Best Places For Real Estate Investments
July 11, 2008
This article details the best places to invest in real estate investments from a global perspective. Some of the stalwarts that have traditionally been safe bets during questionable real estate markets remain among the top of the list which includes New York and London. It also goes into detailed analysis for the Asia real estate markets, as well as some more commercial real estate investments such as office space. Basically the rankings are based on a variety of considerations and factors to determine their ranking - things like return on investment, potential risk or volatility, and numerous other items are all taken into consideration when selecting which places globally are the best places to invest for real estate.
Foreclosed Homes Rate Will Continue to Increase
July 5, 2008
An article detailing the prediction that no matter whom is elected as President, that the foreclosed homes rate will continue to increase. Both of the leading candidates (Obama, and McCain) have outlined their plans for addressing the homes foreclosures that are going on. But in order for those plans to succeed, mortgage lenders would need to eat losses that they may not be prepared to do. Quite simply: why should they take those big losses unless the government provides some sort of incentives for them to do so?
How to Flip Houses
July 2, 2008
An interesting profile of a real estate investor that buys houses on the courthouse steps, and then flips them for big profits. The story outlines what he does and how to flip houses. The biggest part of his job is knowing the market he’s in and educating himself on whats going on within his marketplace. And he keeps a cash reserve so that if things turn bad within his particular market, he can weather the storm and wait until the market improves.
When will YOUR real estate market recover ?
July 1, 2008
Great article about when will your real estate market recover? A couple highlights that will be touched on here are: First thing they recommend is what almost everyone already knows: real estate is local. Compare the information for what your market is doing locally, and then see how it fares relative to the national real estate perspective. Another item they cover is economics 101 which is: supply and demand. Find what the rate of absorption is for your area (i.e. how fast homes for sale are selling) which will tell you how quickly the homes that are coming on the market, are going off. Then, see how many homes for sale there are that are currently on the market. Take the homes for sale that is currently on the market, and divide it by the rate of sale - and that will tell you many months/years it would take to sell all of the homes on the market if no new inventory came on. Generally speaking, if there is more than 3-4 months of inventory on the market, its usually a buyers market. If there’s less, its usually a sellers market. The further out you go, the more strong that particular real estate market becomes.
5 Tips for Real Estate Foreclosures
June 30, 2008
Guidance outlining 5 tips for real estate foreclosures. Theres an old saying: money is made when you buy, not when you sell. And its true in today’s somewhat softer real estate market. Finding deals in real estate foreclosures can be tricky. There are many hurdles that you have to work around, over, and through to get the best deal. Some may have some preconceived perception that you are making money off of other’s persons misfortunes. In reality, the misfortune has already occurred. They wanted/needed to sell their home. They didn’t. And now they REALLY want to sell their home (or the bank wants to get out from under the deal). Either way, you are helping them take care of their situation.
How to Fix New Homes Sales
June 28, 2008
Interesting article on how to fix new homes sales - the solution: do nothing. The story points to various strategies utilized in the recent past to stimulate new homes sales. And it also points to the demand for assistance by many home builders across the United States for some sort of assistance in getting their homes sold but a lot of times, the solution creates its own myriad of problems down the road including persons that stretch themselves on speculation - which is exactly why there is a lot of the problems that are happening today.
Commercial Real Estate and Farms Buoy Economy
June 27, 2008
An interesting spotlight on a real estate market where commercial real estate and farms are buoying the economy. It provides a general overview of the residential real estate market (which is generally down overall), and provides a relative comparison to the commercial real estate market (which is generally up). Agriculture and farms were strong as well with an overall increase by as much as 25% for certain crops.
Shareholders Approve Countrywide Sale to Bank of America
June 26, 2008
Its now official: Almost 70% of Countrywide Mortgage shareholders have approved the sale of the company to Bank of America. Countrywide Mortgage was founded almost 40 years ago, and has been one of the major players in the real estate mortgage industry for years. It currently handles almost 1/6 of all real estate mortgages in the United States. The sale of Countrywide Mortgage to Bank America is expected to happen by July 1, 2008 and has a value of $2.8 billion.
Existing Homes Sales Up in May
June 26, 2008
Existing homes sales are up for the month of May by 2%. Great news for many parts of the country that are suffering through a tough real estate market. And another bit of good news - the amount of inventory (the homes that are for sale that are currently on the market), declined by 1.4%. Its not all roses though; The median prices for those existing homes declined by over 6% from the same time last year in 2007.
New Home Sales Decline in May
June 25, 2008
New home sales declined 2.5% in the United States in May. This is amidst the announcement by the Fed that they will not be making any adjustment to the interest rates - primarily due to concerns of inflation. Regardless, many markets across the country are showing strong despite the gloomy outlook on a national level. Referring to a real estate professional in your particular locale will help provide guidance for how your local real estate market is fairing.
Real Estate Quote of the Week
"I often hear remarks from agents like, “the bank sold that house really cheap - 30% below market value”. I don’t agree with that kind of statement. If various banks are the only sellers selling in an area and they are selling all of their houses at a perceived “below market” sales price - perhaps that IS the market for that product in that area. A good price fixes any of the various bad conditions. There is no good reason to take (or keep) a listing that isn’t going to sell."
Russell Shaw - in AgentGenius from Phoenix AZPolls
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