Agent Page
My Posts/Listings
Top 5 Most Affordable U.S. Markets
How affordable or unaffordable is it to buy a home? Well, it depends heavily on the part of the country where the buyer chooses to live. Earning the U.S. median income of $64,000 a year is enough to allow buyers to purchase 70.8 percent of all homes sold in the country during the last three months of 2009, according to a joint report from the National Association of Home Builders and Wells Fargo. But... [Read more]
‘Affordable’ Housing Less Attractive Now
Affordable housing projects all over the country have been a tough sell the last couple of years. Some of the reasons include hard-to-get mortgages and a dwindling difference in prices between affordable units and market-rate properties with no restrictions on resale. The problem is particularly acute in Far Rockaway, N.Y., where New York City housing officials and developers are frustrated by slow... [Read more]
10 Home Features Buyers Want
Home designers and builders speaking at the recent International Builders Show in Las Vegas say that buyers are seeking cost-effective features and rejecting things that don’t have lasting value. “It’s all about family togetherness – casual living, entertaining and flexible spaces,” says Carol Lavender, president of the Lavender Design Group in San Antonio. Paul Cardis, CEO of Avid... [Read more]
Home Price Reductions Level Off
The share of homes on the market with price reductions declined to an average of 21 percent as of Feb. 1, according to Trulia.com, which has been tracking the information since April 2009. This is a significant decrease compared to November 2009, when 26 percent of homes had at least one price reduction The total dollar amount cut from home prices dropped to $22.6 billion as of Feb. 1, down from $28.1... [Read more]
Important Homebuyer Tax Credit Q&As
Important Homebuyer Tax Credit Q&A as provided by http://homebuyertaxcredit.com First-Time Home Buyer Tax Credit Eligibility Q. What are the basic eligibility requirements for a first-time home buyer? To qualify for the first-time home buyer tax credit, you cannot have owned a home as your principal residence in the three years prior to closing. Q. How much is the first-time home buyer tax credit? The... [Read more]
Homebuyer Tax Credit Deadline Looming
The Homebuyer Tax Credit is set to expire this summer. The tax credit is available to both First-Time Homebuyers and Step-Up Homebuyers. The provision to make the tax credit eligible for Step-Up Homebuyers was added when the law was extended. There are some very important deadline dates that you should be aware of if you intend to take advantage of the Tax Credit. The first is April 30th, 2010.... [Read more]
Commercial Loans Jeopardize Banks
The Congressional Oversight Panel reported Wednesday that commercial real estate loan failures could jeopardize bank stability. The panel said most of the bad loans were made at the height of the real estate bubble and are concentrated at smaller banks, which make 40 percent of all small business loans. “We haven’t seen the worst of the problems yet in terms of loan defaults. This is a large... [Read more]
Construction Up Along With Builder Confidence
Construction of new homes rose to an annual rate of 591,000 in January, up 2.8 percent from December when the revised rate was 575,000, the Commerce Department announced Wednesday. Meanwhile, the monthly home builder confidence scale rose two points in February to 17. The National Association of Home Builders Chair Bob Jones said, “Builders are slightly more optimistic that the housing recovery... [Read more]
Existing-Home Sales Down, but Prices Rise
Existing-home sales fell as expected in December after first-time buyers rushed to complete deals during the months leading up to the original November deadline for the tax credit. However, prices rose from December 2008 and annual sales improved in 2009, according to the National Association of REALTORS®. Existing-home sales—including single-family, townhomes, condominiums and co-ops—fell 16.7... [Read more]
Housing Components Don’t Last Forever
Many aspects of a home last little more than a decade. Home buyers should be especially vigilant about inspecting these household components because they have a relatively short lifespan, says the National Association of Home Builders. • Aluminum roof coating: 3-7 years • Enameled steel sinks: 5-7 years • Security systems: 5-10 years • Carpet: 8-10 years • Smoke... [Read more]

Elliott Robinson
Elliott Robinson, Esq. combines sound marketing principles and his legal acumen when helping clients purchase and sell real estate.