From MaineListings.Com – Maine Real Estate Sales Up 5.86 Percent in October

SOLD

http://www.mainerealtors.com/Statistics/2013PressReleases/MaineHousingReport-October2013.pdf

PRESS RELEASE FROM MAINELISTINGS.COM

FOR IMMEDIATE RELEASE

MAINE REAL ESTATE SALES UP 5.86 PERCENT IN OCTOBER; PRICES INCREASE 3.37 PERCENT
SOUTH PORTLAND (Nov. 20, 2013) — Maine’s existing home sales and prices continue to move in a positive direction, even during fall’s cooler temperatures.

According to Maine Listings, Realtors across Maine’s 16 counties sold 1,246 homes in October—an increase of 5.86
percent from one year ago. The median sales price (MSP) rose 3.37 percent to $176,250.

The MSP indicates that half of the homes were sold for more and half sold for less.  Nationwide, sales were up 5.2 percent last month, according to the National Association of Realtors. The national MSP reached $199,500, an increase of 12.7 percent. The regional Northeast experienced a sales uptick of 11.7 percent and the regional MSP jumped 7.4 percent to $247,300.

“Inventory continues to climb, and prices are appreciating; many sellers are now more comfortable entering the market,” said Bart Stevens, President of the Maine Association of Realtors. “A majority of the distressed properties have left the market, and things appear to be moving back toward a more normal real estate environment.”

Stevens, owner/broker with Century 21 Nason Realty in Winslow, said lenders have capital available for borrowers, and those with steady jobs and good credit scores should take advantage of “historically low interest rates and favorable affordability. Now continues to be a good time to purchase real estate for personal use or investment purposes. For many, owning is more affordable than renting due to the tax benefits over time and the accumulation of
equity.”

For rest of article and accompanying charts, please click on link at the top of this column.

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2013 Profile of Home Buyer and Sellers: Technology Trends

2013 Profile of Home Buyer and Sellers: Technology Trends.

From the National Association of REALTORs.

2013 Profile of Home Buyer and Sellers: Technology Trends

The 2013 NAR Profile of Home Buyers and Sellers was released on November 4, and as it does each year the report examined the demographics, preferences, motivations, plans, and experiences of recent buyers and sellers.

One recent trend discussed is how much consumers now embrace technology during the home search process. Did you know that…

  • Fifty-six percent of buyers start their home search online, 43 percent found the home they ultimately purchased online (edging out all other sources), and 92 percent used the internet at some point during their search process.
  • Forty-five percent of recent buyers used a mobile or tablet website or application during their home search and among those who did 22 percent found the home they purchased online.

Check out the link above for charts from the Profile that highlight the growth in technology usage over the years.

 

I Can Do It Myself! (Famous Last Words)

Non Sequitur comic strip, November 12, 2013 (click on picture for larger version)

Non Sequitur - REALTOR

If you’ve ever been tempted to buy or sell a property without the help of a licensed real estate agent, my advice is DON’T!

I’ve been a landlord for more than 30 years, and was a real estate agent for 4 years, and there’s no way I’d buy or sell without a REALTOR…. in large part because I know what can go wrong.   Real estate agents must – by virtue of their license – stay on top of all the laws and their various changes and permutations that affect real estate transactions, and believe me – there are a lot of them.

Sure, you can save a few thousand dollars by not using a licensed agent, but it’s not worth the risk.

Years ago I knew someone who decided that plumbing couldn’t be all that hard, so he decided to fix his toilet all by himself.  A week later, I finally called Jerry the plumber.  Jerry took one look, slowly shook his head and said in that very Downeast drawl he had… “Linda, don’t ever let that guy near a toilet again”.

A half hour job had been turned into a week of no toilet and a two hour fix.

It’s sort of the same with real estate, except the risk is oh so very much greater.

——————————–

To Follow Our Blog:  Real Estate, Housing & Land Use Blog
To Join Our Group on LinkedIn:  Maine Real Estate Investors Group
To Join our Group on Facebook:   Topics in Real Estate, Housing & Land Use.
To Follow Our Fan Page on Facebook:  Maine Real Estate Investors Group
To Follow On the Spot Property Management & Building Inspections on Facebook:  On the Spot Property Management
To Follow What a Great Event! on Facebook: What a Great Event!
To Find Linda on LinkedIn:  Linda Snyder
To Find John on LinkedIn:  John Snyder
To Visit Our Website:  ReGroup! Business Solutions and What a Great Event!

203Ks as a Team Sport – HUD/FHA 203K Loans (2 CEUs for Real Estate Agents)

Join us at the Greater Androscoggin Real Estate, Housing and Land Use Conference on November 8, and earn 8 CEUs approved by the Maine Real Estate Commission for real estate agents.

Two of those CEUs can be earned by taking this class designed by Dan Link of Accurate Home Inspections and 203K Consulting Services to make you more valuable to your real estate clients.

The narrative below was taken directly from Dan’s website.

203k Consulting

203k Consulting, HUD FHA Certified 203K Consulting, accredited classes for realtors, mortgage companies and real estate professionals in Portland ME, Southern Maine.

A 203k Loan is one of the most exciting and misunderstood loan products available.  The popularity of this product has exploded around the country but the 203k is not being utilized to its potential in Maine.

I am Dan Link, a certified 203k Consultant certified by the U.S. Department of Housing and Urban Development. (HUD)  I teach classes to realtors around Maine on the subject of 203k loans.  It is really a simple concept but most realtors are afraid or feel it is too difficult.  Nothing could be farther from the truth.

Many Realtors will not hesitate to help their clients to finance a home using a traditional FHA loan.  HUD calls that a 203b type loan.  A 203k loan (also an FHA type loan) is virtually no different than a 203b loan except that it has a construction component.  That means you have to get a quote from a contractor to do the work and submit it to the lender.  Otherwise they are the same.  The extra paperwork associated with the loan is mostly associated with the contractor and his bid.  If a buyer qualifies for a traditional FHA mortgage, then they will have no problems qualifying for a 203k loan.

The real secret to making 203k loans work is to make sure you have the right players on the team.  A good 203k team has a lender experienced in 203k loans, a realtor who understands the process, a contractor who is chosen by the borrower and approved by the lender and a good 203k consultant.  With a team like that, the entire process is smooth and fast.

If you have questions about 203k loans or 203k Consultants, feel free to contact me and I will answer any and all of your questions.

—————

The Greater Androscoggin Real Estate, Housing & Land Use Conference offers 4 conference tracks: one each for REALTORs®, landlords, housing professionals, and land use engineers.  John F Murphy Homes, Inc is the designated non profit, and Jim Bennett, former Administrator for the City of Lewiston will be the lunchtime keynoter.  BathFitter is the Keynote Sponsor for this conference.

For more information, contact Linda Snyder at 207 740 2247, or by email at LSnyder@regroupbiz.com, or visit the Topics in Real Estate, Housing and Land Use blog at https://realestatehousingandlanduse.wordpress.com.

Registration for the conference can be done on-line at http://androhousingconferenceattendees.eventbrite.com.

_________________________________________

For info on sponsorships, exhibiting or advertising at any of our conferences, call Linda at 207 740 2247 or email LSnyder@regroupbiz.com.

To present a seminar, workshop or activity at any of our conferences, call John at 207 713 0674 or email JSnyder@regroupbiz.com.

For your social media marketing and information in the Conference Program, email Jessamyn at JHopkins@regroupbiz.com.

For the Greater Bangor Real Estate, Housing & Land Use Conference, October 31-November 01:

To Register to Attend:    http://bangorhousingshowattendees.eventbrite.com

To Sponsor or Exhibit:  http://bangorhousingshowexhibitors.eventbrite.com

To Place an Ad in the Conference Program:  http://bangorhousingshowprogram.eventbrite.com

For the Greater Androscoggin Real Estate, Housing & Land Use Conference:

To Register to Attend:    http://androhousingconferenceattendees.eventbrite.com

To Sponsor or Exhibit:  http://androhousingconferencesponsors.eventbrite.com

To Place an Ad in the Conference Program:  http://androhousingconferenceprogram.eventbrite.com

Other Sources of Information:

To Follow Our Blog:  Real Estate, Housing & Land Use Blog

To Join Our Group on LinkedIn:  Maine Real Estate Investors Group

To Join our Group on Facebook:   Topics in Real Estate, Housing & Land Use.

To Follow Our Fan Page on Facebook:  Maine Real Estate Investors Group

To Follow On the Spot Property Management & Building Inspections on Facebook:  On the Spot Property Management

To Follow What a Great Event! on Facebook: What a Great Event!

To Find Linda on LinkedIn:  Linda Snyder

To Find John on LinkedIn:  John Snyder

To Visit Our Website:  ReGroup! Business Solutions and What a Great Event!

Why Should a Real Estate Agent Attend the Maine Real Estate, Housing and Land Use Conferences?

I Love Real Estate

If you’re in real estate, you know that the myriad of laws governing your business change so frequently it can be hard to stay on top of them all.

And even with all the possible ways of marketing your business – traditional (such as newspaper ads, radio, television, press releases and so forth), social media (Facebook, LinkedIn, Twitter, Pinterest, Digg, Postlets, Trulia, Zillow), and other tools (QR codes, various apps downloaded to your smartphone) – there’s nothing that beats getting out and meeting the people who are also interested in real estate.

Our conferences are designed to meet the educational needs of Maine real estate agents, as well as help to connect you with others in your business who can be good contacts and referral sources… which we hope will help you gain new clients such as the current landlords and potential real estate investors who attend our events.  That’s why we’re developing our conferences to have concurrent tracks for REALTORs, landlords, professionals in the housing business, and land use engineers, as well as opportunities for exhibitors, sponsors and advertisers to meet with you.

We also believe there’s no such thing as too much education.  My master’s degree is in the administration of adult education programs and I’m a major believer in life-long learning.  Even as young as high school age, I was seriously curious about everything around me, and am sort of a nut for learning as much as possible about every possible topic.  In fact, I graduated high school with 29 and a half credits, even though our school (Telstar Regional High School) only required 16 credits at the time!

In real estate, the rules and regulations change so frequently, and the consequences are so severe for an agent who misinforms a client (whether by omission or by lack of knowledge), that agents MUST stay on top of all the latest information.  So although agents only need 10.5 continuing education units per year to maintain their licenses, it really benefits everyone if agents stay on top of all the the changes, updates, and nuances of the various laws… and to do that by taking classes with the professionals who have the most recent information.

We don’t see our conferences as “instead of” the educational classes put on by the local REALTOR boards, but rather as an addition to… more of the kind of good stuff that will help make you the most successful agent you can be.

We want to be a part of your success in your dream job!

Follow That Dream

_________________________________________

For info on sponsorships, exhibiting or advertising at any of our conferences, call Linda at 207 740 2247 or email LSnyder@regroupbiz.com.

To present a seminar, workshop or activity at any of our conferences, call John at 207 713 0674 or email JSnyder@regroupbiz.com.

For your social media marketing and information in the Conference Program, email Jessamyn at JHopkins@regroupbiz.com.

For the Greater Bangor Real Estate, Housing & Land Use Conference, October 31-November 01:

To Register to Attend:    http://bangorhousingshowattendees.eventbrite.com

To Sponsor or Exhibit:  http://bangorhousingshowexhibitors.eventbrite.com

To Place an Ad in the Conference Program:  http://bangorhousingshowprogram.eventbrite.com

For the Greater Androscoggin Real Estate, Housing & Land Use Conference:

To Register to Attend:    http://androhousingconferenceattendees.eventbrite.com

To Sponsor or Exhibit:  http://androhousingconferencesponsors.eventbrite.com

To Place an Ad in the Conference Program:  http://androhousingconferenceprogram.eventbrite.com

Other Sources of Information:

To Follow Our Blog:  Real Estate, Housing & Land Use Blog

To Join Our Group on LinkedIn:  Maine Real Estate Investors Group

To Join our Group on Facebook:   Topics in Real Estate, Housing & Land Use.

To Follow Our Fan Page on Facebook:  Maine Real Estate Investors Group

To Follow On the Spot Property Management & Building Inspections on Facebook:  On the Spot Property Management

To Follow What a Great Event! on Facebook: What a Great Event!

To Find Linda on LinkedIn:  Linda Snyder

To Find John on LinkedIn:  John Snyder

To Visit Our Website:  ReGroup! Business Solutions and What a Great Event!

The Business of Landlording: Bedbugs, City Vouchers, Ask the Lawyer, and More!

The Business of Landlording: Issues Facing New & Experienced Landlords” will be the theme of the Landlords Track at the Greater Androscoggin Real Estate, Housing and Land Use Conference on November 8 at the Ramada Inn & Conference Center in Lewiston.

Planned workshops are:

8:00-11:00.  So You Want to Be a Landlord, presented by John Snyder, A.S., President, On the Spot Property Rentals & Building Inspections.

Topics include: Pitfalls & landmines both before & after a tenant signs a lease. Elements of a Good Lease.  Protecting yourself & your tenants. Rules & Regulations Landlords Must Be Aware Of.  Lead paint, CO, Sect 8, GA, non-discrimination/civil rights, evictions, bedbugs & other code issues. Getting the Best from Your Management Company.

OTS Logo - Rentals & Inspections - Square

11:00-12:00. How to Think Like a Bedbug, presented by Dale Carlson, President of HeatOnWheels.com and MaineBedbugsandPestControl.com.

BuggyLogo12

1:15-2:15. Building a Vibrant Membership Organization, a panel discussion with Chip Morrison, President, Andro Chamber of Commerce, Jonathan Labonte, Executive Director of the Androscoggin Land Trust, and Larry Marcoux, Director of Community Impact, United Way of Androscoggin

androscoggin-chamber-logo Androscoggin Land Trust United Way

2:15-3:15. General Assistance & City Voucher Programs, a joint presentation by Dot Meagher, Director of Health & Social Services, City of Auburn and Sue Charron, Director Social Services, City of Lewiston.

Lewiston - largeAuburn

3:15-4:15. Simple Steps to Save Money & Avoid Lead Abatement presented by Dana Leeper, Healthy Androscoggin.

Healthy Androscoggin

4:15-5:15, Landlord – Tenant Relations: A Legal Perspective (Ask the Lawyer) presented by Matthew Mastrogiacomo, The Mastrogiacomo Law Office.

Mastrogiacomo

The Greater Androscoggin Real Estate, Housing & Land Use Conference offers 4 conference tracks: one each for REALTORs®, landlords, housing professionals, and land use engineers.  John F Murphy Homes, Inc is the designated non profit, and Jim Bennett, former Administrator for the City of Lewiston will be the lunchtime keynoter.

For more information, contact Linda Snyder at 207 740 2247, or by email at LSnyder@regroupbiz.com, or visit the Topics in Real Estate, Housing and Land Use blog at https://realestatehousingandlanduse.wordpress.com.

Registration for the conference can be done on-line at http://androhousingconferenceattendees.eventbrite.com.

_________________________________________

For info on sponsorships, exhibiting or advertising at any of our conferences, call Linda at 207 740 2247 or email LSnyder@regroupbiz.com.

To present a seminar, workshop or activity at any of our conferences, call John at 207 713 0674 or email JSnyder@regroupbiz.com.

For your social media marketing and information in the Conference Program, email Jessamyn at JHopkins@regroupbiz.com.

For the Greater Bangor Real Estate, Housing & Land Use Conference, October 31-November 01:

To Register to Attend:    http://bangorhousingshowattendees.eventbrite.com

To Sponsor or Exhibit:  http://bangorhousingshowexhibitors.eventbrite.com

To Place an Ad in the Conference Program:  http://bangorhousingshowprogram.eventbrite.com

For the Greater Androscoggin Real Estate, Housing & Land Use Conference:

To Register to Attend:    http://androhousingconferenceattendees.eventbrite.com

To Sponsor or Exhibit:  http://androhousingconferencesponsors.eventbrite.com

To Place an Ad in the Conference Program:  http://androhousingconferenceprogram.eventbrite.com

Other Sources of Information:

To Follow Our Blog:  Real Estate, Housing & Land Use Blog

To Join Our Group on LinkedIn:  Maine Real Estate Investors Group

To Join our Group on Facebook:   Topics in Real Estate, Housing & Land Use.

To Follow Our Fan Page on Facebook:  Maine Real Estate Investors Group

To Follow On the Spot Property Management & Building Inspections on Facebook:  On the Spot Property Management

To Follow What a Great Event! on Facebook: What a Great Event!

To Find Linda on LinkedIn:  Linda Snyder

To Find John on LinkedIn:  John Snyder

To Visit Our Website:  ReGroup! Business Solutions and What a Great Event!

I Heard Someone Died in This House…. A Question Real Estate Agents Are Sometimes Asked

http://news.cnet.com/8301-17852_3-57608349-71/the-site-that-claims-to-know-if-someone-died-in-your-house/

died_610x319

The newsfeed Digg included the blog above about a website called DiedInHouse.com, which claims – for $11.99 – to tell you if someone has died in a particular house anywhere in the U.S.  The blogger, Chris Matyszczyk, starts to check into the site, then reads the disclaimers – which basically say that you can’t trust the information they’re about to provide you.   Great, huh?  We’ll tell you if someone died in this house, but we don’t have all the information so we may be wrong.  Mr Matyszczyk decides it’s worth the $11.99 to check it out.  (What the heck, it’s a business deduction, right?)

The result?   No one has died in his house.  But of course, they may not have all the information, so it may be that someone did and they just don’t know.

I figured it would be fun to spend 5 minutes checking the site out, although there’s no way I’ll spend $11.99 on this (then again, I’ve lived in some pretty creepy places…).

In any event, they claim to provide…

  • Immediate Results
  • Free follow up in 30-Days
  • Over 118 Million Records
  • Search All 50 States
  • Certified Report
  • List of Previous Residents

Further..

“Diedinhouse.com saves you time and money, by instantly providing you with the valuable information you need to be better informed.

Ask your seller or landlord for a Diedinhouse.com report or discreetly purchase a report yourself before you sign.”

Since the laws vary across the U.S. as to whether a REALTOR is required to disclose to potential buyers if a murder or suicide has occurred in a property, this site purports to help buyers out with the question.

In Maine, as REALTOR Kristen Wheatley points out, “A home seller in Maine does not have to disclose items such as a death in the home, a home believed to be haunted, the known felon living next door, or the state’s plans to put a highway through right next to the property.  Some states have disclosure laws for these “stigmatized property” items, but Maine does not.”   –  (See more at: http://activerain.com/blogsview/3466357/hauntings-deaths-meth-labs-real-estate-disclosures-in-maine#sthash.zmdTEIOj.dpuf)

So what do you think?  Would you want to know?

_________________________________________

For info on sponsorships, exhibiting or advertising at any of our conferences, call Linda at 207 740 2247 or email LSnyder@regroupbiz.com.

To present a seminar, workshop or activity at any of our conferences, call John at 207 713 0674 or email JSnyder@regroupbiz.com.

For your social media marketing and information in the Conference Program, email Jessamyn at JHopkins@regroupbiz.com.

For the Greater Bangor Real Estate, Housing & Land Use Conference, October 31-November 01:

To Register to Attend:    http://bangorhousingshowattendees.eventbrite.com

To Sponsor or Exhibit:  http://bangorhousingshowexhibitors.eventbrite.com

To Place an Ad in the Conference Program:  http://bangorhousingshowprogram.eventbrite.com

For the Greater Androscoggin Real Estate, Housing & Land Use Conference:

To Register to Attend:    http://androhousingconferenceattendees.eventbrite.com

To Sponsor or Exhibit:  http://androhousingconferencesponsors.eventbrite.com

To Place an Ad in the Conference Program:  http://androhousingconferenceprogram.eventbrite.com

Other Sources of Information:

To Follow Our Blog:  Real Estate, Housing & Land Use Blog

To Join Our Group on LinkedIn:  Maine Real Estate Investors Group

To Join our Group on Facebook:   Topics in Real Estate, Housing & Land Use.

To Follow Our Fan Page on Facebook:  Maine Real Estate Investors Group

To Follow On the Spot Property Management & Building Inspections on Facebook:  On the Spot Property Management

To Follow What a Great Event! on Facebook: What a Great Event!

To Find Linda on LinkedIn:  Linda Snyder

To Find John on LinkedIn:  John Snyder

To Visit Our Website:  ReGroup! Business Solutions and What a Great Event!

Bucksport, Maine on a Perfect Fall Day

Bucksport Bridge

Most of the time I’m stuck behind the desk in my home office, which means my view is pretty limited and of course, doesn’t vary much.

Some days, I’m lucky enough to be able to work from our 1200 square foot back deck.  It’s on two levels, and built into a wooded hill with a 45 degree pitch, a babbling brook down below, and a frog pond off to one side.  Those days are the best.

But yesterday was one of those that’s hard to beat.

Because of a major technology glitch in which emails on our upcoming conferences were disappearing into black holes (not spam or junk folders… just literally gone), I decided I had to get out and hand-deliver conference flyers to real estate agencies and other businesses in the greater Bangor area.

I couldn’t have picked a better day for a road trip.  It was an absolutely glorious fall day in Maine.

First stop, Belfast – a quaint and fun little town where I once had the best bowl of oatmeal of my life.  Unfortunately, that cafe is long gone, but the Belfast Co-op is still going strong… and I couldn’t resist a giant oatmeal-walnut-chocolate chip cookie as an early lunch.

From Belfast, I headed to Ellsworth via Bucksport… and had to pull over at a “scenic viewpoint” to take the pictures posted here.  I had forgotten how beautiful Bucksport is, and the bridge is absolutely stunning.  And fun to drive across!

Bucksport - On the Bridge

Ellsworth has grown.  A lot.  The wonderfully historic downtown with a concentration on boutique and artsy type shops anc cafes is much as as I remember it, but has also become a gateway to a huge concentration of malls, box stores and massive development.   Some of the locals I spoke with shook their heads when I mentioned the area has changed in the 30 years since I’d last been there.  Yes, it’s progress.  Is it good or bad?   It all depends on your perspective, of course.

Then off to Bangor… another lovely drive.  Years ago (1977 and 78), I lived in Bangor, but it’s also changed considerably.  It amazes me how much highway there is for the small population, but given the huge land area covered, that highway is pretty necessary….  and even though I’ve been there quite a few times in the past year or so, I can still get a little lost.  Luckily, yesterday went like a charm, and I was able to touch base with about 15 or so real estate agencies.

So, even though technology glitches can be a nightmare, sometimes it means one just has to get out from behind one’s desk and be reminded of the real world.

My only regret?  I didn’t take more photos.

Bucksport  Bucksport 2

_______________________________________________

For info on sponsorships, exhibiting or advertising at any of our conferences, call Linda at 207 740 2247 or email LSnyder@regroupbiz.com.

To present a seminar, workshop or activity at any of our conferences, call John at 207 713 0674 or email JSnyder@regroupbiz.com.

For your social media marketing and information in the Conference Program, email Jessamyn at JHopkins@regroupbiz.com.

For the Greater Bangor Real Estate, Housing & Land Use Conference, October 31-November 01:

To Register to Attend:    http://bangorhousingshowattendees.eventbrite.com

To Sponsor or Exhibit:  http://bangorhousingshowexhibitors.eventbrite.com

To Place an Ad in the Conference Program:  http://bangorhousingshowprogram.eventbrite.com

For the Greater Androscoggin Real Estate, Housing & Land Use Conference:

To Register to Attend:    http://androhousingconferenceattendees.eventbrite.com

To Sponsor or Exhibit:  http://androhousingconferencesponsors.eventbrite.com

To Place an Ad in the Conference Program:  http://androhousingconferenceprogram.eventbrite.com

Other Sources of Information:

To Follow Our Blog:  Real Estate, Housing & Land Use Blog

To Join Our Group on LinkedIn:  Maine Real Estate Investors Group

To Join our Group on Facebook:   Topics in Real Estate, Housing & Land Use.

To Follow Our Fan Page on Facebook:  Maine Real Estate Investors Group

To Follow On the Spot Property Management & Building Inspections on Facebook:  On the Spot Property Management

To Follow What a Great Event! on Facebook: What a Great Event!

To Find Linda on LinkedIn:  Linda Snyder

To Find John on LinkedIn:  John Snyder

To Visit Our Website:  ReGroup! Business Solutions and What a Great Event!

Sales of Homes in Maine Up Nearly 25% in September 2013.

From the Maine Association of REALTORs eblast, 10.21.2103.

SALES AND VALUES UP:  In a press release to the media today, Maine Listings reports the number of homes sold increased 24.59% in September 2013 compared to September 2012. The statewide median sales price (MSP) increased 1.76% to $173,000 during that same time period. For the complete report:

http://mainerealtors.com/Statistics/2013PressReleases/MaineHousingReport-September2013.pdf

 

_______________________________________________

For info on sponsorships, exhibiting or advertising at any of our conferences, call Linda at 207 740 2247 or email LSnyder@regroupbiz.com.

To present a seminar, workshop or activity at any of our conferences, call John at 207 713 0674 or email JSnyder@regroupbiz.com.

For your social media marketing and information in the Conference Program, email Jessamyn at JHopkins@regroupbiz.com.

For the Greater Bangor Real Estate, Housing & Land Use Conference, October 31-November 01:

To Register to Attend:    http://bangorhousingshowattendees.eventbrite.com

To Sponsor or Exhibit:  http://bangorhousingshowexhibitors.eventbrite.com

To Place an Ad in the Conference Program:  http://bangorhousingshowprogram.eventbrite.com

For the Greater Androscoggin Real Estate, Housing & Land Use Conference:

To Register to Attend:    http://androhousingconferenceattendees.eventbrite.com

To Sponsor or Exhibit:  http://androhousingconferencesponsors.eventbrite.com

To Place an Ad in the Conference Program:  http://androhousingconferenceprogram.eventbrite.com

Other Sources of Information:

To Follow Our Blog:  Real Estate, Housing & Land Use Blog

To Join Our Group on LinkedIn:  Maine Real Estate Investors Group

To Join our Group on Facebook:   Topics in Real Estate, Housing & Land Use.

To Follow Our Fan Page on Facebook:  Maine Real Estate Investors Group

To Follow On the Spot Property Management & Building Inspections on Facebook:  On the Spot Property Management

To Follow What a Great Event! on Facebook: What a Great Event!

To Find Linda on LinkedIn:  Linda Snyder

To Find John on LinkedIn:  John Snyder

To Visit Our Website:  ReGroup! Business Solutions and What a Great Event!

How Many Children Per Bedroom in the Typical American Home?

The following is a repost from the National Association of REALTORs.

NAR Blog

  • A friend of mine recently remarked that my neighbors, who have two young children in a 2 bedroom apartment, would surely not be around for long since they would need more space on account of the children. Children need their own rooms, he argued.
  • Since I grew up with two sisters and recall sharing a room more often than having my own space as a child, I thought this viewpoint couldn’t possibly be correct.
  • On account of government data being unavailable for the time being (seehttp://outage.census.gov/closed.html), I took a look at recent data from our Profile of Home Buyers and Sellers which is based on a survey of recent home buyers. The experience of all households which would include renters and long-time owners as well as recent buyers may be different, but examining the Profile gives us good insight into the actions of recent home buyers.
  • What I found probably explains why my friend and I had different thoughts on the matter. I am from a family of three children. My friend has only one brother.
  • According to recent profile data, roughly a third (32.7 percent) of homes purchased by buyers with three children under the age of 18 had 3 or fewer bedrooms. Assuming that one of these bedrooms is used by the adult(s) in the household, roughly a third of 3-child purchasers would likely have children sharing a room.
  • By contrast, among households with two children only 4.1 percent of recent home buyers were purchasing a house that implied some sharing for the children (2 bedroom or smaller).
  • Sharing a bedroom is the norm among households with 4 or more children under 18. Nearly seven in ten 4-children households lived in a 4-bedroom or smaller home, implying sharing among the children.
  • The chart below shows median number of bathrooms and bedrooms broken down by number of children under 18 in the house. The more children, the more bedrooms the typical or median family has.

  • What are your clients’ attitudes on the number of children for each bedroom? Is there a clear norm in your market?

Danielle Hale, Research Economist

As a Research Economist at NAR, Danielle studies tax issues, the wealth impact of home ownership, and different measures of home prices.

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    9 10 11 12 13 14 15
    16 17 18 19 20 21 22
    23 24 25 26 27 28 29
    30 1 2 3 4 5 6