Archive for November, 2010

HomeGain Launches HOMEGAIN150 Promotion

HomeGain offers rebate for buying or selling a home with a HomeGain referred agent through its Find a REALTOR® program

Today we announced our latest promotion for home buyers and sellers, the HOMEGAIN150 promotion. Eligible home buyers and sellers can qualify for a rebate of up to $150 when they register on HomeGain and use a HomeGain referred agent to complete a real estate transaction by September 30, 2011.

Registration for this promotion must take place between November 11, 2010 and June 30, 2011.

Read the full details, including terms and conditions, here.

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Posted by: HG Blog Admin on November 30th, 2010 under HomeGain

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HomeGain Releases 3rd Quarter 2010 Massachusetts Home Values Survey Results

Ninety percent of Massachusetts homeowners think their homes are worth more than their Realtors’ recommended listing price

Last month, HomeGain,one of  the first companies to provide free online instant home valuationsreleased the third quarter results of our nationwide survey of over 1,100 HomeGain current and former members and 2,600 homeowners. Our survey asked their opinions on home values and what they thought of President Obama’s performance as President. On this blog we published the 3rd quarter 2010 national results as well as the complete 3rd quarter 2010 regional results, including commentary from real estate agents and brokers.

Recently, we released the results of the  3rd quarter 2010 California home values survey,  the 3rd quarter 2010 Texas home values survey, the 3rd quarter 2010 Florida home values survey, the 3rd quarter 2010 New York home values survey, the 3rd quarter 2010 New Jersey home values survey , the 3rd quarter 2010 Illinois home values survey the 3rd quarter 2010 North Carolina home values survey the 3rd quarter 2010 Ohio home values survey,  the 3rd quarter 2010 Nevada home values survey, the 3rd quarter 2010 Michigan home values survey the 3rd quarter 2010 Colorado home values survey ,the 3rd quarter 2010 Washington home values survey, the 3rd quarter 2010 Pennsylvania home prices survey the 3rd quarter 2010Virginia home values survey , the 3rd quarter 2010 Arizona home values survey and the 3rd quarter 2010 Georgia home prices survey.

boston-holidays

Today we are releasing the Massachusetts home prices survey data.

In the second quarter 2010 Massachusetts home values survey, 90% of Massachusetts homeowners believed their homes were worth more than their Realtors’ recommended listing price.  In the current survey 91% of Massachusetts homeowners believe their homes are worth more that their Realtors’ recommended listing price. Forty-eight percent believed that their homes should be prices 10-20% higher than their Realtors’ recommended listing price and 43% thought their homes should be priced 1-9% higher.  (See question 2)

In the current survey only 4% of Massachusetts home buyers thought homes were fairly valued. Seventy percent of Massachusetts home buyers think that homes are just 1-9% overpriced. (see question 3)

Thirty five percent of Massachussets real estate agents and brokers think that homes prices fall over the next six months unchanged  from the second quarter.  Surveyed Massachussets home owners were more pessimistic about the direction of home values over the next six months with 43% expecting the value of their homes to drop over the next six months.  (See question 6)

Surveyed Massachusetts agents and brokers gave President Obama lower marks in the second quarter with 70% indicating they disapproved of the President’s performance unchanged from the second quarter. In the first quarter 56% of Massachusetts agents and brokers surveyed approved the President’s performance . Massachusetts home owners rated the President higher than their real estate professional counterparts, with 51% approving his performance. (See question 10)

Set forth below is the third quarter 2010 real estate professional and homeowner Massachusetts home values survey data along with the 2nd quarter 2009 and 2010 real estate professional survey data along with the third quarter 2010 national home prices survey dataClick on each question to see complete results:

  1. Have home prices increased, decreased or stayed the same in the last year?
  2. On average, what do homeowners believe that their home is worth?
  3. How do buyers feel that homes for sale are priced?
  4. What is the average difference in price between what sellers believe their home to be worth and the amount at which the home gets listed?
  5. What is the average difference in price between what a home is listed at and what a home sells for?
  6. In the next six months, will the values of homes in your market increase, decrease or stay the same?
  7. What percentage of homes for sale are foreclosures in your area?
  8. What is the average home price in your area?
  9. What percentage of your clients are first-time buyers?
  10. How do you think Barack Obama is performing in his role as President?

Continue reading this post

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Posted by: Louis Cammarosano on November 23rd, 2010 under Home Prices, Home Values, HomeGain, HomeGain Market Data, Polls, Regional

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Give Thanks by Spreading the Word About Veteran Benefits

The fact that Veterans Day and Thanksgiving are just weeks apart is a historical quirk.

But it sure feels right, doesn’t it?

As we take time this week to craft a list of family, friends and other things we’re thankful for, consider adding another line item to the list: those who have fought for our freedom. And, of course, those who continue to do so.

During this month of giving thanks, one of the best ways to honor American service members and their sacrifices is to make sure they’re aware of the myriad benefits available to them. From health benefits to education opportunities and beyond, there’s an array of significant benefits that provide some small measure of gratitude to those who have sacrificed so much.

There’s certainly one major benefit in particular worth exploring here — the VA home loan program. This unique purchasing option has helped more than 18 million veterans and their families become homeowners since the waning months of World War II.

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Posted by: Chris Birk on November 23rd, 2010 under Financing, Mortgage and Home Loans, Guest Bloggers, HomeGain

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HomeGain Releases 3rd Quarter 2010 Georgia Home Values Survey Results

Fifty-seven percent of Georgia Real Estate Professionals Expect Home Values to Decline over the Next Six Months

Last month, HomeGain, one of the first companies to provide free online instant home valuationsreleased the third quarter results of our nationwide survey of over 1,100 HomeGain current and former members and 2,600 homeowners. Our survey asked their opinions on home values and what they thought of President Obama’s performance as President. On this blog we published the 3rd quarter 2010 national results as well as the complete 3rd quarter 2010 regional results, including commentary from real estate agents and brokers.

Recently, we released the results of the  3rd quarter 2010 California home values survey,  the 3rd quarter 2010 Texas home values survey, the 3rd quarter 2010 Florida home values survey, the 3rd quarter 2010 New York home values survey, the 3rd quarter 2010 New Jersey home values survey , the 3rd quarter 2010 Illinois home values survey the 3rd quarter 2010 North Carolina home values survey the 3rd quarter 2010 Ohio home values survey,  the 3rd quarter 2010 Nevada home values survey, the 3rd quarter 2010 Michigan home values survey the 3rd quarter 2010 Colorado home values survey ,the 3rd quarter 2010 Washington home values survey, the 3rd quarter 2010 Pennsylvania home prices survey the 3rd quarter 2010Virginia home values survey and the 3rd quarter 2010 Arizona home values survey.  In the coming days we will be releasing home values survey data from and Massachusetts.

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

Georgia  home buyers have long believed that home prices are too high in their state. In the first quarter 2009 Georgia home values survey, just 5% of home buyers thought homes were fairly priced. In the second quarter 2009 Georgia home prices survey not much changed with just 8% of Georgia home buyers believing that homes were fairly priced. In the third quarter 2009 Georgia home prices survey, only 5% of Georgia home buyers believed that homes were fairly priced. Little changed in the fourth quarter 2009 Georgia home prices with 7% saying that homes were fairly priced and 35% saying homes were overpriced by 10-20%. In the first quarter 2010 Georgia home prices survey just 6% of home buyers thought home prices were fairly priced and 37% thought homes were over priced by 10-20%. In the second quarter 2010 Georgia home prices survey the percentage of Georgia home buyers that thought homes were fairly prices jumped to 32%. In the current survey 17% of Georgia home buyers believe homes are fairly priced.  (see question 3)

Georgia home sellers also have long disregarded what their agents and brokers tell them about the value of their homes. In the second quarter of 2010 just 3% of Georgia home owners agreed with their Realtors’ recommended listing price vs. 6% in the first quarter of 2010 and vs. 5% in the fourth quarter of 2009. Last quarter, 32% of Georgia homeowners believed their homes should be priced 10-20% higher than their Realtors’ recommended listing price, down from 46% in the first quarter of 2010 vs. 48% in the fourth quarter of 2009 and 39% in the third quarter of 2009. In the current survey 12% of Georgia home owners agreed with their Realtors’ recommended listing price and 50% thought their homes should be priced 10-20% higher. (see question 2)

In the current survey 57% of Georgia agents and brokers expected home prices to decline over the next six months vs. 36% who so believed in the second quarter of 2010 vs. 25% in the first quarter of 2010 vs. 30% in the fourth quarter of 2009 vs. 32% in the third quarter of 2009 and vs. 27% in the second quarter of 2009. In the current survey 33% of Georgia agents and brokers expect home prices to remain the same over the next six months. Forty-eight one percent of Georgia home owners expect home prices to remain the same over the next six months and 39% believe they will decline. (see question 6)

Georgia real estate professionals surveyed continue to disapprove President Obama’s performance with 71% disapproving vs. 69% who disapproved in the second quarter. In the first quarter of 2010, 58% of surveyed Georgia agents and brokers disapproved of the President’s performance. (see question 10) Sixty-five percent of Georgia home owners surveyed disapprove of the President’s performance with 55% “strongly disapproving”.  In the second quarter 60% of Georgia home owners disapproved of the President’s performance. (see question 10)

Set forth below is the third quarter 2010 real estate professional and homeowner Georgia home prices survey data along with the 2nd quarter 2009 and 2010 real estate professional survey data along with the third quarter 2010 national home prices survey dataClick on each question to see complete results:

  1. Have home prices increased, decreased or stayed the same in the last year?
  2. On average, what do homeowners believe that their home is worth?
  3. How do buyers feel that homes for sale are priced?
  4. What is the average difference in price between what sellers believe their home to be worth and the amount at which the home gets listed?
  5. What is the average difference in price between what a home is listed at and what a home sells for?
  6. In the next six months, will the values of homes in your market increase, decrease or stay the same?
  7. What percentage of homes for sale are foreclosures in your area?
  8. What is the average home price in your area?
  9. What percentage of your clients are first-time buyers?
  10. How do you think Barack Obama is performing in his role as President?

Continue reading this post

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Posted by: Louis Cammarosano on November 23rd, 2010 under Home Prices, HomeGain, HomeGain Market Data, Polls, Regional

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We Are Truly Thankful – The American Dream Revisited

With unemployment, business failures, foreclosures and the like purportedly on the rise, you’d think doom and gloom would be permeating the San Francisco Bay Area.

You’d be wrong.

In the words of President Obama, “Hope is alive!” And with it, the American Dream.

A few years ago, while on a fact-finding mission to Africa, I visited the Kenyan city of Nakuru. The provincial capital of Kenya’s Rift Valley, Nakuru is the location of Lake Nakuru, a part of the Lake Nakuru National Park and the home of the lake’s famous inhabitants. Standing in the city of Nakuru and gazing across the lake, you see a thick band of bright pink: closer examination reveals vast numbers of flamingoes that make the shore of Lake Nakuru their home.

As fascinating as the flamingoes and other wild animals were, I wasn’t there to visit them.  From the vista point, turn 180 degrees, and you see the city garbage dump. Visiting this refuse site, I saw homeless children living in caves around the abandoned waste of their society. Shortly after, I journeyed to Kitgum in war stricken Northern Uganda. Standing in a refugee camp amidst the squalor of countless mud huts, I observed villagers waiting for hours to get their daily ration of water. You could taste the hopelessness and despair that seemed to hang in the air.

Surrounded by such suffering and poverty, I was reminded of the incredible blessings we have access to in these United States of America. Off the unparalleled opportunity surrounding us every day. Continue reading this post

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Posted by: Carl Medford on November 22nd, 2010 under Lives of The Realtors

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HomeGain Launches HomeGain150 Promotion

HomeGain recently launched a new promotion – HomeGain150.

Consumers can get $150 back from HomeGain when they complete a real estate transaction with a HomeGain agent that they find though our Find a Realtor program.

Here is the link to get started.

Fell free to forward it to friends and family who may be contemplating a home sale or purchase.

Set forth below is the offer:

Share the HomeGain150 Coupon Code with your friends:
 

 
Terms and Conditions:

$150 HomeGain Coupon

Receive up to $150 from HomeGain if you register and use a Real Estate agent referred by HomeGain for your sale or purchase of a home

  1. You must register with HomeGain to request a HomeGain referred real estate agent and during registration enter the required promotion code between November 11, 2010 and June 30, 2011.
  2. HomeGain must receive written confirmation, including a HUD1 form, from the HomeGain-referred agent that you have purchased or sold a home on or before September 30, 2011; and
  3. Home purchase or sale transaction must close on or before September 30, 2011.
  4. HomeGain will pay all eligible recipients within 30 days of HomeGain’s receipt of all supporting documentation. Payment may be made via PayPal and may require you to have a PayPal account for payment.
  5. Offer is void where prohibited and all entries must be received prior to June 30, 2011. This offer may be terminated prior to June 30, 2011 however, all entries received prior to termination that are eligible for the promotional payment will be honored on entrant’s submission of all supporting documentation.
  6. All entries must be received via the www.homegain.com website and are subject to verification.
  7. To enter this promotion you must consent to receive email from HomeGain about this promotion and other HomeGain services.
  8. Promotional payment from HomeGain as a result of this promotion is based on the value of the home sold. If the value of the home sold is less than $75,000 you are not eligible for a promotional payment pursuant to this offer. If the value of the home sold is between $75,000 and $149,999, you are eligible for a promotional payment of $75.00 pursuant to this offer. If the value of the home bought or sold is $150,000 or more, you are eligible for a promotional payment of $150.00 pursuant to this offer.
  9. Individuals who have previously registered with HomeGain for the purchase or sale of property are not eligible.
  10. Unfortunately state laws require that HomeGain users from the following states or properties sold in the following states are not eligible to participate in this promotion: AK, AL, IA, KS, LA, MO, MS, MT, OK, OR, TN and NJ (NJ sellers are prohibited but NJ buyers are eligible).

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Posted by: Louis Cammarosano on November 19th, 2010 under HomeGain

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