Accidental Landlords Could Boost Inventories

While many formerly underwater homeowners are just now getting their first shot at taking advantage of record affordability, others who opted to rent their properties will now be able to sell them, releasing much needed inventory to the market.

http://economistsoutlook.blogs.realtor.org/2013/05/28/accidental-landlords-could-boost-inventories/

2013 Profile of Buyers' Home Features Preferences

Interesting...this is what the typical home sold last year looked like. More information and details can be found in the 2013 Profile of Buyers' Home Features Preferences: 

http://www.realtor.org/reports/home-feature-preferences

Housing Trends eNewsletter- Lisa Aguilera

Housing Trends eNewsletter- Lisa Aguilera

Housing Bubble Loan Makes A Comeback, With A Twist

"Margin lending" is a type of lending where a financial institution lets a consumer borrow for purposes of investing it. According to CNN.com, a housing bubble era loan is making a comeback thanks to consumers using this kind of cash out financing to invest in stocks.

http://finance.fortune.cnn.com/2013/05/29/margin-loans-comeback/?iid=HP_River

Thank you to Keller Williams and all of it's 75,000+ associates for "Giving Where We Live". It's phenomenal to see so many people supporting their communities and helping them thrive!

RED Day 2012 Recap!

 

http://www.kw.com/kw/redday.html RED Day (Renew, Energize and Donate) is an initiative dedicated to celebrating Keller Williams Realty's year-round commitment to improving our local communities. Each year, on the second Thursday in May, tens of thousands of associates from across the United States and Canada participate in a wide range of projects, devoting their time to renewing and energizing aspects of the neighborhoods in which they serve.

Keller Williams Tracy Helps Foster Children! - Aguilera Real Estate

Keller Williams Tracy with the help of many wonderful people in the community donated 50 filled bins to Case For Kids Tracy, http://www.caseforkidstracy.org/ ... a local non-profit whose goal is to improve a foster child's self esteem by replacing garbage bags as their form of luggage with a personalized bin filled with necessities as they relocate from foster care agencies and shelters into temporary housing. It was an incredible experience to meet some of the wonderful kids receiving the bins!

Real Estate Definitions Every Home Seller Should Know

Real Estate Definitions Every Home Seller Should Know. Stay on top of your #RealEstate vocab with this glossary! 10 minutes now could make all the difference later.

http://realestate.aol.com/blog/2010/09/14/terms-every-seller-should-know?ncid=edlinkusreal00000001&ts=1369171447

Top 10 Biggest Home Price Spikes Across the U.S.

According to Trulia’s Chief Economist, Jed Kolko, “Home prices today are rising nearly as fast as they did during the peak bubble years of 2005-2006. Since that bubble helped push us into the Great Recession, we should all be on high alert for the next housing bubble.”

#	U.S. Metro	Y-o-Y% change in prices
1	Las Vegas, NV	28.5%
2	Oakland, CA	26.3%
3	Sacramento, CA	25.6%
4	Phoenix, AZ	23.3%
5	San Jose, CA	22.9%
6	Bakersfield, CA	19.0%
7	Orange County, CA	18.6%
8	San Francisco, CA	18.1%
9	Riverside-San Bernardino, CA	18.1%
10	Warren-Troy-Farmington Hills, MI	18.0%

Economic Impact of a House Sale, State by State

Source: TheKCMBlog.com

Financial Perks of Homeownership

When A High Bid Isn’t Enough

Source: The New York Times

In a housing market starved for inventory, buyers are stepping over one another to bid on desirable properties. But a high bid may not be enough – sellers also are seeking offers without mortgage contingencies.

Read the full story:
http://www.nytimes.com/2013/05/12/realestate/sellers-seek-offers-without-mortgage-contingencies.html?ref=realestate

Why There’s No Home-Price Bubble

Source: The Wall Street Journal

Home prices in many parts of the country are rising today at the same rate that they did during the bubble years of 2003, 2004, and 2005. But an analysis by real estate website Trulia found that, when compared with traditional price drivers such as rents and incomes, home prices are undervalued on a national basis by around 7 percent, compared with being 39 percent overvalued in early 2006.

Read the full story

Are Mortgage Modification Terms Worth Continuing Payments?

Source: Los Angeles Times

A high percentage of homeowners who take part in the Home Affordable Modification Program are unable to maintain their loan mods, data from the Treasury Dept.’s Trouble Asset Relief Program shows.
Read the full story:

http://www.latimes.com/business/realestate/la-fi-lew-20130512,0,7989633.story

May's This Month in Real Estate - More Money, Sell Faster

Video: This Month in Real Estate May 2013 (US) - Ways to Sell Your Home Faster For More Money

Can You Short Sale a Secondary Home?

Do you have an investment, rental or vacation property that you’d like to short sale? If you’d like to short sale because your secondary home isn’t providing sufficient income to cover costs, you MAY be able to short sale. Your lender will determine whether to accept less than the home is worth, and you’ll be losing some benefits that are only available to owners selling their primary residence. A few key points below:

• No relocation assistance from bank
• No HAFA (no protection against foreclosure during short sale negotiation)
• May need to bring cash to closing
• May need to negotiate with secondary lien holders yourself
• Most likely will owe tax on portion of debt forgiven
• Debt forgiveness unlikely

Contact an experienced short sale agent with The Aguilera Team to help you negotiate selling your secondary home.

Stay up to date with your real estate market. Find great tips and housing market trends on our blog. Or Follow Us on Pinterest, Twitter, or Facebook. Visit our web site for more information. We can SELL a home ANYWHERE in the U.S.!

http://www.tracyrealestatetoday.com

Lisa Aguilera, The Aguilera Real Estate Team

4 Reasons Your Home Isn't Selling

There are exceptions to every rule under the sun.  So, even though the current market climate is hot in most places, every neighborhood, town and county has those homes that simply sit on the market for days, weeks, even months longer than average.

Read More: http://www.trulia.com/blog/taranelson/2013/05/4_reasons_your_home_isn_t_selling?ecampaign=cnews201305B

Stay up to date with your real estate market. Find great tips and housing market trends on our blog. Or Follow Us on Pinterest, Twitter, or Facebook. Visit our web site for more information. We can SELL a home ANYWHERE in the U.S.!

http://www.tracyrealestatetoday.com

Lisa Aguilera, The Aguilera Real Estate Team