Real Estate News – Mixed Economic News Bodes Well For Real Estate Market

Some “mixed” news was announced by the National Associations for Realtors today. But I think the news is FAR more positive than negative.

First, the “bad” news: In February, median home prices took a sharp dip of 8.2% nationally. Clearly, the carnage in the real estate market continued last month with a vengeance, as that drop is the sharpest in history.

But the silver lining is this: Buyers are returning to the market. Existing home sales increased 2.9% in February. That’s the first time in six months that there’s been any positive movement in existing home sales. This suggests to me that the prices are becoming too good for buyers to overlook. And that’s a very positive thing for the U.S. (and world) economy.

You may recall from my previous articles that I have a gut-level optimism that things are going to get better in our economy pretty soon. I think this report is a good indication of that.

In any market scenario, an increase in buying that intersects with a drastic price decline can be explained in one (or both) of two ways: (1) The market decline has begun to slow and will soon be at a bottom or (2) The market has hit bottom and already beginning a rebound.

I suspect the second alternative. I don’t expect we’ll see a screaming real estate market like we did earlier this decade, but I do expect the market will begin a new uptrend of rational growth. Again, this is mostly my gut-feeling conjecture, but it’s what I believe. And it’s the assumption upon which my money is being invested.

Posted in Uncategorized | Comments Off

The Real Story Behind National Real Estate News

Newspapers thrive catchy headlines that can sum up the drama of the day. But it’s important to read with a critical eye, especially when you see a blanket statement at the top of the page like “National Home Sales Plummet.” The headline looks good, and it’s likely to turn heads, but how true is it? It may be true on average in recent years that fewer homes are being sold across the United States, and at lower prices. But many large markets across the nation are doing well, or improving. Unfortunately nothing gets in the way of a good headline like subtlety, and those inconvenient subtleties have forced the media to cast a shadow over some very bright real estate stories.

One of those bright stories is the Kansas City, Missouri real estate market. Home sales here have been especially strong in recent years, and show no signs of slowing. The area’s strong economy is attracting new residents from across the nation, and home construction has risen to meet the demand for real estate. Kansas City’s central location on the U.S. map also makes it an ideal spot for corporate headquarters, with five Fortune 500 companies, and the privately owned Hallmark Cards, based here. Spread across more than 500 square miles, Kansas City offers a lot of room for expansion, and more than 150 attractive neighborhoods.

Kansas City is more than just an isolated success story – it’s good example of why the national real estate market appears more stalled than it really is. Home prices here didn’t skyrocket during the real estate boom of the early part of the decade, and were unaffected when the markets softened in other parts of the nation. Instead, local home prices have risen steadily through the boom and afterwards, making the area particularly attractive to investors.

While more expensive real estate markets such as Marin County California, and Montgomery County, Maryland, have slowed, many affordable markets, like Kansas City have thrived. The Kansas City example is mirrored on a larger scale in Detroit, Michigan, where home sales have risen nearly ten per cent annually in recent years. Other strong markets after the boom include Madison, Wisconsin, and Phoenix Arizona.

While it’s clear some real estate markets aren’t as strong as they were a few years ago, areas like Kansas City, and Detroit can show us how national average home values could fall while still being as strong as ever in many places. That’s something the newspaper headlines don’t always mention.

Posted in Uncategorized | Comments Off

Neighborhood News – Real Estate News For Buyers – Sellers And Homeowners

Looking for local facts and figures? Get them all free.

It seems that many of us are fascinated by facts and figures. National news reports are filled with financial, economic and research statistics from a variety of sources. How did the financial markets perform? What does the average house, automobile or gallon of gasoline cost in this country? Most of these statistics are all readily available on the Internet with a few clicks of the mouse. But you may face a greater challenge if you’re looking for information on a local level.

The good news is that even though many of these neighborhood facts – income, age, households, education, employment and more – are available on request in a single report that’s tailored to your own neighborhood. Neighborhood Reports include city, county and state facts. For public and private schools, information, such as enrollment, high school rankings, funding, Parent Education, income and more.

Interested in housing? Find out about renting versus homeownership, local sales, price trends, current listings and more. Neighborhood Reports even include climate information such as average temperatures and precipitation. Ask your local real estate professional for a free, no-obligation Neighborhood Report – for any neighborhood in the U.S. These reports are great sources of information are completely customizable for you, and are a great way to learn more about your hometown or any town in the U.S.

The sub-prime issue – what’s it all about?

One year ago, most homeowners probably couldn’t tell you the difference between sub-prime lending and a submarine sandwich. Today, the term “sub-prime” generates heated controversy and is prominently featured in national news stories.

According to mortgage expert Jack Guttentag, a sub-prime lender is one who provides mortgages to borrowers who do not qualify for loans from mainstream lenders. Sub-prime borrowers typically pay higher rates and fees than those with good credit scores. Sub-prime lenders must charge higher rates and fees to cover increased risk and higher costs.

Why the controversy? Many U.S. homeowners are facing issues with their mortgages, including losing their homes, because of sub-prime lending, interest-only loans and other types of “creative financing.” Critics are pointing the finger squarely at sub-prime lenders for steering borrowers into unaffordable loans. Looking back, it’s become obvious that many lenders had lax standards and were careless about properly qualifying borrowers, many of whom are now struggling to make payments. In truth, compared with conventional loans, a higher percentage of sub-prime loans go into default.

Mortgage industry professionals point out that not all sub-prime lenders are unscrupulous, and that many borrowers with poor or no credit are now homeowners because of sub-prime financing. The controversy is likely to continue, but the best advice to borrowers may be to work on improving their credit scores and heed the old “buyer beware” adage in any type of mortgage financing.

Annual percentage rate is the cost of credit, expressed as a yearly rate. It is higher than the associated interest rate because it includes fees associated with borrowing in addition to interest.

Posted in Uncategorized | Comments Off

Choose One Reliable Source for All Real Estate News

If you are a property investor and you want to stay informed of the latest in the property market then you need to keep in touch with all the sources which are reliable sources of news related to the world of real estate.

This real estate news can not only help you in staying updated with the latest information but also help you in knowing about the trends in the market. These trends and the news help you in making informed and wise decisions. If you are in this property business then you need to have local and national news on real estate. Just like any other business there is lot of competition in this field as well.

Good sources of news have panel of experts from real estate world and these experts analyze the trends and news and help you in easy understanding of the news. These news sources are very helpful for the beginners in this market. Apart from news and information, you can find good deals locally. You also learn the ways to find good deals but also learn the ways to settle deals faster and more effectively than the competitors in the market.

These channels of news are effective in saving time and money that you spend for getting the latest news from the world of real estate. We can make use of the latest technology for getting this news. This technology is evolving rapidly and you can get the news through these sources but we need to make sure that the source of information is reliable.

Here are some benefits of choosing a good news channel:

- Reliability of information:

A good source of information can be characterized by reliability of the information. If the information is not reliable then it can make you run into losses. One bad deal can throw you out of the competition and good deals can help you in growing fast.

- Easy availability

You must focus on a source which can be one complete source and which can provide all the local and national news from the property market. The information and news must include news on auction results and complete real estate news. This will end the need for finding other channels of news. This will make it easy for you to track updates and stay focused on just one channel.

- Centralized services

Centralized services make it easy for you get the news conveniently. Even if you have to pay for getting news then you would have to pay only to one source and still have all the information, tips for the trade and advice for the experts in the market. A centralized source which is reliable enough, is sufficient for any property investor to get quality news for taking business decisions and making choice.

Most importantly, if you subscribe or follow many news channels or sources, then it is humanly not possible to read all the news, follow all the tips and chase all the deals. This is why you must stay focused on one source and focus on the strategies that you learn from it.

Posted in Uncategorized | Comments Off

Be Updated With Property News and Real Estate News

A property investor can achieve great success by keeping himself updated with property news and real estate news. Real sector is nowadays booming with increased transactions in the property in the day to day life. The main reason behind this is the need of the property and its increasing value.

Employees of real estate such as real estate agents, brokers, dealers, property dealers and brokers carefully monitor and handle transactions in the property field. With their expertise, these people can create accurate transactions.

Before purchasing any property, a property investor should carefully study and do research about that particular property. If you are one of the investors, you can also refer to a property magazine which can provide you useful tips which you can use to examine an investment. This magazine contains information about the best news of the business world such as features, views and opinions of experienced investors.

Few providers of real estate news and property news even offer a money-back guarantee if at a given time you don’t earn the profit promised by this news. Nevertheless, these subscriptions are offered for the short contract period and prove cost-effective for the investors.

If you are in real estate business, then you can make a newsletter. To make a newsletter is a tough task as it requires excellent writing skills and right materials to make it more useful and effective. This letter also requires expertise in marketing skills to know what and when to sell your products.

For new investors, who are planning to invest in a real estate market and property market can go through following tips to make their investment a worthy one. One of the most important tips for the first-time property investors is to stay updated with real estate news and property news.

Following are some tips for first time property investor:

• Be specific – Kind of property you want to invest in. Being specific about the kind of property will help in making your search refine and narrow.

• Do some research and study – It is important to do some research before investing in any kind of property. You should study property values and how they change, popular properties and even property values when you are offering to purchase.

• Make sure that your finances are in order – Even if it seems obvious, it is a common mistake done by first-time investors. By making sure that your finances are in order before investing as it would refine your budget and you would be in a better position to make an offer on a property when you find one that is liked by you.

For studying more information about real estate news, property news or property investor you can surf various websites on the Internet.

Posted in Uncategorized | Comments Off