Archive for March, 2010

The Health of the Real Estate Market

Monday, March 29th, 2010

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Have you looked into your "crystal ball" lately? What is happening in the real estate market?

We have the unique opportunity to hear from investors all over the country. Our franchisees buy more houses than any other group nationwide. But there is more than that – in addition to buying houses, they also sell houses. They sell more houses to first time homebuyers and investors than any other group in the country.

The result, by watching the statistics, talking to this diverse group of experts in buying houses, we can get a pretty good picture of what is happening in the real estate market nationwide.

  • One of the key indicators is the levels of inventory of homes. Statistics show that nationwide the days on market is down considerably since the highest levels. As reported in Personal Real Estate Investor Magazine, levels for January have dropped in each market from last year.
  • Another good indicator is how many different investors are buying houses. Our franchisees buy more houses than they can personally rehab, so they also sell to other investors. Franchisees report an increase interest from investors. They are selling houses to more "new" investors than ever before.
  • A look at several markets around the country confirm this data. Instead of a few investors buying most of the houses, there are more first time investors buying investment properties.

Over the next month, with the First Time Homebuyers tax credit expiring, there will be a bump in the number of sales. But, the real indicator of a thaw in the real estate market is this activity by investors.

March SST Class

Wednesday, March 24th, 2010

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Congratulations to our March SST graduates!

March SST Class

Left to right:

Garrett Simpson (Buyer – Evolution Properties – Dallas), Scott Thompson (Thompson Enterprises – Fairfield/New Haven, CT), Ug, Naila Burki (Nine Green Housing – Houston), Sid Burki (Nine Green Housing – Houston), Chris Roberson (Houston)

Not Pictured: Bob Stolz (Essex County, NJ)

New Boston Franchisee

Tuesday, March 23rd, 2010

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Congratulations to new Franchisee Stephen Bowen. Steve will be in the Boston Ad Council.

Also, congratulations to DA Aaron Katz.

Two Weeks to Enter the Ugliest House Contest

Saturday, March 13th, 2010

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The nominations for HomeVestors’ Ugliest House of the Year contest are open until March 26, 2010.

Contests are being held in 19 markets across the country. The response has already been exciting. We are getting a lot of nominations of ugly houses in many of your markets.

In addition, we continue to get good press from Central New Jersey to Tucson, Arizona. We cannot wait until the exciting part begins – the voting and announcing the winners!

Ugliest House Contest Continues

Wednesday, March 10th, 2010

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Our search for the Ugliest House in 19 markets across the US continues. We have some really ugly houses nominated, but do we have the ugliest? If you have not nominated your ugly house, you still have time. The deadline for entries is March 26, 2010. For details, go to theugliesthouse.com

The contest continues to generate a lot of PR, even though it is only in the nominations stage. For example, here is an article in The Memphis Business Journal.

Voting starts soon. Get your nominations in now!

Another NJ Franchisee

Tuesday, March 9th, 2010

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Congratulations to our newest franchisee, Bob Stolz from Mendham, NJ. They will be buying Ugly Houses in Essex County, NJ, and helping a lot of first time homebuyers and investors find houses.

Also, Congratulations to DA Jim Wiley and Bill McKenna.