George recently retired as an Associate Broker for Windermere Real Estate, Hailey – Sun Valley to dedicate more time to his passions of online marketing, professional photography and consulting those that need marketing help. George started his real estate career in 1975 in the Seattle area. In 1977 he received an award for his 1st …
Local and Real Estate News
Economists Now Say Housing Prices Won’t Recover Until 2013
U.S. home prices will stagnate through next year and only start recovering in 2013, according to economists polled by Reuters who also felt the stimulus options being floated will not do much to reinvigorate the market. The housing market, considered by many as critical to any meaningful economic recovery, is still struggling to find its …
It’s Official – 76th Winter Season Starts Thanksgiving Day in Sun Valley
The slopes are a go: Sun Valley Ski Resort will open at 9 a.m. on Thanksgiving Day with five lifts operating on Bald Mountain and two on Dollar Mountain. It’s the best and only option if you live in Southwest Idaho. Bogus Basin and Brundage are still waiting for more snow. Sun Valley is only …
Freddie Mac Announces Winter Sales Promotion
HomeSteps, the real estate sales unit of Freddie Mac, is launching a nationwide winter sales promotion for its inventory of foreclosed homes in select locations starting today. News Facts Under the HomeSteps Winter Sales Promotion HomeSteps will pay up to 3% of the final sales price towards the buyer’s closing costs and a $1,000 selling …
Many US Homeowners Are Effectively Underwater
A new report on still-falling home prices today highlights the fact that the lower those prices go, the more American borrowers fall into an negative equity position; that is, they owe more on their mortgages than their homes are worth. Most analysts will tell you that negative equity is the number one problem in the …
Regulators Take Over Mortgage Insurer
Arizona Takes Over Struggling PMI Group; Move Hits Lenders and Investors A key piece of the nation’s mortgage market is showing new cracks. Arizona regulators have taken over a big mortgage insurer and put restrictions on its claims payments, the latest indication that the housing bust is not finished taking casualties—and that lenders and investors …
Analysis: New wave of foreclosures to push prices lower
And a fresh drop in home prices is likely to result. Banks have stepped up the pace of home seizures after a year-long slowdown brought on by the “robo-signing” scandal in which banks were accused of seizing properties without a proper review of loan documents. The number of foreclosure filings — which include default notices, …
Silver Creek Horse Ranch – Extraordinary Property
Spacious custom built Santa Fe style home located on spectacular property with Silver Creek frontage near Sun Valley. The single level design features 4500 square foot of unique, private living. The property is beautifully landscaped with mature trees overlooking the facilities and beyond. Ownership includes private ownership of Silver Creek frontage, plus access rights to …
View All Bank Owned REO Listings in the Greater Sun Valley Idaho Areas
View all Bank Owned REO listings currently available for purchase listed in the Sun Valley Board of Realtors MLS database. These are not Short Sales subject to lenders approval, these are homes owned by various banks, Fannie Mae, Freddie Mac, etc., that are ready to purchase and close without extended negotiations with both the seller …
Most Sun Valley Buyers Aren’t Local – Look who’s looking . . .
Below is a list of the zip codes people live that have visited my personal real estate website, www.GeorgeMartinJr.com within the past 45 days. A high percentage of visitors stay on the site in excess of 60 minutes searching for properties. According to the 2010 Profile of Home Buyers and Sellers released by the Association …
Regulator defends $12.79 million in bonuses for Fannie, Freddie executives
The regulator for Fannie Mae and Freddie Mac on Thursday defended their million-dollar executive bonuses which have come under fire given huge losses at the government-owned mortgage firms. Federal Housing Finance Agency’s acting director Edward DeMarco said in a November 10 letter to U.S. lawmakers the salaries and deferred compensation awarded to executives are necessary …
Home Sale After Bad Foreclosure Isn’t Valid, Court Rules
October 19, 2011 Home Sale After Bad Foreclosure Isn’t Valid, Court Rules A Massachusetts man who bought property in a faulty foreclosure sale didn’t have the right to bring a court case over the property because he isn’t the owner, the state’s high court ruled. The Supreme Judicial Court, which in January found that banks …
Bank Slashes Price – Beautiful 1 Acre homesite with water, power, paved street & more. Now $89,000
As you drive into this quality acreage community of Griffin Ranch you will notice the beautiful street scape as the boulevards are wide, the roads are paved and are lined with post and rail log fencing. Of course in the background views
