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NARREIA Member Rich Warren Publishes Book on Rehabbing
2008-03-25 00:00:00
One of NARREIAs most prominent members, Rich Warren , has published a book on rehabbing. Rich has been with NARREIA almost from be beginning and he cites NARREIA as a major influence on his work in Ely, Nevada. Richs ties with NARREIA are so strong that he had NARREIA CEO Sean Brown write the forward. The book also features Tamara Bostrom, another NARREIA member, and her recent rehab project in Las Vegas. The official press release for the book is included below. Congrats, Rich! *************************************** (Las Vegas, NV, March 1, 2008)? iUniverse, Inc., the leading provider of publishing technology solutions for authors, announced today that A Rehabber?s Tale, T
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Could it be?: DEMAND IS BACK in Las Vegas
2008-03-21 00:00:00
Ive been holding my tongue for a few months, waiting until I had a good, consistent record to point to, but it seems that demand has returned back to Las Vegas . I would definitely not say that were out of trouble, but the data is very clear that the demand in Las Vegas has returned, especially in the sub-$500,000 market. If you are unaware of our free market condition reports, I highly encourage you to use the menu above and go to Advisors & Reports >> Market Data. There you will find an incredible wealth of data that has been conveniently plotted out in charts and graphs, all thanks to Jerry Rudden, our Market Data Coordinator. Jerry has done some incredible work tracking this data for
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Bayside Park Project Picking up momentum
2008-03-20 00:00:00
Mississippi Gulf Coast affordable housing construction picks up steam Bayside Park developer surpasses 100 unit Milestone "Housing is our number one issue, no doubt about it, particularly if you consider there are going to be 30,000+ new casino employees by 2010. Every casino job creates 1.5 ancillary jobs. We need 70,000 housing units just to get to square one. The truth of the matter is were going to need 100,000-plus housing units.? Ricky Mathews, Vice Chairman Governors Commission on Recovery, Rebuilding and Renewal. After more than two years of cleanup the Mississippi Gulf Coast is emerging as a bright spot in the U.S economy. Yet there remains a tremendous need for afforda
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Las Vegas Real Estate Market Report: 3/19/08
2008-03-20 00:00:00
Las Vegas Real Estate Market Report: 3/19/08 This is the latest Las Vegas Real Estate Market Report from www.NARREIA.com (
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What's New and What's Hot Now that the Season Is Back in Full Swing
2008-03-20 00:00:00
Theres a lot going on in the Panama City Beach 
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Heating Up
2008-03-20 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
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Las Vegas Real Estate Market Report: 3/12/08
2008-03-13 00:00:00
Las Vegas Real Estate Market Report: 3/12/08 This is the latest Las Vegas Real Estate Market Report from www.NARREIA.com (
More About: Las Vegas , Real Estate Market

A Compressed Market.
2008-03-13 00:00:00
A compressed market. I love this term. It describes some real estate markets to perfection. The market may be tough in the $300,000 to $370,000 range. It may be tough in the $500,000 to the $700,000 range. It may be tough in almost every price range in your city, but, possibly, the lower end market is still holding its own. Properties that are price from $170,000 to $194,000 are not dropping in price. This is an example of a compressed market. All of the pressure from the top is pushing down on all of the houses below, but the house that is in good shape for $182,000 is still selling. Everything is "compressed" onto the house at $182,000. A home for $280,000 may have to be reduce
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Development and Real Estate Investment opportunities still strong in Raleig
2008-03-13 00:00:00
While the real estate market has slowed somewhat in the Triangle, its impact has not been as stifling as it has been in other parts of the country. Confidence in the area has remained strong and developers are continuing to build. A recent article in the Raleigh News & Observer reported on 2 large developments taking place in the Triangle area. One is a 2,400 unit development going up to the west of Raleigh and the other is a 4,000 unit housing community east of Raleigh. The builders cite the reasons for their confidence in developing and investing here are the strong economy, continuing job growth and the quality of life which continue to attract people to the area. A recent example
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Crispy Creme Donuts and Real Estate...
2008-03-13 00:00:00
I was sitting at the Crispy Creme Donut Shop just off of County Line Road, on the south side of town. We were relaxing, and the manager was so incredibly nice. We received a few free donuts, and then we talked him into double cooking a special donut for me. This meant running a donut that had already been cooked through the machine again. It was cooked a little more and it was so rich it was almost ridiculous. What a donut. As I sat there with my son, his wife, and my wife I got to thinking about our business and the stresses and troubles we are all going through. This market is really tough. It is hard to be nice to some of the customers we run into. Some of the real estate invest
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Arizona: Sales Rise
2008-03-13 00:00:00
Real estate investors who have purchased in Arizona will find this news encouraging. Here is an interesting article from ASUs Realty Studies. Greater Phoenix resale market numbers rise slightly in February MESA, Ariz. ? February is a short month, and it is traditionally not a strong month for home sales. With 3,710 recorded sales, the resale home market did improve over January (3,350 sales), but was behind last year?s 4,280 transactions. This year?s numbers are very comparable to the 3,885 of February 2001. Even with some improvement, the traditional home-buying season has just begun, with hope for better results appearing in the March and April recorded transac
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Affordability will further enhance Texas population boom!
2008-03-13 00:00:00
As real estate markets around the country continue to tank and while other markets remain excessively expensive for the average median income/household, Texas will continue to dominate as an affordable alternative. Texas economy is diverse. Our climate spans everything from warm sunny beaches to mountains, from piney woods to rolling plains. Below is an article describing why affordability will precipitate an even larger population boom throughout Texas. Texans Hold Winning Hand in High?Stakes Real Estate Game: CLICK HERE!
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Raleigh-Durham- Slow and Steady Wins the Race!
2008-03-13 00:00:00
Hello all, I thought it prudent to forward a quick update on the Triangle (Raleigh -Durham ) market. Inventory is currently at a higher level than the prior year, but is tapering off. Although the number of home sales has dropped, surprisingly, the average sales price is up. No gaping numbers with regard to appreciation, but the area still falls within the appreciation in which it has fallen over the past 5 years. Further proof that ?slow and steady? does win the race afterall! Read more at: http://www.bizjournals.com/triangle/stori es/2007/12/10/daily44.html?jst=s_cn_hl
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AZ: #2 Fastest Growing States in 2007
2008-03-13 00:00:00
Well, in the mode of every cloud has a silver lining, here is some news that Arizona real estate investors may find somewhat encouraging: people ARE still moving to AZ! Here is an article from the PHX Business Journal that explains the growth in AZ, where it appears that were still in the top 5 for domestic moves and ranked #2 for the fastest growing states. The primary negative impact appears to be the difficulty in selling an existing home in other states to relocate to AZ. "Migration to Arizona from other states declined 34 percent last year, but the state still ranked in the top four for domestic moves. More than 90,000 residents moved to Arizona from other states
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Las Vegas Real Estate Market Report: 3/05/08
2008-03-07 00:00:00
Las Vegas Real Estate Market Report: 3/05/08 This is the latest Las Vegas Real Estate Market Report from www.NARREIA.com (
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Raleigh-Durham Market Defies Housing Trends
2008-03-07 00:00:00
In recent months, markets across the US have witnessed a slew of reports about the softening of the real estate market. The news is much different in the Triangle Region of North Carolina (Raleigh , Durham , Chapel Hill and surrounding areas). According to research conducted by the National Association of Realtors, new home sales and existing home sales in North Carolina were both up from their 2005 numbers, a glaring difference from the downturn witnessed in many other US locations. These factors, alongside a very affordable housing market lead the long list of reasons why investors across the US are refocusing their energies on the Triangle Market . Reasonable housing costs and a w
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Triangle (NC) Market Trends: 2006 Year in Review
2008-03-07 00:00:00
In reviewing the market trends over the past 12 months in the Triangle area (Raleigh, Durham, Chapel Hill), several noteworthy items surfaced which highlight the steady growth in this vibrant metro area. To start: 1. Resale closings of existing homes were up 11% over this 1 year period. 2. The average sales price for housing across the counties was 225k (Orange County ? Chapel Hill posted the highest average price and appreciation over this timeframe). 3. New housing starts and commercial development remained strong. Although average days on the market for typical homes in the area averages just under 3 months (~72 days), the inventory on hand continues to absorb steadi
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Triangle (Raleigh-Durham-Chapel Hill) Resale Market Remains Strong!
2008-03-07 00:00:00
Yes, the resale market in the Triangle (Raleigh , Durham, Chapel Hill ) remains strong, and projections for the spring market are even more optimistic than in years past. New construction continues its steady growth with several local and regional builders initiating projects in high-demand areas (South Durham, North Raleigh, and surrounding townships). Days on Market hasnt moved much from its 2.5 month average and inventory is in balance. In addition, recent 3rd party praise from notable sources is spurring relocation interest in the Triangle from career seekers and retirees; two demographics that are playing a large role in the growth of this region. First, is Forbes in their

Charlotte #1 in the US in 2007 In Home Value Gain
2008-02-29 00:00:00
While values slowed during 2007 across the US, ONLY three (3) markets finished the year in the positive: Portland, Seattle and CHARLOTTE. Charlotte was the best with a 2.3% increase, the highest in the US. Charlotte did also finish the year on a strong trending note as fourth (4th) quarter of 2006 to fourth (4th)quarter of 2007 actually showed a six (6%) percent rise. Charlottes economy stays strong and the commercial building and growth is phenomenal. Class A Office Space is being built as fast as developers can build it and it is virtually all pre-leased before being finished. The Bio-Tech Center development continues on schedule and the accolades are already coming for this dev
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Las Vegas Real Estate Market Report: 2/27/08
2008-02-29 00:00:00
Las Vegas Real Estate Market Report: 2/27/08 This is the latest Las Vegas Real Estate Market Report from www.NARREIA.com (
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Reality Check for San Antonio Real Estate Market
2008-02-27 00:00:00
The majority of the country has gone through such a strain in the real estate market, that it is difficult to imagine that there are any HOT SPOTS in real estate in the country right now. However, Texas has faired fairly strong throughout the ?dog bath? of 2007. Even closer to home, San Antonio has had headlines touting a ?Healthy and Steady Market ?. Overall, from a broader perspective that is true! However, different pockets of San Antonio have been hit hard while other sections have not been phased by the economic downturn. Why hasn?t San Antonio felt the ?pain? of the rest of the country? Number one reason is the strong local economy and the job growth in San Anton
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Pay bills when Flipping Houses in San Antonio
2008-02-27 00:00:00
If youre going to buy and flip houses in San Antonio , be sure to pay your contractors and appraisers. The star of Flip This House, Armando Montelongo, is accused of not paying his appraisal bills for the properties he bought to rehab. Heres the story from the local newspaper site: MySanAntonio.com
More About: Houses , Flipping , Flipping Houses

Some Cities Are Spared the Slide in Housing
2008-02-27 00:00:00
Heres a great article that I feel very good about; it echoes the message Ive been touting about Austin for the last few years and through the whole Real Estate Bubble drama. Its a good feeling for us being inside our working Real Estate Market--when new "stories" like these sound like old news to our clients who have trusted us with their home purchases and investing needs. Feel free to contact us for a more in depth investing perspective on Austin...Custom tailored to your goals! You can reach us anytime at 512-633-7080. Read on! NEW YORK TIMES: AUSTIN, Tex. ? The real estate market these days is a tale of two Americas, and one of them is not doing too badly. In th
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Pier Park is Now Open!
2008-02-27 00:00:00
NEWS AND NOTES FROM PIER PARK - FEBRUARY 15, 2008 Thanks to our Friends at PCBDaily.com we have a lot of information to share on the new retail space at Pier Park .  Out on the Boardwalk?Several new stores have opened this week at Pier Park, Simon Property Group?s new 900,000-square-foot retail and entertainment lifestyle center located in Panama City Beach, Florida. Nearly 20 stores officially opened to the public on Valentine?s Day and experienced strong sales with heavy foot-traffic. Even more retailers are expected to open this weekend. Nothing Small About It?Georgeann Smith and Brandy Lister, co-owners of tatoe tots? this !
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ON THE RADAR: Alpine, WY: Jackson Hole's Bedroom Community
2008-02-21 00:00:00
We just got word that a major road improvemet will make Alpine seem a lot closer to Jackson Hole. Jackson Hole is a destination city with breath taking views and incredible skiing and other outdoor activity. Alpine (alsk known as Alpine Junction) is only 51 miles away, but it takes over an hour to drive between the cities because of the roads. The road improvement should reduce the commute time to less than 30 minutes, making Alpine a true bedroom community for Jackson Hole. The improvement is part of the Snake River Corridor Project, most specifically the segment between Hogback Junction and the Palisades Reservioir (Alpine). Houses in Jackson Hole start in the $500,000s, while homes
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ON THE RADAR: Mexico Beach, FL: The next up-and-coming area in Florida?
2008-02-21 00:00:00
When Ivan roared across the Pensacola/Destin area in the far western end of the Florida panhandle last year, investors flocked to pick up bargains in the wake of the fifth hurricane to hit the state. Thinking the locals had finally had enough, they thought theyd cash in on people fleeing the unpredictable inclement weather. What they found was an acute increased demand for property due to a flood of investors. Prices went up and have not come back down. Being the western most large city in Florida, Pensacola has garnered a lot of interest from beach front-seeking investors, but there are many cities along the coast where investors might find relative bargains. Realize that prices arent
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Katrina Slams Homes but NOT the Housing Market
2008-02-21 00:00:00
http://finance.myway.com/ht/nw/bus/200509 02/hlm_bus-kwa269778.html
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Investors Gone Wild
2008-02-21 00:00:00
Reprinted with permission from Credit Suisse First Boston www.CSFB.com
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MARKET NOTICE: Phoenix MLS Supply Rising
2008-02-21 00:00:00
"Phoenix continues to be one of my favorite cities to invest in, although it seems there are some indications that the market might begin to start cooling off. I have recently owned property in, and while I did liquidate earlier this year, it was to access the full capital of those investments. I believe that Phoenix is a market in which you should hold your property to take advantage of the high appreciation. Phoenix has been mimicking the Las Vegas market in that the prices have been getting higher while the rent is staying the same in most areas. This leads to an increasingly negative cash flow scenario, something that might occur in the near future. While I still consider Phoenix a ve
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Excellent New Home Resource in Phoenix
2008-02-21 00:00:00
"In spite of the real estate industry covering the entire country (or the entire world) for that matter, its funny how small it can seem. While I was visiting Kurt Van Ness and Brad Baird, our two Phoenix Advisors, we noticed that several new clients had registered that had cited the ""Ultimate New Home s Newsletter"" as the way they found our site. After some digging around, we found the source of the newsletter, which is the Ultimate Information Systems (www.UIS.net).
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