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Connie Erickson's Blog

Connie Erickson

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Displaying blog entries 781-787 of 787

Extension of Tax Credit and Flood Insurance

by Connie Erickson

After a close brush with the deadline, Congress has passed an extension of the Homebuyer Tax Credit closing deadline, the Homebuyer Assistance and Improvement Act (H.R. 5623). The extension applies only to transactions that have ratified contracts in place as of April 30, 2010 that have not yet closed. The legislation is designed to create a seamless extension the new closing deadline for eligible transactions is now September 30, 2010. There is will be no gap between June 30 and the date the President signs the bill into law.

NAR worked closely with Congressional leaders on both sides of the aisle to enact this important legislation. Extending the Tax Credit Closing deadline will help provide additional stability to real estate markets across the nation.

For additional information on the extension visit
www.realtor.org/government_affairs

Additionally, the United States Senate has passed the National Flood
Insurance Program Extension Act of 2010 (H.R. 5569) an extension of the
National Flood Insurance Program until September 30, 2010. This will allow
transactions to move forward. The bill is retroactive and covers the lapse
period from June 1, 2010 to the date of enactment of the extension.

For more information on the flood insurance program visit
www.realtor.org/government_affairs

Provided to Connie from the Door County Board of REALTORS

White Gull Inn's French Toast Nominated Best in U.S.!

by Connie Erickson
google map to real pro systems 

White Gull Inn's Cherry Stuff French Toast Nominated for Best in U.S.!

 

Tune in to Good Morning America

 

Saturday, May 15th

First Quarter 2010 Door County Real Estate Market Update

by Connie Erickson
 
.

In reviewing Door County's first quarter market statistics, I find it interesting that for the first time (as long as I can remember), the List Price to Sales Price (LP/SP) statistic has decreased below 90% in ALL property types except condominiums. Door County's LP/SP statistics have held in the 90% bracket until now.

The time it takes to get a property sold (TOM) is on average 1.5 years. Take note, vacant waterfront lots took, on average, 1,036 days to sell!

The market is the market. We cannot change it, but by understanding it, we can position ourselves to make the best of it. Knowledge is key!

Visit my web site often to stay on top of Door County's real estate market: www.ConnieErickson.com

I post updated Door County real estate market statistics quarterly and am available to discuss current market conditions anytime. I welcome your call or e-mail. I love talking real estate!

Markets Even Out Over the Long Term

by Connie Erickson
google map to real pro systems

In a recent article entitled, "Markets Even Out Over the Long Term", published by the National Association of REALTORS, Lawrence Yun, chief economist of the National Association of REALTORS stated:

"…With about 4 million births, 2 million deaths, and 1 million newly arriving immigrants in the United States each year, there will be a steady demand for homes over time. Historically, the net number of home-owning households rises by 1 million each year. The 2 million weddings and 1 million divorces each year also add to changes in living patterns. Furthermore, home owners look for a new place to live every seven to 10 years on average. As a result, over the next 10 years, we can expect anywhere from 50 million to 70 million home sales..."

You can stay on top of Door County’s real estate market conditions by visiting my web site.

2009 Profile of Buyers and Sellers

by Connie Erickson
google map to real pro systems

2009 Profile of Buyers and Sellers

1. New home construction and sales were down significantly during the recession, and home buyers purchased a high share of previously owned homes than at any point during the past decade.
2. Nationally home buyers moved a median 12 miles from their previous residence. There are slight regional differences. Buyers in the South moved a median of 13 miles from their previous residence, while buyers in the Northeast and Midwest typically moved 10 miles.
3. The typical home purchased was built in 1991.
4. Home buyers typically spend 12 weeks searching for a home and looked at 12 homes before deciding on their purchase. Before contacting and agent, home buyers spent about two weeks gathering their own information on the homes.
5. Internet users spent twice as much time searches for a home and visit three times as many homes. Connie with an upfront consultation appointment can cut that time in half because of her knowledge of the market. That way you have more time to enjoy the arts, crafts and environmental activities in Door County.
6. 9 out of 10 home buyers use the internet as one of the information sources in their home search process. A real estate agent is the second most frequently sided information source. The third most frequently used source is a yard sign.
7. In 2009, 13% of home buyers had a purchased agreement that was cancelled, terminated, or fell through. 90% of the buyers in their home search process used the internet, up 30% during the past 6 years.
8. 79% of home buyers using the internet bought their home through an agent.
9. First time buyers are less likely to use REALTOR.com than repeat buyers.

How do buyers find a real estate agent:

1. 44% used a referral.
2. 10% use of an agent previously.
3. First time buyers tend to rely more on referrals (53%).
4. Repeat buyers are more likely to revisit and agent they have used before.
5. When choosing a real estate agent buyers rate honesty and trustworthiness as the two most important factors in selecting and agent.
6. 66% of home buyers indicated they would defiantly use the real estate agent again or recommend the agent.
7. An additional 22% said they would probably use the same agent or recommend the agent.

Source: National Association of REALTORS

From the Lender's Point of View

by Connie Erickson

On February 11, 2010, my friend and local lender, Laura Seefelt of Johnson Bank spoke with me about 2010, home loan interest rates and what we're in for this year. It is a good time to invest in Door County real estate.

Door County's "Tug-Tanic" is Raised!

by Connie Erickson
google map to real pro systems 

DOOR COUNTY'S "TUG-TANIC" IS RAISED

Updated Photo & Information on the
Tugboat that sank New Year's Week End in Egg Harbor

This 52' tug was taken out of the Marina today and they still don't know why it sank - another tug boat towed it out of Egg Harbor this am.

Displaying blog entries 781-787 of 787

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Photo of Connie Erickson Real Estate
Connie Erickson
Door County Realty, Inc.
Po Box 340 - 4027 Main Street
Fish Creek WI 54212
Office: 920-868-2075
Toll Free: 888-678-3949
Fax: 920-868-2425

Integrity...Trust...Service...Excellence
These Are Connie Erickson's Core Values

RESULTS WITH INTEGRITY
and
The Best In Personal Service