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NARREIA and Local Investment Club featured in
2008-04-24 00:00:00
NARREIAs CEO, Sean Brown was featured in an article regarding the Las Vegas Market in the local newspaper "In Business." Also featured was Glenn Plantone, leader of the local real estate investment club. Interestingly enough, the material from the article was taken directly from a market condition report that was posted on the NARREIA site. NARREIA is one of the few sources for real estate investment articles for Google News. The article can be found here.
More About: Investment , Local , Club , Featured

Las Vegas Real Estate Market Report: 4/23/08
2008-04-24 00:00:00
Las Vegas Real Estate Market Report: 4/23/08 This is the latest Las Vegas Real Estate Market Report from www.NARREIA.com (
More About: Las Vegas , Real Estate Market

Fiesta time in San Antonio
2008-04-21 00:00:00
Its Fiesta time in San Antonio , and we have lot to celebrate: namely, a thriving economy and a stable real-estate market. Metrostudy even projects 5% to 6% price growth for 2008. A recent news item from the Texas Real Estate Research Center has this to say about the San Antonio economy: San Antonio continues to see better than average job growth compared to the rest of the nation (2.1 percent in 2007). Additionally, there are a number of major projects underway that will keep the construction industry humming for the next few years while promising many new permanent jobs in the near future, according to Dan Gostylo, a principal/broker with Providence Commercial/CORFAC International in
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Panhandle of Florida-Summer is Bringing More Attention
2008-04-21 00:00:00
>Summer is here and people are looking once again.  The Second Home market in Destin,
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BIZJOURNAL NAMES RALEIGH, NORTH CAROLINA AS ONE OF COUNTRY?S 10 SMARTEST M
2008-04-21 00:00:00
This month BIZJOURNALS included RALEIGH in its profiles of the 10 SMARTEST METRO AREAS in the country. Raleigh is one of 8 metro areas where at least 40% of the residents have at least a Bachelors Degree. Bizjournals reports that a more educated work force boosts the economic strength of the nation?s metro areas. We have certainly seen that in the Raleigh area. Not only does an educated workforce have more income to spend and invest, they also attract employers that provide more job growth. These dynamics help feed the vitality we are experiencing in the Raleigh and Wake County area. For real estate investors, it is one more indication of the continuing stability and economic str
More About: Country , North Carolina , North , Carolina

AZ Short Sales
2008-04-21 00:00:00
This isnt really a report in the traditional sense but I wanted to let Arizona real estate investors know that I have connected with a group that is actively buying short sale properties. So, if you are seriously thinking about a short sale or are facing foreclosure, please feel free to contact me and Ill see if there is a possibility of this working for all parties. Hopefully this is not your situation because you are a member of NARREIA and did your homework prior to buying an investment property. But things can change quickly and if this is your situation, there is a good chance that I can help.
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Increased Activity
2008-04-21 00:00:00
Heating Up??the Market and the Temperature! It is early Spring in the Las Vegas Valley and the weather is beautiful (72 and sunny as of this writing). Everybody knows the temperature will heat up in the months to come, but what about the real estate market? I can?t speak for other markets ? I went on a road trip to northern Michigan last fall and I think it will be awhile for them. I?m here to talk about the market in Vegas, and I?m guardedly optimistic about the market here. There is some very exciting stuff (to me anyway) going on right now. The bad news is that if you are attempting to sell your home, you better be able to compete with foreclosure pricing, or you a

Las Vegas Real Estate Market Report: 4/16/08
2008-04-17 00:00:00
Las Vegas Real Estate Market Report: 4/16/08 This is the latest Las Vegas Real Estate Market Report from www.NARREIA.com (
More About: Las Vegas , Real Estate Market

Private Investment Is Key to Rebuilding The Gulf Coast
2008-04-17 00:00:00
On a recent visit to Mississippi I met with some very smart people to discuss the recovery efforts along the Gulf Coast . This effort has been going on for nearly 3 years after Katrina. We all agreed that the job creation efforts were having a real impact on the local economy. We also agreed that the rebuilding of the affordable housing stock was gaining momentum but is seriously lacking. Think about these numbers. By most accounts the Gulf coast needs a minimum of 80,000 affordable housing units. If we see numbers of homes being build at let?s say 2,000 units per year that would mean that in 40 years the current demand would be met. That is right 40 years. This assumes that the dema
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RALEIGH: FORBES #1 AGAIN
2008-04-17 00:00:00
Forbes has yet again placed Raleigh on top for Business and Careers: http://www.forbes.com/lists/2008/1/bestpl aces08_Best-Places-For-Business-And-Caree rs_Rank.html While I could careless as a kid, I think one of my favorite books today would have anything to do with The Hare and the Tortoise. Raleigh is just that, the tortoise. While the rest of the nation was screaming skyward (not a whole lot different than Icarus - the boy with wax wings that flew too high and the sun melted his wax wings subsequently falling to the earth), Raleigh has maintained a manageable level of growth and more importantly for those of us invested in the market has not succumbed to the same ills of the n
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Las Vegas Real Estate Market Report: 4/9/08
2008-04-10 00:00:00
Las Vegas Real Estate Market Report: 4/9/08 This is the latest Las Vegas Real Estate Market Report from www.NARREIA.com (
More About: Las Vegas , Real Estate Market

AZ: Remembering 1996
2008-04-10 00:00:00
Real estate investors will find this new report from ASU interesting reading... Greater Phoenix resale numbers for March spring back to 1996 MESA, Ariz. ? March is typically an indicator for the coming resale home season, and with 4,335 recorded sales it?s showing signs of a continuing weak market. Even though it is an improvement over the 3,750 sales of February, it is significantly below last year?s 5,385 sales and is the lowest March since 1996, with 3,270 sales. Although the year has been continually improving since January (3,350 sales), the year-to-date total of 11,395 sales is below last year?s 14,190 sales. While there are many problems rising out of the h
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Raleigh region gains 47,000 people from 2006 to 2007
2008-04-10 00:00:00
Investors looking for a place to buy residential real estate will appreciate the opportunities offered in Raleigh , North Carolina and Wake County. According to the U.S. Census Bureau the Raleigh region was America?s third fastest-growing metro area from 2006 to 2007. The 4.7 percent growth rate was the 12th fastest in the nation by number of people ? 47,052. The Raleigh region includes Wake, Johnston and Franklin Counties. Additionally in January, 2008 home prices in Raleigh rose 3.6 percent compared with the year before! During the same period the Standard & Poor?s/Case-Shiller home price index of 20 cities fell 10.7 percent in January of 2008 compared with January last
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Just a note to everyone
2008-04-10 00:00:00
Hi. I sometimes find that some buyers and other professionals dont always respect the agents they work with. It is easy to denigrate other professions and professions you do not know. This is just a short note to let you know how much brokers are required to know in this day and age. I just printed up a listing for tomorrow. One listing on one house. The paperwork required by the State at this time is 20 pages. 20 pages of required paperwork to list one house. That is just the required forms. That is not the comparables or letters or any other paperwork. I have to fill out 20 pages of forms for one listing. I only bring this up because I tried to help out a family member by f
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Fragmented and Falling...
2008-04-10 00:00:00
Fragmented and falling. Those two words describe the Denver Real Estate market. Some subdivisions are doing ok while others are falling and falling and falling. It is impossible to understand a market as large as Denver. We have some areas that have awful schools and lots of bad loans. These areas are dropping in value and there seems to be no end in sight. Other areas are holding their values and are still great places to buy. There is kind of a basic rule that all real estate investors should always follow, and I should interject that we are all real estate investors. The fact that your house might be owner occupied doesnt mean that your home is not an investment. We are a

AZ Property management: Gorenter.com
2008-04-10 00:00:00
If you are an out of state real estate investor in Arizona, chances are that you are using a property management firm. Here is information about Gorenter.com that is important to read if this is the property management firm that is handling your rentals: AZ Dept. of Real Estate orders Gorenter.com out of real estate The Arizona Department of Real Estate has ordered the founder of property management company Gorenter.com, Mark Bosworth, to get out of the real estate business. Its the state agencys Commissioner Sam Wercinskis second cease-and-desist order since he took over the helm of the Real Estate Department a little over a year ago. ?I take these orders very seriously,
More About: Management , Property

Dallas - Fort Worth Real Estate Investment: Record Growth!
2008-04-10 00:00:00
Greetings from Dallas -Fort Worth! While real estate prices have tanked in many of the red-hot markets of the early 2000s, Dallas-Fort Worth remains the consistent, sustainable and safe real estate investment for your future. Compared to markets such as Miami, Las Vegas, Orange County or Phoenix that have experienced DOUBLE DIGIT DECLINES (Click Here for Article on Real Estate Depreciation), Dallas-Fort Worth and Texas Real Estate Investment on the whole has seen steady 7-10% appreciation in select targeted pockets! Dallas-Fort Worth is one of the most diverse economic cities in the country. With its low cost of li
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Las Vegas Real Estate Market Report: 4/2/08
2008-04-04 00:00:00
Las Vegas Real Estate Market Report: 4/2/08 This is the latest Las Vegas Real Estate Market Report from www.NARREIA.com (
More About: Las Vegas , Real Estate Market

RALEIGH: Forbes Says it Again
2008-04-04 00:00:00
Forbes has put NC and Raleigh at or near the top of yet another list. As for the foreclosures, keep in mind this is not based on a slumping economy but rather foreclosure opportunities located in a booming one. Again, Raleigh isnt the same size as Charlotte and so didnt make the Case/Shiller list, but the Raleigh-Durham has been running on nearly all cylinders and price growth has increased 3.9% from Jan 07 to Jan 08. See my other article titled RALEIGH: 3.9% price increase - Shift Happens. Hot Off The Press: Forbes: Daily Real Estate News | March 24, 2008 Best Places to Get Foreclosure Deals In markets where housing appears to be stabilizing, buying a foreclosure could b
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Charlotte is the ONLY Market in the US with a Positive Sales Value Increase
2008-04-04 00:00:00
The Great news is that the Charlotte Region continues to be the spot for Real Estate Investing. Just a couple days ago, the report came out that Charlotte has not only CONTINUED to have climbing house prices, however Charlotte was the ONLY market in Standard & Poors/Case-Shillers Home Price index that went up AGAIN in the latest results. Places like Vegas, Miami, and Phoenix and San Diego all saw their values DROP up to 19%!!! This is more GREAT news for Investors as we continue to provide Cash Flowing Properties are Great Prices, located here in Charlotte (did I mention the ONLY market that AGAIN has increased in sales price in the entire United States?). It has been amazing as our c
More About: Market , Sales , Positive

Anaylsts predict Las Vegas housing slump reaching the bottom
2008-04-04 00:00:00
Interesting article in todays Las Vegas Review Journal... http://www.lvrj.com/business/17044766.htm l
More About: Housing , Bottom , Predict

RALEIGH: 3.9% price increase - Shift Happens
2008-04-04 00:00:00
Headed into this year I wasnt sure what would occur. We have made contingency plans and are acting accordingly. The only way the headlines could have been more to the point is for them to have declared the "Sky has fallen". If you are living in the West or even the Northeast you probably feel that it has. HOWEVER, the News&Observer published an article TODAY (3/27/08) and I read a startling stat: "Sales of new homes dropped the most in the Northeast, by 40.6 percent, and fell 6.4 percent in the Midwest. Sales rose 5.7 percent in the South and 0.7 percent in the West." Sales in the South ROSE 5.7 percent. BUT THERES MORE, check this out Raleigh prices increased: "US Home Pric
More About: Price , Shift

Las Vegas Real Estate Market Report: 3/26/08
2008-03-28 00:00:00
Las Vegas Real Estate Market Report: 3/26/08 This is the latest Las Vegas Real Estate Market Report from www.NARREIA.com (
More About: Las Vegas , Real Estate Market

San Antonio heats up for spring
2008-03-25 00:00:00
San Antonio is still a great place to invest for income and long-term appreciation. According to the latest figures, it is a buyer?s market, with a little over 6 months of inventory for single-family homes. New-home builders are expected to have sold all their inventory by the end of the year. Foreclosure levels are high, but not at record highs considering the number of homes sold. Sales prices have come down, especially for homes in poor condition and/or priced under $150,000, but with spring the market is already starting to pick up and homes in all price ranges are selling. So it?s a great time to buy a rental property or a distress property to rehab for what I call a ?slow flip?
More About: Spring , San Antonio

Austin Real Estate Still Bucking National Trends!
2008-03-25 00:00:00
UPDATE: Austin homes prices up 8.6%! Home prices in Texas -- especially in Austin and nearby locales such as Cedar Park and Round Rock-- have defied the overall downward trend seen in other U.S. housing markets, according to a study by First American Loan Performance. Recently, from Entrepreneur Magazine, we read this about Austins potential in 2008: The Top Places to Buy....Whether youre an investor like me or youre looking to purchase that next move up, here are my picks for the best areas to buy a home: Killeen, Round Rock, Austin, Texas: "....Round Rock and Austin have seen incredible job growth and very stable home prices despite the downturn nationwide. Jobs continue to gr
More About: National , Estate , Real Estate , Trends

The Sub-Prime Meltdown Timeline
2008-03-25 00:00:00
Rich Warren, one of NARREIAs members and a published rehabbing expert sent over an article from the BBC that gives a good, simple timeline of how the Sub-Prime market collapsed. Below is the general text of the article, but you should visit the original article to follow the links to the full stories. The original article can be found at http://news.bbc.co.uk/2/hi/business/70968 45.stm.
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Infamous Quotes From the Past
2008-03-25 00:00:00
# "The prices of houses seem to have reached a plateau, and there is reasonable expectancy that prices will decline." (Time, December 1, 1947) # Houses cost too much for the mass market. Today?s average price is around $8,000?out of reach for two-thirds of all buyers." (Science Digest, April, 1948) # "The goal of owning a home seems to be getting beyond the reach of more and more Americans. The typical new house today costs $28,000." (Business Week, September 4, 1969) # "The era of easy profits in real estate may be drawing to a close." (Money, January, 1981) # "The golden-age of risk-free run-ups in home prices is gone." (Money, March 1985) # "Most economists agree? [a home] will be
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Time Magazine Gets it!
2008-03-25 00:00:00
You may have missed this last month, so Im uploading it for your viewing pleasure. It is encouraging to see main stream news media get on board. You will see an in-depth analysis on the Northern Virginia market in my next report this week. Thursday, Feb. 14, 2008 Ignore the Headlines By Dan Kadlec Famed Money Manager Peter Lynch is perhaps best known for his timeless wisdom that you can beat the pros by focusing on stocks of companies where you either work or shop or have some other edge. But a more relevant Lynchism today is this gem: Ignore the headlines. Thats no easy thing. How do you tune out all the chatter and ink on recession, housing, subprime woes, the cr
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Current Price of FNMA 5.5% Bond: $101.38, +69bp
2008-03-25 00:00:00
Current Price of FNMA 5.5% Bond : $101.38, +69bp MMG Update - Wednesday, March 19, 2008 10:15am ET Current Trend Direction: Beyond Volatile Risks favor: Cautiously Floating Current Price of FNMA 5.5% Bond: $101.38, +69bp Strap on your seat belt again for another wild volatility ride. Mortgage Bonds, which were trading 88bp higher early in the day, have already given back a large portion of those gains. Pricing continues to change very rapidly. Some big news from the Office of Federal Housing Enterprise Oversight (OFHEO), which just announced that they lifted special capital restrictions that had been put in place for both Fannie Mae and Freddie Mac. This will allow these firm
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Forbes Ranks Raleigh #1 for Business and Careers ? AGAIN!
2008-03-25 00:00:00
For the second straight year, Forbes has ranked Raleigh #1 on its Best Places for Business and Careers list. The upcoming April, 2008 edition of Forbes magazine will contain the ranking of the ten top cities and Raleigh, North Carolina tops that list. An excerpt from Forbes.com follows: "Common themes for the business-welcoming metros include solid job growth, an educated labor supply and low business costs. Interestingly, six of the 10 metro areas are anchored by capital cities; maybe lobbyist spending boosts an economy. Topping the list for a second straight year is Raleigh, N.C. Business costs are 14% below the national average, and the area boasts one of the most ed
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