According to a recent blog from REthink, Millennials focus heavily on social media, especially when it comes to real estate. The blog, called “an open letter from Millennials to the real estate industry,” focused on how to better connect with this generation. http://www.housingwire.com/articles/36665-rethink-millennials-are-frustrated-with-residential-real-estate ❤️ #share #mortgage
Thursday, March 31, 2016
Fannie Mae certifies eOriginal as an e#mortgage solutions provider
The #mortgage industry is going digital and Fannie Mae is following suit. In a new move, the GSE announced it named eOriginal as an e#mortgage technology solution provider, in an effort to bring greater transparency to the #mortgage process. http://www.housingwire.com/articles/36666-fannie-mae-certifies-eoriginal-as-an-emortgage-solutions-provider ❤️ #share #mortgage
Mason-McDuffie #mortgage fundraiser rescues San Francisco nuns' homeless program
Mason-McDuffie #mortgage created a GoFundMe account at the beginning of February after it heard of two San Francisco Bay Area nuns who were being threatened with eviction from the residence they use to feed the homeless due to a rent increase. They couldn’t have imagined the amount of support they would get, including help from one famous donor. http://www.housingwire.com/articles/36664-mason-mcduffie-mortgage-fundraiser-rescues-san-francisco-nuns-homeless-program ❤️ #share #mortgage
AIG plans to take #mortgage insurer United Guaranty public
Ceding to pressure from activist investors, American International Group plans to take its #mortgage insurer, United Guaranty, public later this year. AIG cites several reasons why the United Guaranty is poised to succeed in the future, including the “improving fundamentals of the housing market,” “favorable long-term demographic drivers,” and “higher credit quality of new #mortgage originations.” http://www.housingwire.com/articles/36663-aig-plans-to-take-mortgage-insurer-united-guaranty-public ❤️ #share #mortgage
Ten-X predicts an increase in March existing home sales
Ten-X forecasts that March will show improvement from the drop in February home sales. While the predictions show improvement for March, Tex-X claims the market still has a long way to go to catch up. http://www.housingwire.com/articles/36662-ten-x-predicts-an-increase-in-march-existing-home-sales ❤️ #share #mortgage
Freddie Mac: 2016 will be housing's best year in a decade
Inventory and affordability challenges will not prevent 2016 from having the best housing market since 2006, according to a forecast by Freddie Mac. While interest rates will remain low, housing starts, home prices and #mortgage originations are all set to increase. http://www.housingwire.com/articles/36661-freddie-mac-2016-will-be-housings-best-year-in-a-decade ❤️ #share #mortgage
Brooke Shields Asks $35K a Month for a Mansion With a Blue Lagoon
Nothing comes between Brooke Shields and her Los Angeles home - except renters willing to pay $35,000 a month.
Neighbors Jennifer Garner and Ben Affleck, who are divorcing but continue to live together, reportedly rented the place last year as a back-up property while theirs was being renovated.
Shields, meanwhile, spends most of her time in New York, leaving open her Swiss chalet-style mansion in the family-friendly enclave of Pacific Palisades. It’s plenty big for a family, with 5 bedrooms, 5.5 baths and multiple dining, lounging and television-watching areas.
Even the master bathroom has a large-screen television, along with a soaking tub and a fireplace with a fainting - or dressing - couch, depending on your mood.
The gated home measures a roomy 5,345 square feet but offers numerous cozy enclaves, from a television room with its own kitchenette and seating area to an open-style upstairs library and study with built-ins and exposed beam ceilings.
It boasts expansive decks on each level with treetop views, and a wooded yard with a Blue Lagoon-style pool.
The listing agent is Dan Urbach of Berkshire Hathaway HomeServices.
Related:
- Come On Get Happy About This Former Partridge Family Star’s Encino Estate
- Ashley Benson Lists Pretty Little Lair in the Hollywood Hills
- Whoever Bought Charlie Sheen’s Home in December Is Unloading It Already
from Zillow Porchlight | Real Estate News, Advice and Inspiration http://www.zillow.com/blog/brooke-shields-rents-mansion-194977/
These are the best places for Millennials to rent
RealtyTrac released a study today with interactive tables that portrays the best markets to rent to Millennials. Investors may want to check out these areas when deciding where to buy next. http://www.housingwire.com/articles/36660-these-are-the-best-places-for-millennials-to-rent ❤️ #share #mortgage
C2C Title Services acquired by ARMA Acquisition
ARMA Acquisition, an international investment group managing a portfolio of complementary service providers to the financial services, real estate and legal services industries, announced the acquisition of C2C Title Services, a nationwide provider of title information products and related services to the #mortgage, legal, financial and underwriter communities. http://www.housingwire.com/articles/36659-c2c-title-services-acquired-by-arma-acquisition ❤️ #share #mortgage
AMI to CFPB: Don't ignore investor concerns, TRID does cause issues
The initial shockwave from TRID is over, replacing fears and worries with solid evidence of what the new rule is doing to the industry, especially for #mortgage investors. The CFPB did touch on this investor issue last year, but it’s solution was to simply tell them they’re overreacting. It was not enough. http://www.housingwire.com/articles/36658-ami-to-cfpb-dont-ignore-investor-concerns-trid-does-cause-issues ❤️ #share #mortgage
SEC claims brothers targeted elderly with real estate Ponzi scheme
A pair of brothers promised “guaranteed monthly income” to senior citizens in exchange for investing in real estate, but instead of providing the approximately 30 “elderly and unsophisticated” investors with returns on their investments, Matthew and Daniel Rivera pocketed the investors’ money and used some it to pay back other investors. This is how the SEC claims it went down. http://www.housingwire.com/articles/36657-sec-claims-brothers-targeted-elderly-with-real-estate-ponzi-scheme ❤️ #share #mortgage
CMG Financial incorporates appraisals using Global DMS tech
By using the Global DMS eTrac platform, CMG Financial’s contacts to multiple AMCs will become centralized, thereby establishing a seamless workflow. Further, they say, the new tech will help ensure loan quality and compliance. http://www.housingwire.com/articles/36655-cmg-financial-incorporates-appraisals-using-global-dms-tech ❤️ #share #mortgage
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Hiking The Crimson Trail in Logan, Utah
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Idaho becomes latest state to adopt comprehensive AMC laws
Appraisal management companies that operate in the state of Idaho will soon have a wide-ranging set of regulations they are required to adhere to, thanks to new legislation that Gov. Butch Otter signed into law last week. http://www.housingwire.com/articles/36656-idaho-becomes-latest-state-to-adopt-comprehensive-amc-laws ❤️ #share #mortgage
Freddie Mac: #mortgage rates remain low, unchanged
For now, #mortgage rates remained stagnant and low for the week ending March 31. However, this could quickly change if the Fed’s cautious tone on raising interest rates persists. http://www.housingwire.com/articles/36654-freddie-mac-mortgage-rates-remain-low-unchanged ❤️ #share #mortgage
2016 Home Sales Doing Just Fine!!
Some of the housing headlines are causing concern for some consumers who are in the process of either buying or selling a home. Pundits are concerned over the lack of new construction or the month-over-month sales numbers. Let’s set the record straight; 2015 was a good year for residential real estate in the United States and 2016 is starting out stronger.
Here is a graph of total homes sold (new construction and existing homes) in the first two months in 2016 compared to last year:
Will this momentum continue?
If we look at foot traffic (the number of purchasers currently out looking at homes), we can see that the spring buying market has started early and all indicators point to the fact that we may have the best spring in over a decade.
Bottom Line
The 2016 housing market started out well and looks to be gaining steam. If you are thinking of buying or selling a home, now may be a great time. http://www.simplifyingthemarket.com/en/2016/03/31/2016-home-sales-doing-just-fine/?a=242769-4eb2112ad1caac540e99a63dd199d5ed ❤️ #share #mortgage
Survey: Most #homebuyers would prefer to purchase their home online
#homebuyers want to go digital. A new survey found that #homebuyers are willing to go online and handle more elements of the real estate process themselves in order to save time and money, and this trend is only expected to continue this year and beyond. http://www.housingwire.com/articles/36652-survey-most-homebuyers-would-prefer-to-purchase-their-home-online ❤️ #share #mortgage
Wednesday, March 30, 2016
These are the best and worst markets for buying rentals
RealtyTrac’s new report and interactive maps for the first quarter of 2016 show some of the best and worst markets. And judging by the study, some real estate investors might need to cast a wider geographic net. http://www.housingwire.com/articles/36651-new-report-shows-best-and-worst-markets-for-buying-rental-properties ❤️ #share #mortgage
Here are the 20 hottest housing markets exploding this spring
Barely ten days into spring and the housing market is already on fire. The good news is inventory is starting to pick up, and while it may be small, it’s much needed growth. This time around the hottest 20 housing market list has new meaning given the market as a whole is moving so fast, making these markets extra hot. http://www.housingwire.com/articles/36653-here-are-the-20-hottest-housing-markets-exploding-this-spring ❤️ #share #mortgage
Freddie Mac unveils 'game-changing' tools to boost #mortgage #lenders
Freddie Mac is set to unveil a suite of new tools providing #lenders with “actionable feedback” throughout the loan production process, thereby helping #lenders lend more often and with more confidence. “We think it’s going to a game-changer for the industry,” Chris Boyle, senior vice president and head of single-family sales & relationship management at Freddie Mac, told HousingWire in an interview. http://www.housingwire.com/articles/36649-freddie-mac-unveils-game-changing-tools-to-boost-mortgage-lenders ❤️ #share #mortgage
[Video] Massive sinkhole in Florida forces mobile home evacuation
The sinkhole problem (this is a real problem) in Florida isn’t going away. Actually it’s getting worse. Several residents were forced to evacuate their mobile homes after a new sinkhole opened up. Of course, this problem came as no surprise. http://www.housingwire.com/articles/36648-sinkhole-in-florida-forces-mobile-home-evacuation ❤️ #share #mortgage
Five Californians plead guilty to #mortgage modification scam
Five men indicted in October 2015 on illegal using US Treasury Seals and fake TARP information to deceive homeowners nationwide, all pled guilty and face up to 20 years in prison. Here’s how it all went down. http://www.housingwire.com/articles/36650-five-californians-plead-guilty-to-mortgage-modification-scam ❤️ #share #mortgage
Home prices improve while former homeowners continue to struggle
In a recent article from BloombergView, writer Mark Whitehouse shares why people are still reeling in from the 2000’s housing crisis. Do you agree with him? http://www.housingwire.com/articles/36647-home-prices-improve-while-former-homeowners-continue-to-struggle ❤️ #share #mortgage
Fannie Mae introduces loan option for clean energy homes
As the demand for solar power and energy efficiency rises, Fannie Mae announced their new #mortgage option for financing these options. The loan will give borrowers the ability to complete clean energy upgrades up to 15% the appraised value of the home. http://www.housingwire.com/articles/36646-fannie-mae-introduces-mortgage-option-for-financing-energy-and-water-efficiency ❤️ #share #mortgage
Appraisal volume recovers after a 'sour' end to winter
Appraisal volume finished the winter on the low note, with the 4-week moving average tumbling due to a drop in volume. This week redeemed that and set a strong pace for the spring. http://www.housingwire.com/articles/36645-appraisal-volume-recovers-after-a-sour-end-to-winter ❤️ #share #mortgage
America's real estate deemed safe for foreign investment
A recent press release points to U.S. real estate as particularly sound given the current overall uncertain climate globally. And while the release is short on solid data, the talking points bear reading. http://www.housingwire.com/articles/36644-americas-real-estate-deemed-safe-for-foreign-investment ❤️ #share #mortgage
March adds 200,000 jobs in slight decrease from February
The job market decreased slightly as recent job reports record a marginally drop in employment from February to March. But how deep is the impact on the #mortgage servicing community? http://www.housingwire.com/articles/36643-march-adds-200000-jobs-a-slight-decrease-from-february ❤️ #share #mortgage
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DocMagic officially launches total eClosing solution
DocMagic formally launched its total eClosing solution. The lending document provider claims eClosing will be simple to implement, delivering a full, paperless closing process. http://www.housingwire.com/articles/36642-docmagic-officially-launches-total-eclosing-solution ❤️ #share #mortgage
Affordable homes in Dallas? Good luck with that…
With an estimated 11,000 people moving to Dallas each month due to the booming job market, it’s pretty much common knowledge that starter homes are disappearing. But just how bad is it for first time #homebuyers? http://www.housingwire.com/articles/36641-affordable-homes-in-dallas-good-luck-with-that ❤️ #share #mortgage
#mortgage portfolio at national banks continues to dissipate
While the #mortgage market is improving according to a new report from the Office of the Comptroller of the Currency, it only focuses on eight of the largest national banks. Looking over the past two years, their grip on the #mortgage market is starting to loosen. http://www.housingwire.com/articles/36640-mortgage-portfolio-at-national-banks-continues-to-dissipate ❤️ #share #mortgage
Past, Present & Future Home Values
In CoreLogic’s latest Home Price Index, they revealed home appreciation in three categories: percentage appreciation over the last year, over the last month, and projected appreciation over the next twelve months.
Here are state maps for each category:
The Past – home appreciation over the last 12 months
The Present – home appreciation over the last month
The Future – home appreciation projected over the next 12 months
Bottom Line
Homes across the country are appreciating at different rates. As we have mentioned before, the rate of home price appreciation across the country is due to a strong housing market reacting to supply and demand, and not a new housing bubble.
If you plan on relocating to another state, and are waiting for your home to appreciate more, you need to know that the home you will buy in another state may be appreciating even faster.
Let’s meet up so I can guide you through your next steps and help you decide what’s right for you. http://www.simplifyingthemarket.com/en/2016/03/30/past-present-future-home-values/?a=242769-4eb2112ad1caac540e99a63dd199d5ed ❤️ #share #mortgage
MBA: Refinance activity nows sits at barely more than half of #mortgage apps
The market right now is primed for a surge in refinance demand, given the record-low interest rates and millions of eligible borrowers, yet the latest data from the #mortgage Bankers Association’s Weekly #mortgage Applications Survey is painting a very different picture. http://www.housingwire.com/articles/36639-mba-refinance-activity-nows-sits-at-barely-more-than-half-of-mortgage-apps ❤️ #share #mortgage
Pro Teck announces new product to enhance appraisal quality
Whereas some current tools identify appraisal risk post-delivery, Pro Teck’s new tool will be able to identify the risk before the appraisal is submitted. The product’s aim is to reduce wasteful communication cycles between the appraiser, appraisal management software and the client for correction, clarification and confirmation. http://www.housingwire.com/articles/36638-pro-teck-announces-new-product-to-enhance-appraisal-quality ❤️ #share #mortgage
Tuesday, March 29, 2016
This new map shows where investors face greatest risk of fracking earthquakes
Fracking also presents a number of risks for #lenders, servicers, investors and other #mortgage market participants. One of those risks is an increase in earthquakes, and a new report from the USGS details the areas of the country that are the most at risk for “human-induced” earthquakes. http://www.housingwire.com/articles/36637-this-new-map-shows-where-investors-face-greatest-risk-of-fracking-earthquakes ❤️ #share #mortgage
Study: Home values increase when solar panels get installed
#homebuyers question the effect solar energy would have on their home value. A new study across six states suggests that it could increase the price of the home, but raises serious questions concerning the methodology of the appraisers, especially in areas where there are no comparable home sales. http://www.housingwire.com/articles/36636-study-home-values-increase-when-solar-panels-get-installed ❤️ #share #mortgage
Don’t miss the HousingWire 2016 Women of Influence!
HousingWire’s mantra is “moving markets forward,” but we couldn’t do this without the significant contributions of women in both #mortgage banking and real estate who forge new paths for the industry. As fast as the market is changing, so are the woman who are defining where it will go. Whether it’s someone influential you know, or you, don’t miss out on honoring them in HousingWire’s 2016 Woman of Influence list. http://www.housingwire.com/blogs/1-rewired/post/36635-dont-let-your-name-miss-2016s-women-of-influence-list ❤️ #share #mortgage
CFPB: #mortgages no longer in top spot for complaints
Since starting to accept complaints in 2011, the Consumer Financial Protection Bureau received more complaints related to #mortgages than any other category, until this month. In some states, however, #mortgages continue to be the No. 1 complaint. http://www.housingwire.com/articles/36634-cfpb-mortgages-no-longer-in-top-spot-for-complaints ❤️ #share #mortgage
Man builds Harry Potter-esque cupboard to afford living in San Francisco
Living in San Francisco is expensive, that’s pretty much common knowledge at this point, but one local resident is going to extreme, bordering on comical, measures to afford life in the Bay Area. http://www.housingwire.com/articles/36633-man-builds-harry-potter-esque-cupboard-to-afford-living-in-san-francisco ❤️ #share #mortgage
Radian launches #homebuyer education website for consumers
It’s no surprise that various entities maintain #homebuyer education tools available for consumers, including the Consumer Financial Protection Bureau, Fannie Mae, the #mortgage Bankers Association, and others. But a new #homebuyer education tool is coming, from another source – a private #mortgage insurer. http://www.housingwire.com/articles/36628-radian-launches-homebuyer-education-website-for-consumers ❤️ #share #mortgage
Yellen: Fed should proceed with caution on future interest rate hikes
In her first comments since the Fed decided to hold rates steady two weeks ago, all eyes were on Federal Reserve Chair Janet Yellen this morning during her speech to the Economic Club of New York. People listened for any insight on when the Fed would raise interest rates. http://www.housingwire.com/articles/36632-yellen-fed-should-proceed-with-caution-on-future-interest-rate-hikes ❤️ #share #mortgage
What's the fastest way to improve your credit score?
Experian recently hosted a video on improving credit scores. Loan officers in the #mortgage finance industry are well-aware of the credit challenges many potential home buyers face. Need to direct clients to some decent advice on improving their credit scores? This blog will do the trick. http://www.housingwire.com/articles/36629-whats-the-fastest-way-to-improve-your-credit-score ❤️ #share #mortgage
S&P/Case-Shiller: Home prices up 5.7%
In the latest home price report from S&P/Case-Shiller, home values continued to rise in January. Furthermore, S&P’s managing director and Zillow’s chief economist project if first time #homebuyers should expect a tough time buying into this market. http://www.housingwire.com/articles/36623-spcase-shiller-up-57-than-2015 ❤️ #share #mortgage
Sales Contracts Hit Highest Level in Months
The National Association of Realtors (NAR) just announced that the February Pending Home Sales Index reached it’s highest reading since July 2015.
What is the Pending Home Sales Index (PHSI)?
NAR’s PHSI is “a forward-looking indicator based on contract signings”. The higher the Pending Home Sales Index number, the more contracts have been signed by buyers that will soon translate to sales. February’s Index rose 3.5% month-over-month to 109.1.
What does this mean for the market?
Lawrence Yun, NAR’s Chief Economist explained:
“After some volatility this winter, the latest data is encouraging in that a decent number of buyers signed contracts last month, lured by #mortgage rates dipping to their lowest levels in nearly a year and a modest, seasonal uptick in inventory.”
“Looking ahead, the key for sustained momentum and more sales than last spring is a continuous stream of new listings quickly replacing what’s being scooped up by a growing pool of buyers. Without adequate supply, sales will likely plateau.”
So What Does This Mean For Buyers?
There is a lot of competition out there right now for your dream home. Prices are going to continue to climb, act now before you are priced out of your future home.
What Does This Mean For Sellers?
If you are on the fence about listing your home for sale and debating whether now is the time to move on with your plans of relocating… don’t wait!
There are more buyers that are ready, willing and able to buy their first, second, third, vacation, or investment property now than there has been in years! The supply of homes for sale is not keeping up with the demand of these buyers.
Listing your home for sale now will give you the most exposure to buyers and the best sales price.
Bottom Line
Whether you are planning on buying or selling a house this year, waiting to act no longer makes sense. http://www.simplifyingthemarket.com/en/2016/03/29/sales-contracts-hit-highest-level-in-months/?a=242769-4eb2112ad1caac540e99a63dd199d5ed ❤️ #share #mortgage
The Plain English Guide to Homeowner Tax Benefits
If you’re like many homeowners at tax time, you don’t know how to calculate your homeowner tax benefits, and instead just follow the steps of online tax programs or have your tax adviser figure it out. But it’s important to know how your tax benefits work, so let’s review the calculations in plain English.
Primary residence ownership costs
As a homeowner, your main monthly housing cost is comprised of principal, interest, taxes and insurance (P.I.T.I.).
Your mortgage payment is comprised of principal and interest. Principal pays down your loan each month, and interest pays your borrowing cost to your lender each month.
Taxes refer to local property taxes assessed by your city or county quarterly, semiannually, or annually.
Insurance is your fee paid to an insurance company of your choosing to help protect you and your lender if the home was impacted by fire, flood or other disaster.
If you bought a home for $3000,000 with 20 percent down and got a 30-year fixed rate of 3.5 percent, a mortgage calculator tells us that your monthly housing cost would break down as follows:
| Principal and interest (your mortgage payment) | $1,077 |
| Property taxes (using U.S. average rate of 1.2% on $300,000 value) | $300 |
| Homeowners insurance | $75 |
| TOTAL COST | $1,452 |
Annual tax benefits for primary residence owners
As the owner of your primary residence, your annual tax benefits come from being able to deduct the mortgage interest and property tax you pay each year.
Of the total $1,077 total monthly mortgage payment above, $700 goes toward interest and $377 goes toward paying down the loan. And we know that the property taxes are $300 per month.
So we know you’re paying $8,400 per year in interest ($700 per month for 12 months), and $3,600 per year in property taxes ($300 per month for 12 months).
Together these total $12,000, and this full amount is deductible when you file your taxes (for low- to moderate-income homeowners).
How does a tax deduction help you save money?
When you file your taxes each year, there is a form called Schedule A: Itemized Deductions where you list eligible items that get “deducted” from your income so you pay tax on less income.
This form has line items for mortgage interest and property tax deductions. In our example, the IRS allows you to itemize $8,400 in mortgage interest and $3,600 in property taxes into their respective line items on Schedule A.
Doing so will reduce the amount of income you get taxed on by $12,000 ($8,400 plus $3,600).
Let’s say your W-2s showed that you made $90,000 this year. These two line item deductions of $12,000 get subtracted from your $90,000 gross income, which means the income you’ll actually be taxed on is reduced to $78,000.
Different incomes are taxed at different rates, and you’d be taxed at about 28 percent on this level of income.
To quickly estimate how much your tax deductions save you, multiply the $12,000 in allowable deductions by your 28-percent tax rate. This gives you an estimated annual tax savings of $3,360, meaning you’ll pay about this much less in taxes because of your primary residence owner deductions.
If you convert this to a monthly figure of $280, and subtract it from your total monthly housing cost noted above of $1,452, it reduces your total housing cost to $1,172 after tax benefits.
This is affordable for a $300,000 house, and is likely to be cheaper than renting a comparable home in most cities.
Additional tax benefits for homeowners
Other annual tax benefits for owners of primary residences include deducting points paid on a refinance, home energy credits, deducting mortgage insurance for lower earners, and home office deductions. Each of these benefits has fine print to read and discuss with your tax adviser.
Other homeowner tax benefits come when you sell your primary residence. Single people are exempt from paying capital gains taxes on up to $250,000 in capital gains, and this exemption increases to $500,000 for married couples. Also, money you spend on improvements while you own the home reduces your taxable gain.
All the information given here applies to primary residence owners, and most of these rules will apply for second-home owners - your tax adviser will let you know of any variations for second homes. If you own a rental property, consult this guide to tax benefits for rental properties.
As with all tax matters, benefits change based on your individual profile, so consult your tax adviser regarding your exact benefits.
Related:
- 4 Tips for Putting Your Tax Refund Back Into Your Home
- Tax Tips for Rental Property Owners
- 4 Ways to Snag an Extra Tax Break
from Zillow Porchlight | Real Estate News, Advice and Inspiration http://www.zillow.com/blog/homeowner-tax-benefits-194550/
Monday, March 28, 2016
Come On Get Happy About This Former Partridge Family Star's Encino Estate
Shirley Jones, best known for her role as the matriarch of the hit sing-a-long TV show “The Partridge Family” has re-listed her expansive Encino estate for nearly $2 million. Tucked away and surrounded by delightful foliage, the property features a lengthy driveway leading to a gated entrance, allowing plenty of time to enjoy the lush scenery before heading into the spacious abode.
The 5-bedroom, 6-bathroom ranch-style home sits on a .71-acre lot perfect for anyone that loves spending time outdoors - especially if they crave additional privacy away from the limelight of nearby Los Angeles. Complete with walking paths, waterfalls, gardens, a swimming pool and a water slide, the property is made for staying home and entertaining.
There’s a great deal of wide open space inside, too, thanks to the home’s large rooms graced with stone and hardwood floors, and skylights throughout that let natural light stream in.
One of the home’s highlights is the downstairs living area, featuring a cobblestone fireplace, arched ceilings with exposed beams, floor-to-ceiling windows with views of the pool, and easy access to the large kitchen. The home includes a great deal of functional space that will have you singing “I think I love you” while you rejoice in the versatility of this stylish residence.
When it’s time to head to the master suite, which boasts a walk in closet as well as a fireplace, you’ll delight in the added luxury. Guests can find rest and relaxation in the multi-room guest suite with its own breakfast bar and bath.
The biggest selling point may be the outdoor patio, featuring an outdoor kitchen, a shaded seating area, benches and easy access to the Jacuzzi. With green as far as the eye can see and bright flowers throughout the property, the home has the feel of a vacation destination.
Jodie Francisco and Andrew Spitz of Berkshire Hathaway hold the listing.
Related:
- Party Animal Kesha Selling Peaceful Nashville Oasis
- Alicia Keys Lists Glass Mansion in Phoenix
- Jason Derulo Wants you to Want His Coconut Creek Home
from Zillow Porchlight | Real Estate News, Advice and Inspiration http://www.zillow.com/blog/shirley-jones-lists-encino-estate-194566/
iEmergent founder Dennis Hedlund passes away
Hedlund passed away late Saturday night at the age of 66. “Dennis was a man of keen intellect and of intellectual curiosity. He was also a man of tremendous enthusiasm for this business but more so, for the people in the business,” a friend and former colleague said in a note to the folks at Wells Fargo. http://www.housingwire.com/articles/36621-iemergent-founder-dennis-hedlund-passes-away ❤️ #share #mortgage
Rising construction costs squeeze housing supply
The demand for new housing is strong, but high construction costs and low wages are constraining supply, according to Pacific Union economist Selma Hepp. http://www.housingwire.com/articles/36620-rising-construction-costs-squeeze-housing-supply ❤️ #share #mortgage
Radius financial group launches MBA Opens Doors in Massachusetts
Because it’s stressful enough to have a child critically ill in the hospital, radius financial group is supporting the MBA Opens Doors foundation to help parents with #mortgage payments while caring for their children. http://www.housingwire.com/articles/36619-radius-financial-group-launches-mba-opens-doors-in-massachusetts ❤️ #share #mortgage
Flashback? New AAA #mortgage bond features pre-crisis subprime, Alt-A #mortgages
Before everyone goes thinking that this new #mortgage bond is a harbinger of the housing crisis redux, nearly three-quarters of the loans in the deal have never been modified, while nearly all of the remaining loans were previously modified and are current. http://www.housingwire.com/articles/36618-flashback-new-aaa-mortgage-bond-features-pre-crisis-subprime-alt-a-mortgages ❤️ #share #mortgage
CFPB complaints from military community up 13%
The CFPB’s annual Servicemembers report outlined the major issues that service members complained about in 2015, including debt collection, #mortgages and credit reporting. Twice as many service members than those of the general population reported on debt collection complaints. http://www.housingwire.com/articles/36617-cfpb-complaints-from-military-community-up-13 ❤️ #share #mortgage
Here are the 5 most expensive houses in Austin’s booming market
Austin, Texas, is not only known as one of the fastest-growing cities in America, but it is also has one of the hottest luxury housing markets in the country. Put these two prime conditions together and you get this list of the top five most expensive homes for sale in Austin right now. http://www.housingwire.com/articles/36616-here-are-the-5-most-expensive-houses-in-austins-booming-market ❤️ #share #mortgage
CrossCheck Compliance appoints new managing director and general counsel
As the newest member to CrossCheck Compliance, Monika McCarthy brings a wealth of industry knowledge in all phases of #mortgage lending, including origination, compliance, fair lending, regulatory affairs, litigation, secondary market transactions and claims resolution. http://www.housingwire.com/articles/36615-crosscheck-compliance-appoints-new-managing-director-and-general-counsel ❤️ #share #mortgage
Redwood Trust President Brett Nicholas stepping down
Just over a month after Redwood Trust announced several shifts in its future business plans, including discontinuing the acquisition and aggregation of conforming loans for sale to Fannie Mae and Freddie Mac, the real estate investment trust is about to experience another shift, this time in its senior management. http://www.housingwire.com/articles/36614-redwood-trust-president-brett-nicholas-stepping-down ❤️ #share #mortgage
Pending-home sales beat expectations
After a disappointing winter season, the industry is looking to the spring to make up for some of the loss. The latest news in the National Association of Realtors’ pending-home sales report outlines what parts of the country are benefitting the most. http://www.housingwire.com/articles/36612-pending-home-sales-beat-expectations ❤️ #share #mortgage
The Top 5 Reasons You Should Not For Sale By Owner
In today’s market, with homes selling quickly and prices rising, some homeowners might consider trying to sell their home on their own, known in the industry as a For Sale by Owner (FSBO). There are several reasons this might not be a good idea for the vast majority of sellers.
Here are five of those reasons:
1. There Are Too Many People to Negotiate With
Here is a list of some of the people with whom you must be prepared to negotiate if you decide to For Sale By Owner:
* The buyer who wants the best deal possible
* The buyer’s agent who solely represents the best interest of the buyer
* The buyer’s attorney (in some parts of the country)
* The home inspection companies, which work for the buyer and will almost always find some problems with the house
* The appraiser if there is a question of value
2. Exposure to Prospective Purchasers
Recent studies have shown that 89% of buyers search online for a home. That is in comparison to only 20% looking at print newspaper ads. Most real estate agents have an internet strategy to promote the sale of your home. Do you?
3. Results Come from the Internet
Where do buyers find the home they actually purchased?
* 44% on the internet
* 33% from a Real Estate Agent
* 9% from a yard sign
* 1% from newspaper
The days of selling your house by just putting up a sign and putting it in the paper are long gone. Having a strong internet strategy is crucial.
4. FSBOing has Become More and More Difficult
The paperwork involved in selling and buying a home has increased dramatically as industry disclosures and regulations have become mandatory. This is one of the reasons that the percentage of people FSBOing has dropped from 19% to 8% over the last 20+ years.
The 8% share represents the lowest recorded figure since NAR began collecting data in 1981.
5. You Net More Money when Using an Agent
Many homeowners believe that they will save the real estate commission by selling on their own. Realize that the main reason buyers look at FSBOs is because they also believe they can save the real estate agent’s commission. The seller and buyer can’t both save the commission.
Studies have shown that the typical house sold by the homeowner sells for $210,000 while the typical house sold by an agent sells for $249,000. This doesn’t mean that an agent can get $39,000 more for your home as studies have shown that people are more likely to FSBO in markets with lower price points. However, it does show that selling on your own might not make sense.
Bottom Line
Before you decide to take on the challenges of selling your house on your own, let’s meet up so we can discuss the difference having an agent can make. http://www.simplifyingthemarket.com/en/2016/03/28/the-top-5-reasons-you-should-not-for-sale-by-owner/?a=242769-4eb2112ad1caac540e99a63dd199d5ed ❤️ #share #mortgage
Sunday, March 27, 2016
U.S. January 2016 home prices rise just 0.1%
The numbers that closed out last year have repeated in January 2016’s home price index report. While home prices continue to increase, they are rising slowly. Prices are now just 5.4% below the high in June 2006. http://www.housingwire.com/articles/36604-us-january-2016-home-prices-rise-just-01 ❤️ #share #mortgage
Monday Morning Cup of Coffee: Rising HELOC demand is not housing crisis 2.0
Home equity lines of credit significantly dropped off after the financial crisis in order to avoid new defaults. So what does this new rise in demand mean? Also, The Playboy Mansion is still up for sale, but the odd requirement of who has to there might no longer be a stipulation. http://www.housingwire.com/blogs/1-rewired/post/36611-monday-morning-cup-of-coffee-rising-heloc-demand-is-not-housing-crisis-20 ❤️ #share #mortgage
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