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Is this the future?
2008-06-06 00:00:00
Bear with me for a minute, while I ask this question. There is a real neighborhood, which we will discuss hypothetically. I wouldnt want to start a serious problem, and theory is enough in this case. Lets call it Sub A, for subdivision A. Sub A has a lot of foreclosed properties. The homes sold for around $360,000 a few years ago, and now the foreclosures, because of condition and desperation, are selling for around $300,000. Some foreclosed properties are a little lower at about $275,000. I was wondering today, as I worried about the sales in Sub A, that this might be a trend that will continue. The owner who is ok now might get in financial trouble. He will not be abl
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Kiplinger ranks Raleigh among Best Cities to Live Work and Play
2008-06-06 00:00:00
It just so happens that while the national economy and real estate are struggling, Raleigh is on its way up! Kiplinger just named Raleigh one of the Best Cities to Live Work and Play . Kiplinger cited the following regarding their choices for best cities: ?(Kevin) Stolarick, research director at the Martin Prosperity Institute, a think tank that studies economic prosperity, says: "Our formula highlights cities not just with strong past performance, but also with all the ingredients for future success." One key to a bright future is a healthy shot of people in the creative class. People in creative fields -- scientists, engineers, architects, educators, writers, artists and entertai
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Panama City Beach #1 Place to Buy A Summer Home
2008-06-06 00:00:00
Summer is here and what a better way to kick off the year!  Just released from AOL, Panama City Beach , Florida in the Top 5 for Bargain Places to Own a Summer Home ....and where did we rank?  Thats right...#1!  The timing couldnt be any better.  The condo market has slowed, rates are steady for the most part, and the single family homes close to the beach are back in a reasonable price range.  This is a great way to launch into the summer season and from an investment standpoint, the news cant be much better.  Feel free to email or call us today 850-230-3000 to see how we can better serve you or your customers in this wonderful market. 
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Las Vegas Real Estate Market Report: 6/4/08
2008-06-06 00:00:00
Las Vegas Real Estate Market Report: 6/4/08 This is the latest Las Vegas Real Estate Market Report from www.NARREIA.com (
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Busy market in San Antonio
2008-05-29 00:00:00
Forbes magazine recently ranked San Antonio second, behind Oklahoma City, in its list of top-ten recession-proof cities. And here is the latest update on the San Antonio housing market from the Texas Real Estate Research Center: According to the latest analysis by leading housing-market research firm Metrostudy, between the months of January and March of this year, construction began on 2,332 single-family homes - down 35.3 percent from the 3,606 housing starts recorded during the same three months in 2007. Meanwhile, over the first three months of this year, buyers closed on the purchase of 3,318 new single-family homes - a 24.5 percent decline from the 4,395 homes purchased durin
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Las Vegas Real Estate Market Report: 5/28/08
2008-05-29 00:00:00
Las Vegas Real Estate Market Report: 5/28/08 This is the latest Las Vegas Real Estate Market Report from www.NARREIA.com (
More About: Las Vegas , Real Estate Market

Austin Area Real Estate: Recession Proof Market?
2008-05-29 00:00:00
We think many of our investors and clients should take a look at the article above. I have noticed that many people are taking a "wait and see" attitude about buying real estate in Austin , largely in part to the "mortgage meltdown" and national trends in real estate. Austins listing inventories are up as compared to this time last year. What does this mean? It is actually a great opportunity to buy Austin. The following is from the Austin Business Journal, May 7, 2008. Austin was named third on the Forbes.com list of the top 10 "Recession-Proof Cities" in the United States. To create the list, the magazine looked at the 50 largest U.S. metros, examining key measures, such as
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RALEIGH: 5% Y-Y Increase
2008-05-29 00:00:00
At the risk of sounding like a broken record, let me reiterate that Raleigh never experienced the rush upward in pricing and is now not experiencing the same downdraft in pricing. Yes, the # of sales transactions has dropped but the pricing is not following suit. The following article is interesting since these figures represent solid buyer purchases in the Triangle area. We are still seeing a net increase in jobs and still seeing demand. Our vacancies have dropped significantly and our rents are increasing. I have personally raised rents 10% this year. Raleigh Investment Real Estate is continuing to put together outstanding investor opportunities perfect for the local investor and out of

Camping out for chance to buy a home?
2008-05-29 00:00:00
Believe it or not, a new Mesa development has generated enough demand that buyers have resorted to camping out. The Phoenix metro area has its share of market issues, but pent-up demand is showing itself in many mini markets around town. Check out this link to a recent newspaper article: http://www.azcentral.com/business/article s/2008/05/17/20080517biz-ev-homecampers05 17-ON.html
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Panama City and Destin Current Trends
2008-05-22 00:00:00
he Panama City Beach&n
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April 2008 Las Vegas Market Report
2008-05-22 00:00:00
April 2008 monthly default notices: 4,681 (down 599) April 2008 monthly REO property totals: 2,260 (up 226) April 2008 number of trustee sales: 5,321 (up 1,241) April 2008 number of listed homes: 25,949 (down 106) April 2008 sold homes: 1,998 (up 409) As you can see by the number of trustee sales still increasing, this directly affects the number of REO properties continuing to emmerge in the market. Most REO properties take an average of 60-90 days to list once they are foreclosed on. By looking at the data you can see that buying activity is definitely increasing but the prices of homes will continue to drop over the next 6-9 months while all of these REO properties
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What's Going On?
2008-05-22 00:00:00
What?s Going On?! 5/21/08 This is a market condition report for Las Vegas, so what is the condition of the market in Las Vegas? That will probably change during the time it takes me to write this report! Actually, I see a whole lot of frustration out there. This is nothing new from the traditional sellers, this has been going on for quite some time. I see no change on that front for 12 ? 18 months (give or take). What is new, however, is massive frustration on the buyer?s side of things. A lot of you are saying, ?It?s a huge buyer?s market! How can there be frustration on the buyer?s side, they can write their own ticket

Las Vegas Real Estate Market Report: 5/21/08
2008-05-22 00:00:00
Las Vegas Real Estate Market Report: 5/21/08 This is the latest Las Vegas Real Estate Market Report from www.NARREIA.com (
More About: Las Vegas , Real Estate Market

Price updates: Austin Real Estate
2008-05-22 00:00:00
According to Zillows latest Home Value Report, home values in Austin increased 2.8% in the first quarter of 2008, compared to the first quarter of 2007. Nationally, single-family home values decreased 7.5% while condo values declined 9.0% during this same period. Over the month of April, however, we see a nudge downwards with prices and sales. Statistically speaking, for April 2008 compared to April 2007, our new listings were up 48.05%, our pending sales were down 67.04%, and our solds decreased by 17.31%. As for Average Price s during the month, the "New Listings" average list price is down 0.47% to 330,528. In April 2007 the average list price was $332,105. In March (2008) it
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No Question, Vegas is Starting to Rebound
2008-05-22 00:00:00
There is no question, the Las Vegas market has started to rebound, especially in the sub-$300,000 range. Supply has dwindled considerably and continues to do so. Demand, on the other hand, has increased by 250% since the beginning of the year. The trend of the demand curve indicates that the demand will only continue to rise. Market reactions tend to lag what the data shows by a good 3-6 months. Because of this, the trend in pricing continues DOWNWARD. Another interesting aspect of the current market is that with the flood of foreclosures in Las Vegas, it is driving rents upward. Rents have increased approximately $100-$150 over the last year and it is anticipated that there will be a
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Bizjournals ranks Raleigh, NC the #1 spot for young adults
2008-05-22 00:00:00
Bizjournals recently surveyed 67 metro areas and ranked Raleigh as the #1 spot for young adults. In the May 12, 2008 Bizjournal article they address the relationship between the attraction of a city for young people and the economic impact that has on the city. Following is an excerpt from their online journal. ?Youthful spirit and economic vitality go hand in hand. Communities with large concentrations of young adults are more likely to prosper, according to a new bizjournals study. The correlation is driven home by the studys comparison of metropolitan areas that skew young or old. Group No. 1 consists of the 11 major markets where more than 25 percent of all residents are 1
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Las Vegas Real Estate Market Report: 5/14/08
2008-05-16 00:00:00
Las Vegas Real Estate Market Report: 5/14/08 This is the latest Las Vegas Real Estate Market Report from www.NARREIA.com (
More About: Las Vegas , Real Estate Market

AZ: Market Update
2008-05-16 00:00:00
Here is an update for real estate investors in Arizona. As expected, it is a "mixed bag" of some good news and some not so good news as the market continues to struggle in AZ and throughout the country. "Greater Phoenix resale numbers up for April, median prices down MESA, Ariz. ? For the first time since July 2005, the local resale housing market has posted year-over-year improvement. April had 5,585 recorded sales in contrast to 4,855 sales for a year ago and 4,335 sales in March 2008. Given the improvement, the basic question is whether this is the first sign of the much anticipated recovery or merely a blip in a continuing weak market, said Jay Butler, director of R
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Las Vegas Real Estate Market Report: 5/7/08
2008-05-08 00:00:00
Las Vegas Real Estate Market Report: 5/7/08 This is the latest Las Vegas Real Estate Market Report from www.NARREIA.com (
More About: Las Vegas , Real Estate Market

Dallas-Fort Worth Foreclosure Finds...
2008-05-08 00:00:00
Hello again from Dallas Fort Worth . I will be brief as we are busy out here right now. But, the foreclosure market has only become a stronger opportunity for investors in the last six months. With less mortgage financing in the market, many first-time homeowners are remaining in the renter pool. This condition coupled with the mortgage melt-downs of subprime financing have provided a massive opportunity for investors. Rental rates are going up significantly while investors are able to purchase properties for roughly 15-20% under value. Higher and higher rents compounded with walk-in equity allows for significant cash-on-cash returns in the next five years. A quick example
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AZ: For Pinal Co. Investors
2008-05-08 00:00:00
Well, here is an update for real estate investors in Arizona and specifically, in Pinal County. And there are a LOT of us! Pinal County was a hotbed of growth a few years ago and it was also an area where investors, for the most part, were welcome to buy. It was more challenging for an investor to buy in more "established" areas of Maricopa Co., so Pinal Co. saw a lot of investor activity. Here is an update from a recent report: Pinal County median home price drops in first quarter MESA, Ariz. ? Since 625 resale homes were recorded sold in third quarter 2007, the Pinal County resale market has consistently posted improvement, with 1,145 sales in the fourth quarter and 1,6
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Mississippi Market
2008-05-08 00:00:00
Residential Real Estate Investors are hearing a lot of distracting information about the real estate market today. Reports that there are too many houses on the market, financing is too difficult to obtain and housing just isn?t the investment it once was. These types of media reports on the ?national? real estate market are discouraging investors from taking advantage of the market. The good news is that the Mississippi real estate market presents a stable and attractive place for investors, homebuyers and sellers. Just Released; our newest model ?The Violet? (See Attached) This model is being offered in our Bayside Development in Bay St. Louis MS. This is an area tha
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The Real Reason for Foreclosures.
2008-05-08 00:00:00
I am so tired of reading the paper and listening to the news. They tell these ridiculous stories about lenders, unscrupulous lenders, and how they have caused the foreclosures all over the country. They, the unscrupulous lenders, have caused these foreclosures by pushing people into high rate ARMs that adjust to ridiculous levels, and the innocent buyers are caught in a loan trap. Sure, this is possibly 5 to 10% of the loans and foreclosures. But, it is not the real reason. The real reason is that jobs are tight, our economy is in trouble, and home prices have come down. When there are fewer jobs there are fewer buyers. When there is trouble in the economy, there are more people
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Is the end in sight?
2008-05-08 00:00:00
OK. Step back from your wishful thinking and take a realistic look at the market. A real honest look. Jobs are going overseas... the economy is a mess... Gas prices are going up with Wartime Profiteering... Foreclosures are on the rise with many new foreclosures in the wings waiting to take effect... Lenders are acting like they have never had to foreclose before, and act like they dont even know how to sell a home... and more. The end is not here. We are going to see a downward spiral for another three years or more. Moreover, if you are in a good area that you think is appreciating, it wont be for long. Real Estate Nationally is in trouble, confidence is low, and the market is g
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Slow, steady growth continues in Raleigh and Wake County housing prices and
2008-05-08 00:00:00
The rate of job growth has slowed in Raleigh and Wake County but it continues to grow. According to the News & Observer, the Raleigh area added 18,100 jobs in March 2008. That is a 3.6 percent increase in job growth since March of last year. While the national unemployment rate was 5.1 percent for March, the unemployment rate for the Triangle (Raleigh, Durham and Chapel Hill) was 4.2 percent. And while housing sales for the month of March 2008 were down 29% compared to last March, the average sales priced increased 2% to $259,301. Unlike other areas where housing prices are falling, the house prices have continued their slow, steady climb. There were more houses available in March 2
More About: Housing , Growth , Slow

Positive Media for a Refreshing Change
2008-05-08 00:00:00
Yes, things are going to get better. Check out this opinion from the Wall Street Journal: http://online.wsj.com/article/SB121003604 494869449.html
More About: Media , Change , Positive

Las Vegas Real Estate Market Report: 4/30/08
2008-05-01 00:00:00
Las Vegas Real Estate Market Report: 4/30/08 This is the latest Las Vegas Real Estate Market Report from www.NARREIA.com (
More About: Las Vegas , Real Estate Market

March 2008 Las Vegas Market Report
2008-05-01 00:00:00
March 2008 Default Notices: 5280 February 2008 Default Notices: 4895 March 2008 REO Property Totals: 2034 February 2008 REO Property Totals: 1957 March 2008 Trustee Sales: 4085 February 2008 Trustee Sales: 3639 March 2008 Active Listings: 26055 February 2008 Active Listings: 26940 March 2008 Sold Homes: 1589 February 2008 Sold Homes: 1185 March 2008 BK Filings (CH 13): 367 March 2008 BK Filings (CH 7): 623 February 2008 BK Filings (CH 13): 358 February 2008 BK Filings (CH 7): 605
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Austin Texas Real Estate: Property Prices going UP Again!
2008-05-01 00:00:00
If you?ve been watching the news about Real Estate , you might very well think we?re in a lot of trouble and experiencing the same sort of Real Estate meltdown that is happening across the nation. Luckily, that?s not the case for Austin ! We?ve defied the national downward trending of pricing, even despite the number of homes for sale increasing over the last year. Austin fundamentals are excellent for growth and home appreciation, and we expect this trend to continue despite the craziness of the coastal markets and foreclosure madness we read about. Not only that, but Austin was recently listed as #3 for the Top Sellers Markets in the US, right behind Raleigh, NC (#1) and
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RALEIGH: Office Demand Surges
2008-05-01 00:00:00
The Triangle Area is still experiencing a net job growth with more people moving in. Bucking the national trend we are not seeing a surge of multifamily buildings come onto the market. In fact, local residential landlords are seeing continued low vacancies and increased rents. Give Raleigh Investment Real Estate (www.raleighinvestment.com) a call for all your needs. Jack Hagel from the News & Observer had this to say: News & Observer 4/28/08 Jack Hagel, Staff Writer Companies have been shrinking, delaying or canceling expansion plans. So it seems only natural for Triangle office landlords to fret a little. Yet when the regions first-quarter report card came home, they breath
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