RE/MAX Lakeside sells Lake Arrowhead Real Estate

Posts Tagged ‘Lake Arrowhead foreclosure’

Harvard study finds job growth key to housing recovery

RE/MAX Lakeside Lake Arrowhead Real Estate

According to the State of the Nation’s Housing report released by the Joint Center for Housing Studies of Harvard University, Improved affordability for first-time buyers and government incentives led to increases in sales of existing homes last year.  The study also found a record number of foreclosures continues to add pressure to the housing market and millions of homeowners. Despite some positive signs early in the spring-buying season this year, housing continues to face significant challenges, according to the study.  “Many factors still are weighing heavily on the market,” said Nicolas P. Retsinas, director of the Center. “Elevated vacancy rates, record foreclosures, the expiration of the home buyer tax credit, and continued high unemployment all are causes for concern.” If history is a guide, what happens with jobs will matter the most to the strength of the housing rebound,” said Eric S. Belsky, executive director of the Joint Center for Housing Studies. ”Right now, economists expect the unemployment rate to stay high, but if employment growth surprises on the upside or downside, housing numbers could too.”

For more information go to: JOINT CENTER FOR HOUSING STUDIES.

RE/MAX Lakeside Lake Arrowhead Real Estate

California Association of Realtors reports; Mortgage delinquencies decline in April.

According to the California Association of Realtors, The number of delinquent mortgages loans-borrowers behind on their payments by 30 days or more, or who were in the foreclosure process-declined to 6.18 million in April compared with March, according to a report by Lender Processing Services.  Meanwhile, REO inventory rose 20.7 percent to 1.13 million units, a new high, compared with a year ago, according to the report. To learn More go to the LPS Mortgage Monitor.

RE/MAX Lakeside Lake Arrowhead is the OFFICIAL and  ONLY Lake Arrowhead Real Estate Agency with the advantages of the most aggressive advertising, promotion and recognizable brand in Real Estate history.

 Where Did The RE/MAX Ballon come from?

Admittedly, when RE/MAX began its relationship with hot air ballooning in 1978, the motivation was pretty straightforward: As a fledgling real estate network we needed a marketing image that would get noticed.

Just five years old at the time, RE/MAX already held more market share in Denver, the network’s birthplace, than any competitor. Word of mouth was spreading fast about the network of highly experienced real estate agents who were proving to be more experienced, productive and knowledgeable than anyone else on the scene.

But market studies showed that among consumers in general, name recognition of RE/MAX ranked well below many lesser competitors.

Meanwhile, in New Mexico, a few RE/MAX agents and their regional leaders dreamed up the idea of entering a red-over-white-over blue RE/MAX Balloon in the 1978 Albuquerque Hot Air Balloon Fiesta. The RE/MAX ground crew wore jackets with patches that read, “Above the Crowd! ®”, a phrase devised by an Affiliate. And as often is the case with hot air balloons, the RE/MAX Balloon really grabbed some attention. Plus, the imagery meshed perfectly with the RE/MAX network’s emphasis on innovation, freedom and leadership.

RE/MAX International executives in Denver enthusiastically adopted the balloon image as the corporate logo. Within a year, Colorado had its own RE/MAX Balloon, and featured it prominently in a local television campaign. Within four months, RE/MAX held top name recognition in the Denver market.

Besides highlighting promotional events, RE/MAX Balloons fly at all the major – and many minor – hot air balloon meets across North America. RE/MAX Balloon pilots introduce school classes to ballooning, and couples ask to be married in the balloon.

The average RE/MAX Balloon makes 65 appearances a year, each event averaging more than an hour, for a fleet total of about 6,400 hours of advertising – equal to nearly nine months of 24-hour flying.

The network’s major graphic symbol, the RE/MAX Hot Air Balloon image appears on “for sale” signs, bus benches, billboards, in print advertising and television commercials. Today, RE/MAX is one of the most recognized real estate brands and logos across the globe. And RE/MAX Lakeside in Lake Arrowhead is the Official RE/MAX of Lake Arrowhead and the surrounding communities.

The RE/MAX Web Site pulls in nearly 3 MILLION UNIQUE VISITORS MONTHLY. Patrons can search for residential or commercial listings in any of the nations served by RE/MAX. They can also connect directly to RE/MAX  agents Office’s like RE/MAX Lakeside Lake Arrowhead. It’s not just hype, RE/MAX sells more Real Estate Period. RE/MAX Lakeside Lake Arrowhead is the only Lake Arrowhead Real Estate agency with this exclusive marketing technology at there finger tips.

Nobody Sells more Real Estate than RE/MAX. Where Do YOU Want To Be?

Contact RE/MAX Lakeside Lake Arrowhead Today and let us show you how the RE/MAX brand can work for you.

27169 State HWY 189 Suite 1

Lake Arrowhead CA,  Blue Jay Village 92352

(909)337-9999 office

(909)336-9307 fax

Warning to all California Real Estate Agents from C.A.R! As a RE/MAX Lake Arrowhead agent who specializes in Lake Arrowhead Real Estate and Foreclosure properties I came across crucial  information via The C.A.R Newsline.  C.A.R Members have reported that numerous investor buyers are using an “As-Is Contract for Sale and Purchase” form which untruthfully claims to be approved by C.A.R. Even though C.A.R. has not reviewed or approved the form.

The “As-Is Contract for Sale and Purchase” form, referenced at the bottom as “FAR/BAR ASIS,” has been modeled after a purchase agreement approved by the Florida Association of REALTORS®. 

This standard form agreement has been used by Greenhills Financial Investment, LLC, among others.  C.A.R.’s Legal Dept. is vigilantly pursuing this matter, which includes issuing cease-and-desist letters against anyone using the form. C.A.R. has no business affiliation whatsoever with Greenhills Financial Investment or the form’s publisher.  C.A.R. currently has no standard form with the words, “As Is,” in the title.

REALTORS® who come across the form are encouraged to report the matter to C.A.R. by contacting our Strategic Defense Counsel, Nicole Briggs mailto: nicoleb@car.org 

According to the California Association of Realtors; California’s New Home Market Breaks into Positive territory

•· Survey finds most agents see home prices stabilizing

•· California new home sales rise 25%

•· Foreclosure activity declines 8% nationwide

Survey finds most agents see home prices stabilizing

According to the recent survey, Home Gain members said that 37 percent of home buyers believe that homes for sale are fairly priced or under priced compared with 36 percent in the third quarter. Conversely, 41 percent of homeowners think their homes should be listed 10 percent to 20 percent higher than what their agents recommend, up from 38 percent in the third quarter.

The first-time home buyer tax credit has helped drive sales, with 21 percent of respondents saying half of their transactions involved a first-time home buyer, with only 11 percent noting that none of their transactions involved a first-time home buyer.for more info

California new-home sales rise 25 percent
Sales in new-home communities of 10 units or more in California rose 25 percent in October compared with a year ago, according to the monthly California Building Industry Association (CBIA)/Hanley Wood Market Intelligence report. The increase marked the first year-to-year sales appreciation since December 2006, according to CBIA. Sales of single-family homes increased 4 percent, while sales of town homes and multiple-unit homes rose 36 percent. Condominium sales increased 94 percent compared with a year ago, according to the report.
“While this month’s figures are encouraging, we must keep in mind that we’re comparing the figures to October of 2008, which was the second lowest month of nominal sales we’ve seen during the downturn,” said Jonathan Dienhart, director of published research for Hanley Wood Market Intelligence. for more info

Foreclosure activity declines 8 percent nationwide

California posted the nation’s third highest foreclosure rate, with one in every 180 housing units receiving a foreclosure filing in November. Despite a 13-percent decrease in foreclosure activity from the previous month, California continued to post the highest total of any state, with 73,995 properties receiving a foreclosure filing in November. Foreclosures in California rose 22 percent from November 2008, but were down nearly 32 percent from a July peak of 108,104. November marked the fourth consecutive month that California foreclosure activity has declined on a month-over-month basis. for more info

RE/MAX Lakeside: YOUR CERTIFIED DISTRESSED PROPERTY EXPERTS!

Distressed properties exist in all market segments in all price points and in every state in the country. With foreclosures at an all time high and expected to get even higher there is no category of residential property that will not be affected.

The overwhelming challenge in the residential market will soon begin to affect the commercial property and as commercial becomes an issue more residential will be an issue. This spiral downward in property values will take time to play itself out at which point we will see stabilization in the market.

What is a distressed property?

1. Property that is or will soon be in some stage of the foreclosure process.

2. Property owned by a person or persons who are or are experiencing a period of financial instability.

3. Property of which the mortgages totals an amount higher than the current value and an owner must sell.

In 2006 there were a total of over 1.2 million foreclosure filings nationally, this equated 1 out of 92 households nationally and in California there were 1 out of 86 homes. In the first quarter of 2007 foreclosure activity was up 55% from 2006 with a total of 925,986 filings in only the first 6 months of the year.

If you fall into one of the categories above you need to contact RE/MAX Lakeside and speak with one of our CERTIFIED DISTRESS PROEPRTY EXPERTS today. We specialize in handling

Contact RE/MAX Lakeside at 909-337-9999 for more information about Distressed Properties.