For many parts of the country, investment real estate was the one bright spot in an overall sluggish industry. Now, it appears that the investment real estate market is now declining. The renters that would be occupying the units in apartments, and other multi-family dwellings, are now moving in with friends or family, to help save costs from a slowing economy. This has resulted in vacancies in a lot of multi-family dwellings. A lot of this can be tied to job losses. Persons may have lost their homes due to a foreclosure, but now the economy is causing some of them to lose their jobs as well – the result is that they end up having to move in with friends or family instead of living in their own home. The one positive is that this has created some activity with many real estate investors selling their inventory to other real estate investors.
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What REALTORS owe Steve Jobs There are times to talk business. There are times to whine. And then there are times to simply pay our respects. With the passing of Steve Jobs yesterday, now is one of those times.As REALTORS, we tend to be in a hurry all of the time. We are dealing with this … [Read More...]
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Listing Syndication? Not for this Broker!
Curtis Reddehase, a real estate broker in Austin Texas recently wrote announcing his decision regarding Listing Syndication Attack of the 50 Foot Woman movie and why his brokerage will no longer be participating in that form of marketing. Several reasons were cited, but the 2 main reasons boiled down to: 1. He doesn’t want his [...]
Bigger, Better Home Buyer Tax Credit Taking Shape
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Keller Williams and CitiMortgage announce national mortgage pact
According to a Press Release by Keller Williams, KW and CitiMortgage have entered into an agreement to provide mortgages with reduced fees and a $1,500 on time closing guarantee. While this is not the first agreement of its kind in the industry, it is part of a growing trend among franchises. “Our goal is to [...]