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Useful links:
To learn more about me, my background, my experience, go to: http://www.linkedin.com/in/kangrga .
To look for listings and search for homes, go to : http://www.lkangrga.remaxagent.com/ .
To sign up for the CRS Luxury Home Tour in Ocean City on September 8, go to: www.mddccrs.com .
Have a happy and safe Labor Day weekend.
Best wishes,
Linda
Friday, August 30, 2013
Friday, August 23, 2013
FHA Releases Single Family Loan Performance Trends Report for June 2013
According to their June 2013 report, FHA says:
"There are fewer loans with high risk characteristics
in FHA's portfolio and the impact can be seen in the seriously delinquent rate
of recent originations
·
Loans under 620 have a seriously delinquent
rate of 24.4%
·
Loans of 620 and above have a seriously
delinquent rate of 5.77%
·
Loans under 620 are 12% of FHA's portfolio
and comprise 38% of the seriously delinquent loans
·
Loans of 660 and above are 61% of FHA's portfolio
and comprise 28% of the seriously delinquent loans
·
Loans of 660 and above have a seriously
delinquent rate of 3.72%
·
FHA's worst performing books are getting
smaller as a percentage of FHA's portfolio
·
FHA's 2005 - 2007 books are only 7% of their
portfolio and 2008 is 5.9% of its portfolio.
·
Downpayment assistance loans are only 4.3%
and have seriously delinquent rate of 23.28%
·
New 90+ day delinquencies are lower now than
any period since 2008
·
Condominiums have a lower
seriously delinquent rate (7.29%) than the FHA average (8.38%). Single
family detached homes have a S/D rate of 8.06%."
I am feeling much better about this. The market has been telling us this all year, but it is nice to have statistics to back it up!
Enjoy the remainder of your Summer!
Enjoy the last few days of your summer
The Market slowed a bit during the summer but continues to be the best real estate market in at least 7 years. Rates are still low and Sellers get it that homes need to be recently updated and well maintained or sell for less. Buyers understand that they have to have some money saved and excellent credit to take advantage of the best values in a long while. All around a great time to move, including lower closing costs relative to when sales prices were higher as commissions and transfer taxes are based on percentages of the sales price. Have a great summer and I am here if you want to discuss your next move.
Thursday, August 8, 2013
So we Moved!
"Dear Goodness Gracious", as my mother used to say! Moving is so much harder than it looks and is so much more time consuming. I would imagine that is partly due to the fact that one cannot see the many complexities involved in planning and executing a move all in one look or glance in time.
My office moved back to its old digs at the Columbia Lakefront near Lake Kittimaqundi in April. What were they thinking? It gets us back on the ground floor which is good in the real estate business and I am settling in. I personally did not have a lot to move as my primary office is and always has been at home. Last Thanksgiving I moved my office into a separate room for the first time ever in my home. What a difference! Still a lot of work. New connections, equipment, new hiding places for things I need and cannot find. So organized. Just got that sorted out and our office moved, including replacing our printers and updating our computers which of course meant delays and confusion, but miraculously I had the best Spring in my 30 year career and I want to thank all those who have worked with me this year to buy or sell real estate. You are all awesome and I am loving my job!
As systems improve and processes are mechanized and computerized, our office is getting into the 21st century by shifting to DOTLOOP which will allow my office to find new ways to go paperless. It presents challenges as those of us who have seen contracts mushroom from 3 pages to over 50 have to leave the carbon paper of the 80's behind and learn to fill out and sign the on-line forms of today. When ever it takes me twice as long to prepare an offer than it did in the past, I remember that I am not having to get in my car and drive to 5 different real estate offices to get 5 different sets of keys to 5 different properties to show buyers who would show up after I had collected all the keys, then I had to keep them separate and not loose them before returning them all to the correct offices after the prospective buyers had left my office. That is what helps me look forward to the new challenges in the world of real estate. As my mother used to say, "Never a dull moment!" Enjoy the rest of your Summer!
P.S. I have not had time or the ingenuity to replace the old office address on this blog with the new one.....maybe over the winter I will get to that! Phone numbers are the same though!
My office moved back to its old digs at the Columbia Lakefront near Lake Kittimaqundi in April. What were they thinking? It gets us back on the ground floor which is good in the real estate business and I am settling in. I personally did not have a lot to move as my primary office is and always has been at home. Last Thanksgiving I moved my office into a separate room for the first time ever in my home. What a difference! Still a lot of work. New connections, equipment, new hiding places for things I need and cannot find. So organized. Just got that sorted out and our office moved, including replacing our printers and updating our computers which of course meant delays and confusion, but miraculously I had the best Spring in my 30 year career and I want to thank all those who have worked with me this year to buy or sell real estate. You are all awesome and I am loving my job!
As systems improve and processes are mechanized and computerized, our office is getting into the 21st century by shifting to DOTLOOP which will allow my office to find new ways to go paperless. It presents challenges as those of us who have seen contracts mushroom from 3 pages to over 50 have to leave the carbon paper of the 80's behind and learn to fill out and sign the on-line forms of today. When ever it takes me twice as long to prepare an offer than it did in the past, I remember that I am not having to get in my car and drive to 5 different real estate offices to get 5 different sets of keys to 5 different properties to show buyers who would show up after I had collected all the keys, then I had to keep them separate and not loose them before returning them all to the correct offices after the prospective buyers had left my office. That is what helps me look forward to the new challenges in the world of real estate. As my mother used to say, "Never a dull moment!" Enjoy the rest of your Summer!
P.S. I have not had time or the ingenuity to replace the old office address on this blog with the new one.....maybe over the winter I will get to that! Phone numbers are the same though!
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