Real Estate Information

Nearly eight out of 10 Americans believe buying a home is a good financial decision, despite ongoing challenges with the economy and housing market. That’s according to the 2010 National Housing Pulse Survey, an annual report released by the National Association of Realtors®.

The survey, which measures how affordable housing issues affect consumers, also found job security concerns to be the highest in eight years of sampling, with 70 percent of Americans saying that job layoffs and unemployment are a big problem in their area; eight in 10 cite these issues as a barrier to homeownership.

Despite economic uncertainty, 68 percent of those surveyed still believe now is a good time to buy a home; while that number is down from last year (75 percent), it’s up from 2008 (66 percent) and 2007 (59 percent). Lower home prices and record-low mortgage interest rates may be attracting buyers to the housing market – more than one-fourth of renters said they are thinking more about buying a home than they were a year ago. Sixty-three percent of renter respondents said that owning a home is a priority in their future, and nearly 40 percent said it was one of their highest priorities.

Lower home prices have improved affordability. Let’s take a look at October home sales and see how improved affordability is affecting our local housing market.

Midtown Montgomery real estate sales statistics for October show the average sales price decreased by 18% to $106,826 while the number of homes sold decreased by 24% from 2009.  Median sales prices dropped 43% and market times increased 14% or 7 days in 2010.

For the latest Midtown Montgomery real estate market conditions in your area, please call me at 800-HAT-LADY or visit HomesForSaleInMontgomeryAlabama.com.

Information is provided by the Montgomery Area Association of Realtors and is deemed accurate but not guaranteed.

Montgomery Real Estate For Sale: 2128 St. Charles Avenue Montgomery, AL 36107

MLS #280250

This family-sized historic home sits in one of the BEST blocks in Capitol Heights, AND one of the highest points in Montgomery. Seldom do you find a split bedroom plan in an older home, but this one delivers! With three bedrooms and a bath on the front side of the house, and a large master bedroom addition off the rear den/family room, parents can have separation from the rest of the family. And, if you're outdoorsy, you will enjoy waving to neighbors from your front porch swing and fun cookouts or plain old leisure time on the raised rear deck. Big fenced back yard is great play space for the kids, and perfectly pet friendly. Come home to the best of all worlds in a family friendly neighborhood...minutes from the City's BOOMING downtown riverfront area!

Learn more about 2128 St. Charles Avenue and other Montgomery Real Estate by visiting HatTeam.com. 

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Montgomery Real Esate For Sale: 431 Clanton Avenue Montgomery, AL 36104

MLS #280235

This charming Garden District bungalow has a few surprises! If you like traditional Craftsman feel, you will be smitten by the living room with hardwood floors, built-in bookshelves, and bay window with a window seat! The formal dining room features fireplace with antique mantle and gorgeous coffered ceilings. Kitchen has recent updates like granite tile countertops and new appliances, and a HUGE pantry! Enjoy casual meals in the sunny breakfast room overlooking private walled rear deck. Master bath with jetted garden tub looks like something you would find in a much newer home. Second bedroom is tucked away in the rear, has a private bathroom, and its own private entrance (perfect for room-mates). Upstairs is a HUGE bonus room that could easily be a third bedroom (has a walk-in closet and a full bath), playroom, game room, or tremendous walk-up storage. House takes up most of the lot, so yard work is an ease. Great neighbors plus convenient to dining and shopping in Cloverdale. Seller is motivated, and has priced this one as a DEAL! 

Learn more about 431 Clanton Avenue Drive and other Montgomery Real Estate by visiting HatTeam.com.

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The scene we often envision at this time of year is one of family and friends sitting around a blazing fire with a brightly lighted tree, stockings hung from the mantel, and colorfully wrapped gifts adding to the cozy and festive atmosphere of your Montgomery home. A setting lovely to imagine--and to experience--but also one which requires awareness and safety precautions. Fires occurring during the holidays claim the lives of more than 400 Americans each year, and approximately 2 to 3 people per hour are treated in an emergency room due to “decorating” falls and other seasonal injuries.

At the time of year when lists--gift lists, menu lists, activities lists, and to do lists, e.g..--play such a large role in our lives, it is also necessary to establish a safety checklist to ensure an accident-free holiday for your family, guests, and even your pets. Suggestions for taking precautions include the following:

DECORATIONS

• Inspect lights for damage and link no more than 3 strands together. Use only UL approved and only as directed--indoor lights should not be used outside. Beware of overloading outlets. Don’t leave on when you’re not home.

• If you prefer a live tree, make certain it is fresh when you buy it and water, water, water!

• Use non-flammable or flame retardant decorations.

• Never leave lighted candles unattended, near combustible materials, or within reach of children or pets. Make certain to extinguish them before retiring for the night.

FIREPLACES

• Place the tree in your Montgomery home at least 3 feet away from the fireplace.

• Keep a screen in front of the fire to prevent flying sparks.

• If you hang stockings from the mantel, be sure to remove them when the fireplace is in use.

• Choose your decorating materials carefully, avoiding combustibles whenever possible. Make certain that ribbons and/or greenery are far from the flames.

• Never burn wrapping paper in your fireplace and risk a flash fire.

GUESTS

• When entertaining friends at your Montgomery home, be certain that you have childproofed your home--not just to protect breakables but also to protect young ones from matches, chemicals, or medicines.

• Make sure that outside walkways and steps are well lighted at night.

• Use nightlights in hallways and bathrooms.

• Add non-slip mats in your tub and shower--and possibly grab bars for the older set.

PETS

• Avoid feeding the cats or dogs which also reside in your Montgomery home food such as rich and fatty fowl meat, onions, grapes, raisins, or chocolate.

• Do not give animals turkey bones as they will splinter and cause great damage.

• Keep all trash out of reach. Better yet, take it outside frequently.

• Because the arrival of guests, noise, and constant activity of the holidays can be quite stressful for a pet, be sensitive about giving it a quiet place and time alone. Exercise or play time is also useful, especially before company arrives.

• As with children, keep pets away from lighted candles, fireplace flames, and the kitchen while cooking is going on.

Got all that? If so, relax and enjoy the season!

As the foreclosure saga continues, the situation becomes more and more complex, compounded in part by revelations of additional irregularities and by the outcry for congressional intervention. Obviously, the current snarl of accusations, litigation, and investigations is having a negative effect on Montgomery real estate.

Demand Stalled

Although the number of foreclosures continue to rise, the market for such homes has stalled, with many houses being removed from the selling market. In addition, would-be buyers of short sales and foreclosed properties are hesitant to purchase Montgomery real estate which might have dubious or incomplete documentation, thus decreasing the number of loan applications being received by lenders. Recent buyers of those types of properties are also affected, as they are often uncertain that they have a clear title to their newly purchased real estate. Their only recourse at this point is to go to another title company and request a title insurance quote.

Resolutions

So what is being done to resolve these problems? Recently the attorneys general of all fifty states agreed to conduct a serious joint investigation of the scandal. In addition to trying to reform the foreclosure system, they also have a goal of forcing banks and lenders to institute widespread loan modifications to help beleaguered homeowners. They intend to negotiate with lenders to create a nationwide fund to compensate borrowers who can prove they lost their home in an improper foreclosure, and they hope to force lenders to dedicate more funds to modifying the loans of homeowners who have missed payments and to bar those lenders from foreclosing while such modifications are being negotiated.

In addition, the Congressional Oversight Panel has now entered the foray, echoing concerns of consumer advocates and financial analysts, as has the Senate Banking Committee, chaired by Senator Chris Dodd. The latter body will hold hearings on the matter and is urging all parties involved to work together to find a solution for the housing crisis without delay.

And last, but certainly not least, impacted homeowners have begun to fight back in earnest. They are filing lawsuits which accuse lenders of failing to properly vet documents, foreclosing on homes already in a modification program, and a myriad of other unjustified and even illegal actions. And while these suits may provide necessary recourse for the injured parties, they will also delay those foreclosures which are actually justified.

Not Going Away

It is evident that the foreclosure fiasco is not going away and that there is no quick fix to reassure owners of Montgomery real estate, but at least the situation continues to be publicized and investigated, so an eventual end may be in sight. Stay tuned…

Ode to Thanksgiving

To our national birds
The American Eagle
The Thanksgiving Turkey
May one give us peace in all our states
And the other a piece for all our plates

What did the Pilgrims eat on Thanksgiving? 

It is commonly believed that the first actual celebration of the harvest and blessings from God took place in Plymouth in 1621. The festivities lasted three days and included feasting, entertainment, and competitions. For more about the holiday’s history!

Who Doesn’t Love a Parade?

The first annual Macy's Thanksgiving Day Parade took place in 1924. That first year, it was known as the Macy's Christmas Parade. It was created to launch the holiday shopping season. Today, the parade is attended by an estimated three million people each year. Approximately 44 million people around the country watch the parade on television.

Other large parades which commemorate the holiday are the IKEA Thanksgiving Parade in Philly, McDonald’s Thanksgiving Parade in Chicago, and the UBS Parade Spectacular in Stamford.

Find holiday-themed wallpaper or screensavers here!

Want some holiday music to enhance your gathering? Get free, fast downloads of 30+ songs.

“If you want to turn your life around, try thankfulness.”  …. Gerald Good

Thanksgiving Around the World

Thanksgiving is essentially a harvest related festival. It celebrates communal harmony.

Canada celebrates Thanksgiving on the second Monday in the month of October.

India also has a number of harvest related festivals in different regions.

Other Thanksgiving traditions around the world.

Money-saving tips for Thanksgiving--something we would all be thankful for!

1. Have a BYOD (bring your own dish) celebration. Asking your guests to contribute to the meal is a great way to save on expenses--and on your own cooking time.

2. Keep it simple. Cut down on the number of side dishes you have. A festive table doesn’t have to be extravagant.

3. Serve boxed wine or large bottles of soda. Cans and individual bottles are far more expensive.

4. Use natural items for decorations--leaves, fruit, squash, gourds, pumpkins, and dried flowers from your garden. A large candle and colorful fruit make a lovely centerpiece. Visit a dollar store for inexpensive holiday items.

5. Check store ads for sales and coupons before you shop for Thanksgiving Day goodies.

6. If time and your schedule allow, bake it yourself. Baking all your pies at one time will also save energy costs.

7. Plan ahead for using the leftovers. In addition to the tradition soup and sandwiches, think about turkey chili, tacos, frittatas, enchiladas, salads, and even paella.  Note: price per pound of a turkey decreases with weight. The bigger the bird, the less the cost--and the more for leftovers!

8. Volunteer. Soup kitchens, church outreach programs, and ‘Meals On Wheels’ can certainly use help, so skip the shopping, share your time with others, and let your family members see how fortunate they really are.”

“If the only prayer you said in your whole life was, “Thank you,” that would suffice.”         Meister Eckhart

Interesting facts:

More than 40 million green bean casseroles are consumed each Thanksgiving!

Tofurkey, a soy-and-wheat based turkey alternative, was created by Sam Tibbot in 1995 and continues to be a popular choice among vegetarians.

And speaking of vegetarians…there are lots of websites with fabulous vegetarian recipes and ideas for veggie stuffing, gravy, sides, and all foods Thanksgiving. Prefer organic? How about diabetic recipes for appetizers, sides, breads, and desserts?

Here’s a complete holiday planning guide. Menu ideas. Everything you wanted to know about turkey.

Videos on choosing, thawing, stuffing, roasting and carving the bird. Wines ideal for thanksgiving dinner. Don’t forget dessert!

Tired of the same old, same old? Here are alternatives to turkey.

Thawing, cooking, and serving the bird:

To calculate the amount of food you’ll need, follow this guide.

• Whole turkey--1 lb. per person
• Bone-in turkey breast--¾ lb. per person
• Boneless turkey breast--½ lb. person

Time required for thawing the bird: for each 4 ½ lbs. of frozen turkey, allow 24 hours of thaw time in the refrigerator. Once fully thawed, the turkey may be refrigerated for 1-2 days.

Quick" thawing method: Place turkey in its original wrapping in sink and cover with COLD water. Change the water every 1/2 hour to maintain the temperature. Allow 1/2 hour per pound to defrost the turkey. Most turkeys will take from 5 to 10 hours to thaw.

Share Thanksgiving greetings with friends via email or send a mobile greeting free of charge.

Don’t forget the kids!

There are so many Thanksgiving activities for the younger set to take part in, especially while they’re waiting for the turkey to cook.

Make memories with these turkeys made from tracings of your child's hands and feet.

Use fresh and dried leaves for art projects like the creative ones at Squigly's Playhouse.

Make a simple banner using coffee filters and printed letters looks more complicated than it is. Children will love folding the filters to look like turkey tails.

This Thanksgiving Feast is a fun arcade-style food game for kids to learn about nutrition.

Celebrate the Thanksgiving with holiday coloring pages.

Create your own log cabin on paper using Popsicle sticks.

Think you are smarter than a TURKEY? Go on a turkey hunt and find out!

Get games and puzzles that are too numerous to count and just plain fun!

Everyone will love the Thanksgiving word scramble, a fun word search and the color and print eye chart.

Holiday Humor for the young--and young at heart

• Can a turkey jump higher than the Empire State Building?
   Answer:  Yes - a building can't jump at all
  
  
• Which side of the turkey has the most feathers?
  Answer:  The outside
  
  
• Why do Pilgrims have trouble keeping their pants up?
  Answer: Cause they wear their belts on their hats!
  
  
• What is the Turkey's favorite black tie celebration?
  Answer:  The Butter Ball
  
  
• Want more?

Thanksgiving Traditions

Here you can download Over The River and Through the Woods.

Nothing says Thanksgiving more than traditional football rivalries.

Holiday Travel

If your ‘over the river and through the woods’ trip is not taking you to Grandma’s, you might want to visit Road Trip America to help plan.

Traveling with kids? Here are tips to help entertain them.

So there you have it--facts, tips, humor, recipes, quotes, and websites to guide you to everything you have ever wanted to know about Thanksgiving.

May your Thanksgiving be an enjoyable celebration shared with friends and family, and one filled with gratitude for all your blessings!

Have a wonderful Thanksgiving!

Montgomery Real Estate For Sale: 3135 S Hull Street Montgomery, Al 36105

MLS#279782

Private park anyone? Live surrounded by beauty in this sweetly updated cottage with built-ins for all kinds of storage and upgrades to enjoy and impress your friends. From the gleaming wood floors to the quartz countertops and glass tile backsplash in the kitchen to the stained glass in the transom windows, everywhere you look this house is special. So make it yours today!

Learn more about 3135 Hull Street and other Montgomery Real Estate by visiting HatTeam.com. 

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Montgomery Homes For Sale: 1307 Summerfield Place Montgomery, AL 36117

MLS#279730

Love feeling tucked away? You'll appreciate living off the beaten path in this darling home. The cul-de-sac location at the rear of Wynbrook means no through traffic or uproar. And because the home adjoins a protected wetland, you'll never have neighbors to the rear. Enjoy watching nature from the covered deck while tall trees block the setting sun. Great condition, too, so see this one today!

Learn more about 1307 Summerfield Place and other Montgomery Real Estate by visiting HatTeam.com. 

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There is good news on the economic front which will eventually translate into good new for the Montgomery real estate market.

• The number of first-time filers for unemployment benefits fell by 24,000 last week to the lowest level in nearly four months, the Labor Department reported Wednesday.

• Keivan Deravi, the AUM pundit, says the demand for diesel fuel and cardboard are both up.  That means more things are being manufactured, packaged and shipped by truck.

• Rick Sharga of Realty Trac reports Montgomery’s foreclosure rate is trending downward and is 3 times better than the national average.

• Jimmy Lowder explains September new home sales were up slightly over August and days on market is down 4% Sept 10 vs Sept 09.

Other great observations:

1. You cannot create prosperity with austerity.  Therefore, Mayor Strange’s various initiatives (buying One Court Square and the buildings along Dexter; floating a bond issue to renovate Cramton Bowl and add the sports complex just as two examples) are the right approach.
2. Recovery in the residential real estate market will come as a result of investors’ buying up the distressed properties currently bloating our homes-for-sale inventory.  So consider the acquisition and renovation of the “greasy little houses” as a wealth-building strategy for the future.

A new category of homeowners has emerged in recent months--those who voluntarily walk away from their mortgaged property. The rising ranks of this group are not comprised of people who can’t afford their mortgage payments and thus go into foreclosure; rather these defaulters are homeowners who choose to let their Montgomery real estate holdings go rather than continue to pay on a home which is worth less than what they owe.

Such a phenomenon is new to the United States, where proud homeowners of the past would make every sacrifice necessary to keep their home--and their dignity--and it is a thorny issue in terms of moral responsibility and finances.

The Mortgage Bankers Association has voiced concern about the message these “walkers” send to their families and the community, and even President Obama has urged homeowners to follow the responsible course and honor their financial obligations. Such words too often fall on deaf ears, however, as anxious owners of Montgomery real estate watch lenders unload their mortgages with impunity and private businesses practice “strategic default” by letting a company fail rather than continue putting money into it.

One prevailing viewpoint is that homeowners must operate under a moral constraint while lenders and businesses are free to maximize their profits--an unfair and unbalanced system in the eyes of the “walkers.”

There are, of course, many social, moral, and financial arguments against voluntary default. An increase in foreclosures in a community depresses the value of the homes and drives prices down, thus making your neighbors suffer the consequences of your choice. In a May survey conducted by the Pew Research Center, nearly 60% of Americans believe it is ethically and morally wrong to default on a mortgage contract with a lender. Perhaps having a greater impact, however, are the financial repercussions of simply not paying the mortgage on your Montgomery real estate, including the following:

1. Your credit score will suffer, thus making it extremely difficult to get loans for a car or for another home, renting a house, and possibly having a negative effect on insurance rates and job possibilities.
2. Debt consequences: In many states the lender can get a deficiency judgment against you to recover the funds you did not pay. The term of their ability to do so may be as long as ten years.
3. You will lose your tax break. Property taxes and mortgage interest often give you a sizable tax advantage in terms of deductions, which you will no longer have.
4. Returning to the housing market may prove quite difficult. Although renting a home is a tempting solution, more and more landlords are hesitant to rent to someone going through foreclosure. Buying another property presents another obstacle. With stricter requirements being placed on loan current loan applicants, a “walk away” will not have an easy time overcoming his poor record with lenders.

If you are considering walking away from your current home, do weigh carefully the consequences of doing so. You can calculate the financial impact of such an action here.