{"id":6716,"date":"2011-05-27T13:20:30","date_gmt":"2011-05-27T18:20:30","guid":{"rendered":"https:\/\/bhgrealestateblog.com\/?p=6716"},"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-29","status":"publish","type":"post","link":"https:\/\/bhgrecareer.com\/bebetterblog\/week-in-review-what-we-liked-from-the-week-that-was-29\/","title":{"rendered":"Week in Review: What We Liked From the Week That Was"},"content":{"rendered":"<p style=\"text-align: justify\">Congratulations to <a href=\"http:\/\/www.nytimes.com\/2011\/05\/26\/us\/26idol.html\">Scotty McCreery<\/a> who took the crown in American Idol\u2019s 10<sup>th<\/sup> season this week.<\/p>\n<p style=\"text-align: justify\">In music to our industry\u2019s ears, <a href=\"http:\/\/online.wsj.com\/article\/SB10001424052702303654804576343620185220728.html?mod=googlenews_wsj\">sales of new homes<\/a> jumped over <a href=\"http:\/\/www.bloomberg.com\/news\/2011-05-24\/sales-of-new-homes-in-u-s-rose-in-april.html\">7{0a8e414e4f0423ce9f97e7209435b0fa449e6cffaf599cce0c556757c159a30c} in April<\/a> from the <a href=\"http:\/\/www.npr.org\/2011\/05\/24\/136610295\/new-home-sales-pick-up-for-second-straight-month\">previous month <\/a>and sales prices are up 4{0a8e414e4f0423ce9f97e7209435b0fa449e6cffaf599cce0c556757c159a30c} from April of 2010. Although the number of properties sold is still far below what is normal in a healthy housing market, it is a welcome move in the right direction.<\/p>\n<p style=\"text-align: justify\">Foreclosures, as we all know, sell at much lower prices than non-distressed homes, approximately 27{0a8e414e4f0423ce9f97e7209435b0fa449e6cffaf599cce0c556757c159a30c} less to be exact. <a href=\"http:\/\/www.thestreet.com\/story\/11134095\/1\/foreclosures-28-of-home-sales-realtytrac.html\">According to RealtyTrac<\/a>, in <a href=\"http:\/\/www.usatoday.com\/money\/economy\/housing\/2011-05-26-foreclosure-discounts_n.htm\">10 cities across the country<\/a>, though, the discount jumps to more than 35{0a8e414e4f0423ce9f97e7209435b0fa449e6cffaf599cce0c556757c159a30c} which is having a substantial <a href=\"http:\/\/money.cnn.com\/2011\/05\/26\/real_estate\/foreclosure_sales_report\/index.htm\">impact on home prices<\/a>. Ohio, Illinois and Kentucky top the list.<\/p>\n<p style=\"text-align: justify\">In a way to lessen the effect of low foreclosure prices weighing down values of comparable homes, Nevada State Sen. Mike Schneider has introduced legislation that would put a mandate on <a href=\"http:\/\/today.msnbc.msn.com\/id\/42849615\/ns\/business-personal_finance\/\">appraisers to ignore<\/a> homes in distress when valuing a non-distressed home\u2019s value. There are many opponents to this, so it will be interesting to watch how it plays out in one of the hardest hit regions of the burst (should we add NV to the list in the previous paragraph?).<\/p>\n<p style=\"text-align: justify\">Retirees are more often hearing the call of the open road. With granite countertops, plasma TVs and hardwood floors as some of the features popping up in luxury RVs, it\u2019s easy to see how life on the road is appealing for boomers, as reported by <em><a href=\"http:\/\/www.smartmoney.com\/retirement\/planning\/luxury-retirement-on-wheels-1306263018641\/?zone=intromessage\">SmartMoney<\/a><\/em>. (<a href=\"http:\/\/www.smartmoney.com\/retirement\/planning\/luxury-retirement-on-wheels-1306263018641\/?link=SM_mostemailed\">View a slideshow<\/a> of some of the finest).<\/p>\n<div class=\"mceTemp\" style=\"text-align: justify\">\n<dl id=\"attachment_6718\" class=\"wp-caption alignleft\" style=\"width: 310px\">\n<dt class=\"wp-caption-dt\"><img fetchpriority=\"high\" decoding=\"async\" class=\"size-medium wp-image-6718\" title=\"Twin Cities Minneapolis-St. Paul - Healthy town U.S.A\" src=\"https:\/\/bhgrecareer.com\/bebetterblog\/wp-content\/uploads\/sites\/11\/2011\/05\/Minneapolis500-300x200.jpg\" alt=\"Twin Cities Minneapolis-St. Paul - Healthy town U.S.A\" width=\"300\" height=\"200\" srcset=\"https:\/\/bhgrecareer.com\/bebetterblog\/wp-content\/uploads\/sites\/11\/2011\/05\/Minneapolis500-300x200.jpg 300w, https:\/\/bhgrecareer.com\/bebetterblog\/wp-content\/uploads\/sites\/11\/2011\/05\/Minneapolis500-100x67.jpg 100w, https:\/\/bhgrecareer.com\/bebetterblog\/wp-content\/uploads\/sites\/11\/2011\/05\/Minneapolis500.jpg 500w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><\/dt>\n<dd class=\"wp-caption-dd\">Twin Cities Minneapolis-St. Paul &#8211; Healthy town U.S.A<\/dd>\n<\/dl>\n<\/div>\n<p style=\"text-align: justify\"><a href=\"http:\/\/yourlife.usatoday.com\/fitness-food\/story\/2011\/05\/Twin-Cities-deemed-healthiest-in-USA\/47469970\/1\">Healthy town U.S.A<\/a>\u2026  The annual American Fitness Index named the Twin Cities Minneapolis-St.  Paul as the healthiest and fittest in the country. Way to go!<\/p>\n<p style=\"text-align: justify\">Time warp\u2026 <a href=\"http:\/\/www.brandchannel.com\/home\/post\/2011\/05\/25\/Brands-do-the-Time-Warp-{0a8e414e4f0423ce9f97e7209435b0fa449e6cffaf599cce0c556757c159a30c}28Again{0a8e414e4f0423ce9f97e7209435b0fa449e6cffaf599cce0c556757c159a30c}29.aspx\">consumer-product companies<\/a> are rolling out retro packaging in hopes to play with consumers\u2019 emotions and drum up a sense of <a href=\"http:\/\/online.wsj.com\/article\/SB10001424052702304066504576343202190467300.html\">nostalgia and excitement. <\/a>How can we take this thinking into selling homes? Maybe drumming up images of the \u201cwhite-picket fence American Dream\u201d will do the trick.<\/p>\n<p style=\"text-align: justify\">Lights, camera, action! The New York Times this week reports the real estate industry is becoming a<a href=\"http:\/\/www.nytimes.com\/2011\/05\/24\/nyregion\/the-appraisal-real-estate-and-reality-tv-intersect.html\"> reality TV star<\/a> in its own right, acting as the backdrop for numerous shows. The programs&#8211; like HGTV\u2019s &#8220;Selling New York&#8221; to Bravo\u2019s \u201cMillion Dollar Listing\u201d&#8211; follow successful brokers as they sell luxury listings, and of course experience major drama along the way. Do you watch?<\/p>\n<p style=\"text-align: justify\">Happy Memorial Day!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Congratulations to Scotty McCreery who took the crown in American Idol\u2019s 10th season this week. In music to our industry\u2019s ears, sales of new homes jumped over 7{0a8e414e4f0423ce9f97e7209435b0fa449e6cffaf599cce0c556757c159a30c} in April from the previous month and sales prices are up 4{0a8e414e4f0423ce9f97e7209435b0fa449e6cffaf599cce0c556757c159a30c} from April of 2010. Although the number of properties sold is still far below what [&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":[1861,1911,15371,19561,19951,20891,26541,27001,27191,28071,35641,37531,38111,39671,42971,44211],"class_list":["post-6716","post","type-post","status-publish","format-standard","hentry","category-commentary","tag-american-fitness-index","tag-american-idol","tag-foreclosures","tag-homes","tag-housing-market","tag-industry","tag-memorial-day","tag-mike-schneider","tag-minneapolis","tag-music","tag-realtytrac","tag-rv","tag-scotty-mccreery","tag-smartmoney","tag-the-new-york-times","tag-tvs"],"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 Homes and Gardens Real Estate Be Better Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/bhgrecareer.com\/bebetterblog\/week-in-review-what-we-liked-from-the-week-that-was-29\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Week in Review: What We Liked From the Week That Was - Better Homes and Gardens Real Estate Be Better Blog\" \/>\n<meta property=\"og:description\" content=\"Congratulations to Scotty McCreery who took the crown in American Idol\u2019s 10th season this week. 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