Thursday, March 29, 2012

Houses Crisis will end this year

By most indicators, especially the local ones, the housing market is stabilizing and lining up where it should, had there not been a bubble.
Although many homeowners saw a marked depreciation in the value of the homes in the last several years, it was relative.
The bubble that encouraged super-high prices was just that, an ailment, a weak spot in the hose where the rubber bulged before it burst.
The fix included getting the hose back to where it was before the bubble and here we are, according to researchers.
The latest market studies indicate home prices are about where they were back in 2002.
Home sales in Idaho's Panhandle have been relatively good, with buyer's taking advantage of solid prices.
According to a recent report by the default service industry, the housing market will begin to stabilize this year. That means it will get stronger. It will take a while for prices to go up as the stabilization sets in.

Here's the story by DSNews:

Capital Economics expects the housing crisis to end this year, according to a report released Tuesday. One of the reasons: loosening credit.
The analytics firm notes the average credit score required to attain a mortgage loan is 700. While this is higher than scores required prior to the crisis, it is constant with requirements one year ago.
Additionally, a Fed Senior Loan Officer Survey found credit requirements in the fourth quarter were consistent with the past three quarters.
However, other market indicators point not just to a stabilization of mortgage lending standards, but also a loosening of credit availability.
Banks are now lending amounts up to 3.5 times borrower earnings. This is up from a low during the crisis of 3.2 times borrower earnings.
Banks are also loosening loan-to-value ratios (LTV), which Capital Economics denotes “the clearest sign yet of an improvement in mortgage credit conditions.”
In contrast to a low of 74 percent reached in mid-2010, banks are now lending at 82 percent LTV.
While credit conditions may have loosened slightly, some potential homebuyers are still struggling with credit requirements. In fact, Capital Economics points out that in November 8 percent of contract cancellations were the result of a potential buyer not qualifying for a loan.
Additionally, Capital Economics says “any improvement in credit conditions won’t be significant enough to generate actual house price gains,” and potential ramifications from the euro-zone pose a threat to future credit availability.

Ralph Bartholdt
Agent Keller Williams Coeur d'Alene

Tuesday, March 27, 2012

Super Spirit Lake, Idaho home

Call me for any of the homes you see on this site, and throughout North Idaho. I will be happy to represent you, to make certain you get the best value for your money!

Ralph Bartholdt
Agent Keller Williams Coeur d'Alene

Saturday, March 10, 2012


I had scheduled an open house at a nice home in Montrose today - that's the Post Falls subdivision west of Chase Road and just north of Seltice.
It was a windy day that started with sun, but clouds pushed in, turning the day into an overcast, windbreaker, brisk-walk affair.
The few people I saw outside jogged past with stocking caps and mittens, walked their pooches bundled in the last of the winter gear, or opted to drive with their windows up and the heater turned on.
I had no visitors the entire 3 1/2 hours I was at the place.
The balloons I had tied to my Open House signs from Seltice to Poleline fell victim to the wind that busted their moorings and sent them north. Sayonara.
After an hour or two, I dug out my camera and spent the remainder of the day taking photos of the wonderful amenities, and the tasteful decor of the place.
Next week, I plan another open house and encourage anyone who may be interested, or who knows someone who is interested, to stop by.
It's pretty casual.
There's no sales pitch.
It allows neighbors, future buyers or sellers to chat with a Realtor (not mandatory) and get a feel of what this market holds.
I'll keep you posted.

Ralph Bartholdt
Agent Keller Williams Coeur d'Alene

Thursday, March 8, 2012

Radical spring day

Phillip Beggs of Hauser spent the afternoon Thursday at Independence Point perusing a copy of Radical by David Platt. Temperatures in the upper 50s, with a good dose of sunshine had many local revelers enjoying the spring weather that is supposed to last through the weekend. Ralph Bartholdt

Friday, March 2, 2012

Harrison, Idaho Real Estate

I got a call from a local Realtor asking me about this place.
I can't repeat what he/she said, but I thought afterwards that Harrison, Idaho, the town where this listing is located at the edge of the 4-block commercial district, is one of the most scenic, family-oriented, summer recreational hotspots on Idaho's gem-like Lake Coeur d'Alene, a town that once vied for the state's capital, once the largest community in the Gem State, a town of historical and cultural significance.
Here's the listing: CDA MLS # 11-10291

As I say in the video, "Don't judge a book by it's cover."

Ralph Bartholdt
Agent Keller Williams Coeur d'Alene