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6 Reasons 2013 is a Home Sellers Market

Wednesday, January 23, 2013 posted by Tommi Crow

Prices for existing homes rose another 7.7% in the month of December.  For our customers who have been patiently waiting for the market to favor sellers, instead of buyers…the tables have finally turned. 

Why is the housing inventory so low in 2013?

The Wall Street Journal writes a good article on this, pointing to six reasons:

1. Many homeowners are underwater, and thus can’t sell.
2. Homeowners with equity in their home don’t have enough of it to “trade up” to buy a bigger and more expensive  home.
3. Everyone wants to buy at the bottom, but few want to sell when they feel their home will be worth more next year.
4. Investors – from mom and pop and corporate investors have come out and become landlords, taking property that normally would be on the market into the rental realm.
5. With the foreclosure fiasco, banks have been slower at foreclosing homes.
6. There’s been a lot less construction of new homes by home builders.

What does this mean for home sellers?

1.   Advertising your property on the MLS and has never been more crucial to reach qualified home buyers.  Realtors and homebuyers are searching for new listings, daily, because there is nothing on the market that fits their needs.  If your home does not appear in these real estate search engines, chances are that no one will ever know your home is for sale and you will miss your window of opportunity.

2.   Holding an Open House on the weekend is a great way to get people who see your listing online  into your home for an actual showing.

3.  Place a FREE listing on  InfoTube is visited by thousands of people daily who are looking for “by owner” property.

4.  The homes that are flying off the market are the properties in the best condition, location and they are priced right, ready to sell.  Homebuyers will not look at a house that is overpriced, hoping to negotiate back and forth.  They are buying homes that are reasonable to purchase and are ready to move into.

5.  Keep your InfoTubes and InfoBoxes full of flyers.  We receive calls from buyers everyday who want more information, but the container is empty.  Be sure to keep a back stock of brochures on hand in time of high traffic.

Home sellers should act quickly to take advantage of the present market conditions because they will not last.   Home inventory levels will increase as home builders react and start more new homes.  Banks will quickly work there way through millions of foreclosures that are still sitting in limbo.    And, home buyers are snapping up houses right now to lock in low interest rates and low home prices.   If you want to sell your home for the most money, in the least amount of time, you should act aggressively.  Time is of the essence.

Thank you for visiting   Post a free property listing on our website.  Search for thousands of homes for sale seen no where else.  Buy an InfoTube or InfoBox to market your property..nothing beats providing a brochure about your home, instantly to a prospective buyer.   Put your property information in front of millions of internet home shoppers and real estate agents with our low cost MLS and listing packages.   Whatever you need to sell your home….we have you covered since 1988.

Tommi Crow, owner of Crow Erickson, Inc and inventor of the InfoTube and InfoBox battled Home Depot and Lowes…and WON!!!    Now, she and her company get to keep selling their American Made products and her US workforce will stay employed.

To Read About this David vs Goliath Victory …CLICK HERE!!!!

More than 150 years ago, America’s greatest landscape architect, Frederick Law Olmsted, created Central Park and changed New York forever. He went on to transform dozens more cities, leaving a priceless legacy of vibrant, beautiful cityscapes. And, in the process, he increased property values. 

Olmsted discovered this himself when he tracked the value of land around Central Park and found that the city’s $13 million investment had led to an astounding $209 million increase in just 17 years. The architect recognized what many planners still fail to grasp: Parks and managed green space are vital pieces of urban infrastructure that not only improve the quality of life for millions of people but also drive economic growth. 

Today we must act again to transform our cities. The commercial real estate binge of the past decade and the growth of online shopping as an alternative to brick-and-mortar stores have left more than 200,000 acres of vacant retail, office and industrial space. Residential real estate is a massive problem as well. Distressed properties are a drag on our communities and the economy, and threaten to topple even more banks that hold mortgages on these “toxic assets.”

 We need to move these toxic assets off the banks’ books, reduce the surplus of commercial space and create jobs, all while revitalizing our cities. This brings us back to Olmsted.

 Olmsted designed transformative parks, campuses and greenways; his firm completed an amazing 6,000 commissions and launched a green wave across 19th-century America. The same kind of wave could help resolve the 21st-century real estate mess.  

 We don’t have the luxury of vacant land that Olmsted often started with, so we must bulldoze underperforming and underused property, put people to work creating parks on some of the land and “bank” the rest until the economy recovers.

 Beginning with Atlanta, Georgia Tech is researching what is needed to accomplish this in 12 major cities. The project is known as Red Fields to Green Fields. Under this plan, some of the abandoned or underutilized property would be acquired by a parks agency or by public-private partnerships, which would then begin demolition, park design and construction, putting people to work immediately. More jobs would come as the improved areas attracted development.

 This would not be the first time that property has been bulldozed for economic gain. The railroads, which had many miles of underused track to maintain, pulled up 55 percent of their tracks in the past 60 years to increase profitability, enabling the creation of 19,000 linear miles of “rails-to-trails” parks.

 Pittsburgh, realizing that the steel industry was never coming back, tore down riverfront steel mills and replaced them with an attractive mix of parks and office space. In Michigan, Flint and Detroit are finding ways to “bank” land as open space. 

The banking system and the federal government could play an important role in this effort. Rather than backstop bad real estate paper, the Federal Reserve, the Federal Deposit Insurance Corp. (FDIC) and the Treasury Department could help finance the acquisition of excess commercial real estate through a land bank fund. 

Instead of buying mortgage-backed securities, why couldn’t the Fed buy excess developed real estate to be held as green space through “land-backed securities”? Why couldn’t the FDIC give some of the useless properties it obtains through bank closures to land banks or nonprofit organizations? 

With the right financing structure, philanthropic entrepreneurs could use leverage to remake America just as some of our bad developers used easy bank financing to help create the excesses. 

Acquisition money could also come from expanding tax incentives that encourage banks and landlords to donate land and encourage wealthy individuals and corporations to buy conservation tax credits. Georgia Tech’s analysis has also shown that the money needed for a nationwide program would be a tiny fraction of current real estate support programs, such as the Fed’s “quantitative easing” or its recent purchase of $1.5 trillion in mortgages. 

The 2009 stimulus package did much to protect jobs but little to stimulate the economy with transformational investments.  Converting underused commercial real estate to green space and “banked” land would be transformational. It would create jobs, strengthen the banking system to encourage lending and stabilize property values so that real estate owners would be ready to spend again. Most important, lush new parks would enhance neighborhoods across the country.    

Michael G. Messner is a Wall Street investment fund manager. He and his wife, Jenny, funded the documentary “The Olmsted Legacy,” which is airing on PBS, and are funding the Red Fields to Green Fields research at Georgia Tech.

Thank  you for visiting  We manufacture the InfoTube and InfoBox, which protect advertising flyers from weather elements.  We also operate a FREE website for buyers, sellers and agents.   We hope you take a moment to visit our website, today.

    While Wall Street wrings its hands and pulls its hair over the banking problems and foreclosure moratorium, home seller’s and home builder’s have a BIG reason to celebrate.  Their competition dropped the ball!!!

The moratorium on foreclosures effectively removes ONE THIRD of all the homes For Sale from the market!!   33 Percent of the competition is GONE!!!   For how long, we don’t know…but, we do know that this is a RARE opportunity and all property seller’s should take full advantage of it.

What can home seller’s and builder”s do to take advantage of the Bank Error?

  • Realize that Time is of the Essense!  The banks will work hard and fast to get their inventory back on the market.  And, when they do, they will no doubt offer special incentives that individual seller’s can not compete against.  The clock is ticking…….
  • Price Right and Show Well!   If your home is priced right against its remaining competition, and it is staged, depersonalized and shows well, Your House Will Sell.
  • Marketing to the Masses is Key!    The MLS sells over 90% of all the homes in the United States.   If your home is not on the MLS, your chances of selling are less than 10%.   If money is tight, know that you don’t have to pay 6% for an MLS listing.  You can purchase an MLS listing for your Home for only $399.

                                                              believes that “a bank moratorium on foreclosure competition” is a very unique opportunity and the window is open for a short period of time, only.   We are here to help you . “The clock is ticking”.  Don’t let this unbelievable opportunity pass you by!! 


Tips for New Landlords

Tuesday, September 21, 2010 posted by Tommi Crow

Given the millions of homes that are languishing on the market, it’s no surprise that many owners are considering leasing their homes in order to avoid big financial losses.  If you are an owner that is debating the pro’s and con’s of leasing your property, we have some very valuable advice to share with you.

Leasing out your home can be a great experience.   A good tenant will care for your property, while paying your mortgage.   Owning investment property also has tax benefits, and while the home selling market maybe soft…the present rental market is stronger than ever.


  • Don’t be afraid of bad credit.  References are as important as a credit report.   In addition, many renters who lost their homes have gotten rid of their biggest expense…their mortgage.  So, if their references check out and they have good jobs, don’t let a bad credit report scare you.
  • Ask the tenant to provide a current copy of their credit report, references and their last paycheck stub. 
  • Call the renter”s employer to verify that they are still working there.
  • Consider hiring a private investigator for less than $50.  They can immediately find out whether the tenant is a scammer or not.
  • Check you local laws to see if you have to have a permit to rent out your house.
  • If you are using a standard lease agreement, ask your lawyer to look it over and avoid potential surprises.
  • Build in convenience for yourself.  Requests wire transfers and automatic deposits for monthly rent payments.
  • Craigslist and are fantastic places to advertise your rental.  Best of all, both sites are Free and allow pictures.

Thank you for visiting, your FREE homes for sale and rent listing website.  Please check back in with us tomorrow when continue our blog with Property Management Tips for Homeowners.

Falconridge in the Peak District of Hong Kong is a Trophy Hunters Dream. 

A trophy, residential building lot, located at Falconridge in Hong Kongs’ affulent Peak district, sold at auction for a record $233 Million.   The price equates to an eye-popping, jaw dropping $8717.00 per square foot for the one acre piece of land.

The sale emphasizes that at least the luxury end of real estate in Hong Kong continues to command a premium and provides further proof that the sizzling, hot real estate market shows no signs of cooling off.   Average home prices in the cosmopolitan city soared 30 percent last year and are up 8 percent so far in 2010, in spite of efforts by the government to cool the market down.  To date, higher interest rates, large down payment requirements and increased taxes on luxury homes have done little to stop the flow of big money into the real estate market. 

Thank you for visiting homes for Sale and Rent website.  Ask us about our popular flat fee MLS service.   It has been the number one tool used by successful seller’s this year and you can’t beat the price.

Mortgage Refinance Boom is Underway

Wednesday, January 14, 2009 posted by Tommi Crow


Mortgage applications jumped over 25 percent in the first week of January, spurred on by low interest rates. The indicators showed the demand for home refinancing has not been as high in the last 5 years.

While many experts report that rates will stay low for months, 30 year rates of 4.5 percent were too attractive for borrower’s to pass up. Due to the fact that rates change, locking in now a great rate now appears to be a smart move.

While low rates have not yet spurred buying activity, low prices and cheap money certainly provide hope that we may be reaching a bottom in the US housing market.

Thank you for visiting homes for sale website.  Please feel free to search for great real estate deals on our website.  No registration is required and you will find property seen no where else on the internet.



Housing stat’s were just released for November home sales.  While the news isn’t great, it isn’t a surprise to anyone either.   The question is, do these numbers signal the bottom?  Is now the time to buy?

Here is a look at the numbers for November 2008:

  • At the end of November the supply of unsold homes on the market was at 11.2 months.  (A healthy housing market has a 5-6 month supply of unsold homes.)  While the inventory of unsold homes number is twice what it should be, there is No surprise here.   Buyers:  Keep a close eye on your local market housing supply to determine if your town has reached a bottom. 
  • The average home sales price dipped to $181,300, which represents a decline of 13.2 percent from 2007 levels.
  • New home sales declined to a level last seen in 1997.

Do these numbers Signal a BUY?

  • Interest rates on a 30 year fixed mortgage were quoted at 4.75 percent today, compared to 6+ percent one year ago. 
  • Prices have declined another 13 percent from 2007-2008.
  • Builder incentives and free upgrades are at record highs.

Our Opinion:  While we can’t promise that home prices are at their rock bottom, they are close.  More bullish news for buyer’s is that low interest rates and steep price declines mean that housing is more affordable than we have seen in years.  In addition, plentiful home inventory means it is a fantastic time to select the home of your dreams.  

With prices and interest rates at rock bottom, what we need is a clear signal from the government to get the market moving.   Buyer’s and investor’s need to know what buying incentive’s will be going forward, before they will buy.  They also need reassurance that the government isn’t going to force  interest rates lower, before they jump off the sidelines.

Our wish for this holiday season is decisive action in Washington that will end the meaningless, negative speculation and shut down the rantings of the news pundits.  If we get our wish, thousand’s of would be home owners and investor’s will snap up the deals of a lifetime, improving our economy as they do.

Season Greetings and Thank You for Visiting

From Reuters:




Coldwell Banker Asks Sellers for 10-day price cuts to spur home sales

One of the largest U.S. real estate companies said it is asking its sellers to cut their listing prices by as much as 10 percent to kick-start U.S. home sales in a market plagued by falling prices and near-record unsold inventory supply.

Coldwell Banker Real Estate said some 25,000 sellers, who have homes listed with its brokers, will cut prices during its first national, 10-day sales event starting on Friday, October 10th.  The goal, to lure potential buyers off the sidelines in the worst housing market since the Great Depression.

Most owners still are unrealistic when pricing their homes, and a reduction of 10 percent or less would push the properties “over the tipping point to a sale,” according to Coldwell Banker, which is based in Parsipanny, New Jersey, and is part of Realogy Corp.

“The main driver is to bring buyers and sellers together and to increase the activity in the marketplace,” Jim Gillespie, president and chief executive officer of Coldwell Banker, said in an interview.

Many sellers have been reluctant to slash asking prices, but they face competition from the large number of foreclosed homes on the market at discounted prices.

A recent Coldwell Banker survey found that more than half of the real estate agents said listing prices in their market are too high to attract qualified buyers. Brokers, however, believe that, depending on the market, a price cut of up to 10 percent will be enough to stoke sales.

Kathryn Taylor is one seller who hopes that’s the case.

“The economy. No movement for our home, or even any interest, just because people are scared,” she said, explaining her decision to cut the asking price on her parents’ home in Silver Spring, Maryland, by 10 percent for 10 days.

The two master-bedroom, two-bathroom home in an over-55 community was listed in May at $458,000, undercutting several nearby sellers of the same model.

“This is the first time we’re lowering it, and we really didn’t want to do that because we listed it to sell,” she said. “We knew things were tough, but the home is a really desirable unit in a neighborhood that rarely has anything come open so we didn’t think it would have any problems selling.”

Taylor, a retired government employee, is getting “more antsy” about selling. Her father passed away last year and her mother is moving to a nursing home that costs $9,000 each month.

With stock wealth being roiled, “it’s getting more and more important to keep her afloat by selling this house,” she said of her mother.

Sellers can opt to keep their asking prices lower after the 10-day sale, according to Coldwell Banker.