What Real Estate Crisis?

Lately, when I tell people I meet that I work in real estate, they respond with a sympathetic look and mutter some kind of apology for the current state of the market.

People of Huntsville, this has got to stop.

Everyone has been brainwashed by fear-provoking media headlines about real estate: "Home Prices Crash!", "Overall Sales Take Devastating Downturn!", "Real Estate Recession!". Even if the real estate market was truly in as tragic a condition as people think, we're all forgetting one thing - Huntsville is unique.

The city of Huntsville seems to be the exception to the rule in many cases, and the real estate market is no different. I'd like to take a moment to dispel a few real estate myths to prevent a dangerous misconception from becoming a reality.

Myth #1: Home prices are drastically down, causing sellers to lose their equity.

Reality: According to the North Alabama Multiple Listing Service (NALMLS), average home prices in the Huntsville/Madison area have increased over five percent since 2006, and almost 20 percent since 2004.

Myth #2: The overall number of home sales has decreased.

Reality: From 2006 to 2007, the number of home sales has indeed dropped. By two percent. This number is hardly alarming when compared with the overall picture of home sales since 2004, which has increased by 18.5 percent.

Myth #3: The Huntsville real estate market is down, paralleling national real estate trends.

Reality: The dollar volume of sold listings has increased four percent from 2006, 17 percent since 2005, and 45.4 percent from 2004. This is not exactly the recession that everyone fears it to be.

Now that we've unveiled the truth about the Huntsville real estate market, let's take a moment to address one other area of popular concern: the subprime mortgage market.

The "collapse" of subprime lending has garnered much attention, making potential buyers question their ability to qualify for a home loan. What kind of person generally applies for a subprime loan? The kind that cannot qualify for a conventional loan. Oftentimes, those applying for subprime loans have credit scores below 620. How does one get a credit score below 620? One easy way is to fall into debt. If you fall into, or are already in debt, how easy is it to make your extremely high interest payments on your subprime loan?

Subprime lenders made their money by offering high interest loans to people who traditionally could not qualify for homeownership, often based on the previously stated fact that they - that's right - don't pay their bills. What made anyone think that for these people, their mortgage would be different? This is a game of risk for those lenders, which eventually burned them. The instability of the subprime concept should have been a heads-up to someone this game couldn't go on forever.

So, what percentage of mortgages does the subprime market comprise? According to Freddie Mac, about five percent. The supposed trouble is that so many of these subprime borrowers are defaulting on their mortgages, right? What percentage of these borrowers are delinquent? In the second quarter of this year, the delinquency rate was 14.82 percent. So in reality, there is a "crisis" among 14.82 percent of five percent of borrowers. This comes out to less than one percent of all homeowners. 0.7 percent to be exact. A greater percentage of the population voted for Dennis Kucinich in the 2004 Presidential primary - now that's a crisis.

So what does all this mean for Huntsville? It depends. If everyone continues to run around in Chicken Little-fashion, bemoaning the fall of the sky, this lunacy will indeed materialize into a lack of buyer confidence, potentially triggering an actual decline in the real estate market. How do we stop this? Pick up the phone right now and call five people to tell them the great news about Huntsville real estate.

Let's do the numbers...

U.S. Census Bureau

Homeownership

The homeownership rate in the third quarter 2007 (68.2 percent) was lower than the third quarter 2006 rate (69.0 percent). The homeownership rates in the Midwest and West were lower a year ago, while rates in the other regions did not change significantly.

New Home Sales

Sales of new one-family houses in September 2007 were 4.8% above August 2007 figures.

Office of Federal Housing and Enterprise Oversight

Housing Price Index - Fourth Quarter Appreciation

According to the Office of Federal Housing and Enterprise Oversight, housing prices in Alabama will appreciate 6.6% in the fourth quarter of 2007, compared with housing prices in the fourth quarter of 2006.

Other state numbers are included below:

Georgia: 4.7%

Tennessee: 6.6%

Florida: 1.3%

South Carolina: 6.3%

Freddie Mac

Primary Mortgage Market Summary

30-yr 15-yr
Avg. Rate 6.26% 5.91%
Fees/Pts 0.4 0.4

Standard & Poor's

Case-Shiller Home Price Index

Regardless of the media hype about the drop in home prices, the real value of a single-family house in the United States has more than doubled in 10 years, according to the Standard & Poor's Case-Shiller Index. In fact, in some markets, it has tripled.

Moody's Economy.com Survey of Business Confidence

Behind the numbers

· U.S. business confidence remains weak and fragile. Sentiment has stabilized since falling sharply during this summer's subprime financial shock, but it has yet to meaningfully revive.

· Conditions elsewhere across the globe are measurably better. Asian businesses are consistently the most upbeat, with sentiment close to its pre-shock level.

· Real estate firms are the most pessimistic. Financial service firms have turned somewhat more upbeat in recent weeks, but heretofore optimistic manufacturers are turning less so. High-tech firms are the most positive.

In the News...

U.S. Inflation Worries Seem Overblown

Last week's GDP report contained good news on inflation, with the headline consumer price deflator rising just 1.7% at an annual rate, down from 4.3% in the second quarter. Falling energy prices were a major contributor to this weaker trend, but this is only part of the story. The core PCE price deflator, which strips out volatile food and energy components and is the Fed's preferred inflation gauge, rose by less than 2% both on a quarterly annualized basis and year over year, the first such occurrence since 2003.

Banks Make it More Difficult to Get a Loan

According to the latest Senior Loan Officer Survey, banks are tightening lending standards on prime, nontraditional and subprime residential mortgages.

Business Week

Southern Comfort in Real Estate Investing

For undervalued, affordable housing with a good outlook for home-price and job-market growth, there's one region of the country that stands out: the South. Metro areas are all expected to see home prices increase more than 5% over the next two years -- a big figure in a country where home prices are expected to trend downward overall.

"If you exclude Florida, the one area of the country that has a good outlook with respect to affordable housing and job growth is really the South," says Stiff. "There are other places in the country that have one of those things, but not both." The Midwest, for instance, has affordable housing but increasing unemployment, while the West has job growth but very expensive housing.

It's true -- you can find bargains in any area of the U.S. these days, though it helps to have a starting point. "Right now, across the country, this is a good time to buy," says Gillespie, citing the usual three incentives: lower prices, high inventory and relatively low mortgage rates.

Web Promotion Company India

The back links are a big part of the majority of the Web sites successful on the net and are almost essential in order to obtain the reasonable lists on search engines. The back links are quite simply, of the links of other Web sites. As an element of the majority of the algorithms of search engines it is obvious to see that they strongly mainly count on the quantity of entering links of quality which your Web site.I would like to reiterate, of the links of quality, there are many farms of bond and of arrangements without scruples of bond which if you take part inside, will obtain prohibited principal engines of research to you. The search engine optimization see links of other, usually established, Web sites like mark of respect and that you have probably something to offer.

If your Web site starts just or you are new in the world of SEO then probably you need to hire an Best Web Prmotion Company would have you know that the back links are a crucial part with a Web site, almost as much as very contained on top. With Juste a bond with you of the others the site indexed you can usually obtain some club-footed Search Engine visiting your site in hours instead of the days, or even of the weeks by the manual tender. The back links usually mean that you can carry out some reasonable key words in few search engines in weeks if you have a site of good quality.There is one another option for you that you can hire a professional SEO consultant India for best direction about the optimization process of your website.

Armed with information above it is easy to so much now see at which point the essential links back are, you wonder where to obtain them. Well you are advised to remain starting from the dishonouring sources as I mentioned previously but they seldom function any manner, instead of that should visit to you places like the forum and WebHostingTalk de Sitepoint where many webmasters professional can be found. One you recommends goal to him to bind the exchange with the Web sites which have a better rank of page of google than yourself.

Cheap Hotels

To be an avid traveler, which wait with interest I it majority of the evenings slackens and to fall deadened into the comfortable bed from a hotel so that I can embrace the next morning with strength for my efforts. Now, the most common question which arises here is to find the hotel rooms cheaper which provide me a certain level of service and no hole in my pocket burns. Thus how will we find approximately the hotel rooms cheaper? The question can be answered by employing the Internet.

As majority of the hotels, even the budget and the small one place their advertisements on the Internet. Because you tend to look at outside for one there would be a multitude of options. To find cheap hotel rooms it becomes easier in addition to season while the customers are courted with discounts heavy and so with add to the services. By seeking the cheaper hotel room, do not give on the advantages such as a lunch or a free eulogistic dinner as when you add the cost of this service, the private mansion can establish cheaper.

Many Web sites take care to thus provide you the option without policy of expenses of cancellation if your plans of voyage would be experimental this could be a bet surer and cheaper for you because you do not pay anything not to be able to sign in spite of a reservation. The majority of the hotels provide the discount of last minute at the ends of the evening if the rooms are unoccupied, but what proves to be cheaper is the use of the goods of voyage and all the packages included of voyage. Also some hotels make thus obtain a bed of still political catch 1 1 free if there is of two of you that it can be the cheaper business you can think of.

Cash Loan Without Credit Checking

If you want to secure the loan to achieve to them your all needs and financial problems also but because having the bad credit or the poor history of credit, frightened you to secure the loan but now, you do not have from now on no frightened need because there is good news for you who while providing to the loan the lenders does not see your points of credit thus you can make use of the loan without history of control of solvency and any hesitation.

the loan in cash of the 100 is an occasion splendid to obtain the money cash. You are only the need to fill simple a form of application program real-time of certain personal details such as your name, address, number of contact, source of revenue, birth date, identification of email, bank account, etc now, the next day that you will see that the money cash is in your bank account within 24 hour inside the same day. These loans are ready without guarantee in the short run thus secure the loan in cash which you have no need not to place any capital like additional guarantee.

To secure these loans which you must be 18 years or in top, must be to you used, you must be citizen of RU, you must have the account running valid or active, your income of income must be the minimum 1000 per month, your bank account should not be less, it must be more than old six months or above etc if you have all the criteria, the next day you see that the money cash is in your bank account automatically. You can obtain the quantity of loan extends from the 100 with the 1500. The duration of refunding is from 15 to 30 days. If you delay to pay the amount of loan, you must pay the supplement.

A thing, you must maintain it in your spirit which the interest rate of these loans is higher bitten compare loan.

Street Fighter Iv Pc Game

It is amazing finally have all the action and excitement of a game put the game available for play on your personal computer. If you're one of those who travel a lot or spend a lot of time on your computer, this game you should get a hold of. The graphics are excellent, largely a thing of the best I've seen so far in a game for the PC.

Capcom has really done this time with his street fighter IV had the perfect balance of old and new. This new game has a list of 25 people including many of the old favorites such as Ryu and Chun Li, but includes some very impressive new assistants, including crimson viper and Rufus classified wonderful. The combat in this game is amazing, with the devastating attacks that can be performed by each of the beginner to expert. There is a training mode you can try out the movements in, however most people I know enjoy discovering new moves just by pushing buttons in different combination to see what is available.

The game play pull up in the fun with all the new movements Whacked out. The old power is still what he was known for in the last game. You can trick your opponent, which is so nice. you can use defensive and offensive plans. One way is to play hard using force insane combos and you get great increase in energy meters wonderful. Ultra meter runs the other way. Your opponent can pummel you mercilessly if you have the skill, you can emerge with a combined ultra and other individuals inside.

Although it is a classic, new version is supreme on the old. The music brings dimension and depth to the game. With the old school tunes with new filtering issues that it all goes smooth and sweet together.

History of Blogging

Blogging, what is it? You’ve heard talk about blogging but are one of those people who don’t quite understand what it is. That’s alright, as we’ll go over what a blog is, the history of blogs, what they are used for and why they are important to your online business.

A blog is essentially like a journal where people can post their thoughts and have them read and commented on by anyone.

A blogger is someone who creates a blog and posts on it.
Weblogs, simply known as blogs now, haven’t been around for that long. The roots of the blog can be traced back to 1994 when people kept online journals (diaries) in which they wrote about things in their life.

Our current blog has been around for an even shorter period of time. In 1998, Open Diary created a site in which its users could post blogs that had the ability to be commented on by other people.

The popular free blogging site called Blogger was created in 1999 by Evan Williams and Meg Hourihan. Blogger was later purchased by Google in 2003.

Genius Brain Training

It is high time you start enjoying to the fullest all that life has got to offer you even as you exploit the possibilities available to you by developing your brain in the way and manner it should be done.

While it is desirable to determine the health of your brain, it is equally advisable that you take steps to train, exercise and develop it to its full potentials like that of a genius.

Up ahead, it must be mentioned that majority of people living only DRIFT throughout life having been persuaded and finally yielding over to the personal conviction (however faulted that might prove) they are not good enough for the kind of life that is their hearts' desires.

One thing that is noteworthy in all of this lies in the fact that they have only succeeded in underestimating their intellectual abilities and the true potentials of their brain. Are you among this number too seeing they are in the majority and abound greatly in every place and wherever you find people?

Parts of the benefits you stand to gain and enjoy with a healthy brain include:
1. Increased alertness and awareness.
2. Clearer and quicker thinking.
3. Improved memory for names, numbers, directions, places and locations, etc.
4. Better concentration at work, school or play.
5. Improved creativity and problem solving skills.
6. Improved mental stamina and coordination.
7. Improved confidence.
8. Improved lifestyle (which is the ultimate and best of all).

Being judge, can you truly and as a matter of fact say that all the above mentioned benefits are daily experiences with you? Do you take decisive steps to ensure that you harness the full potentials of your brain with each day that passes and every available opportunity that presents itself to you?

Visit Us - India SEO Company