Archive for May, 2011

Real Estate Radio with Louis Cammarosano 5/9/11

On Monday May 9, 2011, Louis Cammarosano, General Manager of HomeGain, was a guest on the Real Estate Radio show on The Big Talker 1580 AM, hosted by Ryan Sloper.

Listen to the show.

Part 1 (24:03)

Ryan mentions that Facebook founder Mark Zuckerberg may have purchased a home in California; Ryan reviews the economic events of the prior week;  Ryan notes that interest rate are still heading down;Ryan notes that the DC real estate market is competitive on the buy and rent sides and that would be renters in the DC area are turning into would be buyers; Louis notes that the DC housing dynamic is different from the rest of the country where housing prices are down and there is plenty of inventory;Louis notes that if it is cheaper to buy than rent that it makes sense to get a long term low interest rate loan; Louis talks about the benefits of visiting HomeGain.com; Louis discusses the HomeGain FSBO vs. Realtor survey and the advantages of hiring a REALTOR; Louis and Ryan discuss the HomeGain home improvement survey and recount the types of home improvements that provide the best return on investment;Ryan and Louis talk about pricing strategies for selling a home;Louis and Ryan discuss the differences between pricing a short sale and pricing a non short sale home; Louis notes pricing a home too high may keep the home on the market a long time and that the more days a home is on the market makes a home look like damaged good;Ryan describes short sales as foreclosure avoidance and discusses the impact of each on FICO scores; Ryan talks about the options that people with underwater mortgages have; Louis mentions that 72% of home buyers and sellers pick the first real estate agent they meet and points out the value in comparing agents first using HomeGain’s Find a REALTOR program; Louis can Ryan discuss the level of shadow inventory the impact on sellers as more inventory gets released;

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Posted by: Louis Cammarosano on May 22nd, 2011 under HomeGain, HomeGain on Real Estate Radio, Louis Cammarosano on Real Estate Radio

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Real Estate Radio with Louis Cammarosano 5/2/11

On Monday May 2, 2011, Louis Cammarosano General Manager of HomeGain, was a guest on the Real Estate Radio show on The Big Talker 1580 AM, hosted by Ryan Sloper.

Listen to  the show.

Part 1 (24:18)

Ryan discusses the death of Osama Bin Laden;Ryan reviews the economic news of the week;Ryan notices the correlation between increased home sales and interest rate drops;Louis notes we can’t expect the housing market to be supported by further decreases in rates as they are already near historic lows;Ryan explains that interest rates change once every four hours; Ryan notes the difference between getting a quote and being locked in to an interest rate; Ryan advises the importance of keeping in touch with your mortgage lender;Louis notes that interest rates change a lot faster than home prices; Ryan notes that the consumer confidence was up,Ryan and Louis discuss the Fed’s decision to keep interest rates where they are and to continue the $600 billion QE2 program; Ryan and Louis discuss the Fed’s view that inflation is nascent;Louis notes that not only does the Fed not see inflation that exists but disclaims any responsibility for it; Louis asserts that there is a correlation between oil prices and Fed policy; Louis discusses Ben Bernanke’s assertion that the Fed can’t control oil prices but that they somehow can control the impact of higher oil prices on the rest of the economy; Louis also remarks on Bernanke’s view of the dollar-the claim that a strong dollar can be achieved through the Fed’s current policy as it is their belief that they are creating a sound economy and therefore a sound dollar; Louis notes the irony of the Fed chastising Congress’ spendthrift ways – if the Fed did not monetize the debt, Congress could’nt spend;Louis noted that as Bernanke spoke the prices of gold and silver rose as it seemed that the Fed has no interest in cutting off the easy money;the current Fed policy will keep interest rates low; Ryan notes that the Fed knows that they can’t let interest rates rise because of the housing mess; Louis notes that the Fed has a Hobson’s Choice-either keep rates low or let interest rates rise and cut off the recovery. Ryan noted that the Fed claimed oil prices rose due to demand from emerging markets;Ryan notes that countries are trying to get away from using the dollar as a means of settling transactions;Louis and Ryan talk about the impacts of inflation on potential home buyers’ ability to purchase a home; Gas prices around $4.29 in the DC metro area and San Franciso Bay area;Louis notes that food, energy and housing are the main expenditures of consumers and if the cost of  rent is more than cost of ownership, it makes sense to buy;Ryan notes that one in four renters spend half of the paycheck on rent and utilities;Louis and Ryan talk about the difference between real estate investment and real estate speculation.

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Posted by: Louis Cammarosano on May 21st, 2011 under HomeGain, HomeGain on Real Estate Radio, Louis Cammarosano on Real Estate Radio

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HomeGain Releases 1st Quarter 2011 Pennsylvania Home Values Survey Results

Forty-five percent of Pennsylvania real estate professionals expect home prices to fall over the next six months;forty five percent expect them to stay the same

Last month, HomeGain, one of the first companies to provide free instant home valuations online, released the results of our first quarter 2011 nationwide home values survey of over 750 HomeGain current and former members and 1600 home owners. The survey asked their opinions on home prices and what they thought of President Obama’s performance as President. On this real estate blog we published the 1st quarter 2011 national results as well as the complete 1st quarter 2011 regional results, including commentary from real estate agents and brokers.Earlier this month we released the  California 1st quarter 2011 home values survey data and the Florida 1st quarter 2011 home values survey data, the 1st quarter 2011 Texas home prices survey data , the 1st quarter 2011 New York home prices survey data, the first quarter 2011 New Jersey home values survey data, the Illinois first quarter 2011 home values survey dataVirginia first quarter 2011 home prices survey data the North Carolina first quarter 2011 home values survey data, the Massachusetts first quarter 2011 home values survey data, the Arizona first quarter 2011 home prices survey data, the Georgia first quarter 2011 home values survey data and the Colorado 1st quarter 2011 home values survey data.

pennsylvania-liberty-bell

Today we are releasing the Pennsylvania home prices survey.

Set forth below is the first quarter 2011 real estate professional and home owner Pennsylvania home prices survey data along with the fourth  quarter 2010 real estate professional survey data and the first quarter 2011 national home prices survey data: (click 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?

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Posted by: Louis Cammarosano on May 20th, 2011 under Home Prices, Home Values, Home Values Surveys, HomeGain, Polls, Regional

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HomeGain Identifies Real Estate Agents’ Top Marketing Practices and Preferences

Recent HomeGain surveys reveal the top marketing practices and preferences of real estate professionals in 2010- 2011; Referrals ranked number one; Real estate professionals preferred marketing via open houses and postcards/mailings vs. social media; blogging as a marketing preference wanes.

Emeryville, CA – May 19, 2011 – HomeGain®, a leading website that connects real estate agents with home buyers and sellers, today announced the results of its Real Estate Professionals Marketing Practices and Preferences survey, reflecting the cumulative data from HomeGain’s May and August 2010, and April 2011 surveys.

Based on responses from over 700 real estate agents and brokers nationwide, referrals ranked the number one marketing preference among real estate professionals for acquiring new clients, with a cumulative overall score of 8.7 out of a possible 10 for effectiveness. Referrals also ranked number one in the February 2010 HomeGain Real Estate Professionals Marketing Practices and Preferences Surveys.

Leads from brokers and events (including open houses) ranked second and third, respectively, as most effective marketing strategies, replacing featured listings and email campaigns as indicated in the February 2010 HomeGain survey.

Postcards and mailers were bumped down from fourth in the February 2010 survey to sixth. Print ads fell from 10th in the February survey to 11th.
The most recent results show a substantial decline in agents’ marketing preferences for blogging (moving from fifth to thirteenth since February 2010), as well as a slight decrease in preference for social media.

“It comes as no surprise that real estate professionals once again noted that referrals are the most effective and most preferred form of marketing” said Louis Cammarosano, General Manager of HomeGain. “It is surprising, however, that social media and blogging as marketing strategies lost some favor with real estate professionals over the past year.”

Top Effective Marketing Strategies for Real Estate Professionals:
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Posted by: Louis Cammarosano on May 18th, 2011 under Best Practices, Blogging and Social Networking, HomeGain, HomeGain Surveys, Twitter

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HomeGain Releases 1st Quarter 2011 Colorado Home Values Survey Results

Nearly 80% of Colorado real estate professionals expect home prices to decrease over the next six months

Last month, HomeGain, one of  the first companies to provide free instant home valuations online, released the results of our first quarter 2011 nationwide home values survey of over 750 HomeGain current and former members and 1600 home owners. The survey asked their opinions on home prices and what they thought of President Obama’s performance as President. On this real estate blog we published the 1st quarter 2011 national results as well as the complete 1st quarter 2011 regional results, including commentary from real estate agents and brokers.Earlier this month we released the  California 1st quarter 2011 home values survey data and the Florida 1st quarter 2011 home values survey data, the 1st quarter 2011 Texas home prices survey data , the 1st quarter 2011 New York home prices survey data, the first quarter 2011 New Jersey home values survey data, the Illinois first quarter 2011 home values survey dataVirginia first quarter 2011 home prices survey data the North Carolina first quarter 2011 home values survey data, the Massachusetts first quarter 2011 home values survey data, the Arizona first quarter 2011 home prices survey data and the Georgia first quarter 2011 home values survey data. In the coming days we will be releasing home values survey data from  Ohio, Washington, Nevada, Pennsylvania and other states.

colorado_with_border

Today we are releasing the Colorado home prices survey results.

Set forth below is the first quarter 2011 real estate professional and home owner Colorado home prices survey data along with the fourth  quarter 2010 real estate professional survey data and the first quarter 2011 national home prices survey data: (click 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?

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Posted by: Louis Cammarosano on May 14th, 2011 under Home Prices, Home Values, Home Values Surveys, HomeGain, Polls, Regional

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HomeGain Releases 1st Quarter 2011 Georgia Home Values Survey Results

Sixty percent of Georgia Real Estate Professionals Expect Home Values to stay the same over the Next Six Months

Last month, HomeGain, one of the first companies to provide free instant home valuations online, released the results of our first quarter 2011 nationwide home values survey of over 750 HomeGain current and former members and 1600 home owners. The survey asked their opinions on home prices and what they thought of President Obama’s performance as President. On this real estate blog we published the 1st quarter 2011 national results as well as the complete 1st quarter 2011 regional results, including commentary from real estate agents and brokers.Earlier this month we released the  California 1st quarter 2011 home values survey data and the Florida 1st quarter 2011 home values survey data, the 1st quarter 2011 Texas home prices survey data , the 1st quarter 2011 New York home prices survey data, the first quarter 2011 New Jersey home values survey data, the Illinois first quarter 2011 home values survey dataVirginia first quarter 2011 home prices survey data the North Carolina first quarter 2011 home values survey data, the Massachusetts first quarter 2011 home values survey data and the Arizona first quarter 2011 home prices survey data. In the coming days we will be releasing home values survey data from  Colorado, Nevada, Pennsylvania and other states.

Today we are releasing the results of the first quarter 2011 Georgia home prices survey.

Set forth below is the first quarter 2011 real estate professional and home owner  Georgia home prices survey data along with the fourth  quarter 2010 real estate professional survey data and the first quarter 2011 national home prices survey data: (click 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?

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Posted by: Louis Cammarosano on May 14th, 2011 under Home Prices, Home Values, Home Values Surveys, HomeGain, Polls, Regional

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