I don’t know about you all, but my head is spinning. Good bailout, bad bailout, your fault, my fault, their fault… Status of the financial markets is important to real estate. Clearly if there is no credit, then there are no loans, which means no buyers, and sellers can’t sell. As such, I have been…
Remodeling… You start a project and then realize you are in way over your head. Ugh…time to find a contractor to help. Ask a friend… “Yeah, I know so and so, he’ll cut you a deal. He’s cheap.” After spending a ton of money trying to make the project work, cheap sounds good. The problem….illegal…
Earlier this year I got my tablet PC. My goal: paperless transactions. I’ve had a learning curve with it, but have it figured out now. I like it. Today, after having my clients sign on my PC, I emailed the offer right off to the other agent. I have registered email attached to all of…
I had planned to write a post about the bailouts and the financial mess this week, but Lenn Harley said what I wanted to say. Dear Mr. President It’s a great read. (c) Copyright, 2008. Melina Tomson, All Rights Reserved (ie…be nice and create your own content. Don’t steal mine…)
The University of Cambridge came out with a study a little over a week ago, where they looked at personality traits by state. They wanted to see if different regions had different personalities. This makes some sense to me. I mean people that live in Oregon and Washington tend to want to want be in…
Big Surprise? Of course not. Housing starts are down 48% from July 2008 over July 2007. Thank goodness. I’d hate to think that builders were continuing to overbuild. I have seen a few new construction homes that have gone into foreclosure and some local builders that have teetered on the edge renting new construction home…
Well…things are happening fast and furious in the world of finance. Fannie and Freddie is old news. In case you haven’t heard at 1:45 this morning, Lehman Brothers declared bankruptcy. In addition Merrill Lynch was bought by Bank of America (in a sell or go bankrupt move), and AIG will fail in about oh…48-72 hours…
Crummy real estate agents. You may have had one, or you know someone that did. US News & World Report wrote an article about how to tell if your agent is a crummy agent. There wasn’t anything particularly new about the information, but I am surprised at how many people hire crummy agents. 1) Communication-if…
The federal takeover of Fannie Mae and Freddie Mac has been all over the news. Unless you have been on vacation for the past week, I’m sure you at least read some blurb about this. What does that mean for us here in Salem Oregon? We are just one of the many that will be…
Knowing how much inventory is on the market is an important statistic to know when considering the price of your home. These figures are for residential home sales. The absorption rate is how fast homes are selling on a monthly basis. Inventory is how long it would take homes to sell at that rate assuming…