By Kim Olson With the real estate market soft many homebuilders, especially large corporate homebuilders are still struggling. Real estate analysts say that the recovery will continue to be slow through 2011, and may in fact be a bit longer. Inventory of newly built homes is still high, with pending and closed sales down. Prices… Continue reading New Homebuilders Brighter Future
Category: Housing Market
Trump Should Hang it Up for President
By Kevin Chiu It was a decisive poll. Apparently Americans have seen enough of Donald Trump. A huge percentage surveyed say they don’t want to see “The Donald” run for U.S. President and he should hang it up. Nearly two out of three or 64% polled said the real estate billionaire should not run for… Continue reading Trump Should Hang it Up for President
FHA Hike Triggers Home Buyers Surge
By Mike Colpitts A surge in home buying activity is expected to develop as a result of the Federal Housing Administration’s announcement that it will increase charges to home buyers for upfront mortgage fees. The cost of mortgage insurance premiums will rise by 75 basis points April 1st. The increase translates to $750 for every… Continue reading FHA Hike Triggers Home Buyers Surge
Making Money in Real Estate
By Kevin Chiu Real estate has long been the preferred method of safe investing for reliable returns on investors’ money backed by a tangible asset. Not all real estate investing is low risk or will automatically yield high returns as many investors learned during the real estate bubble. But making money in real estate has… Continue reading Making Money in Real Estate
Tight Rental Market Squeezes Tenants
By Mike Colpitts A lack of rental housing for the first time in years in the multi-family residential market is sending the rental market into a recovery. Vacancy rates fell to the lowest level in 2010 in more than four years as a leading rental advisory firm forecasts higher rents in 2011. Witten Advisors, a… Continue reading Tight Rental Market Squeezes Tenants
Mortgage Hiring Frenzy Expected
By Mike Colpitts New government imposed regulations in the mortgage industry are expected to drive a hiring frenzy of mortgage professionals even after the industry lost more than 10,000 jobs in February, according to the Labor Department. Demand for new regulatory compliance analysts, accountants, internal auditors and financial analysts is expected to drive the hiring… Continue reading Mortgage Hiring Frenzy Expected
New Normal in Real Estate Arrives
By Kevin Chiu Like a delivery truck motoring up the driveway the “New Normal” in real estate has arrived packaged as a surprise. You can let it get you down, or make sure that you protect yourself and your family from the financial hand-cuffs that the New Normal may deliver. Real estate economists and analysts… Continue reading New Normal in Real Estate Arrives
Cash Home Sales Hit Record as Sales Decline
By Mike Colpitts Cash home sales hit a new record high in February as sales declined following three consecutive months of rising sales, according to the National Association of Realtors. Existing home sales dropped 9.6% to a seasonally adjusted annual rate of 4.88-million units from 5.4 million in January. Home buyers paying cash made up… Continue reading Cash Home Sales Hit Record as Sales Decline
Flipping Nets Big Profits
By Mike Colpitts Flippers who specialize in buying and repairing homes and then quickly re-selling them for a profit are purchasing them at foreclosure auctions and netting big profits, despite the down real estate market. Thanks to dozens of websites and A&E’s “Flip this House” TV show flippers have attained a serious reputation, and you… Continue reading Flipping Nets Big Profits
Baby Boomers Help Kids Buy Homes
By Kiesha Joseph Baby Boomers, the generation of Americans who are now between 45 and 66, are excited to be helping their children purchase homes. Born between 1946 and 1965, boomers have been a driving force in the U.S. economy for more than 30 years. Boomers are using what they’ve earned over the years to… Continue reading Baby Boomers Help Kids Buy Homes