Colli Real Estate

Ten market "Up and Down" for the first quarter of 2009

1. The back offers multiple agents increasingly we are witnessing a number of housing proposals that are made to get away well and in good condition. With all the seized there, buyers must get through to homes in less than perfect condition, and when they find a high quality ad that rushed over him.

2. Negative equity Home Ownership: Owners in a situation of negative equity are more the rule than the exception. A fifth, nearly 22% of owners have more than their house is worth.

3. Some markets do Increase: While home prices have generally declined from 14.2 per percent last year, there are few markets that have seen an increase in home prices from January to March 2009.

These include:

Fayetteville, NC: 14.4%;
Oklahoma City, OK: +5.1%
Binghamton, NY: +2.5%
Jacksonville, NC: +2.5%
Cumberland, MD: 2.3%
Austin, TX: +1.6%
Gainesville, GA: +1.5%
Toledo, OH: +1.5%

4. The ten markets have dropped over 20% are:

Redding, CA: -34.1%
Vallejo, CA: -31.8%
Riverside, CA: -31.1%
Las Vegas, NV: -30.3%
Modesto, CA: -30.4%
Bakersfield, CA: -29.4%
Phoenix, AZ: -24.4%
Miami, FL: -23.7%
Naples, FL: -23.9%
Santa Barbara, CA: -22.9%

5. Ok Senate Foreclosure Bill: Senate approval the bill preventing locking means higher standards for lenders and additional provisions for owners of foreclosed properties. Now, the owners within 90 days of grace before to move. The deposit insurance by the FDIC increased from $ 100,000 to $ 250,000. It also discourages some lending practices the old. However, lenders must be willing to assume financial responsibility for mortgages announced with "too good to be some "developments of interest.

6. $ 8,000 homeownership tax credit: It has been presented as an incentive for early buyers of the first step towards home ownership.

7. Home Builders losses on the road to recovery: Major home builders have made losses in the first quarter declined for a year. Pulte Homes reported a loss of $ 514 million in 2009, improved from 696.1 million dollars at the same time in 2008. DR Horton Inc. report losses of 108.6 million U.S., compared to 1.31 billion dollars during the first quarter of 2008. Horton said his strategy includes the construction of new small houses whose prices and lower in order to compete with sales lock works.

8. Interest rates lower than long term short term: Now, it is cheaper to get to 30 years Fixed mortgage rates (currently averaging 4.80 percent), a period of 15 years to 4.48 per cent or 5 years to 4.8 percent. Historically, the short rate term have been lower.

9. Green Building Trends: needs housing environment is more than a trend, has become the norm. In fact, the green building industry should grow by 60 per cent in 2009. Manufacturers unfamiliar with this type of construction technology will be left account.

10. N mcmansion More: The houses are getting smaller as buyers opt for smaller designs powerful, more economical and energy. They still receive upgrades and high-class tastes granite countertops and whirlpool, but on a smaller scale.

About the Author

Amerivest is a realty company based in southwest Florida, and specializes in Naples FL real estate. To view properties in the Naples Park real estate market, please visit us at NaplesGuru.com.

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