Posts from June 2011
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29
Ruhl&Ruhl REALTORS Sponsors THE Quad City Marathon
Ruhl&Ruhl REALTORS is proudly sponsoring the 2011 Quad Cities marathon! The marathon will consist of 5 different races and all proceeds will benefit the Erika Kate foundation and US Too prostate cancer education and support group. "We are thrilled to be a part of this exciting event," said Caroline Ruhl, President of Ruhl&Ruhl REALTORS. "These organizations have helped so many different people and are very close to my heart." The Quad City Marathon's five races will consist of:
- Quad City Marathon – The 26.2 mile run is a USATF certified course. It will cover 4 cities, 3 bridges, 2 states and 1 island.
- The Half Marathon – This 13.1 mile course parallels the first 9 miles with the marathon course.
- The Marathon Relay
24
A Window of Opportunity for House Sellers
There has been much confusion as to where housing prices are headed. We have actually blogged on the issue recently. Today, we want to give our opinion on this subject for the short term. We believe sellers have a window of opportunity for the next 90-120 days in which to sell their homes for maximum price. We believe there will be increased downward pressure on home prices later this year and the first half of 2012.
Why renewed downward pressure?
Any item's price is determined by 'supply and demand'. In many parts of the country existing housing inventory is already high and actually increasing....
21
Will Falling Values Lead to More Strategic Defaults?
As prices continue to soften, more and more homeowners will fall into a position of negative equity on their homes. This means that the balance on their mortgage is greater than the value of their home. The reason this is important is that people are more prone to strategically default on their mortgage when 'underwater'.
What is a strategic default?
Let's first define strategic default in simple terms. According to Wikipedia: A strategic default is the decision by a borrower to stop making payments (i.e. default) on a debt despite having the financial ability to make the payments. This is particularly associ...
14
Ruhl&Ruhl REALTORS to Host FREE Career Seminar
Did you know that you may possess talents very similar to our most successful agents and not even know it? Join Ruhl&Ruhl REALTORS on Thursday, June 16th as they host a free Real Estate Career Seminar from 7:00–8:30 p.m. at its Moline office, located at 1702 – 52nd Avenue, Moline, Illinois.
This seminar will focus on selling real estate in eastern Iowa and western Illinois, covering such topics as current real estate market activity, licensing requirements, startup investment and earnings potential. Discover the advantages of...
13
Fixed-rate Mortgages Fall to 6-Month Lows
Local lenders saw rates on 30-year and 15-year, fixed-rate mortgages move to a six-month low this past week, an important factor in the housing market recovery. Jane Schneider, President of 1862 Mortgage, said rates have slipped again presenting a great opportunity for buyers, as well as those ready to refinance. The average 30-year fixed-rate mortgage, with no points, fell to 4.5%, while the 15-year fixed rate mortgage, with no points, fell to 3.875%. A 5/1 Portfolio ARM (adjustable rate mortgage) fell to 3.625%. "Whether you are interested in buying a new home, investing in real estate or refinancing your current home, now is the time," Schneider said. "Borrowers would be wise to lock in rates, as things can change quickly and rates have been very unpredictable in this market." National analysts say the drop and the lack of ability of borrowers to qualify and take advantage of these rates due to ne...
