FRIDAY FACTS
February 25, 2011
Did you know that in February 2010, “spot loan” approval to obtain FHA condo financing was terminated, and every single condo development has to have project approval by HUD?
Google no longer has real estate listings on the classified listing site on Google Maps.
In the fourth quarter of 2010, 11%, or 18.4 million, of the 130 million housing units in the U.S were vacant.
A panelist at the Inman Connect Conference noted that since 1980, homes outperformed gold, 2.5 to 1.
One of the largest real estate sites has been formed by the merging of the Zillow and Yahoo Real Estate sites. Later this year, look for a similar partnership when Move’s Realtor.com uses the recently acquired ListHub to syndicate listings to AOL Real Estate.
Bernice Ross writes in Inman News of three points in time to coax an unrealistic seller into a price reduction:
When they’ve had 10 showings with no offer
When they’ve had 200 online page views with 2 or fewer showings
After 30 days.
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