Showing posts with label kenbrazil.netmarket trends. Show all posts
Showing posts with label kenbrazil.netmarket trends. Show all posts

Monday, July 25, 2011

Welcome to the most current Housing Trends eNewsletter.

JULY - 2011 Newsletter Housing Trends eNewsletter


Welcome to the most current Housing Trends eNewsletter. This eNewsletter is specially designed for you, with national and local housing information that you may find useful whether you’re in the market for a home, thinking about selling your home, or just interested in homeowner issues in general.


The Housing Trends eNewsletter contains the latest information from the National Association of REALTORS®, the U.S. Census Bureau and Realtor.org reports, videos, key market indicators and real estate sales statistics, a video message by a nationally recognized economist, maps, mortgage rates and calculators, consumer articles, plus local neighborhood information and more.

Please click here to view the JULY - 2011 Newsletter Housing Trends eNewsletter.



If you are interested in determining the value of your home, click the Home Evaluator link for a free evaluation report.

Friday, April 15, 2011

9 House Cleaning Tricks That Save Time, Money and Effort!

from Forbidden Advice




1. Use a timer

Decide how long you’re going to spend cleaning before you start. Next, divide your time into chunks – 15 minutes to vacuum and perhaps the same again at the sink, and so on. Now that you have a timed target, you’ll find you work that bit harder. Also, if you absolutely hate a job – cleaning the bathroom, for example – knowing you’re going to spend just 10 minutes in there may make you feel less bothered about tackling it.

2. Avoid concentrated products

This isn’t something the manufacturers are going to shout about, but unless you use them sparingly, you’re just throwing money away when you choose expensive, high-powered cleansers. Standard-strength products are quite sufficient for most jobs. You actually need very little detergent to clean a dirty kitchen floor – about 2 tablespoons of most standard brands, swished into half a bucket of water. With bleach, adding more doesn’t make it more effective, either. Germs die from the time spent in contact with the disinfecting solution, even when it’s only at the recommended dilution of 1 part bleach to 30 parts water.

3. Clean your windows for less

Save money by making your own glass cleaner. Simply pour 4 liters warm water into a bucket. Add 100 ml white vinegar and 1 teaspoon dishwashing liquid and stir well. If you’re cleaning a lot of windows, apply this mixture with a squeegee mop, straight from the bucket. Otherwise, pour it into plastic spray bottles, ready for future use.

4. Give your sink a bath

Abrasive cleaners can scratch your sink. Instead, try an herbal bath. Steep several bunches of rosemary or thyme in hot water for a few hours, then strain. Stop up the sink, pour in the herb solution and let it sit overnight. In the morning, you’ll find a glistening, fragrant sink.

5. Fizz your toilet clean

Most cleaners are tough on your toilet, so try something gentler that will do the job just as well. Once a week, drop two denture tablets into the bowl and leave for at least 20 minutes. Then give the inside of the bowl a quick brushing and flush. The same action that brightens dentures will leave your toilet gleaming.

6. Oven-clean your grill

Put away that wire brush and leave that caustic oven cleaner in the cupboard. Here’s an effortless, non-toxic way to clean the mess off your grill rack. Simply slide it into your self-cleaning oven, turn the setting up to High (around 500°F) and leave for 45 minutes or so. This will scorch away any greasy remnants from the rack. If your barbecue isn’t too big, you can clean its greasy racks in this way, too.

7. Buy extra basics

Having at least two sets of sheets means that you can change bedding on a set day, then launder when you have time. You’ll also save trips upstairs if you keep a set of cleaning products on each floor. Build a high shelf for them in the bathroom, out of reach of young children.

8. Give wipes the boot

Save money by using your own cloths. Spray them with a suitable cleanser and wipe. Then stick them in the washing machine when you’ve finished and select a hot wash to kill any germs.

9. Clean your own curtains

Dirty curtains send some homeowners straight to the Yellow Pages. Then they find out that professional cleaners often charge by the foot to clean curtains. Soon you’re into triple figures. Here are some tricks to keep curtains in peak condition for longer:

■Dust them regularly. Don’t bother taking them down. Simply run your vacuum cleaner over them – from top to bottom – using the dusting brush or upholstery attachment. Focus on the tops and hems, where most dust gathers. Avoid sucking the fabric into the nozzle by either reducing the vacuum pressure or grasping the bottom and holding the curtains tight. If you don’t have the proper attachments, use a feather duster. Dusting prevents dirt build-up and lessens the chance that the curtains will need a major cleaning.
■Wash if you can. Try to identify the fabric, including any trimmings and linings, and use that information to choose the best cleaning method. If you’re unsure about washing, play it safe by just wetting an inside turn-up of fabric first to gauge the effect. Even if you know your curtains can be machine washed and tumble-dried, remove them from the dryer and hang while they’re still damp. This way you’ll avoid having to iron them.
■If washing seems too risky, but you want to freshen your curtains between visits to the drycleaner, hang them out on the line on a breezy day. You can guarantee they will come back fresher.
■Get them measured. Ask your drycleaner to measure your curtains before leaving them for cleaning. If they refuse, go elsewhere. The best cleaners will do as you ask because they will be happy to guarantee that your curtains will come back the same length as they started.

Tuesday, April 5, 2011

7 Gardening Mistakes to Avoid

Article From HouseLogic.com


By: Oliver Marks
Published: February 10, 2011


Even veteran gardeners make rookie mistakes, like giving plants too much water and too little space. Here are common garden blunders. Consider yourself warned.

Gardening (http://www.houselogic.com/articles/10-tips-for-saving-water-garden/) is not rocket science: if you can dig a hole, turn on a spigot, and snip a dead flower off a vine, you can tend a garden.
Still, gardeners have to make some judgment calls. How much water does this shrub need? Will this tree get enough sun? Is this hole deep enough?
It's easy to misjudge and make a mess out of your landscaping. Here are seven common garden blunders, and how to avoid them.
Mistake #1: Too many changes, too soon
The excitement of buying a new home, plus a stretch of warm spring weather, often creates a passion for yard work. But don't just do something, stand there! What looks like a spring weed might be a fall-blooming vine; that bare spot in March might reveal tulips in April.
Try this instead: Live with your land for a year. Observe how many hours of sunlight each part of your garden gets. Test the pH of your soil to determine if acid-loving or alkaline-loving plants will be happy in that particular patch of heaven. Observe when your lawn (http://www.houselogic.com/articles/lawn-maintenance-calendar/) greens up in spring and becomes dormant in late summer.
The money and time you save by watching and waiting will be your own.
Mistake #2: Too much togetherness
Trees (http://www.houselogic.com/articles/plant-trees-save-energy-grow-value/) and shrubs that look properly spaced when you plant them will crowd each other and compete for water, sun, and nutrients in a few years. If you're lucky, you can transplant some bushes; if you're not, you'll have to throw away starved shrubs.
Try this instead: Before digging, read spacing instructions. Give trees plenty of space--you can always fill in later. Stagger bushes and plants and create two rows, which will create more breathing room. The results will look absurdly sparse at first. But live with it. In a few years, your shrubs will fill empty spaces without suffocating each other.
Mistake #3: Planting without a plan
Planting new garden beds without a long-term landscape plan is like pouring a house foundation without blueprints. Your haste results in a waste of time, money, and muscles.
Try this instead: Draw a simple sketch of your yard--what's there now and what you might add later, such as patios (http://www.houselogic.com/articles/evaluate-your-yard-patio/), outbuildings, and pools (http://www.houselogic.com/articles/what_to_consider_before_building_pool/). Bone up on the trees and shrubs that grow best in your soil and climate. Go online and click around landscaping sites that help you pick plants and design beds.
Visit your local nursery or home improvement center where design staff can answer questions and make suggestions. Or hire a professional landscape designer to create a starter plan for as little as $250 to $500. Find a professional at the Association of Professional Landscape Designers (http://www.apld.org/) or the American Society of Landscape Architects. (http://www.asla.org/)
Mistake #4: Neglecting the root of it all
Even the hardiest plants need a little help putting down roots in new locations. Sprinkling the foliage doesn't nourish the roots, the plant's nerve center. You must deliver water (http://www.houselogic.com/articles/10-tips-for-saving-water-garden/) to the root ball below the ground, or your plants will be stunted and short-lived.
Try this instead: Place the hose at the base of new bushes, trees, and plants and let the water trickle out for 20 to 30 minutes, twice a week (more during hot spells), for 4 to 12 weeks. Or snake a soaker hose ($20 for 50 feet) through your beds, which will deliver slow and steady water to roots.
Mistake #5: Forgetting the sun
Too many gardeners pick plants based only on looks, not the growing conditions plants require and the conditions that exist. Rookies will plant sun-loving perennials under an old oak tree or sun-shy hostas in the open. They look great for about a week, and then die.
Try this instead: Observing the spot where you're going to put the plant and estimating the amount of sun it gets over the course of a day during the growing season. To translate that into the language on plant labels, use this key:
Full Sun 6 hours a day or more Part Sun/Part Shade 3 to 5 hours Full Shade Less than 3 hours
Mistake #6: Over-watering
An automatic irrigation system (http://www.houselogic.com/articles/water-saving-irrigation-strategies/) is a luxury that keeps your landscape hydrated throughout the growing season with almost no effort. Unfortunately, auto-watering can bring disease, root rot, and a premature death to plants; it also wastes water.
Many gardeners set watering timers for 15 to 20 minutes each morning, which wets the surface but doesn't soak deeply to nourish roots of large trees and shrubs.
Try this instead: Water for 40 to 60 minutes only two to three times a week. Check with the company that maintains your irrigation system for local recommendations. A deeper soak also helps lawns develop deeper root systems.
Mistake #7: Budget blunders
Your landscaping can fall victim to construction bulldozers that park on lawns and dig too closely to trees and shrubs. New construction also demands rethinking your landscape plan (http://www.houselogic.com/articles/develop-a-landscape-plan-to-fit-your-budget/) to accommodate additions.

Unfortunately, many home owners don't include landscaping in their construction budget. They end up with a beautiful new family room (http://www.houselogic.com/articles/top-features-family-room-addition/), screened porch, or solarium, and a few lonely azaleas planted around the foundation as an afterthought.
Try this instead: Allocate 10% to 20% of your construction budget to the landscape-both hardscaping and plants. If your construction spreadsheet can't stand another line item, make a plan to landscape--in stages, if necessary--as soon as possible after construction is completed.

Oliver Marks is a former carpenter and newspaper reporter who has been writing about home improvements for 16 years.

Visit houselogic.com for more articles like this. Reprinted from HouseLogic with permission of the NATIONAL ASSOCIATION OF REALTORS®
Copyright 2011. All rights reserved.

Saturday, April 2, 2011

New Listing in Roseville Ca



Highland Park in Roseville









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$345,000
Single Family Home

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6 Bedrooms
3 Bathrooms
Interior: 3310 sqft
Lot: 7,988 sqft


Location

508 Heather Falls Ct
Roseville, CA 95678
USA


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Ken Brazil, DRE#00829410


Ken Brazil, DRE#00829410

Re/Max Gold
(916) 791-9073
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Friday, February 25, 2011

Should you pay off the house?

By Lisa Gibbs, Money MagazineFebruary 23, 2011: 4:46 PM ET


(MONEY Magazine) -- When there was easy money to be made in real estate and stocks, mortgage debt seemed like nothing to fear. Now an increasing number of homeowners are wondering if it makes sense to hasten the day they can say goodbye to a big monthly expense while earning the equivalent of a decent, guaranteed return.

"I'm hearing this question more now that clients aren't feeling as comfortable about the market," says Los Angeles area financial planner Eileen Freiburger.

Maybe you're part of a young family, and whittling down your loan balance seems like a sound strategy. Or maybe you're counting down to retirement (perhaps even already kicking back), have only a few years of payments left, and are wondering if you should just knock off the balance.

But if you're thinking of such a move, you're also well aware that mortgage interest is tax-deductible -- and if history is any guide, putting money into stocks will earn you a higher return over the long haul than putting it into real estate.

The answers to the questions below can help you determine your best course of action.

Do you have more pressing financial needs?

Anyone who has credit card debt or isn't maxing out her 401(k) should make those the priority. You should also have at least six months' worth of living expenses in cash.

A few years ago you would have been able to pull money out of your home quickly if, say, you lost your job. Now that lenders have tightened up, that's not so easy.

Retirees and near-retirees contemplating a lump-sum payoff need to ensure they have enough liquid savings to handle emergencies such as unexpected medical expenses, especially because it's hard to tap equity on homes without first mortgages.

And you shouldn't pull money out of your IRA to pay off your home loan, since the IRA funds will be taxed at ordinary income rates.

How long do you plan to stay?

If you plan to trade up to a larger home or downsize to a smaller one within five years, it doesn't make sense to put extra money into your mortgage. The real estate market may be shaky for a while longer, and "you don't want to tie up your cash in your home and then not be able to sell," says La Jolla, Calif., financial planner Christopher Van Slyke.

What do you really gain from the interest tax deduction?

Assuming you itemize your deductions, you can find out what you save by multiplying the mortgage interest you paid last year by your tax rate (federal plus state). A couple in the 28% tax bracket, with a $200,000 loan at 5%, for example, will save $2,781 in taxes the first year of a loan.

'Substantial risk' of 25% drop in housing
Your tax savings decline the further you get into the loan, as more money is applied toward principal.

For many retirees and near-retirees close to the end of the mortgage, the interest deduction is not a reason to avoid paying off the loan, especially since retirees often end up in a lower tax bracket, says planner Peter Canniff of Nashua, N.H.

How would you otherwise invest the money?

Put your money into stocks and bonds and you're likely to get a higher return over the long run than you would paying off your home loan, given today's low rates.

If you itemize, you can calculate your effective return by multiplying your mortgage rate and your tax rate, then subtracting the answer from your mortgage rate (you can do this with the mortgage tax-deduction calculator at bankrate.com/calculators.aspx).

So for someone in the 28% tax bracket with a 5% mortgage, the effective rate of return on paying off the mortgage is 3.6%. By comparison, a 50/50 stock/bond portfolio has historically earned 8.2% long term, though it's sensible to expect future returns to be a more modest 6%.


Still, if you're very skittish about the market or are a retiree keeping a big chunk of money in low-earning CDs, you might do better by losing the loan, given that the average five-year CD is paying just 1.6%.

"For retirees, it's hard to beat the guaranteed return," says Anthony Webb, an economist at Boston College's Center for Retirement Research.

Will being debt-free help you sleep better?

In that case, you might be willing to forgo the extra return you could earn in the market. "Less stress, less worry," says Orlando-area planner Brian Fricke. "Sometimes that matters more than the math."

Friday, February 11, 2011

Home Affordability Returns to Pre-Bubble Levels .

The tough real estate market can be good news, see below.
By NICK TIMIRAOS
Home affordability returned to pre-bubble levels in a growing number of U.S. markets over the past year as price declines laid the groundwork for a housing recovery.

Housing Declines Again
Home values in the United States posted their largest quarterly decline since the first quarter of 2009, falling 2.6 percent as the temporary stimulus of the home buyer tax credits wore off, according to Zillow.com. See region-specific data.
.Data provided by Moody's Analytics track the ratio of median home prices to annual household incomes in 74 markets. By that measure, housing affordability at the end of September had returned to or surpassed the average reached between 1989-2003 in 47 of those markets. Most economists believe the housing boom took off in 2003.

During the boom, lax lending and speculation pushed house-price inflation far beyond the modest rise in household income. Nationally, the ratio of home prices to annual household income reached a peak of 2.3 in late 2005. But by last September, it had fallen to 1.6, matching the lowest level in the 35 years the data have been collected and well below the historical average of 1.9 between 1989 and 2003.

"Based on incomes, this is as affordable as it gets," said Mark Zandi, chief economist at Moody's Analytics. "If you can get a loan, these are pretty good times to buy."

But the bad news is that those price declines are leaving more borrowers underwater, or in homes worth less than the amount owed.

Nearly 27% of homeowners with a mortgage were underwater at the end of the fourth quarter, up from 23.2% in the previous quarter, according to data to be published Wednesday by Zillow.com, a real-estate website.

Many economists and housing analysts expect an additional decline of 5% to 10% before prices reach bottom later this year or early next year. Housing demand remains weak because buyers are skittish about the economy and lending standards are tight.

Markets that now appear to be undervalued include Detroit, Las Vegas, Atlanta and Phoenix. Even in such markets, high rates of foreclosure and underwater borrowers should keep downward pressure on prices. "They're undervalued, but they're going to get even more undervalued," said Mr. Zandi.

Measuring home prices relative to income is not the only way economists calculate housing affordability. They also examine the relationship between house prices and rents. Measured by the price-to-rent ratio—the price of a typical home divided by the annual cost of renting that home—prices are fairly valued, or undervalued, in around 20 markets. Nationally, the price-to-rent ratio stood at 14.85 at the end of September, above the 1989-2003 average of 12. The data suggest pockets of the country have further to fall.

Home prices still remain overvalued by both measures in several markets, including Seattle, Charlotte, New York and Portland, Ore.

Based on rents, "it's still not a slam dunk to buy" in those markets, said Mr. Zandi. He said markets appeared most overvalued in the Pacific Northwest, which was among the last regions to enter the housing downturn. Historical measures also showed prices were still high along the Northeast corridor from Baltimore to Boston.

The cost of owning a home looked less affordable based on rents than on incomes in part because rents also fell through 2009 and the first half of 2010. As rents rise, that could tip the scale back in favor of owning in some areas.

Of the 74 housing markets, Baltimore appeared to be the most overvalued. By contrast, prices in Cleveland, the most undervalued market, have returned to 1991 levels based on the price-to-rent ratio.

Historical measures comparing rents and incomes with home prices provide a useful gauge of affordability, but can be imperfect at measuring how close different markets are to recovering from a bubble.

After a severe housing downturn, home prices rarely stop falling once they reach equilibrium.

Some areas will stay undervalued for years as they deal with a glut of foreclosures and weak demand. Historical trends show housing could remain undervalued in many markets for six to seven years, according to economists at Capital Economics.

"It's become cheaper to buy than to rent" in Phoenix, said Jon Mirmelli, a real-estate investor in Scottsdale, Ariz., who is renting out foreclosed homes. "But the question is: Can you qualify for a loan?"

Meanwhile, some areas that appeared overvalued relative to historic norms, such as Washington, D.C., may not completely return to pre-crisis levels thanks to structural changes in the economy that support higher prices.

Wednesday, January 5, 2011

A Less Costly Reverse Mortgage

A Less Costly Reverse Mortgage

The New York Times
By LYNNLEY BROWNING
Published: December 9, 2010

OLDER homeowners who have spent years building up equity may be tempted to cash out through a reverse mortgage. But high fees can make these loans pricey.
A new government program reduces some of the expenses. In October, the Federal Housing Administration, the unit of the Department of Housing and Urban Development that runs the reverse mortgage program known as Home Equity Conversion Mortgage, or HECM, introduced the Home Equity Conversion Mortgage Saver, or HECM Saver.
HECM (pronounced HECK-um) Saver trims the upfront insurance premium due at closing to 0.01 percent of a property’s value, from 2 percent. But the amount that can be borrowed is also reduced, by 10 to 18 percent, compared with the standard HECM loan program.
Still, Stanley Gil, a reverse mortgage consultant in Garden City, N.Y., said, “I think we’re going to see a lot of people using it.” The loan “is really going to help people who need some extra cash and have built up equity in their home,” he added.
And AARP says the Saver loan would work well for those homeowners who did not need to borrow the maximum allowed — which is $625,500, based on a property’s value and the interest rate of the reverse mortgage, among other things. HUD provides calculators to help determine how much can be borrowed, and AARP offers advice on its Web site.
Reverse mortgages essentially release the equity in a property as cash that can be used for expenses like health care or home renovations, while at the same time paying off whatever remains on the mortgage.
The loans leave homeowners with no monthly mortgage payments; they become due, with interest and other fees, when the owners die, move, or sell the property — or if they fail to maintain the property or keep up with property taxes and insurance.
The leveraged property must remain a primary residence, though, and only single-family homes qualify — as well as buildings with one to four units, provided at least one of the units is occupied by the borrower. Among the other restrictions is age. Anyone who is an owner, and is listed on the title to the property, must be at least 62.
Reverse mortgages boomed in recent years but then acquired a bad reputation, in part because of their costs. Origination fees for the loans are now capped at $6,000, while other closing costs are about equal to those for a conventional mortgage. Until HECM Saver, the upfront insurance premium was a major additional cost that could run as high as $12,510.
Fixed-rate reverse mortgages typically run 0.25 to 1.25 points above conventional mortgages; they now generally range from 4.99 percent to 5.25 percent, depending on the loan size, compared with an average 4.91 percent for a 30-year fixed-rate conventional mortgage.
The tax-free payout in a reverse mortgage, which can also carry an adjustable rate, can be taken in a lump sum or parceled out monthly, providing a steady income stream. The loans don’t require a minimum credit score or have income limits. But borrowers cannot be underwater, or owe more on a current mortgage than the property is worth.
The F.H.A.-backed version of the reverse mortgage — the most popular — is still unavailable to co-op owners. Lemar C. Wooley, an agency spokesman, said the F.H.A. was “currently evaluating the HECM program for co-ops to determine if it would meet our financial requirements.”
Consumers Union, the independent nonprofit testing organization that publishes Consumer Reports, says cash-needy homeowners should consider a home-equity loan before a reverse mortgage, because of the high closing costs and insurance fees.
Reverse mortgages may not be suitable for homeowners who want to leave their property to heirs, mortgage experts say; often the loan must be paid off through the sale of a home, although the note may be refinanced.