Sun Valley Idaho Real Estate Information & Real Estate Blog | Sun Valley Real Estate – Part 7

Local and Real Estate News

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According to the most recent 2010 Profile of Home Buyers and Sellers, real estate agents and the Internet continue to be the most important resources in the home process. While the usage of the Internet has increased in the process, it does not diminish the use of the agent, but rather provides a …

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I share this article as I know real estate advertising on Craigslist works when done right. Craigslist is just one of many online sites I use as part of my creative marketing systems to promote properties we represent. The main function is to drive traffic back to my site were buyers can see more detailed …

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U.S. home sales totaled 3.6 million in 2010, a 12% drop from the year before that pulled prices down with it, according to data provider CoreLogic (CLGX: 20.60 -0.15%). In November, the latest month of data available from CoreLogic, home prices dropped 5.1% for the fourth straight month of decline. Decreases in home prices have …

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FSBOs Vanish, Sellers Turn to Real Estate Pros For Results For-sale-by-owners are rare nowadays. In fact, the number of FSBOs dropped to record lows over the past year. Unrepresented sellers make up just 11 percent of the market, down from 13 percent in 2009, according to the 2010 National Association of REALTORS® Profile of Home …

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The Federal Housing Administration is increasing its annual mortgage insurance premium one quarter of one point on all 15-year and 30-year mortgages backed by the agency. The hike is in response to a congressional mandate that gave the FHA permission to increase premiums and keep its insurance fund liquid. The higher premiums also were outlined …

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REUTERS: Mon Feb 14, 2011 7:11pm EST * MERS not agent of banks in foreclosures, court rules * Rulings against MERS could add to foreclosures * MERS says ruling misinterpreted law NEW YORK, Feb 14 (Reuters) – A company that tracks roughly half of all U.S. home loans has no right to transfer mortgages, a …

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The Blaine County Commissioners are considering a new, more efficient energy building code that would be implemented county wide should they adopt it. Under the proposed code, new homes more than 11,000 square feet in size would be required to have a Home Energy Ratings System (HERS) score of zero, effectively meaning all the home’s …

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Big news in the real estate world today! Fannie/Freddie On Chopping Block –The white house came out with their mortgage reform options today, including the shut-down of Fannie/Freddie. There is a lot of analysis going on, here’s some from CNBC / CNN / WSJ The Obama administration laid out three broad options Friday for reducing …

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American Dream Still Lives Although foreclosures and underwater homes continue to plague the current housing market, 70% of Americans still view homeownership as being part of their American Dream. Millennials Driving Economic Recovery Although many of today’s young adults came of age during the housing crash, more than one in four (26%) say their views …

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New VantageScore 2.0 Credit Scoring System May Help People Who’s Credit Has Been Impacted Or Damaged By Recent Economic Downturn STAMFORD, Conn., Jan. 20, 2011 – VantageScore Solutions announced today that the latest version of its credit scoring model, VantageScore® 2.0, is now available to financial institutions in a production environment from each of the …

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Active MLS listing inventory (this report is single family homes only) in the Ketchum, Sun Valley areas has dropped from the peak in August 2010 of 176 listings to 120 listings in January 2011. New listings entered into the MLS has also dropped from a peak of 38 in June 2010 to 3 in January …

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Great News! I’m making headway creating new features that I hope will be of benefit for those interested in our local real estate market. Here is a sample of a new feature that will be integrated throughout the site – market snapshots, i.e. pictorials of various properties currently on the market. Listings are updated in …

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Currently my website is going through major changes and an upgrade. Over the next few weeks you will see many changes taking place, plus will soon have the ability to interact with the site via posting questions and regarding our local real estate market here in the greater Sun Valley area. I am also …

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