Your weekly update of the Calgary MLS® Sales Stats Calgary MLS® Market Stats for Feb 01 thru Feb 06/07 Calgary Market Stats Single Family 2007 2006 Average Selling Price $422,197 $344,806 Median Selling Price $395,000 $311,000 New Listings 597 490 Sales 494 440 Sales to New Listing Ratio 83% 90% Sales to Active Listing Ratio 19% n/a # of Active SF Listings 2,584 Condominium Average Selling Price $298,293 $218,634 Median Selling Price $273,000 $189,900 New Listings 267 207 Sales 224 168 Sale... Read Full Post

New national survey research reveals just how dated and quaint that concept has become in today's market, thanks to rocketing home prices that have far eclipsed buyers' incomes and savings. From mid-2005 to mid-2006, according to a statistical sampling of a representative group of 7,548 purchasers, nearly half of all first-time buyers financed the entire transaction, obtaining mortgages in the full amount of the home price. Another 30 percent put down 10 percent or less, and 20 percent put do... Read Full Post

Need of ground-work and investigations in Real Estate Investment! As in any investment business, investing in Real Estate also requires proper ground-work and investigations. Of course, one finds myriad literature, websites, how-to-do-it-by-yourself manuals, etc. regarding Real Estate Investment. But, Joe and Colleen Lane, of Kennewick Wa real estate suggests practical research will go a long way towards better understanding of the market trends and investing sensibly. With a bit of guidance,... Read Full Post

Is the home you are selling in need of a little help? Are you willing to do a few Mr. Fix-It projects to get fabulous returns on the value of your house? These five home improvement projects are the most profitable. Buyers value them. They increase the value of the home significantly and are recommended highly buy Realtors and brokers. #1 ~ Cleanup The Yard The landscaping of your Kennewick Wa home is the first thing a potential Kennewick Wa Real Estate buyer sees when they approach your home... Read Full Post

One Reason for attending a National Convention like the GMAC convention in Hollywood FL is for the inspiration. I was not disappointed as Ronan Tynan was one of the opening day speakers and this guy is incredible. Many would call him disabled. I would call him enabled! Ronan is best known as one of the "Irish Tenors" - he is that and much more. He was born with a lower leg disabilities. At the age of 20 he made the decision to have both lower limbs amputated. With in a year he was competing i... Read Full Post

The Home Depot store at Richland's City View development calls itself the West Richland store, and that hasn't escaped the attention of the West Richland City Council. The council said Saturday it once again is thinking about the city's need to distinguish itself from its nearest neighbor by considering a name change. It's just an idea at this point, and the council isn't ready to float any potential names past residents. But one thing was clear from the conversation at a council workshop at ... Read Full Post

WASHINGTON, D.C. - Consumers are beginning to respond to more favorable housing market conditions, but new home construction will be dampened until inventories decline further, according to the latest forecast by the National Association of Realtors®. David Lereah, NAR’s chief economist, is looking for a steady rise in existing-home sales. “After reaching what appears to be the bottom in the fourth quarter of 2006, we expect existing-home sales to gradually rise all this year and well in... Read Full Post

Enjoy this small pictorial album of the Downtown Memphis area. It includes Beale street, FedEx Forum, Peabody Place, South Bluffs Homes, our version of Walk of the Stars, and other interests. I like this general concept of being able to utilize the album for viewings like this. What do you think? CLICK The Photo for the Tour. Downtown Memphis Read Full Post

Effective Feb. 15, 2007, the following changes in Mortgage Insurance and FICO scores will be implemented on conforming FNMA & FHLMC loans. This includes the popular FNMA “My Community Mortgage” program. All loans with an LTV over 95% and a FICO score less than 620 will have Mortgage Insurance priced as an A-Minus loan regardless of the Automated Underwriting decision. All loans with an LTV over 95% will REQUIRE a FICO score over 575. Lenders will no longer approve loans with greater t... Read Full Post