Monthly Archives: November 2012

Washington DC Market Remained Strong in October

Office and apartment vacancy rates in the Washington, DC, area are both lower than national averages, Washington Business Journal reported. Nationwide, the office vacancy rate for the final quarter of 2012 is 15.7 percent, according to the National Association of Realtors, the Business Journal reported: The office vacancy rate in the District is 9.4 percent…. Read more »

New LGBT Real Estate Agent Association Formed in Los Angeles

On Tuesday, November 8, 2012 P.R.E.P.A. the Pride Real Estate Professionals Association hosted a launch party/mixer at The Capital Grille for a new LGBT Real Estate Professional Association. There, they established PREPA as a non-profit organization of real estate professionals committed to: Supporting LGBT real estate professionals and their career development Fostering goodwill among the… Read more »

Featured Gay Friendly Realtor: Cara McGuire, Glendale, Arizona

Periodically we’ll feature one of our real estate professionals here to let our readers know about some great Realtors, Mortgage Brokers, and Other Real Estate Professionals. REALTOR since 2001. Cara works hard to give her clients top-notch service. She specializes in Central Phoenix, but serves the entire valley especially the west side cities of Glendale,… Read more »

When Will Housing Prices Rebound?

For those of you homeowners looking into selling a home, the first question to ask yourself is when will home prices bounce back? – If it ever truly can. Depending on whom you ask, some say it never will, but we don’t believe that to be the case. Everyone has their own opinions on when… Read more »

Sellers’ Market Returns to Tampa Bay

A few years ago sellers were desperate here and in many other formerly hot markets. Eighteen to twenty month supplies of homes were common. No more. The current supply of single family homes is down to fewer than four months. In parts of the Bay it is down to a mere three and a half… Read more »

Berlin Opens New LGBT Housing Community

LGBT assisted-living facilities have been cropping up in cities around the world, but Berlin is host to what might be the world’s first multi-generational queer housing project. Located in the western neighborhood of Charlottenburg, the 25-room Lebensort Vielfalt (Diverse Living Space) is open to all ages, but 60% of residences have been set aside for… Read more »

Great Time to Buy Real Estate?

It continues to be a buyer’s real estate market in San Diego and a great time to buy property. Whether you are a first time home buyer or an experienced investor, housing prices are still significantly down from five years ago and mortgage interest rates are still at an all-time low. Historically, real estate has… Read more »

Featured Gay Friendly Realtor: Mark Watson, Charlotte, North Carolina

Periodically we’ll feature one of our real estate professionals here to let our readers know about some great Realtors, Mortgage Brokers, and Other Real Estate Professionals. I’m a native North Carolinian from the Appalachian Mountains. I have a great appreciation for our States rich Southern heritage. I try to instill a little bit of that… Read more »

Minneapolis Home Prices Up 8% in October

Minnesota home sales rose 8 percent in October, thanks to record-low mortgage rates and strengthening consumer confidence. But a monthly report from the Minnesota Association of Realtors says the gains were not felt evenly across the state. Minnesota reported 7,662 closings in October, an 8 percent increase from last year. The median price of those… Read more »

St. Louis Foreclosure Rates Dropping

There is good news on the local housing market. The latest numbers show foreclosures are falling in St. Louis. Real estate tracker Core Logic released its latest report on Tuesday. It found the September foreclosure rate in the city was just under 1.5 percent. That’s down more than a quarter of a percent from last… Read more »

Featured Gay Friendly Realtor: Georgia Gantt, Asheville, North Carolina

Periodically we’ll feature one of our real estate professionals here to let our readers know about some great Realtors, Mortgage Brokers, and Other Real Estate Professionals. Georgia has lived in the Asheville area for over 43 years and knows the Asheville real estate market inside and out. She has an extensive background in sales and… Read more »

Maui Home Sales At Five Year High, Prices Up

October 2012 residential home sales rose to a 5-year high of 98 homes sold, a 33% increase over one year ago, according to new statistics released by the Realtors Association of Maui. The median home price rose to $487,000 from $437,500 one month ago, and $482,500 one year ago. The condominium median price increased to… Read more »

Arizona’s Economy, Real Estate Market Improving

The Arizona economy is in recovery mode, with home prices on the rise and construction activity moving higher. Real GDP should grow at an above-average 2.5 percent this year, and hold that momentum into 2013 as the housing recovery strengthened according to the State Monitor Report by BMO Capital Markets Economics. There is increasing evidence… Read more »

Tucson Home Sales Up, Prices Down in October

The average sale price for homes in Tucson dropped in October to $175,850. The average sale price in September was $182,041. But sales of homes increased more than 14 percent in that same period, monthly statistics from the Tucson Association of Realtors Multiple Listing Service show. At Gay Realty Watch, we look for news to… Read more »

Phoenix Real Estate Market is Hot

Just like its summertime temperatures, the housing market in Phoenix is extremely hot right now! In fact, Phoenix was the best-performing metro in the country in September, with prices showing an increase of 35% when compared to the same month in 2011. And, it’s not just in one part of town either! According to the… Read more »

San Diego Home Sales and Prices Up in October

The number of homes sold in San Diego County jumped by 31.3 percent in October, compared to the same month a year ago, while prices rose by 11.1 percent, a real estate information service has announced. A total of 3,622 homes changed hands in San Diego County last month, compared to 2,759 in October 2011,… Read more »

Baltimore Home Prices, Sales Up in October

Baltimore-area home sales and prices increased in October, signaling strength in the local market. During the month, 1,967 homes sold in the region, according to data released Monday by Rockville market research firm Metropolitan Regional Information Systems. That’s a 22 percent increase over October 2011, when 1,611 homes sold. Townhome sales increased 23 percent year-over-year… Read more »

Featured Gay Friendly Realtor: Michael Gallacher, Boynton Beach, Florida

Periodically we’ll feature one of our real estate professionals here to let our readers know about some great Realtors, Mortgage Brokers, and Other Real Estate Professionals. Michael is a Boynton Beach realtor who works in the Palm Beach County real estate market. His main focus is the residential market – single family homes, condominiums, and… Read more »

Nashville Home Sales Up 33% in October

Nashville-area home sales increased by 33.8 percent in October compared to a year ago, according to a new sales report from the Greater Nashville Association of Realtors. According to the report, 2,312 homes were sold in the area last month, up from 1,728 a year ago. Year-to-date home sales are up 26 percent. “Home sales… Read more »

North Carolina Real Estate – Watch Out for Zombies

The aftermath of the “Great Recession” has left the North Carolina countryside strewn with half-finished single-family home subdivisions, condominium and townhouse communities, and commercial developments that are striving to emerge from the legal and financial problems left behind by often well-meaning developers who simply ran out of capital. In the waning days of several projects,… Read more »

Philadelphia Real Estate Has Best Quarter in Two years

The Philadelphia-area housing market continued to gain strength as the number of houses sold increased and the number of days a residential property lingered on the market before selling declined during the first nine months of the year, according to a report by Prudential Fox & Roach. Sales throughout the region reached their highest rates… Read more »

Costa Rica Called Best Place to Buy Real Estate in 2013

Costa Rica has been ranked as the best country for real estate investments in 2013, according to the International Real Estate Investments Magazine. Sarah Roberts, an executive with International Real Estate Investments Magazine stated that the northern hemisphere of the world has become a global liability. “We all know that there is constant duress with… Read more »

Looking for an Apartment in Paris

Why is something as simple as finding a place to sleep at night so difficult in a modern Paris? Why are the apartment prices so high? Why are the districts so segregated? And why did the Socialist government allow capitalism to have gotten so out of hand? I’ve spent most of my adult life in… Read more »

Featured Gay Friendly Realtor: Wesley Gleason, San Miguel de Allende, Guanajuato, Mexico

Periodically we’ll feature one of our real estate professionals here to let our readers know about some great Realtors, Mortgage Brokers, and Other Real Estate Professionals. Wesley knows San Miguel inside and out, and would love to assist you in purchasing property here. He spent his first summer here when he was ten, and has… Read more »

Canadian Home Prices Dipped in October

Canadian home prices dipped in October from September and year-over-year price gains slowed for the 11th straight month in yet another sign Canada’s hot housing market has cooled, the Teranet-National Bank Composite House Price Index showed on Wednesday. The index, which measures price changes for repeat sales of single-family homes, showed overall prices fell 0.2… Read more »

Atlanta Home Sales Up, Prices Spike in October

The region’s home sales ticked up slightly in October in a somewhat encouraging sign for Atlanta’s residential real estate market, a report released Wednesday showed. Sales in October were up about 4 percent compared with the same month a year ago, according to the Atlanta Board of Realtors. It also found the median price of… Read more »

Alabama Home Price Appreciation Among Lowest in US

There are definitely some bright spots for home prices in Birmingham real estate, but those hot neighborhoods seem to be the exception to the rule in Alabama. Alabama home prices, not counting distressed sales, dropped faster than any other state in September, a new report says. The prices of homes throughout the state with mortgages… Read more »

Featured Gay Friendly Realtor: Travis Callstrom, Minneapolis, Minnesota

Periodically we’ll feature one of our real estate professionals here to let our readers know about some great Realtors, Mortgage Brokers, and Other Real Estate Professionals. Originally from a small town in western Wisconsin his relocation to the Twin Cities began with a teaching opportunity with a high school marketing program. Travis began his now… Read more »

Florida’s Real Estate Market Continued to Improve in October

Pending sales, closed sales and median prices rose, while the inventory of homes and condos for sale dropped in Florida’s housing market in October, according to the latest housing data released by Florida Realtors(R). “With Thanksgiving just around the corner, we have a lot to be thankful for here in Florida,” said 2012 Florida Realtors… Read more »

Featured Gay Friendly Realtor: Andy Kogan, Kansas City, Missouri

Periodically we’ll feature one of our real estate professionals here to let our readers know about some great Realtors, Mortgage Brokers, and Other Real Estate Professionals. Andy is a Realtor with Weichert(R), Realtor’s, Sharon Sigman Five Star. He is a Kansas City native, and is very experienced working with clients and assessing their wants and… Read more »

Dallas-Fort Worth Home Sales Up 29% in October

North Texas home sales soared by 29 percent in October as buyers rushed to take advantage of low financing costs. Last month saw the biggest year-over-year increase in pre-owned single-family home sales in the area in more than three years, according to data released Thursday by the Real Estate Center at Texas A&M University. “The… Read more »

Seattle Real Estate Prices Surged in 2012

Prices for Seattle real estate have risen significantly in the past year, according to the most recent stats from the NWMLS. Shrinking inventories of homes for sale have contributed to significant demand and an increasingly competitive buyer’s market in the greater Seattle region. Northwest MLS home sales, which cover the Puget Sound region, are outpacing… Read more »

Las Vegas Home Prices Leveling Off, Sales Increasing

After eight straight months of rising local home prices, statistics released today by the Greater Las Vegas Association of REALTORS(R) (GLVAR) show existing home sales increasing and home prices beginning to level off. GLVAR President Kolleen Kelley, a longtime local REALTOR(R), said she it was only a matter of time before the eight-month run of… Read more »

Featured Gay Friendly Realtor: Bonnie Roseman, Portland, Oregon

Periodically we’ll feature one of our real estate professionals here to let our readers know about some great Realtors, Mortgage Brokers, and Other Real Estate Professionals. For over two decades I have worked with home buyers and sellers in the vibrant, close-in neighborhoods of Portland, Oregon — and I still love it! Wearing many hats,… Read more »

Kauai Home Sales Up, Prices Down in October

Home sales on Kauai increased in October, but prices fell for both single-family homes and condominiums, according to statistics from Hawaii Information Service. There were 38 single-family houses sold on Kauai last month, which was 11 more, or 41 percent, than the 27 homes that sold during the same month last year. Year-to-date sales are… Read more »

Northwest Arkansas Home Sales Strong in October

Local real estate agents possibly put 17.13% more money in their pockets in October, thanks to active buyers and higher home prices from the same month in 2011. Agents across Benton and Washington counties sold 470 homes in October with a value of $84.44 million, compared to $69.973 million for 420 sales in the year-over-year… Read more »

Texas Housing Recovery Likely to Continue

In the third quarter of 2012, the Texas real estate market saw increases in sales volume and prices for single-family homes, marking the fifth consecutive quarter of improved results and a turning point in the sustainability of demand for Texas real estate. According to the 2012-Q3 edition of the Texas Quarterly Housing Report, issued today… Read more »

Featured Gay Friendly Realtor: Brian Elder, Toronto, Ontario, Canada

Periodically we’ll feature one of our real estate professionals here to let our readers know about some great Realtors, Mortgage Brokers, and Other Real Estate Professionals. Brian has been successfully assisting clients buy and sell homes within the many unique and exciting neighbourhoods of Toronto since 1991. With his team approach, Brian and his team’s… Read more »

Houston Home Prices Increasing Steadily

While many U.S. cities that saw hard times during the housing crisis are gaining momentum this year, Houston-area home prices continue to go strong, according to residential property data provider CoreLogic (NYSE: CLGX). The Houston-Baytown-Sugar Land area saw a 6.6 percent increase in single-family home prices in September compared to the same month in 2011,… Read more »

Austin Home Sales Down in October From 2011

Austin single-family home sales dropped 23 percent in October compared to a year earlier, but they’re still up 4.2 percent year-to-date. For October, there were 30 home sales, down from 39 last year, according to newly released statistics from the Southeast Minnesota Association of Realtors. Year-to-date there were 323 sales, up from 310 in the… Read more »

Should You Rent or Buy?

Last week’s business column in the Blade discussed the developing status of Washington as a hip place to live, and certainly the increasing number of young people between 25-35 moving here would seem to support that. One decision faced by these newcomers (and not-so-newcomers) is whether to rent or buy a place to live. Initially… Read more »

New Mexico Home Prices Up in September

New Mexico home prices increased 3.2 percent in September — compared to a year earlier — in a sign of momentum that has been seen in the residential market across much of the U.S. The numbers come from a Nov. 6 report from real estate data provider CoreLogic (NYSE: CLGX). According to a report in… Read more »

Featured Gay Friendly Realtor: Jeff Escher, Rockville, Maryland

Periodically we’ll feature one of our real estate professionals here to let our readers know about some great Realtors, Mortgage Brokers, and Other Real Estate Professionals. Jeff Escher is a full-time Realtor who specializes in working with first-time homebuyers and move-up sellers in Montgomery County and NW DC. But no matter your level of experience… Read more »

Taos Real Estate Market Improving Slowly

Real estate numbers slipped slightly in September, but the overall indication this year is that sales in Taos are improving. According to data compiled by Taos broker Peter Lora, the number of year-to-date sales of single family homes through the end of September was 33 percent higher than in 2011, from 168 to 224. Dollar… Read more »

North Dakota: Real Estate Boomtown to Rise in State

North Dakota, an epicenter of the nation’s oil rush, is grappling with a scramble reminiscent of the most-heated periods of the housing boom. Now, private-equity firm KKR is trying to capitalize by making a multimillion-dollar bet on a housing project in a town at the heart of it all. KKR is expected to announce Wednesday… Read more »

We are excited to introduce our NEW Elk Grove Location as of January 1st, 2013. 8829 Sheldon Road Suite 120, Elk Grove, CA 95824 Brodie Stephens- Broker/ Owner www.BrodieStephens.com (916) 878-8981  

Holiday Cleaning: Tips for a Guest-Ready Home

How deep do you go when cleaning for holiday guests? There are some who take it to the extreme — but you can have a clean home without going overboard. If you think wiping down countertops and fluffing a few pillows in advance of the guest onslaught will land you on Santa’s “nice” list this… Read more »

Featured Gay Friendly Realtor: Tim Singer, Fort Lauderdale, Florida

Periodically we’ll feature one of our real estate professionals here to let our readers know about some great Realtors, Mortgage Brokers, and Other Real Estate Professionals. Tim is a Fort Lauderdale area realtor with a staff of full-time Ft. Lauderdale real estate professionals, and is very involved in Ft. Lauderdale’s gay and lesbian community. Tim… Read more »

Albuquerque Existing Home Sales Dipped in September

Sales of previously occupied homes dropped in September across the country and in New Mexico after national numbers hit a two-year high in August. Closed sales in the Albuquerque metro area fell almost 11 percent from 731 in August to 653 in September, according to data from the Greater Albuquerque Association of Realtors. The median… Read more »

California’s Median Home Price at Highest Level in Four Years

The median price of a California home reached its highest level in more than four years in September, the California Association of Realtors reports. But while prices rose, a continued shortage of homes on the market lowered sales. “Low inventory – especially in distressed areas – is dampening sales activity,” association President LeFrancis Arnold said…. Read more »

San Francisco: 36% Drop in Foreclosures Year Over Year

The San Francisco housing market continues to recover, and in more ways than one. New research shows that foreclosure activity has dropped significantly across the Bay Area. This will support home prices and increase market stability going forward. The Federal Reserve recently published a positive outlook for the San Francisco metropolitan-area housing market. Among other… Read more »

Featured Gay Friendly Realtor: Corey Eubanks, Vancouver, Washington

Periodically we’ll feature one of our real estate professionals here to let our readers know about some great Realtors, Mortgage Brokers, and Other Real Estate Professionals. I’m Corey Eubanks, and I’d like to be your painfully honest Realtor. I work in the Vancouver, Washington region, just north of Portland, oregon – I’m licensed and working… Read more »

Salt Lake City Home Prices Up 11% in Third Quarter

Home prices in Salt Lake County showed double-digit gains in this year’s third quarter, according to the Salt Lake Board of Realtors. For the July-August-September period, the median single-family home price in Salt Lake County increased to $218,000, up 11 percent compared to a median price of $197,000 in the third quarter 2011. The third… Read more »

Mississippi Home Prices Dropped in September

The average sales price of a home in South Mississippi fell in September after five months of increases. After August’s average sales price reached $131,287, the highest since September 2010, September gave back $7,000 of that gain. September’s average sales price was $124,026 compared with $111,738 a year ago. The Mississippi Gulf Coast Multiple Listing… Read more »

A New Real Estate Bubble in the Cornbelt?

Howard Audsley has been driving through Missouri for the past 30 years to assess the value of farmland. Barreling down the flat roads of Saline County on a recent day, he stopped his truck at a 160-acre tract of newly tilled black land. The land sold in February for $10,700 per acre, double what it… Read more »

Words to live by

10 Rules that a Gentleman Abides by.. 1. A gentleman says “please” and “thank you,” readily and often. 2. A gentleman does not disparage the beliefs of others-whether they relate to matters of faith, politics, or sports teams. 3. A gentleman always carries a handkerchief, and is ready to lend it, especially to a weeping… Read more »

Featured Gay Friendly Realtor: Toni Powell, Express Movers Inc, Seattle, Washington

Periodically we’ll feature one of our real estate professionals here to let our readers know about some great Realtors, Mortgage Brokers, and Other Real Estate Professionals. Proud Member: GBSA-Greater Seattle Business Association Seattle Chamber of Commerce BBB-accredited; A+ AMSA-American Moving and Storage Association Washington Mover’s Conference Washington Trucker’s Association Seattle is a city that makes… Read more »

Indiana Home Sales Up 13.1% in Third Quarter Over 2011

Housing data released today for September 2012 shows an increase in closed and pending sales in central Indiana, according to a jointly released report of the Metropolitan Indianapolis Board of REALTORS and the Indiana Association of REALTORS. The number of closed sales in central Indiana increased by 13.1 percent in the three months ending in… Read more »

Iowa Home Prices Up But Sales Down in September

Prices were up while home sales were down throughout Iowa in September, according to the Iowa Association of Realtors (IAR). The IAR’s 2012 September Housing Trends Report shows the median sale price was up 5.8 percent from last September. The median sale price was $127,000 in September 2012 and $120,000 in September 2011. Twenty-three of… Read more »

Featured Gay Friendly Realtor: Denny Horner, Washington, DC

Periodically we’ll feature one of our real estate professionals here to let our readers know about some great Realtors, Mortgage Brokers, and Other Real Estate Professionals. Denny is one of the Washington DC area’s hardest working realtors. he has the education, skills, and knowledge to help his clients through the real estate process, making it… Read more »

Oregon, USA: Voters Approve Constitutional Ban on New Real Estate Transfer Taxes

Voters have approved a ballot measure banning new taxes on the transfer of real-estate. The measure was pushed by the National Association of Realtors and its Oregon affiliate, which funded nearly all of the $5 million campaign promoting the ballot measure. State law already prohibits local governments from adopting transfer taxes, but proponents said they… Read more »

Hurricane Sandy’s Aftereffects Likely to Dampen Real Estate Market in Northeast

Existing-home sales, a market indicator followed by economists and analysts, probably will slow in the U.S. Northeast for the rest of 2012 as superstorm Sandy disrupts deals, the National Association of Realtors said. “Closings may be delayed, and a lot occur at the end of the month,” Walter Molony, a spokesman for the group, which… Read more »

Oahu Condo Sales Hit Five Year High in October

Sales of condominiums on Oahu last month soared more than 30 percent compared to a year ago, reaching their highest point since August 2007. And sales of single-family homes jumped by more than 25 percent, according to the Honolulu Board of Realtors. Median prices also rose — to $625,000 for single-family homes, an increase of… Read more »

THE PRIVILEGE OF CITIZENSHIP

THE PRIVILEGE OF CITIZENSHIP “I think this is the most extraordinary collection of talent, of human knowledge, that has ever been gathered at the White House – with the possible exception of when Thomas Jefferson dined alone.” ~John F. Kennedy THE FOLLOWING is from Thomas Jefferson’s Inaugural Address, delivered March 3, 1801 following a most… Read more »

Fort Lauderdale LGBT Events for November 2012

The Luxury Living Fort Lauderdale group at Coldwell Banker Residential Real Estate is pleased to provide you with some of the Lesbian, Gay, Bi-sexual and Transgender (LGBT) non-profit and political events planned to take place in Fort Lauderdale, Florida during November 2012.   Monday, November 5, 2012 Wilton Manor’s Taste of the Island.  6PM –… Read more »

HARP loans continue in August

HARP loans continue strong pace in August The FHFA recently released its August Refinance Report, which shows that Fannie Mae and Freddie Mac loans refinanced through HARP accounted for nearly 25 percent of all refinances in August. Nearly 99,000 homeowners refinanced their mortgage in August through HARP, with more than 618,000 loans refinanced since the… Read more »

Boston Home Prices Up, Foreclosures Down in August

The latest measures of the state housing market’s recovery pointed in the right direction Tuesday, with foreclosures declining and home prices rising. Single-family home values in the Boston area were up 0.7 percent in August, compared with July, marking the fifth consecutive month of increases, according to the S&P/Case-Shiller Home Price Indices. It monitors repeat… Read more »

Kansas Housing Market Expected to Show Growth in 2013

REMI issued its observations on a study released recently by researchers at Wichita State University forecasting substantial growth for the housing market in 2013, asserting that it would help real estate sellers in the area as the prices and demand grow into the coming year. Economic researchers at the University of Wichita released a forecast… Read more »

Buying a Vacation Home

Many of us dream of having that special getaway to retreat to on the weekends, holidays and anytime we just want to escape from the daily grind. Whether it is a mountain cabin, a casita on a lake or country cottage, we all have a need to go somewhere to rejuvenate our mind, body and… Read more »

Home Staging During the Holiday Season

I have heard many things said about the holiday season throughout the years, but you definitely don’t hear anyone say “Isn’t it a great time to move?”. After Halloween, showings of homes generally drop to a low and don’t pick up again until after the New Year. The good news, however, is that the sellers at… Read more »

Homeownership Rates Declines in Q3

The homeownership rate declined 0.8 percentage points in the third quarter compared with the third quarter of last year to a rate of 65.5 percent, the Dept. of Commerce’s Census Bureau reported this week. It was approximately the same as the rate last quarter. The rental vacancy rate of 8.6 percent was 1.2 percentage points… Read more »

Featured Gay Friendly Realtor: Amy Celeste Wilson, Jacksonville, Florida

Periodically we’ll feature one of our real estate professionals here to let our readers know about some great Realtors, Mortgage Brokers, and Other Real Estate Professionals. Amy Celeste was born and grew up in Atlantic Beach, Florida. She’s watched the Jacksonville area transform into one of the most desirable real estate markets in the country…. Read more »

Minnesota, USA: Preforclosure Rates Dropping

On Monday, October 29th, the Minnesota Homeownership Center released new data on the aggregate number of Preforeclosure Notices received by counselors in the Homeownership Advisors Network for the third quarter of 2012. “Minnesota homeowners, home builders and real estate professionals have been finding new reasons to gain confidence that the Twin Cities housing recovery is… Read more »

Ten Ways to Spot Mortgage Scammers

With instances of mortgage fraud on the rise, are you aware of how to spot a mortgage scammer? Realtors have a good idea what to look for when it comes to fraudulent mortgage practices. However, that doesn’t mean that plenty of people, real estate agents included, haven’t been duped in the past. Scammers are often… Read more »