What Recovery? New Home Sale Plunge!
Tuesday, March 2nd, 2010 | Bank owned, Foreclosures, Real Estate Investing, Real estate short sales | No Comments
New Home Sales Plunge
By SARA MURRAY
Sales of new single-family homes plunged last month, underscoring the fragility in the housing market.
Sales dropped 11.2% in January from a month earlier to a seasonally adjusted annual rate of 309,000, the Commerce Department said Wednesday. The decline brought sales to their lowest level since the government began tracking the numbers in 1963. Sales were 6.1% lower than in January 2009.
Making sense of the foreclosure numbers
Tuesday, March 2nd, 2010 | Foreclosures | No Comments
From the NY Times:
IN gauging the severity of the foreclosure problem in New Jersey, the experts could hardly be farther apart. Some see the state as relatively unscathed at this point, with the situation about to improve; others see worsening conditions that may turn downright severe.
But then again these same experts are the first to admit that they are handicapped by extremely unreliable information. Real estate market analysts, lawyers, academics, public officials: there are clusters of them on either side of the debate.
Weekly Kick-Off
Monday, March 1st, 2010 | Uncategorized | No Comments
This Week’s Topics:
- Volcker: Hybrid Public and Private Mortgage Control a Bad Idea
- Underwater Homeowners Have Another Reason to Dread Tax Season
- Mortgage Rates Top 5% Mark
- Shadow Inventory Leads to Foreclosure Flood
- Can a Code of Conduct Counter Appraisal Corruption?
- 10 Things to Know About the HVCC
- No Short Sale on an REO, But Profit Potential Still There
Realtor Marketing Presentation Nets Medal-Worthy Profits in Colorado
Friday, February 26th, 2010 | Real estate short sales | No Comments
Approaching a realtor can be intimidating, particularly for the novice investor. But working directly with realtors can mean huge payoffs, and it’s less expensive than a direct marketing campaign. It requires more effort to approach a realtor than to do a direct marketing campaign, but today, 75% of properties in default are listed with a realtor. Your own marketing efforts may get you access to some of the remaining 25%, but why not go after the big 75%?
› Continue reading
“Big FAN of the Best Organization in Real Estate Investing”
Thursday, February 25th, 2010 | Short Sales | Comments Off
“I wanted to let you all know how much I appreciated SREC services. The professionalism. Attitudes, support, understanding, creativity, ingenuity, energy, and most of all… passion. I feel very fortunate to be in the Platinum Coaching. I’m a very big FAN of the best organization in real estate investing.”
-Joe Heffley
Lending Down, Troubled Banks Up
Thursday, February 25th, 2010 | Commercial Real Estate Investing | No Comments
From The Washington Post:
Troubled banking industry sharply reduced lending in 2009
Lending by the banking industry fell by $587 billion, or 7.5 percent, in 2009, the largest annual decline since the 1940s, as the number of troubled financial institutions rose sharply, the Federal Deposit Insurance Corp. reported Tuesday.
Just Like Mexico? Not Yet . . .
Thursday, February 25th, 2010 | Bank owned, Foreclosures | Comments Off
From the LAtimes:
A snapshot of income disparity
On the eve of our worst financial crisis since the Depression, the United States was — from an economic standpoint, at least — a less equal nation than at any time since the Gilded Age.
The sputtering recovery now underway is producing few, if any, jobs to replace those that have been lost. Meanwhile, a variety of factors continues to push wages and most salaries lower. Thus, we’re likely to emerge from this downturn with even greater disparities in income, wealth and effective tax rates, and the forces pushing us in that direction are particularly strong in Los Angeles County.
› Continue reading
Between Pre-Foreclosure and REO Lives the Short Sale Opportunity
Wednesday, February 24th, 2010 | Bank owned, Foreclosures, Pre-foreclosure | Comments Off
These days you can’t turn on the news without hearing the latest statistics and status of the housing foreclosure crisis. It’s everywhere, and not likely to go away anytime soon. But, do you really know what is involved with a foreclosure? Do you know what going into foreclosure means to the distressed homeowner? Let’s look at some of the basics, and also find out when is the right time for a real estate investor to jump on a short sale opportunity.
1/4 of All Mortgages are Upside Down
Wednesday, February 24th, 2010 | Bank owned, Foreclosures, Pre-foreclosure, Real Estate Investing, Real estate short sales, Short Sales, Wholesale properties | Comments Off
Feb. 23, 2010, 6:21 p.m. EST
11.3 million homeowners underwater on mortgage
WASHINGTON (MarketWatch) — More than 11.3 million homeowners — nearly one-fourth of all Americans with a mortgage — owe more on their loan than their home is now worth, according to a report released Tuesday by FirstAmerican CoreLogic.
More than 10% of people with mortgages owe 25% more than their home is worth.
Recent Posts
Categories
