Gay Realty Network

Real Estate News With a Gay Slant

New Report: Real Estate Demand Stabilizing in Home Market

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The number of contracts to buy previously owned homes rose more than forecast in November, a sign sales are recovering following a plunge after the expiration of a tax credit.

The index of pending resales increased 3.5 percent after jumping a record 10 percent in October, the National Association of Realtors said Thursday in Washington. The median forecast in a Bloomberg News survey called for a 0.8 percent rise in November, and the gain was the fourth in five months. The group’s data go back to 2001.

Home demand is stabilizing after sales collapsed to a record low in July, as the effects of a tax incentive worth as much as $8,000 waned. A jobless rate hovering near 10 percent means foreclosures will remain elevated and any recovery in housing, the industry that precipitated the worst recession since the 1930s, will take time to develop.

At Gay Realty Watch, we look for news to share with you about the gay real estate market – both lgbt real estate news and news specific to gay and lesbian real estate meccas.

Full Story from SFGate

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If you have a gay real estate story that you’d like to share with us, contact us at info@gayrealtynetwork.com

Commercial Real Estate Market Improving in US

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Ross Moore has changed his outlook for the better in these last few weeks of 2010. As national chief economist for commercial real estate services company Colliers International, Moore follows about 100 economic indicators that keep his finger on the pulse of the economy and the commercial real estate industry. And since the beginning of the fourth quarter, that pulse has quickened.

“With the exception of housing and unemployment, most of the signals I’m seeing are positive, which does suggest pretty good growth next year,” says Moore.

In particular, the 10-year Treasury yield reversed a year-long decline. It climbed to 3.5% on Dec. 15, up more than a percentage point from the 16-month low of 2.4% on Oct. 8. The critical benchmark for commercial real estate lending has since come down slightly and stood at 3.3% on Dec. 21, but is still well up from the recent low.

At Gay Realty Watch, we look for news to share with you about the gay real estate market – both lgbt real estate news and news specific to gay and lesbian real estate meccas.

Full Story from the NuWire Investor

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If you have a gay real estate story that you’d like to share with us, contact us at info@gayrealtynetwork.com

Is US Real Estate Market In For Double Dip?

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Housing markets have taken a turn for the worse, with the widely followed S&P/Case-Shiller index declining more than analysts had forecast in October, lending credence to the housing bears who have predicted a double dip.

The real-estate sector has been one of the sticking points in the Fed and the government’s attempts to revive the U.S. economy. The 20-city composite S&P/Case-Shiller Index, which measures the value of single homes in 20 metropolitan areas, declined 1% from September to October on a seasonally adjusted basis, S&P said Tuesday. That exceeded the 0.8% dip expected by Wall Street analysts. The index, which takes January 2000 as its base with a value of 100, hit 145.32, making October the fifth consecutive month where annual growth rates moderated from their prior month’s pace.

“The double dip is almost here,” said David Blitzer, chairman of S&P’s index committee. “There is no good news in October’s report.” Explaining that “the trends we have seen over the past few months have not changed,” Blitzer cited expired tax incentives and a “lackluster” national economy as some of the causes. “On a year-over-year basis, sales are down more than 25% and the month’s supply of unsold homes is about 50% above where it was during the same months of last year.”

At Gay Realty Watch, we look for news to share with you about the gay real estate market – both lgbt real estate news and news specific to gay and lesbian real estate meccas.

Full Story from Forbes.com

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If you have a gay real estate story that you’d like to share with us, contact us at info@gayrealtynetwork.com

Where is the San Diego Real Estate Market Going in 2011?

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It’s that time of the year: The real estate industry is rolling out the shop-worn playbook of optimistic forecasts for the New Year. In San Diego these canned phrases are:

  • Solid signs of a firming market,
  • With interest rates near all-time lows,
  • Buying now is a no-brainer,
  • Get in now, before the huge pent-up demand for homes hits,
  • What a great time to buy with low interest rates and a good supply of homes for sale,
  • Act fast now, or you may be paying thousands more in a few months.

We have heard these same phrases since 2005.

At Gay Realty Watch, we look for news to share with you about the gay real estate market – both lgbt real estate news and news specific to gay and lesbian real estate meccas.

Full Story from BrokerForYou.com

Click here for gay realtors, mortgage lenders, and other real estate professionals in San Diego.

If you have a gay real estate story that you’d like to share with us, contact us at info@gayrealtynetwork.com

Today’s Featured Gay Friendly Realtor: Michael McDonald, Santa Cruz, CA

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Periodically we’ll feature one of our real estate professionals here to let our readers know about some great Realtors, Mortgage Brokers, and Other Real Estate Professionals.

Gay Friendly Santa Criz Realtors and Real Estate Professionals

Buying or selling a home often means a major life change. Michael feels privileged to serve his clients in this process. As your agent, Michael will dedicate myself to making your home buying or selling experience worry-free.

Michael’s educational background includes a Bachelor’s in Music, and a Master’s in Computer Science. In real estate, Michael gets to use the creative and intuitive skills he developed in music school, as well his analytical skillsfrom the high tech world. Michael will use these skills to stay focused on your needs, and to get the best results possible.

Michael has lived many places across the United States, and settled in Santa Cruz about five years ago with his partner and two Dalmatians, Molly and Pax. This area of California is a beautiful and fantastic place to call home, and is very diverse – Michael will be happy to show you the most gay friendly neighborhoods, and to show you gay Santa Cruz real estate.

See Michael’s Expanded Listing on Gay Realty Network Here

Tucson’s Retail Real Estate Market Recovering

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Peter Piper PizzaAs 2010 comes to a close, many of the gaping holes in shopping centers across Tucson have been filled.

Burlington Coat Factory settled into a 65,000-square-foot space once occupied by Dillard’s at El Con Mall. Peter Piper Pizza opened a massive, 20,000-square-foot parlor across the street from Park Place in space vacated by bankrupt fabric retailer Linens ‘N Things.

The growing chain Ultimate Electronics took up 30,000 square feet on North Oracle Road near West Wetmore Road that sat empty after Circuit City closed its doors.

At Gay Realty Watch, we look for news to share with you about the gay real estate market – both lgbt real estate news and news specific to gay and lesbian real estate meccas.

Full Story from The Arizona Daily Star

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If you have a gay real estate story that you’d like to share with us, contact us at info@gayrealtynetwork.com

What Do San Francisco’s Year End Prices Say About 2011 Real Estate Market?

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With December upon us, we look back at 2010 to assess San Francisco’s real estate market, not only to see what was, but to predict what will be.

Online brokerage Redfin has released its final quarter data, among it this graph showing the price San Francisco properties commanded per square foot.

The graph, which correlates to single family homes only (no condo data) shows a general downward trend since 2009. We can’t be shocked, since the same trend is mirrored throughout the U.S. and a good portion of the rest of the world. However, what many people still find amazing is the how high, even after coming down steadily for over a year, San Francisco median prices still are.

At Gay Realty Watch, we look for news to share with you about the gay real estate market – both lgbt real estate news and news specific to gay and lesbian real estate meccas.

Full Story from SFGate

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If you have a gay real estate story that you’d like to share with us, contact us at info@gayrealtynetwork.com

After Two Months, New Orleans Real Estate Records 85% Restored

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New Orleans Gay Real EstateThe New Orleans civil court clerk says about 85 percent of the real estate records lost in an October computer crash have been restored.

Clerk Dale Atkins also said that the original estimates of how much information was lost were greatly overstated. Instead of the 60,000 conveyance records Atkins first reported missing, she now estimates the number at about 35,000.

The crash still poses problems in real estate sales: Without a complete and verified database of records, title companies can’t be sure that a person trying to sell a property truly owns it free and clear.

At Gay Realty Watch, we look for news to share with you about the gay real estate market – both lgbt real estate news and news specific to gay and lesbian real estate meccas.

Full Story from WWL

Click here for gay realtors, mortgage lenders, and other real estate professionals in Louisiana.

If you have a gay real estate story that you’d like to share with us, contact us at info@gayrealtynetwork.com

Real Estate Negotiation Tips

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Find out as much as you can about who you’ll be negotiating with before you start the process. Sellers need to know if the buyers are financially qualified to close a deal. Most sellers get hung up on the price. But, the highest price doesn’t always come from a buyer that can actually close the deal.

For example, if the buyers make a low cash down payment and the lender’s appraised value is for less than the purchase price, the lender may not give the buyers a large enough mortgage to close the sale unless the buyers come up with more cash. This can lead to further negotiations and a failed transaction.

You’ll also want to know how long the buyers have been looking for a home. Have they made other offers? Were any accepted? If so, why didn’t they close? Did the buyers back out or was the seller unreasonable? Your agent should be able to get answers to your questions by talking with the buyers’ agent.

At Gay Realty Watch, we look for news to share with you about the gay real estate market – both lgbt real estate news and news specific to gay and lesbian real estate meccas.

Full Story from Boston.com

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If you have a gay real estate story that you’d like to share with us, contact us at info@gayrealtynetwork.com

Summer Real Estate Sales in Ogunquit in 2010 Much Improved

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Summer 2010, at least compared to the previous summer, was very good to the real estate market in Ogunquit. The total value of sales of houses and condominiums there grew by almost 200 percent, according to an analysis of data contained in declaration of sales on file with the town.

In neighboring Wells, total sales value grew by 1.4 percent from summer 2009 to summer 2010, with condominium sales value increasing by 24 percent.

The data was compared from June, July and August 2009 to the same period in 2010. The data is contained in Maine Revenue Services Real Estate Transfer Tax Declarations that assessors’ offices keep on file.

At Gay Realty Watch, we look for news to share with you about the gay real estate market – both lgbt real estate news and news specific to gay and lesbian real estate meccas.

Full Story from Seacoast Online

Click here for gay realtors, mortgage lenders, and other real estate professionals in Maine.

If you have a gay real estate story that you’d like to share with us, contact us at info@gayrealtynetwork.com