The Power Is Now magazine August/September 2015

August / September 2015 Vol. 02 | Issue 12

REAL ESTATE MARKET FOCUS ON: COLORADO, NORTH CAROLINA, SOUTH CAROLINA, INDIANA AND ARIZONA

EDITORIAL: PAYMENT SYSTEMS IMPLEMENTATION OF THE TILA-RESPA INTEGRATED DISCLOSURE

a person’s dream home is not a “Finding job to me. It’s my passion.”

CHRISTOPHE CHOO

We proudly welcome ZipRealty™ and its innovative technology platform to our family of real estate brands!

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Any of Our the PIN magazine THE POWER IS NOW INC. Vol. 02 | Issue 12 Eric Lawrence Frazier, MBA President and CEO Office: (800) 401-8994 Ext. 703 Direct: (714) 361-2105 Eric.Frazier@ThePowerIsNow.com www.thepowerisnow.com www.blogtalkradio.com/thepowerisnow

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EDITORIAL TEAM Eric Lawrence Frazier MBA Editor in Chief (800) 401-8994 Ext. 703 Alexandra Attinger Managing Editor (800) 401-8994 ext. 708 alexandra.attinger@thepowerisnow.com Goldy Ponce Arratia Graphic Artist and Design Manager (800) 401-8994 ext. 711 goldy.ponce@thepowerisnow.com

CONTRIBUTORS Eric Lawrence Frazier, The Power is Now Research Team

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CONTENTS: Mission and Vision of the PIN Magazine .......................................(page 6)

EDITORIAL Security and Future of Our Payment Systems.............................(page 10)

THE CEO CORNER Sabrina Jackson.............................................................................(page 12)

OUR COVER Christophe Choo............................................................................(page 18)

BUSINESS Is the AirBnB Case an Isolated Case?..........................................(page 22)

GREEN Green Will Always Be In.................................................................(page 24)

ECONOMICS What the Current Rise in Payroll to Population Rate Means......(page 28)

FINANCIAL Implementation of TILA - RESPA Integrated Disclosure..............(page 30) House Passes Oversight CFPB Bills................................................(page 32)

REAL ESTATE Real Estate Market Focus: Real Estate Market Focus: Real Estate Market Focus: Real Estate Market Focus:

august / september 2015

Colorado...........................................(page 34) Indiana..............................................(page 36) North Carolina..................................(page 40) Arizona..............................................(page 42)

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page 30

page 70

page 86

page 62

Real Estate Market Focus: South Carolina..................................(page 44) How Foreign Buyers Drive Median Home Price in California.....................................................................................(page 48) The Highs and Lows of Down Payments Throughout the US.......(page 50) Is There Any Weight to Low Offers? .............................................(page 54)

POWER AGENT SPOTLIGHT Hicks and Massey .........................................................................(page 58)

YOU

The Components of Success: Determination..............................(page 62)

CEO CENTERFOLD Ron Cooper.....................................................................................(page 64)

MORTGAGE The Rise of the Mortgage Modification Interest Rate

by Fannie Mae ...............................................................................(page 70)

LEGAL Quicken Loans vs. DOJ and HUD..................................................(page 74)

DESIGN Trending Design & Building Ideas.................................................(page 76) Curb Appeal Ideas for Fall............................................................(page 80)

TECHNOLOGY What is Avenue?.............................................................................(page 84) What is Periscope?.........................................................................(page 86)

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Mission and Vision of the power is now MAGazine Mission

Vision

The Power Is Now e-magazine is a national real estate and lifestyle magazine that aims to bring together consumers and the real estate, banking, insurance and investment professionals who serve them. Through smart, fun, and timely editorial content, mixed with compelling photographs and quality advertising, TPIN e-Magazine is a surefire way to stay current on all things real estate.

The Power Is Now Online and e-magazine will be the premier real estate magazine serving consumers, real estate and business professionals nationwide, in all metropolitan markets. The Power Is Now online and e-magazine will be viewed as the most effective medium for real estate and business professionals to get exposure to consumers and to share their knowledge and information that will empower readers to take action.

Each issue will feature a blend of articles from business and industry professional leaders, on topics ranging from residential and commercial real estate to default services, REO and short sales, finance, banking, insurance, dining, fashion, home design, travel, health/fitness, book/movie reviews and more. The Power Is Now e-magazine is a free subscription magazine available at www.thepowerisnow.com. The online version will be a paid subscription with more content, video, radio interviews and commentary from newsmakers and writers.

Cover and Feature story profiles:

The cover of each issue will feature the CEO Centerfold. This individual will always be an extraordinary business professional who is an exceptional leader in real estate, banking, politics or another other related industries.

The online and e-magazine will have many sections under The Power Is Now theme: Real Estate Sales, Real Estate Resources, Real Estate Agent Spotlight, Real Estate Headline News, Technology in Real Estate, Real Estate Politics, Real Estate Social media, Real Estate Research & Reports, Business of Real Estate, Real Estate Green & Energy, Real Estate Economics, Real Estate Coaching and the Publisher’s Note.

The writers are industry professionals who are practitioners in their fields of expertise. We will bring experts in the industry to share their knowledge and experience. They will provide advice, and information that will enable consumers to navigate through the challenges and opportunities that exist in real estate, and opportunities in life.

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CEO & Publisher Eric Lawrence Frazier, MBA 3739 6th Street, Riverside, CA 921506 Ph: (800) 401-8994 ext. 703 EDITORIAL Editor in Chief: Eric Lawrence Frazier MBA Managing Editor: Alexandra Attinger ONLINE Web Designer: Nicholas Clarkson DESIGN Art Director & Design Manager: Goldy Ponce ADMINISTRATIVE Administrative Assistant: Rachel Bacol

SALES National Sales Manager: Christina Kimble National Relationship Manager: Success Money HEADQUATERS The Power Is Now Inc. 3739 6th Street Riverside, CA 92506 Ph: (800) 401-8994 Fax: (800) 401-8994 Email: info@thepowerisnow.com www.thepowerisnow.com www.thepowerisnow.com/magazine PUBLICATION AND SERVICES The PIN Magazine The Power Is Now Radio The Power Is Now Publications The Power Is Now Radio Guide The Power Is Now VIP Agent Program The Power IS Now Power Consulting/Coaching The Power Is Now Association Management The Power Is Now Event Management

STATEMENT OF COPYRIGHT: The PIN Magazine™ is owned and published electronically by The Power Is Now, Inc. Copyright 2013-2015 The Power Is Now Inc. All rights reserved.

“The PIN Magazine” and distinctive logo are trademarks owned by The Power Is Now, Inc. “ThePINMagazine.com”, is a trademark of The Power Is Now, Inc. “Magazine.thepowerisnow.com”, is a trademark of The Power Is Now, Inc. “Thepowerisnow.com”, is a trademark of The Power Is Now, Inc. “The Power Is Now Event Management”, is a trademark of The Power Is Now, Inc. “The Power Is Now Radio”, is a trademark of The Power Is Now, Inc. “The Power Is Now Publications”, is a trademark of The Power Is Now, Inc. “The Power Is Now Radio Guide”, is a trademark of The Power Is Now, Inc. “The Power Is Now VIP Agent Program”, is a trademark of The Power Is Now, Inc. “The Power IS Now Power Consulting/Coaching”, is a trademark of The Power Is Now, Inc. “The Power Is Now Association Management”, is a trademark of The Power Is Now, Inc. No part of this electronic magazine or website may be reproduced without the written consent of The Power Is Now, Inc. Requests for permission should be directed to: info@thepowerisnow.com

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From the

Editor...

W

Welcome to the sweltering heat of the summer and the even hotter real estate market. The buying and selling season is finally upon us. Or is it? The news is abuzz with decisions from the Federal Reserve, Greece’s economic plunge into despair, skewed unemployment numbers, and the CFBC. The mortgage industry is frenzied, nearing uproar as reverse mortgage loans wreak havoc across the nation. Meanwhile, the fledgling real estate market is just trying to spread its wings and take off. Unfortunately, the chill of fall will be moving in before the real estate market is airborne, and if the Federal Reserve has its way; interest rates will be drifting ever higher above the average American’s budget.

As conference season descends upon the real estate industry, the excitement only rises. The National Association of Real Estate Brokers (NAREB) has proudly announced their conference from August 17th to the 21st. This conference theme is “Homeownership…

Priority #1” as the NAREB focuses their attention to communicating the lack of homeownership in the African American community.

The National Association of Hispanic Real Estate Professionals (NAHREP) will have their convention in September from the 20th

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EDITORIAL

to 22nd to feature the idea of the Hispanic real estate community taking on Chicago. There will be a Latin music festival alongside this fantastic conference to bring the Hispanic real estate community into the public eye.

The National Association of Realtors (NAR) will be featuring their conference in Ruidoso, New Mexico August 26th-28th. The theme of this conference will be “Strength Through Unity” to bring the realtors across the nation together. The Asian Real Estate Association of America is having their conference in San Francisco from October 22nd-24th with the theme “Gateway to Our Future” to reflect on how far the organization has come.

These premier organizations are ready to bring expertise, professionalism, and knowledge to enlighten and assist anyone that wants to grow and expand into the real estate market.

Attending as many conferences as possible will not only make an impression with your clients, but you will also gain knowledge. Through that knowledge you will gain the power to change direction if necessary to achieve your goals.

The power is always having the ability to adapt to change and to be a change agent within your business model. Change stays in the present.

It never sees the future, because the power to change is now.

Within this issue of The Power Is Now you will find pages jammed pack with information such

as why it is currently wiser to rent rather than to buy and the integration of the TILDA-RESPA standard. The cover highlights Christophe Choo, the high profile real estate broker in the Platinum Triangle and HGTV special guest.

Ron Cooper, the new President Elect of the NAREB and R.S. Cooper & Associates real estate broker, is also spotlighted as a VIP agent.

Mr. Cooper has the full support of The Power Is Now as he is inaugurated on August 21st, 2015.

We look forward to watching the organization and the African American community flourish under Ron Cooper’s leadership.

Both of these accomplished brokers were interviewed in the exclusive radio show, The Power Is Now Radio. Please feel free to listen in and build your knowledge base, find inspiration, or to simply enhance your day.

The Power Is Now Team would like to thank all of our readers and listeners for the continued support and the companionship on the journey for knowledge. Just remember, you have the power to change your life, because The Power Is Now.

Eric Lawrence Frazier M.B.A President & CEO The Power Is Now, Inc.

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EDITORIAL

SECURITY AND FUTURE OF OUR PAYMENT SYSTEMS

I

n this ever growing digital age, it seems like everything around us is evolving. Phones are becoming smarter, and online banking has become the latest luxury. Not having to worry when the bank closes, if you have a deposit slip, or simply speaking to another individual is relaxing; however, one must wonder: what is the security and future to our current payment systems?

will allow NFCs to send your digital money from your bank account to the cashier with the push of a button. This completely eliminates the need for cash (Rommann, “Cash Is Trash”).

Unfortunately like most new and developing technology, there are drawbacks. Some issues, like how some people cannot afford a smartphone or gadget or the dependence of the homeless on spare change, not e-cash, are troubling to say the least. However, the largest of those drawbacks are the security concerns.

With digitization and moving away from cash, there will be more and more bank robbers intent on stealing cash that will be trading in their ski masks for a keyboard and binary code (Rommann, “Cash Is Trash”).

As of now there are three payment systems that the American people use, which are cash, credit cards, and digital. Cash is the money that we are the most familiar with. It is easy to understand, because there is an object in your hand or in your bank account that signifies your wealth. Credit has gained popularity over the past decades with a simple plastic card with a magnetic strip. The convenience of a debit or One recent example was the Starbucks app hack credit card surpassed cash easily. in May 2015. This app allowed customers to pay directly with their cell phones for their morning The digital method of payment is the future. cup of coffee. Hackers typed their way into the Inklings of the explosion into e-cash have bank accounts attached to the payment systems already begun as consumers pay with their in the Starbucks Mobile App through plain text phones at the register instead of a plastic card. stored passwords. One inside of the customers’ By combining one’s smart phone with his or accounts, the criminals took anywhere from her money source, convenience is once again one dollar to one hundred dollars, which caused increased, but this is only the beginning. The customers to be forced to disable their bank Near-Field Communication (NFC) chip in one’s accounts and change all of their information. phone could be used in any device of wearable This incident was just one example of security technology such as a watch or Google Glass. breaches in the digital age of currency (Pagliery, This opens up a new concept of accessories that “Hackers are draining…”). will both enhance your look and your consumer spending. Forbes projects that the future of To combat these issues of security it was payment systems is online. Utilizing Bluetooth suggested to simply install biometric locks or

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EDITORIAL

retinal scanners on the accounts, so that only the owner could use the money. This, however, would be useless as online criminals could simply change that information to their own, as if they were stealing a social security number.

One only needs to ask one grandparent stuffing cash into a mattress to realize that trusting where your money is being stored is vital.

It only takes one crash of the system to ruin your entire livelihood. This is not to say that you should not trust banks. No, save your money in your bank account and grow it with interest. We must be cautious using app related payment systems. Use them sparingly and for small purchases, and be sure to monitor your

bank account closely (Pagliery, “Hackers are draining…”).

The future of the digital payment systems is bright in regards to solving the problems of the inconvenience of cash, printing money, regulating money, and studying money.

After all, the U.S. Mint spends $660 billion dollars to create new currency every year (Rommann, “Cash Is Trash”). That cost could be completely eliminated through the future of the payment system; however, until the security bugs are worked out, I would suggest that you be extra careful with spending money or banking online. TPIN

References: • Payment Systems. (2015). Retrieved July 28, 2015, from http://www.newyorkfed.org/banking/ payment_sys.html • Pagliery, J. (2015, May 13). Hackers are draining bank accounts via the Starbucks app. Retrieved July 28, 2015.

• Rommann, R. Cash Is Trash. Retrieved July 28, 2015.

This article also appears on our sister magazine:

CEO Corner

CEO CORNER

Sabrina Jackson D

r. Sabrina Jackson is a name that you may be familiar with because of her second book that is now out for purchase or her advocacy for single mothers. Her accomplishments are numerous, and the amazing spirit she possesses has led Dr. Jackson through turmoil and pushed her on to becoming a leading professional speaker of the country.

Her commendable oratory skills are worthy of high praise; however, she does not stop there. Dr. Jackson is a trainer, a business consultant, and an internationally recognized people expert who has taken thousands of leaders, professionals, couples, and groups under her wing to train them all for excellence. Most importantly, Dr. Jackson is the proud mom of an incredible young man whom she raised single-handedly post-divorce.

His success – both academic, as well as athletic – is a testimony of the wonderful and strong woman and the amazing mother that Sabrina Jackson is.

In an interview with The Power is Now about her latest book, entitled People 911: Handling Conflict, Crisis and Communication, Dr. Jackson voiced her thoughts about conflict and crisis for commonplace problems in life.

On asking her what the phrase “the power is now” means to her, Dr. Jackson, being the lover of optimism and life that she is, proceeded to tell us that that phrase reminds her of life itself. It is an individual’s power to get up after having fallen or to simply just to wake up, filled and driven by a renewed life force and life power.

This is something that the individual needs to utilize right away in order to reap benefits.

Her vivacity is contagious. No matter where you are at the moment or whatever it is that you might be going through, you cannot help but be affected by her exuberance. Dr. Jackson carries her unfailing

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S J

CEO CORNER

optimism with her wherever she goes, gracing any occasion and any place with her tremendous energy, something she brought to the show as well. Driven by her passion to help people with problems they might be facing, Dr. Jackson, following a degree in Organizational Psychology and a Bachelor’s and Master’s in Clinical Therapy, went on to do just that, to help people. This was something she accomplished by being a motivational speaker, an impressive trainer, and most recently renowned author of two remarkable books.

People 911 is the second of two works. her first book was called “He is Not a Statistic: Twelve Laws for Single Mothers Raising Black Males” and dealt primarily with the problems a single mother – more specifically, the single mother of a black male – faces, and the ways problems could be tackled. Falling under the same category of a single mother raising a black male, Dr. Jackson has plenty of hands on experience!

When asked, Dr. Jackson said that what led her to write the book was her own experiences and people’s opinions post-divorce. One of the comments which affected her most profoundly – and which inspired the title of the book – was people continually telling her that her son, being black and being raised by a single mother would only end up being a “statistic”.

A statistic is a rather sharp euphemism, indicating that he would be going to be a part of the penal system and getting involved in

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violence or crime, because that is what the statistics pinpointed to! With Dr. Jackson’s son, however, they could not have been further from the truth. A stellar athlete and student, his accomplishments received so much praise that Dr. Jackson found herself being approached by several people, curious to know how she did it.

The result was this remarkable book.

In People 911, Dr. Jackson deals with a more ubiquitous topic: conflicts, and the consequent crises they give rise to. The solution, she believes, lies in effective communication, a point which she repeatedly stresses. The book was inspired by the people she met every day, the people she talked to, and the people who confided in her. All of whom made her realize of a critical, universal state of emergency which most people seemed to be in at the moment, and it was her desire to do whatever little she could to improve this situation that led to the writing of this remarkable book.

In her interview Dr. Jackson spoke about individual crisis-management styles and techniques, which an individual can work to his or her advantage when faced with a crisis, along with the possible ways with which one could deal with the problem. However, one of the most impactful elements that she talked about on the show was her belief in the power of laughter and the way it affects people emotionally, physically, and spiritually. In fact, Dr. Jackson is a sort of spokesperson for the power and benefits of laughter.

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CEO CORNER

Towards the end of the show, while we were discussing dealing with conflict and calming oneself on facing it, Dr. Jackson confessed that her go-to formula when faced with a tough situation is to close her eyes and think of the last time something made her giggle or laugh.

It is a quick way, she says, to calm one’s nerves instantly.

That is only one of the ways that she suggested for effectively dealing with conflicts. Anger management is but a small section of conflict.

Equally important in handling conflict is having the ability to never take anything personally, empathy, refraining from making assumptions or jumping to conclusions, and developing problem-solving strategies. All of these elements topped with a generous helping of effective communication will allow conflict to be resolved peacefully and efficiently. To that end, Dr. Jackson provided valuable strategies to ensure that communication is effective and is not unnecessarily hindered or brought to a premature end. She understands the need

to know that communication is two-way; therefore, to listen to what the other person may be saying is vital. She also stressed upon the importance that one is required to pay absolute, undivided attention to the conversation, of giving and receiving feedback, which is about the only sure-shot way you have to know how you are being perceived by the other person.

Dr. Sabrina Jackson: trainer, speaker, business consultant, author, and, most remarkably, a wonderful human being, is driven by her passion and joy in helping others improve their lives. She is an inspiration and a role model of the best kind! TPIN

This article also appears on our sister magazine:

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Our Cover

OUR COVER

CHRISTOPHE CHOO

A

s the President broker of the Christophe Choo Real Estate Group and one of the top luxury real-estate agents of the country, he has over twenty-six years of experience, along with several impressive accolades. He also extends his Christophe Choo service and expertise to Coldwell has been aptly dubbed Banker, and has been named “a real estate social media amongst the Top 100 at Coldwell rock star.”

Banker’s Previews International in 2010 and every year since.

He was also named amongst the Top 24 agents for Coldwell Banker Residential Brokerage in 2014. Christophe Choo has also extended his services to residences in prominent Westside locations, including Beverly Hills and Bel Air, and the premiere Los Angeles neighborhoods.

Moreover, he has closed more than five hundred real estate transactions over the course of his impressive real estate career! He is an incredibly talented broker with a passion driving his work and career. Having travelled across the world, Christophe has a prestigious clientele comprising of prominent foreign investors, business executives, and celebrities. He is also a television personality, frequently appearing on HGTV’s show “Selling LA”, along with several appearances in a number of other real estate related television programs.

In the twenty-six years of his

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real estate career, Christophe has sold practically everything from estates, to single family residences. He is, undoubtedly, the complete package, bringing experience, knowledge, and negotiation skills to the table.

Christophe Choo, before stepping into the world of real estate at the young age of nineteen, was a fashion model. During his modeling days, he was fortunate enough to have travelled often enough to learn to speak French and Spanish fluently. His trilingual abilities are a massive advantage when it comes to buying or selling, especially because it helps him communicate with a wider range of clients hailing from different backgrounds. This is perhaps why his clients consist not only of local buyers, but also buyers from across nations. He does have clients that are royalty, but Christophe believes that even those that are not royalty should be treated like they are.

This shows the dedication to his clients, and the kind of services he and his team offer.

One of the first things that will strike you when you meet Christophe Choo for the first time is how impeccably he dresses and the elegance with which he carries himself.

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Part of this interest in fashion comes from his career as a model from when he had not yet entered the real estate business; however, once he did, his interest in fashion did not fade away.

So much so, in fact, that fashion has become an integral part of his business, with every occasion calling for a different and appropriate outfit; you do not often see this in real estate agents.

He believes that looking a particular way for a particular occasion has a very important role in the kind of messages one sends to people, especially when it comes to businesses like the real estate, which are largely client-based.

Dressing appropriately and keeping with the occasion affects the impression that a client may form of you. It is, he believes, a representation of who you are, and as an agent you will be representing your client, which is the most important.

Christophe realizes the importance of marketing and image in the world of real estate. To him, an agent as a brand is a vital phenomenon that has become a new trend in the real estate business in the last few years. This is unlike the earlier days when the only agents who carried brand names were big corporate agencies such as Coldwell Banker. Today, he says, real estate agents are finding their footing with brand image and realizing the importance of establishing a firm image in the industry. On that same note, consistency is an equally important element to factor in. Consistency here means not just in the terms of how you market yourself or your brand image, but consistency also in the kind of work that you do: the quality and the professionalism.

Christophe Choo has a strong online and social media presence, with over 1500 videos on his YouTube channel that deal with real estate issues and talks. The way he connects with his audience is through the videos he puts up on his channel, which allow for a more genuine and more authentic image to be sent across to those who might be watching. He is always open to trying new methods, and he realizes that although some of them might not always end august / september 2015

up being exceptional, you have to give it a try nevertheless.

As per our tradition, we asked Christophe Choo the same question we ask all the other guests on our show, “What does the phrase, “the power is now” mean to you in terms of what you do?”

Christophe’s answer was perhaps one of the best thus far. It is, he claims, a very important aspect of how he lives his life, always living in and paying attention to the present moment – the now – instead of dwelling on the past or the future, as we are oft wont to do. This makes us lose sight of the present, so that we “don’t even see the power of the now”, says Choo. The now is all that we have, and how we spend it will have an impact; he says. Christophe Choo further illustrates this with a profound metaphor of throwing a rock into a still lake. The ripples being formed reflect the effect that our actions in the present moment could, and definitely will, have. The past is gone; the future is not here; and the only time that is, is the present, and we better make the best of it.

He is one of those people that are extremely passionate about what they do. Choo says, “I have been successful over the last two decades, because I love what I do. Finding a person’s dream home is not a job to me; it’s my passion,” he says, and this reflects in his work. It is the same passion that allows him to communicate with his clients and help them find the home that they have always dreamed of possessing – a passion that he has imbibed in his team as well.

TPIN

This article also appears on our sister magazine:

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Making Clients for Life 3739 6th Street, Riverside, CA 92501 Office: (951) 686-5261 Fax: (951) 686-5264 www.fraziergroup realty.com

Frazier Group Realty is the right place. Our Navigators are available to give you personalized service and answer any questions you may have. You can call, email or visit us and we will be there ready to help you every step of the way. Whether you are a first time home buyer or an experienced real estate investor, here at Frazier Group Realty you gain useful information about how to choose the "right" property, and everything involved in making an informed decision in today's real estate market.

BUSINESS

IS THE AirBnB CASE AN ISOLATED CASE?

A

ri Teman utilized AirbBnB to lease his New York City loft a year prior, and that is the place his bad dream started. As per New York Daily News, Teman leased his townhouse in March 2014. He thought he was leasing his Chelsea apartment suite to a man named David who had relatives coming into town for a wedding. On the other hand, Teman’s flat was not utilized for somebody to stay at for an uncommon occasion.

Since the episode a year ago, Teman has guaranteed that he can’t rent another apartment suite or flat in New York City on the grounds that he has been boycotted. There is primarily one stand out aspect keeping him from being destitute, and that is his budgetary circumstance. He can stand to stay in lodgings as a result.

Actually, Teman’s apartment suite was utilized for an exceptional occasion of another kind. He returned home hours subsequent to giving the man the keys to his home on the grounds that he overlooked something. He came back to discover the fallout of inappropriate activity held in his home in the time frame of five hours in which he had left.

The occasion was promoted on Twitter by the coordinators of the occasion. After the occurrence, AirBnB changed the man’s locks, yet the harm was done.

York City. Merchants now decline to help him in the wake of finding that he was on the boycott. One building administration declined to try and acknowledge an entire year’s advance installment in light of the fact that he was on the blacklist. He has needed to rest in more than 20 spots since the incident in his condo, on the grounds that he couldn’t Teman has itemized his story get a lease. With no solution in on Tumblr. He has posted a sight, he is extremely tired and few posts subsequent to the needs a ‘home’. occurrence in 2014 that detail precisely what happened to Ari Teman went ahead to him and the consequence. express that he has lived and worked in New York City his According to him, he was whole life, however now he ‘homeless’ in light of the can’t locate a steady place to fact that they (David and his call home. AirBnB did give companions) had conducted the man $23,000 on top of the inappropriate activity in his change of locks, yet that still loft and surrendered him to has not been sufficient to cover manage the drop out. He was the harm done. not destitute due to funds – however the unheard of In another post on his Tumblr, obligation and monstrous he uncovered exactly the measure of lost work created amount of in misfortunes he by their misbehavior hasn’t hosts caused in light of the helped – but since on account gathering in his home which of AirBnB, he was on a totals up to over $87,076. boycott and cannot get a Apparently, he had to call true blue rent in all of New 911 and have the individuals

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expelled from his condo.

Temen has been extremely vocal about his story, and he has blamed AirBnB representatives for annoying him on Twitter too.

They presumably think the change of locks and $23,000 remuneration is making things right.

In any case, Ari Teman is not happy about the circumstance. Nobody hopes to return home to discover what he did that night. He needed to manage expelling the individuals from his loft, and the individuals kept on showing up as a result of the advertisements on Twitter and Facebook.

It is clear that Ari Teman won’t quit publicizing his story until he discovers another lease in New York City. It has been uncovered that there is no real boycott and that Teman is included in a few court cases right now. In any case, Teman did show up in lodging court for his removal.

AirBnB has shared an announcement about the occurrence at Temen’s townhouse. More than 11 million visitors have had a sheltered and positive experience on AirBnB and issues for

hosts and visitors are amazingly uncommon, yet when they happen, AirBnB attempts to help make things right.

This is not the first run through a rental from AirBnB has gone horrendously awful for somebody that leased a property. Star King had utilized the administration a few times as a part of the past, however this time it didn’t end well.

When they returned home, they discovered their home decimated inside. Star and her spouse discovered “broken glass, annihilated craftsmanship, and toilets loaded down with prophylactics to the point of flooding.” The couple gained from neighbors that a gathering transport loaded with 100 individuals landed at their home. Police arrived hours after the fact, and the powers assessed about $50,000 to $75,000 in harms to the property.

It is stories like these that make it clear that you know precisely who you lease to when you rent your property. This could be from AirBnB or somewhere else. You never recognize what may happen to your home once you hand over the keys. TPIN

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GREEN

Green Will Always Be In G

reen, the shading of life, replenishment, nature, and vitality, is connected with implications of development, amicability, freshness, wellbeing, ripeness, and environment. Green is likewise customarily connected with cash, funds, saving money, enthusiasm and Wall Street. Green has recuperating power and is comprehended to be the most serene and unwinding shading for the human eye to view. It can help upgrade vision, soundness and continuance; consumes up more room in the range unmistakable to the human eye and is a characteristic decision in inside outline as a perfect foundation or background in light of the fact that we as people are so used to seeing it all over the place. With the color’s relationship with recharging, development, and trust, green additionally remains for new development and resurrection, normal in the spring season when the

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GREEN

greater part of the plants are returning to existence with new development and life after the chilly winter months.

Green influences us physically and rationally in a few distinct ways. It is calming, unwinding, and young; aides ease uneasiness, depression and apprehension. Green additionally carries with it a feeling of trust, wellbeing, enterprise, and reestablishment, and in addition poise, sympathy, and concordance. Green is an adaptable shading. Warm and welcoming, it gives clients a satisfying feeling, indicates wellbeing, environment and goodwill. At last, green is the color of cash, so it makes contemplations of riches.

Finishing with this color, whether it’s the gentlest hue of celery or the most profound, and most sensational shade of emerald— immediately changes a room into a rich, lavish and unique masterpiece.

Begin with the floor. In the event that you need one major burst of green, pick statement carpeting. It is normally less extravagant than other sizable furniture and can be effortlessly

moved from space to room when you’re hoping to shake things up. Pick a style with different shades of green so it will better organize with whatever remains of your stuff.

Bring on the embellishments. Only a couple well-picked pieces will give you a green fix.

Also, you can include and subtract things depending the amount of green you need.

Genuine Simple set a green runner on the comfort, set the table with olive-shaded dishes, and surrounded scraps of greendesigned wallpaper.

Emerald is telling yet sufficiently downplayed that it won’t overwhelm the room. Typically, emerald brings a feeling of clarity, replenishment and restoration, which is so imperative in today’s unpredictable world.

It is recommended to make the verdant shading a point of convergence of the lounge room, blending it with other roused by-nature components like a stone mantle and woodframed dividers. Present day touches—a round reflect, a riddle like end table stand out from the provincial material.

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GREEN

Surrounded photographs not by any stretch of the imagination your style? Attempt vinyl divider workmanship as a completing touch— in the event that you don’t care for it, you can simply peel it off later.

Dividers that look emerald or greenish blue contingent upon the light—make a gem box impact that makes the little space feel like a tucked-away fortune. While there may be numerous things in this niche, a feeling of association is refined by gathering them together.

Brilliant greens can be a moment disposition lifter, however they can likewise be a bit dedicated to Kermit the Frog. In case you’re anxious the shading will be excessively extreme for your room, take a stab at painting just the base third of the divider. For a fun prosper, plot an entryway or simply the top third of it, similar to this passage too.

Light green can change a clean white restroom. The trap to combining shading is to keep the emphasis fresh, not extravagant.

Workmanship deco touches, similar to the designed shower drape and jewel tile trim, or a warm, nonpartisan palette (think white, tan or silver emphasizes) strike only the right adjust.

Think design on-example isn’t possible?

The delicate, matured feel of the green-andcream fabric is sufficiently manageable to cover the dividers, couch and shades of the guesthouse in a manner that is sensational, not bewildering. The way to getting a cleaned look that isn’t excessively occupied lies in utilizing correlative points of interest, similar to furniture in a certain style — all excellent, for instance or utilizing shades of a specific shading.

The faintest shade of green can very nearly act as an unbiased, especially when combined with its inverse on the shading wheel: red. In the library, scarcely there pistachio dividers play up the strong pink and red rug. It’s enticing however quieted like a library ought to be.

The simplest approach to breathe life into your room? Change the couch color by easily using a well-fitting slipcover. Turquoise conveys fervor to an unbiased. It’s a jar of vitality.

A couple of striking extras can punch up the show in a room, especially when you play with new surfaces. An emerald velvet pad and coordinating cornice are a rich, enhancing counterpoint to the smooth wooden floors and models. TPIN

Delicate sage and celery greens make an unwinding setting for the room. The hues are sufficiently quieted that you can get additional lively with your bedding.

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HOMEPOSSIBLE

FREDDIE MAC’S ALTERNATIVE TO FHA

HOME POSSIBLE Up to 95% LTV HOME POSSIBLE ADVANTAGE Up to 97% LT

THE FLEXIBILITY THAT HOMEOWNERS DESERVE Product Highlights: • Great for all buyers, including first time home buyers • Refinances up to 97%, regardless of current mortgage program • No income limits for Underserved Areas • No reserves required for 1-unit properties • Gift funds eligible for entire down payment Name: Eric Lawrence Frazier MBA Website: www.ericfrazier.com E-mail: eric.frazier@ericfrazier.com Skype: frazier.eric Mobile: 714-475-8629 O: 800-261-1634 x 703 F: 800-261-1634 Frazier, Eric, Lawrence is a CA Mortgage Brokerage Licensed by the State of CA BRE 01143484 and is not affiliated with any state or federal agency. Frazier, Eric Lawrence is also licensed by NMLS# 1273606 - www.nmlsconsumeraccess.org. Frazier, Eric, Lawrence is an equal housing lender. Our corporate office is located at: 379 6th Street Riverside, CA 92501. Telephone and Fax: 800-261-1634 Eric Lawrence Frazier, MBA is a Licensed Loan Originator NMLS# 1461708. This is not a commitment to lend or extend credit. Restrictions may apply. Information and/or data is subject to change without notice. All loans are subject to credit approval. Not all loans or products are available in all states.

ECONOMICS

What the Current Rise in Payroll to Population Rate Means

T

he payroll to population rate of the U.S. was up to 45.5% in June 2015. This percentage is up one full percentage point from the previous month, showing improvements in the workforce participation and slight falling of the unemployment rate.

While these numbers are not drastic, they are deceptively positive and bring bad news to the American people even though this is the highest the payroll to population rate has been since October of 2012

(Newport, “U.S. Payroll to Population…”).. So the first question you should ask is what does this mean to me?

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The payroll to population rate is a mathematical relationship between the unemployment percentage, meaning those without work, and the percentage of people participating in the workforce, meaning the percentage of adults aged eighteen and older that work, [or who are not working, but actively look

for work and are available for employment].

This allows those watching the employment issues in the U.S. analyze trends and realize why the numbers are what they are.

In this case of a higher payroll to population rate, we look at why this number is rising and what we can do to keep it rising.

One of the reasons for the rise in the payroll to population rate is the fall of seasonal employment.

People are

ECONOMICS

(Newport, “U.S. Payroll to Population…”). Many will not be able to find a new job come the fall.

beginning to get back to full time work for the fall, which allows the percentage to rise.

Unfortunately, this also means that seasonal work is coming to a close, causing many to simply lose their jobs and some will give up working or even looking for a job until that season rolls around again

Once someone gives up looking for a job, they fall off of the statistical radar.

Unemployment does not take into account those that are not actively looking for a job and neither does the workforce participation. Also, people that are self-employed and those that are underemployed through part-time work are not taken into consideration.

Because of this, many people that once toiled tirelessly to find an occupation and have given up are not represented in the percentage. The American payroll to population rate has not bettered itself; it has simply the lost weaker players in its statistic (Newport, “U.S. Payroll to Population…”).

So what does the payroll to population rate mean? It means that some people may be finding jobs and reentering the workforce; however, it

also means that people are giving up the job search. The true unemployment rate if one takes into account those underemployed and those no longer looking for work is at 10.5% (Amadeo, “What Is the Real…”), a staggering number to say the least.

Unfortunately for the general public, many politicians or Federal Reserve board members will attempt to take advantage of these rising payroll to population numbers, claiming that the percentage point rise has nothing to do with people simply giving up. Therefore, one should be wary of interest rates rising to combat how well the U.S. appears to be recovering.

Analyzing these statistics is vital to understanding the American economy; however, skewing the conclusion to fit political moves is not the goal here. The goal is to get people back to work. TPIN

References:

• Amadeo, K. What Is the Real Unemployment Rate? Formula, Examples. Retrieved July 20, 2015.

• Newport, F. (2015, July 1). U.S. Payroll to Population Rate Rises to 45.5% in June. Retrieved July 28, 2015.

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FINANCIAL

Implementation of TILA - RESPA Integrated Disclosure In November 2013, the Consumer Financial Protection Bureau (CFPB) coordinated the Real Estate Settlement Procedures Act (RESPA) and Truth in Lending Act (TILA) divulgences and regulations. Any exchange including a home loan will utilize the most recent CFPB divulgence shapes. The new TRID structures were to be actualized on August 1, 2015. Be that as it may, the Consumer Financial Protection Bureau (CFPB) has proposed an alteration to defer the powerful date of the implementation until October 1, 2015. The proposition will be accessible for open remarks, and CFPB is relied upon to discharge a definite choice in the blink of an eye from that point.

Street Reform and Consumer Protection Act coordinated the Consumer Financial Protection Bureau (CFPB) to coordinate the home loan credit exposures under TILA and RESPA. The new exposures are intended to enhance revelations to buyers furthermore contain resilience restrictions that may bring about banks to discount charges to shoppers when certain expenses shift between the introductory and last divulgence.

On June 17, 2015 the CFPB reported a proposition to move the Implementation date for TRID from August 1, 2015 to October 1, 2015. The National Association of Realtors, “The Voice for Real Estate,” is America’s Foundation biggest exchange affiliation, speaking to 1 million individuals included in all parts of the For the most recent 30 years, banks have private and business land commercial ventures. been needed by Federal Law to give 4 diverse exposure structures to shoppers requisitioning On June 17, 2015, the Consumer Financial a home loan. The structures were produced Protection Bureau (CFPB) reported that it independently by two Federal organizations would propose to postpone the RESPA/TILA under the Truth in Lending Act (TILA) and Integration or TRID until October 1 because of the Real Estate Settlement Procedures Act of issues with the Administrative Procedures Act 1974 (RESPA) and contained covering and furthermore to push usage further into the fall conflicting dialect. The 2010 Dodd–Frank Wall after school begins. NAR has been driving the

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FINANCIAL

push to guarantee a successful execution of the TRID regulation. The activity reported by the CFPB was an appreciated step. NAR has since a long time ago pushed the need to abstain from actualizing the new regulation amid the top summer offering season. NAR respects the CFPB’s proposed expansion to October 1, 2015, and in addition the prior “affectability” they offered to organizations making a decent confidence push to follow the new TRID regulation. According to them, they will keep on living up to expectations with CFPB to minimize any conceivable business sector disturbances or vulnerability that could create taking after the usage. REALTORS admire that the CFPB has exhibited a comprehension of the requirement for extra time to oblige the hobbies of the numerous customers and suppliers.

DIAGRAM OF THE TILA-RESPA The TILA-RESPA Control

Exchanges the Standard Spreads

The TILA-RESPA tenet merges four current revelations needed under TILA and RESPA for shut end credit exchanges secured by genuine property into two structures: a Loan Estimate that must be conveyed or put via the post office no later than the third business day in the wake of accepting the customer’s application, and a Closing Disclosure that must be given to the buyer no less than three business days preceding fulfillment.

The TILA-RESPA standard applies to most shut end buyer credit exchanges secured by genuine property. Credit reached out to specific trusts for expense or domain arranging reasons for existing is not absolved from the TILA-RESPA standard. Notwithstanding, some particular classifications of advances are prohibited from the principle. In particular, the TILARESPA tenet does not make a difference to HELOCs, opposite home loans or home loans secured by a trailer or by a residence that is not connected to genuine property (i.e., land).

The Record Maintenance Prerequisites for the TILA-RESPA Standard The loan boss must hold duplicates of the Closing Disclosure (and all records identified with the Closing Disclosure) for a long time after culmination. The bank, or servicer if appropriate, must hold the Post-Consummation Escrow Cancelation Notice (Escrow Closing Notice) and the Post-Consummation Partial Payment Policy exposure for a long time. For extra data, see segment 15 beneath. For all other proof of agreeability with the Integrated Disclosure procurements of Regulation Z (counting the Loan Estimate) banks must keep up records for a long time after culmination of the exchange. On the off chance that a leaser offers, exchanges, or generally discards its enthusiasm for a home loan and does not benefit the home loan, the lender should give a duplicate of the Closing Disclosure to the new proprietor or servicer of the home loan as a piece of the exchange of the credit document. Both the loan boss and such proprietor or servicer should hold the Closing Disclosure for the rest of the five-year period. The new Integrated Disclosures must be given by a loan boss or home loan handle that gets an application from a customer for a shut end credit exchange secured by genuine property on or after August 1, 2015. TPIN

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FINANCIAL

House Passes Oversight CFPB Bill A

of their March meeting was denied, which is an immediate infringement of FACA. H.R. 1265 has been mentioned to the House Floor for a vote.

On the off chance that passed, the bill would likewise oblige that the agency give an open remark period, reveal it’s trying philosophies before issuing any future direction.

Regulatory Reform Bills

House Financial Services Oversight & Investigations Subcommittee Chairman Sean Duffy’s bill progressed with an overwhelmingly bipartisan vote of 401 to 2. The bill is expected to convey more noteworthy straightforwardness and

The House of Representatives, responsibility to the Consumer in bipartisan votes, gave Financial Protection Bureau. approval to the accompanying administrative change bills: Duffy’s Bureau Advisory Commission Transparency Firstly, “Eliminate Privacy Act now heads to the U.S. Notice Confusion Act, H.R. Senate for thought. Duffy said 601” would make a deviation before the House vote on H.R. from the Gramm-Leach1265 that he contemplates on Bliley Act’s yearly notice making the government work, prerequisite for foundations making it responsible, making that have not changed their it straightforward, and that protection arrangements since ought to begin in any event in their latest yearly notice and the report gatherings that our just share individual data administration activates in. inside of the statutory special cases. October 2014 witnessed Congressman Duffy initially the CFPB issuing a last decide presented this bill in the 113th or a final rule that corrected Congress after the Bureau let Regulation P to permit a him know they couldn’t suit monetary foundation that [his] solicitation to go to a meets certain prerequisites, 2014 Advisory Committee including for the most part meeting. However, the CFPB having no adjustment in its afterwards announced they latest security notification, would move to open their to convey yearly protection gatherings in agreeability with notification to their clients FACA. Be that as it may, a utilizing an option online solicitation for a motivation conveyance technique. The

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charge that means to apply necessities of the Federal Advisory Committee Act (FACA) — a 1972 law intended to guarantee that Congress and general society realize what’s being examined in government purchaser consultative boards, among different prerequisites — to the CFPB was accepted by a 401-to-two vote. The proposition, named the Bureau Advisory Commission Transparency Act, was presented in the beginning of March by U.S. Rep. Sean Duffy (R-Wis.).

FINANCIAL

bill would dispense with the yearly notice prerequisite completely for establishments that meet all requirements for the exception.

Secondly, “Helping Expand Lending Practices in Rural Communities Act, H.R. 1259”, would coordinate the CFPB to set up an application procedure to request a region to be assigned as a country zone if the CFPB has not as of now been assigned it as being what is indicated.

The CFPB has made exceptions from specific home loan principles, including the qualified home loan principle, for minor banks that work essentially in provincial or undeserved ranges.

Also, “Federal Advisory Committee Act, H.R. 1265”, would apply the necessities of the Federal Advisory Committee Act to the CFPB. While the CFPB switched its shut-entryway arrangement to make gatherings of its bulletin sheets and chambers open to people in general, the bill would order that such gatherings be interested in general society, subjected just to the special cases as permitted by the FACA. Lastly, “SAFE Act Confidentiality and Privilege Enhancement Act, H.R. 1480”, would correct the S.A.F.E. Home loan Licensing Act of 2008 to permit data given to the Nationwide Mortgage Licensing System and Registry to be imparted to be provided to the state and government administrative authorities with budgetary administrations oversight power, (for example, the Fed) without loss of benefit or privacy insurances given by elected and state laws. As of now, the benefit and secrecy insurances just apply to data imparted to state and government administrative authorities with home loan industry oversight power. The majority of the bills were bolstered by the American Bankers Association.

Points Forwarded By Rep. Duffy “The bill guarantees we as an American family can see what happens at the CFPB — it bodes well”, Duffy said in backing of his bill. “This is about making government work; making it responsible and straightforward. That ought to begin at these gatherings.”

Duffy contended that notwithstanding the declaring it would consent to the FACA, the CFPB’s Credit Union and Community Bank Advisory Committees keep on meeting away from plain view.

On the off chance that passed, the bill would likewise oblige that the agency give an open remark period, counsel with different offices that share ward over the backhanded vehicle money market and reveal its trying philosophies before issuing any future direction.

Rep. Duffy remarked that what is the CFPB doing that is keeping pace with the CIA and the Federal Reserve? Likewise the common question of “What precisely is going ahead in these gatherings?” arises.

Jim Nussle, the President and CEO of the Credit Union National Association lauded the bill.

According to him, these gatherings ought to be interested out in the open perception, as they give an imperative discussion to credit union delegates to share concerns and give pragmatic directions to the organization on operational and open arrangement issues. TPIN

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REAL ESTATE

Colorado

Real Estate Market Focus:

C

olorado home costs set a record in March, something a modest bunch of ranges in the nation have accomplished, by a national report discharged in July. Colorado, the District of Columbia, North Dakota, South Dakota, Texas and Wyoming all surpassed past home value crests.

Home costs came to another high in Colorado, regardless of trailing the national normal yearover-year rate picks up. In March, Colorado home costs, when upset properties are incorporated, ascended 9%, positioning it 18th in the country.

By difference, broadly, costs climbed a normal of 11%. At the point when bothered properties were excluded, Colorado home costs ascended by 7%, contrasting the national normal bounce of 9.5%.

What this shows is that Colorado’s lodging business sector is returning. There are neighborhood hyperadvertises in the state that are as yet having some trouble, yet all in all, Colorado and the Denver range are making a decent showing. Home costs,

august / september 2015

including bothered deals, are anticipated to expand by 6.7% from March 2014 to March 2015. Barring troubled deals, home costs are relied upon to rise 0.6% month over month from to April 2014 and by 5.8% year over year from March to March 2015.

It is fascinating that home possession, at 65%, is the most reduced it has been in nearly 20 years.

Despite the fact that home costs are ascending by twofold digits in numerous businesses, not the same number of individuals own homes as you may think would in such an in number business sector. It is fairly shocking that the loft opportunity rate is drifting at 5-7%. Interest rate-disappointed potential dealers are adding to the current shadow stock, while purchasers who cannot discover what they need to purchase are on the sidelines making another sort of ‘shadow request.’ This supply and interest irregularity keeps on driving home costs higher, despite the fact that exchange volumes are lower than anticipated.

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REAL ESTATE

Home costs keep on ascending the country over, however moderateness, tight credit and supply concerns are turning into an expanding delay buy market action. In numerous business sectors – particularly significant metro regions like Los Angeles, Atlanta and New York – home costs are being driven up at twofold digit rates filled by an absence of stock and record levels of money buys.

What does the Denver land business sector look like for 2015? To comprehend this, it is essential that we think back, and then look forward. By covering our bases, we can make a decent forecast with reference to what we may expect, which can turn out to be a fundamental piece of data. Here we will abridge a couple of the better focuses and give you an alternate point regarding what has been going ahead in the business sector, and what we can expect all through 2015.

Glancing Back at 2014 A major issue that tormented the Denver land market a year ago was the way that there was not an excess of private homes available to be purchased. A sound business sector would be around 17,500 accessible homes; however, toward the start of 2014, there were fewer than 7,200. This was an increment from the past summer, then again, when the quantity of accessible homes hit a record-breaking low of 6,500.

While these numbers still speak to an open door for everybody included, it can likewise go about as a negative for both purchasers and merchants. A few venders may tend to overrate their homes supposing they’ll instantly offer at a higher value in light of the lower number of homes available, while purchasers must figure out how to be patient to abstain from settling for an overrated home that does not fit their needs.

This being said, 2014 was really a respectable year for the Denver land market, especially when you take a gander at the velocity in which homes sold. It was regularly hard to keep a decent home available for any genuine period of time. We saw a 11% expansion from the earlier year for offers of homes evaluated above $505,000. There was likewise a fantastic 33% increment in the offer of apartment suites because of higher value purposes of private homes. Additionally, the middle cost of single family homes and townhouses toward the end of the year arrived at $275,000.

Anticipating 2015 We will be seeing an increment in deals amid 2015 of homes evaluated beneath $505,000, yet generally speaking, deals are required to be higher than the earlier year. Obviously, we likewise cannot overlook the way that home loan interest rates are a portion of the most minimal we have seen in two years, so any purchasers that have been wavering with respect to buying their first home or moving into something new can appreciate a solid measure of funds.

Like all land markets, Denver sees its shares of good and bad times. Despite the fact that it is difficult to anticipate precise numbers, the utilization of earlier information combined with the learning of how the business functions points to what we can expect throughout 2015. Between an increment in accessible homes and a drop in home loan rates, this year is turning out to be an energizing time, whether you need to place your home available or are hoping to buy your dream home. TPIN

REAL ESTATE

Real Estate Market Focus:

INDIANA

Multifamily lodging proceeds with a decent run; however, the single-family lodging area has contined to battle.

Work development, customer certainty, and access to alluring credit terms are the essential drivers that convey potential home buyers to the business sector. However, due to these elements, most specialists accept the lodging business has had a positive 2015 until now.

and how wages contrast with that region’s median lodging costs. One key aspect in home loan capability is a family’s monthly gross take-home pay in respect to its installments for lodging expenses the aggregate of the home loan installment, land assessments, and home protection. Holding every other thing equivalent, groups with positive occupation development and an ideal edge in the middle of wages and lodging expenses It has been projected that current are more inclined to experience home deals have expanded 7.8% a more grounded single-family from 2014 and new single-family land market. home deals have incremented 34% on a national basis. Median Enlisting is picking up energy; home costs have additionally however, unemployment had expanded marginally. been staying high—particularly when including individuals A superior 2015 in the single- who have surrendered looking family lodging market in the for work. The lodging market’s country’s urban areas and towns danger resistance is low relies on occupation development and vulnerabilities flourish.

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REAL ESTATE

These vulnerabilities incorporate unemployment, wage development, access to credit, financial specialist action and tumultuous world undertakings. Wage development has been moderate-to-negative for some Americans. Access to alluring credit is faulty, as business sector members now battle to locate the best possible guaranteeing equalization and the Federal Reserve closures its bondpurchasing system. Single-family financial specialist action has moderated, and the risk of speculators offering their inventories into the business sector remains. Center East turmoil, the Ebola outbreak, and Europe’s financial atmosphere could contrarily affect purchaser certainty.

Similarly, the more noteworthy the edge in the middle of wages and lodging expenses, the higher the danger resistance of potential purchasers in that market. If home loan rates build, groups with a more extensive edge (i.e., higher danger resistance) would be not so much affected but rather more liable to have

stable home-purchasing markets in respect to groups with littler edges.

In this way, chance resistance and occupation development are critical markers to consider in 2015’s lodging business sector.

Regarding employment development, Indiana is one of fourteen states with net occupation picks up subsequent to the subsidence started and an unemployment rate that fell beneath the national normal in 2014.

However, North Dakota is rejected as an anomaly with an unemployment rate of 2.8 percent and net occupation additions totaling 29.9 percent since the begin of the subsidence. As far as existing home deals and private building grants, Indiana has outpaced the country by 0.7 rate focuses and 8.6 rate focuses, separately. At the point when taking a view at lodging expenses, Indiana regularly has stable lodging qualities.Indiana mortgage holders for the most part experience little swings in worth as monetary conditions and world occasions grab hold year to year.

REAL ESTATE

While Indiana has slacked the nation in home value increase over the previous year, its share of negative home loan value is 5.5 rate focuses lower. Maybe above all Indiana’s lodging moderateness stays appealing, with a reasonableness list estimation of 250, as interest rates stay low. In like manner, the proportion between deals cost and wage has stayed stable. Year to year, Indiana by and large gives a steady occupation base and a decent wage in respect to lodging expenses.

Since Indiana’s economy enhanced in 2015 with more occupations and better wages, it means positive results for the lodging business. Then again, if a portion of the negatives of the potential vulnerabilities specified prior work out as intended, then Indiana will bear the tempest better than less steady parts of the nation.

Generally, 2015 is more positive for Indiana and the nation. Work development is encountering a positive pattern and numerous other monetary essentials have moved forward. In this way, shopper certainty is high. 2015 has seen lodging business sector change both in Indiana and the country all in all in as much as home loan rates remain by and large ideal and there is no disastrous occasion.

august / september 2015

Indiana lodging markets are flourishing toward the beginning of the second quarter. Actually, information from April demonstrates that statewide, lodging beat that month of 2014 in all measures with the exception of stock. The quantity of homes available to be purchased diminished 4.3 percent from a year prior to only 38,910 accessible properties in the whole state. Low stock means purchasers ought to get prepared to move quickly on the off chance that they locate the right house. Get your financing arrangement set up now, before you start a genuine hunt.

The uptick in postings may demonstrate that potential vendors are getting prepared to take care of purchaser demand. In any case, low intrigue rates help both sides of the exchange. On the off chance that rates stay low and the employment market, especially wages, stays solid, this spring and summer purchasing season will wind up being one of the worthiest in years. TPIN

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REAL ESTATE

Real Estate:

North Carolina

W

ild vacillations in the country’s land cycle have taken financial specialists on a thrill ride subsequent to the early piece of this century. From the first decade, checked by overheated home costs in huge numbers of the country’s most prevalent metropolitan zones, to the post-Great Recession time sending home estimations into a free fall, financial specialists have needed to conform and adjust their speculation procedures to economic situations.

behind us (on a national premise, at any rate), it’s not as simple to rapidly flip homes for a benefit. Rather, now may be a decent time to consider purchasing a lodging to hold for the long haul.

Whether you’re a financial specialist hoping to get a couple of rentable houses or a youthful expert intrigued by acquiring a first home, there are a lot of spots in North Carolina where lodging ought to be a really sure thing. The key is to purchase in urban communities with solid employment Taking a gander at the country’s lodging development that individuals are moving and financial pointers, there is a lot of to, so that the supply of potential occupants positive news to legitimize proceeded with for would-be proprietors is bounteous. speculator hopefulness in 2015. Home deals – both existing and new – are anticipated Huge interest, nonetheless, has pushed to increment one year from now, which is supply down drastically. The stock of welcome news for fix-and-flip speculators. homes available in North Carolina to be With the lodging business sector settling purchased dropped 29 percent to a scarcely and 2014’s sensational cost increments two-month supply at the present deals pace. august / september 2015

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REAL ESTATE

That unevenness in the middle of supply and interest is pushing costs higher, up more than 9% in February from a year back. Despite the fact that values are rising, appraisers are not keeping pace with the business sector. Dealers may have the capacity to get their asking value, yet they’re not getting comparable examinations to get it done with home loan subordinate purchasers in spite of steep rivalry and offering wars for the postings.

Charlotte, North Carolina has been a most loved among financial specialists, who generally utilize money, yet that has been on the low end of the business. This may be another reason that notwithstanding higher costs, Charlotte is not in risk of being in an air pocket. Spring will probably convey more merchants to the Charlotte market, however with such a variety of new occupants and additionally an inundation of retirees, it will probably remain very aggressive. Here’s another positive sign for sign for home purchasers. The aggregate number of homes available to be purchased in this business ascended by around 8% throughout the most recent 12 months or something like that.

Accordingly, potential home buyers who are arranging purchase of a house in Charlotte this year ought to have more properties to look over, when contrasted with the same time a year ago.

Amid the same 12-month period, middle rundown costs ascended also. This recommends that lodging interest has developed right alongside stock. So the level of rivalry among purchasers may stay predictable in the new year. As yet, discovering a suitable property ought not to be an issue for most purchasers. Here’s the key takeaway for anybody purchasing a home in Charlotte in 2015. Home costs in the zone are required to keep ascending as the year progressed, yet likely not as much as they rose over the past

12 months. Simply take note of that these are projections and gauges — not attestations.

Home deals are down, rental costs are up, and all around you look in South End, another condo complex is rising. Charlotte is at long last drawing in armies of youthful experts to its urban focus,.

Post slowing down amid the subsidence, developers are compensating for lost time with the development of top of the line lofts in the city. More than 10,000 new private rental units were under development starting last September—2,410 of them in South End alone. The median home value is $186,353 whereas the median rental value has been reported at $992. 55.4% of the approximately 289, 870 houses are owner occupied; 44.62% are renter occupied and the remaining percent are vacant.

Engineers point to the region’s employment and populace development as confirmation that request will stay high. Still, some land investigators say this is an air pocket. Loft opportunity rates are anticipated to ascend from the current 5.5% to just about 8.1% by right on time one year from now. Inhabitants of the top of the line flats, then, stress over the absence of shops, expanded lease, and expanded activity putting weight on the streets.

Raleigh, North Carolina is one of five of the hot spot markets in the U.S. Potential home purchasers – both Millennials and Baby Boomers – are running to the condition of North Carolina and one of its most dynamic urban communities of Raleigh. The average listing price as of mid June was $407,732 which showed an increment of 2.8%, whereas the median sales price of the area was $221,000. TPIN

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Real Estate Market Focus:

T

Arizona

he triple-digit days have arrived, and that means that low maintenance inhabitants went to cooler atmospheres. This may likewise implied a developing enthusiasm for home buyers. They had one of the greatest years they have ever had in May after picking up a considerable measure of movement in the under-$300, 500 territory. The lower reach helps more youthful eras get into homes, particularly those with families who have experience issues assembling an upfront installment. This is also valuable to venders.

Because of the monetary resurgence, the homes have a vastly improved possibility of increasing in value. A land business sector filed for the more noteworthy Phoenix region, the per-square - foot estimation of Maricopa homes has risen 5.5 percent contrasted with the 2014 normal. In mid - May, the normal house was worth $73.40 per square foot. Phoenix’s home resale inventories expanded somewhat, with a one percent expansion since May 2015. Bothered properties, like dispossessions and short deals, continued as before as a rate of the aggregate market in June. The middle posting cost in Phoenix went down from May to June. There were an aggregate of 230 cost increments and 1513 value diminished. Lately, low maintenance inhabitants have leased their homes or contracted overseers amid the mid year. Then again, with the economy pivoting and the estimation of the dollar expanding, all the more low maintenance occupants

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– are offering their homes to turn a benefit. It has been observed that more homes are going under contract. They have had a lessening in stock and right now have nearly 175 homes under contract holding up to close escrow and 350 homes that are dynamic or accessible available to be purchased.

Offers of existing homes hopped to their most elevated amount in about six years in May, as indicated by the National Association of Realtors.

The 5.2 percent increment in May conveyed deals to a regularly balanced yearly rate of 5.40 million.

That is 9 percent over the pace a year back. Included in this aggregate are offers of single-family homes, townhomes, condominiums, and centers.

Strong deals increases were seen all through the nation in May as more mortgage holders recorded their home available to be purchased; therefore, they made more noteworthy decisions to purchasers. Then again, general supply still stay tight; homes are offering quick and value development in numerous business sectors keeps on teetering at or close twofold digit thankfulness.

Without strong picks up in new home development, costs will probably stay lifted — even with higher home loan rates over five percent. The middle cost for a current home was $229,000, about 9 percent above what it was a year prior.

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The quantity of first-time purchasers rose to 33 percent, the largest amount following September 2012. That is an empowering sign and is the aftereffect of different elements, including solid occupation picks up among youthful grown-ups, less costly home loan protection and banks offering low down payment programs. Near to one in five Phoenix - zone contract borrowers are formally submerged with negative value on their homes, as indicated by the Zillow land firm. That adds up to close 147,000 Phoenixzone homes still with negative value.

In the year 2014, it was forecasted that 2015 would not prove exciting enough for the real estate market due to low number of homes hitting the business, low number of homes sold, millennials coming into the market, and at least 20% of Arizona mortgage holders that are submerged in their home loans. Be that as it may, in all actuality 37.4 percent of valley property holders are successfully submerged. That is because they have negative value or they are scarcely above water and can’t generally offer their home and a purchase new one with the returns. The Valley’s authority submerged rate is 20 percent, as per Zillow. That is down from 20.7 percent toward the end of 2014 and 22.8 percent a year prior. The land firm expects the locale’s submerged rate to end 2015 at 17.8 percent. The national negative value rate for home loans was 15.5 percent in the first quarter, as indicated by Zillow. The month of February saw a perceptible increment in the

quantity of homes sold. The state has had a really calm business for quite a while, and it would seem that purchasers are getting more intrigued finally.

The quantity of homes under contract between $160 - 700,000 were said to bounce by around a third. A large portion of the homes sold were starter homes. In the event that interest keeps on developing then this time one year from now, a noteworthy deficiency might be experienced. Stock is one reason. It is low. Financial specialists are as yet sitting on dispossessions they ate up amid the lodging bust. Despite the fact that dispossessions in Maricopa County are down more than 80 percent since the tallness of the subsidence, new homes aren’t being fabricated quick. Typically 37 - 42,000 new homes appear consistently. In any case, for the time being, just 13 - 15,000 single family homes are fabricated in the valley consistently. Therefore, choices may be constrained for new mortgage holders. TPIN

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Real Estate Market Focus:

SOUTH CAROLINA

Rising patterns in real estate demonstrate that the purchaser’s business is a distant memory, and stock is crawling back on a national station. In the matter of land patterns in South Carolina, it is about the specific town or city. All through the greater part of the state, individuals are recapturing value in their home that they lost amid the real estate crash. South Carolina’s economy was positive lately. Livelihood developed at a powerful rate, family conditions enhanced to some degree, and lodging action ascended.

month however so did the extent of the work compel; the work power interest rate climbed 0.3 rate point to 59.5 %. In the first quarter of 2015, the offer of home loans with installments ninety days past due fell 0.4 rate points to 3.0 %. The prime misconduct rate tumbled from 1.3% to 1.2% while the subprime rate declined from 8.2% to 6.8% in the quarter. In the final quarter of 2014, genuine individual pay climbed 1.3% and expanded 3.79% since the final quarter of 2013.

Family Conditions

Lodging Markets

According to the family review, South Carolina’s unemployment rate was unaltered at 6.8% in April 2015. The quantity of the unemployed rose marginally during the

In April 2015, the state issued nearly 3,400 lodging permits up 44% from the former month and up 44.1% from the same month last year. Lodging begins, which totaled

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34,400 in April, were up 29% from March and up 38% on a year-over-year premise.

Home estimations in South Carolina admired 3.4% in April and 11.5% on a year-over-year premise. Since April 2014, home estimations acknowledged in every MSA with four metro territories Florence, Myrtle Beach, Spartanburg, and Sumter— reporting house value development more noteworthy than 10%. One approach to gauge the quality of the South Carolina home loan business is to take a view at the quantity of home loan applications and beginnings from the Home Mortgage Disclosure Act information. Of the 164,100 applications for home buy, home change, and renegotiate credits in 2013 in South Carolina, more than 100,500 brought about advance beginnings. The aggregate

number of advance starts expanded by around 14,900 credits, or 17.5%, from 2010 to 2013. The quantity of renegotiate advance beginnings expanded 18% from 2007 to 2010 while home buy home loans fell 47%. From 2010 to 2013, renegotiate credit starts expanded 5%, while contracts for home purchases increased 37%.

There are currently properties in South Carolina that are in some stage of foreclosure (default, closeout or bank possessed) while the quantity of homes recorded available to be purchased is 35,100. In May, the quantity of properties that got a foreclosure filing in South Carolina was 8% lower than the earlier month and 13% lower than the same time a year ago.

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Home deals for April 2015 were up 20% compared with the earlier month, and down 75% when compared with the year before.

The average cost of a non-troubled home was $139,000. The middle deals cost of a foreclosure home was $81,000, or 0% lower than non-bothered home deals.

Nearly 1,500 homes sold in May in the triregion zone of Charleston County at a median of $240,000. In May 2014, 1,320 homes sold at a middle cost of $218,000. Year to date, deals volume has expanded 20%, with 6,210 homes sold, contrasted with a year ago5,201. Year-to-date middle cost is developing at an extremely economical 2%, at $220,000 contrasted with a year ago- $215,000.

Home costs in the locale are developing at a consistent, reliable pace, which is a fantastic marker of the soundness of the business sector, long haul. The summer season is ordinarily one of the busiest, and with a steady inundation of new inhabitants moving to the Charleston range consistently, the following couple of months ought to be extraordinarily occupied for the realtors, homeowners and homebuyers.

Stock expanded with 60 more homes available, yet keeps on being somewhat low territorially, and in a percentage of the more mainstream regions around the low country. There are right now 6,000 homes recorded as “dynamic� available to be purchased in the Charleston Trident Multiple

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Listing Service (CTMLS). Preparatory figures demonstrated 1,390 homes sold in April at a middle cost of $230,000. The balanced figures now demonstrate 1,410.

Charleston’s slower than normal cost builds, possibly contracting stock attempts to point of interest of learner house seekers. The volume of amateurs has slacked lately. Scores of existing property holders hit by the 2008 lodging droop ended up in abandonment and suspicious about wading once more into the home-purchasing enclosure, while numerous post-school experts lately have been deciding to lease extravagance flats or move back with their guardians as opposed to jumping into home proprietorship. Still, late history shows that sizable quantities of first-time purchasers are at any rate hunting down homes, if not bringing initial installments and getting home loans at still low rates around 5% for 30-year altered credits. TPIN

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REAL ESTATE

HOW FOREIGN BUYERS DRIVE MEDIAN HOME PRICE IN CALIFORNIA

F

oreign investment is one of the foundations of the US real estate that has been especially important in recent years. Despite the fact that many figures in the industry would like to downplay the influence of foreign investors, there is no denying that foreign investment makes up a small portion of the total sales in the housing market. What makes this trend interesting is that foreign money is limited to only a few targeted areas, or markets in this case.

Canada, for instance, loves investing in Arizona, while Chinese investors enjoy making California an inflated market, as if it was not already. In fact, China is the top international buyer in the U.S. housing market. While they may not be buying property in Highland Park or other hipster towns in California, they have invested a large pool of money in San Marino.

We will take a look at the onset of foreign investment in the local real estate, inspired from a report published by the National Association of Realtors (NAR).

Driving Prices With increasing inventory and subsequent volumes of sales, foreign investors are driving real estate in specific markets. Despite the fact that total sales are deteriorating in 2015, the dollar volume is certainly going up, pushing the median home prices further. The following chart gives a comprehensive take of the total sales and dollar volume in over the past five years.

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The data is interesting to say the least. In 2010 the sales volume was the highest, despite that we were still experiencing the housing market crash. While 2015 has not been a highlight year, it is worth noting that spending is now at a record high. In other words, foreign buyers

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are willing to pay more than the average local homebuyer, thus pushing the median home price further.

Long Term Implications According to the NAR, China, Canada, and the UK are the biggest buyers in the U.S. real estate. These powers contribute to the shifting trajectory in price and inventory in specific markets. What is even more striking is that the median home price for a local U.S. buyer in 2014 was $255,600, which was almost half of the $499,600 that foreign buyers paid.

Only six years ago the difference was just $105,200.

It is clear from the buying activity of foreign investors that the domestic homebuyers are having difficulty keeping up with the rising prices. Of the countries that invest the most in U.S. real estate, China makes the largest contribution. They are closely followed by Canada, India, Mexico, and the U.K. The U.K., once a large player in U.S. real estate during 2010, is no longer spending top dollar in the local market. The escalating median home prices in California, along with the volatile potential of the local housing market in the UK are some of the factors discouraging investment from the region.

with 23% in residential rentals.

The residential rental buying from foreign investors is certainly going to increase, given how fruitful the Californian market is for landlords. For Californians, this only means that buying a home, despite the ease in borrowing regulations, will once more become a fantasy. As for other markets around California, do not be surprised to see investment in these markets once the housing bubble becomes an impending reality in the region.

This seems like a dismal reality for Californians, but in actuality it is a gentle push to action. If you are looking to buy property in California, then work fast. Find the property or properties that you wish to purchase and act after doing your research and making your plan. If you want to sell your property in California, then wait. Soon the market will lose inventory and foreign investors will pay top dollar for your property, especially if they can rent it out. Want to know more? Go to www.thepowerisnow.com and join the buyer’s and seller’s club for free to get free support, consultation and information from me and my team. You have the power to change your life now because The Power Is Now. TPIN

Asia is currently the largest investor in California, as Chinese buyers make up the bulk of real estate transactions. Primarily 39% of the buying is in primary residence

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The Highs

and Lows

of Down Payments

throughout the US

$

Making the biggest upfront installment your financial plan permits is the most ideal approach to go. Your credit may be excellent to the point that you are not needed to make an initial installment. Then again, there are a couple advantages to making an initial installment.

Ultimately, the more you put down the more you spare. Not only do you decrease your regularly scheduled installments by making an upfront installment; you likewise diminish the measure of interest you pay over the life of the advance which, when exacerbated can truly include. There is no such thing as an upfront installment that is too huge.

Forthcoming home purchasers frequently refer to the initial installment as a critical obstacle to their home-purchasing arrangements. The main stride to hop over that obstacle is to look at the options and concoct an upfront installment objective that bodes well for your own circumstance.

An “initial installment” is a piece of the home price tag that the purchaser pays in real money, as opposed to financing. The sum is typically communicated as a rate. Case in point, on the off chance that you obtained $29,000 and paid $20,000 money to purchase a $300,000 home, the $10,000 would be your upfront installment. To make sense of the rate, partition the upfront installment, $20,000, by the cost, $300,000, and you’ll get the answer,

august / september 2015

for this situation, 5 percent.

The initial installment, which does exclude shutting expenses, turns into a money related pad, called “value,” in your home. Value can help you manufacture riches or you may have the capacity to get against it as a home value credit or line of credit.

Abominable installment advances represented only 8% of every home purchased in the main 25 U.S. lodging markets by value, including New York, in 2015. The normal initial installment for homes in those business sectors was nearly $14,000, or 25% of the aggregate price tag.

The New York and New Jersey markets had the most noteworthy initial installment rates in the nation. Purchasers dropped a normal $348,000 on an initial installment for a home, or 39% on a normal aggregate home cost of $940,000.

In Brooklyn, purchasers paid $164,000, or 30%, on an aggregate $575,000 buy.

The national normal for an upfront installment is nearly $320,000, or only 15% of the aggregate price tag. nt dodges contract protecti A long time back, banks quite often obliged an upfront installment of no less than 20 percent for a home buy. Today, 5 percent-down credits are ordinary and 3 percent-down advances likewise are accessible. A few individuals even

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purchase a home with no upfront installment.

Banks are willing to offer these abominable and zero-down advances because of the accessibility of home loan protection, an included month to month charge that you pay to safeguard your bank against the danger that you may default on the credit. To abstain from paying this additional charge, you’ll have to make an upfront installment that is bigger than 20 percent or you’ll have to consider a financing bundle that is more muddled than one plain-vanilla home loan.

Advantages of a bigger or minor down payment A bigger upfront payment evades contract protection, as well as means your month to month contract installments will be lower than they would be in case you obtained a greater rate of the same price tag. On the off chance that the estimation of your home increases in value over the long run, your upfront installment could be a decent speculation contrasted and other venture opportunities.

Also, in case you’re purchasing a home in an aggressive business, a bigger initial installment may make your buy offer more appealing to the merchant.

A bigger initial installment can bring about a lower interest rate on your home loan in the event that it keeps your advance sum beneath the farthest point for an

“accommodating” home loan. The adjusting credit breaking point is not a rate, but instead a particular sum that is set yearly in the optional home loan business sector and that fluctuates among geographic ranges. Approach your home loan specialist or moneylender for more data about the accommodating credit limit.

A minor down payment may help you buy a home sooner on the grounds that you may not require as much time to gather a littler measure of cash. A few purchasers decide to make a littler up front installment so they can set aside cash to outfit their new home or make repairs or changes.

Hindrances One hindrance of taking cash out of your savings account to make a higher upfront installment is that you will no more get the premium that your cash was winning in the record. This is just an issue, however, in the event that the normal rate of profit for your investment funds is more than the premium rate on your home loan. Another disservice is that you will have less enthusiasm to pay on your home loan, which deciphers into less duty deductible installments. One more disservice is the prompt money get to that you lose when you exhaust your bank account. It is imperative to have a just-in-case account, and on the off chance that you utilize your reserve funds to make an initial installment, you may relinquish your backup stash too. TPIN

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* Restrictions may apply.

Frazier, Eric, Lawrence is a CA Mortgage Brokerage Licensed by the State of CA BRE 01143484 and is not affiliated with any state or federal agency. Frazier, Eric Lawrence is also licensed by NMLS# 1273606 - www.nmlsconsumeraccess.org. Frazier, Eric, Lawrence is an equal housing lender. Our corporate office is located at: 379 6th Street Riverside, CA 92501. Telephone and Fax: 800-261-1634 Eric Lawrence Frazier, MBA is a Licensed Loan Originator NMLS# 1461708. This is not a commitment to lend or extend credit. Restrictions may apply. Information and/or data is subject to change without notice. All loans are subject to credit approval. Not all loans or products are available in all states.

REAL ESTATE

Is There Any Weight to Low Offers

?

G

Getting a deal on a home may appear an inconceivable dream. In any case, at times, wise buyers can even now make a low offer on a home - and win. The business sector is bouncing back in numerous parts of the nation. With low intrigue rates and little stock, numerous properties are seeing different offers. Homes that show well and are estimated properly are offering rapidly.

Opt for sellers who don’t listen to their operators Clever sellers cooperate with decent neighborhood agents right on time simultaneously, are educated about the business and the comps, and take their specialists’ proposals in regards to estimating and how the home shows. Months ahead of time, they examine little nonessential changes that should be made to get the best cost for the property.

On the contrary, in all businesses, there will be merchants who oppose the guidance of their land operators and don’t approach with the best tactic when going on the market. These sellers approach market with their best foot forward and can charge huge money. They would prefer even not to hear what their specialist needs to say. These sellers can give the genuine chance to smart buyers. Their homes sit

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available while others move rapidly. Try not to be demotivated by these homes like most buyers are. Rather, see them as an open door. Consider unheard of options and get your work done. These homes can give a pleasant chance to a keen buyer to make a low offer on a home in this focused business sector — and eventually get a decent arrangement.

Search for homes that don’t show well Consider a home available to be purchased. Be that as it may, this is the home of a hoarder. There is such a great amount of “stuff” in the house, a lot of furniture. The house hasn’t been painted in years. The kitchen cupboards have experienced better days. The one end to the other cover in the living room is loaded with stains. To finish it off, the seller is a smoker, and you can’t miss that scent. The dealer has opposed the specialists’ recommendations to disperse the home, put a few things away, do some depiction and dispose of the smoke smell.

The outcome? This home, as well, sits available for a considerable length of time and weeks. Buyers recognize what’s off with it.

Buyers who are sufficiently fortunate to shop for a home in a buyer’s business are in the lucky position of being more prone to get a lowball offer acknowledged.

In real estate, homes rapidly offer and, since there is little stock or rivalry, it is hard to arrange a lowball offer. Be that as it may, whether real estate is hot, icy or nonpartisan, lowball offers can bring about huge funds to a buyer that they are displayed and arranged legitimately.

Discover the Seller’s Motivation If you don’t know why there is such a deal being offered, you can’t address the seller’s issues.

Possibly the problem that is begging to be addressed is budgetary. Possibly the seller needs to rapidly move. On the off chance that you know the purpose for the deal, you can structure your offer to satisfy those needs.

Compose a Clean Offer Try not to request things that contradict neighborhood custom. Abbreviate investigation periods, diminish or waive a few possibilities and present a bank preapproval letter. Try not to give the posting specialist’s motivation to uncertainty your capacity to perform. Seem solid, qualified and prepared to close.

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Continuously Counter the Counter Offer It’s a given that the first counter is just a welcome for the buyer to offer a second counter offer.

Yet, now and again buyers get demoralized. It’s a move to see who will win. Until they turn off the lights and close up the bar, continue moving.

Move Attention Away From Price There are numerous different contemplations than cost. It’s shrewd to change strategies and request different concessions, for example, shutting expense credits, repair credits, longer escrow periods or concentrate on substantial products, for example, furniture or machines.

Give a Logical Reason Why Your Lowball Offer is fair Try not to affront the sellers by giving more than a rundown of deals. Reveal that you have your work done. Make documentations on every deal that contrasts it with the subject property.

Possibly the higher valued homes had rebuilt kitchens. If the home you need to purchase is not upgraded, and then dispatch an authentic figure mirroring the rebuilding work from the merchant’s rundown cost.

At the point when your offer is rejected and negotiations end don’t pack up your toys and go home. Simply hold up. Sellers have explanations behind dismissing offers. Perhaps you made an offer on another posting, when the seller imagines that a truly awesome offer is practically around the bend. Give them a chance to sit out the real estate sector. Following a month or two has passed by, resubmit your offer. Simply check off the date, however leave enough of it so the dealer can perceive to what extent it’s been since you last made an offer. At that point write in the new date and resubmit. TPIN

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POWER AGENT SPOTLIGHT

I

Hicks&Massey

f you are looking to buy or sell real estate, then calling up Barbara Hicks and Trice Massey will save you all of the trouble. The mother-daughter duo behind the Greater Kansas City Realty is stunning in their running of their business. They will ensure that you get what you deserve and nothing less. Between the two they have twenty-five years of experience in the Kansas City area with a number of properties including farms, commercial properties, and new constructions. The Greater Kansas City Realty is a family-owned business venture with three generations of the family actively involved in the growth and development of the company. It started with Barbara, who passed the thriving business onto her daughter Trice. Trice’s son, Adam, officially became a part of the company eight years ago. He is currently the office manager and handles customer service as well.

august / september 2015

Until 2010, they worked for Reece & Nichols. After the two women built up enough experience with Reece & Nichols, they established their own brokerage firm called The Greater Kansas City Realty, achieving tremendous success and providing residents of the Kansas City metropolitan area with their real estate deals. Be it buying a home, selling a home, or fixing any real estate issues you may have, The Greater Kansas City Realty is there for you.

One of their more remarkable qualities is that they also include bilingual real estate services to people who speak Spanish. This benefits those who may not have a working knowledge of the English language, helping them achieve their dreams and fulfill their needs.

In conversation with the Power Is Now, Barbara and Trice gave wonderful insights and shared their experiences in their many

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years of real estate experience. We asked Barbara and Trice what the phrase “the power is now” means to them. Trice chipped in immediately, saying that she had always been taught that “now is all we have”.

They have always valued the present, and therefore, preferred accomplishing tasks in the moment rather than postponing them.

Procrastination, she says, is not something that is encouraged in their brokerage. In addition to that, Barbara and Trice ensure that the clients are constantly aware of any developments and that transparency is maintained between them. If they come across information relevant to the client, then they make sure that the client is made aware of it right away. Trice remarks that it is a critical aspect of working with their clients.

Barbara also emphasized the same sense of urgency that the real estate business demands. She pointed out that the phrase “time is of the essence” is never more appropriate than in case of real estate.

These two women established their own firm in 2010, driven by the desire to be independent of the ownership of other firms. They note that it has been a wonderful opportunity to connect and work with clients from across the country as well as internationally. The Greater Kansas City Realty is a completely owned by women, and ever since they jumped on the real estate bandwagon, they have never looked

back.

The duo made it a point to assert that family is vital to both their business and themselves. Their closeness is one of the reasons that their family-owned and run brokerage is doing so well. They bring the same philosophy to their clients, treating each customer like they would a family member.

Trice’s real estate roots do not originate in Kansas City. Within four years of having begun her stint in real estate, she moved to Kansas City. She soon convinced her mother to quit her high-paying corporate job at a communications company in Kansas City to join her in the real estate business.

Their passion for real estate is staggering.

When we asked Barbara and Trice what it was that kept them going, Trice attributed their drive to their desire to help people and the fact that the process of buying a home, selling a home, downsizing, or moving to a new place is an incredibly exciting process.

The excitement is something they love being a part of and assisting with as needed.

They have been called “social workers wanting to be realtors”, although Barbara seems undecided about the name, one can say with certainty that that is a great type of realtor for one to be, driven with the desire to help in whatever way they can with a person’s real estate needs.

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POWER AGENT SPOTLIGHT

To them, communication with the client is paramount. It is an important part of their relationship with the client, which helps them understand their client’s needs more clearly, which benefits both parties. This s specialty lies in traditional resale, is especially beneficial when it comes to a Trice’ is an element to real estate that she family, or a new couple, who may not agree which ughly on something, or may have vastly different thoro s. With a large chunk of people ideas about the type of home they need. In enjoy ing to downsize in the current market such cases, talking with the family helps choos move to smaller homes, Trice finds it the group realize their needs and come to and especially exciting to assist in the process. an agreement.

With six counties – three on the Missouri side and three on the Kansas side – under their wing, and ample representation in all of them, Barbara and Trice can cater to their clients’ needs perfectly. They carry anywhere between forty to one hundred listings per day. Moreover, The Greater Kansas City Realty makes sure that they are there for the client during the process, taking care of financing, the inspections, and more. Most buyers tend to be afraid that a deal will not work to their benefit, and the Greater Kansas City Realty ensures that they provide not only advice but also any reassurance the client may need.

Barbara says that the current real estate scenario in Kansas points more towards it being a seller ’s market as opposed to a buyer ’s market. However, she also believes that this may not hold indefinitely with the constant change that the market undergoes. She notes that those wishing to sell must make a decision to do so quickly – a thought that Trice echoes.

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Marketing is a vital part of connecting with clients, and the Greater Kansas City Realty acknowledges this and dives in. They have realized the importance of factors such as the internet and social media, working these to their and their clients’ advantage.

Barbara and Trice have also been great about keeping ahead of the game, making it much easier by making use of the latest, cutting-edge technology available. In fact, they even have a full-time social media manager who manages their accounts on Facebook, LinkedIn, and the likes – something that not many brokerages can boast of.

The best part about the Greater Kansas Realty is that they make you feel at home.

While you are working with them, you are treated as family. Your phone calls will be answered as well as any queries you may have. They will willingly go that extra mile to ensure that you, as a client, get exactly what you want. TPIN

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YOU

The Components of Success:

Determination

Finishing what you started or just developing a habit of completing projects is an important key to success. This habit will serve you well your entire life and is also the foundation to high productivity and extraordinary success. Keeping your commitments and never missing deadlines for anything is a lifelong struggle for many, but it is achievable. Getting along with coworkers and learning to collaborate successfully is an absolute necessity for success. Your ability to work with people is one of the most important sub components of success and of what it takes to be successful in life. Rarely does anyone achieve great success alone. It takes a team and collaboration with others. We all stand on the shoulders of people who have come before us or who are working with us now.

Determination is what is required to work with people and to accept people who are not like you, think like you, or look like you, but you need everything they

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YOU

bring to the relationship, and they need you to be successful. Mutual determination to work together to achieve a unified goal will lead to success. Determination is what enables you to fight through adversity and calamity and will allow change to occur in your life without missing out on the success you’re seeking. Let change take its best shot, and watch determination keep you standing instead of falling down for the eight counts. Change is simply part of the terrain you must endure as you travel your chosen pathway to success.

Sometimes you have to cross rivers and climb mountains, deal with the harsh elements, or fight wild beasts that seek to eat you or just kill you. Come what may, your determination is a result of preparation and absolute dedication to age old mantra “failure is not an option”, which is only spoken by those who are truly prepared to do what it takes for as long as it takes to win.

However, being determined does not mean that you must be blind. If a project is only eating up time and not producing the results you are looking for, then be quick to change direction and keep doing so until you have completed the project. You could also modify the project so that you can complete the project and achieve the goal.

You are the author and creator

of all of your dreams and goals. Just like you have made those goals, you can change them.

Determined people are not infallible people; they are smart people who “know what time it is.” Because of this they fail often and they fail quickly, but they never give up and they always finish on top.

We are in control of your lives. Adversity and change is not a reflector of persons, professions, or the determined, but being able to deal with it and make the adjustments that change may demand is what makes us all successful. If we can all take this one component of success to heart, determination, then I believe that the road to success will open wide with an abundance of opportunity to keep achieving and growing in your success. We have the power to be determined in everything we seek to accomplish and that power is now.

Please go to the Power Is Now website and check out the magazine, radio shows, and read my blogs.

Thank you. www.thepowerisnow.com

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CEO CENTERFOLD

CEO CENTERFOLD

Ron Cooper Ron Cooper I had the privilege to interview Ron Cooper for the The PIN magazine, and I became a bigger fan of Mr. Cooper during the interview. I have known Ron for over twenty years and have been a witness to his success in the real estate business. I used to visit his real estate office for loans as a Branch Manager for American Saving Bank and Washington Mutual years ago. I am very proud to know Ron, and I appreciate the time he provided for this interview. He is an inspiration to me and a great leader in our community.

Ron Cooper is an African American Real Estate Broker, investor, and entrepreneur. He has become a multimillionaire as a broker and investor, and has built an incredible portfolio of real estate that will financially impact his family for generations to come. He has built a very successful REO business and has commercial accounts with all the major banks, government agencies, and private companies.

He has a team of over thirty full time agents and is a recognized name in Los Angeles as a broker, leader, and real estate firm. R.S. Cooper and Associates is a brand and player in the real estate market of Los Angeles, California.

Ron Cooper is also a success story not just for the African American Community but for all Americans who seek the promise of America for the opportunity to pursue your dreams, provide for your family, and to achieve wealth that may change the life of your family for generations. Ron Cooper’s story is not unique. There are many Ron Coopers in African American communities across the country who have chosen real estate as a profession and have built tremendous wealth. For most of these individuals it started with buying their first home; however, you will not read about African American men like Ron Cooper, especially in the press lately. In addition, men like Ron Cooper do not seek the limelight or fame.

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CEO CENTERFOLD

Ron Cooper especially loves working behind the scenes building a successful company, mentoring real estate agents, working with community organizations, investing in young people, leading real estate trade organizations, and being a role model for other African American men who have chosen the profession of real estate.

significant fall from the still low norm of 48%.

To make matters worse, there is a 59% loan denial rate to African Americans applying for a mortgage loan.

For most Americans 90% of their wealth is in homeownership. There is already a significant wealth gap between African American and whites, but the Great Financial Crisis exacerbated the situation and has caused a larger wealth gap for the African American community. Government policies in housing and banking, credit overlays in lending, FICO SCORE requirements, and many other barriers are making it difficult, if not impossible, for African Americans to get back in the housing market. In the interview Mr. Cooper shared his own story about how investing in real estate enabled him to send his children to a top university because of the money he earned from owning and renting out real estate.

Mr. Cooper has achieved many accomplishments in his real estate career and will soon achieve perhaps his most important role yet as President of the NAREB, The National Association of Real Estate Brokers. After years of serving the organization and being in the real estate business for more than thirty-three years, he now has earned an opportunity to make a difference as leader in the NAREB. As President of NAREB, Mr. Cooper hopes to have the greatest impact on the organization and in the African American community by making advocacy his number one priority. He believes that there are many reasons why advocacy must be a priority Ron Cooper expressed his excitement about for his administration. being inaugurated on August 20th, 2015 as the 29th President of NAREB . Since the One reason Mr. Cooper believes that advocacy Presidency of NAREB is a two year term, Mr. should be priority is because of the Great Cooper has simplified his mission into three Financial Crisis. Everyone was impacted by components in order to get as much done as the Great Financial Crisis, but the African possible.

American community was devastated by the crash of the real estate market and the lost The First Component Is Returning the thousands of jobs. Now that the country is NAREB to Its Roots in Advocacy. recovering from the crash and the real estate market is coming back, only 2.2% of all loans Cooper believes that the NAREB has moved are going to African Americans from the most away from enacting social change in real estate recent data of Freddie Mac. Only 41% of in favor of becoming a trade organization. The African Americans currently own a home, a issues facing African Americans as relates to

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CEO CENTERFOLD

homeownership is serious and must be a priority of his administration. The slogan of NAREB, “Democracy in Housing”, is a call to action for equality and opportunity for homeownership in the African American community. Ron Cooper will be using his position as the President of the NAREB to begin rebuilding the African American community’s re-entry into homeownership.

The Second Component of Ron Cooper’s Plan is to Reestablish the NAREB’s Relationships With Community Organizations Such As Fair Housing or the NAACP. Getting on the same page and creating partnership with leading advocacy organizations who serve minorities and the African American community is a high priority to Mr. Cooper.

He intends to work with these organizations to improve homeownership of African Americans and form strong collaborations and partnerships that will unite and strengthen our collective efforts as advocacy organizations striving the meet the needs of our communities.

as exposing the issues regarding the state of housing for African Americans.

Ron Cooper’s mission statement for his term as President of the NAREB is “reimagining the dream of homeownership through advocacy, action, and activism.” He notes that to truly reimagine anything, one must better the original action or thought. By reimagining homeownership in the African American community he hopes to reveal that renting will only get one so far. Owning a home will allow African Americans to build wealth for generations to come.

Ron Cooper has the full support of The Power Is Now Team as he moves forward into the presidency of the NAREB. His clear mission statement clearly communicates that the time for change in the African American community and in the organization is now. We look forward to interviewing Ron Cooper again during his term and after he has completed his term to speak about his accomplishments. I am confident that he is prepared for the job, and I agree with him that the Presidency of NAREB was his divine destiny.

Eric Lawrence Frazier, MBA

The Third Component of Mr. Cooper’s Mission Is To Reestablish Relations With the Public.

He believes that the NAREB has retreated into a private organization and needs to advance back into the public to tackle the social issues with home ownership. Mr. Cooper vows that there will be a community day every year at the National Convention to bring news of the NAREB’s activities to the public as well

This article also appears on our sister magazine:

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MORTGAGE

The Rise of the Mortgage Modification Interest Rate by Fannie Mae

Inside of the note conveyed to servicers, Fannie expressed that servicers must make utilization of the new rate of enthusiasm for pretty much any advance mod assessment completed on or after June 12. When the project began in Jan. 2012, Fannie’s benchmark rate of interest was 4.625%.

Fannie had previously diminished the rate of interest to 4.25% in the September of 2012, preceding shedding it to 4% on the 1st of December, 2012. Fannie Mae is put to help the benchmark rate of interest due to its Standard Modification program subsequent to bringing down it essentially 30 days back. Fannie Mae presented the change along with an email conveyed to its servicers. In May, Fannie had dropped the rate of interest from 4.125% to 4% yet it is currently curing that change. In the note sent to servicers, Fannie Mae had said that servicers must utilize the new intrigue rate for any home loan credit change assessment directed on or after May 14.

According to Fannie Mae’s site, the customary modification system is reportedly “intended to help people

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indebted individuals who are ineligible for the HAMP Loans.”

To be self-evident, this very recent rate does exclude HAMP borrowers. Starting June 12, Fannie Mae will raise its required rate of interest for conventional adjustments from 4 percent to 4.125 percent, which was the assigned rate from April 14 and through May 14. The rate of premium continuously dropped starting from October 2014 until Feb 2015, tumbling from 4.5 percent to 4 percent, preceding Fannie lifted it in April, and in mid June, expressing “winning business rates,” Fannie is incrementing it once more.

The rate of interest stayed at 4 percent until Sept. 2013, when Fannie hoisted it to 4.625 percent, p r e c e d i n g shedding it to 4.5% in this midyear 2014.

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The Home Affordable Modification Program (HAMP), a piece of the administration’s Making Home Affordable system, has been reached out until December 31, 2015. HAMP was created to help mortgage holders who are battling with their home loan installments by altering the terms, (for example, the interest rate or length) of the advance. To be qualified for HAMP, mortgage holders must have advances possessed by Fannie Mae or Freddie Mac—or credits adjusted by a taking an interest home loan organization (in case you’re not certain, snap the connections to check)—and meet different conditions.

“HAMP’s augmentation will give more mortgage holders the chance to get the help

they have to bring down their month to month contract installments,” remarks Gary Neuman, director of Fannie Mae’s national system of Mortgage Help Centers.

“The most essential thing is for mortgage holders to contact their home loan organization, or if their advance is possessed

by Fannie Mae, get in touch with one of our Mortgage Helps Centers for help. The quicker you act, the more alternatives you may have.

Also, regardless of the possibility that you don’t meet all requirements for HAMP, there may be different changes or alternatives, for example, a Short Sale or Mortgage Release, to help you dodge abandonment,” he includes.

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MORTGAGE

What is HAMP?

How can it function?

HAMP is planned particularly to help property holders affected by monetary hardship. With HAMP, your credit is changed to make your month to month contract installment close to 31% of your gross (pretax) month to month wage. In the event that qualified, the adjustment for all time changes the first terms of your home loan.

HAMP includes one or a greater amount of the accompanying - Changing the home loan credit sort (such as from Adjustable Rate Mortgage to a Fixed-Rate Mortgage); augmenting the term of the home loan (e.g., 35 year plan to a 45 year plan); diminishing the interest rate either briefly or forever; and including any past-due sums

An alteration may be a choice if you are ineligible to renegotiate, you are confronting a long haul hardship, you are behind on your home loan installments or prone to fall behind soon or your advance was started prior to January 1, 2009 (i.e., the date you shut your credit). Your advance is possessed by Fannie Mae or Freddie Mac –or is overhauled by a taking an interest home loan organization in case you’re not certain, snap the connections to registration by utilizing the Fannie Mae Loan Lookup device

Fannie Mae is situated to raise the benchmark interest rate for its Standard Modification program in the wake of bringing down it only one month prior. Starting June 12, Fannie Mae will raise its obliged interest rate for standard changes from 4 percent back to 4.125 percent, which was the assigned rate from April 14 through May 14. In May, Fannie dropped the interest rate from 4.125 percent to 4 percent yet it is presently turning around that change.

In the note sent to servicers, Fannie said that servicers must utilize the new intrigue rate for any home loan advance change assessment directed on or after June 12. TPIN

What are the advantages?

Resolve your wrongdoing status with your home loan organization instantly; may diminish your month to month contract installments to a more reasonable sum; change the first terms of your home loan forever, giving you another beginning; less harmful to your credit score than a dispossession; and live within your house walls and dodge dispossession .

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GOOD NEWS!

FHA Back to Work Program!

Our company is proud to participate in the FHA’s Back to Work Program. This program is designed to help buyers who have lost their homes as the result of an economic event.

Using this program, you can reduce the bankruptcy, foreclosure, short sale and deed in lieu of foreclosure seasoning requirements to as little as 1 year!

PROGRAM BASICS • Buyer must have experienced an economic even, defined as:

- Loss of employment

- Drop in household income of 20% or more lasting 6 months or longer.

• Purchase Loans only • Demonstrate full recovery from the event, including re-established credit for the most recent 12 months.

• Completion of housing counseling through a HUD-approved counseling agency

Call me for details: Name: Eric Lawrence Frazier MBA Website: www.ericfrazier.com E-mail: eric.frazier@ericfrazier.com Skype: frazier.eric Mobile: 714-475-8629 O: 800-261-1634 x 703 F: 800-261-1634 Frazier, Eric, Lawrence is a CA Mortgage Brokerage Licensed by the State of CA BRE 01143484 and is not affiliated with any state or federal agency. Frazier, Eric Lawrence is also licensed by NMLS# 1273606 - www.nmlsconsumeraccess.org. Frazier, Eric, Lawrence is an equal housing lender. Our corporate office is located at: 379 6th Street Riverside, CA 92501. Telephone and Fax: 800-261-1634 Eric Lawrence Frazier, MBA is a Licensed Loan Originator NMLS# 1461708. This is not a commitment to lend or extend credit. Restrictions may apply. Information and/or data is subject to change without notice. All loans are subject to credit approval. Not all loans or products are available in all states.

LEGAL

Quicken Loans vs.

DOJ and HUD

D

uring the past month’s Mortgage Bankers Association National Secondary Market Conference in New York City, a significant part of the business gossip concentrated on Quicken Loans, its choice to sue the Department of Justice and the Department of Housing and Urban Development and the claim’s effect on the business.

“This is about extricating an installment settlement and getting us to recommend that our organization did something incorrectly,” Bill Emerson, Quicken Loans CEO said. “We’re essentially not going to do that. We didn’t submit misrepresentation against the administration and we’re not going to surrender to the DOJ’s requests and dishonestly guarantee that.”

The claim focuses on the DOJ’s assertions that Quicken damaged the False Claims Act by “intentionally” submitting many “despicably endorsed” credits safeguarded by the Federal Housing Administration from September 2007 through December 2011. The organization says it was left with no option however to sue the administration after the DOJ requested Quicken Loans make open confirmations that were “glaringly false” and pay an over the top fine, or face legitimate activity.

Quicken Loans secured the first triumph in its fight against the U.S. Bureau of Justice and the Department of Housing and Urban Development when an elected judge decided that Quicken’s claim against the administration will be heard before the administration’s body of evidence against Quicken is heard in a different court.

In mid-April, Quicken sued the DOJ and HUD in Federal Court in Michigan, saying that it was left with no option however to make legitimate move after the DOJ requested Quicken Loans make “conspicuously false” affirmations about its loaning practices, and also pay a huge punishment or face lawful activity. They had sued the U.S. Lodging and Urban

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Development Department and the Justice Department, asserting it’s by and large unreasonably compelled into consenting to an immoderate settlement and conceding blame in a defective credit examination.

The Detroit-based home loan bank charged in a complaint documented in government

LEGAL

court that the U.S. Equity Department has “over and again debilitated a prominent claim against the organization” unless it confesses to utilizing imperfect giving practices as a part of issuing Federal Housing Administration Loans. “A significant number of the credits were ordered as “damaged” by Defendants in light of the fact that actualities or reports purportedly were lost in the credit document.

In any case, much of the time the realities were demonstrated and the archives were there,” Quicken lawyers contended in the court recording. In different cases, the assumed “deformity” was that the advance did not meet FHA endorsing rules. In any case, those attestations were wrong, in light of the fact that the DOJ and HUD-OIG (Office of Inspector General) had utilized the wrong FHA rule. In one advance, Quicken Loans was blamed for poor guaranteeing on the grounds that it had erred an FHA candidate’s month to month wage, when the slip was just $2.10. As per FHA rules, and sound judgment, a unimportant distinction like this is no bar to insurability.

Another advance was hailed in the examination on the grounds that credit officers advised a borrower to convey $125 to shutting after at first assessing $48 to be expected at shutting, as per Quicken’s document. In another occasion an advance was called deficient by agents on the grounds that Quicken lent $26 a lot on a $99,500 credit, as indicated by the dissention.

Quicken legal counselors contended that these cases, and the majority of the other 55 credits the DOJ and HUDOIG distinguished to Quicken Loans, were not endorsed shamefully in order to make an undue danger of misfortune to the Fund, and don’t sum to misrepresentation or false cases.

Justice and HUD Department legal counselors

had 21 days to react to the claim in the wake of being presented with the grievance. At that point, a few days after the fact, the administration countersued Quicken in Federal Court in Washington D.C., saying that the bank “intentionally submitted, or created the accommodation of, cases for several despicably guaranteed credits” safeguarded by the Federal Housing Administration from September 2007 through December 2011. As indicated by the DOJ, Quicken was an immediate support bank with the FHA, which gave Quicken the power to start, guarantee and confirm contracts for FHA protection.

In its suit, the DOJ affirms that Quicken did not hold fast to the FHA’s guaranteeing norms.

The administration’s objection affirms that Quicken organized and energized an endorsing process that prompted representatives ignoring FHA principles and dishonestly guaranteeing agreeability with guaranteeing prerequisites so as to harvest the benefits from FHA-safeguarded home loans. “The complaint further affirms that Quicken neglected to execute a satisfactory quality control project to recognize lacking credits, and that Quicken neglected to answer to HUD the advances it did distinguish,” the DOJ said in its suit. “Specifically, as indicated by the administration’s grievance, regardless of its commitment to answer to HUD all tangibly insufficient advances, amid the period from September 2007 to December 2011, Quicken covered its inadequate endorsing practices and neglected to report a solitary guaranteeing insufficiency to the office.”

U.S. Locale Judge Reggie Walton in Washington passed on a decision, allowing a movement from Quicken, which will permit Quicken’s suit against the DOJ and HUD to be heard first. TPIN

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& E DESIGN

Trending Design Building Ideas verybody likes to be savvy, and the most recent patterns in outline can help recognize one home from another.

Also, it’s not all glimmer; numerous new home trends are equipped to pare upkeep and vitality utilize and convey data quicker.

Here’s a glance at what’s trending.

Open Spaces An open floor arrangement may feel like old news, however it’s turning into a wish past the youthful fashionable person demographic.

After the kitchen turned into the home’s center point, the following step was to evacuate all dividers for more noteworthy fellowship. It suggests going above and beyond and adding windows to better merge inside and outside is a great idea.

Off-the-Rack Arrangement Buyers who would prefer not to invest energy or cash for a custom house have another alternative. House arrangement organizations offer heap outlines to adjust for site, code, spending plan, and atmosphere conditions.

There are bunches of organizations to consider, yet the best wagers are ones that are upgrading formats throughout today’s lists of things to get open-arrangement living, numerous expert suites, more noteworthy vitality proficiency, and littler foot shaped impressions for downsizers. Numerous manufacturers will acknowledge these outcasts’ arrangements; however they may charge to adjust them.

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DESIGN

Detached Tubs

Charging Stations

They may invoke pictures of Victorian-period extravagance; however the most current emphasis demonstrates a cool sculptural hand. One admonition: some may think that it difficult to move in and out. These tubs supplement other bathroom patterns: open divider specialties and single wash bowls, since two individuals infrequently utilize the room at the same time.

With the span of electronic gadgets contracting and the multiplication of Wi-Fi, interest for vast work areas and separate home office is melting away. Notwithstanding, property holders still need a committed space for charging gadgets, and the most mainstream areas are an edge of a kitchen, passage from the garage, and the den or family room.

Chimneys and Fire Pits Seeing a fire, genuine or fake, evokes a sign of warmth, sentiment, and harmony. New forms available make this luxury more open with smaller configuration and less venting concerns. This year the most recent emphasis is on this excellent: chic, which currently tackles the modest wood stove.

Health Framework

Ceramic Floors In case you’re going to run with laminate wood, opt for ceramic. It’s less extravagant and wears better than the genuine article.

Ceramic can be found in customary little tiles or long, direct boards. It’s likewise accessible in various hues and surfaces, including prominent one-shading combos with slight varieties for a clue of separation. Great spots to utilize this material are high-movement rooms, corridors, and areas presented to dampness.

Developers are presently tending to ecological and wellbeing concerns with all encompassing arrangements, for example, heat recuperation ventilation frameworks that channel air ceaselessly and utilize little vitality. Other better approaches to enhance restorative effect incorporate lighting frameworks that use daylight, swimming pools that shun chlorine and salt by including a second nearby pool with plants and rock that purge water, and palatable patio nurseries featuring fixings, for instance, wavy blue kale.

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DESIGN

Shades of White Kitchens Keyless Entry No major ordeal as developers begin to change to biometric unique mark entryway locks with numerical calculations entered in a database. A few frameworks allow property holders to track who entered and when.

Water Protection The concerns of dry season attacked California is spreading across the country. Mortgage holders can now buy water gathering tanks and storages, gray water frameworks; climate controlled watering stations, penetrable pavers, dry season tolerant plants, and no- or low-cut grasses.

Salon-Style Dividers As opposed to showing a couple of unmistakable pieces on a divider, the salonstyle pattern components meets expectations from floor to roof and one end to the other.

Think Parisian salon when the new century rolled over.

In spite of the considerable number of varieties in hues and compositions for kitchen counters, backsplashes, cupboards, and ground surface, the all-white kitchen still gets the metal ring. What’s distinctive now is that every single white does not mean the same white, since varieties include profundity and visual claim. White can go from stark white to smooth and past to light blue-dark. Also, when cupboards are white, property holders can pick greater, bolder equipment.

Outdoor Living Enthusiasm for investing energy outside continues mushrooming, including open air showers adjoining pools and hot tubs alongside betterprepared rooftop decks for urban occupants. Likewise hope to see enhancements in advantages for pets, for example, private canine runs and wash stations.

Copper The 2015 “it” metal is copper, which can ooze modern warmth in huge swaths or prudently in a couple backsplash tiles, hanging apparatus, or pots dangling from a rack. The claim originates from the ubiquity of modern chic.

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While it’s great to be up to date with the most recent patterns, it’s likewise astute to put what’s freshest in context for your customers. Advise them that a definitive choice to upgrade ought to depend on their needs and spending plans, not stargazers’ enticing forecasts.

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DESIGN

Curb Appeal

Ideas for Fall

A

house’s front entry is what makes the house appealing. It’s like making a first good impression. There is a lot that can be done to make the curb visually appealing. Looking at the doors, railings and the porch do not have to be an eye sore. All that is required is creativity. Apart from painting, keeping the gutters clean, landscaping and pulling out weed, below are some ideas that you can incorporate in your curb makeover. Also, since we are focusing on the fall season, the color tones should be simple and soothing. With the soon approaching Halloween and Thanksgiving, many of you will be lured into Halloween decorations and pumpkins, but try to limit the holiday décor on your curb and give it a real look.

Fall Flowerbed

Create a flower bed beside the trees in your front yard. As the summer flowers start to fade, plant the fall flowers of soothing colors.

They might not be as bright and shiny as their summer counterparts, but flowers are beautiful no matter what the color. Fall flowers such as – Aster, Goldenrod, Sedum, red spider Lily etc. should be added to the curb flower bed

modern and inviting. A moldings act like eyeliner for architectural frames. So, make sure you add some to your front door and make it look framed. Also, add a wreath of some fall foliage along with some of your favorite flowers to make it even more appealing. You can also top it up with a stylish door knocker.

Add Window Boxes

A window box replete with colorful flowers and shrubs can turn any boring window into one of the most beautiful visual treat of your house.

They also make the windows appear bigger.

A little paint and some quality moldings can There are a variety of boxes to choose from like make a huge difference to the curb appeal. copper, iron or wood. You can paint them as A brightly colored door stands out and looks

Front Door Makeover

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DESIGN

you like depending on the color scheme in your mind. Play around with flowers and plants. A simple rule to make window boxes beautiful is to add a thriller, filler and a spiller. Thriller should be something tall and something bold, filler is to add fullness to the box, so colored small flowers like caladium is good and a spiller is the one that would trail on the sides of the box like petunias maybe.

Outdoor Lighting Outdoor lighting is a great way to add some unique shadows and lightings to the front curb of your house. You can add lighting fixtures to the trees or the house or just line them up so that they illuminate the walkway. You can play around with the covers of these lighting by switching plain with stained glass, so as to have a colorful lighting. Also, there are a lot of solar fixtures available for places with no wiring.

Mailbox Makeover The mailbox is often the most externally located fixture in your front curb and given its small size, it is easy to ignore it. But a little creativity on the mailbox will get you a lot of good praises. You can paint it up or add some holiday decorations on it.

Create a Walkway It does not have to be elaborate, just a few pieces of tile or slate creating a small pathway up your home gives your house a medieval appeal and looks straight out of a European house. This way you will not have to walk on grass if you don’t want to. This will make a huge difference in the look and feel of your house.

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DESIGN

Build an Arch or a Pergola as an Entryway to the House

There is nothing better than adding an arch or a pergola to your house. It does not have to be on the front curb but it would make for a grand entrance at the front. Spice it up even more by adding a dash of greenery or flowers with climbing vines.

Upgrade the Railings The porch and patio railings can deteriorate quickly if proper care has not been taken. Just polish them up or replace them with something new. Here as well, you can add up climbing vines to make them even more beautiful.

Manicured Lawn

Maintain your garden, pull out weed regularly, trim the hedge and never let your plants and flowers welt. Also, since it is the fall season, make sure you sweep all the dried up fallen foliage from the grounds. Though it is the season of fall, but the house should not look like it is not being take care of.

Care for the Planters

Plants require time and care and plants and flowers are kind of a requirement to make the curb look visually attractive to outsiders and yourself alike. Add some hanging planters onto the porch roof. Also, if you have a small porch, stick with a vertical planter.

Another small thing you can do to make your curb appealing is upgrading the house number font. Go Roman or traditional or extremely modern in choosing a new font for the house number. Also, add some wood chairs or a porch swing to sit and take it all in at the end of the day. TPIN

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TECHNOLOGY

What is

Avenue?

A

venue, a venture of ReadyChat Inc., is a real-time app that connects real estate brokers with consumers 24/7 for free advice. It a Toronto-based firm where you get professional advice from the local real estate experts. With just a few clicks, you can get expert knowledge and advice from real estate professionals. You can also search for properties in real time from a licensed realtor. It is like having your own concierge for real estate. You can type in your questions and the Avenue team will set you up with the best realtor suited to your needs in your local area. Avenue takes care in selecting its team of realtors. It chooses the best from the lot.

Avenue selected realtors in all the cities and thus where ever you are, you will get local experts to provide you with all the knowledge you need. Avenue also makes sure to select the most qualified realtors, and also one’s with most experience in the real estate industry.

Avenue knows that real estate decisions are made by a group of people together, be it family or friends. Avenue did an amazing job in setting up its app portal in a way that groups can search for properties together on the site and can have a conversation with the assigned realtor in a group chat. Avenue offers great service not just to the buyers but also sellers.

Avenue connects of hundreds of buyers with the sellers and provides leads to the sellers instantly i.e. in real time. It is a great service

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for realtors as well, as the realtors can register themselves as a concierge by providing their details and once verified, the realtors can answer any questions that people ask on the portal and reap in all the sales leads.

Avenue is expanding at a rapid pace. It is reaching out to new cities every week. As of today, Avenue is present in more than 5 cities in the USA. But Avenue has no fixed path of expanding. They simply ask the realtors to register at Avenue and Avenue can start in that city within no time. So the expansion strategy is more dependent on the realtors than on sellers.

Just a couple days back, Avenue won a $25,000 prize at Realogy startup pitch competition FWD, held in San Francisco. It won against 14 other startups. The other two companies selected as finalists were Solo and Tactile Finance. Free advice from the local real estate experts is a great idea especially as of today given the low inflation and high employment rates. Avenue won the competition for presenting the most innovative technology service for the real estate industry. Avenue’s CEO, Justin Shum, was more than excited to just be a part of the Realogy pitch competition, as he held that he got to meet so many talented and innovative people, all working around real estate. Realogy FWD is an innovation summit held annually, wherein a selected group of

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TECHNOLOGY

companies with innovative ideas meet with the Realogy team and realtors to plan the future of the real estate industry.

Justin Shum’s other venture ReadyChat is also a real estate service and is quite similar to Avenue in a way. ReadyChat was named the leading provider of live chat services for the real estate industry. It offers lead generation and lead transfer solutions. The company transfers the qualified leads to the agency’s assigned sales representative.

ReadyChat was named as the most preferred real estate chat service provider by Leading Real Estate Companies of the World. Justin Shum held that a majority of the homebuyers will select and go ahead in dealing with the first broker who contacts them. ReadyChat and Avenue both make sure that the brokers are genuine and experts in dealing and that a relationship is formed between the brokers and the customers, so that there is trust and

the customers do not feel the need to go and search for another broker. Avenue seems to provide an easy way to get a hold of the leads from the app and this makes the broker’s investment worthwhile. Avenue provides benefits to both – the consumer and the broker in the way that consumer experiences a highly responsive approach and the broker receives quality leads. Thus, Avenue is able to satisfy both the audiences in one go.

There is no data to show what the future of Avenue would be like. But given Realogy’s belief in the idea and its user friendliness and genuineness might make it a success in the real estate market. But as of now, it is too soon to tell, given that it is operating in less than a dozen cities as of now. Although, a creative idea, everyone will just have to wait and watch the wonders of Avenue. TPIN

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TECHNOLOGY

What is

Periscope

One of the most basic elements of Periscope is to ensure that a real estate agent’s success is the relationship he or she has with clients and the quality of the connection he or she develops with them. Social media tools such as Periscope can help achieve this, by allowing you and your client to communicate via live streaming videos.

It was not very long ago that Periscope was launched, after being bought by Twitter, and already, it has received much fanfare – to the extent that it is being touted as the next big thing, hailed to attain the same magnitude that Twitter has, or perhaps even more.

Much in the fashion of other social media tools, Periscope allows you, the user, to connect with people across the globe with a live video feed, irrespective of your location, or whether or not you happen to have access to Wi-Fi.

august / september 2015

Real estate agents all over the world are facing the risk of being overshadowed, and consequently overpowered by factors such as the reputation of the real estate industry due to marginal agents. It will not be a gross exaggeration; therefore, to say that the market for real estate agents is dropping, and their impact not only undermined, but also undervalued.

A situation like this calls for action to be taken, and fast.

This is where apps such as Periscope come in handy.

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One of the aspects of real estate agents that people tend to be skeptical about is authenticity.

With the real estate crash in 2008, many clients are becoming skeptical and analyzing the resume of their realtor closely.

This is understandable, as the client wants to find the perfect real estate agent for him or her. Periscope is vital here.

Clients can be thoroughly convinced of your authenticity and competence as a real estate agent by choosing to collaborate with you. This authenticity is shown through experience, and Periscope helps capture your experiences through images and other multimedia. That moment when the homebuyer is told that their offer has been accepted could be implemented into

TECHNOLOGY

the real estate agent’s profile through a video of the new homeowner’s children running around the new house, laughing and playing.

Moments like these, when captured and broadcasted, add a personal touch to your business, which will bode well for you as an estate agent and your career. It also makes you look more accessible to your clients, which is the goal. You want clients to feel that they are in good hands with you as their realtor. Clients will be drawn to you when you use Periscope. In this digital age, the more information your client can find of you, the better.

Trusting people over the internet can be a frightening leap for many, and having the personal touches of images or videos on Periscope will make your clients more comfortable hiring you. One video of you simply introducing yourself could mean the difference between having fifty clients and one hundred clients.

Through live-streaming more videos, you will attract a new range of followers and clients. Many will either be a future client or someone who will possibly recommend you to a new client. As you are bringing in new followers, be sure to remember that anything you broadcast will be received with the greatest

interest by people who follow you, and this is why you need to be careful that the image you portray is approachable, professional, and above all, competent. You want to get clients out of this medium, not scare them away. So keep your pictures of your work to present professionalism.

One of the other remarkable features of Periscope is that it constantly refreshes content, pushing back old content and promoting the new. This means that you, as an agent, can connect more with your followers, sharing videos that are timely and recent. There seems to be a widespread and incorrect notion that real estate agents are not as timely as opposed to other options in buying and selling.

Periscope will come in handy in revealing that myth to your followers. A client needs to know that your presence is something they can count on.

Through real-time updates on Periscope, they will be assured of that as well as through your communication through the app.

that more people tuned into access the live stream than the actual number of people that would leave their homes and go see the property.

Periscope, therefore, allows for a more convenient and highly accessible way for prospective clients to check out the house.

This is also great for sellers in that their home is shown to a variety of buyers that could make them an offer. Holding house viewings via Periscope also means that clients can interact with you, the realtor, more freely, asking questions and details they might be otherwise uncomfortable asking you in person. Overall, Periscope makes a more comfortable experience for your clients.

Periscope takes a renewed step in the direction of connecting people across the world and across a variety of interests, and as a real estate agent, that is something you need to take advantage of to keep up with this digital age. Clients go online to find their realtors, so develop your Periscope profile before you are left in the dust.

TPIN

Communicating through the app jumps to another level with house tours. Giving house tours can also be easily and efficiently managed through Periscope. Real estate agents who have used Periscope for house viewings have reported

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