Mid week we learned that sales of new homes were up quite a bit. That led the media and lots of blogs to speculate that perhaps we had hit the bottom of the housing price correction. They gleefully looked to the Friday resale numbers.
Then on Friday, the resale numbers showed a further decline in housing [...]
Continue reading about Why is Everyone Confused by the Housing Numbers from Last Week?
I got a great email today.
Tim,
I was over at your favorite site today and one of the posts made me think. It was about why the housing industry uses median instead of average home prices when reporting market data. I got to thinking about that and the examples they give are pretty compelling and I’m [...]
Ever since I was pointed to Keith Brand’s blog I was puzzled and the more I looked into things the more puzzled I became.
He sold his condo in AZ near the peak of the market there, apparently to an investor from Chicago. It appears he still rents his old digs from that new owner. Ok, [...]
Continue reading about Okay, I Admit It, Sometimes I Just Can’t Let an Apparent Puzzle Go.
http://www.nydailynews.com/news/2007/05/19/2007-05-19_apartment_at_plaza_goes_for_a_big_sum_50.html
<sarcasm>Yep, the panic is setting in. </sarcasm>
Are you tired of expensive seminars and boot camps long on hype and short on help?
Are you tired of gurus pushing expensive coaching programs to get questions about their books answered?
You are not alone! The Field Guide for Real Estate Investors is a resource for any serious investor looking [...]
Isn’t it funny how different people look at the same data and interpret it differently? What is funnier is when they take a piece of data and force it into their own preconceived desires for the world around them.
Tuesday morning the CPI numbers were released. The “core” number shows that inflation is not gathering steam [...]
I subscribe to a large number of email lists and I read them. However, due to family needs I have not stayed on top of them over the last week. So, this morning was catch-up time and I read all of the ones I had put off “for a few days”. It was an interesting [...]
Continue reading about This Morning was Catch-Up Time and an Interesting Observation Emerged.
Lenders are faced with a huge backlog of homes from foreclosure. Some are turning to auctions to deal with the backlog.
For the smart investors who have been preparing for this, the next few months are going to be great.
You can read more at http://www.realestatejournal.com/buysell/markettrends/20070515-hagerty.html
Are you tired of expensive seminars and boot camps long on hype [...]
There is a fairly popular show on A&E called Flip This House that purports to show an investor buying, rehabbing and selling distressed properties. They make it look fast and relatively easy. The original crew, TradeMark Properties in Charleston, SC have left and are now doing The Real Deal on Discovery.
Anyone real investor who has [...]
Therefore, while some areas like California and Florida are seeing declines other areas are seeing increases, some in the double digit area.
Seattle is an area experiencing a double digit appreciation rate now. Other areas doing well that I am personally familiar with are Raleigh-Durham, Charlotte and Houston. There are others but the point is, as [...]
Continue reading about One of the Really Neat Things about the US Economy is it is not Monolithic.
Builders are facing lawsuits from buyers no longer wanting to close.
http://www.realestatejournal.com/buysell/markettrends/20070507-corkery.html
In the latest fallout from the housing market’s decline, disputes are breaking out between builders and buyers who signed contracts for new homes and condos when the market was hot — and now want to get out of them.
Even as many of the new buildings [...]
Continue reading about The Builders Nightmare is Heating Up.
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