 |
 |
 |
 |
Monday, February 06, 2012
The Ongoing Foreclosure Mess!by Jim Stakem 11/1/2010So far the on again off again foreclosures have had little effect in the marketplace. It could be that we will see more disruption in the future, however I believe this was another overblown story about the housing market. We have seen some contracts canceled 'The Greatest' Investment!by Jim Stakem 10/28/2010I have worked with many different types of people in the investment business, stockbrokers, money managers, real estate investors and others. They all seem to look at the idea of an investment as being something you put money into and take a lot more money out. One thing they all seem to have The Saga of Mr. 'T'by Jim Stakem 10/13/2010I would like to tell you a story about a guy I know. His real name is Mr. Time Not Right; I will call him Mr. 'T'. I've met Mr. T and many of his relatives hundreds of times in my real estate career. Mr. T is a guy who always thinks he has the right answer and 'thinks' he is smarter than the market. When Mr. T goes to buy, he always waits until the market has begun to appreciate. It is not a bad idea to enter the market as it is beginning to climb and enjoy the ride!, however Mr. T is never satisfied to si Fast Factsby Jim Stakem 9/16/2010Aug. Real Estate Facts Where We Liveby Jim Stakem 9/16/2010When you are in the market to buy a new home there are many variables that you have to consider. You should always solicit numerous opinions from people you can trust and use the services of professionals to help you make decisions. You should use a Realtor to help find the property, Where Do We Go from Hereby Jim Stakem 9/13/2010For the last four years, we have been going through a tremendous amount of turmoil in our country and around the world. It has reached a point where we feel unsure about what to do next financially. We have seen all sorts of 'bubbles' in our financial markets and it all appears to Market watch videoby Jim Stakem 8/27/2010Click this link for a the latest video of Northern Virginia Real Estate information. Donate to your favorite charity!by Jim Stakem 8/18/2010For a unique opportunity to donate to your favorite charity check this website wwwraidonations.com or click this article for more information. Stakem Report Returns!by Jim Stakem 8/18/2010I have taken a few months off from the Stakem Report to sharpen my skills and make some adjustments. Now I am back! I will be posting many new articles and going in some different directions. I hope you like it and I look forward to your feedback Tracking our marketby Jim Stakem 4/12/2010The two charts below show the average sales price (left) and number of transactions (right) in our surveyed market. It is easy to see that after our price A little good news!by Jim Stakem 4/6/2010A little good news! Location, Population and Projectionby Jim Stakem 2/22/2010There has been a simple, easy to follow “rule” for my entire Real Estate career, Location Location Location! It is an easy way to emphasize that the single most important consideration is location. This has been true and will be more so in the future, however things are no longer as they were in the past. We have benefited A Difficult Startby Jim Stakem 2/18/2010I can only hope that January is not an indication of what's to come for the rest of 2010. It was the weakest month in my survey since January 2008! Let's take a look at the numbers (remember that my survery consists of the offices and Realtors located in Leesburg, Ashburn, Sterling and Dulles). We had 290 sales with an average sales price of $323,000 this year. This compares to 320 sales and an average sales price of $454,000 (this was early in the price decline) in 2008! Although I expected the the drop in sales price, we are painfully aware of that, the declining transaction numbers are a shock. If these numbers do not improve we will continue to see seriously eroding market values of our homes. Stakem Report – Going Green!by Jim Stakem 2/16/2010For those readers who regularly receive the Stakem Report in the mail, we will be discontinuing that service in an effort to be more Eco-friendly. We will continue to mail to the media and anyone else who specifically requests that service. If you wish a paper copy please call 703 786 1532 or e-mail jim@stakem.us. You can also find The Stakem Report on the web at stakemreport.com. This includes more information and is updated regularly. The Year Ahead!by Jim Stakem 2/15/2010It looks like we are going to have another difficult year in Real Estate. There are so many variables that could go wrong and any one of them will cause major problems for us. If we have more problems with the banks we will see a greater tightening of credit, making it harder to sell properties. The FED is backing away from purchasing Look out and be prepared!by Jim Stakem 1/26/2010If you have a mortgage commonly referred to as “Alt-A”, you may have a problem in the near future. Many of these loans had features which will cause financial hardship for the homeowner. They are generally adjustable loans which were Are you in Distress?by Jim Stakem 1/14/2010If you are one of the millions of homeowners whose adjustable rate mortgages are about to be adjusted you may have a problem. Many of those adjustments are going to make your payment unaffordable. If that is the case take action now to avoid as much pain as possi The year in reviewby Jim Stakem 1/11/2010Although I am a month early, the story of 2009 is very clear. We began 2009 in utter chaos, sales prices were rapidly declining and home prices were falling sharply as well. It was a very unsettling time for everyone in the residential Real Estate business, the worst market I have seen in my career of over 25 years! As the year progressed w |
|
|
||||
|
||||
|
|
||||
|
||||
