HARRIS REAL ESTATE UNIVERSITY Students (and future students..) there is absolutely no question that we are experiencing a sales surge and the spring 2012 housing market will be the best in at least 6 years. No doubt, this is a reason to celebrate. But, lets not forget the headwinds facing our industry: 1) 4,000,000 owners have already lost their homes. 2) 6,000,000 owners are currently in default. 3) 11,000,000 owners are underwater. 4) 34% of all home sales are ‘distressed’ (short sales and REOs) 5) Homes for less than $250,000 are selling quickly..why? All cash investors and first time home [...] Click Here To View More
2012, Year Of Real Estate Recovery? | Existing Home Sales SURGE!
Sales of previously owned homes surged in January to the fastest pace since May 2010 in another sign that the housing market is slowly making some headway against its longest dip since the Great Depression. The National Association of Realtors, a industry trade group, reported Wednesday that existing-home sales — the lion’s share of the housing market — rose 4.3 percent in January. The equates to a seasonally adjusted annual rate of 4.57 million homes, which is still well below the 6 million pace that economists say is needed for a healthy housing market. Last month, there were 2.31 million unsold homes [...] Click Here To View More
Breaking News: National Association of Realtors, Existing Home Sales SURGE!
Washington, DC, February 22, 2012 Existing-home sales rose in January, marking three gains in the past four months, while inventories continued to improve, according to the National Association of Realtors®. Total existing-home sales1, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, increased 4.3 percent to a seasonally adjusted annual rate of 4.57 million in January from a downwardly revised 4.38 million-unit pace in December and are 0.7 percent above a spike to 4.54 million in January 2011. Lawrence Yun, NAR chief economist, said strong gains in contract activity in recent months show buyers are responding to very favorable [...] Click Here To View More
Breaking News: Dramatic Increase In Defaults | Wave Of Foreclosures Expected
BREAKING NEWS: The rate of defaulting owners is INCREASING…. No surprised when you consider: * 4,000,000 have already lost their homes to foreclosure ** 6,000,000 are in default. Headed to become tomorrow’s foreclosure (unless they make the smart move to short sale) *** 11,000,000 owners are considered ‘underwater’. The average underwater owes $50,000 more on their homes than current market value. **** The actual number of underwater owners is actually closer to 20,000,000 when those who are ‘near underwater’ are factored in. For example, someone owes $300,000 on a house that is worth $300,000. Any downward market fluctuation they are underwater. [...] Click Here To View More
Big Bank Foreclosure Fraud Settlement: How To Collect Your $2000 (Video)
Big Bank Foreclosure Fraud, Robo-Signer Settlement Now the big question is…. Who gets what? At least $10 billion will go toward reducing the principal for borrowers who are delinquent or underwater borrowers at risk of default. That is in stark contrast to President Obamas recently proposed housing re-fi program that disallowed owners who missed more than one payment. Remember, its estimated that in order to completely wipe out ALL of the negative equity for the 11,000,000 underwater owners it would cost…700-800 BILLION. Cold hard fact is that one in five Americans with mortgages are underwater. On average, these homeowners are underwater [...] Click Here To View More
Federal Mortgage Servicing Settlement FAQ | How To Make Your Claim
HARRIS REAL ESTATE UNIVERSITY STUDENTS (and future students) share this information with all of your clients, share on Facebook, your blog…everywhere. Q: What is a mortgage servicer and how do I know who services my loan? A: A mortgage servicer administers mortgage loans, including collecting and recording payments from borrowers. A servicer also handles loan defaults and foreclosures, and may offer loss mitigation programs to assist delinquent borrowers. The company that you make your monthly payment to is your mortgage servicer. Your mortgage servicer may or may not be a lending institution and may or may not own your loan. [...] Click Here To View More
HARRIS REAL ESTATE UNIVERSITY PRESENTS: 4 Stages Of Learning
HARRIS REAL ESTATE UNIVERSITY PRESENTS: * 4 STAGES OF LEARNING. * Join Tim and Julie Harris for this FREE real estate industry training event. * LISTEN NOW TO INSTANT FREE REPLAY: http://InstantTeleseminar.com/?eventid=26342031 * This is the outline for this free training event: The Four Stages of Mastery in Real Estate 1. Unconscious Incompetence The individual does not understand or know how to do something and does not necessarily recognize the deficit. They may deny the usefulness of the skill. The individual must recognize their own incompetence, and the value of the new skill, before moving on to the next stage. [...] Click Here To View More
Big Banks Paying Big Bucks For Short Sales…$35,000+ At Closing!
HARRIS REAL ESTATE UNIVERSITY Students (and future students), share this article with everyone you know. Use this information to further motivate your underwater owners to short sale their homes. Afterall, very little motivates folks more than money…how much money? How about $35,000 cold hard cash (and sometimes more) at closing. Banks, accelerating efforts to move troubled mortgages off their books, are offering as much as $35,000 or more in cash to delinquent homeowners to sell their properties for less than they owe. Lenders have routinely delayed or blocked such transactions, known as short sales, in which they accept less from a [...] Click Here To View More
BREAKING NEWS: Principal Forgiveness Program Coming NOW! (Video)
Remember the whole robo-signing fiasco that lead to state’s Attorney Generals filing suit against the nations largest lenders? Well, there is a proposed settlement on the table. Now the question is, who gets what? * 17 Billion for principal reduction. * 3 Billion for foreclosed borrowers who can prove some sort of fraud with their loan or foreclosure. * 850,000 borrowers will get a $20,000 Principal Reduction. Sounds good, right? Not so fast, 4,000,000 Already foreclosed, lost their homes. 6,000,000 In the foreclosure process (will lose their homes to foreclosure IF they don’t do a short sale.) 11,000,000 Now Underwater [...] Click Here To View More
Listing Syndication, Helping or Hurting Your Real Estate Business?
Is syndicating your listings (allowing your listings to appear on Realtor, Trulia, Zillow.com) helping or hurting your business? Watch this controversial video and you will learn why Jim Abbott firmly believes that the listing syndication web sites are not looking out for what is best for the housing industry let alone REALTORS. (Read Zillow CEO Spencer Rascoff’s response to this video here: The Importance of Strategic Distribution.) Share your comments, be part of this conversation……. WARNING: Short Sales…love em or hate em…they are here to stay! Go beyond the basic ‘expert’ short sale designation. Watch the FREE 2012 Agent Short Sale [...] Click Here To View More
Romney Gets Endorsement from Fellow High-End Real Estate Owner: Trump
Mitt Romney will not be fired by Donald Trump. In fact, the real estate developer and reality TV king -- who has often threatened his own [...] Click Here To View More
HARRIS REAL ESTATE UNIVERSITY Presents: DISC Personality Profiles
Join us for this week’s HARRIS REAL ESTATE UNIVERSITY FREE Educational Event… The topic is: DISC Personality Styles. Here is the information for your schedule: EVENT: Super Star Interview, Tim and Julie Present DATE & TIME: Friday, January 27th at 9:00am Pacific FORMAT: Simulcast! (Attend via Phone or Webcast — it’s your choice) TO INSTANT TELESEMINAR, CLICK THIS LINK NOW… http://InstantTeleseminar.com/?eventid=25970079 What is the DISC Personality Profile: The assessments classify four aspects of behavior by testing a person’s preferences in word associations (compare with Myers-Briggs Type Indicator). DISC is an acronym for: Dominance – relating to control, power and assertiveness [...] Click Here To View More
Valerie Fitzgerald, HGTV Star | HARRIS REAL ESTATE UNIVERSITY Superstar
Watch HARRIS REAL ESTATE UNIVERSITY Superstar, HGTV Star Valerie Fitzgerald and her dynamic real estate group Thursdays at 9pm/ 8pm centeral, 6pm pst. for their hit series, Selling LA. This week’s episode: A successful airline owner hires Valerie Fitzgerald to sell her massive estate for $28.5 million with a six month contract deadline. On top of this the seller has leased the house to a high profile tenant. WARNING: Short Sales…love em or hate em…they are here to stay! Go beyond the basic ‘expert’ short sale designation. Watch the FREE 2012 Agent Short Sale Secrets video and download the FREE Short Sale [...] Click Here To View More
Obama Refi Plan Would Help Non-GSE-Backed Borrowers
President Barack Obama today fleshed out a proposal he announced in his State of the Union speech last week to help boost the housing market by helping more underwater home owners than are being served now by lenders. In the details he released today, the President said he wants to make the federal government’s existing [...] Click Here To View More
Money Magazine: Home Values Expected To INCREASE In 2012
Will Homes continue to lose value in 2012…or are we FINALLY at the bottom of this endless real estate crash? Money Magazine reports that many parts of the US will actually see home value APPRECIATION in 2012. WARNING: Short Sales…love em or hate em…they are here to stay! Go beyond the basic ‘expert’ short sale designation. Watch the FREE 2012 Agent Short Sale Secrets video and download the FREE Short Sale training guide. NOTICE: Free book guaranteed for the first 100 agents only. Watch this video and share your comments….do YOU think homes will appreciate this year in your market? Visit [...] Click Here To View More
Breaking News: Surprise S&P/ Case-Shiller Home Price Index
Breaking Housing News: Surprise drop in home values defying overall trends… WARNING: Short Sales…love em or hate em…they are here to stay! Go beyond the basic ‘expert’ short sale designation. Watch the FREE 2012 Agent Short Sale Secrets video and download the FREE Short Sale training guide. NOTICE: Free book guaranteed for the first 100 agents only. S&P/Case-Shiller index of property values in 20 cities declined 3.7 percent from November 2010 after decreasing 3.4 percent in the year ended in October. Case speaks with Tom Keene and Ken Prewitt on Bloomberg Radio’s “Surveillance.” Bloomberg Television’s Betty Liu also speaks. (Source: [...] Click Here To View More
Its Official: 2011 Was The Worst Year For New Home Sales…EVER! (Video)
After a welcome week of seemingly positive housing news….now, its back to reality. Its official: 2011 was the WORST YEAR for new home sales in U.S. History. (like we didn’t all know that already, right?) To the facts: * 1 out of every 5 homes sold in 2011 was a foreclosure * New home sales dropped in December * Home values are still on the decline (3-5%) * There will be a new wave of foreclosures in 2012. Remember that whole robo-signing mess? The states A.G.s are in the final stages of settling the massive suit with the nations largest [...] Click Here To View More
Mitt Romney Loves Real Estate…Check Out His 6 Homes!
After a barrage of pressure to release his tax forms, former Massachusetts governor Mitt Romney reported his income, confirming what most already knew: He’s the wealthiest [...] Click Here To View More
Zillow Forecasts 3.2% Yearly Decline in Case-Shiller Index
Next Tuesday, the November 10- and 20-City Composite Case Shiller Home Price Indices will be released. Zillow is predicting the non-seasonally adjusted 20-City Composite Home Price [...] Click Here To View More
National Survey Asks: Has The Market Hit Bottom, 2012 Year Of Housing Recovery?
A Bottom of the American Real Estate Market American real estate agents expect the US real estate market to be largely flat from 2011 to 2012. Real estate agents predict that real estate values will be flat from 2011 to 2012, signaling a bottom to the real estate market or the end of the real estate bubble. Given historically low interest rates as well as a bottoming of real estate values, real estate agents expect that the number of real estate transactions and new construction starts will increase slightly in 2012. Additionally, real estate agents believe local economies are on [...] Click Here To View More
Categories: Breaking Real Estate News, Market Conditions, Market Conditions & Predictions, National Real Estate News & Comment, Predictions, Real Estate Coaching & Market News, Real Estate News - #1 real estate coach, #1 realtor coach, Breaking Real Estate News, distressed property designation, harris real estate university, Harris Realtor Coaching, HREU, national association of realtors