Rx for Real Estate. elearning series. Upcoming elearning series

Size: px
Start display at page:

Download "Rx for Real Estate. elearning series. Upcoming elearning series"

Transcription

1 Upcoming elearning series Kevin Russell Senior Vice President, Sales & Account Management Cartus Home Loans Donna Barber Manager, Sales/Account Management Support, Global Implementation Services, Cartus Renee Carnes-Rook Vice President, Real Estate, Cartus Cartus' solution for the elimination of the 400N Tariff: Adapting the Acadia model for Domestic Household Goods March 26 2:00 p.m. EST Presenter: Pat DeDonato

2 Agenda What s Going On? A look at forces impacting the market What to Expect Driving Employee Sales: Policy Must-Haves Selling Homes Faster: Critical Program Adjustments What s Working: Cartus Initiatives

3 What s Going On...? Economic Conditions The R word in the forefront Sub-prime issues Dollar weak Oil prices up Unemployment Up Consumer confidence down Inflation, stock market uncertain

4 What s Going On...? Foreclosures Foreclosures up 75% Dec 07 vs. Dec. 06 National forecast: one in every 617 households AK NH ME WA MT ND MN VT MA HI States with foreclosure rates among the nations highest (Corp inventory volume) OR CA 1.921% NV 3.376% ID UT WY CO 1.919% AZ 1.516% NM SD NE KS OK TX IA MO AR LA WI IL 1.250% MI 1.947% IN 1.027% MS TN OH 1.797% KY AL PA NY WV CT NJ SC GA 1.566% MD VA NC RI FL 2.002% DE DC

5 What s Going On...? Housing Supply Months of Inventory Existing Homes New Homes Recession Source: National Association of Realtors, Bureau of Census, Freddie Mac

6 What s Going On...? Sub Prime Issues Sub-prime originations quadrupled between % of 2006 sub-primes tied to troubled lenders Results: Layoffs and mortgage company shut-downs escalating Guidelines tightening: Loans that used to be approved are now being denied Higher down payment and score requirements More documentation Fewer loan products available Difficulty finding buyers

7 What s Going On...? Home Prices Soft sales reflect disappearance of subprime loans 4th Quarter 2007 versus 4th Quarter 2006 National Regional: Northeast South Closed Sales Units 21.7% 16.7% 21.4% Avg. Sales Price 1.7% 2.1% Flat Midwest 14.2% 0.4% West 31.7% 1.1% Source: RealTrends

8 What s Going On...? Home Values 2006 = 5.87% AK 10.41% NH 3.72% ME 4.89% HI 13.33% Appreciation >20% 15%-20% 10%-15% 5%-10% 0-5% Negative OR % WA 16.35% CA % NV 8.63% ID 17.52% UT 17.41% AZ 16.37% MT % WY 14.39% CO 3.72% NM 14.10% ND 8.98% SD 5.88% NE 3.22% KS 4.79% MN 3.38% OK 4.96% TX 6.79% IA 3.71% MO 5.02% AR 6.23% WI 4.20% LA 13.14% IL 6.95% MI IN 2.33 % OH 1.02% KY 4.14% TN 7.58% MS 10.70% AL 8.85% VT 9.35% PA 8.44% NY 6.53% WV 6.34% GA 5.49% RI 4.55% CT 6.34% NJ 9.19% MD 13.19% VA 9.91 % NC 8.44 % SC 7.79% FL % MA 1.11% DE 8.92% DC 11.30% Source: Office of Federal Housing Enterprise Oversight

9 What s Going On...? Home Values 2007 = 1.8% AK 4.6% NH -0.4% ME 2.9% HI 2.3% Appreciation >20% 15%-20% 10%-15% 5%-10% 0-5% Negative OR 5.6% WA 7.0% CA -3.6% NV -2.4% ID 6.9% UT 12.9% AZ -0.2% MT 7.7% WY 11.8% CO 2.2% NM 7.4% ND 6.3% SD 5.0% NE 1.7% KS 3.9% MN -0.1% OK 5.5% IA 3.2% MO 2.7% AR 4.1% WI 2.5% TX 6.3% LA 5.4% IL 2.5% MI -3.7% IN 2.0% OH -0.1% KY 3.8% TN 6.0% MS 5.1% AL 5.3% VT 4.8% PA 4.1% NY 1.4% CT 1.0% NJ 0.9% WV 3.6% VA 2.9% GA 3.5% MD 2.5% NC 6.5% SC 5.1% RI -2.2% FL -2.1% Source: Office of Federal Housing Enterprise Oversight MA -2.3% DE 3.7% DC 5.2%

10 What s Going On...? Short Sales Impact on the Market & the Borrower Definition: A sale by the homeowner in which the net proceeds are not enough to pay off the outstanding debt secured by the home. Borrower usually relieved of liability for unpaid balance. Lender normally won t approve short sale unless satisfied that borrower won t pay shortfall from other resources Increase in number of short sales due to declining housing market and increase of borrower debt (1st and 2nd Mortgages and Equity Lines) Forgiven debt by lender results in taxable income to borrower and negative impact on credit *Most lenders treat short sales as a foreclosure and will mark credit settled for less than amount due Negative equities paid by employer treated as taxable income Short sales take time to process due to thorough review by lender

11 What to Expect... Fewer Amended Sales Longer Marketing Times Increased Spending Prepare for Longer-Term Cost Impacts More homes in inventory, longer-term Prepare for higher Total Direct Operating Expenses (TDOE) Anticipate increases in related policy areas Temp housing, duplicate housing, storage-in-transit

12 What to Expect... Challenging Homes Become More Challenging Location busy streets Power lines Functional layout No curb appeal Rural area

13 Time is Money Don t Buy It! And if you do... Get it Sold!

14 Positioning for Success The Basics... Price it right Move in condition (Do the basic R & I) Stand apart- incentives and offerings Speed/action How to do it Tighten your Policy with must-have components Fixed benefits levels - Restrictions and limitations 2. Adjust your Program with discretionary elements Added components can be adjusted to fit conditions.

15 Policy Must-Haves Drive Employee Sales Use Relocation Specialists Cartus Broker Network Average savings of $3,963/home (inventory homes) Average 22 fewer days in inventory On list appraisers: ERC s standard guidelines / Top 3 appraisers Appraisals Reasonable vs. Normal days maximum Allow for forecasting and market change adjustments Foreclosures are valid comparables Review out of variance guidelines Offer at 95% of AV Shifting markets require specialized expertise

16 Policy Must-Haves Drive Employee Sales Institute Marketing Guidelines Mandatory marketing: Establish minimum marketing times- 60 days Institute list price parameters -bring closer to BMA Standard: 108% - 110% Now recommend: 103% - 105% Encourage listing below AV 30-day offer period Mandatory reductions after 30 days Negotiate all offers Consider all offers Accept offers below AV

17 Policy Must-Haves Drive Employee Sales Hold the Line on Exceptions! Tighten internal controls Adhere to property eligibility requirements Update! BVO only Determine expiration of benefits-recommend 180 days Guaranteed offer Eliminate appeals

18 Policy Must-Haves Drive Employee Sales Add Incentives and Allowances Fix-up / improvement allowances Employee incentives Typically range from 1%-3%, with a cap Consider a time-sensitive sliding scale Teasers Special financing

19 Best-in-Class Example: Policy Components That Drive Amended Sales Client X Amended Sale Rate: 71.3% 60-day mandatory marketing time 3% bonus based on net sale price Client X will amend sales according to AV. Examples follow. Example One Example Two Example Three Appraised Value $100,000 $100,000 $100,000 Sale Price $97,000 $102,000 $103,000 Buyer Concessions $2,000 $3,000 $ - Net Sale Price $95,000 $99,000 $103,000 Employee Funded on $100,000 $100,000 $103,000 Bonus $2,850 $2,970 $3,090 Total Employee Receives $102,850 $102,970 $106,090

20 Critical Actions Help Sell Homes Fast 1. Price it Right! The days of pricing and waiting to get your price are gone. Price competitively Accurate pricing drives sales Be prepared to re-price every 30 days Obtain updated BMA Know your competition! 0 Houses priced right are selling. Jeff Otteau, former chairman of ERC Appraisal Standards Council, Orange County Register, Oct Percentage of Average < Average Resale Loss - DOM

21 Critical Actions Help Sell Homes Fast! 2. Make it move-in condition! Buyers want move-in condition Eliminate condition as factor for buyers Cosmetic enhancements Accelerate the R&I improvement process Raise R&I approval limits: minimum 3% AV Support more flexible bid process: Recommend: $500 no bids $501-$1,999 one bid $2,000 two bids Equity advance

22 Critical Actions Help Sell Homes Fast! 3. Get Creative! Allowances and incentives set you apart from the competition The buyer is king! Buyer allowances key to attracting attention Becoming a requirement for differentiation Start early or after days of marketing Consider: Closing costs/special financing Elective/targeted allowances Package your company s own products/services Buyer/Agent incentives no longer as effective

23 Critical Actions Help Sell Homes Fast! 4. Speed it Up Flexibility is key Gain approval on resale loss limits in advance Review internal policy escalation guidelines Review approval limits unexpected expenses 48-hour turnaround is minimum standard

24 A Cost Comparison: Three Scenarios Scenario One Scenario Two Scenario Three Appraised Value $500,000 $500,000 $500,000 Sale Price $450,000 $470,000 $460,000 Days in Inventory Resale Gain/Loss ($50,000) ($30,000) ($40,000) Estimated Total Direct Costs $44, $86, $65, Acquisition Costs $2,300 $2,300 $2,300 Net Loss $97, $118, $108,105.48

25 What s Working: Cartus Initiatives Education and Awareness Appraisers Brokers Cartus staff Client

26 What s Working: Cartus Initiatives Appraiser Market Valuation Market calls: Collaborate and share market data, changes and trends with relocation appraisers and our network brokers Appraiser training in key states and markets: Analyze sales, new construction, short sales, and listing data discussing absorption rates and forecasting Analysis of variance rates on weekly basis

27 What s Working: Cartus Initiatives Marketing Conduct brainstorming sessions with consultants and real estate specialists to create innovative marketing strategies SWAT marketing calls with brokers to discuss marketing approaches on specific properties. Builds broker partnership to jointly educate, position, and influence the customer Inventory Strategy Monthly calls/meetings to review employee s progress with marketing the home and any adjustments needed Monthly client inventory calls to review challenges, marketing approaches and approved immediate actions Client e-learning on marketing conditions 2008 Inventory call with broker, agents and Cartus Inventory manager to discuss innovative approaches to marketing individual homes Consider bundling your company s products & services Incentives or creative offerings

28 Summary: Setting Yourself Up for Success 1. Price it Right 2. Move-in condition (Do basic R&I) 3. Stand apart incentives and offerings 4. Speed/action Examine your policy Educate up Set approval limits Teamwork

29 and

30 Thank you! Upcoming elearning series Cartus' solution for the elimination of the 400N Tariff: Adapting the Acadia model for Domestic Household Goods An archived link of this elearning will be sent to all registrants via on February 21. For questions, comments or to request a PDF version of the presentation, please contact: March 26 2:00 p.m. EST Presenter: Pat DeDonato

Real Estate Update. elearning series. Upcoming elearning series. Year-End Planning. September 16

Real Estate Update. elearning series. Upcoming elearning series. Year-End Planning. September 16 Real Estate Update Upcoming elearning series Year-End Planning September 16 Kevin Russell Senior Vice President, Sales & Account Management, Cartus Home Loans Renee Carnes-Rook Vice President, Real Estate

More information

Welcome. Introductions Nature Expectations Agenda Timing. Home Sweet Home 2

Welcome. Introductions Nature Expectations Agenda Timing. Home Sweet Home 2 Welcome Introductions Nature Expectations Agenda Timing Home Sweet Home 2 Objectives Role of Relocation Program Role of Housing Programs Budgeting Research Neighborhood Rent vs. Buy Decision Making Rental

More information

HOUSING DISCRIMINATION SURVEY

HOUSING DISCRIMINATION SURVEY HOUSING DISCRIMINATION SURVEY 1. Which part of the United States does your organization serve? (Feel free to check off more than one box.) Northwest (AK, WA, OR and ID). 11.7% 64 West (HI, CA, NV and AZ).

More information

Winning with Foreclosures

Winning with Foreclosures Buying Bank-Owned Foreclosures (REO) and Short Sales Courtesy of Name: Phone: Email: Diane Van Slyke 209.681.4275 ib4u@kw.com Terms you should know: 1. Distressed Property: This term refers to all pre-foreclosure

More information

The Subject Section. Chapter 2. Property Address

The Subject Section. Chapter 2. Property Address Chapter 2 The Subject Section The SUBJECT section of the URAR introduces the appraisal assignment by presenting important information about the subject property. The SUBJECT section provides spaces for

More information

Do Family Wealth Shocks Affect Fertility Choices?

Do Family Wealth Shocks Affect Fertility Choices? Do Family Wealth Shocks Affect Fertility Choices? Evidence from the Housing Market Boom Michael F. Lovenheim (Cornell University) Kevin J. Mumford (Purdue University) Purdue University SHaPE Seminar January

More information

Colliers International STUDENT HOUSING. National Sales Report Year End

Colliers International STUDENT HOUSING. National Sales Report Year End Colliers International STUDENT HOUSING National Sales Report 2016 Year End NATIONAL SALES In 2016 there were 330 recorded student housing transactions totaling over $6.6 billion in sales with an average

More information

THINGS TO CONSIDER WHEN SELLING YOUR HOUSE SPRING 2018 EDITION

THINGS TO CONSIDER WHEN SELLING YOUR HOUSE SPRING 2018 EDITION THINGS TO CONSIDER WHEN SELLING YOUR HOUSE SPRING 2018 EDITION TABLE OF CONTENTS 3 5 Reasons To Sell This Spring WHAT'S HAPPENING IN THE HOUSING MARKET? 5 Lack Of Listings Slowing Down The Market 6 Buyer

More information

In the early 1980s only a handful of community land trusts existed in the United States

In the early 1980s only a handful of community land trusts existed in the United States C h a p t e r 1 Introducing the CLT In the early 1980s only a handful of community land trusts existed in the United States nearly all located in rural areas. By 2008, more than 200 CLT programs were operating

More information

Real Estate Investor Market Research Report. Real Estate IRA Investment Trends & Insights

Real Estate Investor Market Research Report. Real Estate IRA Investment Trends & Insights 2017 Real Estate Investor Market Research Report Real Estate IRA Investment Trends & Insights Contents Introduction... 2 Entrust IRA Real Estate Investment Trends... 3 Where Investors Bought Real Estate...

More information

OCCUPIER SERVICES TEAM A SINGLE SOURCE FOR WORLD-CLASS REAL ESTATE OUTCOMES

OCCUPIER SERVICES TEAM A SINGLE SOURCE FOR WORLD-CLASS REAL ESTATE OUTCOMES OCCUPIER SERVICES TEAM A SINGLE SOURCE FOR WORLD-CLASS REAL ESTATE OUTCOMES CBRE S PLATFORM LEADING GLOBAL BRAND AND LEADERSHIP WITH ROBUST CAPABILITIES 2 SPACE DISPOSITION (SALE) SPACE DISPOSITION (SUBLEASE)

More information

Recovery? Growth? Jobs? Capital Investment?

Recovery? Growth? Jobs? Capital Investment? Recovery? Growth? Jobs? Capital Investment? Turning the Corner? Presented by Dr. Ivan Miestchovich, Jr., Director Institute for Economic Development & Real Estate Research The University of New Orleans

More information

Rural Development Single Family Housing Guaranteed Loan Program Indiana Income Limits per Household Size

Rural Development Single Family Housing Guaranteed Loan Program Indiana Income Limits per Household Size Rural Development Single Family Housing Guaranteed Loan Program Indiana Income Limits per Household Size WA ME OR CA NV ID AZ UT MT WY CO NM ND SD NE KS MN WI IA MO OK AR IL MS MI OH IN KY TN AL GA WV

More information

Municipal Finance: Conditions, Local Responses, and Outlook for the Future

Municipal Finance: Conditions, Local Responses, and Outlook for the Future Municipal Finance: Conditions, Local Responses, and Outlook for the Future Chris Hoene, Director, Policy & Research, National League of Cities Michael A. Pagano, Dean, College of Urban Planning & Public

More information

Your Key to New Homeownership

Your Key to New Homeownership Weichert, Realtors Your Key to New Homeownership Offices Across America Weichert, Realtors Preparation leads to success. What we will discuss today: Your wants and needs What s happening in the market

More information

Hackman Chicago Infill Industrial Portfolio

Hackman Chicago Infill Industrial Portfolio Hackman Chicago Infill Industrial Portfolio EXECUTIVE SUMMARY Robin Stolberg and Kurt Sarbaugh, licensed real estate brokers in the state of Illinois, along with Holliday Fenoglio Fowler, L.P. (collectively

More information

No Survey Required w/ Survey. Affidavit. Affidavit. Affidavit

No Survey Required w/ Survey. Affidavit. Affidavit. Affidavit STATE Purchase Residential Refinance Residential Additional Information Survey Required: Survey Required: Alabama AL No survey required w/ Survey w/survey Alaska AK Yes Survey Required Survey required

More information

DEPARTMENT OF PROFESSIONAL AND OCCUPATIONAL REGULATION REAL ESTATE APPRAISER BOARD

DEPARTMENT OF PROFESSIONAL AND OCCUPATIONAL REGULATION REAL ESTATE APPRAISER BOARD DEPARTMENT OF PROFESSIONAL AND OCCUPATIONAL REGULATION REAL ESTATE APPRAISER BOARD Report to the House Committee on General Laws Senate Committee on General Laws and Technology Housing Commission Evaluation

More information

THINGS TO CONSIDER WHEN SELLING YOUR HOUSE. Licensed Brokers MA and FL SUMMER 2018 EDITION

THINGS TO CONSIDER WHEN SELLING YOUR HOUSE. Licensed Brokers MA and FL SUMMER 2018 EDITION THINGS TO CONSIDER WHEN SELLING YOUR HOUSE Licensed Brokers MA and FL SUMMER 2018 EDITION TABLE OF CONTENTS 3 5 Reasons To Sell This Summer WHAT'S HAPPENING IN THE HOUSING MARKET? 5 6 7 8 10 Lack Of Listings

More information

RESA Reports. real estate Staging Pricing. Brought to you by the Real Estate Staging Association

RESA Reports. real estate Staging Pricing. Brought to you by the Real Estate Staging Association May 2015 RESA Reports real estate Staging Pricing Photo Courtesy of Moving Mountains Design Brought to you by the Real Estate Staging Association www.realestatestagingassociation.com Real Estate Staging

More information

EDITION THINGS TO CONSIDER WHEN SELLING YOUR HOUSE

EDITION THINGS TO CONSIDER WHEN SELLING YOUR HOUSE WINTER 2018 EDITION THINGS TO CONSIDER WHEN SELLING YOUR HOUSE TABLE OF CONTENTS 3 5 Reasons To Sell This Winter WHAT'S HAPPENING IN THE HOUSING MARKET? 5 Buyer Demand Continues To Outpace Inventory Of

More information

Senior Title by Knud E. Hermansen P.L.S., P.E., Ph.D., Esq.

Senior Title by Knud E. Hermansen P.L.S., P.E., Ph.D., Esq. Senior Title by Knud E. Hermansen P.L.S., P.E., Ph.D., Esq. Recently, I presented to surveyors a problem similar to the following: A to a pin on the easterly bank of Cedear Stream; thence along the stream,

More information

Titling Reform: How States Can Attract Investment in Manufactured Homes

Titling Reform: How States Can Attract Investment in Manufactured Homes Titling Reform: How States Can Attract Investment in Manufactured Homes SUMMARY The new Duty to Serve rule adopted by the Federal Housing Finance Agency (FHFA) will give mortgage giants Fannie Mae and

More information

THINGS TO CONSIDER WHEN SELLING YOUR HOUSE

THINGS TO CONSIDER WHEN SELLING YOUR HOUSE THINGS TO CONSIDER WHEN SELLING YOUR HOUSE 3 TABLE OF CONTENTS 5 Reasons To Sell This Fall WHAT'S HAPPENING IN THE HOUSING MARKET? 5 6 8 9 10 Home Prices Over The Last Year The Real Reason Home Prices

More information

THINGS TO CONSIDER WHEN SELLING YOUR HOUSE FALL 2018 EDITION

THINGS TO CONSIDER WHEN SELLING YOUR HOUSE FALL 2018 EDITION THINGS TO CONSIDER WHEN SELLING YOUR HOUSE FALL 2018 EDITION 3 WHAT'S HAPPENING IN THE HOUSING MARKET? 5 6 8 Home Prices Over The Last Year The Real Reason Home Prices Are Increasing 651,000 Homeowners

More information

False Sense of Security

False Sense of Security False Sense of Security The Failure of Increased Security Deposits in Converting and Assuring Payment Performance from Conditionally Approved Apartment Renters Executive Summary For many hard working American

More information

List of 2009 Round Allocations

List of 2009 Round Allocations List of 2009 Round Allocations CDFI 601 Thirteenth Street, NW, Suite 200, South, Washington, DC 20005 (202) 622-8662 9 10 CDFI 601 Thirteenth Street, NW, Suite 200, South, Washington, DC 20005 (202) 622-8662

More information

Cottage Food Laws as of December 2014

Cottage Food Laws as of December 2014 Cottage Food Laws as of December 2014 State Primary Statute Foods Allowed Revenue Venue Restrictions Additional requirements: These are just highlights, please Limit check your state law and any local

More information

Goomzee Corporation Fall MLS Platforms. America s MLS Platform Vendors & Market Distribution. Goomzee Research

Goomzee Corporation Fall MLS Platforms. America s MLS Platform Vendors & Market Distribution. Goomzee Research Fall 2009 MLS Platforms America s MLS Platform Vendors & Market Distribution Goomzee s MLS Vendor Market Research Over 500 MLS organizations were polled in this research report. This was initially an internal

More information

THINGS TO CONSIDER WHEN SELLING YOUR HOUSE EDITION

THINGS TO CONSIDER WHEN SELLING YOUR HOUSE EDITION THINGS TO CONSIDER WHEN SELLING YOUR HOUSE FALL 2018 EDITION TABLE OF CONTENTS 3 5 Reasons To Sell This Fall WHAT'S HAPPENING IN THE HOUSING MARKET? 5 Home Prices Over The Last Year 6 The Real Reason Home

More information

Creating value. Development and Asset Strategy (DAS) Practice

Creating value. Development and Asset Strategy (DAS) Practice Creating value Development and Asset Strategy (DAS) Practice Land and development brokerage Specialized skills - National coverage Developing value Clients Properties Owners and Investors Residential,

More information

VERMONT S RENTAL HOUSING AFFORDABILITY GAP CONTINUES TO GROW The Average Vermont Renter Can t Afford a Modest 2-Bedroom Apartment

VERMONT S RENTAL HOUSING AFFORDABILITY GAP CONTINUES TO GROW The Average Vermont Renter Can t Afford a Modest 2-Bedroom Apartment vermont affordable housing coalition FOR IMMEDIATE RELEASE: June 13, 2016 CONTACT: Erhard Mahnke, 802.233.2902, erhardm@vtaffordablehousing.org Renée Sarao, 802.660.9484, renee.vahc@gmail.com VERMONT S

More information

NATIONAL ASSOCIATION OF REALTORS RESEARCH DIVISION

NATIONAL ASSOCIATION OF REALTORS RESEARCH DIVISION NATIONAL ASSOCIATION OF REALTORS RESEARCH DIVISION COMMERCIAL REAL ESTATE Positive Demand Overcomes Weak Economic Performance in 2014.Q1 George Ratiu Director, Quantitative & Commercial Research First

More information

THINGS TO CONSIDER WHEN SELLING YOUR HOUSE EDITION

THINGS TO CONSIDER WHEN SELLING YOUR HOUSE EDITION THINGS TO CONSIDER WHEN SELLING YOUR HOUSE FALL 2018 EDITION TABLE OF CONTENTS 3 5 Reasons To Sell This Fall WHAT'S HAPPENING IN THE HOUSING MARKET? 5 Home Prices Over The Last Year 6 The Real Reason Home

More information

VSIP POSITION LISTING American Federation of Government Employees

VSIP POSITION LISTING American Federation of Government Employees HQ Washington, DC Office of Public Housing Investments Public Housing Revitalization Specialist GS 15 11 Public Housing Revitalization Specialist GS 14 14 Public Housing Revitalization Specialist GS 13

More information

General Services Administration Federal Acquisition Service Authorized Federal Supply Schedule Price List

General Services Administration Federal Acquisition Service Authorized Federal Supply Schedule Price List General Services Administration Federal Acquisition Service Authorized Federal Supply Schedule Price List On-line access to the Cartus price list and terms are available through GSA Advantage at www.gsaadvantage.gov.

More information

REAL ESTATE MARKETING UPDATE

REAL ESTATE MARKETING UPDATE December 2009 From the Desk of Renee Carnes-Rook Vice President, Real Estate Services Talk about going back to the basics. Getting homes sold both through effective marketing of employees' homes and successful

More information

National Foreclosure Report

National Foreclosure Report National Foreclosure Report FEBRUARY 2016 2.6% In February, the foreclosure inventory was down 2.6 percent from January 2016, representing 52 months of consecutive year-overyear declines. Job creation

More information

If It s Property Tax Exempt, Tax It Anyway!

If It s Property Tax Exempt, Tax It Anyway! If It s Property Tax Exempt, Tax It Anyway! How Local Jurisdictions Tax Publicly Owned Properties Cutchin Powell Principal Ryan, LLC Washington, DC cutchin.powell@ryan.com Colin Fraser Associate Greenberg

More information

REALTORS CONFIDENCE INDEX SURVEY Report on the December 2015 Survey

REALTORS CONFIDENCE INDEX SURVEY Report on the December 2015 Survey REALTORS CONFIDENCE INDEX SURVEY Report on the December 2015 Survey The REALTORS Confidence Index (RCI) report provides monthly information about real estate market conditions and expectations, buyer/seller

More information

National Foreclosure Report

National Foreclosure Report National Foreclosure Report OCTOBER 20 1.5% In October, the foreclosure inventory was down 1.5 percent from September 20, representing 48 months of consecutive year-overyear declines. Improved economic

More information

Introduction to PACE Slides (General Audience)

Introduction to PACE Slides (General Audience) Introduction to PACE Slides (General Audience) GREENWORKS LENDING [ Greenworks Lending is a rapidly growing finance company that invests in commercial real estate with the goal of reducing costs and increasing

More information

IRA ROTH IRA STATUTE AND SPECIAL PROVISIONS. YES NO Ala. Code 19-3B % for assets held in qualified trusts.

IRA ROTH IRA STATUTE AND SPECIAL PROVISIONS. YES NO Ala. Code 19-3B % for assets held in qualified trusts. AL NO $15,000 on property not exceeding 160 acres in area. Ala. Code 6-10-2. AK YES $54,000 Alaska Stat. 09.38.010 AZ NO $150,000 Ariz. Rev. Stat. Ann. 33-1101(A) AR YES UNLIMITED for married persons/heads

More information

THINGS TO CONSIDER WHEN SELLING YOUR HOUSE WINTER 2018 EDITION

THINGS TO CONSIDER WHEN SELLING YOUR HOUSE WINTER 2018 EDITION THINGS TO CONSIDER WHEN SELLING YOUR HOUSE WINTER 2018 EDITION TABLE OF CONTENTS 3 5 Reasons To Sell This Winter WHAT'S HAPPENING IN THE HOUSING MARKET? 5 6 7 Buyer Demand Continues To Outpace Inventory

More information

OUR DETAIL IS RETAIL.

OUR DETAIL IS RETAIL. OUR DETAIL IS RETAIL. GILBERT GROUP ADVANTAGE Rooted with local knowledge and experience strengthened by national reach. PROPERTY MANAGEMENT PROJECT LEASING TENANT REPRESENTATION GILBERT GROUP ABOUT US

More information

Zombie and Vacant Properties Remediation Initiative: Emerging Best Practices

Zombie and Vacant Properties Remediation Initiative: Emerging Best Practices Zombie and Vacant Properties Remediation Initiative: Emerging Best Practices 1 Our Reach Office Locations Atlanta, GA Boston, MA Buffalo, NY Chicago, IL (LISC, NEF, NMSC) Cincinnati, OH Detroit, MI Duluth,

More information

LUXURY MARKET REPORT. - February

LUXURY MARKET REPORT. - February LUXURY MARKET REPORT - February 2018 - www.luxuryhomeing.com THIS IS YOUR LUXURY MARKET REPORT MAP OF LUXURY RESIDENTIAL MARKETS Welcome to the Luxury Report, your guide to luxury real estate market data

More information

UPPER PORTION OF FRONT OF LEASE AGREEMENT 10

UPPER PORTION OF FRONT OF LEASE AGREEMENT 10 Ally SmartLease Agreement 10 (AF-671-MULTISTATE 8/11) AK, AZ, DE, GA, KY, MN, MT, NV, NM, NC, ND, OH, SD, TN, UT, VA and DC Attachment A Instructions for F&I System Programming and for Dealership Completion

More information

LUXURY MARKET REPORT. - January

LUXURY MARKET REPORT. - January LUXURY MARKET REPORT - January 2018 - www.luxuryhomemarketing.com THIS IS YOUR LUXURY MARKET REPORT MAP OF LUXURY RESIDENTIAL MARKETS Welcome to the Luxury Market Report, your guide to luxury real estate

More information

LUXURY MARKET REPORT. - May

LUXURY MARKET REPORT. - May LUXURY MARKET REPORT - May 2018 - www.luxuryhomeing.com THIS IS YOUR LUXURY MARKET REPORT MAP OF LUXURY RESIDENTIAL MARKETS Welcome to the Luxury Report, your guide to luxury real estate market data and

More information

WESTCHESTER COUNTY MARKET OVERVIEW AND DEVELOPMENT TRENDS

WESTCHESTER COUNTY MARKET OVERVIEW AND DEVELOPMENT TRENDS WESTCHESTER COUNTY MARKET OVERVIEW AND DEVELOPMENT TRENDS PACE LAND USE LAW CENTER ANNUAL CONFERENCE PRESENTED BY: WILLIAM V. CUDDY, JR. December, 2017 PAGE 0 MULTIFAMILY RESIDENTIAL AND ECONOMIC DEVELOPMENT

More information

Click To Edit Master Title Style

Click To Edit Master Title Style De Home Energy Score for Local Governments Click To Edit Master Title Style February 2017 DOE s Home Energy Score: What Is It? A miles-per-gallon rating for single family homes Standardized US DOE rating

More information

THINGS TO CONSIDER WHEN SELLING YOUR HOUSE SUMMER 2017 EDITION

THINGS TO CONSIDER WHEN SELLING YOUR HOUSE SUMMER 2017 EDITION THINGS TO CONSIDER WHEN SELLING YOUR HOUSE SUMMER 2017 EDITION TABLE OF CONTENTS 3 5 REASONS TO SELL THIS SUMMER WHAT'S HAPPENING IN THE HOUSING MARKET? 5 LACK OF LISTINGS SLOWING DOWN THE HOUSING MARKET

More information

THE OUTLOOK FOR HOUSING IN ILLINOIS

THE OUTLOOK FOR HOUSING IN ILLINOIS THE OUTLOOK FOR HOUSING IN ILLINOIS Jonathan Smoke Chief Economist January 25, 2017 NATIONAL TRENDS 2 2000.01 2000.05 2000.09 2001.01 2001.05 2001.09 2002.01 2002.05 2002.09 2003.01 2003.05 2003.09 2004.01

More information

2016 Board of Directors. Directory

2016 Board of Directors. Directory 2016 Board of Directors Directory P a g e 2 Important Dates 2016 Exam Committee Meeting Thursday/Friday April 7&8, 2016 Glenbrook Hospital, Glenview Illinois Meeting Room E (4/7) Meeting Room D (4/8) LANA

More information

Loss-on Sale: Factors to Consider

Loss-on Sale: Factors to Consider Loss-on Sale: Factors to Consider With home prices dropping and real estate markets nationwide negatively impacted by record foreclosures, it s increasingly likely that your relocating employees will find

More information

Real Estate Recording Legislation Includes URPERA

Real Estate Recording Legislation Includes URPERA For further information please contact: Real Estate Recording Legislation Includes URPERA Paul Hodnefield Associate General Counsel Phone: (651) 494-1730 Toll Free: (800) 927-9801, Ext 61730 Email: paul.hodnefield@cscglobal.com

More information

LUXURY MARKET REPORT. - March

LUXURY MARKET REPORT. - March LUXURY MARKET REPORT - March 2018 - www.luxuryhomemarketing.com THIS IS YOUR LUXURY MARKET REPORT MAP OF LUXURY RESIDENTIAL MARKETS Welcome to the Luxury Market Report, your guide to luxury real estate

More information

REALTORS CONFIDENCE INDEX SURVEY Report on the April 2017 Survey

REALTORS CONFIDENCE INDEX SURVEY Report on the April 2017 Survey REALTORS CONFIDENCE INDEX SURVEY Report on the April 2017 Survey The REALTORS Confidence Index (RCI) report provides monthly information about real estate market conditions and expectations, buyer/seller

More information

State of the Nation s Housing 2008: A Preview

State of the Nation s Housing 2008: A Preview State of the Nation s Housing 28: A Preview Eric S. Belsky Remodeling Futures Conference April 15, 28 www.jchs.harvard.edu The Housing Market Has Suffered Steep Declines Percent Change Median Existing

More information

State Laws Affecting the Performance of Appraisals/BPOs/CMAs/BOVs. By Real Estate Brokers and Salespersons 1

State Laws Affecting the Performance of Appraisals/BPOs/CMAs/BOVs. By Real Estate Brokers and Salespersons 1 200 W. Madison T 312-335-4100 Suite 1500 F 312-335-4400 Chicago, IL 60606 www.appraisalinstitute.org State Laws Affecting the Performance of Appraisals/BPOs/CMAs/BOVs By Real Estate Brokers and Salespersons

More information

LUXURY MARKET REPORT. - March

LUXURY MARKET REPORT. - March LUXURY MARKET REPORT - March 2018 - www.luxuryhomeing.com THIS IS YOUR LUXURY MARKET REPORT MAP OF LUXURY RESIDENTIAL MARKETS Welcome to the Luxury Report, your guide to luxury real estate market data

More information

REALTORS CONFIDENCE INDEX SURVEY Report on the March 2017 Survey

REALTORS CONFIDENCE INDEX SURVEY Report on the March 2017 Survey REALTORS CONFIDENCE INDEX SURVEY Report on the March 2017 Survey The REALTORS Confidence Index (RCI) report provides monthly information about real estate market conditions and expectations, buyer/seller

More information

Housing Price Forecasts. Illinois and Chicago PMSA, October 2014

Housing Price Forecasts. Illinois and Chicago PMSA, October 2014 Housing Price Forecasts Illinois and Chicago PMSA, October 2014 Presented To Illinois Association of Realtors From R E A L Regional Economics Applications Laboratory, Institute of Government and Public

More information

April 4, p.m. Eastern

April 4, p.m. Eastern April 4, 2017 2 p.m. Eastern Worldwide ERC would like to thank today s sponsor: 2017 Worldwide ERC Tips and Tools for Understanding the U.S. Real Estate Market, and Its Impact on Your Relocation Program

More information

Cost of Living Comparisons: Valdosta, Georgia, and the Nation Third Quarter 2009 October 23, 2009

Cost of Living Comparisons: Valdosta, Georgia, and the Nation Third Quarter 2009 October 23, 2009 Overview In the third quarter of 2009, survey data suggest that the cost of living for middle management households in Georgia communities is about 8.3 percent less, on average, than in the rest of the

More information

CONTENTS. It s a good life!

CONTENTS. It s a good life! Twice a year, we produce Brian Buffini s Real Estate Report to give you a snapshot of today s market and to help you educate your clients on the process of buying or selling a home. I recommend that you

More information

County of Sonoma Agenda Item Summary Report

County of Sonoma Agenda Item Summary Report Revision No. 20151201-1 County of Sonoma Agenda Item Summary Report Agenda Item Number: 32 (This Section for use by Clerk of the Board Only.) Clerk of the Board 575 Administration Drive Santa Rosa, CA

More information

SAVI TALKS HOUSING: How Indy s affordable housing market is changing and why it matters. Photo courtesy of Near East Area Renewal

SAVI TALKS HOUSING: How Indy s affordable housing market is changing and why it matters. Photo courtesy of Near East Area Renewal SAVI TALKS HOUSING: How Indy s affordable housing market is changing and why it matters Photo courtesy of Near East Area Renewal Getting past the misperception Pruiett - Igoe Pruitt-Igoe, built in 1954

More information

Market Trends and Outlook

Market Trends and Outlook Residential Remodeling Market Trends and Outlook Kermit Baker Remodeling Futures Conference April 3, 2012 Remodeling Market Overview 1. Home improvement spending totaled an estimated $290 billion last

More information

PART 1 - Preface 2nd Revised Page 1 SECTION 8 - Special Construction. Special Construction

PART 1 - Preface 2nd Revised Page 1 SECTION 8 - Special Construction. Special Construction PART 1 - Preface 2nd Revised Page 1 (C) 1. General This Section contains the Conditions and Charges applicable for special construction of interstate facilities. When special construction of facilities

More information

Residential Real Estate The Case for Buying Now

Residential Real Estate The Case for Buying Now January 2012 Inform. Engage. Empower. Residential Real Estate It s always darkest before the dawn. At least that s what we ve been told time and time again for the past five years by the more sanguine

More information

Housing Price Forecasts. Illinois and Chicago PMSA, June 2012

Housing Price Forecasts. Illinois and Chicago PMSA, June 2012 Housing Price Forecasts Illinois and Chicago PMSA, June 2012 Presented To Illinois Association of REALTORS From R E A L Regional Economics Applications Laboratory, Institute of Government and Public Affairs

More information

NEW ACCOUNT CREDIT APPLICATION

NEW ACCOUNT CREDIT APPLICATION NEW ACCOUNT CREDIT APPLICATION Please email or fax the completed form to the Credit Department: creditinfo@verrents.com 818-956-1178 COMPANY (LEGAL NAME) DOING BUSINESS AS (IF APPLICABLE) BASIC INFORMATION

More information

Housing Affordability: Local and National Perspectives

Housing Affordability: Local and National Perspectives University of Pennsylvania ScholarlyCommons 2018 ADRF Network Research Conference Presentations ADRF Network Research Conference Presentations 11-2018 Housing Affordability: Local and National Perspectives

More information

Appraised Value and Energy Efficiency: Getting It Right

Appraised Value and Energy Efficiency: Getting It Right Appraised Value and Energy Efficiency: Getting It Right Presenter: Sandra Adomatis January 16-17, 2018 and January 23-24, 2018 Sandra K. Adomatis, SRA, LEED Green Assoc. Author Educator Real Estate Appraiser

More information

PACE LAW SCHOOL LAND USE & SUSTAINABLE DEVELOPMENT CONFERENCE

PACE LAW SCHOOL LAND USE & SUSTAINABLE DEVELOPMENT CONFERENCE PACE LAW SCHOOL LAND USE & SUSTAINABLE DEVELOPMENT CONFERENCE PRESENTED BY: WILLIAM V. CUDDY, JR. December 8, 2016 Multifamily Residential Development as a driver and consequence of economic development

More information

Metropolitan Indianapolis Board of REALTORS. Broker/Owner Meeting March 14, 2007

Metropolitan Indianapolis Board of REALTORS. Broker/Owner Meeting March 14, 2007 Metropolitan Indianapolis Board of REALTORS Broker/Owner Meeting March 14, 2007 Tom Renkert Information Services Director MIBOR PropertyLinx 2 Implementation Time Line February 1-28 March 1 June 30 July

More information

Joint Center for Housing Studies. Harvard University

Joint Center for Housing Studies. Harvard University Joint Center for Housing Studies Harvard University Re-Weighting the Number of Households Undertaking Home Improvements in the 2013 American Housing Survey to Correct for Shifting Data Collection Periods

More information

MAMA Risk Summary Data through 2011 Q3

MAMA Risk Summary Data through 2011 Q3 MAMA Risk Summary Data through 2011 Q3 Table of Contents Report Contents... 2 Summary... 3 MAMA Risk Summary Indicators for Largest 50 Metro Areas... 4 Home Prices Risk Indicator Summary Map... 6 Employment

More information

Understanding Outcomes for Buyers in Long-Term Affordable Homeownership Programs

Understanding Outcomes for Buyers in Long-Term Affordable Homeownership Programs Understanding Outcomes for Buyers in Long-Term Affordable Homeownership Programs 2013 Policy Summit on Housing, Human Capital, and Inequality September 19, 2013 Rob Pitingolo rpitingolo @ urban.org 2100

More information

REALTOR.COM MARKET OUTLOOK

REALTOR.COM MARKET OUTLOOK REALTOR.COM MARKET OUTLOOK Realtor.com Economics January 2019 2019 Move, Inc. All rights reserved. Do not copy or distribute. AGENDA Economic and housing data and insights from realtor.com National Forecast

More information

Home Selling Assistance

Home Selling Assistance Home Selling Assistance G etting the right employees in the right job, in the right location, at the right time, at the lowest possible cost is more challenging than ever. Today s workers are reluctant

More information

THINGS TO CONSIDER WHEN SELLING YOUR HOUSE WINTER 2019 EDITION

THINGS TO CONSIDER WHEN SELLING YOUR HOUSE WINTER 2019 EDITION THINGS TO CONSIDER WHEN SELLING YOUR HOUSE WINTER 2019 EDITION TABLE OF CONTENTS 3 5 Reasons To Sell This Winter WHAT'S HAPPENING IN THE HOUSING MARKET? 5 Home Prices Over The Last Year 6 26% Of Homes

More information

Incentive and Tax Credit Programs. Council of Development Finance Agencies Intro Energy Finance Course July 31 st August 1 st, 2012 Washington, D.C.

Incentive and Tax Credit Programs. Council of Development Finance Agencies Intro Energy Finance Course July 31 st August 1 st, 2012 Washington, D.C. Incentive and Tax Credit Programs Council of Development Finance Agencies Intro Energy Finance Course July 31 st August 1 st, 2012 Washington, D.C. AGENDA Introduction Tax Credit Overview Energy Credit

More information

2017 RESIDENTIAL REAL ESTATE MARKET REPORT

2017 RESIDENTIAL REAL ESTATE MARKET REPORT 2017 RESIDENTIAL REAL ESTATE MARKET REPORT Published January 26, 2018 Our market reports have been focused on the effects of low inventory on our housing market and for good reason. December 2017 marked

More information

Single Premium Immediate Annuities Last update August 16, 2010

Single Premium Immediate Annuities Last update August 16, 2010 Allianz American General Life American National Genworth Genworth Immediate Annuity Platinum Income Annuity Palladium Immediate Annuity A Best A Best A+ Best A Best A Best AA Standard & Poors A+ Standard

More information

Chapter 7. Objective1 Assess Costs and Benefits of Renting. Chapter Objectives

Chapter 7. Objective1 Assess Costs and Benefits of Renting. Chapter Objectives Chapter 7 Selecting and Financing Housing McGraw-Hill/Irwin Copyright 2010 by The McGraw-Hill Companies, Inc. All rights reserved. Selecting and Financing Housing Chapter Objectives 1. Assess costs and

More information

2018 Real Estate Forecast Breakfast. Real Estate Market Update

2018 Real Estate Forecast Breakfast. Real Estate Market Update 2018 Real Estate Forecast Breakfast Central Oregon Association of REALTORS Real Estate Market Update Paul C. Bishop, PhD, CBE Vice President, Research NATIONAL ASSOCIATION OF REALTORS February 22, 2018

More information

PACE is transforming energy and water performance

PACE is transforming energy and water performance PACE is transforming energy and water performance Property Assessed Clean Energy (PACE) is a government financing policy that classifies building energy-improvement upgrades as a public benefit like a

More information

Zillow Group Uncovers

Zillow Group Uncovers Zillow Group Uncovers Economic Trends in MF Housing Svenja Gudell, Zillow Chief Economist @SvenjaGudell svenjag@zillow.com June 15-18, 2016 Moscone Convention Center San Francisco Rents continue to grow,

More information

Real Estate Services Division Real Estate Department Anchorage: Performance. Value. Results.

Real Estate Services Division Real Estate Department Anchorage: Performance. Value. Results. Anchorage: Performance. Value. Results. Purpose The (RES) provides effective property management of all municipal lands and leased properties, and administers the foreclosure process of delinquent property

More information

2019 Housing Market Forecast. Palos Verdes Peninsula AOR January 8, 2019 Jordan G. Levine Senior Economist

2019 Housing Market Forecast. Palos Verdes Peninsula AOR January 8, 2019 Jordan G. Levine Senior Economist 2019 Housing Market Forecast Palos Verdes Peninsula AOR January 8, 2019 Jordan G. Levine Senior Economist Overview Good News: Economic fundamentals solid Homeownership still the dream Rates might not go

More information

Housing and Economy Market Trends

Housing and Economy Market Trends Housing and Economy Market Trends Mainstreet Organization Prices of single-family, detached homes in suburban Chicago increased 12.1 percent in May 2014 compared with the same period a year ago. Overall,

More information

Announcement July 13, Collateral Valuation Practices and Declining Markets

Announcement July 13, Collateral Valuation Practices and Declining Markets Announcement 07-11 July 13, 2007 Amends these Guides: Selling Collateral Valuation Practices and Declining Markets Introduction An accurate value for the property securing a mortgage loan is important

More information

BPO Best Practices Guide

BPO Best Practices Guide BPO Best Practices Guide A Step by Step Guide for Completing BPO Reports Version: 1.0.0 Published: 03/01/2011 Global DMS, 1555 Bustard Road, Suite 300, Lansdale, PA 19446 2014, All Rights Reserved. Table

More information

FY General Revenue Forecast Presentation

FY General Revenue Forecast Presentation FY 2015-2019 General Revenue Forecast Presentation Steven A. Solomon Director of Finance February 18, 2014 Overview Current Economic Outlook National State Local FY 2014 2nd Quarter Revenue Update Five

More information

Increasing Foreclosures Could Hurt Demand for Homes, Slowing Housing Recovery

Increasing Foreclosures Could Hurt Demand for Homes, Slowing Housing Recovery Release Date: April 22, 2010 February 2010 Quinn W. Eddins, Director of Research New Radar Logic data packages are available at /productsservices_analytics.html Increasing Foreclosures Could Hurt Demand

More information

REALTOR.COM MARKET OUTLOOK

REALTOR.COM MARKET OUTLOOK REALTOR.COM MARKET OUTLOOK Realtor.com Economics May 2018 MOST COMPETITIVE SEASON ON RECORD Key expectations from realtor.com Existing Home Sales Struggle to Break Out Supply: Inventory, Prices, Affordability

More information

With last month's gain, sales are now up 4.5% from May 2015 and are at their highest annual pace since February 2007.

With last month's gain, sales are now up 4.5% from May 2015 and are at their highest annual pace since February 2007. JULY 2016 With last month's gain, sales are now up 4.5% from May 2015 and are at their highest annual pace since February 2007. - Lawrence Yun NAR s Chief Economist Now in its seventh year, the US economic

More information