Sales of existing homes jumped much more than economists expected in August in response to low prices and historic interest rates, according to the National Association of Realtors. Sales were up 7.7% month over month as the median home price fell 5.1% compared to last year. The National Association says increasing rents may be the cause […]
Investors Eye Real Estate as Stock Prices Fall
August 5, 2011 by
Have you payed any attention to the global economy lately? If not, you may have felt it in the form of your 401K or any other investment vehicles you may have. The stock markets have been falling significantly for the past couple of days and we’re not talking a few points here and there, yesterday the Dow […]
Foreclosures for sale: Big supply, low prices
June 22, 2011 by
A CNN article caught my eye which read the following: There’s a three-year inventory of homes in foreclosure for sale, and that’s devastating home prices. Las Vegas has so many foreclosures that 53% of all the homes sold in Nevada are in some stage of foreclosure, according to a report from RealtyTrac, the online marketer […]
Is The Sky Falling For Real Estate?
August 25, 2010 by
In case you missed it, the National Association of Realtors said demand for single family homes dropped to a 15 year low as existing homes sales dropped a record 27%, the largest month over month decrease since 1968. This comes as a surprise since many analysts expected a modest 13% drop. In addition to the drop in home […]
Next 6 Months: Best Real Estate Opportunity
August 18, 2010 by
Although many have been burned by the housing market within last 4 years, homeownership continues to be the best long term investment there is. Few people argue the benefits of owning your home versus renting as shown in a recent paper by the National Association of Realtors which listed the overwhelming social benefits of home […]
Are You Ready For A Double Dip?
August 13, 2010 by
There are many positive signs in the media that point to a steady recovery in the housing industry. A Union Tribune article showed San Diego home prices were up 12.4% for the month of May and went on to show that the City of San Diego stood in 2nd place when it comes to the […]
Killing the Housing Recovery One Bill At A Time
August 11, 2010 by
(Updated August 12th,2010) H.R.5981, a recently introduced bill will have some deep implications when it comes to the future of the housing recovery. This new piece of legislation will give FHA the authority to make changes to the current way of collecting mortgage insurance premiums. The Housing and Urban Development Agency announced their plans to […]
How Long Will Mortgage Rates Stay This Low?
July 16, 2010 by
Can you imagine interest rates at 18%? That’s where they were in 1981. That’s a $2,260 monthly payment on a $150,000 home. Wow! The same home today would cost about $800 a month. What a difference the interest rate makes. A key concern for economists right now is interest rates and how long they will […]
Real Estate A Generational Opportunity
July 12, 2010 by
With interest rates at ridiculous lows and affordability quite high, you may have been hearing that this is the best time to buy a home, an investment property or just about any real estate. I’ve even heard from some economists calling this a generational opportunity to buy, meaning this will be and is the best […]
THE REAL ESTATE BUSINESS HAS LESS TO DO ABOUT SELLING PROPERTIES AND EVERYTHING TO DO ABOUT HELPING PEOPLE.
