Monthly Archives: May 2010
Bend among top 10 cities for retirement property steals
The states that took the brunt of the housing bust—like Florida, California, Nevada, and Arizona—also contain some of the nation’s most enviable markets in which to retire. Moody’s Analytics compared price-to-income data for 384 metropolitan areas to pinpoint affordable retirement spots. Bend made the top 10 for the following reasons: “Stiff demand from second-home buyers […]
Bend Real Estate Statistics April 2010
Here are the Bend real estate market statistics for April 2010. April stats look an awful lot like March stats. There are 1122 homes for sale, 189 contingent sales, 325 pending sales, and 187 homes sold with average days on market of 180 and a median sales price of $200,000. For bank owned homes there are […]
Real Estate Transfer Taxes – Coming soon to Oregon?
I don’t typically take a political stance in my blog but I strongly support an upcoming constitutional amendment being considered. Oregon does not currently have a statewide real estate transfer tax. A real estate transfer tax is a state or local government imposed tax that is collected when you transfer ownership of your home, land […]
Enjoy your new house AHMSI!
Today I just want to vent. One of my short sale listings is going back to the bank, even though we had a full price, cash offer. The lender, American Home Mortgage Servicing Inc (AHMSI) approved the sale but wanted to retain their right to pursue a deficiency down the road. The sellers would not […]
New federal law affects remodels of older homes
A new federal law went into effect on April 22, 2010, that affects all homes built prior to 1978. That’s over half of all homes in the U.S., including about 33,000 here in Central Oregon. The new EPA “Lead: Renovation, Repair and Painting Rule” or “RRP”, is intended to protect U.S. citizens from the health […]
Are you eligible for a HAFA short sale?
On April 5, 2010 the Home Affordable Foreclosure Alternatives (HAFA) program went into effect. HAFA was designed to help owners who are unable to retain their home under the Home Affordable Modification Program (HAMP). HAFA provides incentives in connection with a short sale or a deed-in-lieu of foreclosure (DIL) used to avoid foreclosure. Servicers participating […]
Top Ten Cities for Startups – Bend is #4
ZoomProspector.com, a business location website, says smaller cities have become the best places to start new companies. ZoomProspector weighed 11 factors—including the number of startups, quality of the workforce, and resources like universities and venture capital—to compile a list of the top places to build the next Apple (AAPL) or Google (GOOG). Boulder, CO came […]
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