"Though I believe that that there are many regional factors involved with our national recovery, the status of Michigan is looking much better. As one of the "hardest hit" states in the country, we have seen small percentage gains in the…"
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Mike Cummings commented on Kathryn Lovell's blog post Housing Crisis to End in 2012? Standards-It might just be time to buy!
Kathryn Lovell commented on Kathryn Lovell's blog post Housing Crisis to End in 2012? Standards-It might just be time to buy!"@ Nadine, I agree completely and feel it will be market specific. Our market in East Tennessee, Smoky Mountains, is typically the last to feel the market slump and the first to witness recovery. We are definetely begining to…"
"I think it will be market specific. The markets that were hit the hardest will take longer to recover, but I think in 2012 we will start seeing improvements."
Paul Francis commented on Kathryn Lovell's blog post Housing Crisis to End in 2012? Standards-It might just be time to buy!"@ Amos,
It only takes 3 years from a short sale or a foreclosure to qualify for a home loan again. We are starting to see these homeowners who took matters in their own hands long ago, did what they had to do (short sale) and are now buyers…"
Dana Harris Carter commented on Kathryn Lovell's blog post Housing Crisis to End in 2012? Standards-It might just be time to buy!"Hey Kathryn! Thanks for sharing. However, I have a famous saying that I tell everyone which is "I do NOT care what Economists say about the Real Estate market ending soon because I'm out here in the trenches where I've been for the…"
Steele V. Propp commented on Kathryn Lovell's blog post Housing Crisis to End in 2012? Standards-It might just be time to buy!"Just saw another study that this would not be back on track until 2015.
The fact is no one can predict this. IMHO
Steele"
Paul Francis commented on Kathryn Lovell's blog post Housing Crisis to End in 2012? Standards-It might just be time to buy!"As far as I'm concerned... the Housing "Crisis" ended when the median price for a home in Las Vegas hit $120,000 considering the median household income in Las Vegas is around $50,000. As for homeowners that still have not done…"
Billie DeSimone commented on Kathryn Lovell's blog post Housing Crisis to End in 2012? Standards-It might just be time to buy!"Yes, we do have alot of factors to overcome, but once buyers start jumping in, things can turn around pretty fast. Check out this post on Trulia Voices from an agent in Salt Lake on 1/25/12:
FIRST ANSWER
The real estate market in Salt Lake…"
Aldo Figueroa - Maryland Agent commented on Kathryn Lovell's blog post Housing Crisis to End in 2012? Standards-It might just be time to buy!"@Amos, I agree that the "recovery" is still too fragile to draw conclusions but here are 2 clear indicators: 1) the slowly but surely shrinking shadow inventory and 2) the lower unemployment rate."
Amos Elroy commented on Kathryn Lovell's blog post Housing Crisis to End in 2012? Standards-It might just be time to buy!"You got to ask yourself if this is not just the making of another wave of foreclosures down the line.
I am not an economist but I'd like someone to explain how the market can be fixed on basis of virtual equity? It seems very artificial, and…"
Aldo Figueroa - Maryland Agent commented on Kathryn Lovell's blog post Housing Crisis to End in 2012? Standards-It might just be time to buy!"Demand has spiked and inventory is currently pretty low compared to the last 3 years in my coverage area-- Maryland. Nevertheless, I don't think values will increase too much, due to all of the property owners that were not motivated to sell…"
Kathryn Lovell posted a blog postHousing Crisis to End in 2012? Standards-It might just be time to buy!
Chris Thornberg, a former UCLA economist and a founding principal of Beacon Economics, was very skeptical of the housing market in 2007. However, in an article by the Orange County Register on January 13th, he is quoted as saying that now is:“…a great time to buy a home…If you’ve been thinking about buying a condo in Vegas or buying a condo in Miami, buy now.” Capital…See More
Kathryn Lovell posted a blog postIf Prices are Falling, Why are the Rich Buying?
Interesting Blog today from Keeping Current Mattersby The KCM Crew on March 14, 2011 · 1 commentThere is an interesting phenomenon taking place in the real estate market. While house prices are falling, the rich are starting to purchase. DataQuick Information Systems reported last week that sales on homes $1 million or more rose 18.6% last year after four consecutive years of decline. This is at the same time that sales outside of this price point actually fell 2.8%.And even more amazing is…See More
Kathryn Lovell posted a blog postSelling you House? 5 Reasons to Do it Now!
Selling Your House? 5 Reasons To Do It NOW!by The KCM Crew on February 15, 2011 The conventional wisdom when selling a home has always been to wait until the ‘Spring Buying Season’. Over the years, that has seemed to make sense and is now accepted as a good strategy for those who want to sell their house and receive the best possible price. This real estate market has shattered many previously held beliefs. The wisdom of waiting for a spring market is another belief that is about to fall. Here…See More
Vanessa Calhoun commented on Kathryn Lovell's blog post Will Foreclosures be Erased?"This is a tough one to call. One on hand, delaying foreclosures will help provide some type of market stabilization as absorption rates will begin to balance out, but on the other hand, it won't be an organic stabilization and the end result…"
Kathryn Lovell commented on Kathryn Lovell's blog post Will Foreclosures be Erased?"Mike, I am not sure when or even if they understand that the housing market virtually drives the economy. "
Profile Information
- Occupation
- Realtor
- Areas You Service (be VERY specific specific and include ALL counties, cities, states, and towns you service!)
- East Tennessee, Sevierville, Pigeon Forge, Gatlinburg, Seymour, Kodak, Danderidge, Knoxville, Maryville, Wears Valley,Townsend.
- Short Sale Designations and/or Special Training
- SFR (Short Sales and Foreclosures Resource), CDPE (Certified Distressed Property Expert)
- Short Sale Transactions Completed
- 25-50
- Do you have any experience in Commercial Real Estate? If so, do you have the CCIM or any commercial designations? How many commercial transactions and dollar volume have you CLOSED?
- no
- About Me/Profile of yourself: - Please add your Brokerage Company name also!
- I am a Realtor with RE/MAX Prime Properties located in the Great Smoky Mountains. I relocated to East Tennessee following Hurrican Katrina, originally from New Orleans. Short sales have been my niche market for over 3 years now.
- Put in todays date! This is to help stop spammers!
- November 29, 2010
- PLEASE READ THIS!!! - This site is primarily for Realtors, REAL buyers or sellers with questions are welcome to ask, anyone here for other purposes may be banned. 1. Because this site is primarily for agents agents, Any soliciting is pointless and is not allowed. Please do not sell or promote products or services in any way, directly or indirectly. Do not link or sneak in links promoting your services on comments, posts, discussions or blogs. You may have links on your profile pages to your websites as long as your are not selling things other than real estate! Again, absolutely no outgoing links to your websites, blogs or listings 2. Do not speak disparagingly about members on this site. This community is meant to be helpful, and we are here to help each other. 3. We reserve the right to delete content and/or ban members that violate these rules. 4. Member Name (Full Name Field) format must be FIRST NAME, then LAST NAME! Please no company names, DESIGNATIONS, or website in the name field! Please read the terms of service under the "home" tab! IF YOU AGREE TO THESE TERMS, PLEASE TYPE "I AGREE" IN THE BOX BELOW!! Thanks for your cooperation, and welcome to the Network!
- I agree
Kathryn Lovell's Blog
Housing Crisis to End in 2012? Standards-It might just be time to buy!
Posted on January 26, 2012 at 11:46am 11 Comments 0 Likes
If Prices are Falling, Why are the Rich Buying?
Posted on March 14, 2011 at 8:54pm 0 Comments 0 Likes
Interesting Blog today from Keeping Current Matters
by The KCM Crew on March 14, 2011 · 1 comment
There is an interesting phenomenon taking place in the real estate market. While house prices are falling, the rich are starting to purchase. DataQuick Information Systems reported last week that sales on homes $1 million or more rose 18.6% last year after four consecutive years of decline. This is at the same time that sales outside of this price point actually fell…
Selling you House? 5 Reasons to Do it Now!
Posted on February 15, 2011 at 2:20pm 0 Comments 0 Likes
Selling Your House? 5 Reasons To Do It NOW!
by The KCM Crew on February 15, 2011
The conventional wisdom when selling a home has always been to wait until the ‘Spring Buying Season’. Over the years, that has seemed to make sense and is now accepted as a good strategy for those who want to sell their house and receive the best possible price. This real estate market has shattered many previously held beliefs. The wisdom of waiting for a spring market is another belief…
Will Foreclosures be Erased?
Posted on January 10, 2011 at 2:30pm 3 Comments 0 Likes
Good information from the KCM Crew...What will this mean to your market?
Will Foreclosures Be Erased?
by The KCM Crew on January 10, 2011 · 1 comment
A court in Massachusetts voided two bank foreclosures this past Friday. The decision has already created a ripple effect across the banking community. Will other courts also decide to void local foreclosures? Does this put an added burden on banks when they are trying to complete a foreclosure process? What will it mean to… Continue
Will Foreclosures Be Erased?
by The KCM Crew on January 10, 2011 · 1 comment
A court in Massachusetts voided two bank foreclosures this past Friday. The decision has already created a ripple effect across the banking community. Will other courts also decide to void local foreclosures? Does this put an added burden on banks when they are trying to complete a foreclosure process? What will it mean to… Continue
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