Lynne Pope

Activity in our area is still bumpy. A little up and then a little quiet. People waited for after the election, we thought.  

REO’s are selling. One lady at our Church just bought one and has a LOT of fixing up to do. We know about special financing to help that.

I have two short sales for this year one a list and one a buy. There is just a lot of waiting on those.

Progress for me -last month sold one and this month leased one selling 1 and countering one. Thats’ progress.

 This is good news!  I just had to share it…. 

News of the day! They said it…..This is what they said….

“Daily Real Estate News  |  November 12, 2008  

These Cities Are In Line for a Rebound 
Have we reached bottom? In many cities, knowledgeable observers say yes.

In October 2005 at the peak of the boom, the median sales price for a U.S. home reached 7.3 times per capita income. By this May it was 5.7 times, just about the historical norm. Home inventories have flattened. The decline in sales has ended – and in some places sales have expedited.

“The indicators are starting to look better,” says Adam York, an economic analyst with Wachovia.

Here are seven markets that SmartMoney magazine says are in line for a rebound:

• Seattle
• Raleigh
• Des Moines
• Philadelphia
• Denver
• Birmingham, Ala.
• Salt Lake City

Source: SmartMoney (11/01/

Activity in our area is still bumpy. A little up and then a little quiet. People waited for after the election, we thought.  

REO’s are selling. One lady at our Church just bought one and has a LOT of fixing up to do. We know about special financing to help that.

I have two short sales for this year one a list and one a buy. There is just a lot of waiting on those.

Progress for me -last month sold one and this month leased one selling 1 and countering one. Thats’ progress.

 This is good news!  I just had to share it…. 

News of the day! They said it…..This is what they said….

“Daily Real Estate News  |  November 12, 2008  

These Cities Are In Line for a Rebound 
Have we reached bottom? In many cities, knowledgeable observers say yes.

In October 2005 at the peak of the boom, the median sales price for a U.S. home reached 7.3 times per capita income. By this May it was 5.7 times, just about the historical norm. Home inventories have flattened. The decline in sales has ended – and in some places sales have expedited.

“The indicators are starting to look better,” says Adam York, an economic analyst with Wachovia.

Here are seven markets that SmartMoney magazine says are in line for a rebound:

• Seattle
• Raleigh
• Des Moines
• Philadelphia
• Denver
• Birmingham, Ala.
• Salt Lake City

Source: SmartMoney (11/01/

 Don’t feel skunked if an REO or Short Sale is right on your street….but if you are trying to sell your house…you certainly will feel it. It’s just a fact of the times. Be brave.

Thank goodness for the machine turning into loans for people   http://www.hud.gov/

Check out the “hope for homeowners fact sheet“! Most important- people want to know some options. Things are changing pretty fast…here is a quote from the article…

“The President has signed into law the Hope for Homeowners program. This program will continue FHA’s existing and successful efforts to provide aid to struggling families trapped in mortgages they currently cannot afford. Certain borrowers facing difficulty with their mortgage will be eligible to refinance into FHA-insured mortgages they can afford.

Hope for Homeownership Fact Sheet

read articles HUD Secretary: FHA has helped 300,000 families find relief with government-backed mortgages

Having helped a seller with a short sale gave me in the line of fire experience with the ups and downs of working with sellers( the bank) that never sold before…

It had a good final result and it sold- we had 4 escrows and 1 finally closed. The difficult part was “Realtor-Agents” trying to do both and not being super great at either. It took a lot of hand holding with escrow, and patience.

All I can say is thank goodness lenders didn’t get to cut out the middle man…..woman  REALTORS!  We are really like teachers….helping families get moving into a home. It takes education, preparation and hand holding.

For now the G0v is trying to hold out a hand….it has to. Lets hold our hands together.

Do you feel Hosed?  OR Don’t rain on my parade!   OR Take a new view of the low-ball offer and learn

What a concept. I just read James Wexler in Arizona who wrote come compelling points about this subject. Up till now I adopted the current Realtor assumption that Leprosy is on par with the low-ball offer.

This guy turns it around and gives some nice answers to give your seller. Why it is happening and some ideas of how to arrive at some balance and opportunity. I invite you to share good ideas of how to get a low-ball offer written and accepted too?

http://wexzilla.com/get-your-low-ball-offer-accepted-in-phoenix-az/

Thanks for thinking of this in a new light! Will Arizona issues work the same in California? I think so, this is one issue that has no state lines.

Redondo Beach real estate, homes for sale have more open houses this summer than ever! There is a reason. I was at a conference and I heard that Agents are looking for Buyers!  With listings staying on the market longer, the expense of the listing really adds up. The buyer market is slim now as mortgage loans are for the few with 1099 stubs. The days of the stated income are rare right now.

When the news says the rates have come down. It doesn’t mean the consumer rates will fall. Call the mortgage lender of your choice today and check out the true interest rates. Then you will be ready to buy a home. It is the first time that interest rates and home prices have both been low. The prices will remain low for another year but will interest rates?

“Hydrogen Cars Won’t Make a Difference for 40 Years …President Bush, Gov. Arnold Schwarzenegger and the big automakers agree on this much: They love hydrogen-powered fuel cell technology and its promise of a zero-emission, petroleum-free future.”

read the full story.

http://www.wired.com/cars/energy/news/2008/05/hydrogen

Bush and Arnold LOVE hydrogen…I don’t think so. Rent a movie called NETWORK for the facts on who is running the world. OIL companies. EXXON, MOBIL, CHEVRON. When they own all the power…then they will sell it at whatever price they want. Monopoly, manipulation, lobbying, crony-ism, etc… I leased a Ford Think car. I couldn’t drive from Hermosa Beach to Marina Del Rey before I ran out of power and they had to put it on a flatbed to take it to the shop- in Orange County. They finally sent all of them back. It was a scam. Some huge money was given to Ford to solve the problem, they ran out of time and didn’t get the job done so they bought and brought over the Think and called it a FORD. It didn’t work.

Here is another FACT. JPL solved the problem of oil in the 1970’s when we had the embargo problem. When the rocket scientists said use Hydrogen….they said no thanks, they embargo is over..