Hotel 71, Spire, price cuts in this week's real estate news
2009-12-11 23:13:00 Here's a round up of this week's real estate news -Fund buys semi-failed Hotel 71 The condo-hotel idea never took off in Robert Falor's building, so it was sold for $37 million on the CMBS market. The WSJ reports that the 309 rooms in operation in the building, which served as Bruce Wayne's apartment in The Dark Knight, have been stalled. -Construction may start again on the Spire: Tired of that big ol' hole in the ground near LSD? The AP reports that union pension funds may buy and restart the development on the project. Which makes sense because their laborers may benefit from it. -Fewer sellers are cutting prices on their homes This Tribune article reports reductions are down 15 percent...
An Emergency Estate/Moving/House Sale
2009-12-11 00:20:00 This sale was billed as an estate sale in my email inbox, but as the sale organizers pointed out, the ad in the Tribune correctly called it an Estate/Moving sale. That's a tip to shoppers about the kinds of items the sale will have - household, usually not vintage, odds and ends the sellers don't want to take with them. It was an emergency sale because the house was due to close in a week and needed to be emptied out. The husband and wife team of Sandy Lane Estate Sales (she's Sandy, his name is Lane) put the sale together in Norwood Park at 6335 W. Huntington in Chicago. So it's a small bungalow sale, but the good news...
Plano Real Estate Supply & Demand
2009-12-10 20:00:00 Plano Real Estate Stats - A year back You might have heard that sales surged in November across the metroplex. One reason for the large percentage increase is that if you remember (and how could you forget) the huge financial institutions were about to fail in 2008. So demand is better just by not being last year Plano. It's all relative to your location. Take a look at the Supply & Demand Chart - supply is down 15% from a year ago and sales are up 67%, a 78 unit increase. And that is due to first time home buyers, tax credit and FHA loans. Now lets look at the expired properties. This chart below shows the number of properties that expired and came off the market each month from 1 year ago. Expired listings is a balance between supply and demand. When the number of expired listings is decreasing (-16%) over time it's a sign that prevailing home prices have increased. Buyers and Sellers need to remember we never had a bubble in Pla...
By: Plano Blog
Hotel Real Estate Dealer, Tuscany
2009-12-09 11:54:00 R.E.Portal ? Luxury & Commercial Realtors deals in the following sectors: - prestigious, ancient and modern villas, castles, palaces, great/noble apartments, country house complexes ? golf courses - hotels ? winery farms - hotel and commercial development lands. R.E.Portal develops its activity in the following geographical areas: Web Link: http://www.reportal.it/index_en-g.cfm read more
Fire sale, reality TV, affordable housing in this week's real estate n
2009-12-05 18:09:00 Here's a round up of Chicago residential real estate news this week: - The FDIC is selling off over 1,500 at deep discount prices One home in Chicago was originally valued at $280,000 but sold for $10,000. -Reality TV shows about homebuying may not be as 'real' as you think Chicagoans reveal that they pretty much already had their choices made before they went on the reality show "House Hunters" on HGTV, says this Chicago Tribune report. Several scenes are also staged. -Some residents try to save Lathrop homes as developers attempt to make the units mixed-income The mostly-empty affordable housing units are slated to be redeveloped, but some current renters are trying to keep the 70 year old 900-plus unit complex as...
Sale Preview: Two Retro Estate Sales in Glenview
2009-12-05 02:20:00 If walls could talk, or swanky rec rooms or the beauty parlor in the basement, I'd love to hear what they have to say about the sale houses I previewed today in Glenview. The two estate sales going on there this weekend are full of cool stuff that tell the story of life in a different era. Fans of the 60's will love the cocktail ware, funky tall lamps and mid century furniture in the sale at 354 N. Branch Road. You could practically live on the semi-circular sectional in the living room. That's after you get a perm in the basement beauty parlor. Three bedroom house with rec room, patio, basement and garage. Five minutes down the road at...
Sale Preview for Estate Sale at 1240 Sherwood in Glenview
2009-12-05 01:30:00 Here's a preview for the second sale this weekend at 1240 Sherwood in Glenview. This sale is an homage to hobbies and crafts. Fishing lures, knitting, antique trains and track, nautical charts, bow and arrow and fashion. The three bedrooms are set up as a craft room, jewelry and accessories room and clothing collection for womens size 12 and 14. The lower level contains hobby and Christmas.Sale hours are Friday and Saturday 12/4 and 12/5 from 9 am to 4 pm...
Wealthy women prefer real estate as an investment
2009-12-03 19:15:00 The Wall Street Journal reports that wealthy women prfer buyingproperty to any other kind of investment, whereas men tend more towards stocks. They find it more enjoyable and more stable. 34 % of wealthy women also invest in real estate through funds. A lot of the comments seem driven by the fact that women like pretty things and decorating their houses, but I'm not sure that's the main reason for this. I think women tend to like the concreteness of real estate- you can touch and feel and see it, it's not just an imaginary number or piece of paper that declares your percent interest. And you feel like maybey ou have a little more control over it because it...
Chicago commercial real estate outlook
2009-12-03 19:05:00 2009 was a dismal year for the commerical restate estate market. 2010 is not looking much better. The office vacancy rate is expected to hit levels not seen in two decades and rents are poised to drop even further. Chicago Business Today December 3 2009...
Good Foreclosure Finds in West Plano Real Estate
2009-12-02 21:10:00 Foreclosures Finds in 75024 It's no secret that the luxury real estate market has had a tough go this year. With foreclosures being a daily force in the real estate market no matter where you live, there are some great buys to be had. With that being said, not all are foreclosure prices, even the banks know they can get more in a desirable neighborhood. There are occasional foreclosures in all the tony West Plano neighborhoods but there are a couple that deserve a shout out. Everyone likes new, right? So, if you like the Shops at Legacy area there is always 1 or 2 foreclosures in the first and second phase. I remember when town homes were going for 325K to 475K. Now almost everything that's sold in the last 6 months is 225K to 300K. I point this area out as a great investment or first time home buyer product that could be worth a pot of gold when the economy comes back. Another shout out is Normandy Estates, two villa lots were just li...
By: Plano Blog
After Thanksgiving Post - How economic forces have affected real estate las
2009-11-30 23:18:00 75093 - Market Trends 2007 to 2009 I hope everyone had a nice Thanksgiving and you're ready for a little real estate chat. Activity has picked up the past 30 days but everyone wants a deal, a real deal and that usually means price! So, no surprise, the best price and house get the contracts. That's a take on right now buyers, and believe me, they are taking their time and are being extremely careful. So, how's the market from 2 years ago? I just know that's a burning question... If you're in the market it does help to know the history of the past two years particularly by areas. Let's take a look at 75093 to see what's transpired. A couple months ago the MLS had a significant upgrade and now detailed market information can be tracked for trends and more accurate comparables for pricing a property, so here you go. Inventory is lighter but not as low as last Dec - Feb. when the world fell apart. The number of sold homes is down 21% - only 10 homes less....
By: Plano Blog
NBA star, underwater homes, holiday decorating in this weeks real estate ne
2009-11-28 18:51:00 This week in Chicago real estate news: - Antoine Walker is being sued for not taking care of affordable housing projects owned by his company The former NBA star apologizes for the awful conditions, including rodent infestations and facades that are falling off, but managers in his company are less sympathetic in this Tribune article. -21 percent of Chicago homes are worth less than the mortgage owed on them The number statewide is about 18 percent, and about 23 percent nationally. But we're doing a lot better than Nevavda (65 percent) or Arizona (48 percent) -Suburban homes welcome tourists for the holidays Historic and creatively decorated homes in Mount Prospect, Geneva and Elgin are included on tours for those looking for inspiration and ideas, the...
Weekend Sale Previews: A Collection of Estate Sales
2009-11-13 05:13:00 Is the town of Waukegan also known as the Home of the Collector? Two sales there within half a mile of each pose the question: why have one when you can have fifty? I took a trip up north to preview the sales for this weekend, November 13 -15. The first sale at 405 W. Glen Flora, Waukegan Hours: Friday 10-4, Saturday 11-6 and Sunday 11-3In the small house, it's evident by the odor that an elderly person has lived there for some time. Per the sale conductor, the owner was a random collector who bought indiscriminately. Dozens of lamps, so much TJMaxx type art, it was also displayed in the bathtub, dish sets on dish sets, glassware on glassware. ...
Estate of man stabbed to death with medieval dagger files suit in civil cou
2009-11-10 23:41:00 Share The estate of a man stabbed to death with a medieval dagger is suing the man who stabbed him in civil court after he was acquitted in criminal court on the theory of self-defense. According to the complaint, in the early morning hours of March 5, 2008, decedent Terrance M. Hauser and defendant Joseph Biedermann met at a local bar in Hoffman Estates and then went back to Hauser's apartment where Biedermann stabbed Hauser 61 times in the throat, abdomen, buttocks, back, groin, hands, face and chest. Among the causes of action asserted in the complaint are wrongful death. Read about the acquittal of Biedermann here. Read the complaint after the jump. Follow me on Twitter at jenfernicola....
Estate of man struck and killed by bus suing CTA and driver
2009-11-05 23:05:00 The estate of a man struck and killed by a CTA bus is suing the CTA and the bus driver. According to the complaint, on September 17, 2009, Donald Hall was operating a CTA bus near the southeast corner of Jeffrey Boulevard and 95th Street when he "failed to observe [Michael C. Payne], a disabled man approaching from the bus shelter and [failed to] stop the bus prior to striking him." Michael C. Payne was run over by the bus and sustained injuries that resulted in his death the same day, the complaint states. Read the complaint after the jump. Follow me on Twitter at jenfernicola....
Shoal Creek Real Estate Update
2009-11-04 11:24:00 Shoal Creek Real Estate Update As you can see the last 6 months has been lower activity. This is due to the upper end market still being slower and much of that is because lenders are making it more difficult for jumbo loans over 417K. Inventory is plentiful. Days on market is 78 days but that depends on many factors like location, condition and price. Pricing will depend on whether you are looking in the zero lot line location or the larger homes and lots in Shoal Creek. [where:75024, Plano, TX, Shoal Creek]
By: Plano Blog
Recensie: Sunny Day Real Estate - Diary
2009-10-29 10:57:00 Onlangs werd ik gevraagd door de Oor om mijn top tien van dit decennium aan te leveren. Mijn hemel, wat een klotenopdracht. Ten eerste omdat het deels allemaal nog zo vers in mijn geheugen ligt en ten tweede omdat ik...
Plano Real Estate Update: Windhaven and Castlemere
2009-10-28 18:41:00 Real Estate Update for Windhaven & Castlemere Activity is very good in both neighborhoods, take a look at the absorption rate under inventory analysis. This is a very good indicator of how fast your home will sell. It takes the total sales units and divides by the total inventory for a year. You see there is only a two month supply of homes for the absorption rate. A normal inventory is 4-5 months. Also take a look at the median sales price - there is a 11% increase from last year. Median Days on market is around 30 days. Of course, this depends on the location, condition and pricing of the home. This is an example of two neighborhoods that are doing well. [where:75093, Real Estate Update, Windhaven, Castlemere]
By: Plano Blog
Willow Bend Real Estate Results
2009-10-26 22:42:00 Willow Bend Real Estate thru Mid Oct. 2009 Even though the market is tougher, sales have picked up from prior 4-6 months. 23 sales units is greater and inventory is larger, around 89 homes are active. Prices are holding somewhat too but that is because steep reductions have already been taken and the final sales price is around 96.5% of list. Lately there is more activity in the high end market with homes going under contract but most I see have a large down payment and keep the loan amount under the jumbo limit of 417K. Interesting... [where:75093, Plano Real Estate, Willow Bend Update]
By: Plano Blog
Pullman, bottom-out in this week's Chicago real estate news
2009-10-23 20:57:00 Here's a round up of this week's Chicago real estate news -Three thousand new homes and a new hotel were proposed in the Pullman neighborhood. According to Crain's, the non-profit arm of a local banker is proposing a new home site at 720 E. 111th, pending zoning approval. -Housing prices should hit rock bottom in March 2010 and start bouncing back up Bloomberg News reports that prices will drop 37 percent from their peak total, and after winter is over we will start to see some more action on the home-buying front. - Messages from Montie says Urban Equities saved her from Chicago real estate nightmares: Fellow ChicagoNow-er says she's been through bad real estate, but this landlord doesn't have that...
How Urban Equities saved me from Chicago real estate nightmares
2009-10-22 22:37:00 Me sitting on the front porch of my Missouri apartment in 2002 I've lived in three states within the past decade during my university years. I've gone from dorms to off-campus apartments to the south side of Chicago to the north side of Chicago, and I've had my fair share of real estate company tales. In Missouri, my real estate company was okay, but they wanted to charge me for utility issues that had nothing to do with me and everything to do with the building being old. But the rent in Jefferson City, Missouri (Lincoln University is my alma mater) was $225 for a one-bedroom apartment in a beautiful neighborhood. No sane person is going to pass that up,...
Keep investment real estate cash flow positive.
2009-10-22 00:45:00 In a recession it's easy to see that buying for cash flow is the only way to go. In a hot market everyone banks on equity. Which can be a very tenuous thing.The most important thing is how much cash flow you are getting at different rates. We are seeing the lowest interest rates in history but when they rise how will your investment perform. Will it still cash flow at 6% interest? How about when vacancy rates increase and you get a drop in rents?This is called stress testing your property. Although many people see cash flow at one point only - today's rates and today's rents the income will fluctuate leading to some unfortunate surprises.What to do:1. Do your property's income and expense numbers at a range of rates and of rents2. Know the scenario your property will and won't cash flow3. Have a good reserve fund to cover the skinny times.You don't retire or get rich by owning property that takes money out of your pocket every month.
Collin County Real Estate - September Update
2009-10-21 21:37:00 Collin County Update Here's a look at Collin County results for September. The most positive thing about this is prices have fallen very little compared to other regions in the country. Still a buyers market, but inventory levels are down 21.1% from a year ago and with mortgage rates lower it presents a wonderful buying window right now. To be honest, I don't know how long the low rates will last because they have been low for so long...that will change. I don't have a crystal ball but timing is crucial. If you're ready to buy the timing is excellent. If you're ready to sell the inventories are low and this presents a good time to consider your options. [where:75093, Collin County, real estate update]
By: Plano Blog
West Plano Real Estate Update: September 2009
2009-10-16 17:00:00 Plano Real Estate Update by Neighborhood As you know there a lot of great neighborhoods in West Plano and today we'll look at Deefield, Whiffletree, Preston Meadows and Glen Meadows. There are so many conflicting reports and real estate is local, so neighborhood information is very valuable. That tells you how the market is. The charts below are from the MLS and although it goes back a year it's broken down by prior periods as noted. The best rule of thumb now is go with the last 3 months for a more accurate picture but it's good to see where we come from and if the market is better or worse... DEERFIELD - WHIFFLETREE As true in many West Plano neighborhoods inventory is down in Deerfield and Whiffletree. Sale price has drop but has been fluctuating, days on market is 74, less than 3 months, that will be a home in good condition, location and priced to sell. And they can sell quicker than this. PRESTON MEADOWS Sales ha...
By: Plano Blog
Plano Real Estate Update - September 2009
2009-10-12 22:40:00 Plano Real Estate Overall Results - September 2009 So, how did Plano Real Estate do this past month? The answer is better. For the month of September sales were down 10%, Dallas was down 8%, at least going toward single digit results. Price per sq ft. is $95. which is only down 1% from a year ago. You should be glad you live in Plano. Sold to list price is 97% which means properties that are priced correctly, that have come down in price are selling at this acceptable level. Days on market are 59 days, down 11% from last year. Pending sales are only down 4% and more properties are actually closing in less time. Normal escrows are back to a 30 day close, less or more depending on the lender. What Plano needs now is more inventory, new listings are at 314 which is down 10% from last year and active listings are 997, down 22% from last year, months inventory is at 4.3, which is low. On a year to date note, the average price in Plano stands at $261,312,...
By: Plano Blog
Yeah for Canadian Real Estate!
2009-10-08 03:58:00 Canadian real estate is on the road to recovery."On balance, given the recent unbelievable strength in the Canadian housing market, the modest downshift in sales in August should not be seen as anything other than a brief respite in what has been a remarkable recovery in the sector," said TD Securities economics strategist Millan Mulraine."Even so, we believe that Canadian housing market activity in the coming months will be relatively tepid as the sector consolidates the gains made since January." Read More
Real Estate in Delhi is getting 2010 Commonwealth ready
2009-10-02 14:24:00 2010 Commonwealth Games Construction Site in Delhi is a 118 acres of land near Yamuna, beside the famous Akshardham temple. Games Village is the Government plan to transform the capital into a global city. Like most of the real estate development happening in Delhi NCR as part of these plans, the Games Village too is being built by private builders ? the MGF group in partnership with the Dubai-based Emaar Properties. The site will be ready by the end of next year, according per some reports with its own share of controversies. read more
Edmonton Real Estate Market
2009-09-24 01:45:00 The market in Edmonton is finally balanced again. Although prices are a little lower, less than 1%, than what we saw in August last year."Although sales numbers cooled a bit after record sales in June and July, we are still experiencing the strength of the market in Edmonton," said Charlie Ponde, president of the Realtors Association of Edmonton.June and July saw sales rise 28% over the same period one year before; low interest rates and great deals were probably behind the jump in activity. Seasonality could be in effect as well were winter saw a near freeze. The market picked up in the warmer weather.Alberta's economy will make a comeback in 2010--strong enough to contribute to the national recovery, yet modest enough so that we don't see the problems associated with the break neck growth we saw in the mid 2000s.
Revealed: The state of the international real estate market in Belize
2009-09-22 03:59:00 One of the frustrating things about investing in real estate in Belize (or elsewhere in Central America for that matter) is the difficulty of getting hold of objective market data. There are no easily accessible central databases or comprehensive Multiple Listing Systems to research. Buyers are often left with information they receive from real ...
Estate of woman beat by heroin supplier sues supplier and his parents
2009-09-21 22:50:00 The estate of a 20 year old woman is suing the man who allegedly supplied her with heroin and beat her to death as well as the man's parents. The complaint, filed today in the Circuit Court of Cook County, states that in the early morning hours of June 29, 2008, defendant Thomas Young, who was 21 years old at the time, bought heroin and then invited decedent Gina Dominick to go to his parents' house in Prospect Heights where "he would supply her with some of the heroin he had purchased." The complaint further states that Gina went to the home owned and occupied by defendants Chester and Teresa Young with Thomas Young where Thomas Young then "violently struck and beat" her. Elsewhere in the...
August 2009 Real Estate Statistics and Indicators Report
2009-09-21 17:07:00 Alright, the August 2009 Real Estate Market Report from John Burns Consulting is ready for ya… The country’s recession has made the real estate market very volatile and difficult but it has practically burned out the construction business. * Lending has become tougher so there are fewer spec houses built. * The demand for new homes has ...
When is an Estate Sale Not an Estate Sale?
2009-09-21 04:22:00 On our tour of sales together last Friday, Stephanie, aka Love in the Time of Foreclosure, told me the story of her house sale. She and her husband held a giant clearing-out of furniture and belongings just before they moved from California. They advertised it as an estate sale, but one shopper insisted they were wrong....
Hosting Change on Phoenix Real Estate Guy
2009-09-20 02:18:00 I just flipped the big virtual switch. We’re now hosted with Rackspace Cloud. The name servers could take a day or so to propagate, so you could be served up from either Media Temple or Rackspace over the weekend. This could produce some wonkyness in regards to comments – if someone gets the MT version and comments, those that get the RS version won’t see them. And vice versa. It should all be sorted out very soon. If you see something broken completely, please let me know! You are currently on the new Rackspace server
Hills at Prestonwood and Indian Creek Real Estate Market Conditions
2009-09-19 18:28:00 Hills at Prestonwood - Indian Creek Real Estate Update These days you need to know the numbers before you buy or sell and it's good to take a look at the current trends by neighborhood. You can see the Hills at Prestonwood and Indian Creek sales are better than the spring season 9 vs 11. The median sales price has come down considerably due to the lower end market being much more active, under 500K due to scarcity of jumbo loan financing. 417K is the threshed before you jump into jumbo lending. The sale to list price is 94.68% which indicates some properties might be priced too high in the beginning because sellers are making concessions. As far as inventory goes almost 70% of the homes are selling within 90 days. You can bet the other 30% are high end properties over 600K. Pending properties has picked up (waiting to close). If you have an opening price point home, chances are you have a great chance of selling it within 30 days and it looks li...
By: Plano Blog
Obama, Bueller, condo associations in Chicago real estate news this week
2009-09-19 16:44:00 It's a bit of lifestyle of the rich and famous in this week's news round-up: 1. YOU can be Obama's next door neighbor if you can prove you can pay upwards of 1.5 million, explain why you want the house in the 5000 block of South Greenwood, and pass a secret security screening. No MLS listing for this one. 2. Cameron Frye's house might be torn down to create multiple lots The $2.3 million listing has received several inquiries from developers about tearing it down to create multiple lots for new houses. now you have a decision: Bueller or Obama? 3. Dreamtown Realty reports the biggest sale of the year so far The $5.6 million, six-bedroom, 5.5 bath sold in 56 days at...
Real Estate Marketing Campaigns: Aim Before You Shoot
2009-09-19 16:24:00 I received the Google Analytics newsletter the other day in the mail and it got me thinking about long tail keywords. But Peter Kolat has already written some great posts about that subject, so I shifted my thinking more generally to targeting your prospects. Because that?s what using long tail keywords is really about, after all ? honing in on the prospects that are searching specifically for what you offer. What?s in it for me? Let?s do a thought experiment: Imagine you?re looking for someone to clean up and fix the houses you buy before you flip them. You happen, just as you?re thinking about it, to get three postcards in the mail.This Article is Copyright © 2004-2009 BiggerPockets, Inc. All Rights Reserved. Real Estate Marketing Campaigns: Aim Before You Shoot
Commercial Real Estate: The Iceberg is Melting Faster!
2009-09-18 17:24:00 This isn't a global warming post in any sense of the phrase. Unless, of course, it is your bank account that is melting away faster than you care for it to melt away. This post is a kinda-sorta extension of last week's post in which I said a new wave of foreclosures is in the immediate future. My statement was based on the commercial real estate market and lo and behold the very next Monday, Corus Bancshares Inc. was seized by the Feds. As it turns out, CBI financed a 377 unit condo called The Montage in downtown Reno. Several years ago the latest craze to hit this city was to take shuttered casinos - yes, casinos go belly up - and convert them into condo complexes. This particular complex had units priced from $150,000 to more than $1 million. This was during the high flying years. Today these same units won't fetch $10,000 no matter where they are located in the complex. My youngest son was in the market at about that time for a dwelling. He liked the idea this complex wa...
Real Estate Tip for Sacramento Home Buyer
2009-09-18 15:30:00 Sacramento, CA Sometimes it seems a little overwhelming when you first think about buying a house or condo. As a Sacramento Realtor ® helping home buyers, home sellers, investors and buyers relocating to the Sacramento area, I explain to home buyers the details of home buying. Disclosures are just one of the many aspects of home buying. ...
Windhaven Real Estate Market Conditions
2009-09-18 00:17:00 Windhaven Market Conditions It's no secret that inventory is low in some West Plano neighborhoods. So the good houses go quick, meaning updated and nothing to do unless you have a buyer that wants a project. The biggest shout out is that around 70% of the listings in Windhaven sell within 60 days and 92% sell in 90 days, that's good news for sellers. And for home buyers: it's a great location in the Willow Bend area. Also you can see the sale to list price is 100% for homes on the market for over 120 days...and that's because the home was overpriced in the first place and by the time price reductions are taken, slowly but surely, the price gets low enough for a buyer to buy for the condition of the home. It's a painful journey.... [where:75093, Windhaven Real Estate, Market Update]
By: Plano Blog
Meet the Investor: Interview with Real Estate Investor, Will Barnard
2009-09-17 23:14:00 Its that time again . . . where we get to meet another successful real estate investor. For those of you who are unfamiliar, we will from time to time, interview investors on BiggerPockets for our Meet the Investor series. With that in mind, we've got a great interview for you with real estate investor Will Barnard. Will has been one of the most active members of BiggerPockets over the course of the last year or so, and has given back much to others in the community. He is a great resource and a nice guy. With that in mind . . . Meet Real Estate Investor Will Barnard How long have you been investing in real estate full time? I started investing in 2004 and went "full time" in 2006. What attracted you to becoming a real estate investor? I have almost always been self-employed and I am a true entrepreneur at heart. I have always been interested in real estate investing; in fact, I was out looking at homes to buy, rehab and flip back in 2000, but never pulled the trigge...
Real Estate Investing Keys to Know
2009-09-17 21:40:00 It is likely that you think of a number of things when you hear the words real estate investing. You might immediately leap to real estate investing being real estate portfolios and real estate retirement plans or you may think instead of short sales, bulk reo investing and virtual real estate investing. Likely you also ...
Placer County Real Estate Market Report
2009-09-17 19:33:00 Have you been anxiously awaiting the single family home sales report for August in neighborhoods like Roseville, Granite Bay, Rocklin, Lincoln and Auburn? I finally got the time to put the August 2009 home sales report together for you. Be sure to click and check out your specific neighborhood for the real estate trend in your ...
Willow Bend Real Estate Market Conditions
2009-09-16 22:40:00 Current Market Conditions for Willow Bend If you want to know the truth about real estate you really need to drill down to each sub division to see what's really going on. General information is good but rarely depends on your exact location. The report below is just for Willow Bend, a glimpse into this area. The results go back to September of last year when the bottom fell out and things got quieter. The current last 3 months of sales is better than the prior, much better. The absorption rate is important because it tells you how deep the inventory is. Now 7.67 months supply is not ideal but financing issues on jumbo loans have a great deal to do with that. Median prices have adjusted considerably and you do have to figure in a few foreclosures for that. Days on market are almost 50% lower than a year ago, a good sign. And sale to list price is better also at 96.48%. As a buyer you can see that activity has picked up and going the right ...
By: Plano Blog
10 questions you must ask the real estate developer before you buy
2009-09-16 19:58:00 Master-planned communities in Central America come in all shapes and sizes - from small condo buildings to developments covering thousands of acres offering resort style amenities. Many offer pre-construction sales where you buy before you see the finished product. Great gains can be made as properties are offered at a discount. But you have ...
Can Real Estate be Spiritual? Real Estate Mom answers a LITTOF reader quest
2009-09-16 16:58:00 Happy Wednesday, everyone! Today I'm answering a question from LITTOF reader Jo of New Zealand:I'd like to ask your mum about doing real estate business in a "spiritual" way. Not sure that's the right word, but cannot think of another! What I mean is this:So many real estate transactions I have been involved in (as both buyer and seller) have been anchored in "business" or "profit" or "commission". I appreciate that realtors have to earn a living and am happy to pay a commission to someone who successfully sells my home. But how do I filter out the puff and the patter? What are the signs I should look for which tell me that a realtor is truly out for...
Real Estate Investing Tools & Tips
2009-09-16 14:42:00 The term real estate investing likely brings a number of things to mind. You might immediately leap to real estate investing being real estate portfolios and real estate retirement plans or you may think instead of short sales, bulk reo investing and virtual real estate investing. Likely you also wonder how these things will factor ...
Real Estate Prices Stabilizing in Alberta
2009-09-15 03:10:00 "The difference in the resale housing market now, compared to the beginning of the year, is night and day and nowhere is this more evident than in the West," said Dale Ripplinger, association president."Homebuyers recognize that interest rates and prices have bottomed out, and are taking advantage of excellent affordability before prices and interest rates move higher."A five-year fixed-rate mortgage, the most popular among consumers, is still available for less than four per cent at some financial institutions.Variable-rate mortgages, tied to prime, remain at about three per cent and are not expected to rise until June. The Bank of Canada has pledged not to change its lending rate until then -- but it is not an ironclad guarantee.The low rates seem to have worked and have the market even hotter than in 2007, a record year. July sales in 2009 were 3.9 per cent above the previous July high set in 2007.It has been a stunning reversal for a real estate market that had almost ground to ...
Real Estate Investing in 2009 And Beyond
2009-09-14 16:08:00 A number of things likely come to mind when you think of real estate investing. Depending on how familiar you are with real estate investing already, you might think of real estate portfolios and real estate retirement plans, or you might focus on short sales, bulk reo investing and virtual real estate investing. You likely ...
Sacramento Real Estate Trends for 2009-2010
2009-09-14 15:30:00 Seems there is a rumor that Real Estate is turning around in Sacramento. I keep hearing that from people I run into and it surprises me. That is not what I am finding. Home sales were down last month for a very good reason. Most homes for sale are Short Sales and they take feverishly ...
Queensland Real Estate Investment ? Is This The Time?
2009-09-14 03:00:00 Has the time come to take a second look at the fire sale property market in Queensland? Well I’m not sure but I think it might be time to check out a bargain, particularly if you are looking to live in a modern Queensland apartment for at least the next 10 years – and here’s why I say that. Read more on Queensland Real Estate Investment – Is This The Time?… |
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