{"id":6705,"date":"2011-05-20T15:34:59","date_gmt":"2011-05-20T20:34:59","guid":{"rendered":"https:\/\/bhgrealestateblog.com\/?p=6705"},"modified":"2024-12-30T11:12:49","modified_gmt":"2024-12-30T16:12:49","slug":"week-in-review-what-we-liked-from-the-week-that-was-28","status":"publish","type":"post","link":"https:\/\/bhgrecareer.com\/bebetterblog\/week-in-review-what-we-liked-from-the-week-that-was-28\/","title":{"rendered":"Week in Review: What We Liked From the Week That Was"},"content":{"rendered":"<p style=\"text-align: justify\">Between the revelations of <a href=\"http:\/\/www.foxnews.com\/entertainment\/2011\/05\/18\/arnold-schwarzenegger-kept-love-child-secret-years\/\">Arnold Schwarzenegger<\/a>, the allegations against <a href=\"http:\/\/edition.cnn.com\/2011\/CRIME\/05\/19\/new.york.imf.kahn.resigns\/?hpt=T2\">IMF chief Dominique Strauss-Kahn<\/a> and the declarations of <a href=\"http:\/\/nation.foxnews.com\/2012-presidential-race\/2011\/05\/17\/oreilly-race-republicans-and-presidential-election\">2012 Presidential election hopefuls<\/a>, you may have missed news of a widely reported survey that found <a href=\"http:\/\/www.nypost.com\/p\/news\/business\/housing_market_the_pits_survey_0LUnKBoFpmCCL5732uqS1K\">54 percent of respondents<\/a> do not anticipate a real estate recovery until at least 2014.\u00a0 Despite being nearly six years removed from the housing market peak, there is still a lot of pessimism, unfortunately.<\/p>\n<p style=\"text-align: justify\">Much to the surprise of industry watchers, <a href=\"http:\/\/www.usatoday.com\/money\/economy\/housing\/2011-05-19-home-sales-mortgage-rates_n.htm\">sales of previously owned homes<\/a> dropped in April, compared to the <a href=\"http:\/\/www.npr.org\/2011\/05\/19\/136460624\/dips-in-home-sales-key-indicators-cloud-recovery\">prior month<\/a>.\u00a0 Meanwhile, homeowners drove up <a href=\"http:\/\/www.bloomberg.com\/news\/2011-05-18\/u-s-mortgage-applications-rose-7-8-last-week-on-refinancing.html\">mortgage applications 7.8{0a8e414e4f0423ce9f97e7209435b0fa449e6cffaf599cce0c556757c159a30c},<\/a> primarily due to borrowers <a href=\"http:\/\/www.reuters.com\/article\/2011\/05\/18\/us-usa-economy-mortgages-idUSTRE73C1ZG20110518\">refinancing<\/a> in the wake of interest rates at their lowest levels in six months.\u00a0 It surely is a positive sign for a better rebound that so many homeowners are building equity with lower borrowing rates.<\/p>\n<p style=\"text-align: justify\">Apparently the U.S. is a bargain, with <a href=\"http:\/\/blogs.wsj.com\/economics\/2011\/05\/18\/foreign-buyers-getting-firesale-prices-on-u-s-housing\/?mod=google_news_blog\">International buyers<\/a> swooping in and grabbing up <a href=\"http:\/\/www.ibtimes.com\/articles\/148477\/20110519\/us-still-top-spot-for-foreign-property-buyers.htm\">high-end real estate<\/a> across our great country. \u00a0In fact, NAR data this week reported that foreigners spent <a href=\"http:\/\/pptymag.com\/international-buyers-getting-firesale-prices-on-us-homes\/4751\/\">$41 billion on U.S. housing<\/a> in the <a href=\"http:\/\/www.bloomberg.com\/news\/2011-05-18\/u-s-home-purchases-by-internationals-rose-24-in-past-year-as-prices-fell.html\">12 months ended in March 2011.<\/a> This, coupled with purchases by individuals with visas to stay over six months, totaled eight percent of the total housing market activity.<\/p>\n<div class=\"mceTemp\" style=\"text-align: justify\">\n<dl id=\"attachment_6706\" class=\"wp-caption alignleft\" style=\"width: 310px\">\n<dt class=\"wp-caption-dt\"><img fetchpriority=\"high\" decoding=\"async\" class=\"size-medium wp-image-6706\" title=\"A neighborhood or community name may have a significant impact on a home buyer\u2019s decision and price they are willing to pay.\" src=\"https:\/\/bhgrecareer.com\/bebetterblog\/wp-content\/uploads\/sites\/11\/2011\/05\/friendlyplace-300x245.jpg\" alt=\"A neighborhood or community name may have a significant impact on a home buyer\u2019s decision and price they are willing to pay.\" width=\"300\" height=\"245\" srcset=\"https:\/\/bhgrecareer.com\/bebetterblog\/wp-content\/uploads\/sites\/11\/2011\/05\/friendlyplace-300x245.jpg 300w, https:\/\/bhgrecareer.com\/bebetterblog\/wp-content\/uploads\/sites\/11\/2011\/05\/friendlyplace-100x82.jpg 100w, https:\/\/bhgrecareer.com\/bebetterblog\/wp-content\/uploads\/sites\/11\/2011\/05\/friendlyplace.jpg 500w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><\/dt>\n<dd class=\"wp-caption-dd\">A neighborhood or community name may have a significant impact on a home buyer\u2019s decision and price they are willing to pay.<\/dd>\n<\/dl>\n<\/div>\n<p style=\"text-align: justify\">Rain, rain, go away: While many of us have been experiencing a lot of precipitation this past week, the sunshine of summer is just around the corner.\u00a0 To get your house ready for the days of rays, Sara Ruffin Costello writes in <em>The<\/em> <em>Wall Street Journal <\/em>on<em> <\/em><a href=\"http:\/\/online.wsj.com\/article\/SB10001424052748703864204576311680592057162.html\">how to \u201csummerify\u201d your home<\/a>.\u00a0 One of my favorites: bringing live plants, like geraniums or ferns, into the living room.<\/p>\n<p style=\"text-align: justify\">And finally, a neighborhood or community name may have a significant impact on a home buyer\u2019s decision and price they are willing to pay, <a href=\"http:\/\/aux.zicklin.baruch.cuny.edu\/jrer\/papers\/abstract\/new_current\/av33n01\/vol33n01_05.htm\">according to new research.<\/a> The report finds that buyers are willing to pay 4.2 percent more for a property in a subdivision with the word \u201ccountry\u201d in the name and 5.1 percent for the phrase <a href=\"http:\/\/realestate.aol.com\/blog\/2011\/05\/17\/home-values-whats-in-a-neighborhood-name\/\">&#8220;country club.\u201d<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Between the revelations of Arnold Schwarzenegger, the allegations against IMF chief Dominique Strauss-Kahn and the declarations of 2012 Presidential election hopefuls, you may have missed news of a widely reported survey that found 54 percent of respondents do not anticipate a real estate recovery until at least 2014.\u00a0 Despite being nearly six years removed from [&hellip;]<\/p>\n","protected":false},"author":181,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[61],"tags":[2451,6511,8911,11921,12881,19511,19561,20661,20891,21411,27631,28201,28511,29011,32581,33861,33981,35771,37881,43051],"class_list":["post-6705","post","type-post","status-publish","format-standard","hentry","category-commentary","tag-arnold-schwarezenegger","tag-buyers","tag-community","tag-dominique-strass-kahn","tag-elections","tag-homeowners","tag-homes","tag-imf","tag-industry","tag-interest-rates","tag-mortgage","tag-nar","tag-neighborhood","tag-news","tag-president","tag-rates","tag-real-estate","tag-recovery","tag-sara-ruffin-costello","tag-the-wall-street-journal"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Week in Review: What We Liked From the Week That Was - Better 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