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40% Or More Of Homes Sold Are Foreclosures Or Distressed Properties!
2008-08-28 02:27:00 While actual home sales may have had a modest gain this past month, the gain was bittersweet as it is attributed to the declining prices in many markets across the USA. At least a 40% or more of the homes sold nationally last month involved foreclosed homes snapped up at bargain-basement prices ...
National Association of Realtors--New Comments on the Market
2008-06-10 02:51:00 National Association of Realtors Comments on the Housing Market It's not always bad news, friends! Today the National Association of Realtors posted a press release regarding national housing trends along with some predictions. Remember, all real estate is local and as a seller/buyer, you need to be in tune with your particular area. Still, some highlights worth mentioning: Interest rates are steadily inching upwards. Predicting a rate of 6.3% for a 30 year fixed loan by end of year. The affordability index is up. More buyers are realising that now is the time to take advantage of the slower market that is pushing prices down. New home sales are still very slow. The rising cost of construction materials--and the higher costs to transport them--keep this market slower than resale. Consumer confidence has a lot to do with homebuying. I remember the last presidential election year--buyers were skittish, sellers sensed uncertain...
Realtors Getting Kicked When They?re Down
2008-06-06 04:02:00 These days, I may not be so happy, after all After all that I have gained I still feel sad when I?m all alone I may have felt that path? Decay? I may not be so swift, after all All the chances you have given me I just let you go -The Rentals, ?These Days? (1995) As if the times weren’t tough enough ...
By: Boom2Bust.com
FLASH: National Association of REALTORS reports home prices fall by biggest
2008-05-13 17:13:00 Seriously, NAR, enough is enough. You have zero credibility. And every time you have Yun paraded out to spew more bullsh*t, you just look stupid. Even more stupid than you looked the day before.PEOPLE OF AMERICA - DO NOT TRUST THE NAR OR ANY REALTOR ON COMMISSION. THEY ARE ENEMIES OF THE AMERICAN PEOPLE, AND SHOULD BE AVOIDED AT ALL COSTS. Home Prices Post Steepest Drop in 26 YearsSingle-family home prices dropped 7.7% in the first quarter in the largest year-over-year decline since the National Association of Realtors began reporting prices in 1982Lawrence Yun, the chief economist of NAR, attributed much of the record decline to liquidity problems dragging down high-priced markets."These are highly unusual results because there were very few jumbo loan originations in the latest quarter," he said. "So sales are much slower in high-cost areas."
By: Housing PANIC
National Association of Realtors
2008-05-07 16:01:00 Released data today suggesting that the mortgage market is still holding home sales back, with drops year over year still very signifigant.They also projected a 2.4% drop in real estate prices nationally.Remember that this is a national statistic, and that Northwest Indiana has not seen price reductions, merely a reduction in volume of sales.
By: Synergy Thoughts
The National Association Of Realtors Announces That The Typewriter Is State
2008-04-25 16:35:00 The NAR has launched a new website called Realtor Confidential. This site is ”designed to educate our membership about technology-related topics and investigate how NAR can best use Web-based technology to communicate with members”. … [visit site to read more] Advertisement: Buy Properties 30-50% Below Value Banks don’t want to own real estate. Earn huge profits ...SHARETHIS.addEntry({ title: "The National Association Of Realtors Announces That The Typewriter Is State Of The Art Technology", url: "http://www.realestateradiousa.-com/blog/2008/04/25/the-nationa-l-association-of-realtors-annou-nces-that-the-typewriter-is-sta-te-of-the-art-technology/" });
Housing Spindoctors
2008-04-24 19:50:00 This morning I came across an interesting post on the New Jersey Real Estate Report blog (hat tip The Mess That Greenspan Made). In ?Tracking Realtor Spin,? a chart depicting existing homes sales is paired with comments made by the National Association of Realtors. From reading these, you?d think it?s always a great ...
By: Boom2Bust.com
Exisiting home sales bottom still elusive
2008-04-22 22:12:00 NAR released their March 2008 report and the picture is still not very pretty. Resale homes continued to drop and now stand at 19.3 percent off of March 2007 numbers. In addition, the media resale home price continued it?s spiral and fell another 7.7 percent compared to the same month in 2007. The median price in ...
National Association Of Realtors Reports 2.9% Increase In Existing Home Sal
2008-03-26 00:00:00 Today, the National Association of Realtors (NAR) reported that sales of existing homes increased in February, offering a ray of hope to the besieged residential market. NAR Chief Economist Lawrence Yun commented on the data, saying "the latest reading on home sales further confirms stabilizing trends." February saw existing home sales increase ...
Home Resales Rose 2.9%
2008-03-24 17:29:00 NAR (National Association Of Realtors) just released existing home sale numbers and for the first time in 7 months the number climbed 2.9% Sales for the year were down 24% from February 2007. Nationally the median home price was $195,000 in February down 8.2% from 213,500 in February 2007. Read the entire report here. You have to ...
By: The Cincy Blog
The National Association Of Realtors Is A Cult!
2008-02-10 00:00:00 The National Association of Realtors seems, for all intents and purposes, to be a cult! How else would you explain the erratic, non-sensical behavior and statements that are generated by this organization.
National Association of Realtors Report
2008-01-28 16:39:00 According to the National Association of Realtors, (NAR) the final number of existing homes sold for 2007, including condos, single family houses and co-ops, came in at 5.652 million units. That’s compared to 6.478 million units sold in 2006.
Kevin Boer At Inman NYC 08 Is Proof-Your Blog Can Be Your Brand
2008-01-27 21:43:00 Kevin Boer At Inman NYC 08 Proof-Your Blog Can Be Your Brand-It Can be Bigger than the Company you work for! BrokerIPTV: I am with Kevin Boer, he is with three oceans real-estate blog and we just sat through the...
Mark Lesswing - "Information Free Radicals" Theory at Inman Connect NYC 200
2008-01-27 17:38:00 Mark Lesswing and the "Information Free Radicals" Theory at Inman Connect NYC 2008 BrokerIPTV: I am with Mark Lesswing, he is the CTO for the National Association of Realtors, and we ar at Inman connect 2008, New York city, and...
Debunking A Housing Myth
2008-01-24 22:19:00 One myth consistently heard during the recently-deceased housing boom was that ?home prices always go up.? Utter nonsense. Earlier today, the National Association of Realtors reported that the median price of an existing single-family home fell 1.8% for all of 2007, the first time in the 40-year history of the survey. MarketWatch added, ?Although no ...
By: Boom2Bust.com
Metro Broker's Kay Watson Defines "Visitability"
2008-01-23 17:28:00 BrokersIPTV : Today, we are talking with Metro Brokers Kay Watson and Kay thanks for being with us, nice to have you here. One of the reasons we want to talk with you is, you do a tremendous amount of...
Metro Broker's Kay Watson -NAR Protects Realtor Privileges
2008-01-23 16:58:00 Metro Broker's Kay Watson -NAR Protects Realtor Privileges BrokerIPTV : We are talking with Kay Watson today from Metro Brokers and Kay we love always talking with you. You have got so much going on in your involved with so...
National Association of Realtors (NAR) issues an exemption letter to the Se
2008-01-20 17:19:00 Since 2002, when the IRS issued official guidance in Revenue Procedure 2002-22 on how Tenant In Common investments would qualify for replacement property under Section 1031, the TIC Industry has exploded into a multi-billion dollar a year business. However, ever since 2002, the vast majority of TIC investments have been sold through the securities industry by licensed securities representatives and broker-dealers, not though the traditional means of licensed real estate professionals. Needless to say since 2002, the National Association of Realtors (NAR) and the real estate community has felt left out on these transactions and on October 11, 2007, NAR issued an exemption letter to the SEC on behalf of it’s 1.3 million members. This exemption request to the SEC would grant commercial real estate professionals with “substantial experience” in commercial real estate transactions, exemption from broker-dealer registration requirements of Section 15(a)(1) of the Securities Exchange...
National Association of Realtors Is Ramping Up the Baloney In 2008
2008-01-08 08:01:00 A big hat tip to "Tobby" for letting us in on the National Association of Realtors [NAR] latest propaganda, I mean "promotional campaign." You can see all of the full-size print ads here, but I thought I’d share some of my personal favorites: [Text will be displayed below the ads [blue comments are mine] - ...
By: HousingDoom
Pick the new HP name for the National Association of REALTORS (NAR)
2008-01-02 17:23:00 1) National Association of Used House Salesmen (NAUHS)2) National Association of Homedebtor Entrapment Officers (NAHEO)3) National Association of Liars, Conmen and Thieves (NALCT)4) National Association of Failures and Life's Losers (NAFLL)5) National Association of Six Percenters (NASP)6) National Association of Ramen Eaters (NARE)7) ?????
By: Housing PANIC
National Association of REALTORS Code of Ethics & True Picture with PDA
2007-12-31 19:52:00 Article 12 affects your PDA's signatureWhile you program your PDA signature, you can get in the mood for 2008 with youtube New Year celebration.The Code requires REALTORS to present a true picture in the advertising, marketing and other representations to the public and that communications are labeled from a real estate professional. So you will want to change your Treo which comes programmed to say "sent with wireless" to Yours Truly, Associate Broker. The Professional Standards Committee added two Standards of Practice 12-2 and 12-3 and posted a case interpretation on REALTOR.org in the Law and Policy section. You can read more in the Juanuary 2008 REALTOR.org Magazine page 16.The problem for me will be when I have to perform a reset, I will have to remember about a thousand things to get the phone on track. Oh the joy of technology. More on technology in upcoming podcasts. http://www.talkrealty.com/kathy-toth/subscribe.aspx. Blessings in 2008 Â
The National Association of REALTORS gets optimistic
2007-12-11 23:17:00 The National Association of REALTORS issued a press release yesterday, and according to them, things don't look so bad. Most people associated with the real estate industry know that the NAR is usually more optimistic than the media, which rarely has anything positive to say about anything, so you should take that into consideration before reading the release. Any association made up of REALTORS will obviously have an interest in talking up the business of its members. You can't blame them, but it does shed a different light on why they say what they do. Also keep in mind that these are projections, not guarantees. That said, the NAR says that existing home sales will actually trend upward in 2008. They admit that the Pending Home Sales Index still shows lower numbers than last year at this time, but that it's inching upward. New home sales don't look as promising, and the NAR projects that recovery won't start until 2009. Even so, that's sooner than some people are pro...
Optimism for National Association of Realtors in 2008
2007-12-10 21:21:00 Optimism for National Association of Realtors in 2008
When will the National Association of Realtors and their army of 6%'ers be
2007-11-19 12:21:00 I know "never" is the likely answer, seeing that the NAR is one of the biggest contributors to our corrupted Congress, but I think the Great Housing Crash is going to cause such a populist stink in 2008 that even politicians who've accepted the NAR's dirty money will turn on them in order to keep their jobs. And watch for the Presidential candidates to really start honing in on the housing crash and the NAR as an issue, especially Ron Paul and John Edwards.I'd like to see one realtor, just one, write a mea-culpa, and apologize for the damage that commission-hungry realtors inflicted on their fellow Americans these past few years. Just one realtor with a conscience, just one realtor with a soul.For HP's realtor readers, this is your chance. Make a name for yourself in the industry. Turn on the monkeys at the NAR. Stand up. Do the right thing. And come clean here.
By: Housing PANIC
National Association of Realtors details 10 Year Plan
2007-11-13 06:30:00 NAR’s CEO Dale Stinton was recently interviewed by Inman TV and had some interesting points on NAR’s future and what that would entail for both Realtors (Trusted Advisers) and consumers. Areas covered included: Articulating the Realtors Value Technology changed perception Role for NAR Is NAR the right choice for Realtors Realtor of the future An area of hot dispute regarding NAR’s ...
DOJ going after National Association of Realtors for Antitrust
2007-10-21 18:35:00 I personally love Realtors. OK, maybe I don't "love" them but they do a lot of the work I don't want to when it comes to finding a particular property and they can be worth their weight in gold. There are a few I couldn't live without and, unfortunately, a lot I hope to never hear from again. I have to agree that the traditional fee for services is in need of a serious revamping. Dealing with Realtors daily I know first hand why they are considered probably the most dishonest profession out there today which is unfortunate because there are a lot of outstanding and dedicated Realtors who take their job and clients needs seriously. In a field such as this it is often true that one bad apple ruins the whole bunch. With the low barrier of entry there seems to be to many bad apples and not enough good. While this antitrust suit isn't strictly about the incompetence of to many Realtor's, NAR has to realize that raising the standards for entry into the field would only benefit...
DOJ sues the corrupt and monkey-run National Association of realtors for an
2007-10-21 15:01:00 I wonder if the buggy whip makers had an association too?I guess the NAR can't buy off everyone. Just Congress, your local goverments, and the Bush Administration. Here's the anti-trust complaint (pdf). I'm truly amazed to see the DOJ go after the NAR. Government doing its job? Amazing. Someone deserves a raise.And here's the DOJ's new anti-NAR website. Enjoy! The days of realtors and their 6% are over, and the least respected and least trusted profession on earth is on its way out, whether they realize that or not.Buggy whip salesmen. Travel agents. Dinosaurs. realtors.
By: Housing PANIC
National Association of Realtors Forecast
2007-10-10 09:45:00 The summer has been tough – historically high temperatures in many parts of the country, Midwest floods, and almost everywhere major airline flight delays. Housing didn’t have such a great summer either, with home sales and price appreciation still waiting to recover. The subprime mortgage mess didn’t help either. So everyone wants to know: now that the summer is over, when can we expect the housing sector to get back to normal? There’s actually a sequence of events we should look for that need to happen before housing is back on track, and as each of these occurs, the closer the housing recovery will be. Let’s take a look at them. Mortgage Rates Will Stablize Favorably Despite the headline news coverage of turmoil in the mortgage market, mortgage rates have actually been falling for borrowers who take out prime conforming loans. Because these borrowers account for the majority of home buyers, affordability conditions for most buyers have improved. FHA loans – the trad...
Reason Number 4,761 the National Association of Realtors is Useless
2007-10-03 19:03:00 We pay dues but do the members even matter anymore? At San Francisco’s Inman Conference, we learned that our money’s being spent on junkets for the higher-ups to appear and make us look foolish. In Minnesota, the head of the local association actively is urging people to get out of the real estate business because there ...
Has the monkey-run Pravda-like National Association of REALTORS(R) complete
2007-09-28 09:45:00 More Jim Cramer on CNBC yesterday, commenting on the monkey-run NAR asking for a "correction" to his report on the Today Show that if you bought a home today you'd lose money:"Well that's a good organization (the NAR). You know what they remind me of, that organization that wants a correction (from me)? Pravda when they covered the Kremlin. Occasionally there were disputes. But typically Pravda took the Kremlin line. Occasionally someone got out of line, I didn't see it.""They've got the whole Denny's Grand Slam on their face. They've got the four-stack""The National Association of Realtors is saying now's a good time to buy. That's interesting, cause I think they've said that for, how many year's have they been in existence?"
By: Housing PANIC
Solid Fundamentals Support Commercial Real Estate
2007-09-18 18:37:00 Solid Fundamentals Support Commercial Real Estate Most commercial real estate markets are enjoying relatively low vacancy rates and healthy rent growth from a fundamentally sound economy, according to the latest COMMERCIAL REAL ESTATE OUTLOOK of the National Association of Realtors(R). (...)
Mortgage Problems to Dampen Home Sales in the Short Term
2007-09-11 16:33:00 WASHINGTON, Sept. (...)
NAR President Issues Statement on Bush?s Proposed FHA Changes
2007-08-31 18:33:00 NAR President Issues Statement on Bush’s Proposed FHA Changes WASHINGTON, Aug. 31 /PRNewswire-USNewswire/ — Pat V. (...)
The monkey-run National Association of Realtors STILL has their anti-bubble
2007-08-20 08:15:00 Monkeys I tell ya. The NAR is run by monkeys...NAR Anti-Bubble Q&A:Since 1968, the national median existing-home price has increased an average of 6.4 percent per yearMost metropolitan areas, especially in the Midwest and South, have not experienced price declines in the era of modern recordkeepingShould we be concerned that home prices are rising faster than family income?No. There are three components to housing affordability: home prices, income, and financing costs ? the latter are historically low.Overall housing affordability remains favorable in historic terms.There is virtually no risk of a national housing price bubbleIt is possible for local bubbles to surface under the right circumstances, but that also is unlikely in the current environmentThe strong underlying demand for homes results from the simple fact that the population is growing faster than the supply of homesBaby boomers remain in their peak earning years. Echo boomers ? the children of the baby boom generat...
By: Housing PANIC
Tampa Real Estate Update-from National Association of Realtors.
2007-08-16 00:40:00 Hi Everyone,Here's yet another report. This is from our local Tampa Board of Realtors. I haven't had a chance to look at it yet but wanted to get it out for those of you who saw the Zillow report the other day. I'm sure they are different. These transactions only take into account closings that were handled by a Realtor. Any FSBO's will not be listed here.This report will be produced on a quarterly basis and provides comprehensive information on the state of the market in our area. The second edition of this report has just been received and is now available to you as a benefit of your membership with the Greater Tampa Association of REALTORS®. You may download and view the report by going to: http://www.gtar.org/members/rep-orts/gtarq2-07.pdfLooking to buy or sell? Let us help you!Sincerely,Rae Catanese and Michelle JordanPrudential Tropical Realty813-695-5677 or emailTo receive more articles like this one subscribe to our Blog!Enter your Email AddressPowered by FeedBlitzTAMPA B...
Realization Of Selling Your Home Yourself
2007-07-28 06:12:00 Selling your own home can be a big money-saver and you'd better do your homework. A little luck doesn't hurt, either. Sandra Hughes reports.
National Association of Realtors Asking FHA to Lower Lending Standards
2007-07-19 20:16:00 Yesterday, leaders of the National Association of Realtors were in front of the Senate Banking Committee asking them to change the criteria for Federal Housing Administration loans. Instead of maintaining the basic standards for new borrowers, the NAR is asking them to lower them. To me this seems like an act of desperation and foolish to ...
Housing To Bounce Back In 2008 Says National Association of Realtors
2007-07-13 15:09:00 Interview with Lawrence Yun of National Association of Realtors - housing to bounce back late 4th quarter and 2008
Unsold Homes Highest In 15 Years
2007-06-26 18:30:00 Play Video AP Money Minute: Zoellick, Home Sales, More Associated Press - (APTN) Jun. 25, 2007. (...)
FLASH: The Corrupt David Lereah and National Association of Realtors' lies
2007-05-06 20:42:00 Sunny Lereah now predicts a housing recession, hints that the NAR pressured him to lie, and now states that real estate clerks pushed the market to stray from the fundamentals and will now pay the price. Yup, for the first time ever, that appears to be the truth from TCDL.In the end, I don't think someone so corrupt and so evil as TCDL can ever be redeemed - the damage he and the NAR caused is immense, and lives have been destroyed, but he's welcome to give it a shot. If he wants redemption, only the complete and total downfall of the NAR is acceptable.Thanks twist for the lead. And nice to see the lazy Sun-Times FINALLY do some damned reporting for a change, versus rip and read from NAR press releases. Too bad it's too late though.Housing cheers turn gloomyLong criticized as too upbeat, Realtors' departing economist now sees recessionOn his way out the door, the housing industry's self-described "cheerleader" is making one last economic forecast -- a sober one at that."We're ...
By: Housing PANIC
The National Association of Realtors- What a Difference a Week Makes!
2007-04-13 09:01:00 Last week for Op-Ed Friday, I posted a graph of the NAR’s predictions for home price appreciation through the second quarter of 2008. The graph looked like this: This week however, the NAR came out with a different set of predictions, and the graph looks like this: [I can’t find the data for last weeks chart ...
By: HousingDoom
National Association of Realtors Chief Economist Resigns
2007-04-02 00:38:00 Bubble bloggers everywhere rejoice as their lightning rod David Lereah, Chief Economist for the National Association of Realtors resigned today. "I'm leaving to spend more time with my family," he is quoted as saying. Pat Verdevoogd Combs, President of the National Association of Realtors announced in her press release, "We appreciate the service and dedication ...
National Association of REALTORS Annual Convention
2007-02-07 05:32:02 Paul, Jessica and Jay attended the National Association of REALTORS annual convention in New Orleans that was held November 9-13, 2006. Almost 20,000 REALTORS from around the world attended this conference and expo. There were so many things going...the General Session had the guest speakers of the former Presidents George H.W. Bush and Bill Clinton. It was standing room only, so we didn't get as many pics (or videos) as we had wanted. But the session was still very good. We visited the tradeshow floor and took many pictures of the different exhibitors and such. If you want to find out more about the trip and the things that were seen, e-mail us at: 417Dwellings@gmail.com. Let's just 2007 is going to be an awesome year!
By: 417 Dwellings!
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