Posts Tagged ‘ HomeGain Advisors ’

HomeGain Advisors’ April 2010 Insight

HomeGain Advisors Group – April 2010 Conference Call Recap

The HomeGain Advisors met for their quarterly meeting last week on Thursday, April 22nd. The Advisors represent top real estate agents across the country who provide insight into HomeGain products and services, market trends and Realtor behavior.hg_adv_grp2010

We had several interesting discussions with our Advisors Group last week that are worth sharing with our Blog readers — about market conditions, overcoming issues created by appraisers, and whether there may be implications from either terminating or extending the first time buyer tax credit .

Market Conditions

Agent Advisors in Massachusetts and Maryland reported that the market (and business) is good. Maryland foreclosures and short sales are drying up. Colorado is seeing an uptick — although there are still a lot of foreclosures, there are less short sales.

Arizona and Florida real estate agents reported the market continues to decline, with lots of foreclosures and people still defaulting. In Florida, it was reported the real estate market has 40% short sales — and one agent commented that he had only 4,968 listings vs. over 8,000 at the same time in previous years.

Appraiser Issues Continue reading this post

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Posted by: Peter McCullough on April 30th, 2010 under HomeGain

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HomeGain Advisors’ January 2010 Insight

HomeGain Advisors Group – January 2010 Conference Call

The HomeGain Advisors met for their quarterly meeting last week on Thursday, January 21st. The Advisors represent top real estate agents across the country who provide insight into HomeGain products and services, market trends and Realtor behavior.hg_adv_grp2010

We had several interesting discussions with our Advisors board last week that are worth sharing with our Blog readers — about home buyer tax credit, appraisals, forced registrations.

Home Buyer Tax Credit

Firstly, HomeGain Advisors in all regions of the country expressed hesitation in terms of how effective the first time buyer tax incentive is currently. In previous calls, many mentioned that most of their business was coming from buyers who mentioned that their motivation to purchase was based on the tax incentive.

In a call prior to the positive comments, they had expressed doubt about how effective the tax incentive was going to be. Clearly, there has been some change. They are attributing the current lack of impetus to the fact that many consumers are still not aware of the incentives and they were doubtful that the April 30 deadline would be extended.

Appraisals

A couple of Advisors spoke about the difficulties they had closing deals due to problems with appraisals. Continue reading this post

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Posted by: Peter McCullough on January 25th, 2010 under HomeGain Market Data

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HomeGain Agent Advisors Give Sign of Improving Market

The HomeGain Advisors met for their quarterly meeting on Thursday, July 23. The Advisors represent real estate agents across the country and provide insight into HomeGain products and services, market trendshomegain-advisors-09 and Realtor behavior.

In line with a recent HomeGain poll in which 75 percent of respondents said their markets were speeding up, the majority of the Agent Advisors said that business has increased in the recent months.

The majority of Advisors reported that a good deal of their business can be attributed to the $8000 tax incentive offered by the federal government to first time home buyers.

One Advisor in Florida stated that 60 percent his real estate business was first time home buyers. He indicated that he believed the tax incentive had motivated them to purchase a home. Advisors in Chicago and Maryland echoed this statement, while an Advisor in the Scottsdale and Phoenix areas of Arizona estimated a larger amount at 75 percent and an Advisor in Texas reported about 50 percent. Continue reading this post

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Posted by: Peter McCullough on August 10th, 2009 under HomeGain

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Change in Realtor View on the Real Estate Market – First Half 2009

Last month the HomeGain Advisors met for its quarterly teleconference. We have met with our team of Realtor Advisors for the last two years and it has been valuable listening to how Realtor behavior, trends and perspectives change with the market.

Throughout the majority of 2008 and the first quarter of this year there seemed to be a similar somber tone from our Advisors. In January, our Advisors agreed that home prices and home sales were down, that foreclosures were rampant, and that things were difficult. By the end of April 2009, things seemed to have changed dramatically!

Overall Q2 Market Activity

HomeGain Advisors in the Northeast, West and South have indicated that they have become busier than ever been this second quarter (for the first time since early last year). Mid-West, particularly the Chicago real estate market , is reported to still be slow. It’s reported that the Massachusetts real estate market seems to have stabilized. In Georgia, although one agent’s business is bustling, the MLS itself is not busy.

This does raise some questions in terms of the cause of the increased activity. It is still a strong buyer’s market nationwide and interest rates are low.

What impact has Obama’s $8,000 tax incentive had on your business? Continue reading this post

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Posted by: Peter McCullough on May 11th, 2009 under Home Prices, Home Values, Polls

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Uncertain Times Pending the Presidential Election

The HomeGain Advisors Group met last Thursday for its 4th quarter Web conference. The Advisors Group is comprised of real estate agents and brokers from across the country, many of whom have partnered with HomeGain since 1999.

 

The overall consensus of the Advisors during the discussion is that these are undoubtedly very uncertain times, and the majority of them don’t expect any change in the pace of real estate sales until the 2008 presidential election is over.

 

In fact, the current thinking is it doesn’t seem to matter which way the election will go.  What matters is that it just needs to happen and we need to get it behind us and move on.

 

When asked by HomeGain General Manager Louis Cammarosano what effect the election is having on the real estate market, Mike Kollar, who works in the Seattle, WA, area, said, “my mantra is we need this election to be over”. In his opinion, it’s not unusual for an election to cause such uncertainty in a market.

 

Bill Eiseman in Virginia Beach, VA, chimed in, saying, “I see a lot of people just waiting it out.  I prospect on the phone and people are waiting to see what will happen after the election and the 1st of the year. The mindset is 2009 is going to be better!”

 

The sense of most of the Advisors is that both home buyers and sellers are sitting on the sidelines, even more now so since the stock market mess became the big story three to four weeks ago.

 

The Advisors continue to be optimistic despite the turbulent economic times. Continue reading this post

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Posted by: Peggy Boehm on October 27th, 2008 under HomeGain

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HomeGain Reviews 2007 Accomplishments; Names Gorilla Mascot

We held our first all hands meeting of the year earlier this week at the Hilton Garden Inn in Emeryville.

Boost Buyer Traffic

We reviewed our 2007 accomplishments that included:

  • Completion of yet another profitable year, achieving greater net income than in 2006
  • Continued to attract an average of more than 4 million unique visitors a month, placing HomeGain in the top 5 most visited real estate web sites, according to ComScore and Hitwise
  • Launch of online ordering for BuyerLink
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Posted by: Louis Cammarosano on January 23rd, 2008 under HomeGain, Max

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