Alison Creamer, Hampton Roads REALTOR®

2009 May REIN Stats

I think we more stable in this current market than we have been in the last few months. That is not to say prices are increasing or turning around just that the over all sales activity indicate the mass decline may be over The number of active residential listings was actually lower year-over-year by more than 5%. Of course this points to more competition in competing homes. 9% of the sale were short sale or bank owned this is an increase from 3%. CAN you say BARGAIN shoppers !! Residential inventory for housing increased to 10.4 months in May. Settled residential sales has increased each month since January 2009. In May, foreclosure properties comprised 16.3% of settled residential sales. Foreclosures have been holding steady between 14.6% and 17.2% each month. Pending sales are up. May 2009 Highlights Listings: Residential active listing count went up slightly from 14,326 (Apr 09) to 14,401 (May 09) a 0.5% increase, but it is down year-over-year by -5.2%. Sales : Total Residential Sales were down by -10.36% as compared to May 2008 (1,531 vs. 1,708). Inventory Compiled monthly by Sacramento Association of REALTORS® and rewritten and inspired by me with a little spin !

Interview with Rose Ravlin of Stewart Title

Stewart Title and Settlement Services dba Stewart Title & Settlement 808 Eden Way North, Suite 100 Chesapeake, VA 23320 757-424-4400 phone 757-420-7086 fax

Why do you need title insurance ?

Who will make millions and Im so Frustrated !

March is Womens History Month

Hello, I had no idea Women had a month dedicated to them !!! I was amazed at someone the facts the Virginia Pilot Published. WOMEN are on the rise ! No offense men but hold your hats. While women still don't make as much as a man we are dominating the workforce and voting booths Its only going to be a matter of time before the tables tip. Listen to these important facts. To be fair to my wonderful Husband. I still will take his decisions with in our home as I feel the good Lord is first then my husband is next. I do so because he respects me and we discuss issues before a decision is made. Have a Great day and Visit www.bzibee.com

Interview with a buyer and Seller

Thanks to John, Mary , Paul and Michelle. May you have many years in your new homes !!! Also see http://bzibee.wordpress.com/ CLIENT VIDEO

Citimortgage Shortsale

Listing to my 5 minute summary of how 70 days of negotiations finally ended up in a sale. Thanks to a great buyers agent and contractor who were willing to risk thier time and money to get this home sold.

Hampton Roads deflates a bit more in the housing market

This Podcast was brought to you by Alison Creamer: This podcast is a summary of Real Estate information for the Hampton Roads area. REIN stats show the Median Home Sale price for South-side Hampton Roads dropped again. The median sale price in Jan 2008 was 224.9 this Jan 2009 it is at 194k This is about where the levels were in 2005. My podcast is a reminder in 2005 the prices might have been lower but the rates were not. If you are a VA buyer , Military person or someone who plan on being in the area for sometime now is a great time to buy. Seller are flexible, rates are low and prices have dropped. It will be interesting to see what February numbers bring. It appears that in 08 prices dropped in February but peaked in July. I think that means if the trend happens again this is the lowest point for prices and we might expect to see a small rise in median sale prices as we go in to the summer months. Are you currently looking to buy a home in Hampton Roads ? I would like very much to talk with you about the options and trends. If you are a seller in this market you need someone who will give you the hard facts about what to expect. Its not always an easy job to deliver bad news or news we know the client does not want but this is not a time to ignore the facts. I spend a lot of time communicating what is going on. I will ensure you are aware of the market and allow you to make changes with your listing that will keep you ahead of the curve.

January Thoughts

Still looking to buy a home ? Lets talk about it . I see tons of great buys.

Interview with Justin Williams ,Prosperity Mortgage

Thanks to Justin Williams a lender at Prosperity Mortgage . Our conversation today is about getting the best mortgage options and looking at second opinions. There are still great loan opportunities for credit challenged and cash poor buyers. Justin explains credit scores are not the only factor in getting a loan. I welcome you to give Justin a call if you want to investigate other options for your mortgage. Please tell Justin you heard his PODCAST with Alison Creamer when yo do call. Justin A. Williams Sr. Loan Officer Office Phone:(757) 490-9200 Cell Phone:(757) 692-3464 Address:4701 Columbus St Suite #300, Virginia Beach, Va, 23454 Email: Justin.Williams@prosperitymortgage.com