Blog
2010 Mortgage Rate Predictions
January 5, 2010 by Grant Hammond · Leave a Comment
Nashville mortgage rates ended 2009 above 5 percent, with Freddie Mac reporting 30-year fixed rates at an average 5.14 percent, still very affordable by historical standards. Although higher long-term borrowing costs late in the year could signal further increases for 2010, new data from Wells Fargo, JPMorgan Chase, and the Mortgage Bankers Association indicates more [...]
Related posts:
- Mortgage Rates Lower, Stable in Q1 2010
- November Nashville Mortgage Rate Update
- Mortgage Interest Rates Move Higher
Condo.com Hires Top Executive to Lead Brokerage Development
January 4, 2010 by Condo.com - Condo News · Leave a Comment
Miami, FL (January 4, 2009) – Condo.com, a leading online real estate portal and rapidly growing national real estate brokerage, has announced Jody Desnoyers as the company’s new Director of Training and Development. The company’s brokerage department works with condo buyers, sellers and renters around the country and will look to Desnoyers to help recruit, train and establish a process for additional agent growth to support customer demand. Condo.com offers several opportunities for agents such as: condo listings, advertising and free networking tools including the ability to create profiles, provide advice to qualified users, post blogs and upload videos. The company offers a complete agent and broker experience through training and certification programs. Agents receive qualified leads, marketing support, a CRM account, and now- a more robust training and coaching program set to be launched by Desnoyers in the next 60-days.
As the new Director, Jody will be focused on the training, recruitment, and retention of all agent development programs. Specifically, his plan includes further development of the “agent toolbox” complete with seller and buyer presentations, useful handouts and pertinent industry news – all with the purpose of enhancing the brokerage team’s effectiveness, agent by agent, and ultimately resulting in higher lead conversion. “Jody’s addition to the department further enables us to develop into the world’s largest condo brokerage”, stated Richard Swerdlow, Founder and CEO.
Prior to joining, Condo.com, Mr. Desnoyers began his real estate career as an agent for Foxtons, Inc. where he sold over $40 million worth of residential real estate in his first 18 months. He went on to manage and train teams of agents responsible for over 1,000 closed real estate transactions while serving as Director of Operations – South Florida and Broker of Record for Home Discovery Inc, Broker / Owner for Empower Realty. Most recently he was Broker of Record & Regional Sales Manager – New York for Lending Tree’s residential real estate subsidiary, RealEstate.com. Jody brings a breadth of real estate brokerage knowledge and experience to the Condo.com team, particularly within lead generation and web-based brokerage business models. Jody majored in communications and played baseball at Canisius College before earning a Bachelors of Science degree in Psychology from the Plattsburgh State University in New York. .
About Condo.com
Condo.com (www.condo.com) is the world’s largest condominium marketplace with over 800,000 listings valued in excess of $250 billion. The site is a consumer-facing, online real estate portal which receives over 1 million visitors monthly and is dedicated to the evolution and prosperity of the condominium real estate market. Condo.com improves and simplifies the way people buy, sell, rent, live and vacation in condos. Condo.com lists condos for sale and for rent in the United States and 70+ countries around the world. The Company cost-effectively delivers exposure and qualified leads to developers, brokers and owners through the seamless distribution of its listings to a global network of real estate websites visited by over 15 million viewers per month. The company is also a licensed real estate brokerage business in multiple markets and has a growing nationwide network of licensed real estate agents providing brokerage services. Condo.com is privately held and headquartered in Miami, Florida
Nashville Real Estate Market Forecast for 2010
December 31, 2009 by Grant Hammond · Leave a Comment
The Nashville housing market will experience an accelerated sales volume in 2010 aided by the government’s extension and expansion of the first time home buyers federal tax credit, more government-backed lending assistance, and historically low mortgage rates according to 90% of major forecasts for 2010.
Surrounding real estate markets will improve in the Southeastern U.S. with [...]
Related posts:
- Nashville Real Estate Market Report for June 2009
- August 2009 Nashville Real Estate Market Analysis
- May 2009 Nashville Real Estate Market Stats
Florida Condo Sales Increase
December 29, 2009 by Condo.com - Condo News · Leave a Comment
Florida condo sales increased by 111% based on a year-to-year comparison. 4,889 total units were sold this past November compared to 2,320 units sold in November 2008 throughout the state of Florida. Although sales have increased, prices have decreased over the past year by 21%. The condo median sales price was $104,400 last month compared to a median price of $131,400 recorded for November of 2008. According to NAR, the national median condo price was well below Florida at $172,900 for October 2009.
The contributing factor for this large condo sales increase is the extension of the federal home-buyer tax credit. The tax credit will continue to be a guiding force of home-buyer activity, and a large contributor to increased condo sales for 2010. Condo markets in states like Florida, known for being over-populated, will begin seeing a large decrease in condo inventory. These numbers are forecasting a much more stable condo and housing market for this coming year.
Florida continues to provide significantly lower priced condos comparing other markets. Check out some of the great deals on Florida condos by clicking here.
Nashville Ranks High in 2009 Economic Studies
December 28, 2009 by Grant Hammond · Leave a Comment
There is little debate that Nashville and Tennessee consistently rank atop many economic ranking lists and studies. The last 2 months of 2009 provide no exception with Nashville again being named to several prestigious “best in the United States” lists:
December 2009 – MarketWatch
Nashville Ranked as One of the Best Cities for Business
Nashville ranked 15th as [...]
Related posts:
- Harris Interactive Poll Ranks Nashville and Tennessee High
- The Economic State of Nashville and Middle Tennessee
- PMI Ranks Nashville as Top 10 Most Stable Market
BofA has a super-cool new First Time Buyer Loan Guide
December 22, 2009 by Stephanie Crawford · Leave a Comment
Bank of America has recently instituted on their website one of the best first-time buyer tools I’ve ever seen. Their new interactive Home Loan Guide takes perspective buyers on a tour through the entire loan process from start to finish in an entertaining and informative way. It also allows the online user to fidget with [...]
Related posts:
- First-Time Buyer Tax Credit Can Now Be Used As Down Payment Shaun Donovan, secretary of the U.S. Department of Housing…
- FHA Outlook 2010. Looser Condo Guidelines, But Higher Costs And Higher Down-Payments May Be Coming. HUD’s Federal Housing Administration (FHA) has temporarily lowered their “pre-sold”…
- Buyers can purchase AND renovate in ONE loan FHA Program Offers Purchase, Renovation Aid “The Federal Housing…
Related posts brought to you by Yet Another Related Posts Plugin.
Job Loss Insurance Offered to Condo Owners
December 21, 2009 by Condo.com - Condo News · Leave a Comment
The job market these days still remains a scary situation for both the employee and employer. Such uncertainty has left both homeowners and renters with the harsh reality of becoming homeless should they lose their jobs.
Due to the current economic standings, there is now a job loss mortgage insurance rider that can be applied to your renters insurance policy. The question that many are asking is: What if I am a condo owner, do these same benefits apply to me? According to a recent article by InsuranceAgents.com, both rent-to-own condo buyers and official condo owners will qualify for job loss insurance.
Mortgage and rental payments are generally the most costly of ones expenditures. In the event that job loss occurs, it can become extremely difficult to continue these payments in a timely manner especially considering all other outstanding bills to be paid. Therefore, this job loss insurance is highly beneficial as it covers your monthly rent or mortgage payments until you find a stable place of employment.
Job loss insurance does, however, have certain eligibility requirements which must be met.
Here is a list of these requirements:
1) Condo owners are only able to use this coverage if they are let go (quitting or being let go due to misconduct or criminal activity does not count).
2) Condo owners cannot be self-employed, or own more than 10 percent of the company where they are employed.
3) Job loss insurance must be purchased while the condo owner is still employed, and they must wait 30 to 60 days after the loan closes before coverage begins.
If the condo owner meets all eligibility requirements, this coverage will guarantee that the insurance company will make all payments due to their mortgage company.
With the current sliding job market, it is hard for anyone to claim their employment status is 100% safe. For peace of mind as well as ensuring you will be able to keep your property, it highly recommended that you check with your insurance company about obtaining job loss mortgage insurance. Some have already done so, have you?
Submit to our poll here: Have you purchased job loss insurance for your house or condo?
Home Renovating Doesn’t Pay Off Like It Used To
December 20, 2009 by Stephanie Crawford · Leave a Comment
Thinking of renovating your home? Upgrades are bringing less and less according to the following article by CNNmoney:
By Les Christie, staff writerDecember 19, 2009: 8:57 AM ET
NEW YORK (CNNMoney.com) — Home remodelers are getting less bang for their bucks. For the fourth straight year, renovation jobs have added less to resale values relative to their [...]
Related posts:
- Home Gyms Offer Excellent Staging Opportunity Equipping a home with an exercise area can increase…
- Study Finds Connection Between Neighborhood Walkability and Home Values Here’s an interesting story I recently stumbled upon at the…
- Nashville, TN Real Estate: Statistics for ‘days on market’ and ‘list price to sales price’ ratios. Thinking of trying to sell your Nashville, TN – Davidson…
Related posts brought to you by Yet Another Related Posts Plugin.
Luxurious Miami Beach Condo in Foreclosure
December 17, 2009 by Condo.com - Condo News · Leave a Comment
This 3 bedroom 3 bath condo located in Mosaic, a beachfront luxury condo building, features 1,507 square feet and a 333 square foot balcony. Enjoy the ocean view from the master bedroom, living room, and kitchen. The second and third bedroom boast amazing city views as well. This unit even comes with a private elevator and foyer. The kitchen and bar area include granite counter tops and Sub zero and Miele appliances.
Onsite amenities include direct ocean access along with a gym, wine room, pool, jacuzzi, media room and concierge.
The list price is $702,900 or $466 per square foot. The flow through unit is located on the 15th floor and has direct ocean and city views. Click here to get more information on the beautiful Mosaic on Miami Beach- what a great deal!
STAR POWER: Midtown’s Adelicia provides a shining light for other developments to follow
December 16, 2009 by Stephanie Crawford · Leave a Comment
*reprinted from the November 2009 issue of Nashville Lifestyles. www.NashvilleLifestyles.com -by StacieStandifer*
While there’s been a great deal of speculation recently about the whole high-rise and condominium market, at least one building has paved the way for others: The Adelicia. not only have they filled the building’s units, but developed a stellar reputation as one of [...]
Related posts:
- Music City Star reduces Donelson Fare The cost to ride the Music City Star from Donelson…
- Terrazzo in the Gulch to Auction 30 Luxury Condos in Nashville, TN Are you a buyer in need of a preview appointment? I’d love…
- Rolling Mill Hill: the future of the development Many of you may already know that the Rolling Mill…
Related posts brought to you by Yet Another Related Posts Plugin.
