This blog is dedicated to getting important information into real estate professionals’ hands in a timely matter. However, today, I want to take a step back and reflect on our mission. We are responsible for rejuvenating a housing industry that has been decimated by a litany of bad decisions over the last few years. The […]
**UPDATE** The slideshow for Steve’s NAR presentation can be found by clicking this link: http://steveharneyblog.com/2009/11/30/steve-harney-nar-presentation/ -The KCM Crew [Now back to your regularly scheduled post…] More observations from the NAR Conference: Quotes: “You are creating your digital legacy.” Eric Bryn speaking about creating your online brand. “The true measure of success in the speaking industry […]
**UPDATE** The slideshow for Steve’s NAR presentation can be found by clicking this link: http://steveharneyblog.com/2009/11/30/steve-harney-nar-presentation/ -The KCM Crew [Now back to your regularly scheduled post…] The NAR conference was packed with some great opportunities. Between classes I attended, classes where I was the speaker and business breakfasts, lunches and dinners, I was running ALL DAY!! […]
**UPDATE** The slideshow for Steve’s NAR presentation can be found by clicking this link: http://steveharneyblog.com/2009/11/30/steve-harney-nar-presentation/ -The KCM Crew [Now back to your regularly scheduled post…] Well, I’m in San Diego at the NAR Conference and EXPO. Had the opportunity to sit and talk with some power players who were willing to discuss some controversial issues […]
**UPDATE** The slideshow for Steve’s NAR presentation can be found by clicking this link: http://steveharneyblog.com/2009/11/30/steve-harney-nar-presentation/ -The KCM Crew [Now back to your regularly scheduled post…] For today, I am reposting the 3 most popular posts of the last 30 days. ‘7 Step Action Plan’ for tax credit extension and expansion over 2,000 agents used this […]
All Keeping Current Members: the November Issue is online with great presentation materials (info, graphs and quotes). We cover how to maximize the Tax Credit Extension and Expansion along with giving you great info on why and how the Short Sale process is rapidly changing – for the better. Login in and access it today!
Supply and Demand What will happen in the real estate market over the next six months? I believe the quote below does a great job of explaining it. From the Zillow News Release Issued: November 9, 2009: “The next several months will be critical to the housing market. Previously, we’d been expecting to see increasing […]
High End Foreclosures Starting to Mount From an article on SF GATE: In upscale communities such as Los Altos, Greenbrae and Alamo, where median prices top $1 million, about twice as many households received default notices from January to September as in the same period in 2008, according to recorders’ office data compiled by MDA […]
What is the definition of ‘Accumulation’ rate? ‘Accumulation’ rate talks to the point of future inventory coming to the market. An example of this is Zillow ‘s recent report suggesting an additional 7 million homeowners are ‘very likely’ to put their homes up for sale if they see the market getting better. Another example is […]
Step #1 – Contact anyone who might have given up. Originally, there was a lot of speculation that there would be no extension granted. That caused some buyers to stop looking (especially in regions where closings take longer). We must immediately reconnect with this group. Step #2 – Contact anyone in the higher income levels […]
Why are we working so hard? “It is estimated that 10% of all the homeless in this country are the direct result of a foreclosure.” – The Wall Street Journal “While current national data are not available, the number of schoolchildren in homeless families appears to have risen by 75 percent to 100 percent in […]
For the last few months, I have been discussing that more and more homeowners are actually ‘strategically’ defaulting on their mortgages. By that I mean that some homeowners that have the financilal capability to pay mortgage have just decided not to. Northwestern University teamed up with the University of Chicago to study this situation. They […]
Below, are the five most viewed blog posts last month. Hope they help. When will prices again approach the 2005-2006 peak? 10 Steps to Being A Great Agent ‘7 Step Action Plan’ for tax credit Why ‘Short Sales’ are about to become so much easier How to Grade Your Listing
Pricing Though sales are strong and it seems as though the tax credit will be extended AND expanded, we must realize that pricing is still crucial. Two points on the subject: From The Wall Street Journal: By slowing mortgage foreclosures and giving a first-time home buyer tax credit, the U.S. government has driven up home […]
Pending Sales Up Again!! Pending home sales rose for the eight consecutive monthly – the longest streak since measurement began in 2001, according to the National Association of REALTORS®. The Pending Home Sales Index,* a forward-looking indicator based on contracts signed in September, rose 6.1 percent to 110.1 from a reading of 103.8 in August, […]
7 Step Action Plan for Tax Credit Extension Step #1 – Contact anyone who might have given up. Originally, there was a lot of speculation that there would be no extension granted. That caused some buyers to stop looking (especially in regions where closings take longer). We must immediately reconnect with this group. Step #2 […]
Updated 11/4 1PM It’s DONE From U.S. News and World Report The deadline for first-time home buyers to claim the $8,000 credit would be pushed back to April 30, 2010. But the term “deadline” doesn’t mean the same thing as it does in the current credit. The Senate agreement stipulates that buyers must have a […]
Determing Price in this Market As a Realtor in today’s new economy, your role has changed dramatically from decades’ past. As recent as just a few years ago, most people viewed Realtors as information providers. Today, any person with an Internet connection can access the majority of the information they need to know about the […]
Where are interest rates headed? Let’s take a look at mortgage rates and where they may be headed. Currently, mortgage rates are being held down by the federal government’s desire to help stimulate the housing market, therefore stimulating the economy. The government has, for over a year now, been very active in the purchase of […]
Can a Strong Leader Really Make a Difference? In times like these, the actual power of leadership is sometimes doubted. Can strong leadership really master the challenges everyone else is still battling? Can a strong leader actually navigate an organization through the obstacles that are paralyzing others? Are there some leaders that are so good […]
Existing Home Sales Skyrocket – What does that mean to your business? First, I want to congratulate all the real estate professionals out there who helped make this happen. (Didn’t have a sale last month? Don’t despair – this will be your month!!). However, as I always say, let’s look behind the headline for the […]
“There is a bank called the ‘favor bank’. It works just like other banks. Always make sure you have a balance in case you need to make an emergency withdrawal.” – Richard Harney (Steve’s Dad) In the current market, it is sometimes easy to forget to consider the needs of the other person. We may […]
This month’s Quick Report is now available here. Each month we put together the top news stories of the month in a newsletter. We also include: Tips for your buyers and sellers The 5 best things an agent can do in the next thirty days Mortgage news and more! If you would like the free […]
