There are downsides to walking away from your home!!! Your credit, your neighborhood values, your responsibility to the bank.... Don't be embarrassed to ask for help! There are so many programs available to help right now. Tell your family and friends ~ I will even sit next to them while they make the call to the bank. It's time to stay in our homes, not lose them!
http://makinghomeaffordable.gov/
Shannon Koch RE/MAX 4000
Friday, January 29, 2010
In hard-hit markets, some see signs of bottom
Home sales activity improves in Western cities, with big government boost
http://www.msnbc.msn.com/id/35129970/ns/business-real_estate/
Thursday, January 28, 2010
Land prices are low, labor costs are low, it's a great time to build, buy, or bring a business here!
I just attended a great meeting with speakers from Western Colorado Building Association and also the Grand Junction Economic Partnership.
The bottom line is....Land/lot prices are low, labor costs are low, it's a great time to build, buy, or bring a business here! Business employees are available at a resaonable rate as well.
Colorado is projected to see it's 65+ population grow by 100% by 2020! To prepare and sustain our communities we need to think about liveable/walkable developments, smaller and more energy efficient homes, sensible transportation, and universal design.
The bottom line is....Land/lot prices are low, labor costs are low, it's a great time to build, buy, or bring a business here! Business employees are available at a resaonable rate as well.
Colorado is projected to see it's 65+ population grow by 100% by 2020! To prepare and sustain our communities we need to think about liveable/walkable developments, smaller and more energy efficient homes, sensible transportation, and universal design.
Monday, January 25, 2010
Tuesday, January 12, 2010
Rates are still incredible right now.
15-Year Fixed @ 4.375%
30-Year Fixed @ 5.125%
source: Wellsfargo.com
30-Year Fixed @ 5.125%
source: Wellsfargo.com
Mesa County Absorption Rates - Price War and Beauty Contest
Right now, to sell your house you have to know 2 simple things:
1. It's a Price War
2. It's a Beauty Contest
Here are the latest Mesa County Absorption Rates:
The first set is for the last year, the second set is for the last six months.
What does this tell you? Theoretically, it tells you how long your house will sit on the market in a certain price range (months of inventors), unless you win the Price War and Beauty Contest!!!
Sincerely,
Shannon
RE/MAX 4000
1. It's a Price War
2. It's a Beauty Contest
Here are the latest Mesa County Absorption Rates:
The first set is for the last year, the second set is for the last six months.
What does this tell you? Theoretically, it tells you how long your house will sit on the market in a certain price range (months of inventors), unless you win the Price War and Beauty Contest!!!
Sincerely,
Shannon
RE/MAX 4000
Wednesday, January 6, 2010
November home sales jump in Grand Junction market
A federal tax credit for first-time buyers likely played a key role in boosting single-family home sales for November in the Grand Junction market.
The Colorado Association of Realtors reported Tuesday that home sales climbed about 20 percent to 155 in November from 129 in November 2008.
“Some of that can be attributed to the tax credit,” said Erika Doyle of Doyle & Associates and chairwoman of the Grand Junction Area Realtor Association.
The tax break, which was to sunset in November, offers qualified first-time homebuyers a maximum credit of $8,000 on their housing purchase.
The credit was extended by President Barack Obama as part of an economic stimulus bill he signed in November. The credit is available through June, as long as a first-time buyer signs a binding sales contract by April 30.
Qualified existing homebuyers can receive a credit of $6,500.
The Grand Junction housing market is on track to record its strongest fourth-quarter sales period since 2007 when a total of 746 units were sold in the period. A total of 285 single-family homes were sold in the fourth quarter of 2008, according to data compiled by the Colorado Association Realtors.
The first two months of the fourth quarter of 2009 produced 341 single-family home sales, with 186 occurring in October.
Statewide, a total of 13,837 single-family home sales were recorded in the fourth quarter of 2008. The state housing market appears poised to surpass that number in 2009, given that home sales through the first two months of the quarter were about 9 percent higher than the same period of 2008.
On the downside, the median price of a home in the Grand Junction market dropped to $200,658 in November from $223,571 in November 2008.
As deep as the price decline was in the period it was still higher than the median price recorded in October, which was $196,129.
Doyle said home prices have come down but that was to be expected given the state of the economy.
“We are certainly not bulletproof,” she said.
Statewide, the decrease in the median price of a single-family home was steeper, as it tumbled to $188,372 in November from $220,119 in November 2008.
One of the largest price depreciation was the 38.5 percent decline in Delta County to $102,500 in November from $166,667 in November 2008.
Reach Wyatt Haupt Jr. at whaupt@gjfreepress.com.
The Colorado Association of Realtors reported Tuesday that home sales climbed about 20 percent to 155 in November from 129 in November 2008.
“Some of that can be attributed to the tax credit,” said Erika Doyle of Doyle & Associates and chairwoman of the Grand Junction Area Realtor Association.
The tax break, which was to sunset in November, offers qualified first-time homebuyers a maximum credit of $8,000 on their housing purchase.
The credit was extended by President Barack Obama as part of an economic stimulus bill he signed in November. The credit is available through June, as long as a first-time buyer signs a binding sales contract by April 30.
Qualified existing homebuyers can receive a credit of $6,500.
The Grand Junction housing market is on track to record its strongest fourth-quarter sales period since 2007 when a total of 746 units were sold in the period. A total of 285 single-family homes were sold in the fourth quarter of 2008, according to data compiled by the Colorado Association Realtors.
The first two months of the fourth quarter of 2009 produced 341 single-family home sales, with 186 occurring in October.
Statewide, a total of 13,837 single-family home sales were recorded in the fourth quarter of 2008. The state housing market appears poised to surpass that number in 2009, given that home sales through the first two months of the quarter were about 9 percent higher than the same period of 2008.
On the downside, the median price of a home in the Grand Junction market dropped to $200,658 in November from $223,571 in November 2008.
As deep as the price decline was in the period it was still higher than the median price recorded in October, which was $196,129.
Doyle said home prices have come down but that was to be expected given the state of the economy.
“We are certainly not bulletproof,” she said.
Statewide, the decrease in the median price of a single-family home was steeper, as it tumbled to $188,372 in November from $220,119 in November 2008.
One of the largest price depreciation was the 38.5 percent decline in Delta County to $102,500 in November from $166,667 in November 2008.
Reach Wyatt Haupt Jr. at whaupt@gjfreepress.com.
Thursday, December 31, 2009
Make it a SAFE start in 2010! Identity Theft: Action and Prevention for Consumers
The Board of Governors of the Federal Reserve has described identity theft as "one of the fastest growing crimes in the United States."
What to do if it happens to you:
If you have been a victim of identity theft, there are government and nonprofit resources to help you.
Federal Trade Commission toll-free consumer identity theft hotline 877-IDTHEFT or (877) 438-4338; http://www.consumer.gov/idtheft (online consumer complaint form).
Comprehensive consumer brochures for ID theft prevention and for victims of identity theft:
http://www.ftc.gov/bcp/conline/pubs/credit/idtheftmini.htm, http://www.ftc.gov/bcp/conline/pubs/credit/idtheft.htm.
Privacy Rights Clearinghouse step by step information for identity theft victims http://www.privacyrights.org/identity.htm; http://www.privacyrights.org/fs/fs17-it.htm.
For information in Spanish for victims of identity theft, http://www.privacyrights.org/spanish/fs17(a)sp.htm
Para informacíon en español para victimas del robo de identidad; http://www.privacyrights.org/spanish/fs17(a)sp.htm.
Reduce your chances of becoming a future victim of identity theft:
To reduce your chances of becoming an identity theft victim, safeguard your personal information such as your Social Security number and your drivers license number. Don't print your drivers license number on your checks or carry your Social Security number in your wallet. Shred mail you receive that contains your Social Security number, credit account numbers, or other personal information. Don't respond to email asking you to use a link to go to a site and give bank account, credit card account, or password information. Order copies of your credit report every year, and report in writing any errors you find. Cancel credit cards that you don't use regularly, don't carry more cards than necessary, never write your PIN on your card or carry it in your wallet or purse, get off junk mailing lists, opt out of prescreened credit card offers and use a locked mail box. Don't give out personal information unless you are sure who you are dealing with, and then only if necessary. Ask your employer how it safeguards the personal information in your employee records.
For more information about identity theft, see http://www.consumerreports.org/main/content/display_report.jsp?FOLDER%3C%3Efolder_id=348199&bmUID=1089676496514.
For a more complete list of things you can do to reduce your chances of becoming a victim of identity theft, see:
http://www.idtheftcenter.com/preventiontips.shtml, http://www.ftc.gov/bcp/conline/pubs/credit/idtheft.htm, and http://www.bos.frb.org/consumer/identity/idtheft.pdf
What your legislators can do to slow down identity theft:
For a list of things lawmakers can do to see
http://www.consumersunion.org/finance/prevent_idtheft.htm.
Other resources:
Comprehensive consumer brochure:
Identity Theft: When Bad Things Happen to Your Good Name
Information on your right to dispute a charge on your credit card:
http://www.consumer.gov/idtheft/recovering_idt.html#21
To stop prescreened credit card offers, call toll free: 888-567-8688
To contact the credit reporting agencies to report a fraud or order a copy of your credit report click here.
To get off many lists for marketing mail, calls and email:
http://www.dmaconsumers.org/cgi/offmailinglistdave
http://www.dmaconsumers.org/cgi/offtelephonedave
http://www.dmaconsumers.org/consumers/optoutform_emps.shtml
Mailing address to get off the lists for mail and calls: click here.
For information on the federal "Do Not Call" list to avoid telemarketer calls, see: https://www.donotcall.gov/default.aspx
http://www.consumersunion.org/finance/id-theft03.htm
Consumers Union
http://www.consumersunion.org/finance/id-theft03.htm
Happy New Year!
Make the best of a fresh start..
Happy New Year from Shannon Koch Homes!!!
Sincerely,
Shannon
Happy New Year from Shannon Koch Homes!!!
Sincerely,
Shannon
Tuesday, December 22, 2009
2009/2010
Well guys for most of 2009 the housing market has been on government life support. What will be interesting in 2010 is what happens when the resuscitator is unplugged. Most economists predict the Fed having to raise interests rates come summer. That won't be the biggest test though. This spring the Fed will stop purchasing mortgage backed securities, pulling away the safety net banks have enjoyed for the past year.
A big plus for 2010 is another influx of foreclosures. This is not good news for home owners that purchased their homes after 2004 but great news for homebuyers who are looking for good deals. Depending on what part of the country you live in, 2010 will be remembered for some of the best housing deals ever! Banks can't wait to get these properties off the books. (Of course out in the field it doesn't feel that way does it?) Home owners may be willing to take a hit on selling their homes in 2010 to take advantage of some spectacular pricing in 2010.
This much you can expect: 1. Prices in most areas of the country are coming down at least another 10 percent. 2. 2010 will be even a better year than 2009 for investors 3. Banks will tighten credit come spring/summer.
Info: Rich Castro
A big plus for 2010 is another influx of foreclosures. This is not good news for home owners that purchased their homes after 2004 but great news for homebuyers who are looking for good deals. Depending on what part of the country you live in, 2010 will be remembered for some of the best housing deals ever! Banks can't wait to get these properties off the books. (Of course out in the field it doesn't feel that way does it?) Home owners may be willing to take a hit on selling their homes in 2010 to take advantage of some spectacular pricing in 2010.
This much you can expect: 1. Prices in most areas of the country are coming down at least another 10 percent. 2. 2010 will be even a better year than 2009 for investors 3. Banks will tighten credit come spring/summer.
Info: Rich Castro
Thursday, December 17, 2009
Giving Tree....
Tuesday, November 17, 2009
Tuesday, November 10, 2009
REALTOR® Magazine-Daily News-Pending Home Sales Continue to Rise
REALTOR® Magazine-Daily News-Pending Home Sales Continue to Rise
Shannon Koch
RE/MAX 4000
Grand Junction, Colorado
Shannon Koch
RE/MAX 4000
Grand Junction, Colorado
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