Top 10 Most Affordable College Towns


 

Top 10 Most Affordable College Towns

I came upon a recent survey of real estate professionals in university towns shows that many parents are buying homes for collegiate children.

The survey found 73% of practitioners surveyed said they see a significant number of investors buying homes near campus and renting them to people in the community, with only 21% seeing a decrease in this trend over the past five years.

And football matters. Some 24% of practitioners said the success of a college’s sports teams can have an impact on the local real estate market.

The survey also identifies the 10 most affordable college towns and the 10 least affordable ones. It found that nearly two thirds of the college markets have homes priced less than $250,000.

Here are the 10 most affordable markets and their average list prices:

1. Ball State University, Muncie, Ind., $105,115
2. University of Buffalo (SUNY Buffalo), Buffalo, N.Y., $117,223
3. University of Memphis, Memphis, Tenn., $135,090
4. University of South Carolina, Columbia, S.C., $137,707
5. University of Akron, Akron, Ohio, $139,711
6. Eastern Michigan University, Ypsilanti, Mich., $141,964
7. Ohio University, Athens, Ohio, $141,964
8. Kent State University, Kent, Ohio, $153,662
9. University of Toledo, Toledo, Ohio, $155,286
10. Louisiana Tech University, Ruston, La., $157, 110

And thank you for making me Your Orange County Real Estate Connection.     

www.MichaelCarusoRealEstate.com

Best regards,

Michael Caruso, Broker ABR ABRM CLHMS CRB CRS GREEN GRI

Past President, Orange County Association of Realtors (949) 753-7900

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Mixed recovery signs


Currently there are some mixed signs for our economic recovery. What do you think? Would love to hear your thoughts!

POSITIVE SIGNS:

-Economy is no longer slowing down

-Consumer spending and the housing market are looking a little better, especially after this Black Friday

-The economy is self-sustaining and has to kick into gear by end of 2011 (granted there are no security risks and major policy changes)

-Corporate profits have recovered and many are showing strong earnings reports. Cost cutting has proven positive for profit margins as well as over-seas sales

-Manufacturing has picked up

SIGNS OF RISK:

-Unemployment rate is not reducing due to the slow growth in the economy

-Policy decisions

-Expiring tax cuts cause uncertainty. If they are not extended we will have over $200 billion in tax increases to deal with next year

-The uncertainty of the above is halting hiring for many businesses as it will mean increased payroll taxes

-Economic problems abroad (i.e. Ireland bailout)

Find out if the market has stabilized in your neighborhood: www.homevaluesinyourarea.info

And thank you for making me your Orange County Real Estate Specialist!

Best Regards,

Michael Caruso, Broker ABR ABRM CLHMS CRB CRS GRI GREEN

Past President, Orange County Assoc. of Realtors

www.michaelcarusorealestate.com

949-753-7900

My Micro-Level Market Report – featured on OCRegister.com


I was recently asked for the Orange County Register about the micro-level housing market in Laguna Niguel. I see a number of trends, such as an increase in sales of homes up-to- $1 million. Most activity is among homes in the “up-to-$500,000” range, increasing since 2008 and 2009. The current legislative news we are waiting for in 2011 should bring out more buyers once their questions are answered. To read the entire article by Jonathan Lansner and get the full details, click here:  http://lansner.ocregister.com/2010/11/27/bargain-homes-hot-in-lagunaniguel/89534/

And thank you for making me your Orange County Real Estate Specialist!

Best Regards,

Michael Caruso, Broker ABR ABRM CRB CRS CLHMS GRI GREEN

Past President, Orange County Assoc. of Realtors

949-753-7900

http://www.michaelcarusorealestate.com

 

READ THIS before cooking your Thanksgiving feast


Keep your family and friends safe and healthy with these important tips from the USDA.

DON’T: Store warm leftovers in large containers – they won’t cool fast enough to kill bacteria

DON’T: Serve undercooked (or raw) eggs…make sure stuffing is all the way heated to at least 165 degrees

DON’T: Wash meats – this can increase the risk of spreading bacteria (news to me!)

DON’T: Thaw frozen food at room temperature

DO: Thaw by refrigerating…6hrs per pound

DO: Store leftovers in appropriate size Tupperware

DO: Set your fridge to 40 degrees F and freezer to 0 degrees F

DO: Use one cutting board for produce and one for meats

DO: Wash all produce, even if you are not going to use the skin or rind

And lastly, DO enjoy every last bite…it only comes once a year! HAPPY THANKSGIVING!

Thank you for making me Your Orange County Real Estate Specialist !

Michael Caruso, Broker ABR ABRM CLHMS CRB CRS GRI GREEN

Past President, Orange County Assoc. of Realtors

Office: 949-753-7900 or 949-495-8600

www.MichaelCarusoRealEstate.com

Last Minute Thanksgiving Ideas with Caruso!


It’s a great time of the year that fills people with warmth, and a great way to boost the joy of those in your home this year.  If you need just a few more final touches for your home, here are a few decorating ideas:

•Hollow out a handful of mini pumpkins and use them as candle holders either on the dining table or around the house.

•Gather pinecones, or buy them if you prefer, and place them in a large basket on the hearth. Decorate with some fall leaves to add some color and lines. Remove the leaves after Thanksgiving and add some pine boughs, red berries, and a bow for a nice Christmas decoration.

•Purchase a fall garland of silk and preserved fall leaves and berries. Drape these items across your mantle, or attach it under the mantle with tiny nails or pushpins. Orange mini lights can add a nice warm glow to the scene as well. Decorate with raffia or paper ribbon bows to complete the look. 

•Wreaths are often associated with the holiday season and they are a good way to add some pizzazz to a bare front or side door.  If you’re feeling creative but want something simple you can go down to your local craft store and buy a wreath kit. 

•To make easy napkin rings for fall, hot glue some leaves around 1″ wide rounds of cardboard tubing (from gift wrap rolls). Glue a strip of colored paper or fabric to the inside of the ring. Attach 2 pieces of raffia on the bottom with hot glue, and bring them around to tie a bow on top. This will help hold the leaves down. A drop of glue under the bow will hold it in place.

I hope these decorative suggestions have helped you plan your holiday décor, or at least have sparked some ideas of your own.  If there is anything I can help you with this holiday season feel free to call or email me. My door is always open.

And thank you for making me Your Orange County Real Estate Connection.     

www.MichaelCarusoRealEstate.com

Best regards,

Michael Caruso, Broker ABR ABRM CLHMS CRB CRS GREEN GRI

Past President, Orange County Association of Realtors (949) 753-7900

Green features important to home buyers


The National Association of REALTORS® annual survey, Profile of Home Buyers and Sellers 2010, found some interesting GREEN facts about home buying decisions.

Commuting costs and environmental efficiency are more and more becoming factored into purchase decisions. 35% rated commuting costs “very important”, 35% said they were “somewhat important” and less than a quarter rated them “not important”.

The #1 environmentally-friendly feature considered “Very Important: by all buyers in all regions was heating and cooling costs. In the West, where I do business, the next “very important” features (in order of importance) were: energy efficient lighting, energy efficient appliances, landscaping for energy conservation, and environmentally friendly community features.

What do you think? Are these important to you or your buyers when looking for a home?

If “green” materials, ratings, design, living and technology are important to you when finding a home, be sure to use a NAR Green Designee. I was Orange Count’s first GREEN Real Estate Broker and am happy to help you with any of your needs.

More info can be found at greenresourcecouncil.org

Best Regards,

Michael Caruso, Broker ABR ABRM CLHMS CRB CRS GRI GREEN

Past President, Orange County Assoc. of Realtors

949-753-7900

http://www.MichaelCarusoRealEstate.com