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Jackie Colson-Miller

Jackie Colson-Miller
Direct - (813)629-5757
Toni Everett Company
5000 Bayshore Blvd
Tampa, FL 33611
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'Real Estate Trends'

        

What is The “Misery Index” and Are We Really “Miserable” in 2008? Tampa Real Estate News and More!

Filed under: Jackie Colson-Miller, Real Estate News, Real Estate Trends, Tampa Real Estate Agent, Tampa Real Estate Market

The Latest News on The Tampa Real Estate Market every day on The Real Estate Sizzle!

Many Americans would tell you that things in the U.S. seem pretty “miserable” these days.  Gas Prices are up, along with the price of anything that needs to be “transported”, including groceries. Home Prices are down, and there is plenty of talk that the stock market is about to “tank” any minute. I know, the home sellers in Tampa are feeling pretty miserable. Yes, everyone is feeling a financial “pinch”.  But, is this the worst that we have seen in our lifetime? NO

It’s time for a “reality check”!  The graphic below, from the Wall Street Journal details the “misery index” for the past 38 years, divided by various Presidential Administrations. What is the “Misery Index”? It is the sum of the unemployment and consumer price inflation rates! It makes perfect sense: Job Loss + High Prices = Misery. When I read this on Saturday, I knew that I had to talk to my readers about it. I have a Psych degree and I love statistics. You can argue any point with me, as long as you have facts to back up your opinion. But, opinion without fact is fiction.  You see, so many of us have no historical knowledge of what has “REALLY’ happened during our lifetime. So, here it is in Black and White. MiseryIndex

When was the U.S. at the height of the “Misery Index”? 1981.  During the Carter Administration. The Inflation rate was over 20%. Mortgage rates were in the “teens”. Ironically, the dollar was strong.  I studied in Europe that year and lived like a queen for a mere pittance!

When was unemployment at an all time high? 1983. The early Reagan years. It was over 10% for the only time in those 38 years. Since then, statistics show, we have become increasingly “less miserable”.

When was the U.S. the “least miserable”?

Two years ago, during the current Bush administration. With unemployment below 5%, along with the lowest rate of inflation, combined with “cheap money” in the mortgage industry, life was good. And, the “misery index” TODAY, shows we are still below the “MISERY” level at the beginning of ANY previous presidential term, dating back to Richard Nixon.  Those are the facts. 

Historical facts, not political opinion. Good information for all Americans.

Yes, Americans are feeling the “pinch”, as is the Tampa Real Estate Market.  It ’s too bad our memories don’t serve us as well, because the numbers prove us wrong! We are not REALLY miserable, history tells us that!

As always, I present the facts, and welcome your thoughts, every day, on The Real Estate Sizzle!

 


What to Look For In a “Green” House…Homeowners Helping the Environment

Filed under: Florida Real Estate, Green houses, Real Estate News, Real Estate Trends, Tampa Real Estate

THE LATEST NEWS ON THE TAMPA REAL ESTATE MARKET, BUYING A HOME IN TAMPA, AND REAL ESTATE ISSUES AROUND THE WORLD, EVERY DAY, ON THE REAL ESTATE SIZZLE.

Today is Blog Action Day bloggers around the world will be writing about ways to help the environmentthe Real Estate Sizzle is proud to be a part of it.

Green housing and eco-friendly materials are becoming a large part of the housing industry. Commercial Developers are also using green materials to attract higher rent prices and eliminate sick buildings .

Natural materials, such a wood and stone as flooring materials, instead of carpeting are becoming the norm in the green movement. Natural stone countertops, low flow toilets and higher efficiency windows, along with air conditioning systems with a higher SEER rating are just a few of the ways homeowners can help the environment.

Aside from using natural materials in construction, homeowners can also help the environment by limiting the use of chemicals, pesticides and other non-organic substances in their homes.

You can read more about natural ways to enhance your home, garden and your well-being, in some of my previous articles:

Natural Pest Control

Where to Buy Organic Products in Tampa

If you are interested in buying a green house in Tampa, contact me!


Finding the Perfect House is Like Finding the Perfect Pair of Shoes!

Filed under: Buyers, Real Estate News, Real Estate Trends, Tampa Real Estate, Tampa Real Estate Market

I was shoe shopping one day last week and, in the midst of trying on the 50th pair of shoes, I sank into the cushy chair and lamented the fact that the perfect shoe simply does not exist. There are stylish shoes, beautiful shoes, and comfortable shoes, but they are generally Shoesmutually exclusive. To find the stylish shoe that perfectly fits your foot, and is COMFORTABLE, is nearly impossible. So, how long do you look for the perfect shoe, before you settle into one that fits better than the rest and looks good, too. That scenario, and the feeling of frustration, reminded me of the conversation that I have with buyers, when they are looking for the perfect house in Tampa.

The ˜perfect house is the one you design yourself. You agonize over every detail and by the time it is built, chances are there is something about it that you would like to change, because your desires, or needs have changed..it doesnt quite fit you anymorelike a shoe that has started to pinch your toes after three hours. The breakfast room is about 3 feet too small, or the dressing room needs room for a tuffet, so you can ˜sit to put on your new shoes! That is why the first house you build, is often an entree into a home-building adventure of three, or four houseseach representing the better version of the previous one. It is the constant search for perfection. But, perfection is evolving it depends on your perception of perfection at a specific moment is time, based on your desires and emotions of that moment. But, not everyone has the option to build , so, for most homebuyers, they have to shop retail , just like they were shopping for a pair of shoes. It involves a lot of looking before you buy, and is often accompanied by many emotions, including some frustration.

Buying the wrong house, based on emotions, and not what fits your needs can be painful and costly. I ask my buyers to make a list of the ˜top ten things they want in a house. If it is a couple , I ask each of them to make independent lists. That exercise enables the buyers to focus on the most important details in their perfect home. When we narrow the search to several homes that have most of those ten qualities, they realize that they have several options for the perfect house ! And, they dont have to build it!

I did find a pair of shoes that dayvery stylish, black suede and oh, so comfortable. And, since they were having a ˜saleI bought the same shoe in ˜brown. Because, it might be a while before I find the right combination of style, and comfort, to fit me again!

If you are looking for the perfect house in Tampa , contact me. I know I can find ˜one for youor maybe ˜two different styles for different needsa condo on the beach and a place in the city! Why not?

I can help with your move to any Tampa neighborhood and information on any issue concerning Tampa Real Estate, including: South Tampa, Davis Islands, Beach Park, Sunset Park, Hyde Park, Culbreath Isles, Palma Ceia, Westchase, Waterchase, Odessa, Cheval, Avila, Brandon, Riverview, FishHawk, New Tampa, Tampa Palms, Hunters Green, Arbor Greene, Apollo Beach, South Shore, MiraBay, Golf Communities, Waterfront Homes, Luxury Homes in Tampa, Condos in Tampa and International Real Estatecontact me!


The Real Estate Sizzle in New York City…This Week

Filed under: International Real Estate, Real Estate News, Real Estate Trends, Tampa Real Estate Market, Where is Jackie Now?

THE LATEST NEWS ON THE TAMPA REAL ESTATE MARKET, BUYING A HOME IN TAMPA, AND REAL ESTATE ISSUES AROUND THE WORLD, EVERY DAY, ON THE REAL ESTATE SIZZLE.


I am taking a break from the Tampa Real Estate market this week, while attending a FIABCI member event at the United Nations in New York City.

Unlike many other parts of the country, the Real Estate market in New NewyorkYork City is still sizzling and I will have the opportunity to meet with International Real Estate Specialists from the local market and around the World, and have a look at some properties in Manhattan.

For a peek at the latest on the Manhattan Real Estate Scene, visit Urban Digs. It is one of the best blogs in the industry and really captures the pulse of the NYC real estate market.

Seeing the brisk sales in the City, as well as other fast-selling areas in the U.S., reminds us to ignore the national media regarding the housing crisis . New York is the perfect example of how local real estate issupply and demand, local economy and job growth determine the health of a any real estate market. National Statistics are just thatNationaland Real Estate is Local.

So, today, Im off to have a look at that booming Manhattan Real Estate Market$1000/square foot??? Tampa real estate is a bargain!
Would you like to read some previous articles in the “Where is Jackie Now?” series:

The Miami Biltmore
Live Without A Car…In Europe

Buying Real Estate in Vienna

I can help with your move to any Tampa neighborhood, including: South Tampa, Davis Islands, Beach Park, Sunset Park, Hyde Park, Culbreath Isles, Palma Ceia, Westchase, Waterchase, Odessa, Cheval, Avila, Brandon, Riverview, FishHawk, New Tampa, Tampa Palms, Hunters Green, Arbor Greene, Apollo Beach, South Shore, MiraBay, Golf Communities, Waterfront Homes, Luxury Homes in Tampa, Condos in Tampa and ….International Real Estatecontact me!


Short Sale vs. Foreclosure in Tampa…What Should You Do?

Filed under: Real Estate News, Real Estate Trends, Sellers, Short Sale, Tampa Real Estate Market

Facing Foreclosure in Tampa? A “short sale” might be the answer…
The drop in Real Estate Values this year, along with Adjustable Rate Mortgages, Sub-prime loans and zero down financing have created a situation where homeowners cannot meet their mortgage obligations.

When a homeowner is facing this issue, he should consider a short sale . What exactly IS a short sale ? A property is sold for LESS than what is owed on the loan and the lender accepts that payment in FULL. The Seller escapes foreclosure and the lender does not report a foreclosure to the credit bureaus, which would affect the sellers credit for 7 10 years. A short sale will have a smaller affect on the sellers credit rating and will show late payments on the mortgage, but it is a much better option than foreclosure.

Foreclosure is a very COSTLY process for a lender, so many lenders are willing to accept a short-sale, in order to cut their losses.

What is the first step in the short sale process? Call your lender and contact the loss mitigation department as soon as you have missed a mortgage payment. Explain your financial situation and ask for a short sale package, to see if you are a candidate for a short sale. You will need to provide them with your financial information and also write a “letter of hardship”., explaining the reason you cannot continue to meet your financial obligations. Next, contact your real estate agent and tell her you are facing a short sale . Your agent is a critical part of the short sale process, and will be negotiating with the lender, on your behalf, after you have submitted all of the short sale paperwork required.

If you have any questions about the short sale process, or think you may be a candidate for a short sale and need representation in the sale of your home.please contact me!

All costs involved in the short sale are paid by the lender, so do not attempt to maneuver through this process without professional help.

You can contact me at 813.629.5757, or via email: mailto:Jackie@RealEstateSizzle.com


Yes Virginia, There Are Mortgages Available!

Filed under: Buyers, Florida Real Estate, Real Estate News, Real Estate Trends, Tampa Real Estate Market, mortgage news

Are you buying real estate in Tampa, Florida, or anywhere in the U.S.? In the past few weeks, the demise of several mortgage companies and the restructuring of others, has real estate buyers wondering, Can I MortimageStill get a mortgage? .
The AnswerYESConventional loans under $417,000 are readily available, especially to those buyers with credit scores of 680 and higher.
Jumbo loans, those above $417,000, experienced an increase in the interest rate recently. Stated income loans, those requiring no documentation, and other similar mortgage products are the types of loans that will be increasingly hard to obtain, especially for the self-employed person, and are undergoing tougher scrutiny in the underwriting process.

The Bottom Line? If you have a good credit score, verifiable income, a debt-to-income ratio within certain limits, and the house appraises for the purchase price, or higher, you should be able to get financing.

The best source of a reputable lender is always an experience real estate agent. If you are buying a home in Tampa, please contact me for the a lender who best suits your needs.

If you enjoyed this article, you should also read…Choosing the Right Day for Closing!


Tampa is #1 Buyer’s Market in the Country

Filed under: Buyers, Florida Real Estate, Real Estate News, Real Estate Trends, Sellers, Tampa Real Estate Market

Forbes Magazine just ranked the top 5 Buyers Markets in the U.S.

According to the article , Tampa has an oversupply of housing available, due to investors, but it is also a resilient housing market, due to economic and job-growth projections. Arbor_greene5

Here are the top 5 Buyers Markets, according to Forbes Magazine:

1. Tampa

2. Minneapolis

3. Miami

4. Kansas City, MO

5. Chicago

With low mortgage rates and plenty of inventory to choose fromIts Time to Move!


“Green Houses” and Other Eco-Friendly Trends

Filed under: Construction, Insurance, Real Estate Trends

Heres a look at the green housing trends you ought to know as you navigate todays Real Estate market.

  • Copper roofs. Copper and copper alloys, such as brass and bronze, are showing up on roofs, entryways, facades, gutters, and downspouts. Despite being quite pricey to purchase and install, theyre seen as a good long-term investment because they tolerate inclement weather. A copper roof thats installed properly will last beyond 100 years versus a composition roof that may last only 30 years, says Ken Geremia, manager of communications for the Copper Development Association in New York City. Copper elements also can be completely recycled, so youll never find them left on a site or plowed under a foundation, says Geremia.
  • Timber framing. Timber framing requires significantly less lumber than the traditional stick-built housing and almost always incorporates superior insulating panels (SIPS), which keeps heat and air conditioning from escaping the house. Theres less waste when large timbers are used, compared with conventional construction that produces sawdust and waste every time a 2-by-4 stud is planed, says Frank Baker, president of Insulspan and Riverbend Framing, part of PFB Corp. in Calgary, Canada. In addition, less energy is needed to power machines and kiln dry wood because timber framing uses freshly cut wood, he says. Timbers are prefabricated and arrive at the building site ready to be assembled, paring construction waste. Costs vary according to finishes selected, just as they do with stick-built housing.
  • Windows that beat the heat. Low-emittance (Low-E) windows, doors, and skylights offer natural light while blocking the suns UV rays that heat up the inside of a home, sometimes necessitating air conditioning. The special low-E glazing also stops the sun from fading fabrics, wall coverings, and artwork. When shopping for low-E windows, find out what percentage of rays are blocked by checking the UV label on the glass, advises Rod Clark, product marketing manager for Jeld-Wen Windows and Doors in Klamath Falls, Ore. Most low-E products block 70 percent to 90 percent. Next, examine the glass for clarity. Most people want glass thats clear rather than with a slight tint or color, he says. Though some manufacturers may tout triple over double glazing, Clark says its usually more than youll need.
  • Rainwater holding tanks. Capturing rainwater and storm runoff helps reduce the burden on local sewer systems and captures water that can be used in other ways, such as for watering the yard or flushing toilets. In the National Homebuilder Mainstream GreenHome, a 4,000-square-foot demonstration home being completed in Raleigh, N.C., a rainwater cistern and detention tank system will show that 95 percent of stormwater on a site can be recycled, reused, and absorbed. The rainwater cistern will collect water from the roof and gutters, filter it multiple times, and direct it to indoor plumbing, the laundry, and the sprinkler system. Overflow from the cistern will be funneled into inexpensive detention tanks to be absorbed gradually back into the ground.
  • Chemical-free lighting. LED lighting (LED stands for light emitting diodes) is a semiconductor that emits light when an electric current is applied. One big advantage: It contains no hazardous chemicals like other lighting does. For instance, compact fluorescents contain mercury and incandescent bulbs have gasses that hurt the ozone layer. In addition, an LED fixture uses 80 percent less energy than a traditional incandescent light bulb and has the ability to last up to 20 years, says Ron Lusk, chairman, president, and CEO of the Dalllas-based Lighting Science Group Corp., the first company to market a high-output, dimmable, Edison-base white-LED light bulb. LED bulbs also provide quality crisp light that shows colors in a natural palette, Lusk says. The downside: the initial cost. A typical 40-watt LED light will run about $39 while an incandescent light will cost $4 to $5, Lusk says. He believes that prices will come down as more businesses and home owners switch, as power companies offer better consumer rebates, and if the government makes the purchase of these energy savers deductible.
  • Green toilets. Water-conserving toilets can boost your budget while also helping the environment. Make smart choices in choosing products throughout your house, and you can save 30 percent to 50 percent on your annual water bill, says Ori Sivan, co-owner of Greenmaker Supply Co. in Chicago, which sells environmentally sensitive building products and materials. New green toilets conserve water in different ways: low-flow toilets use about 20-percent less water per flush, dual-flush toilets with two buttons give home owners the option of flushing with a half or full tank, and pressure-assist toilets reduce water usage by half and yield a powerful whooshing sound, says Sivan. Totos Aquia dual-flush toilet with a soft-closing seat (pictured at right) costs $300, comparable with other quality toilets, Sivan says.
  • Geothermal heating and cooling. Instead of using a traditional furnace that heats or cools air and emits carbon monoxide during the process, geothermal pumps are filled with water and glycol and rely on the earth as a heat exchanger. In winter, the system sends warm air into rooms; in summer, it brings cool air. Though the initial cost is twice as much as a traditional heating and cooling system, the payback comes five years down the road when you start reaping the benefits of much lower heating and cooling costs, says developer Ron Fleckman, president of Cyrus Homes in Evanston, Ill. His company is building 40 townhouses in Evanstons Church Street Village development, which uses a geothermal system and other green elements. It is one of the first communities nationwide to test this type of construction. Because the cost of natural gas is climbing, the payback will be quicker, he says. Home owners can also retrofit an existing house with this system.
  • Attic heat blocker. TechShield roofing panels, produced by LP Building Products in Nashville, stop the domino effect of inefficient roofing material. Poorly insulated roofing lets radiant heat into the attic, which then spreads throughout a home and requires the owners to turn on the air conditioner. By contrast, TechShield blocks up to 97 percent of the radiant heat, reduces the attic temperature 30 degrees, and cuts energy consumption and carbon gases as a result. You can cut monthly energy bills by as much as 20 percent, says Rusty Carroll of LP Building Products. The panels are made of a thin layer of aluminum foil laminated to OSB (oriented strand board) roof sheathing, which is made from fast-growing trees, and installed in the attic of new construction. The panels are used in conjunction with insulation rather than as a substitute, Carroll says. He recommends them both for houses in the South and Sunbelt where rays are strongest. A 3,000-square-foot house might cost $1,000 to $1,500 to outfit with the panels.

Smart irrigation systems. WeatherTRAK controllers automatically adjust watering schedules based on the needs of your landscape and local weather conditions. The systems brain receives satellite data with information about local weather conditions. An additional moisture sensor shuts down the system if it starts to rain when the sprinkler is on.

In Tampa, you can find “green houses” in some of the newer developments, including FishHawk Ranch. For more information about buying a “green house” or any questions, please contact me.

National Association of Realtors, Realtor News