Comments on: Buyers Aren’t Rushing To Purchase Homes http://www.newhomessection.com/blog/buyers-aren%e2%80%99t-rushing-to-purchase-homes/2009/07/21/ New Home and Home Builder Information Fri, 19 Mar 2010 16:00:39 -0700 http://wordpress.org/?v=2.9.2 hourly 1 By: Charles@Las Vegas Real Estate http://www.newhomessection.com/blog/buyers-aren%e2%80%99t-rushing-to-purchase-homes/2009/07/21/comment-page-1/#comment-24428 Charles@Las Vegas Real Estate Sun, 09 Aug 2009 01:02:42 +0000 http://www.newhomessection.com/blog/?p=3419#comment-24428 True but the Las Vegas numbers are skewed due to the self imposed moratorium on foreclosures. Since it ended in June, June showed the highest foreclosure rate since August of last year. Now whether that trend continues is the million dollar question. .-= Charles@Las Vegas Real Estate´s last blog ..<a href="http://www.lvrealty.net/news/las-vegas-property-auctions-deal-or-no-deal" rel="nofollow">Las Vegas Property Auctions - Deal or No Deal?</a> =-. True but the Las Vegas numbers are skewed due to the self imposed moratorium on foreclosures. Since it ended in June, June showed the highest foreclosure rate since August of last year. Now whether that trend continues is the million dollar question.
Charles@Las Vegas Real Estate´s last blog ..Las Vegas Property Auctions – Deal or No Deal? My ComLuv Profile

]]> By: Brainerd Minnesota Real Estate Agent http://www.newhomessection.com/blog/buyers-aren%e2%80%99t-rushing-to-purchase-homes/2009/07/21/comment-page-1/#comment-23791 Brainerd Minnesota Real Estate Agent Mon, 03 Aug 2009 06:58:40 +0000 http://www.newhomessection.com/blog/?p=3419#comment-23791 I can tell you that the number of closings are up and that's true for much of the U.S. Every county around us and including ours saw a rise in the # of closed sales this past month. .-= Brainerd Minnesota Real Estate Agent´s last blog ..<a href="http://blog.lakehome.com/?p=757" rel="nofollow">Brainerd Minnesota Real Estate - What’s on the Market?</a> =-. I can tell you that the number of closings are up and that’s true for much of the U.S. Every county around us and including ours saw a rise in the # of closed sales this past month.
Brainerd Minnesota Real Estate Agent´s last blog ..Brainerd Minnesota Real Estate – What’s on the Market? My ComLuv Profile

]]> By: Geoff@San Diego Real Estate http://www.newhomessection.com/blog/buyers-aren%e2%80%99t-rushing-to-purchase-homes/2009/07/21/comment-page-1/#comment-23324 Geoff@San Diego Real Estate Thu, 30 Jul 2009 05:13:17 +0000 http://www.newhomessection.com/blog/?p=3419#comment-23324 There are definitely different perspectives about the mindset of home buyers depending upon which real estate market is at issue. Just today the Wall Street Journal ran a front-page story about the top housing markets posting price increases, according to the April-May Case-Schiller price index. The San Diego Union Tribune ran a similar story. The funny thing is that these numbers are already two months old. We've been seeing home buyers competing over a limited supply of homes in San Diego since early 2009. In April and May I began to predict that prices would begin to rise under the strong demand and short supply, but I was severely criticized for that opinion at the time. Now the papers are reporting the same thing based upon old data that was available in the Spring, and all of a sudden it's credible news. Funny how that works. .-= Geoff@San Diego Real Estate´s last blog ..<a href="http://www.sdrealtypros.com/article/san-diego-real-estate-prices-92129-june09/" rel="nofollow">San Diego Real Estate Prices Part1</a> =-. There are definitely different perspectives about the mindset of home buyers depending upon which real estate market is at issue. Just today the Wall Street Journal ran a front-page story about the top housing markets posting price increases, according to the April-May Case-Schiller price index. The San Diego Union Tribune ran a similar story. The funny thing is that these numbers are already two months old. We’ve been seeing home buyers competing over a limited supply of homes in San Diego since early 2009. In April and May I began to predict that prices would begin to rise under the strong demand and short supply, but I was severely criticized for that opinion at the time. Now the papers are reporting the same thing based upon old data that was available in the Spring, and all of a sudden it’s credible news. Funny how that works.
Geoff@San Diego Real Estate´s last blog ..San Diego Real Estate Prices Part1 My ComLuv Profile

]]> By: Mack@Las Vegas Homes http://www.newhomessection.com/blog/buyers-aren%e2%80%99t-rushing-to-purchase-homes/2009/07/21/comment-page-1/#comment-23258 Mack@Las Vegas Homes Wed, 29 Jul 2009 21:15:48 +0000 http://www.newhomessection.com/blog/?p=3419#comment-23258 Buyers are looking at foreclosures here in Las Vegas and many are actually investors. Although new home sales are down; The Greater Las Vegas Association of Realtors reported an all time record breaking high in June (last month) for home sales. This was attributed primarily to foreclosures and re-sales of existing homes. .-= Mack@Las Vegas Homes´s last blog ..<a href="http://www.vegas4sale.net/president-obama-on-healthcare/" rel="nofollow">President Obama on Healthcare</a> =-. Buyers are looking at foreclosures here in Las Vegas and many are actually investors.

Although new home sales are down; The Greater Las Vegas Association of Realtors reported an all time record breaking high in June (last month) for home sales. This was attributed primarily to foreclosures and re-sales of existing homes.
Mack@Las Vegas Homes´s last blog ..President Obama on Healthcare My ComLuv Profile

]]> By: Jim Gilbert http://www.newhomessection.com/blog/buyers-aren%e2%80%99t-rushing-to-purchase-homes/2009/07/21/comment-page-1/#comment-22691 Jim Gilbert Sat, 25 Jul 2009 14:34:03 +0000 http://www.newhomessection.com/blog/?p=3419#comment-22691 I have been in contact with a number of people who want to move to Austin, but have homes to sell. Until the market picks up where they live, they will wait. Others, as the blog says, will not be ready for awhile becaue of the uncertainty of the economy and real estate market. Interestingly, today's Austin American-Statesman has an article about D.R. Horton pushing ahead with new home starts in this area. They believe that buyers will get off the fence. Over the past several weeks I had noticed that Horton seemed to be well ahead of other builders in the Austin area with all their new home starts. Hopefully this is a good sign. I have been in contact with a number of people who want to move to Austin, but have homes to sell. Until the market picks up where they live, they will wait. Others, as the blog says, will not be ready for awhile becaue of the uncertainty of the economy and real estate market. Interestingly, today’s Austin American-Statesman has an article about D.R. Horton pushing ahead with new home starts in this area. They believe that buyers will get off the fence. Over the past several weeks I had noticed that Horton seemed to be well ahead of other builders in the Austin area with all their new home starts. Hopefully this is a good sign.

]]> By: Ron@commercial real estate http://www.newhomessection.com/blog/buyers-aren%e2%80%99t-rushing-to-purchase-homes/2009/07/21/comment-page-1/#comment-22495 Ron@commercial real estate Fri, 24 Jul 2009 08:07:59 +0000 http://www.newhomessection.com/blog/?p=3419#comment-22495 The commercial market is also sloooow. The commercial market is also sloooow.

]]> By: Sundream Estate http://www.newhomessection.com/blog/buyers-aren%e2%80%99t-rushing-to-purchase-homes/2009/07/21/comment-page-1/#comment-22388 Sundream Estate Thu, 23 Jul 2009 07:21:02 +0000 http://www.newhomessection.com/blog/?p=3419#comment-22388 Here over in Spain has one bank starting to first reparation (small reparations) and clean up the house before they put the foreclosed house on the market for sell. They get a much better price and also sometime, they not get any credit lost on the house in the end. Here over in Spain has one bank starting to first reparation (small reparations) and clean up the house before they put the foreclosed house on the market for sell. They get a much better price and also sometime, they not get any credit lost on the house in the end.

]]> By: Charles@Las Vegas Real Estate http://www.newhomessection.com/blog/buyers-aren%e2%80%99t-rushing-to-purchase-homes/2009/07/21/comment-page-1/#comment-22363 Charles@Las Vegas Real Estate Wed, 22 Jul 2009 23:20:02 +0000 http://www.newhomessection.com/blog/?p=3419#comment-22363 That may be the case in Georgia, but we have some pretty abused foreclosed homes here in Las Vegas. Some people trash the place before they lose it, other homes have been vandalized or used by squatters. Granted, I've seen some very nice move-in ready foreclosures, but there are some that will need a lot of TLC. .-= Charles@Las Vegas Real Estate´s last blog ..<a href="http://www.lvrealty.net/news/las-vegas-housing-market" rel="nofollow">Las Vegas Housing Market: Foreclosures Down, Sales Up</a> =-. That may be the case in Georgia, but we have some pretty abused foreclosed homes here in Las Vegas. Some people trash the place before they lose it, other homes have been vandalized or used by squatters. Granted, I’ve seen some very nice move-in ready foreclosures, but there are some that will need a lot of TLC.
Charles@Las Vegas Real Estate´s last blog ..Las Vegas Housing Market: Foreclosures Down, Sales Up My ComLuv Profile

]]> By: Joe Loomer http://www.newhomessection.com/blog/buyers-aren%e2%80%99t-rushing-to-purchase-homes/2009/07/21/comment-page-1/#comment-22330 Joe Loomer Wed, 22 Jul 2009 12:45:48 +0000 http://www.newhomessection.com/blog/?p=3419#comment-22330 "Plus, they worried about the cost of repairs. That second part is a little strange, considering that most of the homes foreclosed upon aren’t typical of traditionally foreclosed homes, and should be in better condition than what someone might usually see." Lost in that argument is the ability of VA, FHA, and some conventional loan buyers to obtain financing on these properties. Even a minor "subject to" appraisal kills the deal since the vast majority are "As Is" sales and the banks won't invest any money in repairs. A foreclosed home with something as trivial as a broken seal on a window is the end of that transaction. <a href="http://www.augustalistingexpert.com" rel="nofollow">Augusta GA Homes</a> Navy Chief, Navy Pride .-= Joe Loomer´s last blog ..<a href="http://www.augustalistingexpert.com/Blog/Georgia-Homestead-Exemption-Abolished-For-Now" rel="nofollow">Georgia Homestead Exemption Abolished - For Now...</a> =-. “Plus, they worried about the cost of repairs. That second part is a little strange, considering that most of the homes foreclosed upon aren’t typical of traditionally foreclosed homes, and should be in better condition than what someone might usually see.”

Lost in that argument is the ability of VA, FHA, and some conventional loan buyers to obtain financing on these properties. Even a minor “subject to” appraisal kills the deal since the vast majority are “As Is” sales and the banks won’t invest any money in repairs. A foreclosed home with something as trivial as a broken seal on a window is the end of that transaction.

Augusta GA Homes

Navy Chief, Navy Pride
Joe Loomer´s last blog ..Georgia Homestead Exemption Abolished – For Now… My ComLuv Profile

]]> By: Cary NC Real Estate http://www.newhomessection.com/blog/buyers-aren%e2%80%99t-rushing-to-purchase-homes/2009/07/21/comment-page-1/#comment-22302 Cary NC Real Estate Wed, 22 Jul 2009 06:17:17 +0000 http://www.newhomessection.com/blog/?p=3419#comment-22302 Very interesting information, though it isn't a surprise that so many people are still concerned about losing their jobs. I guess the good news is that buyers are being more realistic about whether or not they can actually afford to take on a mortgage loan. Very interesting information, though it isn’t a surprise that so many people are still concerned about losing their jobs. I guess the good news is that buyers are being more realistic about whether or not they can actually afford to take on a mortgage loan.

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