Archive for May, 2009

Greening Your Real Estate Practice

We’re right at the tip of the iceberg with the Green movement. Greening our real estate practice is not just about being Green ourselves but also understanding where the consumer is coming from so we can better help them. Most home buyers I work with are concerned about some element of Green to some degree or another, but all agree with being more energy efficient.

At Startpoint Realty we are becoming a more eco minded firm — receiving our Green designations, working in virtual offices, sending green trees as closing gifts -– while at the same time going Green can mean looking at new ways of saving money, which we are all doing already in this weakened economy.

Any level of education we as Realtors can add to our profession gives us a competitive edge when working with buyers and sellers. We don’t have to be experts on Green building or everything Green, but we can certainly be ambassadors and become resources of Green.

I prepared a “Greening Your Real Estate Practice” PowerPoint webinar for HomeGain, which has simple but effective tips on what we can do as professionals, getting more involved in our communities and inexpensive ways we can be more of what consumers are expecting from us.

Listen to the GREEN WEBINAR and hear about what you can do (and why) for making your business more Green.

Visit StartPoint Realty website to see how we use virtual offices and transaction platforms and my personal site www.HomesByJeffrey.com as a Green resource and Green marketing ideas.

Also visit the HomeGain Green Real Estate site to get more tips.

Jeffrey Bastress, GREEN certified NAR instructor

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Posted by: Jeffrey Bastress on May 26th, 2009 under Green Real Estate

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HomeGain Releases 2nd Qtr Washington State Home Prices Survey Data

Last week, HomeGain released the national and regional results of a survey of more than 1,150 current and former HomeGain members. The survey asked their opinions on home prices and what they thought of President Obama’s performance as President.  On the HomeGain real estate blog we published the national and regional 2nd Qtr results.

Earlier this week we published the results of the California home prices, Texas home prices, Florida home prices, New York home prices, New Jersey home prices, Illinois home prices, Georgia home prices Arizona home prices, North Carolina home prices and Virginia home prices surveys.

 

Today we are releasing the Washington home prices survey data.

Washington homeowners, like many homeowners across the nation have slashed their valuation expections. In the first quarter Washington home values survey 52% of home owners believed that their homes should be priced 10-20% higher than their Realtors’ recommended listing price vs. 43% who so believed in the current survey. (See question 2)

As Washington home owners are tempering their home valuation expectations, 50% of Washington home buyers now believe that homes are over priced by 10-20% vs 29% of Washington home buyers who so believed three months ago. (See question 3)

Sixty-seven percent of Washington Realtors predict stabilizing home prices in the next six months vs. 52% of Washington Realtors who predicted price decreases three months ago.  Just 17% of Washington Realtors in the current home values survey think that Washington home prices will decrease in the coming six months. (See question 6)

Sixty-six percent of Washington Realtors approve of Obama’s performance as President vs. 57% of Realtors nationwide.

Set forth below is the Washington home prices survey results with the national data in parenthesis:

 

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Posted by: Louis Cammarosano on May 25th, 2009 under Home Prices, Home Values, HomeGain, HomeGain Market Data, Polls

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HomeGain Releases 2nd Qtr Virginia Home Prices Survey Data

Early last week, HomeGain released the national and regional results of a survey of more than 1150 current and former HomeGain members. The survey asked their opinions on home prices and what they thought of President Obama’s performance as President.  On the HomeGain real estate blog we published the national and regional 2nd Qtr results.

Earlier this week we published the results of the California home prices, Texas home prices, Florida home prices, New York home prices, New Jersey home prices, Illinois home prices, Georgia home pricesArizona home prices and North Carolina home prices surveys.

Today we are releasing the Virginia home prices survey data.

According to the recent survey, Virginia home buyers do not believe home prices in their state are that unreasonable. Twenty-two percent of Virginia home buyers believe homes are fairly priced vs. 6% who believed the same according to the first quarter Virginia home values survey.  Fourteen percent of Virginia home buyers believe that homes are underpriced by 10-20%. (see question 3).

Homeowners in Virginia continue to believe in large percentages that their homes are worth more than their Realtors’ are telling them with 46% of Virginia home sellers thinking that their homes are worth 10-20% higher than their Realtors’ recommended listing price.  Eleven percent of Viginia home owners believe their homes are worth 21-30% higher than their Realtors recommend they list them for vs. 6% who believed the same in the first quarter. (see question 2).

In the first quarter Virginia home vaues survey, just 6% of  Virginia Realtors believed that prices would increase in the next six months. In the current survey 24% of Virginia Realtors believe that home prices will increase in the next six months and 35% believe they will stay the same (see question 6).

Fifty-four percent of Virginia Realtors approve of Obama’s performance as president vs. 57% of Reatlors nationwide.

Set forth below is the Virginia home prices survey data with the national data in parenthesis: Continue reading this post

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Posted by: Louis Cammarosano on May 25th, 2009 under Home Prices, Home Values, HomeGain, HomeGain Market Data, Polls

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HomeGain Releases 2nd Qtr North Carolina Home Prices Survey Data

Early last week, HomeGain released the national and regional results of a survey of more than 1150 current and former HomeGain members. The survey asked their opinions on home prices and what they thought of President Obama’s performance as President.  On the HomeGain real estate blog we published the national and regional 2nd Qtr results.  Earlier this week we published the results of the  California home prices, Texas home prices, Florida home prices, New York home prices, New Jersey home prices, Illinois home prices, Georgia home prices and Arizona home prices surveys.

Today we are releasing the North Carolina home prices survey data.

According to the home values survey, North Carolina home owners significantly tempered their home valuation expectations. In the first quarter survey North Carolina Realtors thought that 63% of their home owner clients believed that their homes should be listed 10-20% higher than they recommended. In the current survey, 27% of North Carolina home owners believed that their homes should be listed 10-20% higher that their Realtors’ recommended listing price. (see question 2)

A greater percentage of North Carolina home buyers now believe that homes are more reasonably priced.  In the first quarter survey 63% of North Carolina buyers thought that homes were overvalued, with 37% thinking that homes were over priced by 10-20% and 26% thinking that homes were over priced by less than 10%. In the current survey 56% of  home buyers believe that homes are overpriced, with 24% thinking that homes were over priced by 10-20% and 32% thinking that homes were over priced by less than 10%. (see question 3)

North Carolina Realtors expressed increased optimism on the direction of home prices. In the first quarter 48% of North Carolina Realtors thought that home prices would decline in the next six month. In the current survey, only 22% expected home values to decline in the next six months with the majority or North Carolina Realtors (51%) believing that home prices would stay the same over the next six months. (see question 6)

 

Fifty-eight percent of North Carolina Realtors strongly approve (34%)  or somewhat approve (24%) of Obama’s performance as President. (see question 10)

Set forth below is the North Carolina home prices survey data with the national data in parenthesis:

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Posted by: Louis Cammarosano on May 24th, 2009 under Home Prices, Home Values, HomeGain, HomeGain Market Data, Polls

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HomeGain Releases 2nd Qtr Georgia Home Prices Survey Data

Last week, HomeGain, the first web site to provide free online instant home valuationsreleased the national and regional results of our survey of 1150 former and current HomeGain members. We asked their opinions on home prices and of President Obama’s performance as President.  On this blog we published the national and regional 2nd Qtr results.  

This week we published the results of the  California home prices, Texas home prices, Florida home prices, New York home prices, New Jersey home prices, Illinois home prices and  Arizona home prices prices surveys.

Today we release the result of the Georgia home prices survey.

In the first quarter Georgia home values survey, Realtors expressed the belief that home buyers thought homes were over valued. In the current survey not much has changed with just 8% of Georgia home buyers believing that homes are fairly priced (vs.5% in the frst quater survey). According to Georgia Realtors, thirty-two percent of Georgia home buyers believe that home prices are over priced by 10-20%, the same percentage of home buyers that believed the same in the first quarter. (see question 3)

Georgia home sellers tempered their valuation expectations slightly in the second quarter with 39% believing that their homes were worth 10-20% more than their Realtors’ recommended listing prices vs. 45% who believed so in the first quarter. In the current survey only 8% of Georgia home owners believed that their homes were worth 21-30% more than their Realtors’ recommended listing prices vs. 16% who believed so in the first quarter. (see question 2)

Three months ago 42% of Georgia Realtors expected home values to decline in the next six months. In the current survey 27% of Georgia Realtors believe home prices will fall in the next six months. Twenty-seven percent of Geogia Realtors in the current survey expect home prices to increase in the next six month vs. 16% who believed so in the first quarter. (see question 6)

Fifty-eight percent of Georgia Realtors somewhat approve or strongly approve of Obama’s performance as President.

Set forth below is the Georgia home prices data with the national data in parenthesis:

Continue reading this post

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Posted by: Louis Cammarosano on May 23rd, 2009 under Home Prices, Home Values, HomeGain, HomeGain Market Data, Polls

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HomeGain Releases 2nd Qtr Arizona Home Prices Survey Data

On Monday May 18, HomeGain, the first company to provide free online instant home valuationsreleased the national and regional results of our survey of 1150 former  and current HomeGain members. We asked their opinions on home prices and of President Obama’s performance as President.  On this blog we published the national and regional 2nd Qtr results.  This week we published the results of the  California home prices, Texas home prices, Florida home prices, New York home prices, New Jersey home prices, and Illinois home prices surveys.

Today we release the results of the Arizona home prices survey.

Arizona is one of the states that has experieced the greatest depreciation in home prices in recent years. The values of Phoenix homes for sale have fallen fifty percent since 2006. Three months ago according to our home prices survey, 61% of Realtors believed that home values would continue their descent. In the recent home values survey just 24%  of Realtors expect further declines in home prices in the next six months, with 52% believing that home values will stabilize. (see question 6)

An increasing percentage of Arizona home buyers believe that homes are overpriced with 32% believing that homes are 10-20% overvalued vs. 11% who believed so three months ago. (see question 3).

Thirty-five percent of Arizona home sellers continue to believe that their homes are worth 10-20% more than their Realtors’ recommend listing price (vs. 33% in the first quarter). Eight percent of Arizona home owners believe that their homes are worth 21-30% higher than the price their Realtors’ recommend. (vs. 17% in the first quarter).

Fifty-eight percent of Arizona Realtors somewhat approve or strongly approve of Obama’s performance as President vs. 57% of their national counterparts.

Set forth below is the Arizona home values data with the national data in parenthesis: Arizona/National Continue reading this post

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Posted by: Louis Cammarosano on May 22nd, 2009 under Home Prices, Home Values, HomeGain, HomeGain Market Data, Polls

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