Inman News , September 22, 2011

The results of a biannual survey, released this week by real estate search and marketing portal Trulia, found that 80 percent of homeowners plan to buy another home, and that most survey participants view homeownership, and placing money in a 401(k) or other retirement account, as the best long-term investments. Market research firm Harris Interactive conducted the survey, which drew responses from 1,392 homeowners and 758 renters, from Aug. 30, 2011, to Sept. 1, 2011.




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Wednesday October 5, 2011

Knowledge is power and knowing about your home is no exception. Whether you're thinking about selling, remodeling or just curious, check out this information about how understanding your home's roots could pay off big time!

A little architectural knowledge can go a long way for homeowners

Susan Straight, The Washington Post, September 30, 2011




When was the last time you thought about the architectural style of your house? The listing when you bought it said it was a Colonial, but is it really?

When real estate agents list a property with the multiple listing service, they have complete discretion over how to categorize the architectural style of the house.

Sometimes they get it wrong. Official records occasionally get it wrong as well. And often, homeowners themselves aren?t even sure.

But real estate professionals say that knowing your Colonial from your Federal- and Tudor-style home really matters when it comes to buying and selling. That?s because certain styles are more popular than others, and a home?s style can factor into its resale value, agents say.

By far, most area agents say Colonial-style homes have long been the most popular in the Washington area. These are typically brick, two- or three-story homes that feature a gable roof, a front door centered on the house and symmetrical windows spaced on either side. Usually, they are rectangular in shape, with simple detailing; living spaces are on the first floor and bedrooms on the second.

"Why do people want a Colonial? There are many factors that go into determining the price of a house, but one straightforward correlation is that a Colonial is simply a bigger house," said Betsy Davis, data analyst at Real Estate Business Intelligence.The average square footage for all Colonials sold in the Washington area in 2010 was 2,537. The next largest house style was the split-level, at an average 1,697 square feet. Split-level homes are designed with the floors offset from one another, connected by short stairways.

The three most popular styes in the Washington area are Colonials, ramblers and Cape Cods. These styles represented 70 percent of total area sales in 2010, according to data provided by Metropolitan Regional Information Systems, a local multiple listings service.

Colonials alone account for more than 40 percent of all sales in the Washington area, with an average price of $623,387, according to MRIS data. The average sale price for a split-level home was $419,024, according to the data.

Although Craftsman and Spanish-style homes are fewer in number, MRIS data also found that those styles had high average sale prices, perhaps reflecting more custom home sales.

"You shouldn't pay a Colonial price for a split foyer-style home," said Jim Warkentin of Keller Williams Realty of McLean. He explained that a split-foyer home is less expensive to construct because it doesn't require builders to dig a full basement.

The region's abundance of Colonials, particularly in the District and close-in suburbs, has much to do with timing. Many of the area's homes were built during World War I and World War II. During that period, "Colonial Revival was the most popular historic revival house style in the United States," said architecture columnist Jackie Craven.

The Colonial Revival style - essentially, a Colonial-style home that was not built during the Colonial period - followed on the heels of the Victorian style.

"During the last part of the 19th century, builders began using a new tool - the jigsaw - to create more detailed designs on home exteriors, making elaborate Victorian-style homes," said architectural historian Kimberly Prothro Williams. The Colonial-style homes that followed evoked a style marked by smaller, less ornate homes without the Victorian excess considered gaudy by then," Williams said.

House styles are more than just a how a home is put together. "Architectural styles are representative of a period," said Williams, National Register coordinator for the D.C. Office of Planning/Historic Preservation Office. Knowing about the architecture of your home can inform you what was happening at the time and what people were thinking."

Sometimes learning more about the architecture of your home can result in a kind of structural buried treasure. "Sometimes older houses are completely subsumed by later additions. It's always an incredible find," said Williams. This may mean your mid-century modern started as a Victorian, or it may mean uncovering buried elements of earlier styles.

When Williams was summoned to a private home in Annapolis a few years ago, she never dreamed what she would see: a fully preserved roof from the 1700s. Owners who had purchased the Georgian-style home in the mid-1800s had completely covered the old roof with a new one, essentially casing it into a new attic level. "The round butt shingles were completely preserved," said Williams.

"We were all just blown away. It's rare to have an 18th-century roof intact with original materials. Most would have had shingles replaced multiple times," said Williams. Even the people who owned it at the time had no idea what an architectural marvel lay literally under their roof.

In the District, different parts of the city showcase architectural styles that were popular when the houses were constructed. The city's northwest and northeast quadrants were largely built during the Victorian era, Williams said.

Many homes built in the past 50 years combine a number of different architectural elements and hint at styles from different periods. "Modern-day homes are often called neo-eclectic," said architecture columnist Craven. "They are an eclectic mix of details borrowed from many times, places, and building traditions."

For many homeowners, a house's architectural style is part of its appeal. Even home buyers who know little about whether a roof is hipped or gabled notice architecture, agents say.

"What I find most in Washington is that buyers don't buy what they truly want; they buy what they can sell. They know five years down the road they'll be leaving, and they know they can sell it," said Roger Carp, branch manager at the Bethesda Avenue Long and Foster office.

 

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Monday October 3, 2011

Some interesting news about how our schools are being rated. The Pleasanton Express fills us in about changes...

 

It seems that every few years, the state starts using a new method of measuring the quality or progress of public schools.

And that somehow affects school funding.

 

 

 

 

The new measuring stick is the FAST Ratings. FAST means ?Financial Allocation Study for Texas.? It really isn?t new. Jourdanton ISD Superintendent Lana Collavo explained, ?It?s been around for several years.? In 2009 the Texas Legislature told the state comptroller to come up with a method to show how schools and districts can be compared while looking at ?high academic achievement and cost-effective operations.?

?The FAST report examined both school finances and student progress to evaluate the effectiveness of educational spending.? FAST rates the districts and school campuses from a one-to five-star using an academic progress rating and a spending index ? the rank of cost-adjusted operating expenditures relative to the fiscal peer group. The comptroller says, ?The FAST rating allows for fair and meaningful comparisons among Texas school districts and campuses. The rating is a simple average of an academic component (the FAST composite academic progress score) and a financial component (the FAST spending index).?

In a review of the comptrollers information, it shows the ?adjusted spending per student? that each school district has spent. The cost per student (adjusted) amounts are:

Charlotte ISD $9,454

Jourdanton ISD $8,461

Lytle ISD $8,002

Poteet ISD $7,433

Pleasanton ISD $8,164

McMullen Co. ISD $20,971

The amounts being spent are compared with other schools or districts that are considered to be doing the best progress in education and the amount of money that school or district is spending.


The comptroller uses a portion of the (state mandated) Texas Education Agency Accountability report (math and reading). Improvements from year to year are then compared to how much was spent resulting in that improvement.

According to Supt. Collavo, spending more money does not necessarily mean a school or district will get more stars on their rating. Even within a school district, there can be a big difference between the various campus? ratings. While elementary schools usually have younger teachers, it is likely that the school?s spending is lower than junior high and high school campus? spending where the teachers may be those with higher tenure.

?The 2011 FAST ratings now incorporate Texas Education Agency (TEA) data from the 2009-10 school year,? Texas Comptroller Susan Combs continued to explain. ?In addition, the updated Web reporting tool includes 2009-10 data from TEA?s 2009-2010 AEIS report as well as 2011 accountability ratings.?

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Friday September 30, 2011

Looking for something new to do this weekend? For the more adventurous Tri-Valley residents, check out the annual Tomato Battle taking place at the Alameda Fair Grounds this weekend.


October 1, 2011

Tomato Battle where? To the Bay Area. This is going to be the food fight of a life time so come down and make some new friend in the ketchup rain. Tickets are $59.99.

Schedule of Events for Saturday October 1, 2011

Noon    Registration & Beer Garden Opens
1:00 PM Performance by Giggle Party
2:00 PM Performance by Finding Jupiter
3:00 PM Performance by Eyes Like Mine
3:40 PM Costume Contest
4:00 PM Tomato Battle
4:20 PM Performance by Our Vinyl Vows
5:20 PM Performance by Sugar Water Purple
6:20 PM Performance by Brooks Was Here

                             

Location Information:
Alameda County Fairgrounds
4501 Pleasanton Ave
Pleasanton, CA

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Wednesday September 28, 2011

A troubled economy can still offer great opportunity. Here is some information about taking advantage of the current low rates, low housing prices and sky-rocketing rent.

Cashing In On Rental Property

 Jeff Wallach, MONEY Magazine, September 2, 2011

 

Most of the news lately about real estate has been dismal: Home prices are swooning, foreclosures ballooning.

There is, however, one bright spot: the rental market, where demand is up and rents are rising. That's partly because those foreclosures have turned more than 4 million former homeowners into renters, but also because many other prospective homeowners, worried about losing their jobs or housing prices falling a lot further still, are reluctant to buy now.

As with many investments, the best time to get in is when most others are sitting on the sidelines. To figure out whether you can benefit by investing in rental property, here's what you need to know.


 

THE CASE FOR BUYING NOW

Many factors make this a great time to invest. Mortgage rates are at a 40-year low, and homes in many areas are ultra-cheap. Meanwhile, demand for rentals has risen in more than 500 cities, according to recent Census data. That, in turn, has enabled landlords to charge more. Hotpads.com, a real estate research firm, reports that rents nationwide jumped 11.6% in 2010, to $1,320 a month.

You'll need that rental income to tide you over until home prices bounce back; in fact, the typical investor today plans to hold for 10 years, according to a survey by the National Association of Realtors.

If you can hang on that long, you've got a good shot at solid gains, especially if you're financing the home purchase. "Whereas leverage is dangerous when buying stocks, it can be a good long-term strategy with real estate," notes real estate investor and Columbia University adjunct finance professor Marshall Sonenshine.

The big catch: "Can you afford to hold the property that long and not need the equity for your kid's college fund?" says Sonenshine. Or whatever other pressing need might crop up.

You'll also face some tough financing rules. Most banks now require a down payment of at least 20% to 25% and evidence you have enough cash to cover six months' worth of mortgage, tax, and insurance payments.

HOW TO FIND A GOOD DEAL

Investment real estate is like produce: It's best bought locally. "Buy something you can get to in 10 minutes," says Seattle real estate investor Bill Snyder.

Familiarity with the neighborhood also limits nasty surprises like a noisy bar or a nearby development competing for renters.

Work with a local realtor who has experience with rentals and can help you assess how attractive a given home will be to tenants.

KNOW WHAT YOU'RE IN FOR

Brush up on your people skills: Owning rentals also means responding to tenant complaints, like the 2 a.m. phone call about a broken toilet. Want to palm off the grunt work? You can hire a handyman (around $45 an hour) or a management company (8% to 10% of monthly income plus a half-month's rent for filling vacancies), but the luxury will eat into cash flow.

To find your own tenants, creative ads on Craigslist are your best bet. Run credit and reference checks (National Tenant Network, at ntnonline.com, can help). And invest in small touches to make your place stand out, such as cool lighting fixtures or antique door hardware. Those will pay off when it's time to sell too.  

 

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Monday September 26, 2011

Trails Challenge 2011!

This is a whole new way to experience everything outdoors that our community has to offer. I, for one, am looking forward to a fall filled with selling homes and hopefully getting out to enjoy some of these trails!



Some information from the organizers...

Let's get fit in our Regional Parks and Trails! The Trails Challenge is a self-guided, self-paced hiking program that encourages good health through enjoyable outdoor exercise.

Register today! You must register for the Regional Parks Foundation online community to participate. Start by creating your new user registration today.


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Friday September 23, 2011

A history of real estate that offers some perspective on where  we came from...

No Longer Nomads: The History of Real Estate
 


From Investopedia.com.

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Wednesday September 21, 2011

Some great information for those looking to sell right now. Indicators show some rebound in the market so those waiting to sell their home might find the right time fast approaching...

Pricing attractive to buyers

  Tara Steele, Agentgenius.com, September 21, 2011




In August, sales of existing homes rose 7.7 percent from July, according to the National Association of Realtors (NAR) and beating most economists? projections. Existing home sales are up 18.6 percent from a year ago. Buyers are coming back to the table, attracted by lowered home prices which are down 5.1 percent from this time last year, as well as low interest rates.

?All year, the relationship between home prices, mortgage interest rates and family income has been hovering at historic highs, meaning the best housing affordability conditions in a generation,? said NAR President Ron Phipps.

Dr. Lawrence Yun, NAR chief economist, said there are some positive market fundamentals. ?Some of the improvement in August may result from sales that were delayed in preceding months, but favorable affordability conditions and rising rents are underlying motivations,? he said. ?Investors were more active in absorbing foreclosed properties. In additional to bargain hunting, some investors are in the market to hedge against higher inflation.?

?We had some disruptions from Hurricane Irene in the closing weekend of August, when many sales normally are finalized, along the Eastern seaboard and in New England,? Yun said. ?As a result, the Northeast saw the smallest sales gain in August, and some general impact is expected in September with widespread flooding from Tropical Storm Lee. Aberrations in housing data are possible over the next couple months as markets recover from disrupted closings and storm damage.?

 

 

 

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