Vermilion Realty Blog

February 8, 2010

A Bit Of Irony

Filed under: For Fun — Tags: , — Don Grafues @ 11:37 am
 
The Mortgage Bankers Association was underwater on its loan for their 10 story headquarters building in Washington, D.C. Utilizing a short sale they sold the building for $41.3 million after paying $70 million in 2007.

Many of the members of the Mortgage Bankers Association are credited with the bad lending practices that brought on the current crisis.

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HUD Major Price Reduction

Filed under: HUD — Tags: , — Don Grafues @ 9:10 am
 
4301 S. Silva Drive, Sierra Vista HUD reduced to $77,000.

4301 S. Silva Drive, Sierra Vista HUD reduced to $77,000.

4301 S. Silva Drive, Sierra Vista, Cochise County, AZ. HUD manufactured home with 5 bedrooms and 3 baths. Reduced from $138,600 to $77,000. For additional photos and information click on “Featured Properties” tab or here.

Don Grafues
Resource: HUD
 
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February 7, 2010

HUD Price Reduction

Filed under: HUD — Tags: , — Don Grafues @ 9:10 am
 
4th Street, Douglas HUD home now priced at $66,500

4th Street, Douglas HUD home now priced at $66,500

1304 E. 4th Street, Douglas, Cochise County, AZ.  Site built home, 3 bed/2 bath with bonus room that could be a family room or 4th bedroom. Reduced $9,500 to $66,500. For more photographs and property detail click on the "Featured Properties" tab or click here.

Don Grafues
Resource: HUD
 
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February 6, 2010

Vacancies

Filed under: Market Info — Tags: — Don Grafues @ 11:20 am
 
The Census Bureau released data on the number of vacant homes in the U.S. There were 2.09 million vacant homes at the end of Q3, 2009. This is up from 1.99 million at the end of the prior quarter.

Don Grafues
Resource: REALTOR.org
 
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Interest Rates Hold Steady

Filed under: Rates — Tags: — Don Grafues @ 7:11 am
 
Interest rates were virtually unchanged last week compared to the prior week.
  • 30 year fixed,  5.01 percent, up from 4.98.
  • 15 year fixed,  4.40 percent from 4.39.
  • 1 year adjustable,  4.22 percent from 4.29.
Don Grafues
Resource: REALTOR.org
 
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February 5, 2010

More Homeowners Walk

Filed under: Financing — Tags: , — Don Grafues @ 10:02 am
 
A New York Times article describes how more people are walking away from their mortgage. It seems that the common decision point by a home owner is once your home value reaches 75 percent of the mortgage people walk. When you look at the estimates now coming out that home appreciation will be in around 2 percent per year once the market stabilizes, it will take a number of years to get back to where your home value and mortage owned are equal.

(more…)

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HUD Price Reduction

Filed under: For Sale, HUD — Tags: , — Don Grafues @ 7:24 am
 
 
1111 Hunt Ranch Road, Huachuca City

1111 Hunt Ranch Trail, Huachuca City - now $56,700

Reduced $8,100, 1111 N. Hunt Ranch Trail, Huachuca City, Cochise County, AZ. HUD manufactured home atop a mesa with great views. For additional photos and information click on “Featured Properties” tab or here.

Don Grafues
Resource: HUD
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February 4, 2010

Home Ownership Falling

Filed under: Market Info — Tags: — Don Grafues @ 10:58 am
 
Home ownership is declining. From a high of 69 percent in 2004 the percentage of American home owners fell to 67.3 at the end of 2009. I would expect the percentage will continue to decline in 2010 as home owners who are underwater turn to renting.

Don Grafues
Resource: REALTOR.org
 
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HUD Price Reduction

Filed under: For Sale, HUD — Tags: , — Don Grafues @ 8:18 am
 
390 Danny Lane

390 Danny Lane, Sierra Vista, AZ - now $45,000

Reduced $7,500, 390 Danny Lane, Sierra Vista, Cochise County, AZ. HUD manufactured home near Buffalo Soldier Trail and Fort Huachuca main gate. For additional photos and information click on “Featured Properties” tab or here.

Don Grafues
Resource: HUD
 
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February 3, 2010

Efficient Wind Turbine

Filed under: Uncategorized — Tags: — Don Grafues @ 10:34 am
 
Want to generate a fifth of the electrical energy you use in your home? And do it efficiently and economically?

Check WindTronics’ gearless wind turbine.

 
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