Modesto Real Estate – Luz Martinez

The average home price in the United States will fall by about 6% by September 2011, according to a joint report between Fiserv and Moody’s Economy.com. And that’s after plunging more than 27% in the past three years.

Most of the projected home price decline will occur during the usually slow summer months of 2010. After that, prices should begin to stabilize, according to Fiserv, and stay almost flat through fall of 2011.

The main reason for continued decline, according to Mark Zandi, economist and co-founder of Economy.com, is foreclosures — the same thing that’s plagued markets for the past three years.

“Foreclosure sales will pick up this spring as mortgage servicers figure out who can qualify for a modification and who can’t,” said Zandi.  Read More Here

With the average home size declining, owners are cleverly doing more with the square footage they have.

Years before house staging came into vogue as a sales tool, Howard Hoffman was helping sellers rearrange their furniture to maximize floor space and enhance a home’s beauty. Hoffman, GRI, SRES®, now owns Stage & $ell, a home staging and redesign company in Indianapolis.

Chances are he’ll have a lot more business in the years ahead from people needing to resize their lives. With baby boomers entering retirement, young adults delaying marriage, and the economy improving by fits and starts, Americans are starting to embrace the idea that less is more when it comes to their square footage. The average size of a new house decreased last year for the first time in nearly three decades.

“Home buyers have been changing,” says Fran Litton, a planner with Evans Group, an architectural firm in Orlando, Fla. “They still want the luxury and toys, but they’re putting them into a smaller space.”
By Maggie Sieger Read more

Image via Wikipedia

Some buyers have been able to take advantage of falling prices, and some sellers still are able to cash in.

What it means is that even though there are people hurting in this real estate downturn, there also are people who have found a silver lining.

If you bought a house in 2001, you’re fine. You’ve seen the best of times,” said Ken Rivera, manager at American Pacific Mortgage in Modesto.

Despite recent declines, Stanislaus County’s median home sales price in September was $300,000, which is nearly double what it was in 2001, according to DataQuick Information Systems.

Rivera explained that the slump in prices and values is negative only if you’re trying to sell your home or refinance your loan.

He said the angst about the current state of real estate suffers from the same flaw that caused many of the problems in the market: a perspective that’s too short.
Read More at ModBee.com
By BEN van der MEER

The NATIONAL ASSOCIATION of REALTORS® this week launched HouseLogic, a new, comprehensive consumer Web site designed to help home owners make smart decisions to maintain, protect, and increase the value of their homes. HouseLogic will help consumers take responsible actions pertaining to what is likely the largest investment of their lives.

“Backed by the resources and industry insights of NAR and its REALTOR® members, HouseLogic will engage and involve consumers throughout the lifecycle of homeownership,” said NAR President Vicki Cox Golder. “It makes sense that, as the first, best source for real estate information, NAR should collaborate with today’s consumers to help them make the most out of owning a home. HouseLogic will help us do that.”

The free Web site helps home owners plan and organize their home projects and provides timely articles and news; home improvement advice and how-to’s; and information about taxes, home finances and insurance.

“Unlike other homeownership Web sites, HouseLogic helps consumers view their home through a financial lens and make smart, informed home improvement investment decisions,” said Golder. “Families can set goals for saving money on their home or increasing its value, and easily track the progress they are making on those goals.”

Registered users can save relevant information, create to-do lists, and set project reminders. The Web site can also be customized for individual owners depending on how handy or ambitious they are regarding home projects; how much money they want to spend or save; where they live; and their priorities, such as increasing the value of their home or improving their neighborhood.

HouseLogic also empowers home owners who want to get more actively engaged in shaping community life, advocating on neighborhood and homeownership issues that matter most to them. The site provides users with the tools and know-how to effect change, such as establishing a neighborhood watch program, building a community playground, or participating in city or county planning efforts.

“For more than 100 years REALTORS® have been bringing America home,” said Golder. “HouseLogic takes owning a home to the next level, partnering with consumers to truly help people build their futures through homeownership.”

Visit HouseLogic at www.houselogic.com

— NAR

 Students who participate in arts programs are at least three times more likely to be recognized for academic achievement, elected to class office within their schools, participate in a math and science fair, win an award for school attendance and win an award for writing an essay or poem. 

Don’t miss out on the the chance to experience this classic musical with your students & family!  Annie is a delightful theatrical experience for the entire family.

8:00 pm     Gallo Center for the Arts   1000 I Street, Modesto, CA 209-338-2100

Price: $45.00 – $89.00
Dates:
Fri. Feb 19 8:00p
Sat, Feb 20 2:00p
Sat, Feb 20 8:00p
Sun, Feb 21 2:00p

www.galloarts.org, http://www.dosomething.org

Boomers are willing to move farther than previous generations when they retire, and they are choosing places unlike stereotypical retirement hotspots, says Tom Brokaw in his report on Boomer retirement, airing on CNBC, Thursday, March 4 at 9 p.m. ET. The top places listed by AARP and explored on the show.

Modesto, California was named ‘Money Magazine’s’ Best place to retire in 2006! View the full article at CNNMoney.com

The economy is hurting. Home sales in many markets remain sluggish. Uncertainty abounds. In this kind of environment, it’s easy to get discouraged. But there’s no reason you have to stay that way, says Jon Gordon, author of The No Complaining Rule: Positive Ways to Deal With Negativity at Work (Wiley, 2008). Here’s Gordon’s advice on how to come out ahead in this tough market.

 1. Tell yourself a positive story. Life is a story. The story we tell ourselves and the role we play in that story determines the quality and direction of our life. The best real estate professionals are able to overcome adversity by telling themselves a more positive story than the rest. Instead of a drama or a horror movie, they define their life as an inspirational tale. Instead of being the victim, they see themselves as a fighter and overcomer. You may not be able to control market conditions, but you can influence the outcome of your story.

 2. Model yourself after success. Are there real estate practitioners succeeding today? Of course there are. Seek out those people in your market and ask to meet with them. Learn from their advice and model their attitudes and actions. If they can succeed, so can you.

 3. Focus on the important stuff. Tune out the negative voices and start making positive choices. What are you doing on a daily basis to grow yourself, your team, and your business? Don’t focus on the negative things other salespeople and the media are saying. Instead, focus on marketing your business, taking care of clients, and building loyal relationships. Every morning ask yourself this question: “What are the three most important things I need to do today that will help me create the success I desire?” Then take action on those items.

 4. Replace “have to” with “get to.” This simple word swap can change your mind-set and your approach to work and life. It turns a complaining voice to an appreciative voice, and acknowledges that life is a gift—not an obligation. So often we grudgingly say things like “I have to go to this meeting,” “I have to meet with this client,” or “I have to sell houses in this market.” In reality, it’s not about what we have to do. It’s about what we get to do. Research shows that when we practice gratitude, we get a measurable boost in happiness that energizes us and enhances our health. It’s also physiologically impossible to be stressed and thankful at the same time.

 5. Refuse to participate in the recession. Professionals who’ve thrived during past recessions continued to go about business as usual regardless of market conditions. They worked hard and focused on taking actions to grow their business. As others are paralyzed by fear, take the opportunity to charge forward.

 6. Boost your marketing and advertising. It may seem counterintuitive to spend more money on advertising and marketing right now. But with so many of your competitors cutting back in these areas, this is a great opportunity to build your brand and gain market share. People are still buying and selling, and they will buy from those whom they trust and see in the marketplace.

 7. Create a positive vision. Instead of being disappointed about where you are, make the decision to be optimistic about where you are going. Create a positive vision for your future and the future of your team. Vision helps you see the road ahead and it gives you something meaningful and valuable to strive towards.

 8. Invite others on your bus. Invite colleagues and customers to board your bus for a positive ride. Send them an e-bus ticket at www.TheEnergyBus.com. Share your vision with team members and ask them to join you in making this vision a reality. Be a positive influence.

 9. No more complaining. Abide by the “no complaining” rule. When you realize you’re about to complain, replace your thoughts and words with positive actions. Let your complaints help you identify what you don’t want so that you can focus on what you do want. The key is to turn complaints into solutions.

 Source: Jon Gordon is a speaker, consultant, and author of The Energy Bus: 10 Rules to Fuel Your Life, Work, and Team with Positive Energy (Wiley, 2007), and The No Complaining Rule: Positive Ways to Deal with Negativity at Work (Wiley, 2008). Gordon’s next book, Training Camp: What the Best Do Better Than Everyone Else, is scheduled to be released next month.

 Join a free Homebuyer Workshop and get answers to questions about buying a home in today’s market. By attending this workshop, you’ll learn about the fundamentals of home financing from an experienced Wells Fargo Home Mortgage consultant. You’ll receive individual guidance – tailored to your personal situation – designed to help you make informed decisions about buying a home.