<rss version="2.0"><channel><title>Dan  Hechtkopf's Blog</title><link>http://www.condo.com/Community/UserBlogPage.aspx?ID=17902</link><description>Dan  Hechtkopf's Blog, Courtesy of Condo.com</description><language>en</language><copyright>&amp;copy;2009 US Condo Exchange, LLC.</copyright><pubDate>Wed, 26 Dec 2007 20:27:16 GMT</pubDate><lastBuildDate>Wed, 26 Dec 2007 20:27:16 GMT</lastBuildDate><item><title>Real estate sales and advertising enter cyberspace</title><link>http://www.condo.com/Community/UserBlogPost.aspx?ID=1400</link><guid isPermaLink="false">ab7f4037-ac18-467f-82a1-84b0ce72df73</guid><pubDate>Wed, 26 Dec 2007 20:27:16 GMT</pubDate><description><![CDATA[<p class=head><font class="">NY TIMES NEWS SERVICE, NEW YORK </font><br>Monday, Dec 17, 2007, Page 10 </p>
<p>A condominium building under construction in Brooklyn has its own MySpace page. "Scorpio" structure seeks "great people from the Metro area, and beyond, that want to live in a thriving community." 
<p>Some garden apartment rentals in New Jersey and a condo complex in Orange County, NewYork, have their own blogs. 
<p>In Stamford, Conneticut, the developer of a super-high-end condo tower is eschewing use of free classified-ad listings on craigslist.com to lure buyers, since "every mom-and-pop building these days is doing it." 
<p>But the company is putting big money into a virtual tour for its project Web site. 
<p>"A lot of people do all their home shopping online, start to finish," said Kelly Marzullo of Core Marketing Group, which is using the Web to promote various Manhattan buildings and the Peninsula at City Place in Edgewater, New Jersey. "A US$15,000 ad in the Sunday paper just won't get you anywhere anymore. People like to know everything about a building before they come in -- or at least have a taste and a feel." 
<p>Her Manhattan-based company does advertise properties on craigslist, building in links to Web pages that may include photographs, digital drawings, video, floor plans and the range of asking prices. 
<p>In New Jersey, Marzullo said, she sees digital marketing appealing mainly to the young and Web-smart people who might pull up to a building on a motorcycle with a Blackberry in their pocket. 
<p>But Jason and Bobby Schlesinger, principals of Ceebraid-Signal, which is putting up the Highgrove condo in Stamford where the starting price is US$1.4 million, beg to differ. 
<p>"One might make the mistake that the empty-nester clientele is not Internet-savvy, but we find more and more of our mature buyers come in with highly specific questions, having already done their research online," Jason Schlesinger said. 
<p>The Schlesingers said they were shelling out well over US$100,000 on a two-and-a-half minute video to be posted on the Highgrove Web site. 
<p>They are keeping their budget for print ads, they said, because the primary ways people first hear about a project continue to be traditional -- signs, newspapers and home magazines. 
<p>So are other developers in the tristate area; these include Savanna Partners, which is building 125 North 10th Street, a complex in Williamsburg, Brooklyn, being promoted on MySpace, and Robert Martin Co, which is converting an old pencil factory in Jersey City into the Residences at Dixon Mills. 
<p>Nationally, however, real estate companies are spending 26 percent more on online advertising this year, even as total real estate ad spending declined 3 percent, research company Borrell Associates said. 
<p>Bobby Schlesinger says the main point of creating the online video of the Highgrove is to showcase its exterior design and amenities. The building, set in downtown Stamford, was designed by Yale University's dean of architecture, Robert Stern, and will offer fitness facilities, a wine cellar and tasting rooms and an indoor pool with a retractable roof. 
<p>Once people sample the wares online, a contract can follow amazingly fast, both developers and shoppers said. 
<p>Heath Waldorf was dead set on not paying a broker's fee to find a two-bedroom place for himself and his fiancee, Nicole Lelchuk, in Hoboken. So he spent more than a month last summer visiting buildings that had signs and checking out ads in the paper, before hitting on the idea of craigslist, where he had shopped for Yankees tickets and once sold a piece of furniture. 
<p>Instantly, Waldorf spied an ad for a rental at the Upper Grand development -- which, as it turned out, had been posted only 10 minutes before. It was for a two-bedroom, two-bathroom apartment in a new elevator building with a gym, offering hardwood floors, walk-in closets, stainless steel appliances -- and a balcony, something Waldorf had his heart set on. 
<p>Waldorf got up and rushed over. 
<p>"Because of the slow market they were offering 13 months for the price of 12, and waiving the US$350 amenities fee," he said. 
<p>A handful of large developers, WCI and Lennar among them, are even starting to offer Web-trolling buyers instantaneous "live chat" with sales agents -- 24 hours a day. 
<p>WCI, which has developments of all sizes, types and price ranges around the Northeastern US and Florida, strives to make a captivating "first impression" with its interactive site, said Gabe Pasquale, its chief marketing officer. 
<p>Users who proceed to click on developments in a particular state, or of a specific type, view an online brochure and then can click to chat or be hooked up with a sales agent. 
<p>"We're selling a lifestyle with each project and people want specifics before they invest any significant amount of time," Pasquale said. <br></p>]]></description></item><item><title>Sopranos' Landmark Demolished for Condos</title><link>http://www.condo.com/Community/UserBlogPost.aspx?ID=1347</link><guid isPermaLink="false">263ae875-8a5c-4cfc-956f-2f5f76112061</guid><pubDate>Tue, 13 Nov 2007 19:15:42 GMT</pubDate><description><![CDATA[<h1><font size=1><span class=byline>By JANET FRANKSTON LORIN, Associated Press Writer</span> <span class=timestamp>Yesterday at 7:31 am</span></font> </h1>
<p>Eight months ago, <a href="http://us.lrd.yahoo.com/_ylt=AvPSFqaYAMNlH3xEzfH4pDCP2KwB/SIG=11a8bec4m/**http%3a//tv.yahoo.com/contributor/28686" rel=entity_markup><u><font color=#0000ff>James Gandolfini</font></u></a> drove his white SUV out of the parking lot of Satriale's for the last time, as HBO wrapped up the final season of "<a href="http://us.lrd.yahoo.com/_ylt=Ak9Irtiamm9te3QxuPjRMn2P2KwB/SIG=111lr24kb/**http%3a//tv.yahoo.com/show/218" rel=entity_markup><u><font color=#0000ff>The Sopranos</font></u></a>."</p>
<p>Now, the building has followed the same fate as the popular show.</p>
<p>It's gone.</p>
<p>Last month, owner Manny Costeira demolished the structure, home to a fictional pork store where TV mobster Tony Soprano and his Jersey crew hung out on the acclaimed mob drama. On TV, a life-sized pig sat atop the building.</p>
<p>"We whacked the pork store," said Costeira, who leased the empty building to HBO.</p>
<p>Nine condo units will replace former storefront. The project is called "The Soprano," and prices range from $325,000 to $385,000. Construction is expected to start in the spring and would be finished in about a year.</p>
<p>Costeira said he can't sign any contracts because he hasn't received permits; he said he has commitments for at least three units and a waiting list for the rest.</p>
<p>The show, now popular in reruns, was mostly filmed at a New York City sound stage, but many scenes were shot across the Garden State to provide a real Jersey feel. Several sites, including the fake pork store, were shot in Kearny, a working-class town across the Passaic River from Newark and about nine miles west of Manhattan.</p>
<p>Now that Satriale's has been demolished, Costeira has been using the Internet to hawk chunks of cast stone from the facade. He said he's already sold about 1,000 pieces in two sizes, for $25 and $50, to fans as far away as Ireland and New Zealand.</p>
<p>The 2-inch-square smaller chunks are mounted on a black wooden block with an "authentic porkstore" name plate. A "certificate" that accompanies the larger chunks, about a 5-inch-square, promising it came from the building that once stood as "the familiar location of the fictional Satriale's pork store featured on the hit HBO television series '<a href="http://us.lrd.yahoo.com/_ylt=AoPEbmN1eGTb65Jp7ND5B8GP2KwB/SIG=111lr24kb/**http%3a//tv.yahoo.com/show/218" rel=entity_markup><u><font color=#0000ff>The Sopranos</font></u></a>.' "</p>
<p>"It's quite a little gag gift," Costeira said. "For a real Sopranos fan, it's a real piece of the show. It's a piece of television history."</p>
<p>And the demolished building represents one less piece of television history seen on a popular bus tour of "Sopranos" sites in north New Jersey.</p>
<p>"The loss of Satriale's of course disappoints a few of our guests, but we always make the effort to keep the route evolving to include additional locations and enrich the experience however we can," said tour guide Marc Baron.</p>
<p>Instead of the fake pork store, which was always shuttered, the tour now includes a trip to the Holsten's, a real-life Bloomfield ice cream parlor where the series' final scene was filmed.</p>
<p>"They now sample onion rings at Holsten's, and sit in the booth that Tony sat in," Baron said.</p>]]></description></item><item><title>When It Takes a Miracle</title><link>http://www.condo.com/Community/UserBlogPost.aspx?ID=1308</link><guid isPermaLink="false">60a763da-88a7-4daa-b524-9ce845187c80</guid><pubDate>Wed, 31 Oct 2007 20:00:54 GMT</pubDate><description><![CDATA[<h1><b><span style="COLOR: #666666"><font size=3><font face="Times New Roman">Owners, Realtors Bury Statues Of St. Joseph to Attract Buyers; Don't Forget to Dig Him Up</font></font></span></b></h1>
<p><b><span style="FONT-SIZE: 9pt"><font color=#000000><font face="Times New Roman"><span id=byl>By SARA SCHAEFER MUÑOZ<br><span class=atime1><i>October 30, 2007;&nbsp;Page&nbsp;D1</i></span></font></font></span></b></p>
<p class=times><font size=3><font color=#000000><font face="Times New Roman">Cari Luna is Jewish by heritage and Buddhist by religion. She meditates regularly. Yet when she and her husband put their Brooklyn, N.Y., house on the market this year and offers kept falling through, Ms. Luna turned to an unlikely source for help: St. Joseph.</font></font></font></p>
<p class=times><font size=3><font color=#000000><font face="Times New Roman">The Catholic saint has long been believed to help with home-related matters. And according to lore now spreading on the Internet and among desperate home-sellers, burying St. Joseph in the yard of a home for sale promises a prompt bid. After Ms. Luna and her husband held five open houses, even baking cookies for one of them, she ordered a St. Joseph "real estate kit" online and buried the three-inch white statue in her yard.</font></font></font></p>
<p class=times><font size=3><font color=#000000><font face="Times New Roman">"I wasn't sure if it would be disrespectful for me, a Jewish Buddhist, to co-opt this saint for my real-estate purposes," says Ms. Luna, a writer. She figured, "Well, could it hurt?"</font></font></font></p>
<p class=times><font size=3><font color=#000000><font face="Times New Roman">With the worst housing market in recent years, St. Joseph is enjoying a flurry of attention. Some vendors of religious supplies say St. Joseph statues are flying off the shelves as an increasing number of skeptics and non-Catholics look for some saintly intervention to help them sell their houses.</font></font></font></p>
<p class=times><font size=3><font color=#000000><font face="Times New Roman">Some Realtors, too, swear by the practice. Ardell DellaLoggia, a Seattle-area Realtor, buried a statue beneath the "For Sale" sign on a property that she thought was overpriced. She didn't tell the owner until after it had sold. "He was an atheist," she explains. "But he thanked me."</font></font></font></p>
<p class=times><reprintsdisclaimer><font size=3><font color=#000000><font face="Times New Roman">Existing-home sales fell 8% in September to a seasonally adjusted annual rate of 5.04 million units, the lowest level in nearly 10 years, according to the National Association of Realtors.</font></font></font></p>
<p class=times><font size=3><font color=#000000><font face="Times New Roman">Statues of St. Joseph sold online can be as tall as 12 inches. One, made of colored resin, portrays St. Joseph cradling the baby Jesus. Yet most home sellers favor the simpler three- or four- inch replicas -- most of which are made in China and often depict St. Joseph as a carpenter.</font></font></font></p>
<p class=times><font size=3><font color=#000000><font face="Times New Roman">Most statues come in a "Home Sale Kit" that is priced at around $5 and includes burial instructions and a prayer. One site, Good Fortune Online, recently added another kit with a statue of St. Jude -- known as the patron saint of hopeless causes -- "to help those with a difficult property to sell," the site says. Another site, Stjosephstatue.com, takes orders for its "Underground Real Estate Agent Kits" at 1-888-BURY-JOE.</font></font></font></p>
<p class=times><font face="Times New Roman" color=#000000 size=3>Demand for the statues has been growing. Ron Weissman, who sells the statues at Good Fortune Online, says about six months ago he switched to online transactions because the increase in calls -- from about two a week to 25 calls a day -- was too much to handle. Richard Weigang, owner of </font><a href="http://www.catholicstore.com/"><u><font face="Times New Roman" color=#0253b7 size=3>www.catholicstore.com</font></u></a><font size=3><font color=#000000><font face="Times New Roman"><sup>3</sup>, says he sells about 400 statues a month, double the amount he sold a year ago.</font></font></font></p>
<p class=times><font size=3><font color=#000000><font face="Times New Roman">In Catholicism, St. Joseph, a carpenter, is honored as the husband of Mary and foster father of Jesus. Representing a humble family man, he is the patron saint of home, family and house-hunting, according to the Rev. James Martin, a Jesuit priest and author of "My Life With the Saints." Popular belief holds that people who wish to enlist St. Joseph's help in selling a house should bury his replica upside-down in the yard. (Apartment dwellers are advised to put him in a potted plant.)</font></font></font></p>
<p class=times><font size=3><font color=#000000><font face="Times New Roman">Methods of burying the statue vary. Instructions in one package give buyers several options, including burying it upside-down next to the "For Sale" sign, burying it three feet from the rear of the house and burying it next to the front door facing away from the home. Phil Cates, owner of stjosephstatue.com, says: "I've seen it buried in all types of places with all types of ceremonies." He says the detailed burial instructions are largely intended to prevent people from forgetting where they put their St. Joseph. (His kits advise burying it facing it away from the house, to symbolize leaving.)</font></font></font></p>
<p class=times><font size=3><font color=#000000><font face="Times New Roman">Theologians say there's no official doctrine that calls for the statue's interment. The practice may have stemmed from medieval rites of land possession, in which conquerors claimed land by planting a cross or banner, says Jaime Lara, associate professor of Christian Art and Architecture at Yale Divinity School. Mr. Lara also suggests that the tradition may have gotten mixed up at some point with folklore surrounding St. Anthony. St. Anthony, known as a matchmaker, would often be held ransom, upside-down, until he found a husband for someone's daughter, he says.</font></font></font></p>
<p class=times><font size=3><font color=#000000><font face="Times New Roman">Some clergy aren't sure how St. Joseph would feel about his replica ending up on its head in the dirt, and suggest displaying it somewhere in the house instead.</font></font></font></p>
<p class=times><font size=3><font color=#000000><font face="Times New Roman">"I think it's much more respectful than burying the poor guy," says Msgr. Andrew Connell, the archdiocesan director of the Pontifical Society for the Propagation of the Faith in Boston. Some retailers, such as Mr. Weigang, owner of www.catholicstore.com, also encourage buyers to put the statues in the house.</font></font></font></p>
<p class=times><font size=3><font color=#000000><font face="Times New Roman">"We don't advocate burying," he says. "Some of those statues are quite beautiful."</font></font></font></p>
<p class=times><font size=3><font color=#000000><font face="Times New Roman">Catholic leaders also say that faith and devotion are necessary, in addition to burying a statue, otherwise the practice amounts to little more than superstition or magic. But they are also enjoying the saint's newfound popularity. "If they have a good result and they think it was St. Joseph, it might inspire them to practice more," says Msgr. Connell.</font></font></font></p>
<p class=times><font size=3><font color=#000000><font face="Times New Roman">Once someone's home sells, the custom holds, the statue should be dug up and put in a place of honor in the new home. That's what Ms. Luna did after she and her husband sold their house shortly after burying St. Joseph. She put the statue in her office in their new home in Portland, Ore.</font></font></font></p>
<p class=times><font size=3><font color=#000000><font face="Times New Roman">But not everyone is aware of the follow-up step. Trudy Lopez and her husband buried a statue of St. Joseph when they were trying to sell their condo, even though Ms. Lopez is Jewish and her husband is a nonpracticing Catholic. They sneaked out late at night, worried they might be breaking a condo association rule.</font></font></font></p>
<p class=times><font size=3><font color=#000000><font face="Times New Roman">"And I'm thinking, 'If my family knew what I am doing, they'd die,'&nbsp;" she says.</font></font></font></p>
<p class=times><font size=3><font color=#000000><font face="Times New Roman">Soon they got an offer, but didn't realize they were supposed to bring the statue with them to their new home.</font></font></font></p><span style="FONT-SIZE: 12pt; FONT-FAMILY: 'Times New Roman'"><font color=#000000>"I'm afraid a lot of the statues won't be unearthed and someone will go over St. Joseph's feet with a lawnmower," says Father Martin.</font></span></span>]]></description></item><item><title>Manhattan housing boom continues!</title><link>http://www.condo.com/Community/UserBlogPost.aspx?ID=1252</link><guid isPermaLink="false">88ed06f6-4f24-40ff-ad6a-611be92229ab</guid><pubDate>Wed, 10 Oct 2007 17:36:30 GMT</pubDate><description><![CDATA[<h2 class=storysubhead><font size=2>Even though the rest of the country may feel the squeeze of the housing slowdown, it hasn't fazed the Big Apple.</font></h2>
<div class=storybyline>By Keisha Lamothe, CNNMoney.com staff writer</div>
<div class=storytimestamp>October 2 2007: 12:26 PM EDT</div>
<div class=storytext>
<p>NEW YORK (CNNMoney.com) -- Despite a housing slump across the rest of the nation, home sellers in New York City are selling houses faster with the number of listings reaching a two-year low, according to data released Tuesday.</p>
<p>Prudential Douglas Elliman reported that inventory in Manhattan fell 31.7 percent to 5,204 units in the third-quarter from a year-ago total of 7,623 units, while units stayed on the market for 123 days, faster than the 150 days seen in the same period last year.</p>
<p>The broker reported that the number of sales increased 65.6 percent this quarter to 3,499 units as compared to the 2,113 units sold a year ago. In similar quarterly reports from Brown Harris Stevens, Halstead Property and the Corcoran Group, all three brokers also reported shrinking inventory.</p>
<p>Market-wide, a Manhattan apartment sold for between a median price of $815,000 and $895,000 during the three months ended September 30. The low estimate was reported by Halstead and Brown Harris Stevens, while Prudential Douglas Elliman pegged it at $864,000. Corcoran recorded the high figure among the group.</p>
<p>"There are always concerns that a lot of people [looking for real estate] will continue to be priced out, but the median price is only [$815,000] which means that half of the sales are below that," said Greg Heym, chief economist at Brown Harris Stevens and Halstead.</p>
<p>Corcoran Group reported that the average (mean) price of an apartment in Manhattan jumped to $1.41 million, up 14 percent from the same quarter last year. Prudential Douglas Elliman reported $1.37 million. Brown Harris Stevens and Halstead reported $1.32 million.</p>
<p>"New Yorkers are clearly confident that their homes will retain their value," said Pam Liebman, chief executive of Corcoran. "It was the only market to see price increase and inventory decrease."</p>
<p>Corcoran recorded the highest average condo price of $1.65 million, a jump of 18 percent from a year ago. The median price of a condo hit $1.15 million, up 15 percent from a year ago.</p>
<p>"The economy is very strong, and rental prices are high, which makes it a much wiser decision to buy versus rent," said Liebman.</p>
<p>Miller said that Manhattan's real estate market has been helped by the financial services industry, which has had four consecutive years of Wall Street bonus increases with the last 2 years at record levels. He also said a falling dollar brought a lot of foreign development to New York.</p>
<p>Corcoran also reported the highest cooperative prices in Manhattan at an average of $1.16 million, up 10 percent from a year ago. Median coop prices rose 7 percent to $695,000.</p>
<p>"A lot of people have been disappointed [in the rising prices], but we're going to need something significant to happen before prices start to decline." said Heym.</p>
<p>Even though home buyers nationwide have struggled with a housing slump, the Manhattan market is unique, according to Liebman. The city's real estate market doesn't share the rest of the nation's problems, because the rules for getting an apartment already weed out a number of unqualified buyers. "Co-ops are stricter than banks," she said.</p>
<p>For potential buyers hoping prices will fall in the near future, New York's continued economic strength is unlikely to provide any relief. "You will only have a downturn when a large number of people need to sell," said Heym.</p></div>]]></description></item><item><title>$2.1 Million Separates Beverly Hills from Killeen, Texas</title><link>http://www.condo.com/Community/UserBlogPost.aspx?ID=1223</link><guid isPermaLink="false">11e9c2b6-88c0-45cc-802f-b151391bbca5</guid><pubDate>Mon, 01 Oct 2007 16:41:07 GMT</pubDate><description><![CDATA[<span style="FONT-SIZE: 9pt; COLOR: black; FONT-FAMILY: Verdana"><?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" /><o:p>
<p><span style="FONT-SIZE: 9pt; COLOR: black; FONT-FAMILY: Verdana">&nbsp;RISMEDIA, </span><?xml:namespace prefix = st1 ns = "urn:schemas-microsoft-com:office:smarttags" /><st1:date Year="2007" Day="28" Month="9"><st1:date Year="2007" Day="28" Month="9" ls="trans"><span style="FONT-SIZE: 9pt; COLOR: black; FONT-FAMILY: Verdana">Sept. 28, 2007</span></st1:date><span style="FONT-SIZE: 9pt; COLOR: black; FONT-FAMILY: Verdana">-</span></st1:date><span style="FONT-SIZE: 9pt; COLOR: black; FONT-FAMILY: Verdana">”Location. Location. Location.” The age-old adage that defines home prices equates to a $2.1 million difference between the nation’s most expensive and affordable housing markets, according to the 2007 Coldwell Banker&#174; Home Price Comparison Index (HPCI). This annual “apples to apples” comparison of similar middle management homes in 317 </span><st1:country-region><st1:place><span style="FONT-SIZE: 9pt; COLOR: black; FONT-FAMILY: Verdana">U.S.</span></st1:place></st1:country-region><span style="FONT-SIZE: 9pt; COLOR: black; FONT-FAMILY: Verdana"> markets finds that </span><st1:City><st1:place><span style="FONT-SIZE: 9pt; COLOR: black; FONT-FAMILY: Verdana">Beverly Hills</span></st1:place></st1:City><span style="FONT-SIZE: 9pt; COLOR: black; FONT-FAMILY: Verdana"> repeats as the most expensive market in the nation.<o:p></o:p></span></p>
<p><span style="FONT-SIZE: 9pt; COLOR: black; FONT-FAMILY: Verdana">An average 2,200 square foot, 4 bedroom, 2 &#189; bath home in </span><st1:City><st1:place><span style="FONT-SIZE: 9pt; COLOR: black; FONT-FAMILY: Verdana">Beverly Hills</span></st1:place></st1:City><span style="FONT-SIZE: 9pt; COLOR: black; FONT-FAMILY: Verdana"> would cost $2.21 million. Yet, more than 1,400 miles away from the glitz of </span><st1:Street><st1:address><span style="FONT-SIZE: 9pt; COLOR: black; FONT-FAMILY: Verdana">Rodeo Drive</span></st1:address></st1:Street><span style="FONT-SIZE: 9pt; COLOR: black; FONT-FAMILY: Verdana">, the Beverly Wilshire Hotel and Spago sits </span><st1:place><st1:City><span style="FONT-SIZE: 9pt; COLOR: black; FONT-FAMILY: Verdana">Killeen</span></st1:City><span style="FONT-SIZE: 9pt; COLOR: black; FONT-FAMILY: Verdana">, </span><st1:State><span style="FONT-SIZE: 9pt; COLOR: black; FONT-FAMILY: Verdana">Texas</span></st1:State></st1:place><span style="FONT-SIZE: 9pt; COLOR: black; FONT-FAMILY: Verdana">, the nation’s most affordable studied market where a home with similar characteristics would cost $136,725. </span><st1:City><st1:place><span style="FONT-SIZE: 9pt; COLOR: black; FONT-FAMILY: Verdana">Killeen</span></st1:place></st1:City><span style="FONT-SIZE: 9pt; COLOR: black; FONT-FAMILY: Verdana"> residents rejoice in their fishing, hunting, boating and Friday Night Lights-type high school football passions while embracing their role as a support system for the family and troops based at </span><st1:place><st1:PlaceType><span style="FONT-SIZE: 9pt; COLOR: black; FONT-FAMILY: Verdana">Fort</span></st1:PlaceType><span style="FONT-SIZE: 9pt; COLOR: black; FONT-FAMILY: Verdana"> </span><st1:PlaceName><span style="FONT-SIZE: 9pt; COLOR: black; FONT-FAMILY: Verdana">Hood</span></st1:PlaceName></st1:place><span style="FONT-SIZE: 9pt; COLOR: black; FONT-FAMILY: Verdana">.<o:p></o:p></span></p>
<p><st1:City><st1:place><span style="FONT-SIZE: 9pt; COLOR: black; FONT-FAMILY: Verdana">Killeen</span></st1:place></st1:City><span style="FONT-SIZE: 9pt; COLOR: black; FONT-FAMILY: Verdana"> is not the only military community to score well on the HPCI’s most affordable list. In fact, six of the nation’s 10 most affordable markets are also home to or located in close proximity to major </span><st1:country-region><st1:place><span style="FONT-SIZE: 9pt; COLOR: black; FONT-FAMILY: Verdana">U.S.</span></st1:place></st1:country-region><span style="FONT-SIZE: 9pt; COLOR: black; FONT-FAMILY: Verdana"> military posts.<o:p></o:p></span></p>
<p><span style="FONT-SIZE: 9pt; COLOR: black; FONT-FAMILY: Verdana">Serving as a “snapshot” study, the Coldwell Banker HPCI evaluates average home values for select 2,200 square foot single-family dwellings with four bedrooms, two and one-half baths, a family room (or equivalent) and a two-car garage1 in 394 markets across the United States, Puerto Rico, Canada and a sampling of countries/territories outside of North America where Coldwell Banker has a presence.<o:p></o:p></span></p>
<p><span style="FONT-SIZE: 9pt; COLOR: black; FONT-FAMILY: Verdana">The cumulative average sales price of the homes surveyed in the 317 </span><st1:country-region><st1:place><span style="FONT-SIZE: 9pt; COLOR: black; FONT-FAMILY: Verdana">U.S.</span></st1:place></st1:country-region><span style="FONT-SIZE: 9pt; COLOR: black; FONT-FAMILY: Verdana"> markets (including one in </span><st1:place><span style="FONT-SIZE: 9pt; COLOR: black; FONT-FAMILY: Verdana">Puerto Rico</span></st1:place><span style="FONT-SIZE: 9pt; COLOR: black; FONT-FAMILY: Verdana">) covered in the Coldwell Banker HPCI is $422,343. By comparison, the National Association of Realtors reports the median price for all existing homes sold in the </span><st1:country-region><st1:place><span style="FONT-SIZE: 9pt; COLOR: black; FONT-FAMILY: Verdana">U.S.</span></st1:place></st1:country-region><span style="FONT-SIZE: 9pt; COLOR: black; FONT-FAMILY: Verdana">, regardless of type, is $218,200.<o:p></o:p></span></p>
<p><span style="FONT-SIZE: 9pt; COLOR: black; FONT-FAMILY: Verdana">“The real estate market has certainly changed over the last year,” says Jim Gillespie, president and chief executive officer of Coldwell Banker Real Estate LLC. “I continue to point out that we can not make national blanket statements about appreciation and inventory. Real estate is a local business; with each market having its own story to tell.”<o:p></o:p></span></p>
<p><span style="FONT-SIZE: 9pt; COLOR: black; FONT-FAMILY: Verdana">“People continue to move for lifestyle; they did before, they are today and they will tomorrow,” Gillespie adds.<o:p></o:p></span></p>
<p><st1:City><st1:place><span style="FONT-SIZE: 9pt; COLOR: black; FONT-FAMILY: Verdana">Dublin</span></st1:place></st1:City><span style="FONT-SIZE: 9pt; COLOR: black; FONT-FAMILY: Verdana"> is the most expensive studied market outside of </span><st1:place><span style="FONT-SIZE: 9pt; COLOR: black; FONT-FAMILY: Verdana">North America</span></st1:place><span style="FONT-SIZE: 9pt; COLOR: black; FONT-FAMILY: Verdana"> where an HPCI subject home averages $2.1 million U.S. dollars. Coldwell Banker charts a total of 13 markets outside of the </span><st1:country-region><st1:place><span style="FONT-SIZE: 9pt; COLOR: black; FONT-FAMILY: Verdana">United States</span></st1:place></st1:country-region><span style="FONT-SIZE: 9pt; COLOR: black; FONT-FAMILY: Verdana"> which average more than $1 million, including </span><st1:City><st1:place><span style="FONT-SIZE: 9pt; COLOR: black; FONT-FAMILY: Verdana">Milan</span></st1:place></st1:City><span style="FONT-SIZE: 9pt; COLOR: black; FONT-FAMILY: Verdana"> ($1.9 million), </span><st1:City><st1:place><span style="FONT-SIZE: 9pt; COLOR: black; FONT-FAMILY: Verdana">Rome</span></st1:place></st1:City><span style="FONT-SIZE: 9pt; COLOR: black; FONT-FAMILY: Verdana"> ($1.7 million) and </span><st1:City><st1:place><span style="FONT-SIZE: 9pt; COLOR: black; FONT-FAMILY: Verdana">Paris</span></st1:place></st1:City><span style="FONT-SIZE: 9pt; COLOR: black; FONT-FAMILY: Verdana"> ($1.7 million). </span><st1:place><st1:City><span style="FONT-SIZE: 9pt; COLOR: black; FONT-FAMILY: Verdana">Bogotá</span></st1:City><span style="FONT-SIZE: 9pt; COLOR: black; FONT-FAMILY: Verdana">, </span><st1:country-region><span style="FONT-SIZE: 9pt; COLOR: black; FONT-FAMILY: Verdana">Colombia</span></st1:country-region></st1:place><span style="FONT-SIZE: 9pt; COLOR: black; FONT-FAMILY: Verdana">, ($140,100) is the most affordable foreign studied market. Several markets including </span><st1:country-region><st1:place><span style="FONT-SIZE: 9pt; COLOR: black; FONT-FAMILY: Verdana">Egypt</span></st1:place></st1:country-region><span style="FONT-SIZE: 9pt; COLOR: black; FONT-FAMILY: Verdana">’s Sharm El Sheikh ($144,896), </span><st1:place><st1:City><span style="FONT-SIZE: 9pt; COLOR: black; FONT-FAMILY: Verdana">Charlottetown</span></st1:City><span style="FONT-SIZE: 9pt; COLOR: black; FONT-FAMILY: Verdana">, </span><st1:country-region><span style="FONT-SIZE: 9pt; COLOR: black; FONT-FAMILY: Verdana">Canada</span></st1:country-region></st1:place><span style="FONT-SIZE: 9pt; COLOR: black; FONT-FAMILY: Verdana">, ($157,630) and </span><st1:place><st1:City><span style="FONT-SIZE: 9pt; COLOR: black; FONT-FAMILY: Verdana">Granada</span></st1:City><span style="FONT-SIZE: 9pt; COLOR: black; FONT-FAMILY: Verdana">, </span><st1:country-region><span style="FONT-SIZE: 9pt; COLOR: black; FONT-FAMILY: Verdana">Nicaragua</span></st1:country-region></st1:place><span style="FONT-SIZE: 9pt; COLOR: black; FONT-FAMILY: Verdana">, ($158,375) also average below $200,000. </span><st1:City><st1:place><span style="FONT-SIZE: 9pt; COLOR: black; FONT-FAMILY: Verdana">Warsaw</span></st1:place></st1:City><span style="FONT-SIZE: 9pt; COLOR: black; FONT-FAMILY: Verdana"> ($417,760) in </span><st1:country-region><st1:place><span style="FONT-SIZE: 9pt; COLOR: black; FONT-FAMILY: Verdana">Poland</span></st1:place></st1:country-region><span style="FONT-SIZE: 9pt; COLOR: black; FONT-FAMILY: Verdana"> is the foreign market closest to the $422,343 </span><st1:country-region><st1:place><span style="FONT-SIZE: 9pt; COLOR: black; FONT-FAMILY: Verdana">U.S.</span></st1:place></st1:country-region><span style="FONT-SIZE: 9pt; COLOR: black; FONT-FAMILY: Verdana"> average.<o:p></o:p></span></p>
<p><span style="FONT-SIZE: 9pt; COLOR: black; FONT-FAMILY: Verdana">“There is greater movement of people around the world and it is not only American baby boomers and relocated workers moving outside the </span><st1:country-region><st1:place><span style="FONT-SIZE: 9pt; COLOR: black; FONT-FAMILY: Verdana">U.S.</span></st1:place></st1:country-region><span style="FONT-SIZE: 9pt; COLOR: black; FONT-FAMILY: Verdana">,” says Gillespie. “The National Association of Realtors&#174; recently reported that 32% of all Realtors in the </span><st1:country-region><st1:place><span style="FONT-SIZE: 9pt; COLOR: black; FONT-FAMILY: Verdana">U.S.</span></st1:place></st1:country-region><span style="FONT-SIZE: 9pt; COLOR: black; FONT-FAMILY: Verdana"> had at least one international client during the last year. Our HPCI serves as a guide for these world travelers and interested consumers to get a sense of how much a typical middle-management home may cost in various markets around the globe.”<o:p></o:p></span></p></o:p></span>]]></description></item><item><title>Miami Beach Real Estate Market Still Going Strong!</title><link>http://www.condo.com/Community/UserBlogPost.aspx?ID=1060</link><guid isPermaLink="false">0ab85ae7-76fe-49b6-9f82-9ef15486b18c</guid><pubDate>Thu, 06 Sep 2007 21:00:10 GMT</pubDate><description><![CDATA[MIAMI BEACH, Fla., Aug. 21 /PRNewswire/ -- Weichert Realtors - Best  Beach Real Estate posted its numbers for June 2007 as the highest ever for  the company. The Miami Beach firm, established in 1996 and currently with  over 120 agents, has seen its numbers improve in the first half of 2007  suggesting the real estate market in Miami Beach is stronger than in other  areas of Southeast Florida. According to Mr. Chehebar (Managing Broker of  WBB) "There is no secret to our success or our 2007 sales being up from  2006. Basically, we are working harder than ever and the results are  showing. We are conducting more Open Houses than ever before and we are  pricing our listings right."      Weichert Realtors - Best Beach Real Estate focuses on customer service  as the key to its success. Furthermore, the company is looking for the  right acquisitions in order to triple its current number of agents. "We  believe that this challenging time brings along opportunities that did not  exist before," Mr. Chehebar added. By increasing the number of agents while  implementing a cutting edge training program and support structure,  Weichert Realtors - Best Beach Real Estate expects to take advantage of  economies of scale to expand its coverage.      The company recently incorporated mortgage and title services to its  offering, effectively creating a complete one stop shop for its clients.  "Best Beach Lending and Best Beach Title have a major impact in the level  of service that we provide our customers. We can track the status of a  transaction with accuracy during every step of the process, avoiding  problems and enabling buyers and sellers to experience a smooth closing,"  Mr. Chehebar mentioned. The incorporation of mortgage and title will also  have a significant effect on the company's bottom line, strengthening the  organization's ability to provide the best service to a greater number of  customers.]]></description></item><item><title>Real estate agents able to market to Moscow</title><link>http://www.condo.com/Community/UserBlogPost.aspx?ID=1041</link><guid isPermaLink="false">a51b9782-8fbe-4a13-a0bf-72acee422dce</guid><pubDate>Thu, 30 Aug 2007 14:46:21 GMT</pubDate><description><![CDATA[<h1 class=headline><font size=2>Orlando Business Journal - August 23, 2007</font></h1><a href="http://www.bizjournals.com/search/results?Ntk=All&amp;Ntx=mode matchallpartial&amp;Ntt=%22%22"></a>
<p>Stirling Sotheby's International Realty agents will soon be able to market properties in Russia to local buyers, while also giving overseas investors access to properties in Central Florida. </p>
<p>Stirling Sotheby's parent company opened a new franchise in Moscow, the company announced Wednesday. The new franchise, part of the Sotheby's network, will offer area agents a chance to capitalize on investors stuck in a high-priced locale, says Roger Soderstrom, owner of the Orlando franchise. </p>
<p>"Moscow has the most expensive real estate per square foot in the world today," Soderstrom told Orlando Business Journal. "[Investors] think our prices in Central Florida are giveaway prices." </p>
<p>Agents in the local office will be networking closely with the new brokerage firm in Moscow and have the ability to work "back and forth with buyers and sellers," he says. </p>
<p>The company plans to also unveil a similar operation in Japan, Soderstrom says. </p>]]></description></item><item><title>Real estate slow but strong in York</title><link>http://www.condo.com/Community/UserBlogPost.aspx?ID=1040</link><guid isPermaLink="false">53e5b4e5-75b1-49e6-8573-1f491164763d</guid><pubDate>Wed, 29 Aug 2007 21:48:29 GMT</pubDate><description><![CDATA[<h2><font size=1><span class=by><font style="BACKGROUND-COLOR: #ffffff" color=#000000>By </font></span><span class=byline style="COLOR: #982d01"><font style="BACKGROUND-COLOR: #ffffff" color=#000000>Rob Levey<br></font></span></font><a href="mailto:yorkweekly@seacoastonline.comAugust"><font style="BACKGROUND-COLOR: #ffffff" color=#000000>yorkweekly@seacoastonline.com</font><span><br><font style="BACKGROUND-COLOR: #ffffff" color=#000000 size=1>August</font></a><font style="BACKGROUND-COLOR: #ffffff" color=#000000 size=1> 29, 2007 6:00 AM</font><span></h2>
<p class=articleGraf><font style="BACKGROUND-COLOR: #ffffff"><font color=#000000><font size=1>YORK</font> —Like most of the country,</font></font> the real estate market in Maine has slowed greatly over the past several months, but according to experts there is no need to panic about the long-term implications.</p>
<p class=articleGraf>The reason for the current trend may be attributed to a great extent to a lockdown on the subprime loan market, said Scott Chretien, EVO and COO of the York County Federal Credit Union. Many relationships have been strained because of it, as higher credit risk home buyers have less chance to qualify for a loan than in the past, he said.</p>
<p class=articleGraf>"Loan volume is significantly down from previous years where our members would refinance one to two times per year using the equity in their homes for purchasing power," Chretien noted. "With the rising rate environment, the flat yield curve, and the bubble on property values being hit we are seeing property values throughout York County decline slightly in recent appraisals."</p>
<p class=articleGraf>While admitting the subprime market will have some impact on the real estate market, Roxane A. Cole, co-owner of Ram Harnden Commercial Real Estate Services in Portland and president of the Maine Real Estate and Development Association, believes the real problem may be in people's perception of the market rather than its reality.</p>
<p class=articleGraf>"Maine is a state of small businesses, and as the values in the residential market go down, small business owners tend to get more conservative — take a smaller lease or not expand," Cole said. "I think it is a case, though, where perception is causing the reality."</p>
<p class=articleGraf>Lawrence Yun, vice president of research for the National Association of Realtors, also believes the future is bright for Maine's housing market and points to Boston's pivotal role in shaping what will happen in the entire New England region.</p>
<p class=articleGraf>"Boston, after suffering sharp job cuts in 2001 to 2004, has been adding jobs at a respectable pace in the past three years," he said. "As a result, the area housing market appears to be stabilizing with strong signs of strengthening home prices in the near future." Cole also points to a thriving commercial market in Portland and other metropolitan areas in the state, including the smaller towns in York County, as evidence that the current health of the real estate market is not as bad as people might think.</p>
<p class=articleGraf>"There is a lot of interest and redevelopment going on," she said. "My sense is that it is slower, but there has also been a lot of recent activity."</p>
<p class=articleGraf>Locally in York, Maureen Regan, owner of Regan Real Estate and Seaside Vacation Rentals, has also noted a recent flurry of activity in the real estate market and believes York's real estate fortune differs from other areas.</p>
<p class=articleGraf>"So much of our market is second and vacation homes," she said, "and many people here aren't as impacted by the market ...; It is still a very active real estate market."</p>
<p class=articleGraf>Instead of seeing a freefall in the real estate market, then, Regan sees the current trend as merely part of "an ongoing cycle, but conceded that more foreclosures in the future are inevitable.</p>
<p class=articleGraf>In terms of the current trend, Branch Manager for York County Federal Credit Union, Rich Goodenough, believes the current housing market has actually benefited some York residents.</p>
<p class=articleGraf>"Possibly due to a slow down in the real estate market, we have seen an increase in first-time homebuyers," Goodenough said.</p>
<p class=articleGraf>Supply and demand, then, is a key issue for York and the state of Maine, which could swing the real estate pendulum in unforeseen directions despite the strong market indicators.</p>
<p class=articleGraf>"The Northeast has traditionally built far fewer new homes in relation to population," added Yun, "so changes in demand can quickly lead to changes in the strength of the housing market."</p><br></span></span>]]></description></item><item><title>Exposure equals sales, and thats the bottom line!</title><link>http://www.condo.com/Community/UserBlogPost.aspx?ID=993</link><guid isPermaLink="false">bebfdc09-a44e-48dd-bf7f-ed2d49532d6e</guid><pubDate>Fri, 17 Aug 2007 21:01:51 GMT</pubDate><description><![CDATA[<p align=left><span style="FONT-SIZE: 7pt; COLOR: #333333; FONT-FAMILY: Verdana">You should become a Power Seller on our site for one main reason, Exposure!&nbsp; <br>With the Power Seller Program you gain maximum exposure on our site, as well as our 25 partner sites around the world.&nbsp;&nbsp;The fact is 85% percent of all real estate searches start on the internet, so&nbsp;if you are&nbsp;not taking advantage of marketing yourself on the internet, chances are you are minimally exposed.&nbsp; Exposure equals sales, and thats the bottom line.&nbsp; Our&nbsp;Power Seller&nbsp;Program was created to optimize your sales, by gaining you exposure through&nbsp;avenues such as community networking, blogging and video blogging as well as syndication to our 25 partner sites around the world.&nbsp;&nbsp;Take advantage of our Power&nbsp;Seller program today by clicking below or you can contact me through my Condo.com profile.<br><br><br><br><a href="/Sell/Agents-Realtors.aspx"><img height=157 alt="Promote your listings and business around the world Start Now" src="/templates/uscondex/media/images/EN/bottom-agents.jpg" width=224 border=0></a></span></p>]]></description></item><item><title>Why you should become a Power Seller.</title><link>http://www.condo.com/Community/UserBlogPost.aspx?ID=952</link><guid isPermaLink="false">74b8e3ea-4428-4518-8ff2-c1f9125f5c7e</guid><pubDate>Wed, 08 Aug 2007 18:11:14 GMT</pubDate><description><![CDATA[You should become a Power Seller on our site for one main reason, Exposure!&nbsp; <br>With the Power Seller Program you gain maximum exposure on our site, as well as our 25 partner sites around the world.&nbsp;&nbsp;The fact is 85% percent of all real estate searches start on the internet, so&nbsp;if you are&nbsp;not taking advantage of marketing yourself on the internet, chances are you are minimally exposed.&nbsp; Exposure equals sales, and thats the bottom line.&nbsp; Our&nbsp;Power Seller&nbsp;Program was created to optimize your sales, by gaining you exposure through&nbsp;avenues such as community networking, blogging and video blogging as well as syndication to our 25 partner sites around the world.&nbsp;&nbsp;Take advantage of our Power&nbsp;Seller program today by clicking below or you can contact me through my Condo.com profile.<br><br><br><br><br><br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<a href="/Sell/Agents-Realtors.aspx"><img height=157 alt="Promote your listings and business around the world Start Now" src="/templates/uscondex/media/images/EN/bottom-agents.jpg" width=224 border=0></a><br><br><br><br><a href="/Sell/Agents-Realtors.aspx"></a>]]></description></item></channel></rss>