The Biggest Real Estate Slowdown will...

The Biggest Real Estate Slowdown will soon be upon us!

Posted in the Real Estate Forum

JIMMY T

Since: May 08

Location hidden

#1 Jun 30, 2011
update:BY BROKER:JIM TURANO WITH 31 YEARS OF REAL ESTATE EXPERIENCE
LOCATION:MIDDLE VILLAGE QUEENS,NY 11379 *SERVICING GLENDALE, RIDEWOOD, MASPETH, HOWARD BEACH, REGO PARK AND FOREST HILLS AREAS.
REDFIN ARTICLE:June 30, 2011 "Home prices stabilize" article. Yes in the areas of Middle Village, Ridgewood, Maspeth, Glendale, Howard Beach, Houses have stabilized. But the real problem every buyer faces today is non other than the
'BANK'. How can the economy improve if banks are denying mortgage loans and now being more strict than ever before. After being in the Real Estate Business for 31 years to date, houses are coming on the market at a faster pace with plenty of foreclosures in the rear. Howard Beach for example has ten Condo's within the same building for sale all at the same time. Brokers discuss with me, how they are entering contracts only to find out their clients are being denied later on. Here is an opinion from an expert in the Real Estate Business from Jim Turano. Redfin can document today as I write this Blog, when the rates start skyrocketing by next spring, you will see not only in Queens, but the entire United States, a complete *4* year slowdown in the Real Estate Industry. Thanks to the Debt we have in America, and for the Banks, they will have to find a new way of doing business other than selling mortgages, because there will be 'no future' mortgage business.
AHEAD OF THE CURVE, AND SELLERS WILL BE IN A PANIC FOR SURE.
THIS IS REALITY, AND A WIDESPREAD CANCER OUT OF CONTROL THAT WILL REALLY GET WORSE! I REMEMBER IN THE EARLY 1980'S WHEN RATES WERE
17% FOR MORTAGES. AND THERE IS NO THESE CURRENT RATES WILL BE AT THE 4.5-5% LEVEL BY NEXT SPRING. THE DEBT IS A MONSTER THAT WE WILL ALL HAVE TO DEAL WITH.
AND THOSE HOMEOWNERS TRYING TO SELL ON THEIR OWN, WHO WON'T COME DOWN, WILL BE CAUGHT IN THE AFTERMATH OF A HUGE SLOW DOWN.
YOU HEARD IT HEAR ON TOPIX.
SPRING OF 2012 BEGINS THE 'BIGGEST SLOW DOWN IN REAL ESTATE HISTORY'

JIM TURANO/BROKER*DIVERSE REAL ESTATE*MIDDLE VILLAGE,NY 11379

JIMMY T

Since: May 08

Location hidden

#3 Jul 8, 2011
blog EDITORIAL RE: REAL ESTATE BY JIM TURANO
date:JULY 8TH, REAL ESTATE -VOICE OF THE EXPERIENCED BROKER IN MIDDLE VILLAGE,NEW YORK 11379.
BY SEASONED BROKER-JIM TURANO OF *DIVERSE REAL ESTATE* MY OPINION!
ALMOST COMPLETING MY 32 YEAR IN THE REAL ESTATE BUSINESS IN MIDDLE VILLAGE, WHERE MY OFFICE IS LOCATED, I ALSO SERVICE GLENDALE, RIDGEWOOD, MASPETH, REGO PARK, & FOREST HILLS. I HAVE SEEN MUCH IN 32 YEARS BEING IN BUSINESS. I WAS THE FIRST IN QUEENS NEW YORK TO ADVERTISE BACK WHEN ON CHANNEL 1, THE REAL ESTATE CHANNEL SHOWCASING 6 FEATURED HOMES PER HOUR 7 DAYS PER WEEK. PAST PRESIDENT OF THE KIWANNIS CLUB, LIONS BUSINESS CLUB, PAST VICE COMMANDER OF LUKE J.LANG VETERANS ORAGANIZATION, I HAVE MET MORE RESIDENTS FROM MIDDLE VILLAGE, GLENDALE, AND MASPETH THAN MOST BROKERS DUE TO MY COMMUNITY INVOLVMENT, & IN ADDITION, I WAS THE FIRST BROKER TO GO CENTURY 21 IN MY COMMUNITY. MANY PEOPLE FROM WITHIN THE COMMUNITY KNOW ME WELL, SINCE I HAVE TRAVELED UP AND DOWN BLOCKS FOR THE PAST 32 YEARS. IT HAS BEEN A GREAT EXPERIENCE FOR ME AND I STILL TRULY LOVE THE REAL ESTATE BUSINESS. I HAVE SEEN MANY CHANGES, UPS AND DOWNS, LOW AND HIGH MORTGAGE RATES, BUT I HAVE BUILT MY REPUTATION THE OLD FASHIONED WAY BY EARNING IT. THE REAL ESTATE MARKET IN GENERAL HAS PICKED UP THIS YEAR, AFTER 2 YEARS OF A DOWNTURN. WHAT PUZZLES ME TODAY, AND NEEDS TO BE DISCUSSED IS THE RELENTLESS PHONE CALLS, AND E-MAILS LIKE A SWARM OF LOCUS, REGARDING THE EXIT REALTY FRANCHISE. I HAVE NEVER BEEN SO HARRASSED IN MY LIFE BY THE PUSHIEST SALES AGENTS RESEMBLING MOSQUITOS. WHY AM I BRINGING THIS UP RIGHT NOW? SIMPLY TO SAVE AGENTS FROM JOINING WHAT IN MY OPINION, IS NOTHING MORE THAN A RECRUTING FACTORY OF SALES AGENTS. PROMISED THE BEST TRAINING, RESIDUALS, RAH! RAH ! RAH! BRAINWASHING IN CONTINUING TO RECRUIT OTHERS WHILE MAKING UNBELIEVABLE COMMISSION SPLITS TOO.
A WAREHOUSE FULL OF AGENTS, TRYING TO ALWAYS GET OTHER AGENTS IN WHAT I CALL A PYRIMID SCHEME SORT OF. THERE ARE SUCKERS BORN EACH DAY, AND MANY AGENTS FROM LOCAL AREAS, ARE SWAYED TO DREAMS OF FINANCIAL WINDFALLS OF INCOME. THIS IS OF CONCERN TO ME, BECAUSE WORKING WITH A TREMENDOUSLY EXPERIENCE BROKER, WHO IS HIGHLY RESPECTED BY THE PROPERTY ORGANIZATION, THE CITY COUNCILWOMANS OFFICE, THE STATE SENATORS OFFICE, AND COMMUNITY ORGANIATIONS ALONG WITH A STABILE CAREER OF 32 YEARS WITHIN A COMMUNITY IS MORE VALUABLE, THEN WHATEVER THIS CHAIN NAMED EXIT CLAIMS THEY CAN DO FOR NEW AGENTS.
THIS IS MY OPINION, AND MY EXPERIENCE CAN BE CONFOIRMED BY GOOGLING MY NAME.
JIM TURANO/BROKER
P.S. GOOD LUCK TO ANYONE WHO JOINS EXIT REALTY. MY WAY IS SELLING,RENTING APARTMENTS,STORES, MIXED USE SALES, AND TAX PAYERS. THAT’S THE REAL ESTATE BUSINESS.
NOT RECRUITING OTHER’S, AND WORKING WITH SO MANY AGENTS, OUT OF THE AREA YOU RESIDE IN.
THE AMWAY OF REAL ESTATE. REMEMBER WHAT SOUNDS SO GOOD TO BE TRUE,
MAY BE JUST THAT, PLENTY OF SMOKE & MIRRORS. IT ERKS ME THAT HUMAN BEINGS(SALESPERSONS) BELIEVE THAT THERE IS GOLD IN THEM THERE HILLS. GOOD NEIGHBORHOOD BROKERS THAT HAVE BEEN IN AN AREA FOR DECADES GETS REFERRALS LIKE CLOCKWORK. APARTMENTS, FRIEND OF A FRIEND SELLING, WALK-IN BECAUSE OF CONVENIENCE. I HAVE TRAINED OVER 200 SALES AGENTS IN 32 YEARS. MANY DID WELL, SOME MADE PLENTY OF MONEY INVESTED IN REAL ESTATE & ARE NOW RETIRED, AND SOME OPENED THERE OWN PLACES OF BUSINESS. BUT I GUESS THERE WILL ALWAYS BE A GIMMICK TO CATCH THE NAIVE. ANYWAY, YOU HAVE TO LEARN FROM EXPERIENCED BROKERS AND SACRIFICE THE TIME. EARLY MORNINGS, LATE EVENINGS, HAVE YOUR OWN CAR FOR YOUR APPOINTMENTS, AND STICK TO YOUR GAME PLAN.
GOOGLE/JIM TURANO/BROKER JULY 8TH, 2011

Since: Jul 11

New York, NY

#6 Aug 6, 2011
this is why I chose to work at Diverse Real Estate.
31 Years of Real Estate Experience, Reputation, and a Community minded neighborhood Realtor.
08/06/11 TOPIX REAL ESTATE NEWS!
P.S. YOU ARE A PROFESSIONAL EXPERT & GLAD TO BE ON YOUR TEAM.
ADELE

JIMMY T

Since: May 08

Location hidden

#7 Aug 8, 2011
more news regarding Real Estate...August 8, 2011-on 60 minutes last night.
All the foreclosures in the United States, that have been completed to date, and now all the 1 Million more this year, by more than a Half dozen Banks been, have been completed by forged documents. Go read and check it out on 60 minutes site.
Worse than Organized crime, the banking industry, CEO'S, and their affiliates hired to have the papers notarized, after forged signatures of alleged Vice Presidents and Presidents of Banks were placed on each document.
COVER UPS, FRAUD, AND BAILOUTS TO MANY BANKS, BROKERAGE HOUSES, ETC., IN THE PAST 3 YEARS, CONTINUES TO FEED CRIMINAL ACTIVITY IN THIS COUNTRY. LEAVING THE AMERICAN PEOPLE, WITHOUT WORK, WITHOUT HOMES, AND FIGHTING TO KEEP THEIR HOMES. THE ONES WHO ALREADY LOST THEIR HOMES, HAVE BEEN VICTIMIZED TO ABSOLUTE FRAUD.
BREAKING UP FAMILIES UNNECESSARILY THESE PAST THREE YEARS, THROUGH DIVORCE, AND EVEN NOW WHILE MANY FACE FORECLOSURES TODAY, IS AFFECTING MANY MARRIAGES TO BREAK UP.
VIRTUAL NIGHTMARE! THE AMERICAN DREAM!
SHOCKING TO SAY THE LEAST, BUT THIS WILL ALSO FUEL THE BIGGEST SLOWDOWN IN THE REAL ESTATE MARKET IN THE UPCOMING MONTHS.
AUGUST 8TH, 2011 TO BE CONTINUED!
JIM TURANO/BROKER*DIVERSE REAL ESTATE*'AHEAD OF THE CURVE'.
//////////
No wonder why crime is going up, and soon as I stated two years ago, the people/citizens of America will take to the Streets. How much more can Americans take? Trust in the President, Congress, Politicians,Government, CEO's, of all Industries, at this point has diminished considerably.
Can wait to Vote again? For who, when it seems like everyone participating in running this Country is along for the ride, because it seems that a syndicate of higher powers is in charge and the screwing of the American people continue, as a billion dollar business. That is just in Banking, and between everything else it is more lucrative then the entire Drug Business.
We can lower taxes, transit fares, increase social security cost of living, by having the FBI just investigate the Pain Centers/Clinics in each state that bilk Millions from Medicare each year while helping many people becoming addictive on Drugs. If I a lay person can find this out, by speaking to Doctor's in general within the Community, imagine what a trained group could do with an entire investigative team task force.
Just my opinion, but solutions, opinions, are needed besides voicing my negatives against what has and still is going on in Our Country.

Since: Jul 11

New York, NY

#8 Aug 8, 2011
what a mess, stock market down today over 600 points. will mortgage rates go through the roof next year?

JIMMY T

Since: May 08

Location hidden

#10 Aug 15, 2011
update:AUGUST 15TH, 2011 LOGICALLY AND REALISTICALLY WHAT THE WHITE HOUSE HAS TO DO IS ANOTHER ROUND OF STIMULUS, BELIEVE IT OR NOT IN 2012. AND TO FURTHER HELP THE ECONOMY, CREATE MORE JOBS AND ADDING TO THE THE COUNTRIES GNP WOULD BE LOWERING MORTGAGE RATES BY .50%. THAT STIMULATION WOULD CAUSE THE BEGINNING OF A MUCH NEEDED TURNAROUND. THE BANKS SHOULD BE TOLD ALSO TO LIGHTEN UP ON APPLICATION REQUIREMENTS JUST A LITTLE, SO WE MAY COME FULL CIRCLE TO A BETTER ECONOMIC ENVIRONMENT IN THIS COUNTRY.
FAITH WILL BEGIN TO BE RESTORED IN THIS COUNTRY, FOLLOWED BY A MUCH HEALTHIER STOCK MARKET IN 2012. THE 2012 ECONOMIC OUTLOOK AND REAL ESTATE INDUSTRY IS CRUCIAL FOR THE WHITE HOUSE TO SET UP PLANS NOW, SO THAT FRUITION BECOMES REALITY.
JIM TURANO/BROKER*DIVERSE REAL ESTATE*

JIMMY T

Since: May 08

Location hidden

#11 Jun 2, 2012
update:JUNE 2, 2012 WHO WOULD BELIEVE THAT CURRENTLY HOMES THAT I LIST SELL WITHIN 2-6 WEEKS NOW. RATES AROUND 3.8 %-30 YEARS.(SPECIAL REAL ESTATE NEWS)
A DOUBLE BOTTOM HAS FORMED. MUCH LOWER HOME PRICES AND MTGE.RATES. IN FACT SINCE DECEMBER 2011 TO KNOW SOME HOMES HAVE GONE UP $8-12,000 DOLLARS IN VALUE.
WHAT A NICE TURNAROUND OF REAL ESTATE MARKET CONDITIONS!
HOWEVER, WITH ALMOST 33 YEARS OF EXPERIENCE I STRONGLY BELIEVE IN 3 YEARS WE WILL HAVE RUN AWAY INFLATION!!!!!!!!!!
HIGH RATES FOR SURE.
IF YOU DO NOT BUY NOW, IF YOU DO NOT INVEST NOW, YOU WILL BE HIT WITH A TIDAL WAVE OF UNBELIEVABLE HIGH EVERYTHING WITH NO TAX DEDUCTIONS WITH INCOME TO OFFSET WHAT IS COMING!
JIM TURANO/BROKER
DIVERSE REAL ESTATE
73-01 METROPOLITAN AVENUE
*MOST ENDORSED & MOST RECOMMENDED REAL ESTATE BROKER NOT ONLY IN MIDDLE VILLAGE,NY BUT IN ALL OF QUEENS,NY ON "GOOGLE"

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