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RALEIGH: Rent is up, Vacancies are down and Prices are up!
2007-11-30 00:00:00
RULE #1 in Real Estate Investing is that real estate is local. Yes, there is national fallout from the sub-prime mortgage mess, but take a step back and look at what the fallout REALLY is. Raleigh Investment Real Estate has been a consistent supporter of measured purchases diversifying across price points, areas and with a predominant focus on making sure you have positive cash flow. Because of the tightening of lending standards across the country it has created a larger renter pool here in the Carolinas too, BUT we have NOT seen the price corrections that everyone else is seeing. In fact, just the opposite because of lower vacancies and higher rents. The Greater Raleigh area NEVER saw
More About: Rent , Prices

Reading the Signs...
2007-11-30 00:00:00
HI, The market is getting tougher every day. I read articles about the real estate market in California, Maine and other states. Very few places are thriving. Why? Why? Ok, here is the reason. Jobs. Lets face it, jobs drive the real estate market. A job determines how a person feels about his future, and that determines whether he will buy a new home or be conservative and stay put. The job situation with downsizing and off-shoring has not improved. Rates wont help when a person is afraid of losing his job, or is making less money now than he was a few years ago. We need to face the reality of this market: We are in a tough market that is not going to get better for a while. H
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Community adaptation to growth means good long term investments
2007-11-30 00:00:00
Wake County voters recently showed their commitment to quality growth in their community by approving $187 million in county bonds. Voters were responding to the needs of a growing population by providing infrastructure and educational opportunities for its citizens. Real estate investors can appreciate investing in a community that is growing yet remains committed to investing in its future to insure viability and stability. $92 million of the bond money is designated for the growth of Wake Tech Community College. Wake Tech had 55,591 students in 2006 and by 2015 they are expecting a 40% increase to 78,000 students. $45 million would be used to build or extensively renovate Wake
More About: Growth , Long , Investments , Good

Why housing needs to slow down?
2007-11-22 00:00:00
Click below to see read an article from Dr. Mark Dotzour at the Texas A&M University Real Estate Center. The article explains why a drop in housing starts is good for home values and the economy. Texas A&M University Real Estate Centers Article: Significant Drop in Home Building Needed : CLICK HERE!
More About: Housing , Slow , Needs

Panama City Number 1 in Florida Existing Condo Sales
2007-11-22 00:00:00
Panama City Number One in Existing Condo Sales Statewide Florida Association of REALTORS® (FAR) releases quarterly home/condo resales data Panama City, Florida, November 21, 2007 Panama City Real Estate Market continues to show positive trend Florida Association of REALTORS® (FAR) today releases quarterly sales data for existing condos and homes, and Panama City stays upbeat. Statewide, sales of existing condos declined 26 percent (9,622 units closed for Q3 2007 compared to 13,028 for the same quarter last year). In contrast Panama City shows a net increase of 38 percent (127 existing condo units closed in Q3 2007 compared to 92 closings in Q3 2006) for the best showing i
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Las Vegas Real Estate Market Report: 11/21/07
2007-11-22 00:00:00
Las Vegas Real Estate Market Report: 11/21/07 This is the latest Las Vegas Real Estate Market Report from www.NARREIA.com (
More About: Las Vegas , Real Estate Market

Forbe's Magazine Sounds Off About the Charlotte Market, Yet Again
2007-11-21 00:00:00
Here is an excerpt from another incredible article about Char lotte : "Youre most likely to find undervalued real estate in cities where the real estate boom was driven by sustainable factors like job growth and economic expansion--like Charlotte, N.C. The city has quietly become one of Americas leading financial centers" Click Here for the rest of the article: www.buycharlotterealty.com/index.php?page id=12 Reading this article and then reading the BLOG Post previous to this one, really puts it all into perspective, this is the time to BUY.
More About: Magazine , Sounds , Market

Econoplay.com: 2007 Q4 Outlook by Gary Rosenberger
2007-11-21 00:00:00
Gary Rosenberg er has been following the real estate industry across the nation for years and reports on them quarterly at the website www.Econoplay.com.
More About: Outlook , Gary , Berg

Can Both Sides Be Bad?
2007-11-18 00:00:00
Can both sides be bad? What to say about the Vegas market that you don?t already know? We are in a downward pricing trend, but I bet you already knew that. Buyer confidence seems to be a thing of the past, I bet you already knew that too. Sellers are desperate to move their properties, ditto. Banks are getting properties back by the day?.. sounds pretty grim. All of this is true, but let me pose a question: How can the market be bad for both sides of a transaction? Doesn?t it stand to reason that if the sellers are giving away the store, then the buyers are getting more than they have in a long, long time? I believe this to be true. The problem then lies with the con
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PHX resale has slight increase
2007-11-18 00:00:00
Well, there is a bit of good news in this newly published report, thankfully. For real estate investors, ANY good news is welcome! If you are a long term investor, AZ offers amazing opportunities right now...especially in the new homes market. Developers are deeply discounting- up to $100,000 in some cases! They are highly motivated to sell existing SPEC homes before the end of the year. Interested? Give me a call! Greater Phoenix resale market experiences slight increase, lower appreciation for October: With 3,610 recorded sales in October 2007, the local resale housing market showed some improvement over the 3,050 sales recorded in September, but well below last year

Las Vegas Real Estate Market Report: 11/14/07
2007-11-15 00:00:00
Las Vegas Real Estate Market Report: 11/14/07 This is the latest Las Vegas Real Estate Market Report from www.NARREIA.com (
More About: Las Vegas , Real Estate Market

Do your shopping in San Antonio
2007-11-15 00:00:00
Why not do your Christmas investment shopping in San Antonio ? According to an October 1 article on Forbes.com, San Antonio ranks 8th on the list of most stable housing markets, nothing new for a city that has placidly resisted the ups and downs of other Texas metros such as Houston, Dallas, and Austin. While those cities are also doing well compared to other, more expensive or more depressed markets, San Antonio continues to chug along its usual unexciting way. The median home price of $154,300 is 6.6% higher than last year?s. Forbes projects it to increase another 5.35% to 2008, and expects the sales rate per capita to rank sixth in the nation next year. The foreclosure rate is high
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Improving conditions in mortgage market will benefit investors in Raleigh a
2007-11-15 00:00:00
According to the latest forecast by the National Association of Realtors® conditions in the mortgage market are improving for consumers, which should help to release some pent-up demand in early 2008. NAR senior economist Lawrence Yun, notes that widening credit availability will help turn around home sales. ?Conforming loans are abundantly available at historically favorable mortgage rates. Pricing has steadily improved on jumbo mortgages since the August credit crunch, and FHA loans are replacing subprime mortgages,? he said. Year-to-date sales in Raleigh are down only slightly - about 5% fewer homes have been sold so far this year compared to this time last year, although
More About: Market , Mortgage , Investors , Benefit

Florida Road Trip!
2007-11-15 00:00:00
For 30 days in October 2005, NARREIA completed its biggest adventure yet: travelling the entire state of Florida in a 25 RV in our quest to discover the best investment markets and savvy agents with local expertise. We dodged Hurricane Wilma in Fort Lauderdale, slept under towering oak trees in Tallahassee, saw some interesting and bizarre properties along the Forgotten Coast (from the Taj Mahal to grass-filled living rooms), and made a lot of friends along the way. Our primary objectives were: a) to find Advisors for NARREIA; b) to learn the details on each of the major Florida markets; and, c) to spread the word about NARREIA. We accomplished all of our objectives and then some. We
More About: Trip , Road Trip , Road

New Advisor: San Antonio, TX: Robin Rogers
2007-11-15 00:00:00
bin gave us an extensive tour of San Antonio that included the historic districts (where theres great potential for rehab projects and long term rentals) and the northwest suburbs (which are good for new construction and long term rentals). Robin is a native of San Antonio and has lived there for many years, interspersed among her extended stays in Hawaii and England. Check out her recent Market Report on San Antonio.
More About: Rogers , Advisor

New Advisor: San Antonio, TX: Judy Stockstill
2007-11-15 00:00:00
On our way from San Antonio to Austin, we had an extra hour before our next meeting in Austin. So, we decided to meet with another local agent in San Antonio. We found one in New Braunfels, which is right off of I-35 on your way out of San Antonio heading towards Austin. Boy, did we luck out. The agent we ended up meeting with was Judy Stockstill, along with her husband George Stockstill. Judy and George were extremely informative about the San Antonio market and have an extensive background in real estate sales/development and financial analysis. They happened to know of 2 new construction homes, fully upgraded, that the builder was selling $20,000 below market value AND willing to pay c
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New Advisor: Austin, TX: Steve Crossland
2007-11-15 00:00:00
We met with Steve Cross in Austin last week, a day before Hurricane Rita hit the Texas coast. Steve gave us an extensive tour of Austin, focusing on the Soutwest. Weve been hearing the most buzz about the North, but Steves perspective and expertise is on the Southwest. We saw a few master planned communities such as Circle C and Belterra t
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New Advisor: San Antonio, TX: Brett Kummer
2007-11-15 00:00:00
Brett is a native of San Antonio and has in-depth knowledge of the housing market. He currently splits his time between San Antonio and Dallas, where he teams up with W. Brian Casebolt in new home construction investments. Brett and his family have been involved in San Antonio new home construction for many years. San Antonio hosts a friendly "small-town" atmosphere (slated to be the 7th largest city by 2010) that doesnt garner a lot of national attention, but continues to be a steady market for cash-flow properties and decent appreciation. For more information on San Antonio, contact Brett and visit his homepage on our site.
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Las Vegas Real Estate Market Report: 11/07/07
2007-11-13 00:00:00
Las Vegas Real Estate Market Report: 11/07/07 This is the latest Las Vegas Real Estate Market Report from www.NARREIA.com (
More About: Las Vegas , Real Estate Market

Houston Market Update
2007-11-13 00:00:00
Houston had been hailed as one of the few markets in the country that had weathered the real estate downturn seen in most of the rest of the country?until September. It is normal to see a slowdown in real estate sales after summer has ended, but the decline in sales experienced last month was the largest in more than a decade for the greater Houston area. From a historical perspective, Houston remained ahead of 2005 in terms of sales and pricing and its inventory of homes relative to sales is still well below the past 10 year average. Total property sales for the month registered 5,984, which was a 16.7 percent decrease versus September 2006. Properties sold during the month reached a t
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MISSISSIPPI GULF COAST...This is America?s new hot housing area
2007-11-13 00:00:00
Submitted by Michael Eadie - NARREIA Advisor: Nov. 5, 2007 9:45 AM EST BILOXI AND THE MISSISSIPPI GULF COAST...This is America ?s new hot housing area...here?s why. "Housing is our number one issue, no doubt about it, particularly if you consider there are going to be 30,000 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. "Our population is 90 percent what it was before Katrina," Mathews said. "People are still living with family member
More About: Mississippi , Gulf Coast , Area

Austin Texas Real Estate Update
2007-11-13 00:00:00
Whats going on in Austin Texas real estate at the moment? Well, comparing January to June, 2006 vs. 2007, weve seen the same trend Ive documented over the last 6 months; a slight slowdown in sales (-1.3% change in number of homes sold total this year from last) and a healthy INCREASE in sales price (despite the increased inventory) of 6.50% (average sales price last year was 229,000, now its 244,000). The average days on the market has increased to sell the house about 10%. Thanks Alamo Title Market update, 10/19/2007, Alamotitle.com As you see, this is hardly disheartening amidst the constant barrage of doom youll hear about real estate nationwide. From Paul Kaihla, CNNMone
More About: Estate , Real Estate , Update

Home Prices Continue to Fall...Except in CHARLOTTE NC
2007-11-13 00:00:00
Here is a article released on Oct. 31 by the Wall Street Journal. As you can see, markets continue to fall throughout the US except for just a few shining spots, Char lotte is continually one of those shining spots. Charlot te is also the ONLY market in the US on path for 280%+ Population Growth over the next 20 years...get ready for a lot more reports like this one showing houses..ie YOUR WISE REAL ESTATE INVESTMENTS, climbing up more and more. Home prices continue to fall in most major U.S. metropolitan areas, according to the latest update of the S&P/Case-Shiller home price indexes. Prices of single-family homes in 20 major U.S. metro areas in August were down an average of 4.4% f
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Dallas-Fort Worth Market Report & The Media Finally Agrees!
2007-11-04 00:00:00
Well finally I have someone who agrees with me! If you have been following my reports you know how I rail against the news reports that the sky is falling. The biggest problem I have is that they do not report the other side of the story. Well finally they did. CNN reported this past weekend that the Dallas -Fort Worth tops the list of areas for property appreciation over the next 2 years with an average growth of 6.4%. They gave a lot of data to support that conclusion but the bottom line data is this - 6.8 million people moving here over the next 20 years with a need of 2.2 million units. It is my intention to be part of this growth and the opportunities that it creates. I highly r
More About: Media , The Media , Market , Report

For those investors who bought in PINAL County...
2007-11-04 00:00:00
Here is an article from ASU Realty Studies that explores in depth the housing market in Pinal County which is where many real estate investors purchased investment property. Pinal County resale housing market continues with decline trend MESA, Ariz. ? Due primarily to the holidays and the desire not to move children during a school year, recorded sales for resale homes tend to weaken in the third and fourth quarters. This traditional trend appears to be evident in Pinal County with 625 recorded sales down from the 970 recorded sold in the second quarter. Further, continued concerns have pushed the market lower from a high of 1,550 recorded sales in third quarter 2005 and
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Great News from Economist on the Charlotte Region
2007-11-03 00:00:00
Great News From Economist on the Char lotte Region The Charlotte Observer ran a very promising news article this morning (October 31st). Obviously a lot of people, investors included, continue to wonder what effect all of the different economic events will have on the market where they invest. Well, it was nice this morning to read the headline: "This Time Good News Expected" The article discusses different parts of the Country and the impact that the Mortgage fallout has had on those markets and Wachovia Banks Senior Economist, Mark Vitner, had this to say: "Everyones readily aware that the market is crashing nationwide," he said, "but in Charlotte its holding up really well." An
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Las Vegas Real Estate Market Report: 10/31/07
2007-11-03 00:00:00
Las Vegas Real Estate Market Report: 10/31/07 This is the latest Las Vegas Real Estate Market Report from www.NARREIA.com (
More About: Las Vegas , Real Estate Market

Phoenix market will be hot in '08
2007-11-03 00:00:00
Interesting news for real estate investors to read regarding real estate markets in Phoenix : Trend report: Phoenix market will be hot in 08 The Arizona Republic Oct. 18, 2007 If theres one thing that economists and real-estate analysts agree upon, its that the housing market will not rebound from its free fall soon. But beyond that, it gets pretty murky. For example, many experts cant seem to agree on the effect the housing downturn will have on commercial real estate. Some believe the market has already weathered the storm; others believe the worst is still to come. The picture grew even hazier Wednesday with the release of a new report ranking Phoenix as No. 9
More About: Market

Denver's Market in November.
2007-11-03 00:00:00
There was an article in the paper yesterday by John Rebchook about the Denver market. He is an excellent writer, but he was given some very odd information. The general article was about how the Denver market is coming back, and how certain areas of Denver are actually seeing appreciation in the 30 and 40 percent range. One agent was quoted as saying she would prefer that it was only 7 to 8%. I was a lttle surprised, and I went to the computer to see what I could find. Now, as you may know, real estate is very complicated. Two people can look at the same information and see totally different things. I looked at the sold history of a few dozen properties in this "hot" area that these
More About: Market , November

RALEIGH: The Sky Is Falling..NOT!
2007-10-30 00:00:00
With both an engineering and legal background Ive been exposed to a great many types of people and personalities. Then add a decade and a half of working with tenants & investors and Ive probably seen them all. However, by far and away my favorite personality to deal with is the investor. The true investor is ever the opportunist and will sometimes see the glass half empty, but more often will see it half full and the well grounded and confident investor will sometimes simply look for another glass. My point is that we all have to remain vigilent for market place changes. Watching and remaining educated will help the investor to mitigate needless risk. Bernanke was recently quoted
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