Senate Approves Home Mortgage Rescue Plan
July 14, 2008
The Senate approved a home mortgage rescue plan for those homeowners that are attempting to stay out of foreclosure. The belief and motivation behind such a plan is that if those homeowners did end up defaulting on their home mortgages, that it would further exacerbate the already soft national real estate market. It is hoped that such aid will help cause a faster turn around for the real estate industry by providing Federal Housing Administration (FHA) loans that would be more affordable to those home owners in need. The amount approved is a whopping $300 billion, which would assist potentially as many as 400,000 home owners.
Syms Clothing earns more from Real Estate than Clothing
July 11, 2008
Real estate remains a good investment, particularly for Syms clothing. The CEO of the store recently announced to its shareholders, that Syms Clothing earns more from real estate than from clothing. The company had approximately $2 million in income from its real estate ventures, and yet only saw a little over $800,000 in profits from clothing sales. Despite that admission, the CEO insists that Syms is not a real estate investment trust (REIT).
Australia may be entering softening real estate market
July 11, 2008
Over the past several decades, Australia has looked very favorable on real estate investments, and particularly the operating entities for those investments known as real estate investment trusts. But it appears that the softening real estate market in the United States, is starting to spread. Australia may be entering a softening real estate market. Several of those Australian real estate investment trusts are now cutting earnings, and their share prices are plummeting. Some long standing and reputable groups have cut as much as 25% off of their earnings forecasts for the year. Hopefully its a momentary pause for what has traditionally been a safehold for many real estate investors.
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.
Real Estate Quote of the Week
"Sellers, you don’t have to concede to every buyer demand. But think about at least cooperating. Look at what the impact to your bottom line is. Work with the people that are telling you they want to buy your home.
Don’t be silly."
Jay Thompson - Thompson's Realty Phoeniz AZPolls
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