Gunning Daily News

Word of the Day

March 25, 2011 8:13 am

Quit-claim deed. A conveyance by which the grantor transfers whatever interest he or she has in the real estate without warranties or obligations.

Copyright 2011 RISMedia, The Leader in Real Estate Information Systems and Real Estate News. All Rights Reserved. This material may not be republished without permission from RISMedia.

Q: Will I be able to buy again after losing a home to foreclosure?

March 25, 2011 8:13 am

A: It can happen. But a lot will depend on your circumstances and the mortgage interest rate you are willing to pay. Generally, most lenders will consider your request for a home loan two to four years after your foreclosure. Predatory lenders will issue a home mortgage in less time. But beware they routinely charge high mortgage interest rates, fees, and penalties for this privilege.

A quality lender will expect you to show that you have cleaned up your credit. Providing a reasonable explanation about the circumstances that led to the foreclosure such as exuberant medical expenses is also helpful.

Copyright 2011 RISMedia, The Leader in Real Estate Information Systems and Real Estate News. All Rights Reserved. This material may not be republished without permission from RISMedia.

Six Secrets to a Great Resume

March 25, 2011 8:13 am

By Barbara Pronin, RISMedia Columnist

RISMEDIA, March 25, 2011-In today's economy, when job-hunting puts you in stiff competition, getting your resume to the right people can be a daunting task. But, say most hiring executives, the real secret to getting hired may be in convincing the hirer that your qualifications come closest to the match their company is looking for.

Resume writer Jen Feibel suggests the following secrets to getting your resume noticed:

Understand the job and the company. Do enough research to understand as much as you can about the work and culture of the company you are applying to, and as much as possible about the specific job that is being offered.

Tailor your resume. The goal is to show how closely your background matches what the company is looking for. Don't fudge, but do point out your most relevant experience or training.

Begin with a summary. Work hard on a concise but information-packed summary describing your unique qualifications and/or training as they relate to what the company is seeking.

Emphasize results and accomplishments. Instead of listing, 'sales manager for X department store,' write 'Sales Manager of the Month for three quarters at X department store,' or 'one of 10 finalists in National Student Marketing competition.'

Use headings and boldface sparingly and to your advantage. There is no right or wrong way to do it, so again, call attention to the parts of your resume that most closely match what the company is looking for.

Keep it to one page. Most employers expect a one-page resume, especially from younger workers or recent graduates. Even more experienced workers should make the attempt to keep their resumes brief but relevant.

Copyright 2011 RISMedia, The Leader in Real Estate Information Systems and Real Estate News. All Rights Reserved. This material may not be republished without permission from RISMedia.

Residential Remodeling Activity Rose 18 Percent Year-Over-Year in December 2010, According to BuildFax Remodeling Index

March 25, 2011 8:13 am

RISMEDIA, March 25, 2011-With the economy continuing to exhibit a slow recovery and mortgage rates inching up from historical lows, many Americans have chosen to remodel their current homes rather than purchase a new house or apartment. BuildFax, a leading provider of building permit data recently released the latest findings of its monthly BuildFax Remodeling Index (BFRI), in addition to a comprehensive review of remodeling activity throughout last year. The findings indicate that in December 2010, residential remodeling activity rose 18% year-over-year and for the fourteenth straight month.

The BFRI is one of the only sources directly reporting residential remodeling activity across the nation. The monthly information, derived through related building permit activity filed with local building departments across the country, reports trends in remodeling activity for the entire United States, as well as for the four major regions of the country: Northeast, South, Midwest and West.

The latest report details remodeling activity through December 2010 and provides month-over-month and year-over-year comparisons for the entire nation and the four regions included in the index. In addition, with the inclusion of the December data, BuildFax has released its 2010 remodeling Year in Review. According to the BFRI 2010 Year in Review, in most of the country, remodeling in 2010 resembled what 2008 might have looked like had the housing market not collapsed. In the Northeast, however, 2010 was the worst year in the history of the BuildFax Remodeling Index.

"Throughout the country-even in the lagging Northeast-the last quarter of 2010 shows promise for increased remodeling activity in 2011," said Joe Emison, vice president of research and development at BuildFax. "The winter is always the trough of the seasonal remodeling cycle, and December 2010 was better than or equal to December 2009 in every region of the country."

On a regional basis, the West and South both saw better-than-average remodeling activity in December, with the South posting a four-year high, and the West posting an index high. The Midwest suffered its usual significant November-to-December decline, and the Northeast continues to lag all other regions while still showing signs of recovery. The BuildFax Remodeling Index for the Northeast was down 4.1 points (5%) month-over-month but up 1.3 points (2%) year-over-year; the South was down 0.6 points (less than 1%) month-over-month but up 9.1 points (12%) year-over-year; the Midwest was down 11.8 points (11%) month-over-month and down 0.1 points (less than 1%) year-over-year; and the West was up 2.9 points (3%) month-over-month and up 11.3 points (12%) year-over-year.

For more information, visit

Copyright 2011 RISMedia, The Leader in Real Estate Information Systems and Real Estate News. All Rights Reserved. This material may not be republished without permission from RISMedia. National Survey Reveals Renter Moving Plans for 2011

March 25, 2011 8:13 am

RISMEDIA, March 25, 2011-For the first time in years, the apartment rental market is beginning to experience signs of recovery as the U.S. economy slowly begins to strengthen. Reuters reported the rental vacancy rate fell to 9.4% in the fourth quarter of 2010 from 10.3% in the July-September period-the lowest since the second quarter of 2007. Witten Advisors predicts rents will increase 4.5% in 2011 as operators become aggressive in raising rents with little fear of losing customers to other housing options. In response to this news, conducted a national survey of more than 1,800 of its January website visitors to find out about their 2011 moving plans, including reasons they are moving, when they plan to move and which tools they value most during their apartment search.

Socioeconomic factors are often the leading indicator of growth in the housing industry. survey results revealed nearly three times the number of respondents-or 28.8%-are looking to move to relocate for employment opportunities in January 2011 compared to 10.4% from the previous year, further corroborating news of an improving rental market in 2011. Other key findings from the survey demonstrated many renters are starting their apartment search earlier in the year, a large volume of current homeowners and first-time renters are entering the market and having access to accurate apartment information is paramount when looking for a new place to live.

The primary factor fueling moves for survey respondents are new job opportunities. However, the desire to have more space, affordability and living in a safe neighborhood also topped the list. The five most popular reasons survey respondents are moving in 2011 include:

-Relocating for employment opportunities: 28.8%

-Looking for a bigger apartment: 13.3%

-Shopping for a less expensive apartment: 9.7%

-Rent increase: 6.7%

-Wanting to live in a safer neighborhood: 5.7%

A significant number of respondents indicated they are apartment shopping now for a move that will not take place until much later in the year. According to the survey, nearly 20% of respondents are starting their apartment search three to four months in advance and nearly a quarter are looking as early as five months to more than a year out.

"It's a good idea to lock into a lease right now," states Chris Brown, vice president of product management, "Many management companies have announced rent increases and we're starting to see this reflected in the rents advertised on our site.

As vacancy rates continue to drop and the rental market improves, we expect to see the upward trend grow. Deals can still be had, but they're getting harder to find. Use the tools available online to search for apartments by rent ranges that work with your budget."

Supporting a growing trend in the industry, more than 20% of respondents looking for an apartment this year said they are current homeowners. From these survey respondents who said they are current homeowners, 32% are also first-time renters, indicating a significant number of current homeowners and new renters are turning toward the rental market in 2011.

Survey respondents who are former homeowners also said they are renting this year because it affords them a lifestyle they prefer, including flexibility to relocate for employment opportunities and to live where they choose. visitors want access to accurate apartment information and the option to tailor their searches by price and location when looking for a new place. According to the survey, 64% of respondents said being able to check real time availability of a specific apartment matters most and 72.2% said the two most popular ways they prefer to search for an apartment is by the "cost of rent" or "location."

It is also clear that renters are tapping multiple resources to find their next apartment. While 81% of visitors surveyed said they are using an Internet Listing Service (ILS) during their apartment search, they are also utilizing popular search engines, listening to recommendations from others and reading their local newspapers. Only 5% said they are using social media websites during their search. Renters ranked their top apartment shopping tools as follows:

-Internet Listing Service (e.g., and 80.9%

-Online apartment classified listing websites (e.g. Craigslist and Oodle): 46.2%

-Search engines: 38.4%

-Word of mouth: 31.1%

-Local newspaper: 27.1%

Renters also want instant access to information on-the-go. According to the survey, 80% of respondents indicated they use a mobile device during their apartment search. Nearly half of these respondents said they use a smartphone or device including iPhone, iPad, Android or BlackBerry during their apartment hunt. answers the needs of on-the-go renters by offering a mobile version of the website and an app for iPhone and iTouch users.

For more information, visit

Copyright 2011 RISMedia, The Leader in Real Estate Information Systems and Real Estate News. All Rights Reserved. This material may not be republished without permission from RISMedia.

Housing Affordability Rises to Highest Level in Two Decades

March 25, 2011 8:13 am

RISMEDIA, March 25, 2011-Nationwide housing affordability during the fourth quarter of 2010 rose to its highest level in the 20 years since it has been measured, according to National Association of Home Builders/Wells Fargo Housing Opportunity Index (HOI) data. The HOI indicated that 73.9% of all new and existing homes sold in the fourth quarter of 2010 were affordable to families earning the national median income of $64,400. The record-setting index for the fourth quarter surpassed the previous high of 72.5% set during the first quarter of 2009 and marked the eighth consecutive quarter that the index has been above 70%. Until 2009, the HOI rarely topped 65% and never reached 70%.

"Today's report shows that housing affordability at the end of 2010 was at its highest level since we started computing the HOI," said Bob Nielsen, chairman of the National Association of Home Builders (NAHB) and a home builder from Reno, Nev. "However, while this is good news for consumers, both home buyers and builders continue to confront extremely tight credit conditions, and this remains a significant obstacle to many potential home sales."

Indianapolis-Carmel, Ind., was the most affordable major housing market in the country for the second consecutive quarter, after relinquishing for a quarter the top spot it has held for five years. In Indianapolis, 93.5% of all homes sold were affordable to households earning the area's median family income of $68,700.

Also ranking near the top of the most affordable major metro housing markets were Youngstown-Warren-Boardman, Ohio-Pa.; Syracuse, N.Y; Warren-Troy-Farmington Hills, Mich.; and Detroit-Livonia-Dearborn, Mich.

Among smaller housing markets, the most affordable was Elkhart-Goshen, Ind., where 97.0% of homes sold during the fourth quarter of 2010 were affordable to families earning a median income of $58,600. Other smaller housing markets near the top of the index included Lansing-East Lansing, Mich.; Kokomo, Ind.; Mansfield, Ohio; and Bay City, Mich.

New York-White Plains-Wayne, N.Y.-N.J., again led the nation as the least affordable major housing market during the fourth quarter of 2010. In New York, more than a fourth-25.5%-of all homes sold during the quarter were affordable to those earning the area's median income of $65,600. This was the 11th consecutive quarter that the New York metropolitan division has held this position.

The other major metro areas near the bottom of the affordability index included San Francisco-San Mateo-Redwood City, Calif.; Honolulu; Los Angeles-Long Beach-Glendale, Calif.; and Santa Ana-Anaheim-Irvine, Calif., respectively.

Santa Cruz-Watsonville, Calif. was the least affordable of the smaller metro housing markets in the country during the fourth quarter. In Santa Cruz, 45.0% of the homes were affordable to families earning the median income of $84,200. Other small metro areas ranking near the bottom included Ocean City, N.J; San Luis Obispo-Paso Robles, Calif.; Laredo, Texas; and Santa Barbara-Santa Maria-Goleta, Calif.

For more information, visit

Copyright 2011 RISMedia, The Leader in Real Estate Information Systems and Real Estate News. All Rights Reserved. This material may not be republished without permission from RISMedia.

Spice Up Your Weekends with Game Night

March 24, 2011 11:13 am

RISMEDIA, March 24, 2011-Day-to-day schedules can get tedious. Bouncing between work, home and family obligations, it's often hard to muster the energy and enthusiasm for making time for yourself. But weekends are two-day opportunities that should be used to recharge and indulge in some much-needed fun and relaxation.

By the time Friday and Saturday nights roll around, you might not feel like doing much of anything, so instead of feeling the pressure to go out, try staying in and creating your own memorable festivities.

Cynthia Nims, editor and author of 12 cookbooks, including Gourmet Game Night, focuses on the importance of unplugging and reconnecting with friends and families over entertainment at home. "Games are perfect for a night in with a group of friends. They are a fun reminder not to be too serious," says Nims. "The lighthearted atmosphere makes it possible for both guests and hosts to relax and enjoy the genuine fun of sharing laughs over a favorite game or two."

Nims recommends choosing your game night games thoughtfully to ensure that it will be fun for everyone. An updated classic like Trivial Pursuit: Bet You Know It is more about knowing your friends than knowing the answers to obscure trivia. A game like this keeps everyone engaged and doesn't put anyone on the spot. Players bet on whether or not their friends will get their questions right or wrong, and for each correct bet a player earns chips that can then be used throughout the game to buy wedge pieces for those categories they don't feel like attempting.

For a game night, Nims suggests easy nibbles that are upscale enough for a dinner party, but easily edible and mess-free enough for a game night.

For the host who doesn't want to spend time in the kitchen, order some no-fuss takeout and suggest each guest bring a dessert. Guests will have the pleasure of trying small bites of several different desserts, while also showing off their own favorite specialty.

Whether you're looking for a laugh-out-loud night of fun around the coffee table, or a rambunctious, out-of-your seat game, gathering together good friends and food is the perfect recipe for spicing up your weekend with a stress-free game night in.

For more information, visit

Copyright 2011 RISMedia, The Leader in Real Estate Information Systems and Real Estate News. All Rights Reserved. This material may not be republished without permission from RISMedia.

4 Home-Staging Trends to Help you Compete

March 24, 2011 11:13 am

RISMEDIA, March 24, 2011-Staging a home before listing it on the market is a crucial step that many homeowners often overlook. The International Association of Home Staging Professionals (IAHSPR) offers five home-staging tips to help homeowners compete in today's market:

1. Home staging is not just for houses for sale. Traditional home staging involves working with sellers to prepare houses for sale; but today's successful Accredited Staging Professionals have a multi-faceted business that allows them to serve clients with staging to live, staging to work and for a myriad of events-from small parties to large, corporate parties.

2. Home staging helps foreclosure, REO and short sale properties sell. With the increase of foreclosure, REO and short sale properties in many markets throughout the U.S., the need for presentation of these properties as a product that can sell is imperative.

3. Home staging becomes greener. As of late, IAHSPR has seen a trend toward eco-friendly home staging. Home stagers have specific inventory they can provide that is "green" to help a seller, builder or investor that wants to put their "green" foot forward and achieve their goal of marketing a product that truly has the environment at heart.

4. Home staging captivates mainstream media. There are currently no less than eight shows on HGTV devoted to the process of preparing a house for sale, and this trend will continue as long as the public finds value in learning what to do both inside and outside their home when getting ready to put it on the market.

Copyright 2011 RISMedia, The Leader in Real Estate Information Systems and Real Estate News. All Rights Reserved. This material may not be republished without permission from RISMedia.

Growing Great Tomatoes in Small Spaces - Container Gardening May Be the Key

March 24, 2011 11:13 am

By Barbara Pronin, RISMedia Columnist

RISMEDIA, March 24, 2011-Some people grow their own tomatoes to save money. Most grow them because few store-bought varieties can match the flavor or juiciness of juicy home-grown tomatoes-and the good news, say most home gardeners, is that you don't need lots of space to be successful.

"You can grow great tomatoes in any small space-even on a porch or patio-if you choose the right kind of plants and containers," said Mervin Dean of Armstrong Nurseries. "But the area should be sunny. Tomatoes like at least six hours of sun a day."

Dean offers the following tips for successful container-grown tomatoes:

Choose the right container. Even small varieties like cherry tomatoes need lots of space for maximum production. Opt for 5-gallon plastic pots, preferably light in color, and drill drainage holes in the bottom if none are provided.

Select the right tomato variety. Your local garden shop can tell you which varieties do best in your climate.

Use enriched soil. Fill the planter with specially marked container garden soil enriched with synthetic or peat-based mixes and moisture-retaining material. Mix in a slow-release organic fertilizer.

Plant carefully. When the chance of frost is gone, plant one tomato plant in each pot. Plant it deeply, right up to the lower leaves.

Water is critical. Be sure to keep the soil moist at all times. Water from a hose right into the container, but don't water the foliage as this can increase the chance of mold. Don't overwater once the plant has fruited. Overwatered tomatoes can taste watery.

Stake them up. Most varieties will need staking once they reach a one-foot height. Insert the stake in the pot and tie the plant to it with twist ties. Periodically, as the plant grows, pinch off the yellowed bottom leaves.

Harvest when ripe. You won't need to be told when the fruit is ready. It will be bright orange-red and fragrant. Enjoy!

Copyright 2011 RISMedia, The Leader in Real Estate Information Systems and Real Estate News. All Rights Reserved. This material may not be republished without permission from RISMedia.

Word of the Day

March 24, 2011 10:43 am

Qualification. Act of determining a potential buyer's needs, abilities, and urgency to buy and matching these with available properties.

Copyright 2011 RISMedia, The Leader in Real Estate Information Systems and Real Estate News. All Rights Reserved. This material may not be republished without permission from RISMedia.