Defining Homes • Ask the EXPERTS

With the economy still in a wicked mess, reports are that the latest trend in homebuying is not buying. Renters are on the rise. But are they? Real estate source Inman reported in January that it is cheaper to buy in the majority of the country’s larger cities. Keith Jurow reported last year on World Property Channel that a Harris Interactive survey found renting a better option. So which is it? We asked locals in the industry how the trends are swaying the Dallas housing market and the frustrations behind them.

……………………

Michael Litzinger

Michael Litzinger
William Davis Realty Uptown

The trend has affected my business significantly. The firm I recently moved to seems to be more in tune with today’s market. Their streamlined, online process requires less paperwork which makes it better for the client, a much quicker turn around for me and better for the environment.

Leasing does move property these days, and I am just glad the industry moves in some fashion whether it’s leasing or selling.

I do think the trend has affected us locally somewhat, but not nearly as severely as in most other areas. I still feel good about the Dallas market.  I know Realtors in other areas that can’t say the same.

Buyers are decreasing to some degree. Even with low interest rates, I’ve had a lot of buyers come to me and then disappear.

 

……………………

Derrick Dawson

Derrick Dawson
Texas Pride Realty

As an active and producing Realtor also working in property management, I’d say the rental trend has picked up significantly, but that doesn’t mean it’s been ideal for property renters/owners or for the multi-family industry. The rental market has been stable but faces some challenges based on broken leases due to financial hardship or unemployment. Many are playing it safe by downsizing or combining rental homes based on economic conditions, being fearful of keeping their jobs and saving for the future.
Today is a buyer’s market and an ideal time to get out of the rent race. The downfall to the buyer’s market that I have seen personally is buyers and investors taking advantage of desperate people in today’s markets, possibly causing detriment to individuals or families in their time of need but also bringing down values in those areas making it harder for others to sell.

 

……………………

Dan Flynn

 

Dan Flynn
Dave Perry-Miller InTown

The trend of leasing over buying has changed the way I preview properties in my area. Leasing is so hot now, I’ve looked at rentals and try to know the different apartment communities close by. Now I am much faster to respond to leasing needs.

I process far more leases to build my future list of clients. I try to educate and prepare them for the buying process down the road. Using a Realtor to find the perfect place to lease makes a lot of sense for those wanting to buy in the future but also for those who don’t really want to do the legwork.

I recently represented a seller who could not sell his property for the amount he was hoping for. Finding qualified buyers in his market and price range wasn’t easy. Another Realtor’s client was interested in leasing the property so

I had to have that conversation with my seller. The seller decided to go with the lease. While sales are still going strong, leasing has increased. While this really is the time to buy, I think all the media attention scares buyers. Potential buyers need to know that the market is stable here and we are one of the cities leading the nation in sales right now.  Go buy a house now or pay more for it later both in price and interest rates.

……………………

Keith M. Thomas

Keith M. Thomas
1111 Apartment Locators

Although the economy has definitely affected us here, it is worse in other areas of the country. Dallas continues to grow and so I feel the trend’s impact on Dallas has been positive.

My company is a fully licensed real estate brokerage company and we handle all residential and commercial real estate transactions yet, our primary business is apartment locating. We want to maintain focus on renters, but we’ve created strategic partnerships with other real estate companies and have a referral program with them. We work closely with our clients to help with all of their real estate needs.

For homes that have reasonable mortgages there is good news. In Dallas, the rental market has significantly gone up, especially from 2010 to present to a  94-97 percent occupancy rate.

Buyers become renters for two reasons: First, they are able to get a nicer home for a lower monthly payment. And second, it doesn’t make sense to buy unless you’re planning to stay. However, buyers are increasing, oddly enough. MetroTex Association of Realtors reported that last August 2010 there were 1,223 properties sold and this August 2011 there were 1,485.

It’s a landlords’ market. Rents are at a premium and good ones go fast. When I show my clients rentals, they want to think about it, I encourage them to act quickly, because the unit is gone within a day or two. Why should homeowners take a loss on waiting for a qualified buyer, when they can rent quickly and hold out for the market to improve?

This article appeared in the Dallas Voice print edition October 7, 2011.

—  Kevin Thomas

Tiny violin time – Beck, Hannity lose their Philly area stations (4th largest market)

Does anyone feel like popping the cork on a bottle of champagne over this news?

Mediaite has learned Glenn Beck and Sean Hannity are being dropped from their Philadelphia radio station, WPHT 1210 (The Big Talker), in January.

The station is a CBS affiliate, and Philadelphia is the fourth largest radio market.

Taking Beck’s 9am-noon slot is the local Dom Giordano, currently 6-10pm. Then comes Rush Limbaugh, noon-3pm, and Smerconish – who replaces Sean Hannity.

Semi-related hilarity:

* NYT Weekend Opinionator: Pam Spaulding = Glenn Beck

* Video: Glenn Beck’s tears of patriotic fervor generated by Vicks Vapo-Rub

* Sean Hannity loses his mind (again) over men kissing

* Sean Hannity smears Kevin Jennings, but suddenly HE is the victim?
Pam’s House Blend – Front Page

—  admin

Pat Robertson Reads God’s 2011 Housing Market Forecast, Verbatim

You must feel like a pretty lame human being, not able to hear the word of god so clearly you can recite his monologue word-for-word. But then you are not The 700 Club's Pat Robertson, giver of homosexual friendship advice, who says the lord spoke to him — using words like "interest groups," "fixed incomes," "bonds," and "get out of debt and restrict purchases" — and said that a reckoning will arrive by 2013. The creditors are coming! Also: locusts. Maybe.


Permalink | 3 comments | Add to del.icio.us


Tagged: , , , , ,

Queerty

—  admin

GetEQUAL: ‘Pelosi: When Jobs are Lost, the Market Stops.’

Expect more civil disobedience from GetEQUAL, One Struggle One Fight and Pride at Work later today in San Francisco.

A protest aimed at Speaker Pelosi for failing to get a floor vote on ENDA will shut down Market Street with a banner that states: “Pelosi: When Jobs are Lost, the Market Stops.” The protest is scheduled for 5:00 PM PST. Here’s a quote from GetEQUAL’s press release explaining the protest:

“We pay taxes, contribute to the economy, and create American-paid jobs that provide products and services world-wide. Yet we continue to be treated unequal and Speaker Pelosi has the power to bring us one step closer to being fully-protected American citizens – and workers,” said Dan Fotou, a California GetEQUAL supporter and participant in today’s rally. “As Speaker Pelosi and other members of Congress are out campaigning to keep their jobs, they should know we have every intent of continuing our campaign to keep our jobs, too. Speaker Pelosi has said that ‘our impatience is justified’ – but what isn’t justified is the unfulfilled promises she continues to make to the LGBT community. It’s time for Speaker Pelosi to do the right thing and schedule an immediate vote on ENDA.”

Yes. Members of Congress expect us to give them our money and our time so they can keep their jobs. It’s time for them to follow through on the promises to protect the jobs of LGBT Americans. (I hope to post photos and/or video later tonight.)

Last night, those same three groups disrupted Rep. George Miller’s debate with a similar ENDA message. Miller chairs the House Education and Labor Committee, which is still sitting on the ENDA bill. A hearing was held last .

Also, this morning, several ENDA protesters were arrested in Rep. Chris Carney’s office in Williamsport, PA. Zack Ford has the details on the ENDA phone swarm to Carney, the protest in the office and the arrests.

Many, many ENDA promises have been made — but not kept.

The protesters are just asking Pelosi and the other Democrats to do what they said they would do.




AMERICAblog Gay

—  John Wright