Tag Archives: Housing

The Rose receives 2016 Jack Kemp Excellence in Affordable and Workforce Housing Award from the Urban Land Institute

Minneapolis, Minnesota, 2016-Nov-04 — /EPR REAL ESTATE NEWS/ — PLACE is pleased to announce that The Rose and three sister developments at Portland and Franklin Avenues (South Quarter) in Minneapolis were selected by the Urban Land Institute (ULI) Terwilliger Center for Housing as the winner of the 2016 Jack Kemp Excellence in Affordable and Workforce Housing Award. This annual award honors developments that ensure housing affordability for people with a range of incomes. Representing the completion of South Quarter, The Rose offers 43 market rate apartments and 47 income-restricted affordable apartments in profoundly sustainable buildings that have neither furnaces nor conventional air conditioning equipment.

In 2010, affordable housing developer Aeon, in partnership with Hope Community, selected PLACE by competition to add specialized development consultant capacity as Sustainability Champion for the last phase of South Quarter. Aeon wanted the final buildings to be the best performing buildings of their kind in the country, on an affordable housing budget. A 501(c)(3) charity dedicated to public benefit, PLACE provided disruptive environmental design analysis, assisted in assembling and facilitating a world-class collaborative design and construction team, deepened community engagement, and refined financial modeling in furtherance of creating high-performance, healthy buildings for Aeon’s residents.

Minneapolis has the harshest climate of any large city in America. The biggest challenge for PLACE was to ensure that the team could deliver a building envelope capable of keeping residents cool in a scorching summer with high humidity and a frigid winter with temperatures plunging to minus thirty degrees Fahrenheit. Buildings in the U.S. are built each day to standards that cause them to consume 70% of America’s primary energy, with 52% of that energy going to heating and cooling. The Rose is 75% more energy efficient than local standards require, which also deepens affordability for residents; it represents PLACE’s most cutting edge restorative development work to date.

“This project is on the leading edge of workforce housing development and preservation,” said J. Ronald Terwilliger, chairman of Terwilliger Pappas Multifamily Partners in Atlanta. “It has it all—mixed-income housing, environmental sustainability, long-term affordability, and long-term financing.”

“The efforts of Aeon and Hope Community, with their many public and private sector partners, prove that previously disinvested communities can point the way forward for mixed-income, environmentally sustainable redevelopment in our cities,” said Stockton Williams, executive director of the ULI Terwilliger Center.

PRESS CONTACT
place
Chris Velasco
Executive Director
PLACE
100 Portland Avenue South
Suite 100, Minneapolis, MN 55401
(612) 309-3889
www.welcometoplace.org

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Pricing Nation Forecasts 0.64% Increase in Average Home Values Over Next 12 Months for Boston MSA

Pricing Nation Econometrics forecasts that the average home value in the Boston Metropolitan Statistical Area (MSA) will increase by 0.64% over the next twelve months. One of the biggest contributors to the slowdown of home price growth will be the decrease in wages across most counties.

A table with the top 10 biggest increases and decreases per average home value per zip code can be found below. The Pricing Nation Econometrics Heat Map (also below) visualizes how the average home prices will vary across zip codes in the Boston MSA. Pricing Nation Econometrics is a division of Pricing Nation LLC, and more information can be found at www.pricingnation.com.

As the “Most Reliable Real-Estate Forecasting Company,” we strive to consistently provide the most accurate, relevant, and transparent real-estate data. In fact, as of July 2012, our forecast results have been less than one point away from actual results as reported by Case-Shiller. Visit www.pricingnation.com to access your free Neighborhood Report and consult a Home Investment Report Card with home value forecasts for your home.

About Pricing Nation
Pricing Nation is a home value forecasting company that provides reports for individual homes, zip codes, and Metropolitan Statistical Areas (MSAs). Our regression based models were designed to ensure that home buyers and sellers are confident in one of the biggest investment decisions of their lives. Of particular note is that Pricing Nation’s forecastshave consistently been less than one point away from actual changes in home values as reported by Case-Shiller. This is one more reason we are the “Most Reliable Real-Estate Forecasting Company.”

Visit us at www.pricingnation.com for a free Neighborhood Report or to purchase a “Home Investment Report Card” today! For media inquiries, please contact Brian Ramirez atbrian@pricingnation.com. For sales inquiries, please contact sales@pricingnation.com.

Pricing Nation currently covers the Boston MSA and is expanding its offerings to other cities in the near future.

For more information on future changes in individual home values visit us at www.pricingnation.com.

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Scottsdale Real Estate Demand Surges as Tax Credit Got a New Lifeline

The Scottsdale real estate market is again soaring high, thanks to Pres. Obama, and his decision to extend the tax credit deadline on the home deals for the first time home buyers till April 30, 2010. The original deadline for the $8,000 tax credit break was November 30, 2009. The Obama administration has also made some changes in American Recovery and Reinvestment Act of 2009 to enable existing home owners avail the tax credit on the purchase of a bigger primary residence.

The updated version of the tax credit has announced a tax break of 10% of the total purchase price of the home amounting to maximum $8,000 for the first time home buyer. It also includes a tax break of $6,500 for the existing home owners who want to shift to a bigger primary residence. To qualify for the first time home buyers’ tax credit, the applicant has to show that he or she has not owned a home in last three years. To qualify for the existing home owners’ tax credit, the applicant needs to show ownership and occupancy of a primary residence for at least 5 consecutive years in the last 8 years.

“In Scottsdale, since the news came, we are seeing a significant rise in the inflow of buyers,” said Morgan H Hodges, a managing partner of MoJo Realty Group. He further added, “The first phase of the credit break pulled the first time home buyers into the market, and this new extension worked as a magnet to pull those who always wanted to move into a bigger and better house. Scottsdale real estate is hot now.”

Any single tax payer or married couple filing joint return can apply for the tax credit. The single filer should have gross earnings of less than $125,000, and joint filers should have gross earnings of up to $225,000 to avail a full tax credit under the updated American Recovery and Reinvestment Act of 2009. A single filer earning between $125,000 and $145,000, and a joint filers earning between $225,000 and $245,000 will be eligible for the partial tax credit only. Any single filer earning more than $145,000, and any joint filers earning more than $245,000 are not eligible for any tax credit.

One should keep in mind that a property of more than $800,000 sale price will not qualify for the tax credit, and to qualify for the tax credit, the property contract needs to be signed on or before April 30, 2010 and the sale should be finalized on or before June 30, 2010.

“Everyone in Scottsdale is happy with this extension and inclusion of existing home buyers in the tax credit,” said Josh W. Hintzen, managing partner of MoJo Realty Group. “These changes have brought many buyers into the market. The demand for single family homes is one the rise, and the home prices are steady. As of now, we are not seeing any sign of decline in the Scottsdale real estate market in the coming months.”

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Kenn Renner Unveils Website For The Avery Ranch Golf Course Community

Kenn Renner has long been the top producer for one of the most desired real estate locations in Central Texas. The popular Avery Ranch was much awaited when first opened in 2000, with Kenn sold 17 homes the first day they went on sale.

Avery Ranch Golf Course Community

In addition to the traditional items found on a real estate website, Kenn states that his site gives extensive history of Avery Ranch, provides videos and provides additional information on multiple aspects of home buying. Kenn provides seminars as well, with more information available on his new website www.BuyAveryRanch.com.

Kenn has now dedicated an entire website to this premium real estate location. Kenn says, “Avery Ranch has over 4,000 homes and over 1800 acres, with an award winning golf course and club house.” He highlights the amenities on his site, such as the pools and beautiful outdoor recreation opportunities. In addition to these amenities, there are playscapes, tennis courts – and an outdoor amphitheater.

In the Avery Ranch predevelopment stage, Kenn had visited one of original homes, and was attracted to the history of the Avery Ranch location. During this time, Renner states that he walked nearly all the lot lines personally and watched almost all of the homes being built. Kenn embraces the rich history of Avery Ranch, as it is a “true icon of central Texas.” Kenn states that the developers managed to “preserve the integrity of the Texas Hill Country experience” while still giving residents a great place to live, shop and work.

With over 200 home closings in the Avery Ranch since the golf course community opened, Kenn has sold more homes than any other realtor in the Avery Ranch location. As a top performer, his new website allows home buyers and sellers to view and market properties.

Kenn’s new website, www.BuyAveryRanch.com, is dedicated not only to the established neighborhoods in the Avery Ranch Real Estate, but also features the new additions of Pearson Place and Avery Station. “These two new developments,” says Kenn, “are just south of Avery Ranch,” and Avery Ranch’s “legacy continues to grow” as this area remains one of the top selling areas in central Texas.

Buyers and sellers alike are continuing to benefit from Kenn’s experience as he launches his new website to showcase not only the homes available in the beautiful Avery Ranch, but he highlights the new developments happening in the community as well. Avery Ranch homebuyers and sellers alike can easily view the homes for sale and comparison shop.

Visit either one of his websites for more information on buying or selling a home in Avery Ranch or one of the new additions of Pearson Place or Avery Station. www.BuyAustin.com or the site specifically for Avery Ranch – www.BuyAveryRanch.com to find useful information.

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Kenn Renner with BuyAustin.com Updates Austin on the First Time Home Buyer Extension

The First Time Homebuyer Credit was signed into Law in February 2009 to help stimulate the slumping housing market. The original Bill contained an $8000 tax credit for first time home buyers who purchased a home between January 1, 2009 and November 30, 2009. This past Friday the $8000 tax credit was extended past the November 30th deadline.

Kenn Renner

This extension will extend the tax credit to include contracts signed by April 30th and are closed by June 30th next year. In addition, the extension will include a $6500 tax credit to those who have had a least 5 years of consecutive homeownership 5 out of the last 8 years. “Therefore, this extension not only benefits first-time homebuyers, but also homeowners, says Kenn Renner, first-time home buying expert with BuyAustin.com.

Mr. Renner says his office had been inundated with calls about the first extension. With the credit having been extended he said, “The fact there is a cutoff for contract leads me to believe that this will not be extended again. So anyone who is eligible and wants to take advantage of the tax break needs to take action sooner than later.”

Kenn Renner reminds those who want to take advantage of this extension that there are a few rules that new homebuyers need to be aware of:

1. Homes must be under contract for purchase by April 30th, 2010 and close by June 30, 2010.

2. Home buyers can receive the tax credit by amending their current tax returns, thus not having to wait until filing their tax returns next year and receiving the credit quicker.

3. Income limitations have been expanded.

4. The tax credit is no longer limited to just first time home buyers (considered those that have not owned a primary residence in the past 3 year), repeat home buyers that qualify and have lived in a primary residence for 5 out of the past 8 years qualify.

5. New or resale, Single Family, Condos & Townhomes all qualify for the credit as long as they become primary residences.

It is projected that 1.8 million homebuyers will benefit from the first time homebuyer credit by the end of this November. The National Association of Realtors believes approximately 355,000, nearly 20%, would not have purchased their new home without the First Time Home Buyer Program.

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The Approaching Tax Credit Deadline Is Pushing The First-Time Home Buyers Into The Market

There is a panic in the real estate market, but it’s no longer the panic driven by falling prices. The approaching tax credit deadline is creating the panic, and pushing the first-time home buyers into the market. The current rise in the demand for the Scottsdale real estate can be credited to this change in regulation.

As the November 30 deadline is closing in, the prospective home owners are trying hard to secure a deal before it is too late. The nationwide tax credit of $8,000 has worked as a catalyst in bringing the first-time home buyers to the Scottsdale and Phoenix real estate market. “The Scottsdale real estate market is hot and has been since spring, especially homes price under $400,000,” said Josh W. Hintzen, managing partner of MoJo Realty Group. He further added, “And with the November 30 deadline on the horizon, we’ve seen the Scottsdale real estate market gain momentum.”

As estimated by IRS, since February when the tax credit came in effect, in Arizona alone 38,000 taxpayers have taken the benefit under this plan, and around 1.4 million people nationwide have applied for the tax rebate. It is worth noting here that the U.S. median home price plummeted by 28 percent over 3 years in January. At that time, the market sentiment was at the lowest in 7 year.

It was only after the Congress approved American Recovery and Reinvestment Act of 2009 that the market started to recover. The first-time home buyers have been responsible for 43 percent of the home sales since the law came into effect. In a survey conducted by a leading market research company, 70 percent of the first-time home buyers said that the $8,000 rebate played a role in their purchase decision.

“The government stimulus package, falling interest rates, and well priced homes have brought buyer’s back into the housing market in Scottsdale, Phoenix and nationwide,” said Morgan H Hodges, a managing partner of MoJo Realty Group. “Supply has gone down and demand has gone up. We are in a much better market than we were 2 years ago. The numbers don’t lie.”

Realtors are divided on whether this surge and excitement in the housing market is temporary or here to stay. Some believe that the increase in home sales is mainly due to the stimulus package. Others believe that home buyers and investors have shed their fears and are back in the market regardless of the tax incentive.

Lately, there has been a lot of speculation in regards to the deadline of the first time home buyer’s tax credit. Will the government extend the cut-off date? If extended, will the credit be increased to $15,000? Will it be available to all buyer’s and not just first time home buyers? At this point, the tax incentive is set to expire November 30th and buyers should take advantage of the $8,000 while they still can.

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Kenn Renner Teams Up With DR Horton To Warn About Expiring Federal Tax Credit

Top Austin real estate broker and author, Kenn Renner, with Buy Austin (www.BuyAustin.com) and DR Horton, Austin’s largest home builder, has reported they can only accept contracts for individuals who qualify for the first time home buying federal tax credit for a few more weeks. Although a hard deadline has not been set by either organization, first time homebuyers who do not take action now seriously risk missing the November 30th cut-off set by the government.

Top Austin real estate broker and author, Kenn Renner, with Buy Austin www.BuyAustin.com and DR Horton, Austin’s largest home builder reminds first time homebuyers of the impending deadline for the $8000 Federal Tax Credit, which is due to expire on Monday November 30th, 2009. Kenn urges first time home buyers who want to make use of the $8000 tax credit, “to purchase their home within the next few weeks in order to meet the first time home buyer federal tax credit deadline.”

Last February, President Barack Obama signed the American Recovery and Reinvestment Act of 2009 in order to help kick start the sluggish US housing market. One of the key components of the Act was the creation of the $8000 first time home buyer federal tax credit. “The $8000 federal tax credit is essentially a free gift from the federal government,” says Renner, www.BuyAustin.com broker and a first time home buyer specialist.

The first time home buyer federal tax credit has been received favorably by many consumers, real estate professionals, and home builders across the US. “The first time home buyer federal tax credit has been successful because there is always a positive economic ripple effect each time a home is purchased,” says Renner. In addition, “its success has been fueled by “pent up demand, low interest rates and lower home prices,” Renner continues.

The National Association of Realtors recently reported that 53% of today’s homebuyers are first timers due in part to the $8000 federal tax credit. “Homebuyers just need to realize that the tax gift is going away and that now is the time to take action,” Renner urges.

Renner warns home buyers who wish to take advantage of the $8000 federal tax credit to focus primarily on available housing inventory. Renner adds, “although there are great deals for buyers in the short sale market, foreclosures and with bank owned REO companies, they unfortunately cannot process the contracts quick enough to meet the deadline. Therefore, buyers should focus on builder inventory or resale homes that are owner occupied in order to close before the impending deadline.”

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Astute Investors Can Enlist Help Of Quality Tradespeople To Boost Returns

It has long been the case that investors have seen renovating and modernising a run-down property as a good opportunity to make money.

But in times like the present, when anyone who is still in the market for property can drive a hard bargain, such investments offer an even more appealing deal.

This is because, with good properties scarce, investors’ attention will increasingly focus on what is available lower down the market, where the potential long-term gains are greater.

Les Yates, of Bolton-based trade comparison site, LocalQuoter, believes that, with lots of tradespeople working at less than capacity due to the recession, there is also plenty of help and advice available for would-be investors.

“Competition is fierce among quality tradespeople, whose workload has slowed with the onset of the recession,” Les points out.

“So they have more time to advise on which improvements are needed to a run-down property, and which will bring potentially the highest return.”

Measures such as a new fitted kitchen, double glazing and a new bathroom always have the greatest appeal for buyers, and are one way to make money in a flat housing market, it has been claimed.

But with renewed emphasis on energy efficiency, any improvements which enhance a house’s energy-saving performance are also likely to bring good returns for investors.

Local Quoter can provide you with all the information you need to embark on any home improvment or enovation project such as Double Glazing QuotesCheap Double Glazing and Conservatory quotes.

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Housing the New Majority: 78 Million Seniors

If you are looking for an idea with legs, take a closer look at this mashup: 78 million new senior/baby boomers “coming of age” in the next 20 years and planned cohousing communities of 50+ adults sharing independent lifestyles and solid financial health.

Architect and author Charles Durrett’s recently released book Senior Cohousing Handbook comes at a time of high interest in greening, sustainable housing and affordable living concerns. Durrett’s new book is a comprehensive guide for baby boomers wishing to continue vibrant, active lifestyles.

Senior cohousing is ready for the fast growing baby-boomer demographic — healthy, educated and proactive adults who want to live in a social and environmentally responsible community and maintain a quality lifestyle while stretching their dollars further into the future.

Durrett is the leading cohousing architect. His awards include the United Nations World Habitat Award and the Best of 50+ Housing Award. He coined the term cohousing, introduced the idea to the U.S. and is currently the U.S. leader in the field as an architect and consultant.

I caught up with Chuck Durrett between project meetings and book signings and quizzed him on the “hows and whys” of senior cohousing.

Q: What are some of the unique characteristics of senior cohousing communities?

A: One word: proactive. These communities are filled with individuals who are choosing to take control of their destinies through planning, not leaving things up to chance. For instance, accommodations are made for shared caregivers to live on site and long-term mobility and access issues are examined. Just the process of thinking things through as a group changes cohousing participants, preparing them with realistic views of their future.

Q: What are some senior cohousing benefits?

A: Emotional well being, saving money through shared services and community and maintaining independence for much longer than is commonly possible.

The biggest factor by far is living with kindred and having a number of close friendships. But it cannot be overlooked that cohousing costs significantly less than other senior facilities and gives the longest possible independent lifestyle—good for living a full life and conserving financial resources

Q: How does cohousing reduce an individual’s carbon footprint?

A: Cohousing takes an individual out of the single home mindset. Top of mind: better lifestyle, greener lifestyle. Seniors realize that it’s really okay to leave their ranchette and move closer to town knowing they will be living with people they are comfortable with and that they are creating a home they can easily maintain for the next 20+ years.

Last year Americans drove 5 billion miles caring for seniors in their homes (Meals on Wheels, Whistle Stop Nurses, and so on). In our small, semi-rural county in the Sierra foothills, Telecare made 60,000 trips in massive, lumbering, polluting vans-buses – usually carrying only one senior at a time – schlepping a couple thousand seniors total over hill and dale to doctor’s appointments, to pick up medicine, or to see friends.

In our cohousing community of 21 seniors, I have never seen a single Telecare bus in the driveway. In cohousing it happens organically by caring neighbors: “Can I catch a ride with you?” or “Are you headed to the drug store?”, etc.

This alternative is much more fun and inexpensive for all involved, and much less damaging to the environment. For instance, Wolf Creek Lodge, a new senior cohousing community about to start construction, has 30 units to be built on 1 acre within walking distance of downtown Grass Valley, population 12,000.

Senior cohousing is a mind shift that is not just greener—it makes a better life.

Q: How does cohousing effect my retirement planning?

A: Cohousing is a proactive, realistic way of addressing issues. Really, it’s an ultra-responsible approach to assessing how to provide for one’s own future. Everyone in the process is dealing with understanding that mortality is real and that aging successfully means examining the whole person benefits—economic, emotional and physical well being. Cohousers choose to place themselves in a fun, life-affirming and embracing community.

The big thing here is that by living independently longer, money is saved at every juncture, so by taking control, resources can go much further. Turns out that an independent, quality life costs less than facilitated retirement.

Q: What kind of start-up process is involved?

A: First off, contact a cohousing company. They will find out what considerations and requirement are needed for your specific area. They will also be able to guide you in forming a group.

Next, read the book. Then start talking to friends. Host a presentation in your town, secure a site. You may already know some of your new cohousing neighbors.

Hear Durrett speak about how the 50+ population is redefining its future by applying cohousing concepts.

Contact Charles Durrett by calling The Cohousing Company at 530.265.9980. Visit:http://www.cohousingco.com/.

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First Time Home Buyer $8000 Federal Tax Credit Is Set To Expire

In February, President Obama signed into law the American Recovery and Reinvestment Act of 2009. One of the key components of the act was the $8000 First Time Home Buyer Tax Credit. Basically, a gift from the federal government to be credited to qualified first time homebuyers. The act has been received favorably by consumers, real estate professionals, and homebuilders. The program has been successful because there is always a positive economic ripple effect each time a home is purchased. The National Association of Realtors recently reported that 53% of today’s homebuyers are first timers due in part to the $8000 tax credit. Pent up demand, low interest rates and low prices have also played a big part in the home buying activity.

“Buying a first home at the right time is always a good move,” comments Kenn Renner, real estate expert with Keller Williams Realty. “Homebuyers just need to realize that the tax gift is going away and that now is the time to take action,” Renner added.

Just as the “Cash For Clunkers” program is now history – the first time homebuyers tax credit is set to expire. The deadline is Monday, November 30th. The Monday after the Thanksgiving Day holidays. Title companies, escrow companies, and mortgage companies have been alerting the real estate community and their clientele to not wait until the last minute to close on a home as they will be overwhelmed with home buyers trying to beat the deadline.

“I have heard some title companies indicate they will need purchase contracts in by late October to ensure they have plenty of time to meet the deadline,” Renner explains. “There is no grace period – there is ‘talk’ that the government might continue the program, but right now we cannot assume any date except the current deadline that is stated in the law,” further adds Renner.

About Kenn Renner: Kenn gained national exposure from his numerous appearances on HGTV’s #1 rated show “House Hunters” and as a guest expert on business talk radio. He is a broker associate with Keller Williams Realty. He has sold and financed over $200 Million in real estate since 1983. His new book “First Time Home Buying Secrets Revealed” (www.FirsttimeHomebuyingSecrets.com) will be published nationwide this fall. On September 29th, Kenn will be presenting his popular “American Dream Home Buying Seminar” in downtown Austin. Visit www.BuyAustin.Com for more information.

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Federal Tax Credit Of $8000 If You Haven’t Owned A Home In The Past Three Years. No Money Down! 100% Financing! The Cottages At The Highlands, Grass Valley, CA

Federal Tax Credit of $8000 if you haven’t owned a home in the past three years. No Money Down!!! 100% Financing! Prices Reduced to Below Cost!!! Investor Says Sell Now!!!

The Cottages At The Highlands, Grass Valley, CA

Come and see for yourself. Compare these new homes to others in Grass Valley and you will find they are a great value. You can have a newer home in a well planned neighborhood vs. an older home or fixer upper.

In real estate, it’s location, location, location. Then Cottages are located in a quiet enclave a short walk to all the shopping and services of the Brunswick basin. In these times of high gas prices, this central location is an added benefit.

The homes are energy efficient with R-19 walls and R-38 ceilings. A solar option (additional $) is available on most homes.

The Highlands front yards are maintained by the Highlands Homeowners Association, resulting in a uniform, well kept neighborhood. Private yards and patios are screened by maintenance free vinyl fencing.

Common sense tells us that five years from now, comparable new homes will cost even more to build. What will your Cottage at The Highlands be worth then?

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Top Austin Real Estate Broker Kenn Renner Signs National Book Publishing And Distribution Deal With Intermedia Publishing Group To Promote His First Book Entitled: “First Time Home Buying Secrets Revealed”

Top Austin real estate broker Kenn Renner recently signed a publishing and distribution deal to promote his first book with Intermedia Publishing Group out of Phoenix, AZ. The book is entitled: “First Time Home Buying Secrets Revealed.” Intermedia will be publishing and distributing the book in bookstores such as Barnes & Nobles and Borders as well as Internet portals such as Amazon.com and Target.Com. The e-book version will also be available at the same time the book is released in print. “The book is very timely,” mentions Larry Davis, CEO of Intermedia. “We look forward to working with Kenn on this book and the series of books he plans on writing in the future,” Davis adds.

First Time Home Buying Secrets Revealed

Kenn has self-published many books and booklets regarding a myriad of topics including real estate and personal achievement. His popular seminars have attracted thousands over the years where he breaks down complicated subjects into easy to understand presentations that inspires and motivates attendees. “The first seminar I ever produced was a first time home buying seminar in 1994,” Renner explains. “I went on to produce many other seminars, but it all started with the first time home buying seminar.”

Kenn’s book will cover topics that are crucial to a successful home buying experience. His book will uncover industry trade secrets that can help a savvy home buyer save thousands of dollars on the purchase of a home. “Some of the secrets I will reveal may be somewhat common, but many of the secrets uncover will be big ‘Ah-Haa’s!’ to many homebuyers.” According to the National Association of Realtors, 53% of the current home buying market is comprised of first time homebuyers. “First time home buyers are key to helping pull this economy out of the doldrums,” Renner further explains.

Among the subjects revealed in “First Time Home Buying Secrets” will be:

1. Who to Trust?
2. Ten steps to buying your first home
3. Ten secrets real estate agents don’t want you to know
4. Ten secrets home builders don’t want you to know
5. Ten secrets mortgage lenders don’t want you to know
6. Credit repair secrets – revealed!
7. The truth about the $8000 federal tax credit

Renner adds, “I have spent 25 years in the real estate and mortgage industry and I am very excited about the revelation that this book will provide homebuyers around the nation.” He will be releasing several chapters as he writes them and they can be downloaded at his website, http://www.FirstTimeHomeBuyingSecrets.com.

About Kenn Renner:

Kenn gained national exposure from his numerous appearances on HGTV’s #1 rated show “House Hunters” and as a guest expert on business talk radio. He is a broker associate with Keller Williams Realty – Lake Travis in Lakeway, Texas, an affluent suburb just West of Austin. He has sold and financed over $200 Million in real estate since 1983. “Although I sell a lot of medium to high end priced homes, I still get a real thrill working with first timers – after being in the business for 25 years I am now helping my past client’s children purchase their first homes – what an honor!”

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Perspective International Unveils Fractional Property Guide

Officially launching July 1st, the new Fractional Property Guide has been unveiled in preview mode to enable system checks and prospective advertisers to get a feel for the new service. The site can be viewed at http://www.ownersperspective.com/fractionalpropertyguide/

ownersperspective

“Whilst there are several other excellent websites that provide property listings for fractional ownership, we have been compelled to produce ours through demand f r o m our consumer magazine readership which reaches more than 42,000 prospective buyers each month.” Says Paul Mattimoe, CEO of Perspective International.

Owners Perspective Magazine (http://www.ownersperspective.com) which launched in print in January 2009 has taken bold steps to bring the shared ownership industry to the general public, and in a matter of a few months has negotiated distribution deals with leading UK supermarkets, travel and property shows, selected hotels and resorts and shortly will add airport lounges across Europe to its already significant monthly reach of 42,000+ readership.

“It is essential for us to continue to differentiate ourselves f r o m competitors, and our offline reach is the key ingredient here. We don’t really base our online advertising platforms on “hits” or “impressions”, we simply provide direct enquiry forms and let each advertiser monitor the return on their advertising spend with 100% quantifiable results.” Comments Mr. Mattimoe.

Over the past few months, readers of Owners Perspective Magazine have favoured the articles relating to Fractional Ownership and have actively interacted with current advertisers for more information. The Fractional Property Guide, which resides within the main website, rather than a standalone website, is designed to harness the high traffic of the magazine to provide highly targeted and product educated, fresh purchase enquiries for fractional property developers.

The online enquiry forms offer the consumer the chance to request brochures, inspection visits, enquire about available inventory and request a telephone call, whilst also providing the developer with full contact details as well as other useful qualifying information.

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A Joint Venture Has Relaunched Newskys As A Fractional Ownership Property Portal

A joint venture has relaunched NewSkys as a fractional ownership property portal – TheMoveChannel.com and Richmond Green Group have combined their knowledge and experience in the overseas property sector to create a platform offering visitors the very latest in fractional news, advice and opportunities…

A joint venture has relaunched NewSkys as a fractional ownership property portal – TheMoveChannel.com and Richmond Green Group have combined their knowledge and experience in the overseas property sector to create a platform offering visitors the very latest in fractional news, advice and opportunities…

The world of fractional property and shared ownership is growing exponentially and NewSkys.co.uk reflects that – relaunching as the place to find all of the latest fractional ownership investment and lifestyle opportunities.

NewSkys is a winning mix of TheMoveChannel.com ’s technical and online marketing experience and Richmond Green Group’s knowledge of the fractional ownership sector through its consultancy business RGM Fractional.

The concept of fractional ownership is a sensible, affordable and common sense way of owning property abroad and NewSkys aims to bring both potential buyers and existing owners in touch with the most up to date news on the world of fractional ownership.

It also showcases a large selection of fractional schemes through an extensive and detailed search.

Dan Johnson, Director of TheMoveChannel.com said, “This brings together two of the biggest hitters in terms of overseas property marketing.

“We have nearly a decade of online experience in the sector and coupled with the expertise of RGG in the fractional sector, it should make for a powerful combination of skills.

“Our role will be to ensure the Newskys site has great visibility online, both in terms of natural search and pay per click – two areas where we know we can out-think, out-flank and out-resource the competition.

“By the end of the summer, Newskys will already be well on the way to establishing itself as the leading online vehicle for marketing fractional ownership property to the UK audience,” added Mr Johnson.

Drawing on the expertise of both organisations, the editorially driven site will cover all aspects of shared ownership with regular news bulletins f r o m around the world, a weekly email newsletter, property listings, destination updates, buying advice, buyer experiences and details of upcoming events.

Trevor Little, former Editor of Overseas Property Professional, will manage content for the portal – which went live on June 22nd.

Xavier Wiggins, CEO of Richmond Green Group, said, “We aim to offer the widest selection of fractional ownership opportunities f r o m global destinations.”

For more information on UK and overseas properties and the market in general, please visit http://www.themovechannel.com

TheMoveChannel.com is a property website that was founded in 1999 as an online resource for buying, selling and learning about property. It now receives as many as 300,000 visits per month and advertises over 50,000 properties in nearly 90 countries, which are listed by over 500 partner organisations.

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Balli Real Estate Sees Return Of Activity In UK Property Market

Balli Real Estate has revealed that fluctuations in the world’s currency exchanges and the fall in the value of sterling caused by the global financial crisis have once again made the UK’s property market a lucrative proposition for investors.

Recent statistics have revealed a rise in market activity and increased levels of mortgage approvals market as buyers return to the market after months of inactivity. This increase in market sentiment is not restricted to the occupational market and has been mirrored with an increase of investment activity.

Balli Real Estate, the private property company, has witnessed an increase in levels of interest in the UK market from domestic and overseas buyers during the first quarter of the year, as a window of opportunity, which opened with the fall of the pound against the world’s major currencies, has been spotted by investors.

Vahid Alaghband, group chairman of Balli Group, observes that the fall in sterling earlier in the year made the UK an attractive proposition for overseas investors and comments: “The relative weakness of the pound against other currencies and the fluctuations of the exchange rates are proving to be very beneficial to buyers from overseas, looking for new opportunities thrown up by the turmoil being experienced by real estate markets around the world. With low prices and yields at up to 10%, property has become a good investment again. In particular the housing market in the UK, of which around 50% is underwritten with government money, and with supply at record low we expect the market steadily through to 2014. The return to the market of competitive mortgages will prove a further boost.”

Balli Real Estate suggests that the pound’s relative weakness on the world’s currency markets will make the UK particularly attractive to buyers from the USA, Hong Kong and the United Arab Emirates.

Alaghband continued: “The argument for an influx of overseas investment is compelling when you combine a 30% fall in the value of the pound with, in some cases, a similar fall in property values. This inward investment is helping to bring an increase in liquidity to the market, which will be an important factor in the recovery of the residential and commercial property markets in the UK.”

Balli Real Estate expects that established and mature markets will prove particularly attractive to foreign investors as the fundamentals of location, accessibility and communications will remain key drivers for occupiers and investors.

David Reid of Balli Real Estate said: “The old adage of ‘location, location, location’ holds good whether the market is good or bad and the established and proven locations of our towns and cities will continue to draw occupiers and purchasers.”

“This has been witnessed at ‘Latitude’ our 172 apartment development in central Birmingham a short distance from New Street train station and the Bullring. Sales in the third and fourth quarters of 2008 were negligible but we have seen a steady increase during the first quarter of 2009.

About Balli Real Estate:
Balli Real Estate is a leading multi-national real estate investment and development company operating in the UK, the Middle East and other lucrative markets. In the United Arab Emirates the company operates under the Peacock Ventures Ltd brand. The company focuses on four key activities: fund management, joint venture developments, direct developments and bulk purchase investment, and is involved in some of the most prestigious real estate projects in the world.

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Sente Mortgage Home Finance Expert Kenton Brown And National Speaker Kenn Renner From Buyaustin.Com Will Present A Free Home Buying Seminar On April 16th

It is a fact that some of the greatest opportunities for buying a home are currently available based on three major factors: 1) Home Loan Rates continue to be at historic lows, 2) There is a $8000 Federal Housing credit available to 1st time homebuyers, and 3) It is a “Buyers Market”, which means there are some tremendous bargains out in the Austin real estate market right now. This is an incredible time for prospective home buyers to quit paying rent and to achieve the dream of homeownership.

Planning ahead allows potential homeowners to have the knowledge they need to get a great deal right now. Those that attend this seminar will learn the ten steps to homeownership and how they can get their $8,000 “gift” from the Government. This workshop will focus on fundamental and simple to understand concepts that empower those that attend with practical knowledge to be able to make prudent decisions when it comes to homeownership.

Two of Austin’s top real estate and finance industry professionals will present this free Home Buying Seminar on Thursday, April 16th from 6:30 to 8:30 P.M. at the Renaissance Hotel in the Arboretum. The seminar presentations will cover key strategies to help homebuyers understand and succeed in today’s extremely competitive and constantly changing market. Highlights of the seminar include:

– The 10 steps to home ownership.
– Details on the 8,000 Federal housing credit.
– Move Assistance Programs (MAP’s).
– How to Renegotiate leases and tell landlords goodbye?
– The “Truth” about mortgage financing.
– What programs are available to buy your home?
– Negotiating to get the best deal.

The workshop format will help attendees uncover their dreams, goals and visions of homeownership. This seminar will explore concepts such as how to choose a Realtor ™, Builder, or Loan Consultant and what to look for when selecting trusted advisors. It will also provide detail about the mysteries of credit scoring and how to be truly“pre-approved” so that a great deal on a home purchase can be negotiated. There will be opportunities to visit with a select group of market expert professionals both before and after the seminar.

The cost is free for the seminar.

To register online visit: www.BuyAustin.com or call/text 512-423-5626

About Kenn Renner:
Kenn Renner (BuyAustin.com) is a national speaker on the subject of real estate and goal achievement. His popular presentation “The Highway Seminar” (www.TheHighwaySeminar.com) is based on his up coming book “The Highway – Purpose, Goals & Priorities” to be published this spring. With over twenty-five years in the real estate business, he is one of the top brokers in Central Texas with over $80,000,000 in closed sales in the past three years. Kenn can be reached at 512-423-5626 (call or text)

About Kenton Brown:
Kenton Brown is Sr. Vice President of Sente Mortgage (www.MortgagesForAustin.com) one of the top mortgage companies in Austin. He is also a part of Sente Learning, (www.SenteLearning.com) which is an educational forum designed to help business professionals succeed and achieve autonomy through tactics, strategy, planning and action. Kenton offers his unique insight and perspective by tapping into his twenty-five plus years in the finance industry. He can be reached at 512-637-9900.

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Immigrants To Help Fix The Housing Market in US

WSJ is currently running a very interesting article about the possibilities that can be opened for the housing market in this country should the immigrants and potential new comers be allowed to buy houses motivated by the permanent residency offered in return. We are noticing more and more voices lately in support of this hypothetical program as this is believed could possibly prevent or slow down the property’s values from dropping further down. 

The Obama administration should seriously consider granting resident status to foreigners who buy surplus houses in this country, says WSJ in its article.

This makes more sense than the president’s $275 billion housing bailout plan, which Americans greeted with a Bronx cheer.

The federal bailout forces taxpayers to subsidize overextended homeowners who bet on ever-rising house prices and used their abodes as ATMs, and it doesn’t get to the basic problem — the huge inventory of excess houses. We estimate that 2.4 million houses over and above normal working inventories are left over from the 1996-2005 housing bubble. That’s a lot, considering the long-term average annual construction of 1.5 million single- and multi-family units.

Excess inventory is the mortal enemy of house prices, which have already fallen 27% since the peak in early 2006. WSJ also predicts another 14% drop through the end of 2010 if nothing is done to eliminate the surplus.

A better idea is to offer permanent residence status to the many foreigners who are clamoring to get into the U.S. — if they buy houses of minimal values (not shacks). They wouldn’t need to live in those houses, but in order to remove the unit from the total housing market, they couldn’t rent them. Their temporary resident status granted upon purchase would become permanent after, perhaps, five years, if they still owned the houses and maintained clean records. The mere announcement of this program might well stop the ongoing collapse in house prices, especially in cities such as Las Vegas, Miami, Phoenix and San Francisco, where prices are down 40% — but where many foreigners like to live.

Each year, 85,000 H-1B visas are granted for foreigners with advanced skills and education, and last year, 163,000 petitions were filed in the first five days after applications were accepted. The Ewing Marion Kauffman Foundation estimates that as of Sept. 30, 2006, 500,040 residents of the U.S. and 59,915 individuals living abroad were waiting for employment-based visas. Many would buy homes if their immigration conditions were settled.

These people tend to be highly productive. In 2006, foreign nationals residing in the U.S. were listed as inventors on 25.6% of the patent applications filed in the U.S., up from 7.6% in 1998. A Council of Graduate Schools survey found that in the fall of 2007, 241,095 non-U.S. citizens were enrolled in graduate programs. Some 55% were in engineering and the biological and physical sciences, compared with only 16% of U.S. citizens. In 2007, more people on temporary visas received doctorates in physical sciences and engineering than U.S. citizens.

There is a high correlation between education and incomes, and in today’s uncertain economic climate, many wealthy foreigners desire U.S. resident status just as a number in Hong Kong secured residences in Singapore and Canada before the British handover to China in 1997. They rapidly became over a quarter of Vancouver’s population, and brought in billions of dollars to buy houses and make other investments.

We could benefit from such an influx. Merrill Lynch estimates that in 2007 there were 10.1 million individuals in the world, 7.1 million outside the U.S., with at least $1 million in financial assets that totaled $29 trillion. If new immigrants bought the 2.4 million excess houses at today’s $184,000 median price with funds from abroad, they would bring untold billions. The immigrants would also buy consumer goods, pay taxes, and start many new businesses.

The blueprint for a program to sell surplus housing to immigrants is already in place with the EB-5 visa program. Each year, 10,000 EB-5 visas for this country are available for foreigners who each invest $1 million in a new enterprise ($500,000 in economically depressed areas) that creates at least 10 full-time jobs. After two years, the entrepreneur and his family can become permanent residents.

America’s relatively open immigration policy makes this country better off than many other developed lands whose governments also must fund the pensions and health care for growing numbers of retirees. Yet there’s still a huge need for more productive and skilled people, both current residents and immigrants, who will produce enough goods and services to provide for their own needs and for those in retirement. Otherwise, entitlement spending eventually will touch off intergenerational warfare.

Granting permanent resident status to foreigners who buy houses in this country will curtail a primary driver of the deepening recession and financial crises — excess house inventories and the resulting collapse of prices. Since the people who will buy these houses will tend to have money, education, skills and entrepreneurial talents, they will be substantial assets to America in both the short and long runs.

We are joining these voices in support of a program that could permit foreigners who are looking for a way to immigrate to US buy houses in return of green cards (even though we think certain criteria should be met) since we believe this could seriously enliven our housing market. This is an area that is worth exploring in this economic downturn since many current and potential immigrants can afford buying their houses in US (without even going through the lenders), but are effectively precluded from doing so due to their unclear status here in the states. 

Via WSJ

Cohousing – The Case for Change America’s Small House Movement

Job insecurity and the mortgage crisis are combining to drive change in America’s housing market, and cohousing is a concept coming of age.

Cohousing, which groups 20-30 individual, self-contained homes around a neighborhood plan with shared common kitchens and community spaces, originated in Denmark in the 1960’s. Brought to America by architects Katie MacCamant and Charles Durrett, this sustainable model is gaining momentum, with over 115 cohousing communities in the United States to date.

Cohousing projects are known for reducing the carbon footprint of housing in at least three key ways—green and re-used building materials; shared community features allows individual homes to be smaller, and lastly; changing behaviors to community living, which results in less car travel and localized lifestyles.

Smaller houses, shared spaces and environmentally sound building practices successfully trade out excess for improved quality of life and reduced cost of living. David Wann’s book, Simple Prosperity, suggests, “If the United States and other wayward nations are wise enough to substitute moderation for excess, our world can come back into balance, maybe just in time.” Author Wann lives in a cohousing community and has served on Cohousing Association’s Board of Directors.

The biggest benefit to cohousing though, may just be living with neighbors and the natural reduction of duplicated community resources through sharing common space, dining and chores. “Knowing our neighbors, feeling like we belong, being a part of something that we care about and that cares about us…” Chris Scott Hanson, The Cohousing Handbook: Building a Place for Community

If you are ready for Cohousing 101, the Cohousing Association of the United States is holding it’s annual conference, Growing Community, in Seattle, June 24-28. This event brings together international thought leaders, professionals, cohousing grass-roots experts, and those interested in cohousing. Growing Community features seminars, presentations and tours. Presenters include one of Denmark’s cohousing concept originators, Jan Gudmand Hoyer, architects and authors Charles Durrett, Katie McCamant, cohousing consultant Chris Scott Hanson.

Cohousing Association’s slogan “Building a better society, one neighborhood at a time” may just be the type of housing change America can truly believe in.

To learn more or register, visit www.cohousing.org, email growing@cohous.org or call 866-758-3942 (toll free) or 314-754-5828.

Event details:
WHO: Cohousing Association of the US
WHAT: Growing Community, International Cohousing Summit, Pre-Conference Workshops and Tours, National Cohousing Conference
WHEN: International Cohousing Summit (by invitation)—Sunday, June 21 thru Tuesday, June 23, 2009
Pre-Conference Workshops and Tours—Wednesday, June 24 thru Friday, June 26, 2009
National Cohousing Conference— Friday, June 26 thru Sunday, June 28, 2009
RESERVE: http://www.cohousing.org/conference
WHERE: Conference events will be at the University of Washington plus a variety of regional onsite tours
FEES: Some offerings are free; workshops begin as low as $20, full conference registration $375 ($325 for first 50 registrants)

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Overseas Property Business Boosted By Twitter

Overseas property website Homesgofast.com demonstrates how things have changed in real estate with social media being an integral part of online marketing. The 21st century phenomena, and a web 2.0 craze has seen the site developing international contacts via Twitter which is a microcosm of the social networking craze.

For some businesses, still trying to get to grips with Social media and Web 2.0, Twitter has them scratching their heads and some are even quite afraid of it; “what if no one wants to follow me, won’t that do more harm than good?”

The answer is no; if no one is following you, no one will know, will they?

If you don’t know the answer to that question, then it is clear you haven’t yet embraced the phenomenon that is Twitter.

The overseas property business which includes a dedicated real estate blog has always been quick to embrace new technology, and has fallen in love with Twitter. The site is not only “on Twitter”, but they have even found its applications in building the business.

Nick Marr, director of Marr International, the group behind the portal, said:

“We love Twitter! It is really good for us, and for any business that produces engaging articles and content on a regular basis. Twitter allows you to share your content with the world, and if it is good content, your gang of followers will quickly grow.

“At first we thought it was just a way of building traffic to the site, as our following grows, we are being approached by businesses wanting to advertise and/or affiliate with us — through Twitter!”

Nick said their “Tweets” had become particularly popular with property marketers in the US and in the Caribbean. “We are in the process of forming a working relationship with the proprietor of propertyadsja.com, who contacted us after seeing our following grow on Twitter,” Nick explained, adding: “we will continue to exploit this new medium, and are particularly keen to follow, and be followed by those involved in the Jamaican property market.”

Homesgofast’s following on Twitter is growing by the day, join them at http://twitter.com/homesgofast

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Balli Real Estate Has Predicted That UK Property Will Be A Lucrative Proposition For Overseas Investors Due To The The Fall In The Value Of Sterling

Balli Real Estate has predicted that UK property will be a lucrative proposition for overseas investors due to the current fluctuations in the world’s currency exchanges and the fall in the value of Sterling caused by the global financial crisis.

Balli Real Estate, the developer of the 172 apartment Latitude property development currently under construction in central Birmingham, has witnessed an increase in levels of interest in the UK market from overseas in recent weeks, as a window of opportunity has opened with the fall of the pound against the world’s major currencies and, as such, Balli property developments are set to be popular among those overseas looking to invest in UK property.

Vahid Alaghband, Group Chairman of Balli Group, observed that the fall in sterling has made the UK an attractive proposition for overseas investors. He commented: “The relabttive weakness of the pound against other currencies and the fluctuations of the exchange rates are currently proving to be very beneficial to buyers from overseas who are looking for new opportunities thrown up by the turmoil being experienced by real estate markets around the world.”

Balli Real Estate suggests that the pound’s fall on the world’s currency markets will make the UK property market particularly attractive to buyers from the USA, Hong Kong and the United Arab Emirates.

Hassan Alaghband, director at Balli, said: “The argument for an influx of overseas investment is compelling when you combine a 30% fall in the value of the pound with, in some cases, a similar fall in property values.”

“Inward investment will help bring an increase in liquidity to the market, which will be an important factor in the recovery of the residential and commercial property markets in the UK,” he added.

Balli Real Estate expects that established and mature markets will prove particularly attractive to foreign investors as the fundamentals of location; accessibility and communications will remain key drivers for occupiers.

David Reid of Balli Real Estate observed: “The old adage of ‘location, location, location’ holds good whether the market is good or bad and the established and proven locations of our towns and cities will continue to draw occupiers and purchasers.”

“Our ‘Latitude’ development will see 172 apartments and penthouses located a short distance from New Street train station and the Bullring for private sale and, since its launch, over 60% of the total development has been sold. Situated in the heart of the city, on the corner of Bromsgrove and Hurst Street, ‘Latitude’ is just a few minutes’ walk from the Bullring Shopping Centre and Birmingham New Street Station and supports our philosophy of providing high specification and stunning accommodation in desirable and prestige locations.” he added.

Vahid Alaghband, Group Chairman of Balli Group, agreed: “‘Latitude’ is ideal for either owner occupiers or individual and bulk purchase investors looking to secure high quality property in the centre of one of the UK’s premier cities. The scheme has been priced competitively making ‘Latitude’ excellent value for money when compared to other regional cities in the UK, such as Manchester, Southampton and London.

Vahid continued, “Housing demand in Birmingham is forecast to grow over the next decade, due to the city’s expanding workforce and student population. With lower crime levels than comparable cities, good schools and improved retail provision Birmingham is well positioned to attract further investment and development.”

About Balli Real Estate:

Balli Real Estate is a leading multi-national real estate investment and development company operating in the UK, the Middle East and other lucrative markets. In the United Arab Emirates the company operates under the Peacock Ventures Ltd brand. The company focuses on four key activities: fund management, joint venture developments, direct developments and bulk purchase investment, and is involved in some of the most prestigious real estate projects in the world.

Via EPR Network
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