NAR wants to start marketing to you clients without going through you. Is this what you want?
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In honor of Native American Heritage Month:
http://www.youtube.com/watch?v=4rUEQKFETrY&feature=youtu.be
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Shared by Gertrude Muck-Erhardt
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This is a letter from a contact I made on LinkedIn. I thought you would like to read it.
I'm a very long way from North Georgia, Jill- I'm in rural Saskatchewan, actually.
Real-estate-wise, you might like to know what the situation is around here:
The market is red-hot in nearby towns and small cities such as Melfort, Humboldt, Watson, LeRoy, and many towns and villages located near the larger centres. This is because of the potash market and new mines going in.
There is a huge disparity in prices, depending on location. Here in the village of Spalding, between Watson and Naicam, you can buy an unserviced lot for $250, a serviced lot for $500, and a house for as low as $45,000. In the last year, however, two houses have sold for $139,000, which is around the entry-level market value for houses in the larger centres.
The job market here is red-hot as well. In fact, many companies are suffering an employee shortage, mainly because Saskatchewan is growing economically, and has outstripped the supply of employees. The skinny is that this whole entire area could be growing at a much faster rate if real-estate and employment companies were in the loop and on board.
Our Saskatchewan provincial government recently sent its second delegation to Ireland (of all places) looking for employees to fill job vacancies. There is also an influx of people from the Philippines, several of whom are now home-owners right here in Spalding. They were brought in to work at a local pork producer due to the labour shortage.
Just thought you might like to know.
cheers-
Greg S. Monks
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Shared by Andreas Levi
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Long foreclosure sale proceedings that require court intervention are holding back the housing recovery in the hardest-hit, judicial-foreclosure states and by default, the economy at large, according to findings from a Pro Teck Valuation Services report. -- Amilda Dymi in Origination News
(This means that non-judicial foreclosure states are having more trouble recovering in the housing industry.)
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The real estate investment community stands to benefit from a rule proposed by the Securities and Exchange Commission that would permit businesses and intermediaries to take part in equity-based crowdfunding. The novel development may eventually permit unaccredited investors to put their money behind real estate transactions once off limits to them.
The end goal of the proposed rule is to create an outlet for unaccredited investors to pool their money, investing in real estate projects such as apartment buildings or retail centers, according to Jilliene Helman, founder and CEO of Realty Mogul, a crowdfunding platform for real estate investors.
Those partaking in it under the proposed rules would be permitted to invest $2,000 or 5% of their annual income or net worth – whichever is greater if both their annual income and net worth are under $100,000, according to Helman.
http://www.housingwire.com/blogs/1-rewired/post/27907-proposed-rule-could-lure-smaller-investors-into-big-real-estate-deals -- Kerri Ann Panchuck in HousingWire
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Nat'l Real Estate Post:
The conversation continues as to whether or not to keep the GSE"s. We need them, but get them out of conservatorship. That ship has sailed. There is no other alternative to the GSE's for affordable homeownership. We've had it for a century, we still need it.
Freddie and Fannie are taking out insurance to cover their mortgage backed securities. This is to bring back private capital to the mortgage industry.
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Jill Pierce
Team Leader NW Georgia
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