Home For The Holidays!

In this, the age of "transparency", I thought it appropriate to capitalize on the rampant commercialism that has become Christmas. Is this video a parody, a shameless plug or, just maybe, is it the truth?

You be the judge:



Merry Christmas,

Father Christmas

November's Numbers for Real Estate in Toms River, NJ!

Photo Credit

Monthly Real Estate Market Report for Toms River, NJ – November 2009
November by the numbers:

• 68 The number of Single Family Homes CLOSED during the month

• $322,726 Average LIST price for November*

• $303,988 Average SALES price for the month*

• 87 Average DAYS ON the MARKET for November

• 94.19% The SALES price to LIST price RATIO for the month

• 714 Number of Single Family Homes ACTIVE on the market in November

• 10.50 Number of MONTHS it would take to SELL OFF the existing supply of homes on the market, in Toms River, at this rate, if NONE were to come on the market!

November 2009, saw 68 Single Family Homes CLOSE in Toms River, as compared with 47 in October of 2008. THIS MARKS THE FIFTH MONTH IN A ROW; WHERE SALES HAVE SURPASSED THE SAME MONTH OF THE PREVIOUS YEAR! Of those 68 homes, 33 were in the price range of $200,000 to $299,999 (48%). Combined with the CLOSINGS from the First 3 Quarters of 2009, this represents an INCREASE in SALES of 49%, in this particular price range, over the same time last year!

*These averages include Single Family Homes from the beach communities of Ortley, Normandy and Ocean, etc.

A Brief History of Thanksgiving, as told by Jim Flanagan

I was inspired to create the video below by an e-mail I received this morning. Here, in their entirety, are both the e-mail and the video. Enjoy and Happy Thanksgiving!

Good Morning! It is now Thanksgiving week, and every year I struggle to find the right words to express my gratitude and appreciation for your support and hard work. I think most of you would agree, as 2009 has evolved, it has turned out to be one tough year! I wonder how it would compare to the challenges faced by our forefathers as they began to shape our country. It has been nearly four centuries since the Pilgrims survived their first winter at Plymouth. As it is told, that first winter was brutal—nothing like anything they had ever experienced before. But they prevailed with the resiliency that Americans have demonstrated time and time again In so many wonderful ways, we come together at this time to cherish what unites us. As we sit down to our Thanksgiving Day meal, we must remember that not everyone will be with their family and loved ones this Thanksgiving. We have the men and women of our armed services, who have given up their holidays and time with their families to make sure we can safely be with ours. My sincere thanks to each of you, and your families for their support of your efforts. Coldwell Banker thrives because we have the best people, with a common set of values, working to make a difference in people’s lives. As you gather with your family and friends, I hope you will find many blessings for which to be thankful.

Warm wishes for a Blessed and Happy Thanksgiving! P.Dawn Covahey Executive Business Consultant| Coldwell Banker Real Estate LLC

Tis the Season to get a Tax Credit!

On November 6th, 2009, President Obama signed, into law, legislation extending and expanding the Homebuyer Tax Credit.

What does this mean for "First Time Home Buyers"?

What does this mean for "Move Up" Buyers?

Let's see, shall we:

October Marks 4 Consecutive Months of Increased Home Sales in Toms River, NJ!

Monthly Real Estate Market Report for Toms River, NJ – October 2009

October by the numbers:

• 70 The number of Single Family Homes CLOSED during the month

• $382,092 Average LIST price for October*

• $356,125 Average SALES price for the month*

• 120 Average DAYS ON the MARKET for October

• 93.20% The SALES price to LIST price RATIO for the month

• 737 Number of Single Family Homes ACTIVE on the market in October

• 10.52 Number of MONTHS it would take to SELL OFF the existing supply of homes on the market, in Toms River, at this rate, if NONE were to come on the market!

October 2009, saw 70 Single Family Homes CLOSE in Toms River, as compared with 58 in October of 2008. THIS MARKS THE FOURTH MONTH IN A ROW; WHERE SALES HAVE SURPASSED THE SAME MONTH OF THE PREVIOUS YEAR! Of those 70 homes, 28 were in the price range of $200,000 to $299,999 (40%). Combined with the CLOSINGS from the First 3 Quarters of 2009, this represents an INCREASE in SALES of 41%, in this particular price range, over the same time last year!

*These averages include Single Family Homes from the beach communities of Ortley, Normandy and Ocean, etc.

Tax Credit Extended!

News Release

NATIONAL ASSOCIATION OF REALTORSÒ The Voice For Real Estate®   500 New Jersey Avenue, NW Washington DC 20001

PUBLIC AFFAIRS   For further information contact: Lucien Salvant, 202/383-1176 lsalvant@realtors.org

 

Tax Credit Extension a Positive Step Toward Sustained Real Estate Recovery, Say Realtors^®

 

WASHINGTON (November 5, 2009) – The National Association of Realtors^® today commended the U.S. Senate and House of Representatives for passing a bill that includes an extension and expansion of the current home buyer tax credit as an important step in ensuring a real estate and economic recovery.

"Realtors^Ò
appreciate the swift action by Congress to extend the home buyer tax credit and expand it to some current homeowners," said NAR President Charles McMillan, a broker with Coldwell Banker Residential Real Estate in Dallas-Fort Worth. "As the leading advocate of housing and real estate issues, we urge President Obama to sign this legislation into law quickly to keep the momentum going in the fragile recovery of the nation's housing market."

McMillan praised the efforts of several senators to put the recovery above politics. They are Sen. Johnny Isakson, (R-Ga.); Senate Majority Leader Harry Reid (D-Nev.); Finance Committee Chairman Max Baucus (D-Mont.); Sen. Chris Dodd (D-Conn.), chairman of the Banking, Housing and Urban Affairs Committee; and Sen. Joe Lieberman (I-Conn.), chairman of the Homeland Security and Governmental Affairs Committee.

NAR economists estimate that the current tax credit has contributed approximately $22 billion to the general economy, and approximately 2 million people will take advantage of the tax credit this year.

"The substantial rise in home sales we've seen over the past few months proves that the tax credit is working and is being used by buyers who were waiting for the right opportunity to get into the market," McMillan said. "This important incentive is helping to stabilize the housing market, stimulate the economy and create new jobs in communities all across our great nation. Extending and expanding the home buyer tax credit will enable even more families to take advantage of current low interest rates and affordable prices to invest in their future through homeownership."

 

    -more-     #129    Tax Credit Extension a Positive Step – add 1

The bill would extend the present $8,000 tax credit for first-time home buyers through April 30, 2010. Current homeowners are eligible for a $6,500 tax credit through April 30, provided they have lived in the home they are selling, or have sold, as principal residence for five consecutive years in the past eight years. If potential home buyers have a binding contract on or before that date, they will have until July 1 to close the transaction.

Income limits for eligible home buyers are expanded to $125,000 for single buyers and $225,000 for couples. The purchase price of the home cannot exceed $800,000. To help guard against fraud, buyers are required to attach documentation of purchase to their tax return.

Detailed information about provisions in the tax credit legislation is available on Realtor.org.

The National Association of Realtors^®, "The Voice for Real Estate," is America's largest trade association, representing 1.2 million members involved in all aspects of the residential and commercial real estate industries.

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Information about NAR is available at www.realtor.org. This and other news releases are posted in the News Media section.

Senate Makes Tentative Agreement to Extend and Expand Tax Credit

Here's the latest from NJAR (New Jersey Association of Realtors):

Within the past 72 hours, some misinformation regarding the extension and expansion of the first-time home buyer tax credit has been disseminated through various media outlets. As of today, no formal bill regarding an amended tax credit program has been passed. On Wednesday, October 28, 2009, Senate leaders reached a tentative agreement to extend and expand the federal first-time home buyers' tax credit originally set to expire November 30. While the method for passage remains uncertain, the deal would extend the $8,000 credit for first-time buyers until April 30, by which point they must have sales agreements in hand. These buyers would have until June 30, however, to go to settlement. The agreement would also provide a $6,500 credit for current homeowners who purchase a new residence in this time frame. To qualify, the homeowners must have lived in their primary residence for five continuous years. Qualifying income limits would also be raised to $125,000 for single taxpayers and $250,000 for joint taxpayers, from the current $75,000 and $150,000.

The Senate has not yet agreed whether the extension will be put up for a vote as its own bill or in conjunction with other legislation. Once it passes the Senate, the measure must be voted on by the House and signed into law by President Obama. Stay tuned to www.njar.com and the Week in Review e-newsletter for further developments. Until then, NJAR® continues to urge its members to respond to the NATIONAL ASSOCIATION OF REALTORS® (NAR) Call for Action (CFA) if they have not already done so.

On Monday, October 26, 2009, shortly before the tax credit deal was made in the Senate, NJAR® joined Congressman Leonard Lance (NJ-07) at a press conference in support of the extension and expansion of the federal first-time home buyer tax credit for residents across the state through 2010. Earlier this month, Lance introduced the Homebuyer Tax Credit Fairness Act (H.R. 2779) which would specifically extend and expand the popular tax credit from $8,000 to $15,000 through December 1, 2010, and open it to all people buying a primary residence regardless of income or past homeownership. For more on the press conference, view the press release and read the Asbury Park Press and NJ 101.5 news pieces on the NJAR® “In the News” page.

2009 Home Price Comparison Index

 

 

For Greater National Perspective on Real Estate Trends & Home Values

and/or to Obtain Local Market Interviews:

 

David Siroty     Heather Roberts    Kathleen Reynolds

Coldwell Banker Real Estate LLC    Coldwell Banker Real Estate LLC    CooperKatz & Co.

973.407.7199    973.407.5590    917.595.3031    

David.Siroty@coldwellbanker.com    Heather.Roberts@coldwellbanker.com    kreynolds@cooperkatz.com

 

 

 

COLDWELL BANKER REAL ESTATE RELEASES ANNUAL HOME PRICE COMPARISON INDEX FOR united states and SELECT international MARKETS

 

$2 Million Difference Between Four-Bedroom Homes In Most Expensive Market of La Jolla, Calif., and Most Affordable Market, Grayling, Mich.

 

Singapore Tops International List as Most Expensive Foreign Market; Salinas, Ecuador Most Affordable

 

 

PARSIPPANY, N.J. (Sept. 23, 2009) – The 2009 Coldwell Banker^®
Home Price Comparison Index (HPCI) released today found a price gap of more than $2 million between the most expensive and most affordable U.S. housing markets. In the annual comparison of similar 2,200-square foot homes in 310 U.S. housing markets, La Jolla, Calif. led the list as the most expensive real estate market in the country with an average home price of $2,125,000. Grayling, Mich., also known as the "canoe capital of the world," ranked as the most affordable market in America, where a similarly sized home costs $112,675.

 

La Jolla was joined on the most expensive list by 13 other California markets while Grayling was one of 20 Midwest communities on the most affordable list. Internationally, Singapore was the most expensive market for the same type of home, $1.9 million U.S. dollars, compared with Salinas, Ecuador, which at $69,375 U.S. dollars was the most affordable studied international market.

 

Differing from most housing reports that compare median prices, the annual Coldwell Banker HPCI, provides an apples-to-apples comparison of similar 2,200 square foot, four-bedroom, two-and-a-half bath homes in the United States, Puerto Rico, Canada and a sampling of countries/territories outside of North America where Coldwell Banker Real Estate has a presence.

 

"While price differentials are interesting to compare, I am most intrigued with the affordability levels now seen across much of the nation," says Jim Gillespie, president and chief executive officer of Coldwell Banker Real Estate LLC. "The four-bedroom, two-and-a-half bath home is one we deem 'aspirational' and usually purchased by move-up buyers experiencing lifestyle changes. Thirty percent of the markets show this type of home to be below $200,000, illustrating the opportunity to take advantage of price declines, interest rate levels and increased selection of homes. Encouraging these move-up buyers back into the market is a crucial next step toward helping to rejuvenate the housing industry and the overall U.S. economy."

 

 

 

A "Snapshot" of U.S. Home Affordability

Offering a "snapshot" of affordability across the United States, the Coldwell Banker HPCI evaluates average home values for select 2,200 square foot single-family homes with four bedrooms, two-and-one-half baths.¹ The cumulative average sales price of the four-bedroom homes surveyed in the 310 U.S. markets (including one in Puerto Rico) covered in the Coldwell Banker HPCI is $363,460.

 

Through the comprehensive HPCI section on the Coldwell Banker web site (http://hpci.coldwellbanker.com), prospective homebuyers and sellers can calculate what similar homes may be worth in other areas and gather preliminary intelligence about the affordability of housing from one market to another.

 

2009 Coldwell Banker
HPCI – Highlights and Top Market Lists

 

• Affordable and Attractive: In addition to Grayling, Mich., the following are interesting tidbits about the other nine most affordable U.S. markets:
  
  • Akron, Ohio ($121,885), won the All-American City award three times and is birthplace to the ice cream cone
    
  • Fayetteville, N.C. ($130,875), a historic city known for its strong military ties
    
  • Canton, Ohio ($131,867), birthplace of American professional football and home to the NFL Pro Football Hall of Fame
    
  • Detroit, Michigan ($132,000), America's automotive manufacturing and Motown music hub
    
  • Arlington, Texas ($138,775), home to the Dallas Cowboys' new stadium which will host the 2011 Super Bowl XLV, and the Texas Rangers' Ballpark
    
  • Macon, Ga. ($139,007), hometown to many legendary soul and blues acts like Otis Redding, and home of the Georgia Music Hall of Fame
    
  • Eau Claire, Wis. ($141,270), which has been named one of the 100 Best Communities for Young People by America's Promise in the past
    
  • Port Charlotte, Fla. ($142,750), which is minutes away from the Gulf of Mexico and setting to some of the country's best sunset views
    
  • Wichita, Kans. ($144,625), home to more than 30 museums and a haven for art-lovers, theatre-goers and golfers alike
    

 

• Low Cost to Homeownership: In total, there are 84 U.S. markets in which the sample home price averages under $200,000. The monthly mortgage cost for homes in this price range could average less than $600, and down payments could amount to less than $4,000.
  

 

• Luxury Living: La Jolla, Calif. heads the list as the most expensive real estate market in the country ($2,125,000), beating out its California neighbor Beverly Hills, where the average home costs $1,981,750. Greenwich, Conn., whose average price of $1,519,250 places it as the most expensive market on the East coast, followed by Boston at No. 7 overall. In total, 11 U.S. markets exceeded the $1 million average price for the surveyed home. Note: Manhattan in New York City was not included in the study because of the lack of comparable single-family homes.
  

 

• On Average: The overall national average price of homes in the 2009 Coldwell Banker HPCI is $363,401.
  

 

• Canadian Prices Reach Record Levels: Canada's brief market downturn is over, with record prices now seen throughout the resurgent market. Vancouver, BC leads the hot-again west coast at $1.17 million U.S. dollars for the studied home, nearly double that of nearby Burnaby BC at $611,243. Boomtown Fort McMurray at $593,340 surpasses Calgary as Alberta's most expensive market. Canada's largest city, Toronto, Ontario comes in at $766,643, while Charlottetown PEI remains the country's most affordable market, priced at $147,560 U.S. dollars.
  

 

 

• Most Expensive Internationally: The most expensive market outside the United States is Singapore, where an HPCI subject home averages $1.9 million U.S. dollars, ten percent lower than La Jolla. Coldwell Banker Real Estate compared a total of 57 markets in 29 countries outside of the United States, with those international home prices averaging $487,844 in U.S. dollars.
  

 

 

TABLE 1

The top 10 most expensive and most affordable surveyed U.S. markets overall in 2009 are:

Rank	Most Expensive	2009 Avg. Sales Price		Most Affordable	2009 Avg. Sales Price
1	La Jolla, Calif.	$2,125,000		Grayling, Mich.	$112,675
2	Beverly Hills, Calif.	$1,981,750		Akron, Ohio	$121,885
3	Greenwich, Conn.	$1,519,250		Fayetteville, N.C.	$130,875
4	Palo Alto, Calif.	$1,489,726		Canton, Ohio	$131,867
5	Santa Monica, Calif.	$1,460,912		Detroit, Mich.	$132,000
6	San Francisco, Calif.	$1,363,250		Arlington, Texas	$138,775
7	Boston, Mass.	$1,337,578		Macon, Ga.	$139,007
8	Newport Beach, Calif.	$1,315,505		Eau Claire, Wis.	$141,270
9	Palos Verdes, Calif.	$1,237,041		Port Charlotte, Fla.	$142,750
10	San Mateo, Calif.	$1,090,000		Wichita, Kans.	$144,625

 

TABLE 2

The most expensive and most affordable surveyed U.S. markets within each state in 2009 are:

 

State	Most Expensive	2009 Avg. Sales Price		Most Affordable	2009 Avg. Sales Price	Variance
ALASKA	Juneau	$375,667		Anchorage	$339,311	$36,356
ALABAMA	Huntsville	$267,314		Mobile	$183,696	$83,618
ARIZONA	Flagstaff	$385,057		Phoenix	$199,111	$213,373
ARKANSAS	Fayetteville	$216,125		Little Rock	$171,684	$44,441
CALIFORNIA	La Jolla	$2,125,000		Lancaster	$165,205	$1,959,795
COLORADO	Boulder	$622,000		Colorado Springs	$200,002	$421,998
CONNECTICUT	Greenwich	$1,519,250		West Hartford	$354,375	$1,164,875
DELAWARE	Wilmington*			$376,250
FLORIDA	Key West	$815,750		Port Charlotte	$142,750	$673,000
GEORGIA	Atlanta	$287,250		Macon	$139,007	$148,243
HAWAII	Honolulu	$712,500		Kihei Maui	$540,044	$172,456
IDAHO	Boise	$215,432		Coeur d'Alene	$204,518	$10,914
ILLINOIS	Chicago	$768,333		Joliet	$176,536	$591,797
INDIANA	Munster	$336,000		Muncie	$144,996	$191,004
IOWA	Des Moines	$221,625		Sioux City	$150,060	$71,565
KANSAS	Overland Park	$230,317		Wichita	$144,625	$85,692
KENTUCKY	Florence	$212,720		Lexington	$188,017	$24,703
LOUISIANA	New Orleans	$255,066		Lafayette	$194,939	$60,127
MAINE	Portland	$310,500		Lewiston	$212,250	$98,250
MARYLAND	Bethesda	$759,664		Hagerstown	$237,946	$521,718
MASSACHUSETTS	Boston	$1,337,578		Worcester	$242,769	$1,094,809
MICHIGAN	Mount Pleasant	$195,014		Grayling	$112,675	$82,339
MINNESOTA	Edina	$392,647		Rochester	$191,982	$200,665
MISSISSIPPI	Jackson	$238,000		Gulfport/Biloxi	$186,500	$51,500
MISSOURI	St. Louis	$228,852		Springfield	$156,225	$72,627
MONTANA	Bozeman	$297,488		Great Falls	$151,100	$146,388
NEBRASKA	Kearney	$212,100		Norfolk	$187,350	$24,750
NEVADA	Reno	$272,309		Las Vegas	$213,120	$59,189
NEW HAMPSHIRE	Hanover	$555,222		Nashua	$281,250	$273,972
NEW JERSEY	Ridgewood	$801,250		Haddon Heights	$238,448	$562,802
NEW MEXICO	Santa Fe	$362,602		Albuquerque	$215,059	$147,543
NEW YORK	Queens	$793,500		Syracuse	$171,711	$621,789
NORTH CAROLINA	Winston-Salem	$279,241		Fayetteville	$113,701	$165,540
NORTH DAKOTA	Fargo	$224,426		Minot	$157,167	$67,259
OHIO	Columbus	$307,250		Akron	$121,885	$185,365
OKLAHOMA	Oklahoma City	$164,250		Tulsa	$154,800	$9,450
OREGON	Salem	$335,840		Medford	$276,367	$59,473
PENNSYLVANIA	Philadelphia	$472,396		Erie	$206,500	$266,193
RHODE ISLAND	Providence*			$290,217
SOUTH CAROLINA	Charleston	$338,726		Myrtle Beach	$188,123	$150,123
TENNESSEE	Nashville	$235,336		Chattanooga	$161,975	$73,661
TEXAS	Dallas	$332,375		Arlington	$138,775	$193,600
UTAH	Salt Lake City	$291,152		Provo	$213,000	$78,152
VERMONT	Burlington	$352,000		Rutland	$237,600	$114,400
VIRGINIA	Vienna	$645,946		Winchester	$209,750	$436,196
WASHINGTON	Bellevue	$781,825		Tri-Cities	$224,475	$557,350
WEST VIRGINIA	Charleston	$203,528		Parkersburg	$155,000	$48,528
WISCONSIN	Madison	$298,000		Eau Claire	$141,270	$156,730

 

The 2009 average price in the District of Columbia:

 

DISTRICT OF COLUMBIA

$642,962 *

 

 

 

 

 

The 2009 average price in the Commonwealth of Puerto Rico:

 

PUERTO RICO

$311,750 *

 

*Only one market included in the study.

 

TABLE 3

The most expensive and most affordable markets (in U.S. dollars²) within selected provinces/territories in Canada
are:

 

Province/Territory	Most Expensive	2009 Avg. Sales Price		Most Affordable	2009 Avg. Sales Price	Variance
ALBERTA	Fort McMurray	$593,340		Edmonton	$401,993	$191,347
BRITISH COLUMBIA	Vancouver	$1,174,241		Burnaby	$611,243	$562,998
MANITOBA	Winnipeg $363,042*
NEW BRUNSWICK	Moncton $256,843 *
NEWFOUNDLAND	St. John's $324,338*
NOVA SCOTIA	Halifax $257,891*
ONTARIO	Toronto	$766,643		Brantford	$222,968	$543,675
PRINCE EDWARD ISLAND	Charlottetown $147,560 *
QUEBEC	Montreal $436,403 *
SASKATCHEWAN	Saskatoon $355,237*
YUKON	Whitehorse $341,775*

* Only one market included in the study.

 

TABLE 4

All surveyed international markets 2009:

 

Country	Market	2009 Avg. Sales Price in U.S. $
ARUBA	Aruba	$ 314,000
AUSTRALIA	Brisbane	$ 217,071
BAHAMAS	Nassau	$ 458,906
BELIZE	San Pedro	$ 244,300
BERMUDA	Hamilton	$ 1,348,813
CAYMAN ISLANDS	Cayman Islands	$ 526,250
CHINA	Shanghai	$ 1,386,750
	Chongqing	$ 340,776
COLOMBIA	Pereira	$ 151,884
	Bogotá	$ 182,926
	Cartagena	$ 454,102
COSTA RICA	Escazu	$ 293,750
	Heredia	$ 265,000
	Jaco Beach	$ 385,500
	San Jose	$ 269,500
ECUADOR	Guayaquil	$ 101,250
	Samborondon	$ 154,250
	Salinas	$ 69,375
EGYPT	Cairo	$ 273,393
	6th October	$ 859,625
GUATEMALA	Guatemala City>	$ 207,175
HONDURAS	Roatan	$ 299,500
	San Pedro	$ 220,000
	Tegucigalpa	$ 228,166
INDONESIA	Bandung	$ 112,367
	South Jakarta	$ 494,252
	Tangerang	$ 146,551
IRELAND	Cork	$ 534,360
	Dublin	$ 1,127,843
	Galway	$ 746,874
ITALY	Florence	$ 1,612,224
	Rome	$ 1,261,740
	Milan	$ 1,636,758
LEBANON	Beirut	$ 512,000
MEXICO	Mexico City	$ 207,020
	Monterrey	$ 188,435
NICARAGUA	Granada	$ 239,750
	Managua	$ 221,000
PANAMA	Panama City	$ 239,750
ROMANIA	Ploiesti	$ 402,778
	Brasov	$ 300,764
	Bucuresti	$ 1,371,528
SINGAPORE	Singapore	$ 1,898,500
ST. CROIX	Christiansted	$ 602,500
TURKEY	Istanbul	$ 669,000
	Ankara	$ 351,000
	Gaziantep	$ 173,500
	Izmir	$ 315,000
TURKS AND CAICOS	Providenciales	$ 872,225
UNITED ARAB EMIRATES	Dubai	$ 1,077,703
VENEZUELA	Caracas	$ 165,615
	Maracaibo	$ 118,461
	Porlamar	$ 151,653
VIETNAM	Ho Chi Min City Dist 1	$ 341,099
	Hanoi	$ 166,470
	DaNang	$ 172,900

 

Methodology – 2009 Coldwell Banker^Ò Home Price Comparison Index:

Coldwell Banker Real Estate LLC conducts its Home Price Comparison Index study by compiling survey data from Coldwell Banker offices throughout the United States, Puerto Rico, Canada and a sampling of other countries where the Coldwell Banker system has a market presence. Companies within the Coldwell Banker system submit data based on the average sales price of comparable listings through July 2009, a comparative market analysis of homes previously evaluated for the 2008 HPCI. The criteria for the HPCI subject home is: single-family dwelling, 2,200 square feet (approximately) four bedrooms, two and one-half baths, family room (or equivalent) and two-car garage in neighborhoods/zip codes within a market that is typical for corporate middle-management transferees.

 

About Coldwell Banker
Real Estate

Since 1906, the Coldwell Banker^® organization has been a premier full-service real estate
provider. In 2008, Franchise Times magazine's prestigious Top 200 issue ranked the Coldwell Banker system No. 1 in real estate for the ninth straight year and 12th among franchisors in all industries. The Coldwell Banker System has approximately 3,500 residential real estate offices and approximately 100,000 sales associates in 47 countries and territories. The Coldwell Banker System is a leader in the industry in residential and commercial real estate, and in niche markets such as resort, new home and luxury property through its Coldwell Banker Previews International^® division. It is a pioneer in consumer services with its Coldwell Banker Concierge^® Service Program and award-winning Web site, www.coldwellbanker.com. Coldwell Banker Real Estate LLC is a subsidiary of Realogy Corporation, a global provider of real estate and relocation services. Coldwell Banker^® is a registered trademark licensed to Coldwell Banker Real Estate LLC. Each office is independently owned and operated.

 

1  2,200 square feet was the baseline figure used as size criteria for the HPCI subject homes. However, it is possible that in certain markets the size of the subject homes varied.

 

² The Canadian dollar to U.S. dollar conversion rate was $.93. The date of conversion was 9/15, and http://www.bank-banque-canada.ca was used to convert the figures.

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