Jim Cramer's Blog
Approximately 1.1 million homes in the U.S. were in some stage of foreclosure in March, down 23 percent from March 2012 when 1.5 million homes were in foreclosure, according to the latest foreclosure report by CoreLogic.
According to CoreLogic, an estimated 55,000 homes completed the foreclosure process in March, down 16 percent from a year ago when 66,000 homes were foreclosed, but up from 52,000 in February. Since foreclosure activity peaked in 2010, completed foreclosures have fallen 52 percent.
Homebuyers are feeling more confident about the recovery of the residential real estate market, according to a new survey from real estate firm Redfin.
Redfin, a technology-powered real estate broker, found 71 percent of homebuyers believe that home prices will increase in their neighborhood in the next year, up from 61 percent last quarter.
“Redfin expects the 2013 home-buying season to kick off early in January with very strong demand, which, paired with low inventory, will cause prices to continue to rise steadily into spring,” a statement from the company said.
Low inventory has remained a constant source of frustration among homebuyers for nearly all of 2012. Nearly 60 percent of homebuyers said their chief concern about purchasing a home was the smaller number of homes to choose from.
Only five percent of respondents surveyed said they are concerned about the Fiscal Cliff and possible changes to the Mortgage Interest Deduction.
Tips for A Happy and Safe Holiday Season
It's that time of year again. The holidays are filled with all sorts of fun activities and while we're busy shopping and celebrating, there are potential hazards lurking in unexpected places. This is the perfect time to do a few safety checks. Follow these tips to insure that your holidays are safe and stress free.
Housing Market Posts Gains -
Sales of previously owned homes were stronger than expected in October, putting them on track to hit their highest annual level since 2007.
Existing homes sold at a seasonally adjusted annual rate of 4.79 million units in October, the second-highest level of the year and up 2.1% from September, the National Association of Realtors said Monday. October's level represented a 10.9% gain from a year earlier and was the 16th consecutive month of year-over-year home-sales gains.
Prices are rising amid sharp declines in the number of homes listed for sale. Just 2.14 million homes were for sale at the end of October, down 22% from one year ago to the lowest level in a decade, according to NAR estimates.
Jim Cramer of EXIT PREFERRED REALTY Awarded OICP Designation
Joan Smith, Broker/Owner of EXIT PREFERRED REALTY is proud to announce that Jim Cramer
Earns the Own America Investment Certification and joins the Own America Network, a national affiliation of Real Estate Investment Specialists. This move allows Jim Cramer to offer analysis tools, tutorial and video training series to clients during one of the biggest real estate investment booms in history. Joan believes this program really sets our people apart when it comes to helping investors make the most of the excellent opportunities in today’s market.
“The market is great for investors, but investing in real estate is quite different than traditional home buying and selling,” explains, Jim Cramer. Using this program, real estate investors are guided down the right path and are providing with the resources to make investing a simple, profitable and even fun experience.
Jim has over 20 years of personal and professional Real Estate experience. Specializing in First Time Home Buyers in addition to Short Sale / Pre-foreclosure clients Jim takes a great deal of satisfaction from helping those who thought there was no hope. He believes that education is paramount to exceeding his clients’ expectations. To that end Jim has advanced his Real Estate education earning the SFR designation. He has both AS and BS degrees in Management with a concentration in Psychology that has provided a solid foundation on which his Real Estate career has been built. As a former IT Manager Jim understands and uses the latest Internet technologies to Market and find homes at an expert level.
Jim is a member in good standing of the Pen-Mar Association of Realtors, Pennsylvania Association of Realtors (PAR), and the National Association of Realtors (NAR) in addition to the MRIS and RAYAC Multiple Listing Services.
Jim can be contacted at: EXIT PREFERRED REALTY, 717-762-8000, 717-8630-5591 or jimcramer@exitpreferredrealty.com
For all the focus we put on buying and selling, the fact is, most of your time spent as a real estate consumer will be as a homeowner. And since a home is more than an asset to be traded and tweaked just for financial reasons, it makes sense to spend some time and energy making it work for you now. Haven't saved up for a major remodel? There are still plenty of lower-cost projects that can crank up your current home enjoyment factor. Check out 10 things you can do for $10K, if you’re in your home and planning to stay a while.
Commercial Real Estate is Showing Improvement
The real estate recovery is set to advance in 2013 as modest gains in leasing, pricing and rents are extending across U.S. markets from coast-to-coast and improve prospects for all property sectors, according to the findings. REITs are also advancing.
Housing market optimism surges in national survey
Oct 10, 2012 06:00 am | Diana Dietz
Results from Fannie Mae's September 2012 National Housing Survey show Americans' optimism about the recovery of the housing market continues its gradual climb.
We Heard About Big Bird but What About Housing?
In last night's first presidential debate, the candidates made just two mentions of housing: acknowledging the market is improving and talking about policies to prevent the next crisis. Neither mentioned a word of any housing related hot button issues. Well, why not?
Find out the 3 primary reasons »
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