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Friday Five: New Indicators Show a Housing Rebound

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By: Gavin Mathis

Published: January 20, 2012

Existing-home sales, low mortgage rates, and a spike in home builder confidence point to a housing turnaround.

Rebounding from another slow year, the housing market is picking up steam. Prospective home buyers are taking advantage of low mortgage rates, and home builder sentiment reached its highest level in more than 4 years this week. Housing is also gaining a bit of attention on the campaign trail. Dems and Republicans took part at a South Carolina rally promoting home ownership. Read these headlines and more in this week’s Friday Five. HouseLogic: Home Sales Rise in December
Existing-home sales continued on a uptrend in December, rising for a third consecutive month and remaining above a year ago, according to the NATIONAL ASSOCIATION OF REALTORS®.

CNN Money: Mortgage Applications Surge Amid Record-Low Rates

Mortgage loan applications surged 23% last week, according to the Mortgage Bankers Association, as record-low interest rates convinced many home owners it was time to refinance into lower-cost loans.

Wall Street Journal: Home-Builder Sentiment Hits Highest Level Since Mid-2007

U.S. home builders’ sentiment rose in January to the highest level in 4 1/2 years, the latest in a series of signs that the housing market is finally beginning to recover after a prolonged bust.

The State: Rally for Home Ownership Bridges Political Divide

Hundreds turned out in a diverse crowd for a rally designed to head off prospective federal legislation that could hurt home buyers and owners. The well-publicized rally attracted Republican presidential candidate and former House Speaker Newt Gingrich, along with U.S. Rep. Jim Clyburn (D-S.C.), and former U.S. Rep. J.C. Watts of Oklahoma, a Republican.

 HouseLogic: Time for GOP Candidates, and Obama, to Step Up on Housing Policy

If you’ve been paying attention to the Republican presidential candidates lately, you wouldn’t guess that housing is one the most important issues on voters’ minds. Mitt Romney, Rick Santorum, and Newt Gingrich — the top three finishers in most national polls — have been fairly quiet on the issue. Instead, the leading Republican contenders have been narrowly focused on attacking President Barack Obama’s jobs record.

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665 Annadale Rd, Staten Island, NY | Powered by Postlets

665 Annadale Rd, Staten Island, NY | Powered by Postlets.

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Young Two Family End Unit, Travis Staten Island NY 10314

Travis

 

Young, spacious two family with finished basement, on a nice residential Street.  No community fees here, ample parking available. Most of the surrounding homes on the block are detached. Large eat in kitchen, large master bedroom, oversized backyard, beautiful hardwood floors throughout. Some features are crown molding, skylight, central air, two heating units, ceramic tile kitchen fl. Studio apartment with side entrance.

stores, schools, park & transportation nearby.

 

Asking $389,900

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Just listed: 150 Taylor St, Staten Island, NY 10310 for $479,000

Just listed: 150 Taylor St, Staten Island, NY 10310 for $479,000.

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Just Reduced Price: 73 Boylan St, Staten Island, NY 10312 for $479,900

Just listed: 73 Boylan St, Staten Island, NY 10312 for $489,900.

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Arlene Trunzo Earns NAR Short Sales and Foreclosure Certification

Arlene Trunzo Earns NAR Short Sales and Foreclosure Certification
Buyers and Sellers Benefit from REALTOR® Expertise in Distressed Sales

Staten Island, New York , 11/30/09 — Arlene Trunzo with A.T. Real Estate Specialists LLC has earned the nationally recognized Short Sales and Foreclosure Resource certification. The National Association of REALTORS® offers the SFR certification to REALTORS® who want to help both buyers and sellers navigate these complicated transactions, as demand for professional expertise with distressed sales grows.

According to a recent NAR survey, nearly one-third of all existing homes sold recently were either short sales or foreclosures. For many real estate professionals, short sales and foreclosures are the new “traditional” transaction. REALTORS® who have earned the SFR certification know how to help sellers maneuver the complexities of short sales as well as help buyers pursue short sale and foreclosure opportunities.

“As leading advocates for homeownership, REALTORS® believe that any family that loses its home to foreclosure is one family too many, but unfortunately, there are situations in which people just cannot afford to keep their homes, and a foreclosure or a short sale results,” said 2009 NAR President Charles McMillan, a broker with Coldwell Banker Residential Brokerage in Dallas-Fort Worth. “Foreclosures and short sales can offer opportunities for home buyers and benefit the larger community, as well, but it’s extremely important to have the help of a real estate professional like a REALTOR® who has earned the SFR certification for these kinds of purchases.”

The certification program includes training on how to qualify sellers for short sales, negotiate with lenders, protect buyers, and limit risk, and provides resources to help REALTORS® stay current on national and state-specific information as the market for these distressed properties evolves.

27 years Staten Island NY Real Estate experience. Sellers & Purchashers Please contact Arlene Trunzo for all of your Real Estate necessitys.
www.atrealestatespecialists.com ( search for Staten Island homes for sale from the web address )
cmyrealtor@aol.com

Arlene Trunzo, Lic. Board certified Real Estate Broker 718-317-0949 or 917-359-1985