Real Estate News

It is hard to be enthusiastic about the economy’s prospects as long as house prices are declining. A house is usually a household’s most important asset; many small-business owners use their homes as collateral for business credit, and local governments rely on property tax revenues tied to housing values.

Most worrisome is the risk that housing will resume the vicious cycle seen at the depths of the last recession, when falling prices pushed more homeowners under water—their loans exceeded their homes’
market values—causing more defaults, more distress sales, and even lower prices. That cycle was broken only by unprecedented monetary and fiscal policy support.

This article can be found at: http://www.linkedin.com/news?actionBar=&articleID=450412668&ids=0MejwUej...

Pending home sales increased in February but with notable regional variations, according to the National Association of REALTORS®.

The Pending Home Sales Index, a forward-looking indicator, rose 2.1 percent to 90.8, based on contracts signed in February, from 88.9 in January. The index is 8.2 percent below 98.9 recorded in February 2010. The data reflects contracts and not closings, which normally occur with a lag time of one or two months.

Home values are falling at an accelerating rate in many cities across the U.S.

The Wall Street Journal's latest quarterly survey of housing-market conditions found that prices declined in all of the 28 major metropolitan areas tracked during the fourth quarter when compared to a year earlier.

The size of the year-to-year price declines was greater than the previous quarter's in all but three of the markets, the latest indication that the housing market faces considerable challenges.

Inventory levels, meanwhile, are rising in many markets as the number of unsold homes piles up.

Home values are falling at an accelerating rate in many cities across the U.S.

The Wall Street Journal's latest quarterly survey of housing-market conditions found that prices declined in all of the 28 major metropolitan areas tracked during the fourth quarter when compared to a year earlier.

The size of the year-to-year price declines was greater than the previous quarter's in all but three of the markets, the latest indication that the housing market faces considerable challenges.

Inventory levels, meanwhile, are rising in many markets as the number of unsold homes piles up.

This article can be found at: http://www.realtytrac.com/news-trends/agent-newsletter/current.html?a=b&...

During the go-go days of the housing boom, thousands of amateur speculators rushed into the real estate market to buy and quickly sell new houses and condominiums even before developers could build them, as rising prices and easy lending financed their giddy dreams of real estate riches. Today, in a declining real estate atmosphere, a new breed of flipper is emerging: professional cash buyers.

just wanted to wish all dg'ers a happy and prosperous new year.
2011 is going to be our best year ever, as joe and stacey like to say," believe and achieve!!! "
let us all remember happiness doesn't cost a thing and money doesn't buy happiness. not having to worry about money however DOES!!! LOL
keep moving forward, rob

Article Source
http://www.ehow.com/how_5307873_build-real-estate-buyers-list.html

• For the real estate Wholesaler building a buyers list must be an ongoing process if a wholesaler is ever going to be successful. There are many tactics to building a buyers list. Here are a few.
•
Search the newspaper for ads that say "I buy houses", "Cash for houses" etc... once you find them call the number listed in the add. Ask the Investor what type of property they are looking for. Get all of their information, email, phone number etc... I suggest using a notebook to keep record of all of your buyers information.
•

This article can be found at:

http://www.vancouversun.com/business/Five+reasons+home+equity+growth+mor...

An Arizona builder recently said he feels like the Maytag repairman, as it has been more than two months since he welcomed a prospective buyer to his two model homes.

The builder's homes share the neighbourhood with foreclosed homes. The once-lush landscaping has been reduced to tumbleweed. Shifting sand obscures street curbs. Graffiti artists have come and gone.

It's no better in the eastern part of the Land of the Free. In Buffalo, N.Y., tired neighbourhoods are havens for drug dealers and other miscreants. In one 210-home community, 73 homes are vacant.

This article is found at:
http://news.assetz.co.uk/articles/5416.html

The upturn in US property sales can be attributed to recent price falls in the country, new figures show.

The latest index from CoreLogic has revealed a 1.5% decrease in US property prices compared to last year, although many districts are experiencing much sharper drops.

CoreLogic surveyed 100 metropolitan districts and found that 78 had experienced a decline in real estate values.

Idaho was the hardest hit, with property prices slumping 14%, while there was a 10.4% fall in Alabama and 7.3% decrease for Utah.