By Mike Colpitts Don’t expect it to be easy work if you plan on flipping a home this year to make a profit, but there are a few places in the U.S. that are pretty good bets to cash in to make a tidy profit, despite economic woes. The best places to flip homes in… Continue reading Best Cities to Flip Homes in 2012
Category: Opinion
Clean Air Produces Higher Home Prices
Housing prices get a major lift from reductions of smog and other pollutants, according to a study conducted by the National Bureau of Economic Research. After all, given the choice who wouldn’t want to live in an area with plenty of clean air to breathe each day? The study was gathered by researchers Kenneth Chay… Continue reading Clean Air Produces Higher Home Prices
Housing the Margin Effect
By Lance Roberts Economist With each and every report comes “hope” that maybe, potentially, somehow the moribund housing market has finally reached its inevitable bottom and is now on the verge of the next great advance. Nothing could be further from the truth. I say this with a bit of pain because I am a… Continue reading Housing the Margin Effect
Energy Proposal Could Save Homeowners Money
By Jeanne Roberts In the modern world, mortgage appraisers calculate the value of residential real estate based on its age, location, square footage, general appearance, amenities, and tax burden. Many also include an amorphous “fudge value” to take into consideration intangibles like a superb school district, or the hazard-limiting value of being at the end… Continue reading Energy Proposal Could Save Homeowners Money
Banks Should Be Forced to Modify Mortgages
Americans believe banks have ripped all of us off big, judging by the results of the latest Housing Predictor poll. An over-whelming majority of those surveyed say banks should be forced to modify mortgages to help the U.S. economy, a new poll found. An astounding 83% said the same banks that got us into the… Continue reading Banks Should Be Forced to Modify Mortgages
Americans Feel Home Prices Won’t Improve
A new opinion poll shows that Americans feel home prices won’t improve enough in the next five years to pull millions of underwater homeowners out from being upside down on their home mortgages. The just complete poll found that 2 out of 3 surveyed or 66% don’t expect home prices to improve within five years… Continue reading Americans Feel Home Prices Won’t Improve
Americans Still Favor Homeownership
By Mike Colpitts In a major effort to tilt the scales of Congress in their favor, the National Association of Homebuilders commissioned a study to show Americans are still wildly in favor of homeownership, despite the inherent risks it poses. Results of the survey, which polled 2,000 voters found that three out of four still… Continue reading Americans Still Favor Homeownership
Survey Shows Mixed Results on Handling Foreclosures
Respondents to a new Housing Predictor survey seem as divided as Congress on how to handle the growing foreclosure crisis. However, the largest percentage or 41% of those who took the survey said that the U.S. government should just let homeowners in default on mortgages get foreclosed. The mixed outcome comes as the foreclosure crisis… Continue reading Survey Shows Mixed Results on Handling Foreclosures
More Lose Money Investing in Real Estate
Despite conventional wisdom being that real estate is one of the safest investments that can be made, slightly more people have lost money investing in real estate than have cashed out a profit, according to a new Housing Predictor poll. The online survey found that 37% of respondents have lost money as a result of… Continue reading More Lose Money Investing in Real Estate
Housing Appreciation Years Off, Survey Shows
Consumers say it’s going to take a number of years for the housing market to appreciate in value again, according to a new Housing Predictor online poll. More than 1 out of 3 surveyed say it will take more than five years for the market to improve. Another 19% or almost one out of five… Continue reading Housing Appreciation Years Off, Survey Shows