Geo Properties Inc.

Archive for September 2009

Sep/09

27

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Sep/09

24

Internationally Speaking

All real estate is local – but not all real estate purchasers are. Buyers from foreign countries continue to account for a significant level of business for many REALTORS®. NAR Research has issued its third annual survey of international home buying activity. Keunwon Chung, Jed Smith and Lawrence Yun report on the level of international clientele, where they are purchasing properties, and some of the challenges REALTORS® and their foreign customers face when buying a U.S. home, below.

International Home Buying: Highlights from NAR’s 2009 Survey

By Lawrence Yun, Jed Smith and Keunwon Chung, NAR Research

International real estate purchases in the U.S. continue to account for a significant share of business for many REALTORS®. Beginning in 2007, NAR Research has surveyed its membership about their level of business with foreign clients; the latest report, The 2009 National Association of REALTORS® Profile of International Home Buying Activity* indicates that while the share of REALTORS® clientele who are from abroad is smaller than in previous years (consistent with other market trends), U.S. real estate remains attractive to international buyers. See full article for highlights from this year’s report.

Click Below for Full Article!

http://go-to.realtor.org/r/RNMIJG/2OEZ6/KED57N/P0VQ0/8XITY/E4/h

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Sep/09

11

Many Experts Support Extending Tax Credit

Real estate professionals and home builders are pushing for an extension and an increase in tax incentives to encourage homebuying. Otherwise, they argue, that it is very likely that the current housing uptick will end on Dec. 1, when the tax credit does.

“The giddiness we see out there [about a recovery] is without merit,” says Richard A. Smith, CEO of Realogy, which is the parent company of Century 21, ERA, Coldwell Banker, and Sotheby’s International Realty.

Not everybody sees things Smith’s way. Michelle Meyer, an economist with Barclays Capital in New York, says that while the tax credit did contribute to an increase in sales, some of the improvement reflects an improving economy.

“Even if you say some of the gain is artificial, it’s still true that we’re seeing an increase in housing demand, and that shows fundamental strength,” she says.

Mark M. Zandi, chief economist at Moody’s Economy.com, ignores this chicken-or-egg argument and points to an analysis he did that suggests increasing the tax credit to $15,000 for all home owners through the end of next year would result in 675,000 additional home sales.

Source: BusinessWeek, Prashant Gopal (09/11/2009)  REALTOR® Magazine-Daily News

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Sep/09

8

The latest at 441 Angell Street

Second and third floor final stages underway!

Angell Street is open to the public during all company business hours and most weekends. Stop by anytime, we would be happy to show you around!

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Sep/09

8

Our Beautiful First Floor Office!

Entrance

EntranceEntrance Hall

Kitchen

Kitchen

Kitchen and Hall

Kitchen and Hall

Master Bath

Master Bath

Three season room

Three season room

Porch entrance

Porch entrance

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