Wednesday, June 25, 2008
In these crazy days, it is critical to start asking the tough questions before you are left with someone else's problem after they go bankrupt!
| Posted by Jim Paulson at 3:31 PM |
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Saturday, June 07, 2008
As requested, I did some research on new construction vs. resale. It really isn't possible to look back to see exactly how many houses were listed as "Active" this time last year to compare to this year, so I usually base it on sold numbers. I looked at the new construction numbers and as suspected, found the largest price reduction was in the new homes.
As many people here realize, lot prices have dropped about as quick as they jumped, so the replacement cost of a new home has dropped accordingly. That coupled with the fact the new homes are sitting, costing the builders money each month with no functional utility, they are the first to get discounted when times turn slow.
The ratio of new home sales hasn't really changed much as both 2007 and 2008 ran just over 25% new home sales. Of the active listings, just over 19% of them are new homes.
In May 2007, the median sold price of a resale home in Ada County was $215,000 compared to $285,50...
| Posted by Jim Paulson at 6:36 PM |
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Friday, June 06, 2008
Would you believe you might actually be better off if you sold your home this year and bought a new one instead of doing it last year when you could have gotten more for your home?
| Posted by Jim Paulson at 7:34 AM |
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Thursday, June 05, 2008
It appears the Ada County Association of Realtors will be the first Realtor Association in the nation to lauch a major advertising campaign to utilitze the new Digital Billboards!
| Posted by Jim Paulson at 10:44 PM |
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Tuesday, June 03, 2008
As a Realtor, for 16 years, I am used to people thinking the average Realtor is a millionaire, since they are in the "Million Dollar Club". As Paul Harvey would say . . . "And now, the rest of the story."
| Posted by Jim Paulson at 5:58 PM |
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Thursday, May 01, 2008
Progressive Realty Corporation is finally approved by all entities and open for business to serve your real estate needs.
| Posted by Jim Paulson at 4:59 PM |
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Saturday, February 02, 2008
As we get ready to gear up for the spring real estate market, it is time for builders and developers to be aware of different marketing plans to see who they really are geared to.
| Posted by Jim Paulson at 12:49 PM |
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Sunday, January 20, 2008
I have closed homes with over 50 separate builders in the Treasure Valley, so I have learned a few things on how to get them to finish what they started.
| Posted by Jim Paulson at 9:32 AM |
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Monday, January 14, 2008
With the mortgage meltdown, it appears even this industry icon couldn't withstand the heat.
| Posted by Jim Paulson at 12:08 PM |
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Monday, December 17, 2007
The Ada County Association of Realtors has over 4,000 members. Jim Paulson was elected to serve as 2008 Vice President.
| Posted by Jim Paulson at 11:59 PM |
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Sunday, December 09, 2007
With property taxes being due no later than December 20th, it is time for an update on what has changed. People are always complaining of higher taxes; however there has been very little press about the changing in the tax calculations in Ada County.
For homeowner's actually living in their home in 2007, the homeowner's exemption allows for a 50% exemption of the improvements (house not lot) up to a maximum of $89,325. For example, if you live in a $300,000 home with a lot valued at $75,000, your taxable value would only be $225,000. Investors get to pay taxes on the full $300,000.
For 2008, the news for homeowner's is even better. The Ada County Assessor has increased the exemption up to a maximum deduction of $100,928. Therefore, in 2008, the same home with a homeowner's exemption will only have a taxable value of $199,072!
Being a skeptic, I figured they were increasing the tax levy codes to offset this new deduction, bu...
| Posted by Jim Paulson at 10:31 AM |
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Monday, December 03, 2007
It is past time to start your 2008 business plans! Don't just talk about the market, react to it!
| Posted by Jim Paulson at 3:16 PM |
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Wednesday, November 28, 2007
Turn your TV's to KIVI on Channel 6 @ 7:50 AM November 29th for his perspective on the Boise area real estate market!
| Posted by Jim Paulson at 5:41 PM |
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Sunday, November 18, 2007
Statistical proof that your vote does make a difference!
| Posted by Jim Paulson at 10:20 AM |
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Wednesday, October 03, 2007
The day's of counting on the sign in the front yard is gone! 87% of today's home buyers are logging onto the internet as their first point of contact to look for a home.
| Posted by Jim Paulson at 8:05 AM |
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Friday, August 24, 2007
Analysts were anticipating a drop in sales; however, sales and prices both increased.
| Posted by Jim Paulson at 9:46 AM |
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Saturday, August 18, 2007
As the market continues to change and correct, what impact does this have on local Realtors?
| Posted by Jim Paulson at 9:39 AM |
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Tuesday, August 07, 2007
Selling a home based on target marketing of the end loans will help you generate more sales in this changing real estate market. Make sure the Realtor you hire understands the available finance options to help capture that elusive buyer!
| Posted by Jim Paulson at 7:07 PM |
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Friday, August 03, 2007
Jim Paulson looks at the impact of price corrections from the developer, builder and consumer levels.
| Posted by Jim Paulson at 2:07 PM |
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Monday, July 23, 2007
The benefit of knowing how to use todays techology really helps me do my job from just about anywhere.
| Posted by Jim Paulson at 12:44 PM |
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Friday, July 13, 2007
In todays technology based world, most commodities could be bought online cheaper than in a brick and mortar store. Knowing this, should I feel like my life as a Realtor will be similar to how my stock broker felt when Charles Schwab came into the picture; or my travel agent felt when Priceline and Expedia were introduced?
| Posted by Jim Paulson at 9:28 PM |
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Friday, June 29, 2007
Long term mortgage rates are down for the second week in a row and price appreciation in both resale and new homes compared to 2006.
| Posted by Jim Paulson at 2:56 PM |
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Monday, June 04, 2007
Some times you have to peel back a few layers to see if things are really rotten to the core or not!
| Posted by Jim Paulson at 8:33 PM |
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Thursday, May 03, 2007
I have received several requests lately for details on $1 million plus homes in Ada County so I decided to do a bit of research to see what the statistics actually imply.
| Posted by Jim Paulson at 8:56 AM |
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Saturday, April 14, 2007
I will analyize the different approaches to various statistics on market time to help polish the accuracy of your crystal ball.
| Posted by Jim Paulson at 11:51 AM |
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Friday, April 06, 2007
The objective of my blog is to do what the name of this website implies - build credibility!
Anyone with a base understanding of statistics knows that if the researcher wants to bias data, they can be very selective in their sample to prove about anything. My objective is look at the raw data as supplied by the Intermountain MLS and turn it into usable unbiased results.
I am very open minded, so if the readers of this blog want me to address certain aspects in future blogs, I would be glad to if the topic would pertain to this site.
I look forward to continously adding content to this site!
Sincerely,
Jim Paulson, CRS, ePro, GRI
RE/MAX Capital City
| Posted by Jim Paulson at 8:40 AM |
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