Spending on Web Ads to drop in 2010

A new report from Borrell Associates estimates that real estate agents, brokers, developers, and management firms will fork out $7.2 billion in online advertising this year. The number represents a 4 percent decline from last year-significant considering that Internet advertising by the sector slipped just 1 percent from 2008 to 2009 despite the housing market slump. While Web advertising will drop, the amount of money devoted to real estate interests on overall advertising will actually rise about 2 percent. That suggests, according to Borrell President Colby Atwood, that property-industry advertisers will focus on other avenues. "Advertisers across the board are beginning to flatten out the amount of money that they put into advertising per se, and they are increasing their investment in promotions," he explains. "Once companies learn about how to contact an individual, if they're savvy-and many of them are becoming this way-they remarket directly to that individual using e-mails and other directed forms of promotions."Source: ClickZ News, Douglas Quenqua (01/14/09)

Motivational Quote

A winner says there ought to be a better way; a loser says that's the way it has always been. Real Estate Re-invented at ExitRealtyXL.com or contact Jerry Grosenick at 262.255.5588 in Wisconsin.

Motivational Quote

It's hard to pass, while you follow in your competitor's footsteps.

Cities with the fastest-falling home prices

For many cities, home prices are still falling, according to Forbes.com. For its list of cities with the fastest-falling home prices, Forbes used Altos Research's January market update, which looks at asking prices, inventory and days on the market single-family homes--but not condominiums--in 27 of the country's closely watched real estate markets.
It uses homes for sale in each city's Metropolitan Statistical Area--a census-defined area that the federal government uses to collect statistics--for its data.

Here they are:

1. San Diego-Carlsbad-San Marcos, Calif.
2. Salt Lake City, Ut.
3. Charlotte-Gastonia-Concord, N.C.-S.C.
4. Denver-Aurora, Co.
5. Portland-Vancouver-Beaverton, Or.-Wa.
6. Atlanta-Sandy Springs-Marietta, Ga.
7. San Jose-Sunnyvale-Santa Clara, Calif.
8. San Francisco-Oakland-Fremont, Calif.
9. Austin-Round Rock, Texas
10. Seattle-Tacoma-Bellevue, Wash.

Miami is the only city of the 27 markets Altos tracks that saw asking prices rise over the last three months. Prices there were up 2% from October to a median price of $494,992. The reasons for this are mixed: While the numbers are somewhat promising, Miami's good fortune is also a reflection of just how long it took for the hard-hit Florida housing market to regain its footing. And even with the recent upturn, it's the city where homes sit on the market for the longest by far. Homes here stay for sale for a median of eight months. Not to mention Altos' analysis only reflects single-family homes--not condominiums, a section of the Miami's real estate market that has yet to stabilize. Source: Forbes.com

I believe the end is in site for Wisconsin, but over the next 12 months we will see home prices continue to drop here. There should be a turn around in 2011. - Jerry Grosenick with Exit Realty XL in Germantown, Wisconsin.

Stop Your Foreclosure Right Now!

I meet many persons in Washington County in Wisconsin, Ozaukee County in Wisconsin and Milwaukee County in Milwaukee who are facing the possibility of losing their home and destroying their credit as well for up to 8 years. Most of the public is unaware of something called a short sale in real estate. It is a sale of your home for which you no longer can afford for less than what you owe to the bank. I am a short sale specialist who works directly between you and your mortgage holder. I do not recieve anything upfront. I only earn a commission IF I sell your house "short" for the mortgage holder. It cost you nothing! The best part is that the bank pays me. Give me a call today to get the details and save the total destruction of your credit. Call Jerry Grosenick Right Now at 262.573.9334 or jerry@exitrealtyxl.com

Change Your Mindset

Today is a new day: Change your mindset! Start doing different things with the circumstances and you will get a different result. Change of Mindset: 1) Stop wishing it was easier; Start getting better 2) Stop wishing for less problems, Start developing and learning more skills 3) Stop wishing it wasn't so expensive; Start earning more. Deal in realty and take responsibility. Jerry Grosenick of Exit Realty in Germantown, Wisconsin states that in Real Estate you can't Stop what is going on in our economy, but you can Start to change your attitude towards it. Make it a great day today.

It is a Great Time to Move!

Well, if you can afford the move, now is the time. Interest are at a historical low, the selection of homes is large and the US government is giving the 1st time home buyer an $8,000 credit. Oh, did I mention if you currently own a home and have lived in it for 5 years, you also may qualify for a $6,500 credit? WOW!! IF you sold your home to a first time buyer and turned around and bought your dream home, the government is contributing approximately $14,500 towards making it all possible. Jerry Grosenick of Exit Realty XL in Germantown, Wisconsin is recommending that anyone who can afford to move now, to make the move. None of these conditions: interest rates, large home selection and government credit will last much longer. Don't lose out, call Jerry Grosenick at Exit Realty XL Right Now at 262.573.9334 or jerry@exitrealtyxl.com.