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June 2011

There are 4 blog entries for June 2011.

"Virtually" Choose Your Colors... Paint Your Room

Thursday, June 16th, 2011 at 4:10pm. 623 Views, 0 Comments.

blog-colormatchA fresh coat of paint is a powerful and affordable enhancement to any room. The next time you’re looking for color inspiration, check out Olympic Paint’s free ColorClix software for Windows or OS X, or download the app to your iPhone. With ColorClix, you can grab a color from the gallery or upload your own photo; the app will select paint samples that most closely match the colors in the image. The app will also display complementary colors, with a full spectrum of hues and shades. Add notes and tag colors as favorites. Or create specific room projects and save selected colors to the project folder. Free. PPG Industries; Pittsburgh; 800-441-9695; www.olympic.com/colorclix.

 

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Disasters Spike Home Sales

Monday, June 13th, 2011 at 5:58pm. 478 Views, 0 Comments.

Cities that have been torn apart by recent tornadoes and floods are now seeing a big increase in home sales.

Real estate agent Barb Maxon with Century 21 ProLink in Sioux City, Iowa, told the Des Moines Register that she’s made six sales in one week alone to Iowa families who have been displaced by the Missouri River floods.

The Missouri river is expected to rise to near-record levels this week, where it's expected to remain for weeks, causing flooding along cities near it and displacing families.

Residents, for example, from Dakota Dunes, Iowa, where hundreds of homes have been evacuated for more than a week, are starting to look elsewhere for housing. Nearby Sioux City is getting a flood of its residents inquiring about new housing options, real estate…

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Top 6 Housing Markets

Monday, June 13th, 2011 at 5:56pm. 374 Views, 0 Comments.

Several real estate markets are starting to show signs of improvement with home prices in the last quarter as the industry demonstrates more signs of stabilizing, according to Clear Capital's latest monthly Home Data Index Market Report.

REO saturation rates have improved in the majority of the country’s largest markets. However, many areas are still battling year-over-year price declines. Clear Capital’s index reports that quarter-over-quarter home price declines were 2.3 percent in the latest quarter, which is less than half compared to the previous month.

“The latest market report results through May suggest that home prices are starting to ease back from the heavy declines seen over the winter,” says Alex Villacorta, director of research and…

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20% Down Rule Stirs Debate

Monday, June 13th, 2011 at 5:48pm. 358 Views, 0 Comments.

A proposed rule by bank regulators that would require 20% down payment for buyers would lop off almost 30% of home sales according to a recent study.  What's more important, is that the requirement would only improve loan performance by a scant 1.6%.

The NAR opposes the rule and has been meeting with lawmakers to make the case that this wasn't what congress intended when it passed legislation last year creating QRM (qualified residential mortgage) loans.  The NAR has made this one of their top priorities in Washington 2 weeks ago.

 

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