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Blog by Doug Ingersoll

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3.10.10.2

March 10th, 2010
Short sale pricing is a funny thing. Most short sale listings are priced
low to get a contract to take to the bank. There are short sale listings
in Aviano that are overpriced which means more time on market
before an offer arrives. But really it makes no difference because
months down the line the bank/investor will counter back at somewhere
near fair market value. There is a perception that ...

Posted in General

3.10.10

March 10th, 2010
The Active Funding Group is a local real estate investor funding
business based in Scottsdale. They sent out some information
yesteraday on market conditions and one thing caught my eye:

"List price Av. Days on market
0-100,000 85
101-200,000 107
201-400,000 135
401-750,000 188
751-1,001,000 234
1,001-2,000,000 258
...

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3.9.10.2

March 9th, 2010
A good friend at Toll Brothers let me know that the basement option
was sold 30% of the time on the models that offered it. Here are the
models that offered it and the number of units in Aviano then the 30%
number:
Borrego 43 > 13
Blanca 70 > 21
Mirasol 55 > 16
Savino 48 > 13
Tercera 42 > 12
Buena 16 > 5
San Felice 19 > 5
Monteloma 21 > 6
La Verna 11 > 3
Escalante 13 > 3
D ...

Posted in General

3.9.10

March 9th, 2010
From Stuart M. Crawford, Senior Mortgage Banker

V.I.P. Mortgage Inc.
8722 E. San Alberto Suite 100A
Scottsdale, AZ 85258

Direct Office: (480) 776-2954

"Economic data was the primary force driving mortgage
rates last week. Generally weaker than expected data resulted
in a modest improvement in rates for most of last week. This was
completely offset by an increase in rates on Friday due ...

Posted in General

3.8.10.3

March 8th, 2010

Articles from DSNews.com:

Bair Defends HAMP, Voices Support for Principal Write-Downs

"FDIC Chairman Sheila Bair - a recognized champion of homeownership
preservation whose loan modification model has set the standard for the
industry - is throwing her support behind the administration's Home Affordable
Modification Program (HAMP). She also points out that the nation's mortgage
problem has ...

Posted in General

3.8.10.2

March 8th, 2010
Building 17

Building 18

The 2 newest buildings in the Villages got a serious pricing haircut
yesterday from Toll Brothers. Here are the changes:
Unit 1226, a Fiore model dropped $28K to $240,995.
Unit 1243, an Amici model dropped $54K to $301,995.
Unit 1237, an Arrezo model dropped $25K to $302,995.
Unit 1239, a Piatto model dropped $39K to $306,995.
Unit 1225, a Pienza model dropped $30K ...

Posted in General

3.8.10

March 8th, 2010
The instructor for the short sale course I took a couple of weeks
ago had a theory on foreclosure: If you put down a very small
amount on your home and have been paying an interest only type
mortgage, you really have not lost much if you short sale or walk
away. The folks that are having trouble are those that put down a
good chunk of cash to purchase. When I go through the tax records
in Avi ...

Posted in General

3.6.10

March 6th, 2010

dog 10.10.09
I'm glad I had my SPF 50 long sleeve t-shirt on today for the
Aviano Yappy Hour. My suggestion to change the name to
"The Aviano Circle Sniff" was met with little enthusiasm. That
would have made an excellent t-shirt marketing opportunity
I am convinced. It is starting to warm up and was flirting with
80 standing in the abundant sunshine. Over 40 Aviano dog owners
turned out for a highly in ...

Posted in General

3.5.10

March 5th, 2010
Even though our government has opened up a can of whoopass on
capitalism, it is nice to see some of the kids still get it. Here is news
from the Paradise Valley School District:

"The Pinnacle High School school store, a DECA-operated school
based-enterprise (SBE), was one of only 43 school stores in the nation
and the only one in the state to achieve Gold Level Certification for 2010.
The ...

Posted in General

3.4.10.2

March 4th, 2010
Exactly my point: Government intervention only prolongs the recovery.
The second to last paragraph sums it up.

This is from DSNews.com:
Foreclosure Overhang Hinders Home Price Appreciation: Barclays
03/02/2010 By: Carrie Bay

A number of the industry's closely-watched home price gauges indicate
that stabilization has been slowly creeping into the picture since mid-2009.
Analysts at Barclays ...

Posted in General

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