Friday, April 30, 2010

Don't Miss Out on Getting Your Compost Bin

The City of Portland Public Services Department’s third annual composting promotion is underway, and the public has until May 1st to order their kit. The program offers compost bins, wing diggers, kitchen waste pails and rain barrels at discounted prices for purchase. Last year more than 500 compost bins, wing diggers, kitchen pails and rain barrels were sold through the program. In line with Portland's sustainability goals, the city endorses compost as an environmentally responsible alternative to fertilizing lawns and gardens and an efficient way to manage organic waste. Twenty-five percent of the average household's waste consists of yard trimmings and kitchen scraps, which can easily be composted. Home composting combined with recycling and yard waste programs can reduce household waste by up to eighty percent.

The 2010 home compost bin and how-to guide are available at a reduced cost of $40.00 (original price $100). The bin has a 10 year warranty, made of 100% recycled plastic and is large enough for a family of five. Kitchen Waste Pails, for kitchen food scraps, are available for $8.00 each and the wing digger compost turner can be purchased for a discounted price of $17.00. For the second year, people can also purchase a 55 gallon capacity Rain Barrel for $57.00 (visit online for more informationhttp://publicworks.portlandmaine.gov/rainbarrel.pdf). Orders will be taken in person or via mail at the Department of Public Services, 55 Portland Street, Portland ME 04101 until May 1, 2010. Order forms are available online at http://publicworks.portlandmaine.gov/compostform.pdf. Payment in the form of check or money order should be made payable to MRRA (Maine Resource Recovery Association) and must be made when placing your order. All orders will be available for pick-up May 22, 2010 at the Solid Waste Division on District Road (Entrance at 2360 Congress Street) from 7:00 AM -3:00 PM.

Last year, Portland residents delivered 2700 tons of yard waste to Riverside Recycling Center, which cost more than 100 thousand dollars ($100,000.00) to manage. Composting yard waste and non-meat food scraps at home instead of disposing of them reduces waste management costs and provides homeowners with a valuable soil amendment. Sustainable lawn care practices such as yardscaping (which includes reduced mowing and aerating along with the use of compost) help the environment by growing lawns that are less dependent on chemicals, fertilizers and watering.

In addition to composting organics, residents are encouraged to "mow high," generating shorter grass clippings that compost better. It is estimated that the average American spends forty hours a year mowing their lawn, releasing greenhouse gases into the atmosphere and causing air pollution. In fact, a lawnmower pollutes as much in one hour as an automobile driving 350 miles.

In 2004, 3 million pounds of yard care pesticides were purchased in Maine, more than three times the amount purchased ten years before. The use of pesticides and fertilizers pose a health risk to Portland's water ways. Excess nitrogen, a component of most fertilizers, can cause nuisance algae growth in Casco Bay.

Contact the Department of Public Services at 874-8801 for more information about the composting program. For more information about yardscaping, visit the Cumberland County Soil and Water Conservation District online http://www.cumberlandswcd.org/ .

New Listing from the Hatcher Group in Brunswick



John Hatcher
Keller Williams Realty - The Hatcher Group
6 Deering Street
Portland, Maine 04101
207-775-2121 Office 207-7752122 Fax
http://JohnHatcher.us
John@JohnHatcher.us

Thursday, April 29, 2010

Capisic Brook Clean-up May 1st

Next Saturday, the University of Southern Maine, Department of Environmental Science Student Group, with support from the City of Portland, will sponsor a community clean-up of Capisic Brook. The public is invited to join local volunteers as they pick up trash and debris along the stream. The clean-up will help create a cleaner, healthier watershed and raise awareness about the importance of being good environmental stewards of Portland’s natural water ways. The City of Portland will remove the collected materials and recycle or compost when possible. For more information about the 2nd Annual Capisic Brook Clean-up 2009 contact Amanda Roy at Amanda.roy@maine.edu or 207-649-0689.

Capisic Brook Watershed is one of Portland’s largest urban stream watersheds collecting runoff from portions of the Riverton, Nason’s Corner, Deering Center, and Rosemont neighborhoods as well as a small portion in Westbrook before it drains to Capisic Pond and on to the Fore River. Years of urbanization, however, have significantly impaired the brook’s health, as well as its ability to support recreation or wildlife. Unlike healthier streams in rural communities, Capisic Brook no longer complies with state and federal water quality standards and is classified as one of 32 “urban impaired” streams in Maine.

Capisic Brook is comprised primarily of residential neighborhoods with a variety of other land-uses, including large- and small-scale retail and commercial development. The cause of the brook’s steady degradation is in large part due to increasing volumes of stormwater runoff – polluted with oil, grease, metals, sediment, and nutrients from fertilizers and other lawn treatments – flowing into its waters from the growing number of surrounding impervious areas such as parking lots, roadways, paved driveways, and rooftops. The quest for a green, weedless lawn also contributes to water pollution, as fertilizers and pesticides end up washing down the nearest storm drain or into the nearby brook when it rains.

For more than fifteen years, the City of Portland has invested millions of dollars in an effort to reduce water pollution in Capisic Brook and other fresh and salt water bodies through its combined sewer overflow abatement program (separating sewer drainage systems from stormwater drainage systems). This effort has reduced the amount of sewage discharged to the brook significantly, however, efforts still need to be undertaken to reduce the runoff and pollution entering the water system by land use. Last year, Portland received a grant for nearly $100,000 from the Maine Department of Environmental Protection, under the American Recovery and Reinvestment Act, to develop a watershed-based plan with the goal of improving water quality in Capisic Brook by addressing the causes of polluted stormwater runoff. While many different strategies are being explored, an important part of this effort includes outreach and information to help residents, landowners, businesses, and the city better understand the watershed, and how their daily practices impact water quality. For more information about the Capisic Brook Watershed planning effort, contact the Stormwater Program Coordinator, Doug Roncarati, at 207-874-8848 or dar@portlandmaine.gov.

When: Saturday, May 1, 2010 (rain date: Sunday, May 2, 2010)

10:00 AM – 2:00 PM

Where: Capisic Pond Park

Capisic Street and Macy Street, Portland

Wednesday, April 28, 2010

Many Americans Struggling with Rising Rental Housing Costs

The gap between the cost of renting a modest apartment and the wages of working families continues to widen, according to a new report from the National Low Income Housing Coalition.

“Out of Reach 2010″ paints a gloomy picture for the nation’s nearly 38 million renters, who make up a third of U.S. households.

On average, a family must earn $38,355 a year, $18.44 an hour, to afford a simple two-bedroom apartment at the 2010 national average fair market rent of $959.

However, the average wage for U.S. renters is $14.44 an hour, down from $14.69 last year. Further, more than 60% of U.S. renters live in counties where even the average one-bedroom fair market rent of $805 isn’t affordable for average wage earners, the study found.

Minimum wage earners are at the greatest disadvantage. Under the standard measure of affordability—housing costs should account for no more than 30% of income—full-time minimum wage earners can’t afford one-bedroom apartments in any county in the country, even though Congress hiked the minimum wage from $6.55 an hour to $7.25 last year.

When adjusted for inflation, though, the average hourly wage fell by half a percentage point last year and probably will stagnate for the next few years, said economist Dean Baker, the co-director of the Center for Economic Policy and Research. “So the ability of people to be able to afford decent housing is not likely to get any better” in the next few years, Baker said. “It’s more likely to be worse than better. We aren’t on a good path.”

The findings help explain why the number of renters who moved in with family and friends, or “doubled up,” increased by 25% from 2005 to 2009. So-called affordable housing is becoming harder to find. Harvard’s Joint Center for Housing Studies has estimated that 200,000 such apartments, for which tenants pay less than 30% of their income for rent and utilities, are lost each year in the U.S.

For every new affordable-housing unit that’s constructed, two are demolished, abandoned or converted to condominiums or expensive rentals, according to the John D. and Catherine T. MacArthur Foundation.

Read more HERE at RIS Media.

Tuesday, April 27, 2010

New Luxury Home Listing from John Hatcher



John Hatcher
Keller Williams Realty - The Hatcher Group
6 Deering Street Portland, Maine 04101
207-775-2121 Office 207-7752122 Fax
http://johnhatcher.us/
John@JohnHatcher.us

Mortgage Rates Rise on Improving Economic Data

While inflation remained low, stronger than expected economic data released last week was negative for mortgage markets. As a result, mortgage rates ended the week a little higher.

The big news in last week's economic data came from the housing sector. March Existing Home Sales rose 7% from February, and existing home sales were 16% higher than one year ago. Inventories of unsold existing homes fell to an 8-month supply, from 8.5-months in February. March New Home Sales were even better, jumping 27% from February to the highest monthly rate since last July. This marked the largest single-month increase in new home sales since 1963. The chief economist of the National Association of Realtors (NAR) credited the homebuyer tax credit for the strong March housing data. Buyers must sign a contract by April 30 to take advantage of the tax credit, so the April data should benefit as well.

Friday morning, CNBC reported that support is growing among Fed officials to begin sales of mortgage-backed securities (MBS) from the Fed's portfolio. In a program which ended March 31, the Fed purchased $1.25 trillion of MBS to help lower mortgage rates and boost the economy. According to CNBC, "at least" six members of the Fed's policymaking committee support near-term MBS sales if the economy continues to improve. The selling could begin as soon as the third or fourth quarter of this year. Fed Chief Bernanke still views the likely time frame to begin MBS sales as next year, but his recent comments have indicated a willingness to keep more options open. With the next Fed meeting taking place on Wednesday, the 2:15 et release of its statement will take on added significance. If the Fed actually conveys an intention to begin to sell MBS soon, mortgage rates would be likely to rise on the news.

Also Notable:

  • The Producer Price Index (PPI) core inflation rate rose at a low 0.8% annual pace
  • A popular measure of business investment rose at the fastest rate in 9 months
  • First-time buyers accounted for 44% of existing home sales in March
  • The Treasury will auction $118 billion in 2-yr, 5-yr, and 7-yr securities next week

This Week

The big story this week will be Wednesday's Fed meeting. No change in rates is expected, but investors will be closely watching for hints about future Fed moves to tighten policy or to sell assets. Friday's Gross Domestic Product (GDP) report for the first quarter will be the most significant economic data. GDP is the broadest measure of economic activity. The Chicago PMI Manufacturing index will also come out on Friday. Consumer Confidence and Consumer Sentiment will round out the schedule. There will be Treasury auctions on Tuesday, Wednesday, and Thursday.

Monday, April 26, 2010

Foreclosure Activity Increases 7 Percent in First Quarter 2010 According to RealtyTrac U.S. Foreclosure Market Report

RealtyTrac, a leading online marketplace for foreclosure properties released its U.S. Foreclosure Market Report for Q1 2010, which shows that foreclosure filings—default notices, scheduled auctions and bank repossessions—were reported on 932,234 properties in the first quarter, a 7% increase from the previous quarter and a 16% increase from the first quarter of 2009. One in every 138 U.S. housing units received a foreclosure filing during the quarter.

Foreclosure filings were reported on 367,056 properties in March, an increase of nearly 19% from the previous month, an increase of nearly 8% from March 2009 and the highest monthly total since RealtyTrac began issuing its report in January 2005.

“Foreclosure activity in the first quarter of 2010 followed a very similar pattern to what we saw in the first quarter of 2009: a shallow trough in January and February followed by a substantial spike in March,” said James J. Saccacio, chief executive officer of RealtyTrac. “One difference, however, is that the increases were more tilted toward the final stage of foreclosure, with REOs increasing 9% on a quarterly basis in the first quarter of 2010 compared to a 13% quarterly decrease in REOs in the first quarter of 2009.

“This subtle shift in the numbers pushed REOs to the highest quarterly total we’ve ever seen in our report and may be further evidence that lenders are starting to make a dent in the backlog of distressed inventory that has built up over the last year as foreclosure prevention programs and processing delays slowed down the normal foreclosure timeline.”

Read more HERE at RIS Media

John Hatcher
Keller Williams Realty - The Hatcher Group
6 Deering Street | Portland, Maine 04101
207-775-2121 Office | 207-7752122 Fax
http://JohnHatcher.us
John@JohnHatcher.us

Sunday, April 25, 2010

New Nationwide Survey Provides Comprehensive Look at Sentiment Toward Housing

A new national survey gauging attitudes toward housing finds that two-thirds of Americans (65%) still prefer owning a home, despite the challenging economic environment and the housing downturn. The Fannie Mae National Housing Survey, conducted between December 2009 and January 2010, polled homeowners and renters to assess their confidence in homeownership as an investment, the current state of their household finances, views on the U.S. housing finance system and overall confidence in the economy.

“Despite the recent downturn in the housing sector, Americans continue to value homeownership and think about their homes in ways that go much deeper than the financial investment,” said Mike Williams, President and CEO, Fannie Mae. “The public also strongly believes in the importance of upholding the financial commitment involved in buying and owning a home, even during these challenging times when home values have fallen.”

Survey Shows More Cautious Approach among Consumers

The survey revealed that homeowners and renters alike are taking a more cautious approach to homeownership. Nearly a quarter of renters polled (23%) say they will buy a home later than once planned. In addition, Americans with traditional, fixed-rate mortgages with predictable payments are significantly more satisfied than those with other types of mortgages. Respondents cited non-financial reasons such as safety (43%) and quality of local schools (33%) as driving factors in wanting to own a home, ahead of financial considerations.

“Consumers are still committed to owning a home, but are showing increased cautiousness, regardless of whether they rent, own their homes outright or have a mortgage,” said Doug Duncan, Vice President and Chief Economist, Fannie Mae. “They are rebalancing their attitudes toward housing and homeownership by adopting a more realistic, long-term approach, and are less willing to take risks. This focus on sustainable housing is better for the economy, better for the housing market and better for America’s families.”

A majority of consumers (60%) believe that buying a home today is harder than it was for their parents, and nearly seven in ten (68%) think it will be even more difficult for their children. Most respondents (88%) also believe that walking away from an underwater mortgage is not acceptable, but those who know someone who has defaulted are more than twice as likely to have seriously considered stopping payments on their mortgage.

Read More HERE at RIS Media


John Hatcher
Keller Williams Realty - The Hatcher Group
6 Deering Street | Portland, Maine 04101
207-775-2121 Office | 207-7752122 Fax
http://JohnHatcher.us
John@JohnHatcher.us

Saturday, April 24, 2010

A Clean Slate

Long ago, people cleaned in the spring to remove a winter’s worth of filth that had slowly accumulated during the seasonal hibernation. Just imagine the refreshment our ancestors must have felt from washing their homes from top to bottom. A hard week’s work rid the home of the dirt tracked in during inclement weather and the soot built up from keeping the home fires burning. With our modern residential heating systems, modes of transportation, and garages to protect us from winter storms, we are lucky that winter doesn’t seem to wreak the same havoc on our homes.
For many of us, however, finding a spare weekend to scrub, wash, and clean every nook and cranny in a house just isn’t practical, meaning our homes are sorely in need of a deep clean. This year, instead of trying to cram twelve months’ worth of cleaning into one weekend, use your springtime burst of energy to set up a cleaning system to keep your house in good working order throughout the year. Read on for ideas to get you started.

Make a Plan
The most important step is to set up expectations for cleaning your home. Think through what each room needs on a regular basis to keep it looking its best. Ask yourself, how often should each of these tasks be completed, and is that frequency manageable? Once you’ve created a basic list of what needs to be done and when, make a chart for each room containing the list of cleaning tasks specific to the room, the desired frequency of each task, and boxes to check each time the task is completed. Place the list with your cleaning supplies in each room so that you can keep track of, for instance, the last time you dusted baseboards in the dining room or washed windows in the guest room.

Stock Up on Supplies
Purchase your favorite cleaners in bulk to receive a better price per ounce while also reducing packaging. If you are looking to cut waste, switch from products such as cleaning wipes and Swiffer sheets to cloth rags that can be washed and reused. It is also helpful to keep recipes for homemade cleaning products on hand in case you run out of your cleaning staples. For instance, if you are low on Windex, you can make windows sparkle by combining eight parts water to one part white vinegar; just spray on the window and use newspaper to wipe down the glass.

Read more HERE at Your Home and Lifestyle

John Hatcher
Keller Williams Realty - The Hatcher Group
6 Deering Street | Portland, Maine 04101
207-775-2121 Office | 207-7752122 Fax
http://JohnHatcher.us
John@JohnHatcher.us

Friday, April 23, 2010

REFUGE IN THE DESERT

The terrain of Tucson offers up roughedges and hardscrabble surfaces. It’s no wonder the family to whom this kitchen belongs wanted a chic oasis to contrast with the mountainous desert vista viewed outside the home’s windows.
The architect for this home created a structure with crisp lines, hard edges, and cool surfaces. Lori Carroll of Lori Carroll & Associates was inspired by the architect’s use of materials, which became the jumping-off points for her design inspiration. The exposed beams, the sandy brick tones, and the use of natural light all played a part in her choices of texture, color, and materials.
“This was the second home where I worked with these clients, so there was a great relationship between us,” Carroll says. “They trusted me, so they let me do my thing.”
You can understand their trust, considering how the inspired choice of bright green contrasts so beautifully with the steely gray that dominates the room. “My addition of green tones to the room brought a ‘pow’ of color to the palette,” Carroll says. “We found a carpet for their office [in another part of the house] that had that color in it. That’s where we pulled the accent.” The green shows up in the wall at the far end of the room and in the vibrant accessories on the display shelves. The lemons, limes, and daisies add a citrus pop to the palette.

Read more HERE at Home by Design

John Hatcher
Keller Williams Realty - The Hatcher Group
6 Deering Street | Portland, Maine 04101
207-775-2121 Office | 207-7752122 Fax
http://JohnHatcher.us
John@JohnHatcher.us

Thursday, April 22, 2010

The Renovation, Repair and Painting Rule

Common renovation activities like sanding, cutting, and demolition can create hazardous lead dust and chips by disturbing lead-based paint, which can be harmful to adults and children.

On April 22, 2008, EPA issued a rule requiring the use of lead-safe practices and other actions aimed at preventing lead poisoning. Under the rule, beginning in April 2010, contractors performing renovation, repair and painting projects that disturb lead-based paint in homes, child care facilities, and schools built before 1978 must be certified and must follow specific work practices to prevent lead contamination. Until that time, HUD and EPA recommend that anyone performing renovation, repair, and painting projects that disturb lead-based paint in pre-1978 homes, child care facilities and schools follow lead-safe work practices.

There are some differences between the EPA RRP Rule and the HUD Lead Safe Housing Rule (LSHR). A major difference is that the LSHR requires clearance examinations. All housing receiving federal assistance must still comply with the LSHR. OHHLHC provides Information oncomplying with the LSHR and RRP, andFrequently-asked Questions from Grantees. Additional information for renovators is available.

Read more HERE at the U.S. Department of Housing and Urban Development


John Hatcher
Keller Williams Realty - The Hatcher Group
6 Deering Street | Portland, Maine 04101
207-775-2121 Office | 207-7752122 Fax
http://JohnHatcher.us
John@JohnHatcher.us

Wednesday, April 21, 2010

Around the Home – Make Your Home Healthier

It’s what most of us look forward to at the end of a busy day: coming home, putting our feet up, and taking a deep breath of air. You may be surprised to find out that the air we breathe inside our homes every day can be several times more polluted than the air outside. It makes sense when we take stock of the many chemicals we bring into our homes. Do your part and reduce indoor air pollution when you make smarter choices about the furniture, paints and cleaning supplies you buy for your home.

When shopping for furniture, you need to do more than pick out pieces that are attractive or comfortable. It’s important to also find out how the pieces are made and whether they will slowly emit toxins into your home.

For the times when you need something new, there are a few items you should definitely avoid. Pressed woods like particleboard, plywood, and medium density fiberboard (MDF) are known to contain urea-formaldehyde resin. Of the three wood materials, MDF releases the most formaldehyde. Formaldehyde is a colorless gas that can cause skin rashes, chronic headaches, and is also a suspected carcinogen.


Read more HERE at RIS Media

John Hatcher
Keller Williams Realty - The Hatcher Group
6 Deering Street | Portland, Maine 04101
207-775-2121 Office | 207-7752122 Fax
http://JohnHatcher.us
John@JohnHatcher.us

Tuesday, April 20, 2010

3 New Listings from The Hatcher Group







John Hatcher
Keller Williams Realty - The Hatcher Group
6 Deering Street | Portland, Maine 04101
207-775-2121 Office | 207-7752122 Fax
http://JohnHatcher.us
John@JohnHatcher.us

New Home, New Expenses: First-Time Home Buyers Change Their Lifestyle to Afford Home Ownership

BBVA Compass recently released a new survey on first-time home buyers indicating that, prior to purchase, a vast majority of first-time home buyers (88%) believe they have accounted for all expenses related to owning a home. Seemingly contradicting that notion, amongst those who had purchased a home in the past 12 months, just over half indicate the expenses were more than they had calculated, causing a change in lifestyle. These results came from the BBVA Compass First-Time Home Buyers Online Survey which polled American consumers about the thoughts, emotions and hurdles related to owning and enjoying a first home.

Regarding potential first-time home buyers, key findings included:
-Nearly one third have anxiety over the affordability of owning a home.
-7 in 10 indicate that the first-time home buyer’s tax credit has not truly factored into the timing of when they decide to purchase a home.
-92% of respondents indicate that having additional time before their first payment due date would be helpful.

Regarding first-time home buyers who have purchased a home in the previous 12 months, key findings included:
-51% indicated that the monthly expense of owning a home was more than they calculated.
-Although 7 in 10 respondents said that the unexpected expenditures leveled out over time, another 87% said they changed their lifestyle as a result of the additional expenses.
-Nearly one third indicated that they paid for these unexpected expenditures with a mixture of cash and credit, perhaps indicating a lack of liquid funds.

Read more HERE at RIS Media


John Hatcher
Keller Williams Realty - The Hatcher Group
6 Deering Street | Portland, Maine 04101
207-775-2121 Office | 207-7752122 Fax
http://JohnHatcher.us
John@JohnHatcher.us

Monday, April 19, 2010

Low Inflation Benefits Mortgage Markets

Last week's economic data and comments from Fed officials painted a picture of a gradually improving economy with very low inflation. March Core CPI inflation rose at a tame 1.1% annual rate. This economic environment is favorable for bond markets, and mortgage rates ended the week a little lower.

While mortgage rates have dropped over the last two weeks, the move lower has not been a straight line down. Mortgage rates have been fluctuating sharply from day to day, and even hour to hour this month. Volatility in mortgage markets has increased significantly since the end of the Fed's MBS purchase program on March 31. With the Fed steadily in the market in just one direction (purchasing, but never selling), other investors were generally reluctant to take opposing positions. Now that the Fed is on the sidelines, the market has returned to more normal conditions, meaning that investors freely react to economic news and changing sentiment.

Last week's housing sector reflected improvement. March Housing Starts exceeded expectations, rising 2% from February to the highest level since November 2008. Housing Starts were 20% higher than one year ago. Building Permits, a leading indicator, also beat the consensus forecast. The April NAHB Homebuilder confidence index jumped to the highest level since September 2009 as home buyers take advantage of tax credits set to expire soon.

    Also Notable:
  • The Fed Beige Book report indicated improving economic conditions in all but one of the twelve regions
  • Bernanke stated that he expects the labor market to slowly recover
  • Goldman Sachs was charged with fraud on subprime mortgages by the SEC
  • The Dow stock index reached an 18-month high
This week, the economic data will be stacked at the end of the week. The Producer Price Index (PPI) focuses on the increase in prices of "intermediate" goods used by companies to produce finished products and will come out on Thursday. Existing Home Sales also will be released on Thursday. Durable Orders, an important indicator of economic activity, will come out on Friday, along with New Home Sales. Leading Indicators will round out the schedule Monday.

John Hatcher
Keller Williams Realty - The Hatcher Group
6 Deering Street | Portland, Maine 04101
207-775-2121 Office | 207-7752122 Fax
http://JohnHatcher.us
John@JohnHatcher.us

Sunday, April 18, 2010

Sweet Recipes

Recipe_1.tif
LEMON BREAD
Servings: 2 loaves Prep Time: 25 minutes Bake Time: 1 hour
For bread:
1 cup butter, softened
2 cups sugar
4 eggs, slightly beaten
1 teaspoon vanilla
2¼ cups flour
¼ teaspoon baking powder
¼ teaspoon salt
1 cup milk or buttermilk
3 teaspoons grated lemon rind
½ cup chopped walnuts (optional)

For glaze:
¼ cup sugar
1 tablespoon lemon juice

Preheat oven to 325 degrees. Grease and flour 2 loaf pans. Cream together butter and sugar. Add eggs and vanilla. Sift dry ingredients together, and alternate adding dry ingredients and milk or buttermilk to wet ingredients, mixing after each addition. Stir in lemon rind and walnuts, if using. Pour batter into pans. Bake 1 hour, or until firm to the touch. Prepare glaze by whisking sugar and lemon juice together. Glaze bread immediately and let cool in pans. Recipe by Laura Swayne. Photography by Kathi Inglesby.

See more HERE at Your Home and Lifestyle

John Hatcher
Keller Williams Realty - The Hatcher Group
6 Deering Street | Portland, Maine 04101
207-775-2121 Office | 207-7752122 Fax
http://JohnHatcher.us
John@JohnHatcher.us

Saturday, April 17, 2010

Choosing Your Outdoor Furnishings

It used to be that having a garden was all about choosing and maintaining the plants. But over the past few years, we’ve started to envision our gardens as much more than a place to toil.
As outdoor furniture lines have become more elaborate and weather resistant and new products and embellishments like patio heaters or fire pits have allowed us to linger outdoors even on a cool evening, our focus has definitely shifted.
Today, it’s all about garden style. A whole new attitude about relaxing in yards, on patios, or on decks is changing the way we design, furnish, and entertain in our exterior spaces, making it a true extension of our homes. Outdoor living means creating that extra living room to use when the weather is fine—for everything from just sitting with our feet up and reading a book to entertaining family and friends.
How you furnish your patio depends on your personal style and, of course, your budget. But there are so many materials from which to choose—from durable, sustainably farmed hardwoods and cast powder-coated aluminum to hefty wrought iron and rattan—in styles ranging from sophisticated to rustic and contemporary to traditional, that one will be just right for you.

Read more HERE at Home By Design

Friday, April 16, 2010

A Little Wariness Goes a Long Way to Prevent Identity Theft

Sitting at the computer to pay your bills, go shopping or do your banking is common. It's quick, convenient and oh-so-green.

But it's not without risks. And while most transactions go through seamlessly, you can unwittingly fall victim to full-blown identity theft, or just a subtle trickle of money from an account.

For Marika Rose, a Sacramento communications consultant, it happened so stealthily that it took years before she noticed.

In January, she spotted a couple of puzzling charges on her debit card statement. The amounts were small — $24.95 — and she'd seen them before, but always assumed they were for purchases she or her husband had made. Curious, she started looking back through old statements and found dozens of similar charges. When she called the company listed on the statement, Rose was told the monthly charges — which had been quietly increasing since 2007 — were for a "shopping membership" that she unknowingly signed up for while making an online purchase.

Digging deeper, she discovered her "membership" had sucked more than $1,100 out of her account in the past three years.

"I was shocked that in little increments, a company could siphon off so much from my checking account," Rose said. She assumes the membership fee got started from a pop-up window that she didn't opt out of.

Ultimately, the company reversed all the charges and she canceled her debit card. She also filed a dispute report with her financial institution.

Technically, Rose's experience isn't identity theft, which is the illegal use of personal financial information to commit fraud.

Read more HERE at RIS Media.

John Hatcher
Keller Williams Realty - The Hatcher Group
6 Deering Street | Portland, Maine 04101
207-775-2121 Office | 207-7752122 Fax
http://JohnHatcher.us
John@JohnHatcher.us

Thursday, April 15, 2010

MLS 5.0…Center of the Universe

New thinking, valuable technology services and a consumer-centered strategy will set the MLS of the future apart and increase its value perception as it begins to drive tangible benefits, such as brand exposure and leads, to its membership.

MLS 5.0 must then become a must-go-to hub from which members will launch into and conduct a number of their key daily business activities. By positioning itself as a central channel to brokers’ and agents’ operations, the MLS’s role as a critical business ally—and potentially indispensable value contributor to business success—would have achieved the ultimate goal.

The key enablers will be secure online access technologies coupled with important partnerships and online communities.

Read more HERE at RIS Media.


John Hatcher
Keller Williams Realty - The Hatcher Group
6 Deering Street | Portland, Maine 04101
207-775-2121 Office | 207-7752122 Fax
http://JohnHatcher.us
John@JohnHatcher.us

Wednesday, April 14, 2010

Federal Housing Administration to Accept DocuSign for Real Estate Contracts Nationwide

DocuSign, a leader in on-demand electronic signature solutions, announced e-signed third-party documents, including real estate contracts, are now being accepted by the Federal Housing Administration (FHA). DocuSign spearheaded an industry-wide effort to move the FHA to formally recognize e-signed third-party documents. The April 8, 2010 dated FHA mortgagee letter is the first in what is expected to be a series of responses to this initiative. With this policy statement from one of the nation’s largest mortgage insurers, real estate professionals can use DocuSign to get real estate contracts, addenda and other documents signed electronically, and their buyers can apply for FHA insurance with confidence. The FHA mortgagee letter can be found at http://nhl.gov/offices/adm/hudclips/letters/mortgagee/files/10-14ml.pdf.

“We commend FHA’s action. By clarifying its position on electronic signatures, the process of buying, selling and financing of homes across the country will be greatly improved,” said Ken Moyle, chief legal officer at DocuSign. “Buyers, sellers and agents can use DocuSign’s online process to eliminate the time, expense and environmental impact of printing, delivering and signing large stacks of paper documents, and mortgage lenders can take comfort in knowing that DocuSign’s e-signature process is designed for legal compliance in all 50 states and is fully evidenced by a comprehensive audit trail.”

Real estate agents can quickly access the DocuSign e-signing service from any laptop with Internet access, drag and drop familiar yellow StickEtabs onto the contract and send the envelope. The recipient immediately receives an e-mail notification that can be accessed through a computer or any Web-enabled mobile device, including Apple iPhone, RIM BlackBerry, Google Android or Windows Mobile, then adopts an e-signature and signs the document. Once completed, an e-mail notification is sent to all parties with a link to the final executed document. The result is a legally binding, fully ESIGN-compliant document supported by a comprehensive audit trail.

As on-demand software-as-a-service (SaaS), DocuSign requires no additional software or hardware purchases and no downtime for training. DocuSign eSignature service offers users one of the easiest, most simple to use and safest electronic signature experiences available today.

For more information, visit www.docusign.com.

Originally posted at RIS Media.


John Hatcher
Keller Williams Realty - The Hatcher Group
6 Deering Street | Portland, Maine 04101
207-775-2121 Office | 207-7752122 Fax
http://JohnHatcher.us
John@JohnHatcher.us

Tuesday, April 13, 2010

Guide Filled with Fun Summer Activities

Portland Recreation has released its Spring and Summer Program Guide, which includes information on programs such as summer camps and activities for children and teens, adult fitness and athletic leagues, and aquatic programs for all ages. These fun and affordable programs are great option for families looking for ways to enjoy the summer without breaking the bank. From Little Shin Kickers Soccer for four and five year olds ($32.50 for five weeks) to a cartooning class for seven to ten year olds ($32.50 for five week session) to Camps Play All Day Long or Camp Xperience for kindergarten through 4th graders ($150 per week), Portland Recreation has a program for children of all ages. Adults looking for fun activities can try out Zumba fitness classes ($10 per class), take yoga classes ($9 per class), or enjoy a summer swim at the Kiwanis pool ($4 entrance fee for adults).

The Spring-Summer guides are available at the following locations:

  • Portland Parks & Recreation Offices, 134 Congress Street
  • City Hall (1st floor Rotunda)
  • East End Community Center, Reiche Community Center and Riverton Community Center
  • All Portland Public Libraries

You can also access the guide online at http://www.portlandmaine.gov/rec/azparks.pdf. For more information about Portland Recreation programs available, call 756-8275 or email vla@portlandmaine.gov.


John Hatcher
Keller Williams Realty - The Hatcher Group
6 Deering Street | Portland, Maine 04101
207-775-2121 Office | 207-7752122 Fax
http://JohnHatcher.us
John@JohnHatcher.us

Help the Preble St Resource Center tommorrow night @ the spagetti supper

Baldacci to Serve Up Spaghetti to Help Preble Street

Please show your support! The spaghetti supper will be held from 5 p.m. to 8 p.m. on Wednesday, April 14, at the Italian Heritage Center in Portland. It's open to the public and the suggested donation is $5 per person -- or whatever attendees can afford.


Apr 9th, 2010
MPBN.net

Baldacci says he wants to help fill the financial gap created when the Catholic church pulled its funding from the program over the same sex marriage issue.


Gov. John Baldacci will be serving up some spaghetti next week in Portland to raise some money for Preble Street, a program that helps the homeless. Recently, the Catholic church withdrew more than $50,000 in funding for the program because of the agency's support for same-sex marriage.


Baldacci says the Diocese is within its rights to withdraw the funding, but he says the organization is a "vital resource and safety net for those who need help."


"In these tough economic times, it's more important than ever to support the efforts of Preble Street, which provides the homeless and the poor with a comprehensive array of services in the Portland area," he says in a statement.

The spaghetti supper will be held from 5 p.m. to 8 p.m. on Wednesday, April 14, at the Italian Heritage Center in Portland. It's open to the public and the suggested donation is $5 per person -- or whatever attendees can afford.


John Hatcher
Keller Williams Realty - The Hatcher Group
6 Deering Street | Portland, Maine 04101
207-775-2121 Office | 207-7752122 Fax
http://JohnHatcher.us
John@JohnHatcher.us

Monday, April 12, 2010

Rates Lower After Strong Auction Demand

Although last week's economic data was generally stronger than expected, it was overshadowed by solid demand for the Treasury auctions and intensified concerns about the economic situation in Greece, which helped mortgage markets. After reaching the highest levels since August, mortgage rates ended a little lower than where they ended the week before last.

Recent increases in yields on long-term fixed-rate securities such as 10-yr Treasuries and mortgage-backed securities (MBS) appeared to have been sufficient to attract investors. Very strong demand from both foreign and domestic investors for Wednesday's 10-yr auction pushed Treasury yields lower, and mortgage rates followed. Increasing the appeal, renewed worries about the fiscal situation in Greece caused investors to seek the safety of US securities. Comforting statements from Fed officials that they expect inflation to remain low for a long time also added to the demand.

In the housing sector, February Pending Home Sales jumped 8% from January, far exceeding the consensus forecast. Pending Home Sales are a leading indicator of housing market activity. The chief economist of the National Association of Realtors (NAR) considered the data to be a potential sign of a "second surge of home sales this spring". To receive the homebuyer tax credit, contracts must be signed by the end of April, which likely boosted the results for February. As buyers seek to take advantage of the program, March and April pending sales may show strength as well.

Also Notable:

  • Continuing Jobless Claims fell to the lowest level since December 2008
  • The Fed lowered its forecasts for inflation in 2010 and 2011
  • As expected, the European Central Bank (ECB) made no change in rates
  • The Dow stock index reached an 18-month high

The most significant economic data this week will be Wednesday's Consumer Price Index (CPI), the most closely watched monthly inflation report. CPI looks at the price change for those finished goods which are sold to consumers. The Retail Sales report will also come out on Wednesday. Retail Sales account for about 70% of economic activity. Industrial Production, another important indicator of economic activity, will be released on Thursday. Housing Starts are scheduled for Friday. The Beige Book, Import Prices, the Trade Balance, Consumer Sentiment, and Philly Fed will round out a busy week.

John Hatcher
Keller Williams Realty - The Hatcher Group
6 Deering Street | Portland, Maine 04101
207-775-2121 Office | 207-7752122 Fax
http://JohnHatcher.us
John@JohnHatcher.us

Sunday, April 11, 2010

City budget requires 'sacrifices'

PORTLAND — City Manager Joe Gray proposed a budget Friday that would eliminate 40 jobs, raise fees for trash disposal, kill a popular parking ticket forgiveness program and eliminate the Fourth of July fireworks.

And for the third year in a row, there would be no funding increase for the city's library system. Library officials told the staff Friday that they would close the Munjoy, Riverton and Reiche branch libraries.

Despite the personnel cuts for the year starting July 1, Gray's $196 million budget increases spending by $7 million and requires $900,000 more in property taxes.

When combined with the proposed school budget and county taxes, it would add 23 cents -- 1.3 percent -- to Portland's tax rate, raising it to $17.97 per $1,000 of valuation. The owner of a $200,000 home would pay $46 more in the coming year.

For three years, the city has struggled to maintain services while dealing with unprecedented revenue losses caused by the downturn in the economy, Gray said. It has eliminated more than 100 positions, and last year most employees agreed to a one-year wage freeze. Gray said it's harder now to find savings and avoid cuts in services.

"To bring this budget in with a $900,000 tax increase means that sacrifices need to be made by both residents and employees," he said in a written statement.

Gray's budget would eliminate 40 positions, 25 of which are filled. The targeted positions are in all departments, with the cuts proportional to the department's size.

In the Fire Department, two administrative positions would be eliminated. The Police Department plans to use new federal grant money to avoid layoffs.

Read More HERE at the Portland Press Herald

John Hatcher
Keller Williams Realty - The Hatcher Group
6 Deering Street | Portland, Maine 04101
207-775-2121 Office | 207-7752122 Fax
http://JohnHatcher.us
John@JohnHatcher.us

Saturday, April 10, 2010

For Your Clients: Official Credit Score Will Cost You, but Fake One Won't

Savvy consumers know they can get a free copy of their credit reports at AnnualCreditReport.com. But can you get a credit score for free?

No, you generally can't get your FICO credit score free. FICO is the brand name of the three-digit rating between 350 and 850 that most resembles what lenders will use to grant you loans.

But you can get a free "FAKO" score. These fake FICO scores come from credit-score simulators or off-brand scoring models, and they are useful for people who want to keep tabs on their creditworthiness without paying a fee.

—AnnualCreditReport.com: Starting Thursday, companies that try to trick you into paying for a service to see your free report must more clearly direct you to this official site from theirs. The federally mandated disclosure becomes required for all marketing, including TV and radio advertising, in September. Credit scores are based on data in your credit reports, which come from three companies: TransUnion, Equifax and Experian. You can get one free credit report per year from each of them by going to AnnualCreditReport.com.

—CreditKarma.com: You can pull a score daily. It is the TransRisk credit score based on your TransUnion report. The site sells no products but makes money from advertising and recommending products, such as credit cards and mortgages, based on information in your credit report. But it doesn't store or reveal to vendors your personal information, said CEO Ken Lin. Lin said your CreditKarma score should be highly correlated with your FICO score.

"There are literally hundreds of credit scores, and you're not going to be able to monitor all of them. So pick a scale, track it over time and that will give you a very good idea of what's going on in your credit report and your general creditworthiness," he said. CreditKarma.com also offers a score simulator, so you can assess how actions, such as opening a credit card, will affect your credit.

Read more HERE at RIS Media

John Hatcher
Keller Williams Realty - The Hatcher Group
6 Deering Street | Portland, Maine 04101
207-775-2121 Office | 207-7752122 Fax
http://JohnHatcher.us
John@JohnHatcher.us

Friday, April 9, 2010

Homebuyer Tax Credit Set to Expire

Attention shoppers: You have barely a month left before the homebuyer tax credit expires. First-time homebuyers may qualify for up to $8,000, while those who are trading up could get as much as $6,500. But either way, buyers have to ink sales contracts by the end of April and close before July 1 to see the refund. And this is absolutely, positively your last chance to claim the credit. (Probably.) So don’t wait, thinking the credit will be extended for a third time. There is little sentiment for continuing this program, especially because many consider the latest iteration’s results to be disappointing. Even the Senate’s biggest proponent of the homebuyer tax credit, Johnny Isakson, R-Ga., is ready to let it end. 'He has no plans to introduce legislation to extend the credit,' said Isakson’s spokeswoman. 'Part of the benefit of the tax credit was the urgency its sun-setting generated.' That urgency was less pronounced after the latest extension, which was enacted last fall. While the first version, which just covered first-time homebuyers, netted huge sales jumps, the real estate market slumped over the winter and early spring. That may be because some people believed that Congress would just keep adding time to the game clock, according to Nicolas Retsinas, director of Harvard’s Joint Center for Housing Study. That could have kept them home by the fireside instead of out house hunting. Source: CNN/Money

About one in every six Americans lives in a multi-generational household, up 30 percent since 2000, according to U.S. Census figures and a study released Thursday by the Pew Research Center. The study found that the economy is a primary driver of the trend, but there are other factors as well. Aging Americans are opting for home health care over nursing homes, and Hispanic and Asian immigrants come from cultures where multi-generational living is the norm. The Pew study and an examination of census data by AARP concluded that the most likely multi-generational scenario is a parent who owns a home and shares it with an adult child and a grandchild. In addition, older women are more likely than older men to live in a multi-generational household. Source: Associated Press

Originally posted the Franklin American Mortgage Company: Real Estate Report

John Hatcher
Keller Williams Realty - The Hatcher Group
6 Deering Street | Portland, Maine 04101
207-775-2121 Office | 207-7752122 Fax
http://JohnHatcher.us
John@JohnHatcher.us

Thursday, April 8, 2010

The Fed Pulls The Plug

We have talked about this for months. The Federal Reserve Board has finally reached the date in which they are no longer purchasing Mortgage Backed Securities. The devastation of the secondary market for home loans was one of the major effects of the financial meltdown which occurred over a year ago. The Fed took definitive actions to keep rates on home loans down as they also kept overall rates down while the government took many other actions to right the financial ship. Now the Fed is ready to see if the private markets will pick up the slack and allow home loans to be originated and sold on the open markets and at a price that will not halt the economic recovery, particularly in the real estate sector. Is this a non-event at this point?

Note that rates have already increased moderately in the past two weeks. There have been many explanations for this increase, including tepid response to government bond auctions. However, it is entirely possible that the tepid response was due to anticipation of this April 1 date. Now speculation moves to another level as it appears we will ponder as to whether rates will continue to rise and whether the Fed will start selling some of the hundreds of billions of dollars in bonds they currently own. Here is a quote from a recent article from the NY Times: 'No one expects the Fed to unload its holdings anytime soon, which would be reckless given the housing market’s fragility and the country’s high unemployment. But since the Fed now owns about 25 percent of the outstanding stock of bonds, any talk about actually selling should be a cause for greater concern than the Fed simply ending further purchases.' What will happen? No one actually knows. However, with rates still very low, housing prices down and the tax credit scheduled to end at the end of the April, this month could be the last of the great home purchase opportunities in history. The employment numbers just released for the previous month represent good news and the last minute rush to sell homes could be even better news.

Originally posted by the Franklin American Mortgage Company: Real Estate Report

John Hatcher
Keller Williams Realty - The Hatcher Group
6 Deering Street | Portland, Maine 04101
207-775-2121 Office | 207-7752122 Fax
http://JohnHatcher.us
John@JohnHatcher.us