Housing Trends Newsletter

Here is the most current Housing Trends eNewsletter. It has the most recent national and local housing information.

Please click on this link to view the Housing Trends NOVEMBER – 2011 Newsletter:
http://RobT.housingtrendsenewsletter.com

The Housing Trends eNewsletter contains the latest information from the National Association of REALTORS®, the U.S. Census Bureau, Realtor.org reports and other sources.

Housing Trends eNewsletter is also filled with local and national real estate sales and price activity provided by MLSs and the National Association of Realtors, U.S. Census Bureau key market indicators, housing market video reports, blogs, real estate glossary, maps, mortgage rates and calculators, consumer articles, community reports that map shopping, schools, recreation and more.

If you are interested in determining the value of your home, click the “Home Evaluator” link for a free evaluation report:
http://RobT.housingtrendsenewsletter.com/dispContent.cfm?loadid=2&loadtype=0

Sound decisions can only be made with accurate and reliable information, and I am happy to be a trusted resource for you. Thank you for the opportunity to provide you with this monthly eNewsletter, and I look forward to answering any questions you may have and to the opportunity to be your REALTOR® in the future.

Sincerely yours,

Rob Turchetta
Keller Williams Realty Spartanburg
245 East Blackstock Road Spartanburg SC 29301
864-621-7900
robt@kw.com

Personal Struggles to Success in a Changing Economy

Wow, what a week I had. Being a Realtor is a people business. A business that deals with people during emotionally trying times. Let’s face it, buying a house is the largest purchase most people make in their lifetime and often scary along the way.

However as our elected officials turn their backs on the individuals and seek the security of large corporate interests and international banker community life in America gets harder and harder for each of us Americans after each decision they make.

What is my point of writing about this?

I’m saddened by the extra financial stress pushing families over the edge into divorce or just negative change.  Home sellers and buyers are thrust into looking for a new place to live because “materialism just isn’t what tv and the local gossiping mother of 2 perfect little children” told them it was.

Yet, just when bad news after bad news hits, I get an email from a long time friend (almost said old friend!) that documents how she lost her home and business in a foreclosure that was not even hers!

With practically ZERO income and no apparent prospect for work, this 73 year old women decided life was going to be what she made it to be and went on to launch an exciting chapter in her life.  Knowing that others are facing similar hard times she documented a series of lessons that can help all of us overcome what the ultra wealthy are doing to our lives.

Here is an excerpt from her ebook that I recommend:

Homeless @ 73

How one gutsy Senior Citizen faced a year of being homeless and how she overcame obstacles that might put other folk in the hospital.

Unwilling to be crippled by circumstances, Janice Myers not only came back from disaster, she had fun doing it!

Her whole life changed overnight. Instead of staying stuck in the dark, she put a positive spin on a hopeless situation and turned on the lights for the rest of us!

Janice Myers gives you a personal glimpse into a major crisis in her life and her search to find the answers.

With no training in how to deal with the

total devastation of an ‘end-of-the-world event,

Janice brings courage and practical advice to those of us who are facing the point-of-no-return, either emotionally, physically, financially, or spiritually.

Keep Looking Up, for your redemption draws nigh!!!!!!!!!!!!

Rob

Real Estate Thanksgiving Humor

I don’t know about you guys, but I know way too many property owners who are feeling like the turkey on the left. In an effort to show you that your situation could always be worse, here are a three mega tales of real estate loss…I hope these make you feel just a little bit better:

The $200 billion CalPERS real estate investment portfolio has lost 23.5% of its value in the last fiscal year alone cancelling out 6 years worth of gains.

The once glorious Pontiac Silverdome which cost $55.7 million to construct in 1975 sold at auction on November 17th for $583,000.

Celebrity Nicholas Cage lost 2 New Orleans homes located in the French Quarter to foreclosure in early November. These two properties were valued at $5.5 million. In addition, records show that the actor owes another $6 million to the IRS. Whoa.

Have a safe, happy and fun Thanksgiving!

4 Bedroom Cul-de-sac Remodeled Home Available for Immediate Move In

Beautiful 4 Bedroom Boiling Springs home with living room, dining room, bonus room, and family room.

Located on a Cul-de-sac with private lot. Very low maintenance brick exterior home with: NEW roof, NEW gutters, 2 HVAC systems with one being brand NEW, completely remodeled kitchen with NEW cabinets and NEW appliances, completely remodeled bathrooms with NEW vanities, NEW shower/tubs and New Toilets! NEW carpet and vinyl flooring too. Living room and dining room are hardwood.

This home has been freshly painted and is move in ready, FHA and VA loan ready. Close to I-85, I-26, Hwy-9 restaurants and
shopping, and Asheville Hwy shopping. There are very few 4 bedroom, move in ready homes with the space this home provides, in the Boiling Springs area at this price range. This is a must see.

 

 

 

 

 

 

Read more..

30 Year Trend of Interest Rates By Year

Here is a chart of 30 year mortgage interest rates for the past 30 years dating back to 1981.  In case you had any doubts about if now was a good time to lock in a low rate this chart should pretty much answer any of those questions.  Even if house prices trend down another 7% or so locking in a low fixed rate at the current 4.31% will still save a homeowner more than a lower price will.

Feel free to call if you have any questions about buying a home.  My lenders have been getting buyers with scores as low as 590 fixed rate 30 year loans!

Search for a Boiling Springs area home

 

FREE Television Advertising for Your Home Sale

Rarely do I run any special offers but we are always trying to new things, measuring our existing programs, and tweaking our marketing tactics as results are available. With our current internet advertising plan producing extraordinary results, we are going to test some television advertising tactics that have been identified.  We are currently ranked the #1 Keller Williams Spartanburg List and sell real estate team!
If you know someone considering selling their home forward this coupon to them so we can see if they qualify for the program.

With residential real estate levels near historic levels the environment to sell your home is as competitive as ever. This offer expires on January 1, 2012 and restrictions apply. Participation includes our full suite of real estate marketing, administration, and negotiation services.

9/11 – 10 Year Anniversary Today

We owe answers to the families who lost loved ones in the world trade center attacks and to all of the American people.

The statements and facts in this  ZeroHedge article should be a chilling reminder to all of us.  .  .

9/11 Commission Admits It Never Got The Facts … But No One Wants to Hear From the People Who Know What Happened

9/11 Commission: “We Never Got All of the Facts”

9/11 Commissioners admit that they never got to the bottom of 9/11. For example:

• 9/11 Commission co-chair Lee Hamilton says “I don’t believe for a minute we got everything right”, that the Commission was set up to fail, that people should keep asking questions about 9/11, and that the 9/11 debate should continue

• 9/11 Commissioner Bob Kerrey said that “There are ample reasons to suspect that there may be some alternative to what we outlined in our version . . . We didn’t have access . . . .” He also says that it might take “a permanent 9/11 commission” to end the remaining mysteries of September 11

Indeed, 9/11 Commissioners and other officials say that the true facts were hidden from them, or covered up (you don’t have to get bogged down in reading this section – you can skip ahead to the next, if you like; this is just documenting that the 9/11 Commission report is in no way the last word on 9/11):

• The 9/11 Commission’s co-chairs said that the 9/11 Commissioners knew that military officials misrepresented the facts to the Commission, and the Commission considered recommending criminal charges for such false statements (free subscription required)

• 9/11 Commissioner Timothy Roemer said “We were extremely frustrated with the false statements we were getting”

• 9/11 Commissioner Max Cleland resigned from the Commission, stating: “It is a national scandal”; “This investigation is now compromised”; and “One of these days we will have to get the full story because the 9-11 issue is so important to America. But this White House wants to cover it up”

Ron Paul Speech at Palmetto Freedom Forum 9/5/2011

If the United States does not go back to being a true Republic (we are not a Democracy!) and humbly honor the constitution things will change dramatically in the next few years. Paul is the only candidate I have seen that the establishment is afraid of. Enjoy the brief glimpse of intelligence.

Where Should You Invest Tomorrow?

With countries facing debt levels never seen before in modern history things are about to change.  European countries are facing debt problems that are just beginning to become main stream news.  Greece is capturing the headlines today but Italy and Portugal are right behind them with France and others not far behind. We all know that the United States has to keep printing money just to make the debt payments on the money we owe.  Our country is NOT living paycheck to paycheck anymore.  We are borrowing money just to make our next debt payment!

Change is coming. You can count on that.  However with all the turmoil surrounding us in the news some things just don’t seem to change.  Here is a chart showing the return real estate has made over the last 10 years starting from January 1, 2000 to August 1, 2011:

What? I thought real estate was a bad investment you say? The facts speak for themselves. Yet most people hold most of their wealth in paper assets like stocks and bonds.  A good real estate investment provides you monthly cash flow from day one and almost always rises in value over time.  Of course all residential and commercial real estate is NOT created equally so it’s important to follow key principles to maximize your safety and return.  I have been investing in real estate for over 12 years in the Spartanburg and Boiling Springs surrounding areas. If you would like to learn more about investing in real estate feel free to call me.  There are strategies you can choose that puts you as hands on or as hands off as you would like.  Just call me at 864-621-7900 before your stocks drop too much! Read more..

Earthquake Felt in Boiling Springs and Spartanburg County SC

5.8 earthquake in Virginia felt in Washington, New York City, North Carolina and now Boiling Springs and Spartanburg South Carolina.

 

At about 2:00 pm today a 5.8 earthquake hit in Virginia.  As a result even the pentagon was scrambling with evaluations.  At about 2:oo pm Spartanburg county residents even felt the tremor.  It felt like a rolling wave.  I was sitting on a chair with wheels at my desk and wasn’t quite sure if I had moved the chair or I felt a light earthquake.  It was when my wife jumped up and looked around that I knew she had experienced it too.

 

And so Luke 21, verse 28 just keeps getting closer and closer.

 

Keep Looking Up,

Rob

 

 

Mortgage Rates Fall To Lowest On RECORD!

WASHINGTON (AP) — The average rate on a 30-year fixed mortgage has fallen to its lowest level on records dating to 1971.

The rate on the most popular mortgage dipped to 4.15 percent from 4.32 percent a week ago, Freddie Mac said Thursday. Its previous low of 4.17 percent was reached in November.

The last time long-term rates were lower was in the 1950s, when 30-year loans weren’t widely available. Most long-term home loans lasted 20 or 25 years.

Few expect even record-low rates to energize the depressed home market. Over the past year, the average rate on the 30-year fixed mortgage has been below 5 percent for all but two weeks. Yet prices and sales remain unhealthy and are holding back the overall economy.

Five years ago, the average 30-year fixed rate was near 6.5 percent. In 2000, it exceeded 8 percent.

Most homeowners are paying rates more than a full percentage point higher than the current average. The average rate on all outstanding mortgages is 5.3 percent, Freddie Mac said, citing data from the Bureau of Economic Analysis.

Many would-be buyers can’t take advantage of the low rates. The unemployment rate is 9.1 percent, few Americans are getting raises and many are struggling to shrink their debt loads.

The average rate on a 15-year fixed mortgage, which is popular for refinancing, fell to 3.36 percent, also a record low. It’s the third straight week of record lows for the popular refinancing option. Freddie Mac’s records date to 1991, but analysts believe the new low on the 15-year mortgage is the lowest ever.

Borrowers who qualify have rushed to refinance and take advantage of the low rates. Refinancing accounted for 70 percent of mortgage applications in the first half of the year, Freddie Mac said. Refinancings tend to provide less benefit to the economy than home purchases do.

Mortgage rates typically track the yield on the 10-year Treasury note. Economic fears have drawn investors to the safety of Treasurys, driving down the yield on the 10-year note to barely above 2 percent. That helped lower mortgage rates.

 

As always,

 

May god bless you and lead you where you need to be in the coming years,

 

Rob

Search For Homes In Boiling Springs

 

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