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What does the future hold?
2008-02-09 00:00:00
What does the future hold? That is the million dollar question that we all need an answer to. We need to know this to advise our real estate investors and our clients. The answer determines everything. If we believe that the market is going to fall apart, we should advise them to wait and buy later. If we believe that the market is at the bottom we should be telling them to buy, buy, buy. What is the future going to hold? Lets start with the first rule: We have to be honest. We cant take what we hope will happen and make decisions based on that premise. It may not happen, because it is our hope, not the truth. We need to look at the truth, at the facts in front of us, and use
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AZ:Sales UP, Prices DOWN
2008-02-09 00:00:00
Well, for all of the real estate investors who are interested in what is going on in Arizona, here is an update from ASU Realty Studies: "Pinal County resale housing market finishes 2007 with a rise in sales With significantly lower home prices, the Pinal county resale housing market posted improvement from the 625 sales of third quarter 2007 to 1,145 recorded sales and well above the 720 sales recorded a year ago. Housing activity was good throughout the quarter as shown by the monthly activity, with October at 355 recorded sales, November at 420 sales and December at 370 sales. Even with a strong close, resale activity in 2007 was decreased to 3,580 sales from 3,860 sales
More About: Sales , Prices

Austin, Texas Continues to Buck National Real Estate Trends
2008-02-09 00:00:00
Outlook for Austin Real Estate : Wednesday was a big day in Austin for market analysis, with a couple of major forums discussing whats ahead for Central Texans. The forecast overall for 2008 appears to be "partly sunny" ? or "partly cloudy," depending on your outlook ? with bright spots summarized below. Central Texas continues to buck national trends in the real estate market, and the Austin Metro Area continues to evolve with new ways to live, work and invest. Austin Metro Study 4Q 2007 Summary Eldon Rude with Austin Metro Study kicked things off at the Austin Country Club with his 4th Quarter 2007 analysis of the local real estate market and specifically new
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Las Vegas Real Estate Market Report: 1/30/08
2008-02-01 00:00:00
Las Vegas Real Estate Market Report: 1/30/08 This is the latest Las Vegas Real Estate Market Report from www.NARREIA.com (
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Investors: Austin Texas one of the Best Places to Buy a House
2008-02-01 00:00:00
Best and Worst Places to Buy a House Whether youre looking for an investment property or a place to live, heres a look at the cities you should seek out and avoid in 2008. By Danielle Babb | January 23, 2008 The housing crunch and the excessive inventory--exceeding 10 months on resale homes--continues to take its toll on housing prices. But over the long term, housing is still a good investment. In fact, its more than an investment; its a home. Plus, youre not really saving anything by renting, as the costs of renting and owning are about equal (well, owning may be a little more). The tax benefits of home ownership far outweigh renting, too. With good housing prices in ma
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NC #1 in Site Selection Magazine's U.S. Business Climate Ranking
2008-02-01 00:00:00
Site Selection Magazine has ranked North Carolina first - for the 3rd consecutive year - in its annual state business climate analysis. They cite the following as the basis of their choice: ?Fifty percent of the total score is based on a survey of corporate real estate decision makers and 50 percent comes from data associated with actual project activity as tracked by our proprietary New Plant database.? The strong business climate in North Carolina, and in the Raleigh/Durham/RTP area in particular, provide stability and growth for real estate investors. The people coming to the area with these new and growing companies are looking for homes, and many of them will be renting. T
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Florida Property Tax Portability
2008-02-01 00:00:00
This question continues to come up time and time again. We are moving closer to the actual vote on Portability . According the the Florida Association of Realtors you can see the explanation of what it means. From and investment stand point, there isnt much of an advantage, except when the property is sold on the back side someone can reduce their tax liability when purchasing your property from you if it has gone up in nature above the house they are currently selling. The latest version of property tax reform: How it works TALLAHASSEE, Fla. ? Nov. 1, 2007 ? The Florida Legislature, caug
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San Antonio's healthcare industry continues to grow and add jobs
2008-02-01 00:00:00
San Antonio has a diversified, growing economy and continues to add jobs. One of my favorite sectors as it relates to rental properties is the healthcare and biotech industry. Until recently, hospitals were located mainly downtown, and biotech, research, teaching hospitals, and other medical facilities were concentrated on the northwest part of the city at the South Texas Medical Center. The Medical Center area has long been one of the best areas for rental properties because it attracts prospective tenants with well-paying jobs as well as students and interns the University of Texas Health Science Center. Methodist Hospital, Christus Santa Rosa, and ancillary clinics and doctors? offic
More About: Industry , Jobs , Healthcare , Grow

"Construction a Sign of Charlotte's Good Health" Article
2008-02-01 00:00:00
Here is an article published today that comments on the Health y State of Charlottes Economy and Growth: "Navigating all the construction projects under way in Charlotte might be worth the inconvenience considering the alternative. Economists say the cranes are a barometer of good health, indicating that things will keep going here no matter what happens on the national level. The Charlotte Chambers just completed 2007 report on new and expanding businesses seems to confirm that. A record 1,326 firms announced plans to invest nearly $2.3 billion -- the second highest amount ever in Mecklenburg -- and create 14,648 jobs. "What it tells me is we are building the infrastructure
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Bayside Park Mississippi developer surpasses 100 unit Milestone
2008-02-01 00:00:00
January 25, 2007 9:12 AM For Immediate Release: 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
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AZ: Wounded Military Get Discounted Homes
2008-02-01 00:00:00
This is definitely a bit out of the ordinary for the articles that I normally post but I thought it was an interesting article and that any Arizona home buyer, regardless of whether you are an investor or a primary home buyer, should be aware of this innovative program. Here is an excerpted article from the US Air Force... If you, or someone you know, would be interested in this program, please have them contact me and I will certainly do my best for them! "Wounded vets can get discount homes in Arizona" A Glendale, Ariz., home builder is offering wounded warriors discounts of $30,000 to $50,000 on new homes in one of its developments. This is the first home builder to
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Las Vegas Real Estate Market Report: 1/23/08
2008-01-26 00:00:00
Las Vegas Real Estate Market Report: 1/23/08 This is the latest Las Vegas Real Estate Market Report from www.NARREIA.com (
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Las Vegas Market Statistics
2008-01-26 00:00:00
Overall Market Facts: 1. 27,844 units on the market in the resale sector which continues to be record levels. 2. Estimated 1367 units sold in December (MLS statistics only does not include new homes or FSBO?s) which is below normal sales levels and year over year numbers. 3. Available overall units in the resale sector remained stable over the past few months. 4. Overall Supply based on current sales statistics indicates a supply surplus of over 16 months of inventory. 5. 46% of the homes currently in ER status are Vacant which is an all time high indicating many speculators and homeowners have bailed on their obligations. 6. Initial Default filings in Clark County in
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AZ: Location, Location, Location
2008-01-26 00:00:00
For real estate investors in Phoenix and Arizona in general, the news has been mixed...AZ is still hurting but not as badly as other states. Here is an article that discusses specific areas and what is happening. On a side note- the last part of the article frames the data i.e. things went UP 43% (which is unsustainable) so it is not surprising that now things are down. Yes, real estate is "challenged" right now nationally but so few people mention that these drops are in comparison to some very unusual market patterns in AZ in 2005-2006. Location , Location, Location: Home Price Declines Vary Widely across Metro Phoenix Regions Housing prices in the Phoenix metro

The Mississippi Aerospace Corridor
2008-01-20 00:00:00
It might be called the rocket science theory of economic development for the Gulf Coast. By concentrating on the region?s strengths in aeronautics as witnessed by Stennis Space Center and private developments such as Northrop Grumman?s Unmanned Systems Center in Moss Point, the Gulf Coast Aerospace Corridor Alliance is focusing on building on the strength of its aerospace cluster. The Missi ssippi Gulf Coast has become a key aerospace player, reported George Freeland, president of the Mississippi Gulf Coast Alliance for Economic Development (The Alliance). Freeland, who is also executive director of the Jackson County Economic Development Foundation, said current developments

Dallas - Fort Worth Real Estate --- Least likely to drop in value!
2008-01-20 00:00:00
From the Dallas Morning News: Dallas Fort Worth Real Estate Price: Least Likely to Drop: CLICK HERE FOR ARTICLE WEBSITE!
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Las Vegas Real Estate Market Report: 1/16/08
2008-01-20 00:00:00
Las Vegas Real Estate Market Report: 1/16/08 This is the latest Las Vegas Real Estate Market Report from www.NARREIA.com (
More About: Las Vegas , Real Estate Market

AZ Market Wrap-up: Good, Not so Good
2008-01-13 00:00:00
This has been an interesting year, both personally and professionally, something Im sure that MANY real estate investors (and just people in general!) can say about 2007... "Greater Phoenix resale numbers finish less than stellar year" MESA, Ariz. ? The 2007 Greater Phoenix resale home market continued to slow in December, with 3,290 sales recorded (3,280 sales in November), compared to 4,620 sales for a year ago. This is the lowest level of activity for December since 3,240 sales were recorded in 1999. For 2007, a total of 50,975 sales were recorded, in contrast to 67,035 for 2006 and 110,835 sales for 2005. The market slowed greater than expected, especially in the latter m
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Austin Texas Real Estate MARKET UPDATE:
2008-01-13 00:00:00
UPDATE: Austin homes prices up 8.6%! Home prices in Texas -- especially in Austin -- have defied the overall downward trend seen in other U.S. housing markets, according to a study by First American Loan Performance. (Austin Business Journal, Dec. 26, 2007). Were seeing more of the same trends for homes on the market (up), but unlike my last report, home prices continue to increase despite more homes on the market. Over the month of December we find that new listings are up by 35.91%, pendings are down 43.09%, and solds decreased by 27..28%. The "New Listings" average list price is up 8.61% to 294,316, while sold average sales prices increased 7.90% to $252,417 compared to $233,939
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Austin Texas Real Estate: Occupancy Numbers Look Good to Investors
2008-01-13 00:00:00
ALN (ALNsystems.com) has released apartment market data for large Texas metro areas. For the year ending last month: Occupancy in Austin increased from 93.6 percent in November 2006 to 93.7 percent in November 2007. Average monthly rent increased from $776 to $831, a 7.1 percent jump. Occupancy in Dallas increased from 90 to 90.8 percent. Rent increased 5.4 percent, going from $753 to $794. Occupancy in Fort Worth dropped from 89.9 to 88.8 percent. Rent rose from $667 to $702, a 5.2 percent increase. Occupancy in Houston decreased from 90.4 to 89.3 percent. Rent increased by 3.1 percent, going from $713 to $735. Occupancy in San Antonio held steady at 90.6 percent. Rent incr
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The grass is Always Greener....
2008-01-13 00:00:00
The Grass is Always Greener?. Not if you?re looking to buy or invest in Las Vegas right now! The grass is definitely greener on your side of the fence. If you?re trying to sell your property right now, trust me, you?re feeling the pain ? at the very least you are frustrated. While this manifests as doom and gloom in the press, it can be the opportunity of a lifetime if you can filter out the noise. What is the noise? It is record numbers of foreclosures, short sales, limited financing availability, bank owned properties and a number of other things that are alarming to the market in general. These are the things that the media is focusing on. You don?t hear much about

Dreams...
2008-01-10 00:00:00
Dear brokers, Life gets so busy and we get so involved with the intricate details of life that we forget some of the basics. I am at fault for this. Maybe you are too. I met with some past customers this week who had lost their home due to an unscrupulous lender who charged them thousands of dollars to do a simple refinance. They, because of this lender, lost their home a year later. They were back to see me, and anxiously trying to buy another home. Their dreams still exist. Their dream of owning a home that is theirs to remodel, to own, to live in. This is the dream of millions of people. Homeownership is still a major driving factor in peoples lives. Remember that fact, and r
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Population growth + business growth = residential real estate investment op
2008-01-10 00:00:00
According to Wake County Economic Development, Wake County?s population grew from 612,503 to 790,007 between July 1999 and July 2006. The average growth per month during this period was 2,837. That is an additional 177,504 people and 22% growth in 7 years! And that trend has increased in recent years. Between July 2005 and July 2006, population grew from 755,967 to 790,007, an increase of 34,040 newcomers in a one year period of time. There are also an increasing number of new businesses moving into and developing in Wake County. There are currently 43,079 reported businesses within the county. Between 2002 and 2007, there were 6,095 new registered businesses, an average of abou
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Las Vegas Real Estate Market Report: 1/9/08
2008-01-10 00:00:00
Las Vegas Real Estate Market Report: 1/9/08 This is the latest Las Vegas Real Estate Market Report from www.NARREIA.com (
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Raleigh-Durham is leading the pack in investment opportunities!
2008-01-07 00:00:00
Happy New Year Fellow Investors! I thought it appropriate to share some joy in the midst of all of the "reported" economic gloom in the US. Good news... Raleigh -Durham is weathering the storm quite well, and the hiccup in the national real estate market seems to have largely passed over this vibrant metro area. The good news seems endless, and includes continues employment growth, and a strentghening rental market. These items are a plus for investors building portfolios in the Raleigh-Durham market. While housing starts are down in the Northeast, West and other regions, they are up in the South. This is likely due to the positive outlook for appreciation in this region, along wi
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RALEIGH: Unemployment drops from 3.7% to 3.6%
2008-01-07 00:00:00
The jobless numbers are out and worse than expected EXCEPT in the Raleigh , North Carolina area. From the Triangle Business Journal: Unemployment in the Triangle dipped slightly from November 2006 to November 2007, according to data released Friday by the North Carolina Employment Security Commission. The unemployment rate, unadjusted for seasonal effects, was 3.6 percent in the Raleigh-Durham combined statistical area in the month. Thats down from 3.7 percent in November 2006. The state rate, unadjusted for seasonal effects, was 4.6 percent in November. The adjusted rate was 4.7 percent. An unemployment rate under 5 percent is generally considered healthy. Some 818,324 p

Houston Still Hot
2008-01-07 00:00:00
November Housing Numbers Show Houston Largely Resistant To National Effects Of Market Downturn Average and median single-family home sales prices are on the rise HOUSTON ? (December 18, 2007) ? While much of the nation wrestles with the persistent effects of the real estate market downturn, Houston continues to hold its own when it comes to home sales and prices as the end of 2007 nears. The latest monthly housing figures compiled by the Houston Association of REALTORS® (HAR) reflect comparative stability, with area sales and pricing performance still outpacing that recorded in 2005. Total property sales for November registered 5,772, representing a modest 10.2 percent de

RALEIGH: Still outpacing the rest of the nation
2008-01-07 00:00:00
Continued strength and resistance to the national trends seems to be the order of the day. While we have seen some impact to segments of the market here in Raleigh , there are still segments that seem to continue to chug forward. At a recent economic summit here in Raleigh the Chief Economist for the Nation al Home Builders Association had this to say: "Seiders projected that national home sales will hit their nadir in the current quarter, and that housing starts will begin to rise in the third quarter of this year. But, he added, the housing market in North Carolina will continue to outpace the nations. Housing starts across the country this year should fall about 20 percent,
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Despite Slow Sales, Home Prices Continuing To Rise in Raleigh and Durham
2008-01-05 00:00:00
The National Association of REALTORS® has published the results of its quarterly sales survey and found that the median home price continues to rise in most metropolitan areas. The median is a typical market price ? meaning half of all homes sold for more, and half of all homes sold for less. Lawrence Yun, NAR chief economist, said the data underscores the fact that all real estate is local. ?Some metro areas are hot, while others are experiencing localized problems,? he said. The November sales statistics for Raleigh and Durham are following the national trend of rising sales prices. Inventory in Wake County continued to increase; there were 21% more homes on the
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San Antonio in 2007
2008-01-05 00:00:00
From recent online issues of the San Antonio Express-News, I have abstracted four articles looking back on San Antonio?s residential real estate investment and home buying market in 2007: RESALES It wasnt the best of times, but it definitely wasnt the worst of markets either. San Antonios home resale market held its own in 2007, with prices appreciating at a healthy pace even as it started taking home sellers longer ? sometimes agonizingly longer ? to connect with home buyers. Year-to-date median prices ? the point at which half the homes sell at a higher price and half sell at a lower price ? rose to $150,100 by the end of November, according to the San An