www.buytetonland.com
Timothy S Anderson
Windermere Real Estate Teton Valley
Windermere Prestige Properties Las Vegas Nevada
pH 208 390 0737
email : buy@buytetonland.com
-------------------------------------
Banks Seek Payback from Walkaways
Increasingly aggressive mortgage lenders are seeking to collect deficiencies from former home owners who walked away from their properties or sold them in short sales.
Many states, including Florida, give mortgage holders as long as five years to seek a deficiency judgment. If granted, the bank gets up to 20 years to collect and the option to renew for another 20 years if the debt isn’t paid.
About one-third of U.S. states, including California and Arizona, prohibit collection efforts after foreclosure, but home owners usually waive that protection in a refinance.
Most states allow collection on unpaid home-equity loans.
Banks are most likely to try to collect from people who walk away from a property in which they are still making payments.
“The bank is going to pull your credit report, and if you’re current on your other bills they are going to come after you and potentially ruin you,” says Larry Tolchinsky, a Florida real estate attorney.
Source: Bloomberg, Kathleen M. Howley (01/28/2010)
Friday, January 29, 2010
Real Estate / Foreclosure / Teton Valley Idaho - Jackson Hole Wyoming
www.buytetonland.com
Timothy S Anderson
Windermere Real Estate Teton Valley
Windermere Prestige Properties Las Vegas Nevada
pH 208 390 0737
email : buy@buytetonland.com
-----------------------------------
4 Demographic Trends That Will Affect Housing
A new report from the Urban Land Institute predicts two major changes in the U.S. housing market as we began a new decade.
Home appreciation will slow considerably to about 1 percent to 2 percent annually.
The current U.S. homeownership rate, now at 67 percent (which is down from a record high of 69 percent), will fall further to about 62 percent.
4 Major Demographic Trends
The report also cites four major U.S. demographic trends that will have a major impact on housing.
1. Aging baby boomers (ages 55 to 64 years old): They will keep working, and many will be forced to stay in their suburban homes until values recover. Those who are able to move will choose mixed-age living environments that cater to active lifestyles. Walkable suburban town centers also will appeal to this group.
2. Younger baby boomers (46 to 54 years old): They are now entering their prime earning years but they will lack home equity and unlike the older members of their generation, they won’t be able to purchase second homes. This will likely curb the prospects for the second-home market.
3. Generation Y: They are larger than the baby boom generation (with a population of about 86 million). As they enter the housing market, they are less interested in homeownership than their parents were when they were young adults. “They will be renters by necessity or choice for years ahead,” says John K. McIlwain, author of the report.
4. Immigrants – both legal and illegal: They are nearly 40 million strong. They often prefer multi-generational households and if they can afford them, larger homes in neighborhoods with a strong sense of community.
Source: The Urban Land Institute (01/27/2010)
Timothy S Anderson
Windermere Real Estate Teton Valley
Windermere Prestige Properties Las Vegas Nevada
pH 208 390 0737
email : buy@buytetonland.com
-----------------------------------
4 Demographic Trends That Will Affect Housing
A new report from the Urban Land Institute predicts two major changes in the U.S. housing market as we began a new decade.
Home appreciation will slow considerably to about 1 percent to 2 percent annually.
The current U.S. homeownership rate, now at 67 percent (which is down from a record high of 69 percent), will fall further to about 62 percent.
4 Major Demographic Trends
The report also cites four major U.S. demographic trends that will have a major impact on housing.
1. Aging baby boomers (ages 55 to 64 years old): They will keep working, and many will be forced to stay in their suburban homes until values recover. Those who are able to move will choose mixed-age living environments that cater to active lifestyles. Walkable suburban town centers also will appeal to this group.
2. Younger baby boomers (46 to 54 years old): They are now entering their prime earning years but they will lack home equity and unlike the older members of their generation, they won’t be able to purchase second homes. This will likely curb the prospects for the second-home market.
3. Generation Y: They are larger than the baby boom generation (with a population of about 86 million). As they enter the housing market, they are less interested in homeownership than their parents were when they were young adults. “They will be renters by necessity or choice for years ahead,” says John K. McIlwain, author of the report.
4. Immigrants – both legal and illegal: They are nearly 40 million strong. They often prefer multi-generational households and if they can afford them, larger homes in neighborhoods with a strong sense of community.
Source: The Urban Land Institute (01/27/2010)
Thursday, January 28, 2010
Real Estate / Foreclosure / Teton Valley Idaho - Jackson Hole Wyoming
www.buytetonland.com
Timothy S Anderson
Windermere Real Estate Teton Valley
Windermere Prestige Properties Las Vegas Nevada
pH 208 390 0737
email : buy@buytetonland.com
Just Listed :
10 acres
West side of Teton Valley / Packsaddle road area
Not in subdivision
$ 150 000
Part of the E1/2SE1/4SW1/4 of Section 2, TWP. 5 N., RNG. 44 E., B.M., Teton County, Idaho, Lot 1, ONE TIME ONLY SPLIT
This newly listed Property in Tetonia is very suitable for a small farm. Offered is 10 acres with exceptional views. Neighborhood is quiet and rural with pastoral views of agriculture and livestock grazing. Exceptionally dark night skies for stargazing. The area is part of a prime winter range habitat for big game
Buy this Teton Valley acreage for what you would spend on a small lot in a subdivision.
Call me for details pH 208 390 0737
Tuesday, January 26, 2010
Real Estate / Foreclosure Properties / Teton Valley Idaho - Jackson Hole Wyoming
www.buytetonland.com
Timothy S Anderson
Windermere Real Estate Teton Valley
Windermere Prestige Properties Las Vegas Nevada
pH 208 390 0737
email : buy@buytetonland.com
--------------------------
Public Is Slow to Embrace Green Housing
Nearly 99 percent of American homes are damp, drafty, noisy, and expensive to heat and cool, says Aleisha Khan, executive director of the Building Codes Assistance project, who blames the conditions on reluctance among states to adopt the International Energy Conservation Code.
Kahn says states are legally required to at least consider the IECC, but there is no requirement for adoption. Some states, like Alabama, have completely refused to even bring the code before their legislature. Khan calls the plethora of energy regulations “a mess.”
Currently, the U.S. House of Representatives is considering a climate bill that would require a nationwide energy efficiency code.
What are its chances for passage? Edward Vine, an energy efficiency expert at the California Institute for Energy and the Environment says adoption of strict energy efficiency standard will happen when consumers want it to. "That's where I'd focus most of my energy," he said. "We have to change the mentality of people.”
Source: The Daily Climate, Andrew McGlashen (01/25/2010)
Timothy S Anderson
Windermere Real Estate Teton Valley
Windermere Prestige Properties Las Vegas Nevada
pH 208 390 0737
email : buy@buytetonland.com
--------------------------
Public Is Slow to Embrace Green Housing
Nearly 99 percent of American homes are damp, drafty, noisy, and expensive to heat and cool, says Aleisha Khan, executive director of the Building Codes Assistance project, who blames the conditions on reluctance among states to adopt the International Energy Conservation Code.
Kahn says states are legally required to at least consider the IECC, but there is no requirement for adoption. Some states, like Alabama, have completely refused to even bring the code before their legislature. Khan calls the plethora of energy regulations “a mess.”
Currently, the U.S. House of Representatives is considering a climate bill that would require a nationwide energy efficiency code.
What are its chances for passage? Edward Vine, an energy efficiency expert at the California Institute for Energy and the Environment says adoption of strict energy efficiency standard will happen when consumers want it to. "That's where I'd focus most of my energy," he said. "We have to change the mentality of people.”
Source: The Daily Climate, Andrew McGlashen (01/25/2010)
Saturday, January 23, 2010
Real Estate / Foreclosure / Teton Valley Idaho - Jackson Hole Wyoming
CALL ME FOR CUSTOMIZED FORECLOSURE LIST
pH 208 390 0737
------------------------------
6 Surprising Facts About the Buyer Tax Credit
The homebuyer tax credit is not as simple or straightforward as you might think. Here are some nuances that will affect homebuyers who plan to use it.
To qualify for the move-up tax credit, a home owner must have occupied the same principal residence for five of the last eight years consecutively.
Buyers can elect to claim the credit on either their 2009 or their 2010 tax return, whichever is best for them.
Buyers who claim the credit in 2009 can’t file electronically because the Internal Revenue Service hasn’t put the required forms on line. The wait for a refund is three or four months.
The home can be a mobile home or travel trailer that is fixed to land owned or leased by the home owner. A mobile home or travel trailer that is actually mobile doesn’t qualify.
The home can’t be purchased from a close relative, including a parent, spouse, child, grandparent or grandchild.
A buyer who earns no taxable income or doesn’t owe any federal income tax can qualify for the tax credit and file a tax return just to claim it.
Source: Bankrate.com, Marcie Geffner (01/21/2010)
-----------------------------
Sincerely - your friend and well wisher.
Timothy S Anderson
Silver Peaks Realty Driggs Idaho
Windermere Prestige Properties Las Vegas Nevada
pH 208 390 0737
email : buy@buytetonland.com
www.buytetonland.com
www.buylvland.com
pH 208 390 0737
------------------------------
6 Surprising Facts About the Buyer Tax Credit
The homebuyer tax credit is not as simple or straightforward as you might think. Here are some nuances that will affect homebuyers who plan to use it.
To qualify for the move-up tax credit, a home owner must have occupied the same principal residence for five of the last eight years consecutively.
Buyers can elect to claim the credit on either their 2009 or their 2010 tax return, whichever is best for them.
Buyers who claim the credit in 2009 can’t file electronically because the Internal Revenue Service hasn’t put the required forms on line. The wait for a refund is three or four months.
The home can be a mobile home or travel trailer that is fixed to land owned or leased by the home owner. A mobile home or travel trailer that is actually mobile doesn’t qualify.
The home can’t be purchased from a close relative, including a parent, spouse, child, grandparent or grandchild.
A buyer who earns no taxable income or doesn’t owe any federal income tax can qualify for the tax credit and file a tax return just to claim it.
Source: Bankrate.com, Marcie Geffner (01/21/2010)
-----------------------------
Sincerely - your friend and well wisher.
Timothy S Anderson
Silver Peaks Realty Driggs Idaho
Windermere Prestige Properties Las Vegas Nevada
pH 208 390 0737
email : buy@buytetonland.com
www.buytetonland.com
www.buylvland.com
Real Estate / Foreclosure Teton Valley Idaho - Jackson Hole Wyoming
CALL ME FOR CUSTOMIZED FORECLOSURE LIST
pH 208 390 0737
------------------------------
10 Cities Where It's Smarter to Buy
For people who want to own a home, the premium to buy—the spread between what they’d spend to rent and what they’d pay for a mortgage—is much lower than the 15-year average in many cities.
To determine what cities are smart buys, Forbes magazine computed the premium and also identified locales where economists predict home prices will go up the most over the next five years.
Here are the top 10 cities the magazine chose as the best places to buy right now.
Boston-Cambridge-Quincy, Mass.
Charlotte-Gastonia-Concord, N.C.-S.C.
Chicago-Naperville-Joliet, Ill.-Ind.-Wis.
Cincinnati-Middletown, Ohio-Ky.-Ind.
Denver-Aurora-Broomfield, Colo
Minneapolis-St. Paul-Bloomington, Minn.-Wis.
Philadelphia-Camden-Wilmington, Pa.-N.J.-Del.-Md.
Portland-Vancouver-Beaverton, Ore.-Wash.
San Francisco-Oakland-Fremont, Calif.
Washington-Arlington-Alexandria, D.C.-Va.-Md.-W.V.
Source: Forbes, Francesca Levy (01/21/2010)
-----------------------------
Sincerely - your friend and well wisher.
Timothy S Anderson
Silver Peaks Realty Driggs Idaho
Windermere Prestige Properties Las Vegas Nevada
pH 208 390 0737
email : buy@buytetonland.com
www.buytetonland.com
www.buylvland.com
pH 208 390 0737
------------------------------
10 Cities Where It's Smarter to Buy
For people who want to own a home, the premium to buy—the spread between what they’d spend to rent and what they’d pay for a mortgage—is much lower than the 15-year average in many cities.
To determine what cities are smart buys, Forbes magazine computed the premium and also identified locales where economists predict home prices will go up the most over the next five years.
Here are the top 10 cities the magazine chose as the best places to buy right now.
Boston-Cambridge-Quincy, Mass.
Charlotte-Gastonia-Concord, N.C.-S.C.
Chicago-Naperville-Joliet, Ill.-Ind.-Wis.
Cincinnati-Middletown, Ohio-Ky.-Ind.
Denver-Aurora-Broomfield, Colo
Minneapolis-St. Paul-Bloomington, Minn.-Wis.
Philadelphia-Camden-Wilmington, Pa.-N.J.-Del.-Md.
Portland-Vancouver-Beaverton, Ore.-Wash.
San Francisco-Oakland-Fremont, Calif.
Washington-Arlington-Alexandria, D.C.-Va.-Md.-W.V.
Source: Forbes, Francesca Levy (01/21/2010)
-----------------------------
Sincerely - your friend and well wisher.
Timothy S Anderson
Silver Peaks Realty Driggs Idaho
Windermere Prestige Properties Las Vegas Nevada
pH 208 390 0737
email : buy@buytetonland.com
www.buytetonland.com
www.buylvland.com
Real Estate / Foreclosure / Teton Valley Idaho - Jackson Hole Wyoming
CALL ME FOR CUSTOMIZED FORECLOSURE LIST
pH 208 390 0737
------------------------------
Hello !
Since June 1st , 2009 there have been 47 bank owned foreclosed properties sold in the Mountain Meadows section of Teton Springs.
The inventory is down to three.
The FDIC has released another property to the market - THIS PROPERTY WILL ONLY LAST A MATTER OF DAYS ( see attachment )
These were once million dollar homes :
$ 350K
block 23, lot 11 Teton Springs
3008 sq ft
3 br, 4 bath
Call me for full listing detail
Great investment at Teton Springs Four Seasons Resort.
-----------------------------
Sincerely - your friend and well wisher.
Timothy S Anderson
Silver Peaks Realty Driggs Idaho
Windermere Prestige Properties Las Vegas Nevada
pH 208 390 0737
email : buy@buytetonland.com
www.buytetonland.com
www.buylvland.com
Thursday, January 21, 2010
Real Estate / Foreclosure / Teton Valley Idaho - Jackson Hole Wyoming
CALL ME FOR CUSTOMIZED FORECLOSURE LIST
pH 208 390 0737
------------------------------
Tax Credit Encourages Buyers to Shop Early
The homebuying season is starting early this year, thanks to the expanded first-time and move-up homebuyer tax credit.
Typically, the busiest time for home shopping starts in March and continues through May, but this year buyers who want to take advantage of the tax credits have to have a signed contract by April 30 and close the deal by June 30.
That is getting people off the couch.
"The tax credit will absolutely have an effect," says Pete Flint, CEO of residential real estate search engine Trulia.com. "It is going to shift demand from the later part of the year to the first part. January and February will be very strong. The next three months, there will be a surge in demand."
Source: USA Today, Stephanie Armour (01/20/2010)
-----------------------------
Sincerely - your friend and well wisher.
Timothy S Anderson
Silver Peaks Realty Driggs Idaho
Windermere Prestige Properties Las Vegas Nevada
pH 208 390 0737
email : buy@buytetonland.com
www.buytetonland.com
www.buylvland.com
pH 208 390 0737
------------------------------
Tax Credit Encourages Buyers to Shop Early
The homebuying season is starting early this year, thanks to the expanded first-time and move-up homebuyer tax credit.
Typically, the busiest time for home shopping starts in March and continues through May, but this year buyers who want to take advantage of the tax credits have to have a signed contract by April 30 and close the deal by June 30.
That is getting people off the couch.
"The tax credit will absolutely have an effect," says Pete Flint, CEO of residential real estate search engine Trulia.com. "It is going to shift demand from the later part of the year to the first part. January and February will be very strong. The next three months, there will be a surge in demand."
Source: USA Today, Stephanie Armour (01/20/2010)
-----------------------------
Sincerely - your friend and well wisher.
Timothy S Anderson
Silver Peaks Realty Driggs Idaho
Windermere Prestige Properties Las Vegas Nevada
pH 208 390 0737
email : buy@buytetonland.com
www.buytetonland.com
www.buylvland.com
Wednesday, January 20, 2010
Real Estate / Foreclosure / Teton Valley Idaho - Jackson Hole Wyoming
CALL ME FOR CUSTOMIZED FORECLOSURE LIST
pH 208 390 0737
------------------------------
Builders Remain Worried About Prospects
The National Association of Home Builders monthly index of builder sentiment fell to 15 in January, the lowest since June.
The index reflects builders’ fears that despite an extended and expanded tax credit for home buyers, business will remain bad.
The index is the result of a survey of 504 residential developers nationwide. Readings below 50 are considered negative.
Source: Associated Press (01/19/2010)
-----------------------------
Sincerely - your friend and well wisher.
Timothy S Anderson
Silver Peaks Realty Driggs Idaho
Windermere Prestige Properties Las Vegas Nevada
pH 208 390 0737
email : buy@buytetonland.com
www.buytetonland.com
www.buylvland.com
pH 208 390 0737
------------------------------
Builders Remain Worried About Prospects
The National Association of Home Builders monthly index of builder sentiment fell to 15 in January, the lowest since June.
The index reflects builders’ fears that despite an extended and expanded tax credit for home buyers, business will remain bad.
The index is the result of a survey of 504 residential developers nationwide. Readings below 50 are considered negative.
Source: Associated Press (01/19/2010)
-----------------------------
Sincerely - your friend and well wisher.
Timothy S Anderson
Silver Peaks Realty Driggs Idaho
Windermere Prestige Properties Las Vegas Nevada
pH 208 390 0737
email : buy@buytetonland.com
www.buytetonland.com
www.buylvland.com
Real Estate / Foreclosure / Teton Valley Idaho - Jackson Hole Wyoming
CALL ME FOR CUSTOMIZED FORECLOSURE LIST
pH 208 390 0737
------------------------------
Mortgage Modification Plan Falls Short
Only 65,000 people – about 7 percent of those who applied – have successfully navigated President Obama’s plan to help borrowers who are in trouble, the Treasury Department said last week.
About 49,000, or 5 percent, have dropped out of the program because they don’t qualify. Most of the remainder are still waiting.
Bank of America, the largest company in the program, has completed fewer than 2 percent of the modifications for 200,000 borrowers who signed up. The most successful lenders include Ocwen Financial Corp. and Carrington Mortgage Services, which have modified loans for 40 percent of their enrolled borrowers.
Source: Associated Press, Alan Zibel (01/15/2010)
-----------------------------
Sincerely - your friend and well wisher.
Timothy S Anderson
Silver Peaks Realty Driggs Idaho
Windermere Prestige Properties Las Vegas Nevada
pH 208 390 0737
email : buy@buytetonland.com
www.buytetonland.com
www.buylvland.com
pH 208 390 0737
------------------------------
Mortgage Modification Plan Falls Short
Only 65,000 people – about 7 percent of those who applied – have successfully navigated President Obama’s plan to help borrowers who are in trouble, the Treasury Department said last week.
About 49,000, or 5 percent, have dropped out of the program because they don’t qualify. Most of the remainder are still waiting.
Bank of America, the largest company in the program, has completed fewer than 2 percent of the modifications for 200,000 borrowers who signed up. The most successful lenders include Ocwen Financial Corp. and Carrington Mortgage Services, which have modified loans for 40 percent of their enrolled borrowers.
Source: Associated Press, Alan Zibel (01/15/2010)
-----------------------------
Sincerely - your friend and well wisher.
Timothy S Anderson
Silver Peaks Realty Driggs Idaho
Windermere Prestige Properties Las Vegas Nevada
pH 208 390 0737
email : buy@buytetonland.com
www.buytetonland.com
www.buylvland.com
Monday, January 18, 2010
Real Estate / Foreclosure / Teton Valley Idaho - Jackson Hole Wyoming
CALL ME FOR CUSTOMIZED FORECLOSURE LIST
pH 208 390 0737
------------------------------
Las Vegas Project Extends Anti-Flip Clause
Hoping to add a measure of stability to the market, Las Vegas CityCenter, the bellwether Strip development, is requiring new buyers to hold their units for at least 18 months. In the past, the anti-flip clause called for only a six-month waiting period, CityCenter spokesman Alan Feldman confirmed.
“It’s really good news,” says Las Vegas luxury specialist Aaron Auxier, who bills himself as “Hollywood’s Connection to Vegas.” “The last thing we need right now is for high-rise condominiums to close escrow and have people try to sell them right away.”
The Strip condominium market has been struggling with the rest of Las Vegas, which has been among the markets hardest hit by the downturn. Home prices dropped 40 percent from peak levels, according to recent data.
Earlier this year CityCenter offered a 30 percent discount to buyers who pre-bought at the height of the market.
“The question is how many hard contracts will convert to closed escrows” at CityCenter, Auxier said in an e-mail. “But with a 30 percent discount… and buyers having 20 percent down, you can see how there will some motivation.”
Now that CityCenter is officially open, Auxier believes the Strip market is about to shift. With gaming companies wary to turn over prime property for residential, Strip condos will be a rare commodity in the future, he says.
“Owners of true residential Strip condos should consider themselves the lucky recipients of unique pieces of property,” said Auxier, who made headlines in 2008 when he sold three condos in CityCenter for what was believed to be record prices, between $1,400- and $2,400 a square foot.
As a market, the Strip is removed from the rest of Vegas, Auxier argues. Once the new Strip condominiums are absorbed, he expects demand will once again pump up the Strip.
“As a city, right now, we are on bended knee,” Auxier said. “However, I am confident in our future, as well as the leaders and minds who make this city great. We are built around the premise of ‘anything is possible.’ And just as we have fallen, I'm confident we will get up, and stand stronger because of what we have learned.”
-----------------------------
Sincerely - your friend and well wisher.
Timothy S Anderson
Silver Peaks Realty Driggs Idaho
Windermere Prestige Properties Las Vegas Nevada
pH 208 390 0737
email : buy@buytetonland.com
www.buytetonland.com
www.buylvland.com
pH 208 390 0737
------------------------------
Las Vegas Project Extends Anti-Flip Clause
Hoping to add a measure of stability to the market, Las Vegas CityCenter, the bellwether Strip development, is requiring new buyers to hold their units for at least 18 months. In the past, the anti-flip clause called for only a six-month waiting period, CityCenter spokesman Alan Feldman confirmed.
“It’s really good news,” says Las Vegas luxury specialist Aaron Auxier, who bills himself as “Hollywood’s Connection to Vegas.” “The last thing we need right now is for high-rise condominiums to close escrow and have people try to sell them right away.”
The Strip condominium market has been struggling with the rest of Las Vegas, which has been among the markets hardest hit by the downturn. Home prices dropped 40 percent from peak levels, according to recent data.
Earlier this year CityCenter offered a 30 percent discount to buyers who pre-bought at the height of the market.
“The question is how many hard contracts will convert to closed escrows” at CityCenter, Auxier said in an e-mail. “But with a 30 percent discount… and buyers having 20 percent down, you can see how there will some motivation.”
Now that CityCenter is officially open, Auxier believes the Strip market is about to shift. With gaming companies wary to turn over prime property for residential, Strip condos will be a rare commodity in the future, he says.
“Owners of true residential Strip condos should consider themselves the lucky recipients of unique pieces of property,” said Auxier, who made headlines in 2008 when he sold three condos in CityCenter for what was believed to be record prices, between $1,400- and $2,400 a square foot.
As a market, the Strip is removed from the rest of Vegas, Auxier argues. Once the new Strip condominiums are absorbed, he expects demand will once again pump up the Strip.
“As a city, right now, we are on bended knee,” Auxier said. “However, I am confident in our future, as well as the leaders and minds who make this city great. We are built around the premise of ‘anything is possible.’ And just as we have fallen, I'm confident we will get up, and stand stronger because of what we have learned.”
-----------------------------
Sincerely - your friend and well wisher.
Timothy S Anderson
Silver Peaks Realty Driggs Idaho
Windermere Prestige Properties Las Vegas Nevada
pH 208 390 0737
email : buy@buytetonland.com
www.buytetonland.com
www.buylvland.com
Sunday, January 17, 2010
Real Estate / Foreclosure / Teton Valley Idaho - Jackson Hole Wyoming
CALL ME FOR CUSTOMIZED FORECLOSURE LIST
pH 208 390 0737
------------------------------
Daily Real Estate News
Real Estate Recovery Slow, Fed Says
The economy is improving, but recovery in real estate is slow, the Federal Reserve said Wednesday in its beige book report.
The federal tax credit drove an increase in home sales, the report said. But it emphasized that most of the transactions involved lower-priced homes, while prices remained low and residential construction was weak.
The report also said the commercial real estate market remains soft and that there’s a significant excess supply. It pointed to New York and Kansas City as places where the commercial real estate business is worsening.
Source: The New York Times, Javier C. Hernandez (01/13/2010)
-----------------------------
Sincerely - your friend and well wisher.
Timothy S Anderson
Silver Peaks Realty Driggs Idaho
Windermere Prestige Properties Las Vegas Nevada
pH 208 390 0737
email : buy@buytetonland.com
www.buytetonland.com
www.buylvland.com
pH 208 390 0737
------------------------------
Daily Real Estate News
Real Estate Recovery Slow, Fed Says
The economy is improving, but recovery in real estate is slow, the Federal Reserve said Wednesday in its beige book report.
The federal tax credit drove an increase in home sales, the report said. But it emphasized that most of the transactions involved lower-priced homes, while prices remained low and residential construction was weak.
The report also said the commercial real estate market remains soft and that there’s a significant excess supply. It pointed to New York and Kansas City as places where the commercial real estate business is worsening.
Source: The New York Times, Javier C. Hernandez (01/13/2010)
-----------------------------
Sincerely - your friend and well wisher.
Timothy S Anderson
Silver Peaks Realty Driggs Idaho
Windermere Prestige Properties Las Vegas Nevada
pH 208 390 0737
email : buy@buytetonland.com
www.buytetonland.com
www.buylvland.com
Saturday, January 16, 2010
Real Estate / Foreclosure / Teton Valley Idaho - Jackson Hole Wyoming
CALL ME FOR CUSTOMIZED FORECLOSURE LIST
pH 208 390 0737
------------------------------
Long Recovery Ahead for Commercial
Noted analyst Kenneth Laub told Bloomberg that the current downturn will overshadow recent commercial real estate downturns.
“It won’t be a typical part of a cycle where we’re down for two or three years and things recover,” says Laub, whose New York firm, Kenneth D. Laub & Co., has managed more than $40 billion worth of transactions since 1969. “It will be longer than we’ve gone through before.”
The difference today, Laub says, is the volume of debt financing that pushed up prices dramatically and left property owners struggling to make mortgage payments.
“It’s not a supply-demand thing; it’s an overleveraged condition,” Laub says.
He predicts years of restructuring. “What you’re going to see is a tremendously long workout period unprecedented in commercial real estate in this country,” Laub says. “That’s where we’re going, and it’s just beginning.”
Source: Bloomberg, Beth Williams and Stuart Bern (10/13/2010)
-----------------------------
Sincerely - your friend and well wisher.
Timothy S Anderson
Silver Peaks Realty Driggs Idaho
Windermere Prestige Properties Las Vegas Nevada
pH 208 390 0737
email : buy@buytetonland.com
www.buytetonland.com
www.buylvland.com
pH 208 390 0737
------------------------------
Long Recovery Ahead for Commercial
Noted analyst Kenneth Laub told Bloomberg that the current downturn will overshadow recent commercial real estate downturns.
“It won’t be a typical part of a cycle where we’re down for two or three years and things recover,” says Laub, whose New York firm, Kenneth D. Laub & Co., has managed more than $40 billion worth of transactions since 1969. “It will be longer than we’ve gone through before.”
The difference today, Laub says, is the volume of debt financing that pushed up prices dramatically and left property owners struggling to make mortgage payments.
“It’s not a supply-demand thing; it’s an overleveraged condition,” Laub says.
He predicts years of restructuring. “What you’re going to see is a tremendously long workout period unprecedented in commercial real estate in this country,” Laub says. “That’s where we’re going, and it’s just beginning.”
Source: Bloomberg, Beth Williams and Stuart Bern (10/13/2010)
-----------------------------
Sincerely - your friend and well wisher.
Timothy S Anderson
Silver Peaks Realty Driggs Idaho
Windermere Prestige Properties Las Vegas Nevada
pH 208 390 0737
email : buy@buytetonland.com
www.buytetonland.com
www.buylvland.com
Monday, January 11, 2010
Real Estate / Foreclosure Properties / Teton Valley Idaho - Jackson Hole Wyoming
CALL ME FOR CUSTOMIZED FORECLOSURE LIST
pH 208 390 0737
------------------------------
Expanded Tax Credit Offers Big Opportunity
With a new April 30 deadline in place for clients to take advantage of a federal home-buyer incentive, real estate practitioners now have slightly less than four months to get their qualified prospects under contract before the cut-off date.
In order to maximize this opportunity, it is recommended that real estate pros revamp their marketing materials to reflect changes in the rules — which now allow certain repeat buyers, as well as first-time buyers, to get a tax break.
In addition to promoting home-buying based on today's lower home prices and historically low interest rates, it is also important for the real estate professional to convey to clients that there is no requirement that they sell their current residence at once — or ever.
On top of polishing up their marketing approach, real estate professionals should free up their time so that they are available to spend more time guiding buyers and hosting property showings.
They also must be thoroughly knowledgeable about the supply of properties priced up to $800,000, which is the maximum price for a home to qualify for the tax credit.
Finally, agents must keep all other parties involved in transactions — from lenders to inspectors — on top of things and at the ready because most motivated house-hunters will want to move quickly once they have found their ideal property.
Source: RISMedia, Margaret Kelly (01/08/10)
-----------------------------
Sincerely - your friend and well wisher.
Timothy S Anderson
Silver Peaks Realty Driggs Idaho
Windermere Prestige Properties Las Vegas Nevada
pH 208 390 0737
email : buy@buytetonland.com
www.buytetonland.com
www.buylvland.com
pH 208 390 0737
------------------------------
Expanded Tax Credit Offers Big Opportunity
With a new April 30 deadline in place for clients to take advantage of a federal home-buyer incentive, real estate practitioners now have slightly less than four months to get their qualified prospects under contract before the cut-off date.
In order to maximize this opportunity, it is recommended that real estate pros revamp their marketing materials to reflect changes in the rules — which now allow certain repeat buyers, as well as first-time buyers, to get a tax break.
In addition to promoting home-buying based on today's lower home prices and historically low interest rates, it is also important for the real estate professional to convey to clients that there is no requirement that they sell their current residence at once — or ever.
On top of polishing up their marketing approach, real estate professionals should free up their time so that they are available to spend more time guiding buyers and hosting property showings.
They also must be thoroughly knowledgeable about the supply of properties priced up to $800,000, which is the maximum price for a home to qualify for the tax credit.
Finally, agents must keep all other parties involved in transactions — from lenders to inspectors — on top of things and at the ready because most motivated house-hunters will want to move quickly once they have found their ideal property.
Source: RISMedia, Margaret Kelly (01/08/10)
-----------------------------
Sincerely - your friend and well wisher.
Timothy S Anderson
Silver Peaks Realty Driggs Idaho
Windermere Prestige Properties Las Vegas Nevada
pH 208 390 0737
email : buy@buytetonland.com
www.buytetonland.com
www.buylvland.com
Sunday, January 10, 2010
Real Estate / Foreclosure / Teton Valley Idaho - Jackson Hole Wyoming
CALL ME FOR CUSTOMIZED FORECLOSURE LIST
pH 208 390 0737
------------------------------
CALL NOW FOR TETON SPRINGS RESORT FORECLOSURE PROPERTIES
Real Estate - Ownership Opportunities
Set in a world of self-discovery, Teton Springs has combined unprecedented living enjoyment with the mountain west's most sought after pastimes. Located 20 miles from Jackson Hole, Wyoming, on the "Wydaho" border, it is a home where each day brings the ability to relax and renew your spirit, pause and enjoy your surroundings, and become part of the Teton Valley Experience.
Master Plan
Stroll amid the 780 acres of land, listen to the whisper of the 52 acres of streams and ponds, watch the native wildlife's leisurely routine and discover a community like no other in the West. Discover a wide range of carefully planned and artfully produced home-ownership options, certainly.......something perfectly suited to your lifestyle and adventurous spirit.
-----------------------------
Sincerely - your friend and well wisher.
Timothy S Anderson
Silver Peaks Realty Driggs Idaho
Windermere Prestige Properties Las Vegas Nevada
pH 208 390 0737
email : buy@buytetonland.com
www.buytetonland.com
www.buylvland.com
Thursday, January 7, 2010
Real Esate / Foreclosure Teton Valley Idaho - Jackson Hole Wyoming
CALL ME FOR CUSTOMIZED FORECLOSURE LIST
pH 208 390 0737
------------------------------
Sellers Should List Homes Early
Selling a home in the dead of winter might seem ill-advised, particularly considering the state of the economy, but some experts think that making the decision to wait until spring to list the property could be a mistake.
Government incentives will likely have a big impact in 2010, with many buyers determined to sign a contract before the April 30 tax credit deadline.
“This year, we're anticipating sales will peak earlier,” says Nicole Hall, editor in chief of Lendingtree.com, an online mortgage comparison service. “The best time to get your house on the market will be February or early March, and maybe even earlier if you want to avoid competition.”
Traffic on real estate Web sites begins to rise right after the New Year, says Ken Shuman, spokesman for real estate Web site Trulia.com.
Source: Forbes.com, Francesca Levy (12/24/2009)
-----------------------------
Sincerely - your friend and well wisher.
Timothy S Anderson
Silver Peaks Realty Driggs Idaho
Windermere Prestige Properties Las Vegas Nevada
pH 208 390 0737
email : buy@buytetonland.com
www.buytetonland.com
www.buylvland.com
pH 208 390 0737
------------------------------
Sellers Should List Homes Early
Selling a home in the dead of winter might seem ill-advised, particularly considering the state of the economy, but some experts think that making the decision to wait until spring to list the property could be a mistake.
Government incentives will likely have a big impact in 2010, with many buyers determined to sign a contract before the April 30 tax credit deadline.
“This year, we're anticipating sales will peak earlier,” says Nicole Hall, editor in chief of Lendingtree.com, an online mortgage comparison service. “The best time to get your house on the market will be February or early March, and maybe even earlier if you want to avoid competition.”
Traffic on real estate Web sites begins to rise right after the New Year, says Ken Shuman, spokesman for real estate Web site Trulia.com.
Source: Forbes.com, Francesca Levy (12/24/2009)
-----------------------------
Sincerely - your friend and well wisher.
Timothy S Anderson
Silver Peaks Realty Driggs Idaho
Windermere Prestige Properties Las Vegas Nevada
pH 208 390 0737
email : buy@buytetonland.com
www.buytetonland.com
www.buylvland.com
Tuesday, January 5, 2010
Real Estate Teton Valley Idaho - Jackson Hole Wyoming
CALL ME FOR CUSTOMIZED FORECLOSURE LIST
pH 208 390 0737
------------------------------
Cutting Mortgage Principal Decreases Defaults
Borrowers whose loan modifications reduced their loan balances – not just their interest rates – are most likely to avoid re-defaulting on their mortgages, according to a new study by the Federal Reserve Bank of New York.
These findings contradict the government’s recommendation, which focuses on reducing monthly payments by lowering interest rates and extending the loan terms.
The New York Fed concludes that a borrower’s probability of defaulting within one year when interest rates are lowered is reduced by 11 percent. But when the loan balance is reduced by 25 percent and the interest stays the same or is reduced slightly, the borrower’s probability of default within one year is reduced by 26.5 percent.
The New York Fed also found that borrowers who owe 15 percent or more than their homes’ values have a 51 percent greater risk of defaulting in any given month.
Source: The Wall Street Journal, Nick Timiraos (01/04/2010)
-----------------------------
Sincerely - your friend and well wisher.
Timothy S Anderson
Silver Peaks Realty Driggs Idaho
Windermere Prestige Properties Las Vegas Nevada
pH 208 390 0737
email : buy@buytetonland.com
www.buytetonland.com
www.buylvland.com
pH 208 390 0737
------------------------------
Cutting Mortgage Principal Decreases Defaults
Borrowers whose loan modifications reduced their loan balances – not just their interest rates – are most likely to avoid re-defaulting on their mortgages, according to a new study by the Federal Reserve Bank of New York.
These findings contradict the government’s recommendation, which focuses on reducing monthly payments by lowering interest rates and extending the loan terms.
The New York Fed concludes that a borrower’s probability of defaulting within one year when interest rates are lowered is reduced by 11 percent. But when the loan balance is reduced by 25 percent and the interest stays the same or is reduced slightly, the borrower’s probability of default within one year is reduced by 26.5 percent.
The New York Fed also found that borrowers who owe 15 percent or more than their homes’ values have a 51 percent greater risk of defaulting in any given month.
Source: The Wall Street Journal, Nick Timiraos (01/04/2010)
-----------------------------
Sincerely - your friend and well wisher.
Timothy S Anderson
Silver Peaks Realty Driggs Idaho
Windermere Prestige Properties Las Vegas Nevada
pH 208 390 0737
email : buy@buytetonland.com
www.buytetonland.com
www.buylvland.com
Subscribe to:
Posts (Atom)
