<?xml version="1.0"?><rss version="2.0"><channel><title>Tacoma WA Real Estate News &amp; Listings Presented By Tacoma Homes For Sale</title><link>http://www.homesforsaletacoma.org</link><description></description><lastBuildDate>Wed, 23 May 2012 03:12:05 GMT</lastBuildDate><item><title>The Top Six Keys To Home Selling</title><description><![CDATA[<p>
	I am sharing this&nbsp;well written&nbsp;article from RISmedia, and hope you find it helpful.</p>
<p id="BlogTitle">
	<strong>Six Keys to Selling Your Home in Today&rsquo;s Market</strong></p>
<p id="BlogDate">
	Posted By <u>susanne</u> On May 13, 2012 @ 1:06 pm In <u>Consumer News and Advice,Home Buying 101,Home Owner News,Homeowner&#39;s Toolkit,Today&#39;s Top Story - Consumer</u> | <u><a href="http://rismedia.com/2012-05-13/six-keys-to-selling-your-home-in-todays-market/print/#comments_controls">Comments Disabled</a></u></p>
<div id="BlogContent">
	<p>
		<a href="http://rismedia.com/wp-content/uploads/2012/05/sold_home_sign.jpg" rel="external"><img alt="" class="alignleft size-full wp-image-70171" height="176" src="http://rismedia.com/wp-content/uploads/2012/05/sold_home_sign.jpg" title="Sold Home For Sale Sign in Front of New House" width="265" /></a> <sup>[1]</sup>According to the National Association of Realtors&reg;, more than 4.25 million homes sold in 2011. That&rsquo;s a lot of real estate and such numbers raise the question: How are sellers doing it?</p>
	<p>
		&ldquo;Because individual homes are unique, there isn&rsquo;t one single strategy that works equally well for every property,&rdquo; says Wendy Forsythe, the executive vice president of a real estate company. &ldquo;The real trick is understanding that today&rsquo;s marketplace is cash driven, quick and highly competitive. Owners who understand their local markets and work with a knowledgeable agent are those most likely to succeed.&rdquo;<!--more--></p>
	<p>
		In March roughly one-third of all sales were cash, meaning a large number of buyers are not dependent on lender financing, the sale of their existing home or a settlement that might be 45 to 60 days in the future.</p>
	<p>
		Instead, they can act quickly and in many cases seek properties which can be bought today and occupied tomorrow.</p>
	<p>
		To ready a home for sale in today&rsquo;s marketplace, Forsythe says owners should consider six basic keys to selling success.</p>
	<p>
		<strong>Six Keys to Success</strong></p>
	<p>
		<strong>1) Curb appeal counts.</strong> Most home buyers want homes which look great from the outside. It&rsquo;s not just a question of curb appeal &mdash; it&rsquo;s about perception. If a home looks good from the street it probably means the property is ready for a new occupant without a lot of cost or hassle.</p>
	<p>
		Buyers tend to pass on a home that doesn&rsquo;t appeal to them from the street&ndash;not even bothering to look inside. An experienced local REALTOR&reg; can show you how to generate the most curb appeal with the least cost.</p>
	<p>
		<strong>2) A clutter-free home.</strong> With the new emphasis on cash sales and speed owners must show homes which are free and clear of clutter. A clutter-free home will make interior spaces look larger and eliminates the need to get rid of stuff when you are in the throes of moving. It makes sense to donate or reduce clutter before a home is placed on the market &mdash; not only as a sales tactic but also as a practical step toward relocation.</p>
	<p>
		<strong>3) Working condition.</strong> Having your home&rsquo;s systems in good mechanical condition is an advantage in today&rsquo;s market. Most distressed homes can&rsquo;t compete when it comes to such basics as working heating, plumbing and air-conditioning. Properties that can readily pass a professional home inspection are often easier to finance, and are generally more appealing to buyers who don&rsquo;t want to face the unknown costs and delays sometimes associated with major renovations.</p>
	<p>
		<strong>4) List and negotiate properly.</strong> According to Forsythe, &ldquo;a seasoned REALTOR&reg; can show owners how best to market a particular home according to such factors as location, price, condition and financing. Owners want to work with us because our experience brings value and confidence to a transaction, factors that are enormously important in a changing marketplace.&rdquo;</p>
	<p>
		<strong>5) Seek prequalified buyers.</strong> While many sales may be for cash, the majority still require financing. It would be frustrating to enter into a sales contract with a potential buyer who ultimately cannot obtain financing to purchase your home &mdash; meaning you have lost time &mdash; and potentially money &mdash; and then you have to start over. When a home is shown by appointment, the buyer should have a pre-qualification letter in hand.</p>
	<p>
		Such letters from lenders are not binding but at least show that the purchaser sat down with a loan officer and has some realistic sense of what he or she can reasonably afford.</p>
	<p>
		<strong>6) Distressed properties.</strong> Roughly 30 percent of today&rsquo;s home sales involve &ldquo;distressed&rdquo; properties &mdash; a term which includes short sales and foreclosed properties owned by lenders. You need to consider the distressed properties in your neighborhood when pricing and marketing your home. These properties typically sell at discount, especially in major foreclosure centers and sometimes require substantial repair and rehabilitation.</p>
	<p>
		&ldquo;Home sellers can compete with these offerings,&rdquo; according to Forsythe. &ldquo;There&rsquo;s no question that a large number of distressed properties in a local market will impact prices, but price is not the only factor buyers consider. While distressed homes work for some purchasers, they&rsquo;re not the right choice for buyers who want homes that offer move-in condition &mdash; homes in better shape that can often command higher prices.&rdquo;</p>
	<p>
		While the housing market is just in the beginning stages of a recovery, it&rsquo;s still possible to successfully sell your home by making sure you&rsquo;re catering to the kind of buyers in the market today, and by making sure that you &mdash; and your home &mdash; are ready to move as quickly as these buyers are.</p>
</div>
<hr class="Divider" style="text-align: center;" />
<p>
	Article printed from RISMedia: <strong dir="ltr">http://rismedia.com</strong></p>
<p>
	URL to article: <strong dir="ltr">http://rismedia.com/2012-05-13/six-keys-to-selling-your-home-in-todays-market/</strong></p>]]></description><link>http://www.homesforsaletacoma.org/Blog/The-Top-Six-Keys-To-Home-Selling</link><guid>http://www.homesforsaletacoma.org/Blog/The-Top-Six-Keys-To-Home-Selling</guid><pubDate>Mon, 21 May 2012 00:00:00 GMT</pubDate></item><item><title>Home Affordability has Reached a New Best Ever Level</title><description><![CDATA[<h1 property="dc:title">
	Housing Affordability Reaches Record Highs</h1>
<div id="resize">
	<div class="section-date-author">
		Daily Real Estate News | Monday, May 21, 2012</div>
	<!-- /.section-date-author -->
	<div class="body-content">
		<!--<pre></pre>-->
		<div property="dc:description">
			<!--paging_filter-->
			<p>
				For the median-income family, buying a home has never been more affordable, new surveys by the National Association of REALTORS&reg; and National Association of Home Builders show.</p>
			<p>
				Housing affordability reached a record high for the second-straight quarter in the first three months of this year, the <a href="http://www.nahb.org/hoi" target="_blank">National Association of Home Builders/Wells Fargo Housing Opportunity index</a> shows. Nearly 78 percent of all new and existing homes sold in the first quarter this year were affordable to families earning the national median income of $65,000, according to the index.</p>
			<p>
				<a href="http://www.realtor.org/news-releases/2012/05/housing-affordability-indices-reach-records-in-first-quarter" target="_blank">NAR&rsquo;s quarterly Housing Affordability Index</a> also showed a record high in affordability in the first quarter. NAR first began keeping records on affordability in 1970.</p>
			<p>
				According to NAR&rsquo;s index, the median-income family earning under $61,000 could afford a home costing $325,000 &mdash; more than double the national median existing single-family home price of $158,100.</p>
			<p>
				&ldquo;The median monthly mortgage principal and interest payment for a median-priced home would take only 13.5 percent of gross income,&rdquo; according to NAR&rsquo;s affordability index.</p>
			<h4>
				<strong>Buyers Struggle to Take Advantage</strong></h4>
			<p>
				However, while affordability remains high, many home buyers are still being shut out of the market and are unable to take advantage of the deals due to tight lending conditions, housing experts say.</p>
			<p>
				&quot;For those with good credit, we&#39;ve never seen better housing affordability conditions or market opportunities than we see at present,&quot; says Moe Veissi, NAR&rsquo;s president. &quot;Although home prices are stabilizing and sales are rising, some buyers still have to jump through a lot of hoops to convince a lender that they are creditworthy, even for a mortgage that would be well within their means. This is especially true for self-employed buyers.&quot;</p>
			<p>
				Indeed, Barry Rutenberg, NAHB&rsquo;s chairman, echoes those comments, adding that &ldquo;without this significant hurdle, the housing and economic recovery could be proceeding at a much stronger pace.&quot;</p>
			<h4>
				<strong>Where Affordability Is the Highest</strong></h4>
			<p>
				Once again, I read something that&nbsp;I really wanted to share, and there is&nbsp;no better way for me to do this then to&nbsp;blog about it.&nbsp; If&nbsp;you are considering buying a home&nbsp;then you&nbsp;should&nbsp;really compare renting to owning and&nbsp;include the Taxes and Insurance&nbsp;on&nbsp;the mortgage amount&nbsp;too.&nbsp; These are things you must pay&nbsp;to have a mortgage, so&nbsp;be honest with yourself.&nbsp;&nbsp;</p>
			<p>
				If you want to know how renting compares to owning, get in touch with us and we can help you understand the comparison.</p>
			<p>
				&nbsp;</p>
			<p>
				<strong>Some of the most affordable housing markets in the first quarter, according to the NAHB/Wells Fargo Index are:</strong></p>
			<p>
				1. Indianapolis-Carmel, Ind. (where 95.8 percent of the homes sold during the first quarter were affordable to households earning the area&rsquo;s median family income of $66,900)</p>
			<p>
				2. Dayton, Ohio</p>
			<p>
				3. Lakeland-Winter Haven, Fla.</p>
			<p>
				4. Modesto, Calif.</p>
			<p>
				5. Grand Rapids-Wyoming, Mich. (tied for fifth place)</p>
			<p>
				5. Buffalo-Niagara Falls, N.Y. (tied for fifth place)</p>
			<p>
				Meanwhile, the least affordable housing market continued to be New York-White Plains-Wayne, N.Y.-N.J., a title which it has held for 16-straight quarters, according to the NAHB/Wells Fargo index. Only 31.5 percent of the homes sold in the first three months were affordable to those earning the median income in the area of $68,200.</p>
			<p>
				<em>By Melissa Dittmann Tracey, REALTOR&reg; Magazine Daily News</em></p>
		</div>
	</div>
</div>
<p>
	&nbsp;</p>]]></description><link>http://www.homesforsaletacoma.org/Blog/Home-Affordability-has-Reached-a-New-Best-Ever-Level</link><guid>http://www.homesforsaletacoma.org/Blog/Home-Affordability-has-Reached-a-New-Best-Ever-Level</guid><pubDate>Mon, 21 May 2012 00:00:00 GMT</pubDate></item><item><title>Helping our military service members every chance we get.</title><description><![CDATA[<p>
	I thought I would take a little time to smell the&nbsp;roses as they say and tell a&nbsp;success story of&nbsp; sorts.</p>
<p>
	Approximately 10 months ago, I was&nbsp;showing a bank owned condo to a client, and&nbsp;I arrived prior to my client arriving which&nbsp;is fairly normal for me.&nbsp;&nbsp;My military service taught me that on time&nbsp;equals 10-15&nbsp;minutes early, and that has stuck with me all these years.&nbsp;&nbsp;I was looking for answers as to what&nbsp;was covered by the HOA dues in the condo complex, and as I walked onto the back deck, I saw a couple BBQ-ing across the&nbsp;back fence.&nbsp;&nbsp;I introduced myself and politely asked if they could share&nbsp;the data&nbsp;I was seeking, and they were happy&nbsp;to assist me.&nbsp;</p>
<p>
	They then mentioned that they were in a bit of&nbsp;a jam and&nbsp;it looked like they would be PCS-ing to&nbsp;Colorado Springs&nbsp;and were way upside down in their home since they&nbsp;had purchased the condo in&nbsp;2007&nbsp;for approximately $197,000.&nbsp; I&nbsp;had given them&nbsp;my card and expressed my desire to&nbsp;do what I could to help them with their&nbsp;monumental task.&nbsp; You see, I cannot&nbsp;help myself when it comes to aiding our military service members and veterans.&nbsp;</p>
<p>
	I had&nbsp;forgotten about the meeting as they were not&nbsp;sure what they would do, but&nbsp;one day, a few months later,&nbsp;I got a call from them&nbsp;after they had arrived in Colorado Springs and were trying to rent their condo to avoid&nbsp;the hassle of a short sale.&nbsp; Unfortunately, the rules&nbsp;of the condo&nbsp;prohibited&nbsp;excessive rentals in the complex, and there was a&nbsp;waiting list for anyone wanting to rent their unit out.&nbsp; Each person had a&nbsp;60 day window to rent their unit, and if they were unsuccessful, then the next&nbsp;owner was granted a chance to&nbsp;rent.&nbsp; Their rental&nbsp;agent was unsuccessful, and&nbsp;they could no longer afford to pay the mortgage in WA, and the rent in Colorado.</p>
<p>
	I explained the&nbsp;short sale process and we agreed to&nbsp;get to work.&nbsp;&nbsp;I had seen that several units had sold in the $90,000 range&nbsp;as bank owned properties, and we listed their&nbsp;home for $99,000, and then planned a few reductions to sell the home.&nbsp; This&nbsp;is usually important to show the lien holders that the home was indeed listed&nbsp;for a fair price rather than a give-away price.&nbsp; After we&nbsp;listed the home, we&nbsp;caught wind of homes that HUD was&nbsp;selling in the complex in the&nbsp;$70k range.&nbsp; This&nbsp;tactic of HUD and banks to undermine the market to sell their homes rapidly has really deteriorated our markets.&nbsp;&nbsp;As traditional sellers struggle to even break&nbsp;even selling a home, banks are undercutting them which moves&nbsp;the bank&#39;s inventory... but has&nbsp;strangled home sellers across the country.&nbsp;&nbsp;On one hand, a&nbsp;buyer can pick up a great bargain, but we have&nbsp;stalled our move up&nbsp;market in a big way.</p>
<p>
	Anyway, we&nbsp;received a cash offer for&nbsp;$70,000 and the agent representing the buyer&nbsp;told me they&nbsp;were buying two&nbsp;HUD homes in the complex for $70k each.&nbsp; We accepted the offer and&nbsp;began the short sale negotiations.&nbsp; This is the painful part of&nbsp;short sales.&nbsp; I should mention&nbsp;that the condo could only be sold for cash&nbsp;due to the HOA having&nbsp;over 15%&nbsp;of the residences more than 30 days delinquent on&nbsp;dues.&nbsp; This&nbsp;removes even&nbsp;conventional financing as an option.&nbsp; After a&nbsp;few months, the lien holder approved the sale at $71,000, and the buyer agreed.&nbsp; Within a couple&nbsp;of weeks we had the actual approval letter, and then the buyer bailed without ever doing an inspection.&nbsp;&nbsp;We had no explanation for the rescission.&nbsp;</p>
<p>
	Within a few&nbsp;weeks we had a replacement buyer&nbsp;and were able to substitute the buyer and get a new approval letter at&nbsp;the same $71,000.&nbsp; This&nbsp;time the buyer stuck, and I am happy to report that this transaction is closing tomorrow, May 16, 2012.&nbsp;&nbsp;The bottom line is that the seller bought a place&nbsp;for $197,000 in 2007, and the short sale was&nbsp;approved&nbsp;at $71,000 which leaves a&nbsp;deficiency&nbsp;of $126,000 plus any late fees etc for the&nbsp;mortgage delinquency caused by the transfer of one of our military&nbsp;families.&nbsp;&nbsp;The short sale&nbsp;approval&nbsp;relieved the seller of all deficiencies so they do not need to pay any of the $126,000+ that&nbsp;they are short.</p>
<p>
	There is probably a 1099 going to be issued, but for the remainder of 2012 (maybe longer if&nbsp;extended by congress) the&nbsp;debt forgiveness&nbsp;act of 2007&nbsp;eliminates the taxation of the forgive debt in this situation (always consult your tax professional please).&nbsp;&nbsp;This has been a major victory in my opinion.</p>
<p>
	We effectively removed a financial monkey from the backs&nbsp;of some of our&nbsp;country&#39;s finest citizens and allowed them to move on with their lives without the painful burden this home would have&nbsp;caused them.&nbsp; We are&nbsp;so thankful that we&nbsp;were able to be a part of this solution, even if the&nbsp;financial rewards of the commission of $71,000 is really a very small dollar amount for the work that went into&nbsp;completing this short&nbsp;sale.&nbsp; Sometimes,&nbsp;the resulting&nbsp;&quot;inner peace&quot; and knowledge that you truly helped someone in need negates the need for&nbsp;financial gain... and this is one of those times.</p>
<p>
	Thank you Mallory and Guadelupe for allowing&nbsp;me to help with this&nbsp;difficult task, and I truly wish you&nbsp;the best moving forward.&nbsp;&nbsp;I do hope you will&nbsp;keep in touch.&nbsp; Be safe, and thank you for all you do!</p>
<p>
	&nbsp;</p>]]></description><link>http://www.homesforsaletacoma.org/Blog/Helping-our-military-service-members-every-chance-we-get</link><guid>http://www.homesforsaletacoma.org/Blog/Helping-our-military-service-members-every-chance-we-get</guid><pubDate>Tue, 15 May 2012 00:00:00 GMT</pubDate></item><item><title>Pierce County Stats April 2012</title><description><![CDATA[<p>
	Ok Ok Ok, it&#39;s been months since I&#39;ve&nbsp;updated the stats.&nbsp;&nbsp;It has been a while, and I am happy to show some positives&nbsp;that we hope are good signs moving forward.</p>
<p>
	First,&nbsp;we are way low on&nbsp;quality inventory at reasonable prices.&nbsp; When they come on the market, they&nbsp;go pretty fast, and often have&nbsp;multiple offers as well as&nbsp;bidding wars.&nbsp;&nbsp;In fact, we are down 28.6% year over year for the month of April in Active Listings.&nbsp; And look at the&nbsp;Median List Price!&nbsp; It is&nbsp;up $9,500, or 4.3%&nbsp;&nbsp;over last&nbsp;year in&nbsp;April, and only down $2,525&nbsp;YTD,&nbsp;or&nbsp;1.1%.&nbsp;&nbsp;This is the&nbsp;best we&#39;ve seen, but of&nbsp;course it is the list price, and the sold price looks a bit different.</p>
<p>
	April 2012 Stats for Pierce County</p>
<table border="1">
	<tbody>
		<tr>
			<td>
				<span style="color: rgb(128, 0, 0);">Pierce County</span></td>
			<td>
				<span style="color: rgb(51, 153, 102);">April&nbsp;2012</span></td>
			<td>
				<span style="color: rgb(255, 0, 0);">Median $2012</span></td>
			<td>
				<span style="color: rgb(51, 153, 102);">April&nbsp;2011</span></td>
			<td>
				<span style="color: rgb(255, 0, 0);">Median $ 2011</span></td>
		</tr>
		<tr>
			<td style="text-align: center;">
				<span style="color: rgb(0, 0, 255);">Active Listings</span></td>
			<td style="text-align: center;">
				<span style="color: rgb(51, 153, 102);">3792</span></td>
			<td style="text-align: center;">
				<span style="color: rgb(255, 0, 0);">$229,500</span></td>
			<td style="text-align: center;">
				<span style="color: rgb(0, 0, 255);"><span style="color: rgb(51, 153, 102);">5313</span></span></td>
			<td style="text-align: center;">
				<span style="color: rgb(255, 0, 0);">$220,000</span></td>
		</tr>
		<tr>
			<td style="text-align: center;">
				<span style="color: rgb(0, 0, 255);">Pending Sales</span></td>
			<td style="text-align: center;">
				<span style="color: rgb(51, 153, 102);">1368</span></td>
			<td style="text-align: center;">
				<span style="color: rgb(255, 0, 0);">$175,000</span></td>
			<td style="text-align: center;">
				<span style="color: rgb(51, 153, 102);">1212</span></td>
			<td style="text-align: center;">
				<span style="color: rgb(255, 0, 0);">$189,950</span></td>
		</tr>
		<tr>
			<td style="text-align: center;">
				<span style="color: rgb(0, 0, 255);">Closed Sales</span></td>
			<td style="text-align: center;">
				<span style="color: rgb(51, 153, 102);">747</span></td>
			<td style="text-align: center;">
				<span style="color: rgb(255, 0, 0);">$192,000</span></td>
			<td style="text-align: center;">
				<span style="color: rgb(51, 153, 102);">779</span></td>
			<td style="text-align: center;">
				<span style="color: rgb(255, 0, 0);">$195,000</span></td>
		</tr>
	</tbody>
</table>
<p>
	&nbsp;</p>
<p>
	Year to Date as of 5/13/2012</p>
<p>
	&nbsp;</p>
<table border="1">
	<tbody>
		<tr>
			<td>
				<span style="color: rgb(153, 51, 0);">Pierce County</span></td>
			<td>
				<span style="color: rgb(51, 153, 102);">YTD 2012</span></td>
			<td>
				<span style="color: rgb(255, 0, 0);">Median $ 2012</span></td>
			<td>
				<span style="color: rgb(51, 153, 102);">YTD 2011</span></td>
			<td>
				<span style="color: rgb(255, 0, 0);">Med</span><span style="color: rgb(255, 0, 0);"><span style="color: rgb(255, 0, 0);">i</span>an $ 2011</span></td>
		</tr>
		<tr>
			<td style="text-align: center;">
				<span style="color: rgb(0, 0, 255);">Active Listings</span></td>
			<td style="text-align: center;">
				<span style="color: rgb(51, 153, 102);">4752</span></td>
			<td style="text-align: center;">
				<span style="color: rgb(255, 0, 0);">$219,950</span></td>
			<td style="text-align: center;">
				<span style="color: rgb(51, 153, 102);">5673</span></td>
			<td style="text-align: center;">
				<span style="color: rgb(255, 0, 0);">$222,475</span></td>
		</tr>
		<tr>
			<td style="text-align: center;">
				<span style="color: rgb(0, 0, 255);">Pending Sales</span></td>
			<td style="text-align: center;">
				<span style="color: rgb(51, 153, 102);">5102</span></td>
			<td style="text-align: center;">
				<span style="color: rgb(255, 0, 0);">$175,000</span></td>
			<td style="text-align: center;">
				<span style="color: rgb(51, 153, 102);">4511</span></td>
			<td style="text-align: center;">
				<span style="color: rgb(255, 0, 0);">$189,950</span></td>
		</tr>
		<tr>
			<td style="text-align: center;">
				<span style="color: rgb(0, 0, 255);">Closed Sales</span></td>
			<td style="text-align: center;">
				<span style="color: rgb(51, 153, 102);">2737</span></td>
			<td style="text-align: center;">
				<span style="color: rgb(255, 0, 0);">$176,000</span></td>
			<td style="text-align: center;">
				<span style="color: rgb(51, 153, 102);">2556</span></td>
			<td style="text-align: center;">
				<span style="color: rgb(255, 0, 0);">$197,000</span></td>
		</tr>
	</tbody>
</table>
<p>
	In fact the sold stats tells us&nbsp;that the YTD&nbsp;is down 10.7%&nbsp;year over year, but&nbsp;April is only down&nbsp;1.54% year over year.&nbsp;&nbsp;This further illustrates the&nbsp;recent shift in our market, and should give us all a bit of confidence that things are finally&nbsp;starting to&nbsp;turn around.</p>
<p>
	I do want to&nbsp;remind you that there is an uptick in bank owned homes coming on&nbsp;the market after a&nbsp;lul in activity&nbsp;after the big&nbsp;hold up in the foreclosures that is now&nbsp;gearing back up.&nbsp;&nbsp;Appraisers&nbsp;have seen an increase in&nbsp;bank appraisals&nbsp;on foreclosed homes, and several REO Listing Agents we speak with indicate they are&nbsp;seeing a surge in activity.&nbsp; We can hope the banks are a little smarter&nbsp;with their pricing as well, since their appraisals should indicate a stable, or even an increasing market in some areas.</p>
<p>
	By the way,&nbsp;it is worth mentioning that the&nbsp;activity of the banks, and the investors has&nbsp;a direct impact on the&nbsp;statistics, and&nbsp;looking at&nbsp;the&nbsp;4.3% increase only solidifies this.&nbsp; The last couple of months has seen a large&nbsp;decrease in bank owned&nbsp;homes, and the&nbsp;lower inventory levels has changed the stats.&nbsp; I just wanted to say &quot;I told you so&quot;.</p>
<p>
	The next few months will&nbsp;help to illuminate the market&nbsp;trend moving forward, and&nbsp;I hope to be a bit more on top of the stats so that I can share the numbers with you.</p>]]></description><link>http://www.homesforsaletacoma.org/Blog/Pierce-County-Stats-April-2012</link><guid>http://www.homesforsaletacoma.org/Blog/Pierce-County-Stats-April-2012</guid><pubDate>Sun, 13 May 2012 00:00:00 GMT</pubDate></item><item><title>4% Per Year Appreciation Prediction? Really?</title><description><![CDATA[<p>
	Today there is an article in the Realtor magazine that talks about&nbsp;there being a 4%&nbsp;rise in home prices annually over the next&nbsp;4&nbsp;years.&nbsp; I would be happy to see some values rise&nbsp;in the areas that were hit&nbsp;really hard, like Tacoma and Pierce county.&nbsp; The article does mention the&nbsp;hardest hit areas are expected to have the highest gains, but I would warn&nbsp;that if we rise too fast again, we will fall.... again.&nbsp;&nbsp;We need stability in lending&nbsp;and home values to&nbsp;recover.&nbsp;</p>
<p>
	The better news is&nbsp;that economic growth, and even job growth can&nbsp;be tied to home sales.&nbsp;&nbsp;As home&nbsp;sales return to a more normal pace, and include&nbsp;the move up buyer again, we will see jobs&nbsp;come back as well.&nbsp;&nbsp;There just needs to be a balance to the&nbsp;market, and we&nbsp;have not had a balance for&nbsp;several years.</p>
<p>
	An&nbsp;interesting&nbsp;number is 72..... and the rule of&nbsp;72.&nbsp; This simply&nbsp;says that if you divide the appreciation rate into the&nbsp;number 72, you will know how long it will take&nbsp;for the price of a home to&nbsp;double.&nbsp;&nbsp;If the appreciation rate stays&nbsp;at 4%, then the price of a home&nbsp;will double in&nbsp;18 years (72 divided by 4).&nbsp; If it averages 3% then&nbsp;the time frame is&nbsp;24 years.&nbsp; This is a safe average for&nbsp;economic&nbsp;growth.</p>
<p>
	Here is the&nbsp;article from Realtor Magazine.&nbsp;</p>
<h1 property="dc:title">
	Home Prices to Rise 4% Per Year?</h1>
<div id="resize">
	<div class="section-date-author">
		Daily Real Estate News | Wednesday, May 09, 2012</div>
	<!-- /.section-date-author -->
	<div class="body-content">
		<!--<pre></pre>-->
		<div property="dc:description">
			<!--paging_filter-->
			<p>
				Have home prices finally hit bottom? Many analysts think so. According to the latest forecast by Fiserv, the market watcher sees a big boost to home prices on the horizon, projecting that home prices will rise nearly 4 percent per year for the next five years.</p>
			<p>
				The real estate markets expected to see the biggest increases in home prices will likely be those hardest hit the last few years by foreclosures, such as in Phoenix and Las Vegas, and areas where prices have fallen the most, according to Fiserv&rsquo;s forecast.</p>
			<p>
				Housings rising affordability mixed with falling inventories of for-sale homes are the main factors driving the expected price increases, according to Fiserv.</p>
			<p>
				Initially, investors are expected to help drive most of this price increase, and then followed by first-time and trade-up buyers as they re-emerge in bigger numbers to the market.</p>
			<p>
				<em>Source: &ldquo;<a href="http://www.usatoday.com/money/economy/housing/story/2012-05-08/home-prices-predictions/54844880/1" target="_blank">U.S. Home Prices Could Rise 4% a Year, Forecast Says</a>,&rdquo; USA Today (May 8. 2012)</em></p>
		</div>
	</div>
</div>
<p>
	&nbsp;</p>]]></description><link>http://www.homesforsaletacoma.org/Blog/4-Per-Year-Appreciation-Prediction-Really</link><guid>http://www.homesforsaletacoma.org/Blog/4-Per-Year-Appreciation-Prediction-Really</guid><pubDate>Thu, 10 May 2012 00:00:00 GMT</pubDate></item><item><title>Difficulty in Finding Good Homes in Tacoma</title><description><![CDATA[<p>
	In the past, I have been able to locate low priced homes that were desirable&nbsp;enough for the lower income home buyer to consider owning&nbsp;a home instead of&nbsp;renting.&nbsp; Lately&nbsp;I am struggling&nbsp;to find homes that&nbsp;we can go after&nbsp;and ever hope of&nbsp;obtaining financing.&nbsp;&nbsp;Here is the latest example of the struggles in&nbsp;our market for&nbsp;such buyers.</p>
<p>
	The buyer is&nbsp;qualified to $110,000 and can use&nbsp;the FHA 203k&nbsp;Rehab Loan program.&nbsp; This means she can&nbsp;be up to $110,000 including purchasing the home, and having&nbsp;renovations done.&nbsp; This is a special program that allows&nbsp;FHA home&nbsp;buyers to buy a fixer and&nbsp;have it done the way they&nbsp;want.&nbsp; The cool part is the renovations are done after&nbsp;closing, so the renovations are not done prior to them owning the home.&nbsp;&nbsp;A good model for this buyer would be to&nbsp;acquire a home for&nbsp;$70-80,000 and then renovate up to $30,000&nbsp;so the home is obtainable and&nbsp;when renovated, it is actually&nbsp;a good value for the work and the waiting the buyer goes through.</p>
<p>
	We are seeing less homes that qualify for this program, and the ones that appear to be available&nbsp;are&nbsp;plagued with&nbsp;seller issues that&nbsp;make the home virtually unable to be shown to buyers, so they are sitting on the market&nbsp;waiting to be foreclosed on.&nbsp;&nbsp;Now you may wonder, as I do, why&nbsp;a home would be for sale but the sellers make it impossible to show the home?&nbsp;&nbsp;I have to guess the sellers are waiting&nbsp;as long as they can to&nbsp;move so they are living for&nbsp;almost nothing.&nbsp; They have defaulted&nbsp;on the mortgage, and rather than&nbsp;selling the home and moving on, they figure they can stay in the house for a long time for free while the bank forecloses.&nbsp;&nbsp;</p>
<p>
	This is&nbsp;problematic and&nbsp;I have to say shame on the agents for allowing&nbsp;folks to put the home on the market in such a manner that they are not allowing showings without major obstacles.&nbsp;&nbsp;It has become far easier&nbsp;to sell homes in the $250k+ price range, and in fact, the low priced homes are way&nbsp;more work&nbsp;for way less rewards (from an agent&#39;s&nbsp;view-point).&nbsp;&nbsp;</p>
<p>
	Erik and I have pressed on and struggled to help all of our clients whether they are&nbsp;the $80,000 buyer&nbsp;or the $500,000+&nbsp;buyer.&nbsp; We believe the&nbsp;first time buyer&nbsp;that can afford the $110,000&nbsp;house has the same desire to own a home, and many&nbsp;times they want it&nbsp;even more.&nbsp;&nbsp;</p>
<p>
	So fellow&nbsp;agents and Realtors, let&#39;s do a better&nbsp;job of&nbsp;preparing our sellers&nbsp;for the showing process, and guide them to&nbsp;allow the homes to be shown without the hassles&nbsp;we are seeing right now.&nbsp; I called 6 sellers this morning to attempt to&nbsp;preview homes for buyers, and 5 of the&nbsp;6 have reasons the&nbsp;home cannot be shown today, tomorrow, or even this week.&nbsp; Really?&nbsp;&nbsp;It tells me they are not actually wanting to sell the homes, and&nbsp;when I look... the days on market is&nbsp;pretty high on most of the homes.&nbsp;</p>
<p>
	I guess I will go look&nbsp;at the one that I can for&nbsp;the sake of the&nbsp;buyer, and hope for&nbsp;the best.</p>
<p>
	Thanks for reading!!!</p>
<p>
	&nbsp;</p>]]></description><link>http://www.homesforsaletacoma.org/Blog/Difficulty-in-Finding-Good-Homes-in-Tacoma</link><guid>http://www.homesforsaletacoma.org/Blog/Difficulty-in-Finding-Good-Homes-in-Tacoma</guid><pubDate>Mon, 07 May 2012 00:00:00 GMT</pubDate></item><item><title>Home-Ownership at 15 year low.</title><description><![CDATA[<h1 class="storyhed entry-title">
	US homeownership at 15-year low, Census Bureau finds</h1>
<p>
	I did&nbsp;take this article from out Tacoma News&nbsp;Tribune online, and even though the news is&nbsp;a national&nbsp;number, it is always a good indicator&nbsp;of a trend.&nbsp; Our market tends to be a&nbsp;bit different than the national, but&nbsp;most are since real estate is&nbsp;locally&nbsp;different all over.</p>
<p>
	The trend that is&nbsp;in line is that home ownership is down.&nbsp; Now to be fair, it was up&nbsp;higher&nbsp;due to&nbsp;government programs&nbsp;aimed at boosting&nbsp;home ownership.&nbsp; These programs&nbsp;were in fact, at the heart of the&nbsp;housing bubble and began in about 1996&nbsp;when the then-present&nbsp;&quot;in power&quot;&nbsp;president and his&nbsp;cabinet members&nbsp;wanted to push&nbsp;numbers higher for&nbsp;certain minority&nbsp;groups.</p>
<p>
	Just to be clear, we are not at all against anyone owning a home, but we believe there&nbsp;is a certain&nbsp;set of&nbsp;steps to take to prepare one&#39;s self for home ownership both financially and mentally.&nbsp;&nbsp;A renter mindset is not healthy for home&nbsp;ownership, and just&nbsp;allowing someone to qualify for a loan is not equal to preparing them to own a&nbsp;home.</p>
<p>
	Enjoy the article.</p>
<p>
	<!-- end HEADLINE --><!-- SUB HEADLINE --></p>
<p class="storysubhed">
	The homeownership rate in the U.S. fell to 65.4 percent in the first quarter, hitting a 15-year low amid still-high foreclosure rates and a stronger market for rents.</p>
<p>
	<!-- end SUB HEADLINE --><!--SIDEBAR--><!--SIDEBAR /pubsys/production/story/assets/storySideBar_detail--><!-- #story_assets --><!--end SIDEBAR--><!--end SIDEBAR--><!-- BYLINE --></p>
<div class="byline">
	By TIFFANY HSU; Los Angeles Times<!-- .byline --></div>
<div id="hnews-vcard" style="display: none;">
	<span class="byline author vcard"><span class="fn">By TIFFANY HSU </span></span></div>
<div class="updates_timestamp_story">
	<span class="published" title="2012-04-30T23:16:33Z">Published: 04/30/12 4:16 pm</span> | <span class="updated" title="2012-04-30T23:16:35Z">Updated: 04/30/12&nbsp;</span><!-- #story_social_connections --><!-- STORY TEXT --></div>
<div class="storytext" id="storyBody">
	<div class="entry-content">
		<p>
			<span class="storydateline">LOS ANGELES &mdash;</span> The homeownership rate in the U.S. fell to 65.4 percent in the first quarter, hitting a 15-year low amid still-high foreclosure rates and a stronger market for rents.</p>
		<p>
			The rate is lower than the 66 percent from the fourth quarter and the 66.4 percent from the first quarter of last year, according to the Census Bureau. The rate hit a high of 69.2 percent in 2004, before the housing bubble burst.</p>
		<p>
			The housing market has been trying to recover ever since. Several reports in April suggested that the market has turned a corner, with pending home sales up and housing values predicted to begin rising.</p>
		<p>
			But foreclosure rates are still high and may continue to increase following a landmark settlement with loan servicers earlier this year.</p>
		<p>
			In the first quarter, 74.6 million housing units were occupied by owners. Homeownership is down in every region, falling to 59.9 percent in the West. That region, which has the lowest rate in the country, hasn&#39;t had such a small percentage of homeowners since at least 2006.</p>
		<p>
			Rates among minorities continue to trail the nationwide numbers. Black homeownership is at 43.1 percent; the Hispanic rate is 46.3 percent.</p>
		<p>
			Vacancy rates at rental properties fell to 8.8 percent - their lowest level in a decade. Rents, which are at a median $721, are at a post-recession high.</p>
		<p>
			The median sales prices for vacant units - a number that spiked in 2007 but has slipped steadily since - is $133,700.</p>
		<div style="font: 10pt/normal sans-serif; width: 1px; height: 1px; text-align: left; color: rgb(0, 0, 0); text-transform: none; overflow: hidden; font-size-adjust: none; font-stretch: normal;">
			<br />
			Read more here: http://www.thenewstribune.com/2012/04/30/2126523/us-homeownership-at-15-year-low.html#storylink=cpy</div>
	</div>
</div>
<p>
	&nbsp;</p>]]></description><link>http://www.homesforsaletacoma.org/Blog/Home-Ownership-at-15-year-low</link><guid>http://www.homesforsaletacoma.org/Blog/Home-Ownership-at-15-year-low</guid><pubDate>Tue, 01 May 2012 00:00:00 GMT</pubDate></item><item><title>Seattle has made yet another good list in the Real Estate World.</title><description><![CDATA[<p>
	Wow.....&nbsp;Seattle hits the top 7 hottest&nbsp;market list.&nbsp; Check it out........</p>
<h1 property="dc:title">
	Boom Towns: 7 Fastest-Growing Cities</h1>
<div id="resize">
	<div class="section-date-author">
		Daily Real Estate News | Tuesday, May 01, 2012</div>
	<!-- /.section-date-author -->
	<div class="body-content">
		<!--<pre></pre>-->
		<div property="dc:description">
			<!--paging_filter-->
			<p>
				Texas dominates the list of fastest-growing cities, attracting more residents with its strong employment center, lower taxes, and more affordable housing, according to an article in Forbes.com.</p>
			<p>
				For the second year in a row, Austin, Texas, topped Forbes&rsquo; list of America&rsquo;s fastest-growing cities. The city has a projected economic growth rate of 6 percent a year through 2016, which is more than twice as much as the nation as a whole, according to Moody&rsquo;s Analytics data.</p>
			<p>
				In compiling its list of America&rsquo;s fastest-growing cities, Forbes.com analyzed the 100 largest metro areas and reviewed projections for each city&rsquo;s economic and population growth, median income, unemployment rates, and employment growth.</p>
			<p>
				Here are the top 7 cities that made <a href="http://www.forbes.com/pictures/mlj45hfdf/1-austin-texas/#gallerycontent" target="_blank">Forbes&rsquo; list of fastest-growing cities</a>:</p>
			<p>
				<strong>1. Austin, Texas</strong></p>
			<p>
				Annual economic growth projected from 2011-2016: 6.1 percent<br />
				Annual population growth rate: 2.8 percent</p>
			<p>
				<strong>2. Dallas</strong></p>
			<p>
				Annual economic growth projected from 2011-2016: 5 percent<br />
				Annual population growth: 2.2 percent</p>
			<p>
				<strong>3. San Jose, Calif.</strong></p>
			<p>
				Annual economic growth projected from 2011-2016: 4.7 percent<br />
				Annual population growth: 0.9 percent</p>
			<p>
				<strong>4. Houston</strong></p>
			<p>
				Annual economic growth projected from 2011-2016: 6.1 percent<br />
				Annual population growth: 2 percent</p>
			<p>
				<strong>5. Salt Lake City</strong></p>
			<p>
				Annual economic growth projected from 2011-2016: 4.4 percent<br />
				Annual population growth: 1.5 percent</p>
			<p>
				<strong>6. Raleigh, N.C.</strong></p>
			<p>
				Annual economic growth projected from 2011-2016: 3.7 percent<br />
				Annual population growth: 3.8 percent</p>
			<p>
				<strong>7. Seattle</strong></p>
			<p>
				Annual economic growth projected from 2011-2016: 3.7 percent<br />
				Annual population growth: 1.2 percent</p>
			<p>
				<a href="http://www.forbes.com/pictures/mlj45hfdf/1-austin-texas/#gallerycontent" target="_blank">Read more about these cities&rsquo; growth and see which other cities made the list.&nbsp;</a></p>
		</div>
	</div>
</div>
<p>
	&nbsp;</p>]]></description><link>http://www.homesforsaletacoma.org/Blog/Seattle-has-made-yet-another-good-list-in-the-Real-Estate-World</link><guid>http://www.homesforsaletacoma.org/Blog/Seattle-has-made-yet-another-good-list-in-the-Real-Estate-World</guid><pubDate>Tue, 01 May 2012 00:00:00 GMT</pubDate></item><item><title>506 28th Ave SE, Puyallup 98374</title><description><![CDATA[<img src="http://www.homesforsaletacoma.org/property/506-28th-Ave-SE-Puyallup-Washington/images/index/402358/0/t" title="" alt="" style="float:left; padding:3px;" />Best location in all Puyallup! This beautiful 1885 sqft home has 3 bedrooms, 3 baths, plus Den, situated in a quaint development across from Bradley Park with its 12ac trout stocked lake, miles of jogging/walking trails and super safe play area. North & West Hwy access is 3min away. Home has a very "open" concept with vaulted ceilings. The "Master" is HUGE with the largest walk-in closet you have ever seen, an Ex Large 5 pc Master Bath as well. 20 min to JBLM. Shopping, schools 3 min.]]></description><link>http://www.homesforsaletacoma.org/property/506-28th-Ave-SE-Puyallup-Washington</link><guid>http://www.homesforsaletacoma.org/property/506-28th-Ave-SE-Puyallup-Washington</guid><pubDate>Sat, 28 Apr 2012 16:48:00 GMT</pubDate></item><item><title>9014 Main St E C120, Bonney Lake 98391</title><description><![CDATA[<img src="http://www.homesforsaletacoma.org/property/9014-Main-St-E-C120-Bonney-Lake-Washington/images/index/402026/0/t" title="" alt="" style="float:left; padding:3px;" />Great downtown Bonney Lake location, yet quiet and secluded, 2 car garage attached on lower level of condo, updates include....., close to shopping, public transportation, lakes, recreation, short sale being approved prior to sale.]]></description><link>http://www.homesforsaletacoma.org/property/9014-Main-St-E-C120-Bonney-Lake-Washington</link><guid>http://www.homesforsaletacoma.org/property/9014-Main-St-E-C120-Bonney-Lake-Washington</guid><pubDate>Fri, 27 Apr 2012 16:53:00 GMT</pubDate></item><item><title>5 Ways to Sell a Home Faster, For More Money</title><description><![CDATA[<p>
	Sellers pay attention.&nbsp; This stuff really does matter.... shared via&nbsp;Realtor Magazine.</p>
<h1 property="dc:title">
	5 Ways to Sell a Home Faster, For More Money</h1>
<div id="resize">
	<div class="section-date-author">
		Daily Real Estate News | Wednesday, April 25, 2012</div>
	<!-- /.section-date-author -->
	<div class="body-content">
		<!--<pre></pre>-->
		<div property="dc:description">
			<!--paging_filter-->
			<p>
				24/7 Wall St. recently asked real estate experts and several real estate organizations to weigh in on how sellers can get their house sold at the best price and in the shortest amount of time.</p>
			<p>
				Here&rsquo;s what they had to say as some of the best ways to get the &ldquo;sold&rdquo; sign out this spring:</p>
			<ol>
				<li>
					<strong>Pay attention to &ldquo;curb appeal&rdquo;:</strong> First impressions are critical, and homes with inviting landscapes and exteriors tend to sell better, agents say. Pay attention that the driveway is in good condition, lawn well-kept, and the house looks freshly painted.</li>
				<li>
					<strong>Set the right price: </strong>Real estate professionals know how to set the price and prepare a home for sale. Agents use comparable sales of homes sold in the last 60 days to help set the most realistic price for the sales price of a home. By setting a realistic price from the beginning, sellers should be reminded that this will prevent having to drop the price of the home several times before getting it sold and having it linger on the market. If no recent comps are available, some experts recommended sellers get an appraisal, which will also offer a realistic price that the bank may be willing to take when a buyer tries to qualify for financing the home.</li>
				<li>
					<strong>Talk about energy efficiency: </strong>Many buyers don&rsquo;t fully understand &ldquo;green&rdquo; homes but they understand savings. Sellers should point out any features in their homes &mdash; such as energy-efficient windows or appliances &mdash; that could save buyers money with utility costs.</li>
				<li>
					<strong>Give the home Web appeal:</strong> Good photographs make a home stand-out online and help lure more potential buyers to the front door. Realtor.com says that more than 6,300 photos are viewed per minute on listings posted at its site.</li>
				<li>
					<strong>Make it move-in ready: </strong>Fix any needed repairs, such as water stains, creaky doors, and windows that don&rsquo;t shut. Flaws in the home &mdash; even if relatively minor &mdash; can distract buyers, and should be fixed before the home is even listed. Some agents recommend that sellers get a home inspection prior to putting the home up for sale, which can help sellers be proactive in identifying any potential problems that could potentially derail a sale later on. Once a problem is uncovered, sellers are obligated to disclose it or fix it.</li>
			</ol>
			<p>
				<a href="http://247wallst.com/2012/04/24/thirteen-ways-to-sell-your-home-in-2012/4/" target="_blank">Read more ideas at 24/7 Wall St.</a></p>
			<p>
				<em>Source: &ldquo;<a href="http://247wallst.com/2012/04/24/thirteen-ways-to-sell-your-home-in-2012/4/" target="_blank">13 Ways to Sell Your Home in 2012</a>,&rdquo; 24/7 Wall St. (April 24, 2012)</em></p>
		</div>
	</div>
</div>
<p>
	&nbsp;</p>]]></description><link>http://www.homesforsaletacoma.org/Blog/5-Ways-to-Sell-a-Home-Faster-For-More-Money</link><guid>http://www.homesforsaletacoma.org/Blog/5-Ways-to-Sell-a-Home-Faster-For-More-Money</guid><pubDate>Wed, 25 Apr 2012 00:00:00 GMT</pubDate></item><item><title>Is it just me or is this a bit Cheesy?</title><description><![CDATA[<p>
	Okay, so I&nbsp;am driving&nbsp;in Puyallup&nbsp;coming from showing some homes to&nbsp;a client, and I look over and see&nbsp;this gimmicky, cheesy,&nbsp;non professional&nbsp;looking advertisement outside&nbsp;a real estate office.&nbsp; I wanted to&nbsp;say&nbsp;&quot;houses houses&quot; to&nbsp;sound like the little Roman looking dude on the &quot;Pizza Pizza&quot; commercial.&nbsp;</p>
<p>
	<img alt="" src="http://www.homesforsaletacoma.org/agent_files/cheeseanyone2.jpg" style="width: 372px; height: 244px;" /></p>
<p>
	It may&nbsp;be a little grainy, but it appeared to be a teenager out front with a sign that says 50&nbsp;Homes in Puyallup under $1000 per month with Zero Down.&nbsp; Now I am all for&nbsp;helping people understand&nbsp;what a home costs on the&nbsp;monthly budget, but if the homes are truly $1000 per month or less&nbsp;and include Taxes and&nbsp;Insurance, then I wonder if they are in good enough shape to get a loan.</p>
<p>
	Here is an example:$150,000&nbsp;with 0 down and&nbsp;4%, along with&nbsp;$2800&nbsp;a year in taxes and&nbsp;$550 per year&nbsp;for home owners insurance&nbsp;is $995.29 per month.&nbsp; Now this&nbsp;is a good budget for someone to understand.</p>
<p>
	Zero down is&nbsp;likely referring to&nbsp;USDA loans in&nbsp;Rural areas,&nbsp;so this would mean way south in Puyallup (Silver Firs) or homes that have deferred maintenance&nbsp;(loan issues?)&nbsp;&nbsp;FHA with&nbsp;no money down&nbsp;does not exist without down payment assistance programs, and then with mortgage insurance the&nbsp;purchase price drops to allow the added&nbsp;monthly expense.</p>
<p>
	My point is less about the budget number and more about the&nbsp;level of professionalism this &quot;advertisement&quot;&nbsp;projects.&nbsp;&nbsp;Are we&nbsp;now going to be&nbsp;doing the cheese ads to attract&nbsp;real estate buyers?&nbsp; I&nbsp;left the car business to&nbsp;be amongst&nbsp;a more professional group of colleagues, and in&nbsp;this down market,&nbsp;there is less and less professionalism to&nbsp;work with.&nbsp;&nbsp;In fact, studies have shown that 73% of real estate agents today are&nbsp;not making their primary income from real estate, and this means it is&nbsp;a part time&nbsp;deal for them.&nbsp; We are full time Realtors and dedicated to our clients.</p>
<p>
	At least&nbsp;the kid&nbsp;is not wearing an&nbsp;ape suit or something like that.&nbsp;&nbsp;I really hope this is not a new trend, and I also hope that the consumers will&nbsp;not respond to this&nbsp;sort of cheese display.&nbsp;&nbsp;This is merely&nbsp;a&nbsp;tactic to increase traffic in to the office, and I wonder who would actually see this kid and the sign and&nbsp;change their&nbsp;plans to go see what the&nbsp;ad is really all about.&nbsp;</p>]]></description><link>http://www.homesforsaletacoma.org/Blog/Is-it-just-me-or-is-this-a-bit-Cheesy</link><guid>http://www.homesforsaletacoma.org/Blog/Is-it-just-me-or-is-this-a-bit-Cheesy</guid><pubDate>Mon, 23 Apr 2012 00:00:00 GMT</pubDate></item><item><title>How do I declutter my house when I want to sell it?</title><description><![CDATA[<p>
	This article was in the <a href="http://www.nytimes.com/2012/04/19/garden/declutter-that-house-to-sell-it-faster-market-ready.html"><u>New York Times</u></a> online this morning, and even though we are not&nbsp;nearly as short of&nbsp;space in Tacoma, the&nbsp;tips on&nbsp;simplifying your home&#39;s space to attract buyers is as true&nbsp;here as it is no New York.&nbsp;&nbsp;There are some great&nbsp;tips for how to do something, but maybe more importantly is the why to do it.&nbsp; I hope you enjoy it and find it useful.&nbsp; You can find other useful tips&nbsp;within our site.&nbsp; Check out the&nbsp;<a href="http://www.homesforsaletacoma.org/Seller-Resources/Seller-Tips"><u>Seller Tips</u></a>&nbsp;section.</p>
<p>
	<nyt_headline type=" " version="1.0">
	<h1 class="articleHeadline" itemprop="headline">
		<nyt_headline type=" " version="1.0"><span style="font-size: 12pt;">Q. <strong>What&rsquo;s the best way to declutter my home before I show it to potential buyers? Can I leave packed boxes in a corner or do I need to move things into storage?</strong></span></nyt_headline></h1>
	</nyt_headline><nyt_byline>
	<h6 class="byline" itemprop="name">
		&nbsp;</h6>
	</nyt_byline></p>
<p>
	&nbsp;</p>
<div class="articleBody">
	<p itemprop="articleBody">
		A. Even if your house hasn&rsquo;t been featured on &ldquo;Hoarders,&rdquo; making an effort to clear out clutter and to ensure that your home is as neat and tidy as possible before opening your door to buyers is common advice in real estate circles. And for good reason, said Jeffrey Stockwell, a senior vice president with Stribling &amp; Associates in Manhattan.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</p>
	<p itemprop="articleBody">
		&ldquo;It&rsquo;s vital, because most real estate is aspirational, and buyers want to see themselves someplace better and more beautiful,&rdquo; he said. &ldquo;They want the feeling that if they move in there, it will be organized, clean and attractive. If they walk into a cluttered, messy space, there&rsquo;s none of that feeling that life will be better.&rdquo;</p>
	<p itemprop="articleBody">
		Even if your home is in good condition, Mr. Stockwell said, &ldquo;if it&rsquo;s cluttered, people will think it needs a renovation, and that lowers the value.&rdquo;</p>
	<p itemprop="articleBody">
		But cleaning up isn&rsquo;t always easy. &ldquo;You&rsquo;re parting with things that have emotional value, and that&rsquo;s very difficult for people,&rdquo; he said. &ldquo;They understand the need to do it. It doesn&rsquo;t cost much, if anything, and yet it&rsquo;s really hard to get clients to do it.&rdquo;</p>
	<p itemprop="articleBody">
		Packing personal belongings into boxes that remain in the apartment isn&rsquo;t much of a solution. &ldquo;If I go into an apartment and see a lot of boxes, even if they&rsquo;re attractive boxes,&rdquo; he said, &ldquo;I immediately think there&rsquo;s not enough storage space.&rdquo;</p>
	<p itemprop="articleBody">
		Jeffrey Phillip, a professional organizer in New York, agreed that the boxes need to go.</p>
	<p itemprop="articleBody">
		&ldquo;In Manhattan, you&rsquo;re working with a very limited amount of space, and any space is prime real estate,&rdquo; Mr. Phillip said. &ldquo;Even if you shove boxes into a closet thinking you&rsquo;ll make the living space look good, you&rsquo;re detracting from the storage space, which is another valuable asset.&rdquo;</p>
	<p itemprop="articleBody">
		You could move those things into a storage unit, he said, but &ldquo;better yet, take that time to get organized.&rdquo;</p>
	<p itemprop="articleBody">
		Gearing up for a move is a &ldquo;perfect time to really edit yourself down,&rdquo; he said. There are a number of advantages to doing so: &ldquo;You&rsquo;re going to spend less money for someone to move you, and you&rsquo;re also going to spend less money on storage.&rdquo;</p>
	<p itemprop="articleBody">
		Just &ldquo;don&rsquo;t expect to do it all in one weekend,&rdquo; Mr. Phillip said. Give yourself a few weeks &mdash; or even months &mdash; to complete the task.</p>
	<p itemprop="articleBody">
		&ldquo;It&rsquo;s all about doing small projects, one at a time,&rdquo; he said, rather than trying to tackle the entire home in one shot, which could be overwhelming.</p>
	<p itemprop="articleBody">
		Some areas where you can get quick results include wardrobes, kitchen pantries and drawers, and collections of CDs and DVDs. For the latter, even adding the discs to a binder and doing away with the cases can clear a substantial amount of shelving.</p>
	<p itemprop="articleBody">
		As Mr. Stockwell put it: &ldquo;The rule of thumb is, be ruthless.&rdquo; If you&rsquo;re unsure about something, he added, &ldquo;Get rid of it.&rdquo;</p>
	<p itemprop="articleBody">
		<em>Questions about repairs or redecorating in preparation for putting a home on the market may be sent to <a href="mailto:marketready@nytimes.com">marketready@nytimes.com</a>. Unpublished questions cannot be answered individually.</em></p>
</div>
<p>
	&nbsp;</p>]]></description><link>http://www.homesforsaletacoma.org/Blog/How-do-I-declutter-my-house-when-I-want-to-sell-it</link><guid>http://www.homesforsaletacoma.org/Blog/How-do-I-declutter-my-house-when-I-want-to-sell-it</guid><pubDate>Mon, 23 Apr 2012 00:00:00 GMT</pubDate></item><item><title>2618 91st St S, Lakewood 98499</title><description><![CDATA[<img src="http://www.homesforsaletacoma.org/property/2618-91st-St-S-Lakewood-Washington/images/index/400413/0/t" title="" alt="" style="float:left; padding:3px;" />Clean, well kept rambler on over 1/3 acre in a very convenient location right in town without being in the middle of all the mayhem, 3 beds, 1.75 baths, 2 fireplaces (living room and dining room), close to shopping, transit, JBLM, freeways, short sale being pre-approved currently, home cannot be purchased prior to short sale pre-approval..]]></description><link>http://www.homesforsaletacoma.org/property/2618-91st-St-S-Lakewood-Washington</link><guid>http://www.homesforsaletacoma.org/property/2618-91st-St-S-Lakewood-Washington</guid><pubDate>Sat, 21 Apr 2012 16:53:00 GMT</pubDate></item><item><title>Will this be a real break through in the short sale process?</title><description><![CDATA[<p>
	I read this article today and&nbsp;if it really works, then we say hooray.&nbsp; Otherwise, it may&nbsp;be another&nbsp;idea that falls down short&nbsp;of the&nbsp;finish line once again.</p>
<p>
	<span style="font-size: 14pt;"><u><strong>BofA Makes Changes to Trim&nbsp;Short Sale Timeline</strong></u></span></p>
<p>
	By:&nbsp;Carrie Bay</p>
<p>
	<a href="http://www.bankofamerica.com/" target="_blank">Bank of America</a> is making changes to its short sale procedures and introducing an improved task flow within the short sale technology module from <a href="http://www.equator.com/" target="_blank">Equator</a>, BofA&rsquo;s short sale management platform of choice. The goal: to reduce the timeframe for a short sale decision to less than three weeks.</p>
<p>
	<img border="0" height="225" src="http://www.dsnews.com/site/img/catalog/articles/BankofAmerica.jpg" width="340" /></p>
<p>
	Starting Saturday, April 14, real estate professionals working with BofA will be required to submit five documents for short sales initiated with an offer:</p>
<ul>
	<li>
		Purchase Contract including <a href="https://realestateagent.bankofamerica.com/content/documents/buyersdisclosureaddendum.pdf">Buyer&rsquo;s Acknowledgment and Disclosure</a></li>
	<li>
		HUD-1</li>
	<li>
		<span class="caps">IRS</span> Form 4506-T</li>
	<li>
		<a href="https://realestateagent.bankofamerica.com/content/documents/shortsaleaddendumandagentcertification.pdf">Bank of America Short Sale Addendum</a>, which includes the Agent Certification form</li>
	<li>
		<a href="https://realestateagent.bankofamerica.com/content/documents/tpa.pdf">Bank of America Third-Party Authorization Form</a></li>
</ul>
<p>
	The acknowledgement and disclosure form, short sale addendum, and the form for third-party authorization are available through the company&rsquo;s online <a href="https://realestateagent.bankofamerica.com/shortsale/Default.aspx">Agent Resource Center</a>.</p>
<p>
	The third-party authorization form is a new standardized document developed specifically for BofA. Previously, the lender accepted third-party authorization forms in differing formats and from a variety of sources when transacting a short sale.</p>
<p>
	Bank of America says it recognized a need for greater compliance and consistency with this important document and has now created its own form to standardize the third-party authorization process. The two-page document</p>
<div id="articleColumn2">
	<p>
		requires signed acknowledgments from all borrowers and designated representatives in a short sale. Beginning April 14, BofA will accept only the official <a href="https://realestateagent.bankofamerica.com/content/documents/tpa.pdf">Bank of America Third-Party Authorization Form</a> for short sales.</p>
	<p>
		The bank&rsquo;s new short sale process will enable real estate agents, brokers, attorneys, and other short sale specialists involved in pre-foreclosure transactions to complete tasks such as document collection, valuations, and underwriting simultaneously.</p>
	<p>
		With these steps running concurrently, the timeline from initiation to closing is reduced. In fact, Bank of America says it will now be able to provide a decision on a short sale offer in 20 days. Typically, BofA&rsquo;s short sale process has taken anywhere from 45 days upwards.</p>
	<p>
		In continuing to streamline the decision process, should the buyer walk away from the sale, Bank of America is giving agents five days to submit a backup offer. Previously, the backup offer window was 14 days. Interested buyers are limited to two counteroffers and will receive a response from the lender within three days.</p>
	<p>
		BofA notes that all email messaging between designated selling agents and their Bank of America short sale specialist will continue to occur within the Equator system. Agents will receive a standard notice via email to log into the system and retrieve their messages.</p>
	<p>
		In order to implement the myriad of changes, BofA&rsquo;s Equator platform will be down for 10-12 hours the night of Friday, April 13 into the early morning of Saturday, April 14.</p>
	<p>
		Real estate agents and other short sale professionals are invited to review a Bank of America webinar outlining the coming changes. BofA is also offering task-by-task training on the new Equator process via a webinar to be aired on Thursday, April 19 from 4-5 p.m. (<span class="caps">EST</span>). Additional information can be found through the company&rsquo;s online <a href="https://realestateagent.bankofamerica.com/ptff.aspx?p=252">Agent Resource Center</a>.</p>
	<p>
		Bank of America&rsquo;s short sale and <span class="caps">REO</span> executive Bob Hora says the company expects short sales to continue to increase and is taking steps to ensure it is providing decisions quickly and real estate agents are alerted of status as soon as possible.</p>
</div>
<p>
	&nbsp;</p>
<p>
	&nbsp;</p>]]></description><link>http://www.homesforsaletacoma.org/Blog/Will-this-be-a-real-break-through-in-the-short-sale-process</link><guid>http://www.homesforsaletacoma.org/Blog/Will-this-be-a-real-break-through-in-the-short-sale-process</guid><pubDate>Mon, 16 Apr 2012 00:00:00 GMT</pubDate></item><item><title>How Can I Improve the Curb Appeal of My Home?</title><description><![CDATA[<p>
	Home Values are down substantially over the&nbsp;high point&nbsp;of values&nbsp;in 2007, but the home buyers&nbsp;that are shopping in the&nbsp;market today still look for the WOW&nbsp;factors when comparing&nbsp;homes they&nbsp;are considering purchasing.&nbsp; This is as true&nbsp;for the first time buyer with a budget of $150,000 as it&nbsp;is for the&nbsp;seasoned home buyer spending&nbsp;a lot more.&nbsp;</p>
<p>
	The key to the WOW factor is&nbsp;being able to&nbsp;capture the buyer&#39;s eye in the&nbsp;price range you are selling&nbsp;within.&nbsp;&nbsp;You do not have to&nbsp;out-shine the home that&nbsp;is $350,000 if your home is $180,000.&nbsp; Although&nbsp;this sounds pretty sensible,&nbsp;we do find buyers that&nbsp;want things that are not in the price range they&nbsp;are shopping within.&nbsp; Don&#39;t make the mistake of over doing it,&nbsp;because you&nbsp;will not recover the money you spent to&nbsp;create &quot;that&quot; WOW factor.</p>
<p>
	The first impression is the best one you will get.&nbsp; The first thing we help our sellers understand&nbsp;is that the online presence&nbsp;must be one that attracts the eye.&nbsp; Dark pictures&nbsp;taken with a cell phone are not going to&nbsp;get the&nbsp;job done.&nbsp; We&nbsp;ensure we&nbsp;take the best photos we can by using a professional&nbsp;digital camera with the right kind of flash, and then we process the&nbsp;pictures with photo shop to make sure we get the shadows out so the home is viewable online.&nbsp;&nbsp;Then the buyers come to&nbsp;look at the property, and&nbsp;the scrutiny starts.</p>
<p>
	As soon as they pull up to the house, they are judging the&nbsp;home.&nbsp;&nbsp;Is the yard in good shape and is it mowed, edged,&nbsp;weeded,&nbsp;etc.?&nbsp; They are&nbsp;looking for the&nbsp;welcome feeling that a clean&nbsp;yard and&nbsp;good curb appeal provides.&nbsp;&nbsp;If the wrong impression is made from the driveway,&nbsp;you&nbsp;haven&#39;t got a chance even if they go inside and&nbsp;it is nice.&nbsp;&nbsp;Remember that&nbsp;the buyer is&nbsp;looking for things that will exclude your home from&nbsp;their list, and the&nbsp;walk from the street or driveway to the house is&nbsp;perhaps the most important part of the&nbsp;home viewing.</p>
<p>
	Of course they&nbsp;will go inside and nit pick things too.&nbsp;&nbsp;Some buyers cannot imagine&nbsp;how the home would&nbsp;look if they painted a few walls&nbsp;the way they would prefer.&nbsp;&nbsp;This is the reason we recommend&nbsp;that&nbsp;you paint the interior&nbsp;walls as neutral a&nbsp;color as you can prior to listing the home for sale.&nbsp; If you&nbsp;question the&nbsp;reasoning behind this, just go tour&nbsp;brand new homes and&nbsp;then you will understand.&nbsp; You will find yourself feeling very much&nbsp;at ease in these homes.&nbsp;&nbsp;They have fresh new paint, carpets, flooring, etc., and the&nbsp;smells that accompany this&nbsp;create&nbsp;a certain feel.&nbsp; If you can emulate this in your resale home, you will attract a lot more buyers.</p>
<p>
	They still must get to the inside, so the online presence, and curb appeal must be&nbsp;top&nbsp;priorities when prepping your home to be&nbsp;sold.&nbsp;&nbsp;Your agent&nbsp;(us, or&nbsp;someone else) may be&nbsp;really good at what they do, but&nbsp;the prepping of your&nbsp;home will be&nbsp;your responsibility.&nbsp; We can only make suggestions to help along the way.</p>
<p>
	Now&nbsp;that the&nbsp;overall&nbsp;strategy is set up, let&#39;s get to&nbsp;the curb appeal part of the question.&nbsp; Here is a part of our home prepping&nbsp;guide&nbsp;dealing with the curb appeal items.&nbsp;&nbsp;You can go to our&nbsp;<a href="http://portal.sliderocket.com/BCGTJ/Jim---Erik"><span style="color: rgb(0, 0, 205);"><u>Listing Presentation</u></span></a>&nbsp;and the prepping guides is&nbsp;the last few pages of this&nbsp;presentation.&nbsp;&nbsp;&nbsp;</p>
<p>
	<strong><u><span style="font-family: times new roman,serif;">Tips for Preparing Your Home</span></u></strong></p>
<p>
	<strong><span style="font-family: times new roman,serif;">Exterior</span></strong></p>
<ul>
	<li>
		<span style="font-family: times new roman,serif;">Remove peeling and chipped paint, replace with a fresh coat.</span></li>
	<li>
		<span style="font-family: times new roman,serif;">If the paint is aged, re-paint all the trim for a fresh appearance.</span></li>
	<li>
		<span style="font-family: times new roman,serif;">Clean the windows and replace any failed or cracked windows.</span></li>
	<li>
		<span style="font-family: times new roman,serif;">Clean gutters and downspouts.</span></li>
	<li>
		<span style="font-family: times new roman,serif;">Don&#39;t be afraid to replace the gutters if they are in need due to damage.</span></li>
	<li>
		<span style="font-family: times new roman,serif;">Make sure there is good exterior lighting and all walkway and exterior lights work.</span></li>
	<li>
		<span style="font-family: times new roman,serif;">Clear the moss from the roof, and clean it as needed (no pressure washing).</span></li>
	<li>
		<span style="font-family: times new roman,serif;">When you&nbsp;step back and view the home from the street, are you impressed?</span></li>
</ul>
<p>
	<strong><span style="font-family: times new roman,serif;">Yard</span></strong></p>
<ul>
	<li>
		<span style="font-family: times new roman,serif;">Mow and trim grass; re-seed and fertilize where necessary.</span></li>
	<li>
		<span style="font-family: times new roman,serif;">Prune all overgrown trees and shrubs.</span></li>
	<li>
		<span style="font-family: times new roman,serif;">Remove or replace dead or diseased plants, shrubs, and trees.</span></li>
	<li>
		<span style="font-family: times new roman,serif;">Clean grease and oil stains from driveway, pressure wash if needed too.</span></li>
	<li>
		<span style="font-family: times new roman,serif;">Weed flower beds,&nbsp;and a</span><span style="font-family: times new roman,serif;">dd mulch or beauty bark as needed to freshen the yard up.</span></li>
</ul>
<p>
	<strong><span style="font-family: times new roman,serif;">Decks/Patios</span></strong></p>
<ul>
	<li>
		<span style="font-family: times new roman,serif;">Paint or stain worn areas in wooden decks.</span></li>
	<li>
		<span style="font-family: times new roman,serif;">Remove grass growing in concrete cracks, sweep off debris from shrubs and trees.</span></li>
	<li>
		<span style="font-family: times new roman,serif;">Pressure wash as needed.&nbsp; Make it clean.</span></li>
	<li>
		<span style="font-family: times new roman,serif;">Clean all deck rails and make sure they are secure; replace missing slats and posts.</span></li>
</ul>
<p>
	<strong><span style="font-family: times new roman,serif;">Front Door</span></strong></p>
<ul>
	<li>
		<span style="font-family: times new roman,serif;">Polish the hardware on the front door to make it shine.</span></li>
	<li>
		<span style="font-family: times new roman,serif;">Add a fresh coat of paint to get rid of scratches and scrapes and to make it fresh.</span></li>
	<li>
		<span style="font-family: times new roman,serif;">Clean the glass on storm doors; make sure all screens are intact and in good shape.</span></li>
	<li>
		<span style="font-family: times new roman,serif;">Make sure the door bell operates properly and the doors do not squeak when they are opened or closed.</span></li>
</ul>
<p>
	For&nbsp;more information on Great&nbsp;Curb Appeal, visit&nbsp;<a href="http://www.thisoldhouse.com/toh/photos/0,,20347295,00.html">This Old&nbsp;House Magazine&nbsp;May 2012</a> for&nbsp;more tips.&nbsp;</p>]]></description><link>http://www.homesforsaletacoma.org/Blog/How-Can-I-Improve-the-Curb-Appeal-of-My-Home</link><guid>http://www.homesforsaletacoma.org/Blog/How-Can-I-Improve-the-Curb-Appeal-of-My-Home</guid><pubDate>Fri, 13 Apr 2012 00:00:00 GMT</pubDate></item><item><title>Would Principal Reduction Make a Real Difference?</title><description><![CDATA[<p>
	This morning I was reading&nbsp;an article on&nbsp;<a href="http://money.cnn.com/2012/04/09/news/economy/mortgages-principal-reduction/index.htm">CNN Money</a>&nbsp;and I have a few concerns with the idea of principal&nbsp;reductions&nbsp;on mortgages.&nbsp; I&nbsp;have copied the article after my rant to share it.</p>
<p>
	From my perspective in reading the article and&nbsp;observing the market, as well as working with home sellers and buyers, and&nbsp;talking with folks&nbsp;every day in the real estate market, the programs that&nbsp;the government&nbsp;creates always seem to fall short.&nbsp;&nbsp;We continue to see help for the folks that&nbsp;do not or cannot&nbsp;pay their obligations... the very ones they&nbsp;agreed to in writing.&nbsp;&nbsp;</p>
<p>
	Of course there are true hardships and we must deal&nbsp;with these and&nbsp;find solutions.&nbsp; We do this on a&nbsp;daily basis when someone has&nbsp;a job transfer, or a divorce, death in the family, major illness,&nbsp;or a few other&nbsp;true hardships that life can give us.&nbsp;&nbsp;We have programs to deal with these situations&nbsp;already in the form of&nbsp;<a href="http://abettershortsale.com">Short Sales</a>,&nbsp;Deed in Lieu&#39;s,&nbsp;and some&nbsp;Loan Mods (rarely).&nbsp;&nbsp;The government is working on ways to lessen the&nbsp;foreclosures that could be ahead of us, which would certainly&nbsp;create more economic woes.</p>
<p>
	From the folks I talk to, the general&nbsp;feeling is that&nbsp;if you pay your mortgage and&nbsp;cover your obligations,&nbsp;you are&nbsp;not often&nbsp;rewarded.&nbsp; Yet, it seems&nbsp;like many people that&nbsp;default on the mortgage are&nbsp;finding relief, and some of them are not even&nbsp;experiencing true hardships.&nbsp;&nbsp;We hear&nbsp;arguments&nbsp;like, &quot;corporations make strategic moves&nbsp;like defaults and it is just business&quot;.&nbsp; Now this is true, but as a&nbsp;man that had to close a&nbsp;business&nbsp;in 2002 and then&nbsp;short sale my home and file for&nbsp;bankruptcy, I know&nbsp;very well the consequences of&nbsp;having to default&nbsp;on obligations, even when&nbsp;you are the president of a&nbsp;corporation.&nbsp; We tend&nbsp;to imagine that others get to&nbsp;walk away with no consequences and I am here to&nbsp;tell you it is not the case most of the time.&nbsp; Human nature tends to&nbsp;make us think that&nbsp;&quot;they&quot; just&nbsp;walk away and then sail off in to the sunset.</p>
<p>
	At any rate, here is the article from <a href="http://money.cnn.com/2012/04/09/news/economy/mortgages-principal-reduction/index.htm">CNN Money</a>.&nbsp;&nbsp;It is always easier&nbsp;to know the answer to a problem&nbsp;when looking back on it than it is&nbsp;looking forward and&nbsp;trying to predict an outcome.&nbsp;&nbsp;</p>
<p>
	<strong>&quot;Does Principal Reduction Work?&quot;</strong> <span style="font-size: 8pt;"><span class="byline">By&nbsp;<a href="mailto:tami.luhby@turner.com">Tami </a></span><span class="byline"><a href="mailto:tami.luhby@turner.com">Luhby</a></span><a class="soc-twtname" href="https://twitter.com/intent/user?screen_name=cnnmoney">@CNNMoney</a><span class="cnnDateStamp">April</span><span class="cnnDateStamp"> 9, 2012: 8:36 AM ET</span></span></p>
<p>
	<span style="font-size: 8pt;"><span class="cnnDateStamp"><span style="font-size: 10pt;">NEW YORK (CNNMoney) -- The world will only have to wait a few more weeks to find out whether Fannie Mae and Freddie Mac will allow principal reductions on mortgages they back.</span></span></span></p>
<p>
	<span style="font-size: 8pt;"><span class="cnnDateStamp"><span style="font-size: 10pt;">The Federal Housing Finance Agency will decide this month whether Fannie and Freddie should allow write downs on the balances of borrowers who owe more than their homes are worth, said Ed DeMarco, acting director for the agency.</span></span></span></p>
<div id="ie_column">
	<div class="sharewidgets">
		<span style="font-size: 8pt;"><span class="cnnDateStamp"><span style="font-size: 10pt;">Fannie and Freddie have been at the center of a tug-of-war over fixing the housing market. They have <a href="http://money.cnn.com/2010/05/14/news/economy/fannie_freddie_principal_reduction/index.htm?iid=EL">long resisted calls to write down the balances</a> on the loans in their portfolio, saying it would be too costly for taxpayers.</span></span></span></div>
</div>
<p>
	<span style="font-size: 8pt;"><span class="cnnDateStamp"><span style="font-size: 10pt;">But the <a href="http://economy.money.cnn.com/2012/03/16/fire-the-principal-reduction-opponent/?iid=EL">pressure has been building</a>, especially in the wake of the $26 billion mortgage settlement that will reduce principal for 1 million borrowers whose loans aren&#39;t backed by Fannie and Freddie.</span></span></span></p>
<p>
	<span style="font-size: 8pt;"><span class="cnnDateStamp"><span style="font-size: 10pt;">The agency, which regulates the government-controlled companies, had decided against allowing principal reduction after internal studies showed that alternatives such as adjusting monthly payments or forbearing principal were more cost effective.</span></span></span></p>
<p>
	<span style="font-size: 8pt;"><span class="cnnDateStamp"><span style="font-size: 10pt;">DeMarco has said his agency is charged with protecting taxpayers&#39; interests, and principal reduction would amount to an expensive taxpayer bailout of troubled homeowners.</span></span></span></p>
<p>
	<span style="font-size: 8pt;"><span class="cnnDateStamp"><span style="font-size: 10pt;">Since then, however, the Obama administration has sweetened the pot. It tripled the incentives it will pay to Fannie and Freddie for reducing principal under the Home Affordable Mortgage Program, or HAMP. This has prompted the agency and the companies to redo their analysis.</span></span></span></p>
<p>
	<span style="font-size: 8pt;"><span class="cnnDateStamp"><span style="font-size: 10pt;">But will it even matter if Fannie and Freddie start allowing principal reduction?</span></span></span></p>
<div class="inStoryHeading">
	<span style="font-size: 8pt;"><span class="cnnDateStamp"><span style="font-size: 10pt;">How many are eligible?</span></span></span></div>
<p>
	<span style="font-size: 8pt;"><span class="cnnDateStamp"><span style="font-size: 10pt;">Together, Fannie and Freddie have about 3 million loans that are seriously underwater, according to company filings. But three-quarters of these homeowners are current on their payments and may not qualify.</span></span></span></p>
<p>
	<span style="font-size: 8pt;"><span class="cnnDateStamp"><span style="font-size: 10pt;">&quot;These borrowers are demonstrating a continued willingness to meet their mortgage obligations,&quot; said DeMarco in a recent speech. &quot;This should be recognized and encouraged, not dampened with incentives for people to not continue paying.&quot;</span></span></span></p>
<p>
	<span style="font-size: 8pt;"><span class="cnnDateStamp"><span style="font-size: 10pt;">In the end, the number of eligible underwater Fannie and Freddie loans could range from a few hundred thousand up to 750,000, according to estimates. That&#39;s not that much considering there are 11 million underwater borrowers in the U.S., just over a quarter of whom are behind in their payments.</span></span></span></p>
<div class="inStoryHeading">
	<span style="font-size: 8pt;"><span class="cnnDateStamp"><span style="font-size: 10pt;">Is it effective?</span></span></span></div>
<p>
	<span style="font-size: 8pt;"><span class="cnnDateStamp"><span style="font-size: 10pt;">&quot;The scheme would still be a useful way to tackle the foreclosure problem,&quot; said Paul Diggle, property economist at Capital Economics. &quot;And it certainly wouldn&#39;t do any harm to the housing recovery.&quot;</span></span></span></p>
<p>
	<span style="font-size: 8pt;"><span class="cnnDateStamp"><span style="font-size: 10pt;">But experts still fear that allowing principal reduction will open a new wave of strategic defaults, where homeowners decide to stop paying their mortgages in order to benefit from modification programs. This so-called moral hazard has been one of the main concerns that has kept principal reductions at bay.</span></span></span></p>
<p>
	<span style="font-size: 8pt;"><span class="cnnDateStamp"><span style="font-size: 10pt;">&quot;Principal reduction will prevent more foreclosures for some borrowers who are delinquent,&quot; said Susan Wachter, real estate professor at the University of Pennsylvania&#39;s Wharton School. &quot;But there is a potential for it to undermine borrowers&#39; incentive to keep current on their mortgages.&quot;</span></span></span></p>
<div class="inStoryHeading">
	<span style="font-size: 8pt;"><span class="cnnDateStamp"><span style="font-size: 10pt;">How much will it cost?</span></span></span></div>
<p>
	<span style="font-size: 8pt;"><span class="cnnDateStamp"><span style="font-size: 10pt;">Though part of that would be covered by the Obama administration, it&#39;s still ultimately taxpayer money whether it comes from HAMP or from the open line of bailouts Treasury provides to Fannie and Freddie.</span></span></span></p>
<p>
	<span style="font-size: 8pt;"><span class="cnnDateStamp"><span style="font-size: 10pt;">Not everyone is convinced that the benefits are worth the price.</span></span></span></p>
<p>
	<span style="font-size: 8pt;"><span class="cnnDateStamp"><span style="font-size: 10pt;">&quot;The question is at what cost will it have an effect?&quot; said Ted Gayer, co-director of economic studies at the Brookings Institution. <a href="http://money.cnn.com/2012/04/09/news/economy/mortgages-principal-reduction/index.htm?iid=EL#TOP"><img alt="To top of page" border="0" height="7" src="http://i.cdn.turner.com/money/images/bug.gif" width="7" /></a></span></span></span></p>
<div id="bottomTblSpace">
	&nbsp;</div>
<div class="storytimestamp">
	<span style="font-size: 8pt;"><span class="cnnDateStamp"><span style="font-size: 10pt;">First Published: April 9, 2012: 8:33 AM ET</span></span></span></div>
<p>
	&nbsp;</p>
<p>
	&nbsp;&nbsp;</p>]]></description><link>http://www.homesforsaletacoma.org/Blog/Would-Principal-Reduction-Make-a-Real-Difference</link><guid>http://www.homesforsaletacoma.org/Blog/Would-Principal-Reduction-Make-a-Real-Difference</guid><pubDate>Mon, 09 Apr 2012 00:00:00 GMT</pubDate></item><item><title>Pros and Cons of Assuming Someone's Mortgage (FHA or VA)</title><description><![CDATA[<p>
	I&nbsp;had a&nbsp;client ask me about&nbsp;helping&nbsp;him sell&nbsp;his house to his&nbsp;renters by way of VA Loan assumption.&nbsp;&nbsp;After reading several&nbsp;articles, and speaking&nbsp;with a few of my&nbsp;mortgage lender friends,, I found that this is just not the&nbsp;best option for the seller or the buyer.&nbsp; I copied the best article I read,&nbsp;and it really explains the&nbsp;good and bad, and&nbsp;outlines when this&nbsp;mortgage assumption is a&nbsp;good thing to do.&nbsp;&nbsp;In this client&#39;s situation, I offered to handle the transaction at a reduced rate since&nbsp;I did not really have to&nbsp;market the property or do anything at all&nbsp;besides the put together&nbsp;the contract and follow the transaction to a successful closing.</p>
<p>
	Two very big reasons this is not the best deal for ether the buyer or the seller in this&nbsp;situation are;</p>
<p>
	1. The interest&nbsp;rates are&nbsp;currently lower than the&nbsp;VA Loan the buyer would be assuming, and</p>
<p>
	2.&nbsp;Even though&nbsp;the seller would be giving up the&nbsp;right to the home, he would still&nbsp;be ultimately responsible for the mortgage in the event the buyer was to default.</p>
<p>
	Are Mortgage Assumptions a Good Deal?&nbsp;&nbsp;<span id="cke_bm_295S" style="display: none">&nbsp;</span><span id="cke_bm_296S" style="display: none">&nbsp;</span><span id="cke_bm_297S" style="display: none">&nbsp;</span>&nbsp;by&nbsp;<span id="cke_bm_306S" style="display: none">&nbsp;<a href="http://www.TheMortgageProfessor.com">www.TheMortgageProfessor.com</a></span><span id="cke_bm_306E" style="display: none">&nbsp;</span><span id="cke_bm_305E" style="display: none">&nbsp;</span><span id="cke_bm_304E" style="display: none">&nbsp;</span><span id="cke_bm_303E" style="display: none">&nbsp;</span><span id="cke_bm_302E" style="display: none">&nbsp;</span><span id="cke_bm_301E" style="display: none">&nbsp;</span><span id="cke_bm_300E" style="display: none">&nbsp;</span><span id="cke_bm_299E" style="display: none">&nbsp;</span><span id="cke_bm_298E" style="display: none">&nbsp;</span><span id="cke_bm_296E" style="display: none">&nbsp;</span><span id="cke_bm_295E" style="display: none">&nbsp;</span><!-- #EndEditable --><!-- #BeginEditable "body" --></p>
<div id="ArticleBody">
	November 17, 2003, Revised December 20, 2005, October 2, 2007, September 2, 2009, July 12, 2010<br />
	<br />
	Assuming a home seller&#39;s existing mortgage can be attractive when the rate on that mortgage is well below the current market. Such assumption has a value that can be shared by buyer and seller. However, with a few exceptions, conventional loans today must be repaid on sale of the property, and lenders will allow an assumption only at the current market price. FHA and VA loans remain assumable, but the buyer must be approved by the lender or the agency.<br />
	<h1>
		Value of Mortgage Assumptions</h1>
	<br />
	<em>&ldquo;I have been offered a deal where I take over the home seller&rsquo;s mortgage. What are the pros and cons of doing this?&rdquo;</em><br />
	<br />
	When a homebuyer assumes responsibility for a home seller&rsquo;s existing mortgage, it is called an &ldquo;assumption&rdquo;. The buyer assumes all the obligations under the mortgage, just as if the loan had been made to her.<br />
	<br />
	The major driving force behind assumptions is the lower interest rate on the assumed mortgage relative to current market rates. If the home seller has a 5.5 % mortgage, for example, and the best the buyer can get in the current market is 7%, both parties can be better off if the buyer assumes the 5.5% loan. An assumption also avoids the settlement costs on a new mortgage.<br />
	<br />
	When market rates are low, we hear little about assumptions. When market rates are well above previous lows, assumptions receive increasing attention.<br />
	<br />
	The value of an assumption depends on the difference in rate, the balance and period remaining on the old loan, the term of the new loan, on how long the buyer expects to have the mortgage, and on the &ldquo;investment rate&rdquo; &ndash; the rate the buyer could earn on her savings. Assuming that the 5.5% loan has a $100,000 balance with 200 months remaining while the 7% loan would be for 30 years, that the buyer expects to be in the house for 5 years and can earn 4% on investments, the value is about $7,000. Here is a spreadsheet that makes this calculation. <a href="http://www.mtgprofessor.com/Spreadsheets/Value%20of%20assumption.xls">Value of Assumptions</a>.<br />
	<br />
	The $7,000 of savings does not include the settlement costs on a new loan. On the other hand, the savings would be reduced if the buyer has to supplement the existing loan balance with a new second mortgage at a higher rate. This could well be the case if the existing loan balance has been paid down appreciably, and/or the house has appreciated since that mortgage was taken out. The buyers who do best on assumptions are those who have the cash to pay the difference between the sale price and the balance of the old loan.<br />
	<br />
	However, buyers should not expect to receive the full value of an assumption. The seller must benefit as well; typically, the parties share the savings. The seller&rsquo;s share will be in the form of a higher price for the house. Indeed, some economists believe that the full value of the assumption should be reflected in the price of the house, but this is as implausible as the opposite view, that only the buyer benefits.<br />
	<h1>
		Lender Attitudes Toward Mortgage Assumptions</h1>
	<br />
	The benefit to buyer and seller from assuming an old loan comes at the expense of the lender. Instead of having the 5.5% loan repaid, which would allow the lender to convert it into a new 7% loan, the 5.5% loan stays on the books. Back in the 70s and 80s, lenders couldn&rsquo;t do anything about this. Mortgage notes at that time did not prohibit assumptions, and the courts ruled that lenders could not prevent them.<br />
	<br />
	Following that experience, however, lenders have inserted due-on-sale clauses in their notes. (An exception is FHA and VA mortgages, which do not contain these clauses, see below). These stipulate that if the property is sold, the loan must be repaid. Even with a due-on-sale clause, the lender may allow an assumption -- keeping the loan on the books avoids the cost of making a new loan &ndash; but the interest rate will be raised to the current market rate.
	<h1>
		Allowable Assumptions Under Garn-St. Germain</h1>
	<br />
	Whether a mortgage includes a due-on-sale clause or not, assumptions are explicitly allowable under the Garn-St. Germain Act of 1982 on certain types of transactions. For example, if the title is transferred after a death or a divorce, the mortgage can be assumed by the owner. Bob Bruss describes a number of transactions of this type on which lenders cannot enforce a due-on-sale clause. See <a href="http://articles.latimes.com/1989-12-24/realestate/re-1882_1_first-mortgage-lender?pg=1">http://articles.latimes.com/1989-12-24/realestate/re-1882_1_first-mortgage-lender?pg=1</a>
	<h1>
		Assumptions Using a &quot;Wrap-Around&quot; Mortgage</h1>
	<br />
	Raising the interest rate to market removes most of the benefit of the assumption to the buyer and seller. In some cases, they attempt to retain the benefit by agreeing to a sale using a wrap-around mortgage, without the knowledge of the lender. The seller takes a mortgage from the buyer, which may be for a larger amount than the balance of the old loan, and continues to pay the old mortgage out of the proceeds of the new one. The new mortgage &ldquo;wraps&rdquo; the old one.<br />
	<br />
	This is a dangerous business, particularly to the seller, who has given up ownership of the house but retained liability for the mortgage. The seller is in deep trouble if the buyer fails to pay, or if the lender discovers the sale and demands immediate repayment of the original loan. I wouldn&rsquo;t do it, even if I were selling the house to my mother.<br />
	<h1>
		Allowing Assumptions at a Price</h1>
	<br />
	<em>&quot;Instead of prohibiting assumptions, thereby encouraging wrap-arounds, why don&#39;t lenders explicitly allow them for a price?&quot;</em><br />
	<br />
	Good question. When interest rates are above their lows and new borrowers are concerned that they could go much higher, some would be willing to pay a premium rate for the right to transfer that rate to a home buyer in the future.<br />
	<br />
	For example, a borrower taking a 6.5% 30-year FRM might be willing to pay 6.875% for the right to allow a home buyer to take it over when he sells his house. The higher rate is akin to an insurance premium. If market rates are above 16% when he sells, as they were in 1981, he will save a bundle.<br />
	<br />
	An assumable mortgage has some resemblance to a portable mortgage. If you sell your home and your mortgage is assumable, it can be transferred to the buyer; if it is portable, it can be transferred to a new property you buy. Portability is of no value if you decide to rent, go to a nursing home, or die, whereas an assumable mortgage retains its value in these situations. On the other hand, some portion of the value of an assumable mortgage must be shared with the purchaser. A mortgage that is both assumable and portable would have enhanced value.<br />
	<br />
	Lenders who offer an assumability option will require that any new borrower meet the lender&rsquo;s qualification requirements. Borrowers purchasing the option will need to be confident that the lender won&rsquo;t tighten its requirements when market rates increase. The best assurance would be a commitment to accept approval under one of the automated underwriting systems developed by Fannie Mae or Freddie Mac.<br />
	<h1>
		Assuming FHA and VA Mortgages</h1>
	<p>
		<br />
		Loans insured by FHA or guaranteed by VA have always been assumable. During periods when borrowers are concerned about future rate increases, this gives them an edge.<br />
		<br />
		FHA loans closed before December 14, 1989, and VA loans closed before March 1, 1988 are assumable by anyone. Buyers who assume these mortgages don&rsquo;t have to meet any requirements at all, but the seller remains responsible for the mortgage if the buyer doesn&rsquo;t pay.<br />
		<br />
		Any seller who allows assumption by a buyer without a release of liability from the lender is looking for trouble. Even if the buyer pays, and that is a crapshoot, the seller&rsquo;s ability to obtain another mortgage will be prejudiced by his continued liability on the old one.<br />
		<br />
		WARNING: The release of liability from the lender must be in writing, and you must preserve the document. This will protect you in the event that the new borrower defaults and the collection agency comes after you &ndash; it knows nothing about your release of liability. This happens!<br />
		<br />
		If an old FHA or VA is attractive to a buyer, the seller can request that the agency underwrite the buyer. If the buyer is approved, the seller will be released from liability. At this point, there can&rsquo;t be many of these loans left with balances large enough to be attractive to buyers.<br />
		<br />
		Assumption of FHA and VA loans closed after the dates shown above requires approval of the buyer by the lender, or the agencies. The process is much the same as it would be for a new borrower. Upon approval of the buyer and sale of the property, the seller is relieved of liability. FHA allows lenders to charge a $500 assumption fee and a fee for the credit report. VA allows a $255 processing fee and a $45 closing fee, and the VA itself receives a funding fee of &frac12; of 1% of the loan balance.<br />
		<br />
		There are some qualifications in connection with VA assumptions that are discussed in <a href="http://www.vba.va.gov/ro/manchester/lgymain/localreleaselp05-04.doc">VA Home Loan Assumptions and Release of Liability</a>.<br />
		<br />
		FHA and VA loans that were closed during the low-rate years 2003-2009 will become attractive targets for assumption if interest rates rise in subsequent years. Potential sellers who have one of these loans can use the <a href="http://www.mtgprofessor.com/Spreadsheets/Value%20of%20assumption.xls">Value of Assumptions</a> spreadsheet to estimate how much the assumption would be worth to a potential buyer. A fuller analysis will be found at <a href="http://www.mtgprofessor.com/A%20-%20FHA/How%20Much%20Is%20Mortgage%20Assumability%20Worth.html">Assumability of FHAs: How Much Is It Worth?</a><br />
		<br />
		<br />
		&nbsp;</p>
</div>
<p>
	<!-- #EndEditable --></p>]]></description><link>http://www.homesforsaletacoma.org/Blog/Pros-and-Cons-of-Assuming-Someones-Mortgage-FHA-or-VA</link><guid>http://www.homesforsaletacoma.org/Blog/Pros-and-Cons-of-Assuming-Someones-Mortgage-FHA-or-VA</guid><pubDate>Mon, 09 Apr 2012 00:00:00 GMT</pubDate></item><item><title>When Excluding Distressed Sales, Home Prices Continue to Rise</title><description><![CDATA[<p>
	<em>Disclaimer:&nbsp;I liked this article so much that&nbsp;I copied it directly to our blog.&nbsp;&nbsp;If you know&nbsp;me, you&#39;ve most likely&nbsp;heard me say&nbsp;something similar.&nbsp; I have segmented the market&nbsp;for buyers and sellers and shown them the difference in activity based on&nbsp;being&nbsp;distressed&nbsp;or non-distressed.... an I am&nbsp;glad to see someone else making&nbsp;this a big deal. -Jim&nbsp;Swanson,&nbsp;<a href="http://www.homesforsaletacoma.org">www.homesforsaletacoma.org</a></em></p>
<hr />
<p>
	<span style="font-size: 8pt">By</span>:&nbsp;<span style="font-size: 8pt">Esther Cho</span></p>
<p>
	When excluding distressed sales, such as short sales and <span class="caps">REO</span> transactions, prices actually increased on a month-over-month basis in February, according to the February 2012 Home Price Index released by <a href="http://www.corelogic.com/" target="_blank">CoreLogic</a> Wednesday. Though, when including distressed sales, prices decreased compared to the month before.</p>
<p>
	<img border="0" height="225" src="http://www.dsnews.com/site/img/catalog/articles/home-prices.jpg" width="340" /></p>
<p>
	Month-over-month home prices increased by 0.7 percent in February when not factoring in distressed sales and decreased 0.8 percent compared to the year before.</p>
<p>
	When including distressed sales, prices dropped 0.8 percent compared to the prior month in January, which is the seventh consecutive monthly decline, while year-over-year prices fell 2 percent, according to the report.</p>
<p>
	In response to this data, <a href="http://www.capitaleconomics.com/" target="_blank">Capital Economics</a> noted in its report the 2 percent yearly drop is the smallest annual decline in 18 month.</p>
<p>
	Although prices continue to decline, Mark Fleming, chief economist with Corelogic, said it is at at a decreasing rate, and when excluding distressed sales, modest price appreciation has been seen month-over-month in January and February.</p>
<p>
	&ldquo;The continued strength of sales activity and tightening inventories in many markets are early and hopeful signs that prices will continue to stabilize and improve in the coming months,&rdquo; said Anand Nallathambi, president and <span class="caps">CEO</span> of CoreLogic.</p>
<p>
	Nallathambi also added that non-distressed home sale prices represent two-thirds of all sales and have appreciated by just over 1 percent since the beginning of the year.</p>
<p>
	The 0.7 percent increase is from the end of January to end of February.</p>
<p>
	In the Capital Economics report, authored by economist Paul Diggle, the 35 percent rise in homes sales and the 20 percent fall in visible inventory over the past year-and-a-half are attributed for the stop in the dropping of home prices. The research firm forecasts another 10 percent rise in home sales this year.</p>
<p>
	&ldquo;That said, widespread negative equity and still-tight credit conditions mean that significant and sustained gains in house prices are still some way off,&rdquo; Capital Economics stated. &ldquo;However, a few years of stability is hardly unusual following steep adjustments. And once the various constraints on demand ease, the sheer extent of undervaluation in the housing market should eventually lead to a period of stronger growth.&rdquo;</p>
<p>
	For the largest core based statistical areas (CBSAs), Chicago-Joliet-Naperville, Illinois depreciated the most at 7.3 percent, while Phoenix-Mesa-Glendale, Arizona appreciated the most at 7 percent when including distressed sales. Both CBSAs had the same ranking when excluding distressed sales, but fell 3.8 percent and increased 3.9 percent, respectively.</p>
<p>
	<strong>Five states with highest appreciation</strong><br />
	(Including distressed sales)</p>
<ol>
	<li>
		West Virginia (+8.6 percent)</li>
	<li>
		Michigan (+5.8 percent)</li>
	<li>
		Florida (+4.7 percent)</li>
	<li>
		Arizona (+4.5 percent)</li>
	<li>
		South Dakota (+4.1 percent)</li>
</ol>
<p>
	Five states with the greatest depreciation<br />
	(Including distressed sales)</p>
<ol>
	<li>
		Delaware (-11.2 percent)</li>
	<li>
		Connecticut (-7.9 percent)</li>
	<li>
		Rhode Island (-7.8 percent)</li>
	<li>
		Illinois (-7.1 percent)</li>
	<li>
		Georgia (-6.6 percent)</li>
</ol>
<p>
	Five states with the highest appreciation<br />
	(excluding distressed sales)</p>
<ol>
	<li>
		South Dakota (+5.9 percent)</li>
	<li>
		West Virginia (+5.6 percent)</li>
	<li>
		Maine (+4.5 percent)</li>
	<li>
		Utah (+3.7 percent)</li>
	<li>
		Montana (+3.6 percent)</li>
</ol>
<p>
	Five states with the greatest depreciation<br />
	(excluding distressed sales)</p>
<ol>
	<li>
		Delaware (-8.7 percent)</li>
	<li>
		Connecticut (-4.9 percent)</li>
	<li>
		Nevada (-4.6 percent)</li>
	<li>
		Vermont (-4.0 percent)</li>
	<li>
		Minnesota (-3.3 percent)</li>
</ol>
<p>
	<em>(Source: CoreLogic)</em></p>]]></description><link>http://www.homesforsaletacoma.org/Blog/When-Excluding-Distressed-Sales-Home-Prices-Continue-to-Rise</link><guid>http://www.homesforsaletacoma.org/Blog/When-Excluding-Distressed-Sales-Home-Prices-Continue-to-Rise</guid><pubDate>Thu, 05 Apr 2012 00:00:00 GMT</pubDate></item><item><title>Amazing Craftsman in North Tacoma</title><description><![CDATA[<img src="http://www.homesforsaletacoma.org/property/2910-N-26th-St-Tacoma-Washington/images/index/395315/0/t" title="" alt="" style="float:left; padding:3px;" />Incredibly maintained 3 bed/1.75 ba Craftsman located 1/2 way between "Old Town" & the "Procter District"...the most coveted location to live in Tacoma. Home has the warmth and charm that defines the area. Features include Master w/Master-Bath and Walk-In closet. Kitchen has Corian counters, Bamboo flooring, hardwoods throughout! Upstairs 3rd Bd w/Bonus Rm. Full basement with shop! Alley access to 1 car detached garage + Shop/Greenhouse! NEW ROOF, W/D and all appliances. Close to everything!]]></description><link>http://www.homesforsaletacoma.org/property/2910-N-26th-St-Tacoma-Washington</link><guid>http://www.homesforsaletacoma.org/property/2910-N-26th-St-Tacoma-Washington</guid><pubDate>Wed, 04 Apr 2012 17:11:00 GMT</pubDate></item></channel></rss>
