Real Estate News

Kochi is one among the very few cities in Kerala that has witnessed a lot changes and developments in the last twenty years, the main reason that has tremendously increased the property value of this little stretch of land. Property prices have soared in unpredictably high in the last twenty years, and keep increasing every day, thus making Kochi a hot destination to make profitable investments in real estate, in order to yield good and stable returns. People are not only keen on properties in Kochi, but have also started investing in apartments and flats in some of the best premises in and around the city.

Just a few facts that might be useful that you should know about your agent or any agent you might work with. I thought it highly interesting the amount of home sales from a Realtors website. I think you will as well.

Hours worked by all REALTORS® (nationwide): 40 per week

Gross personal income by hours worked: $49,000 (median for 40-59 hrs.)

Percent of business generated by REALTOR® personal web site (all REALTORS®):

Zero: 34%
6-10%: 16%
11-25%: 11%
26-50%: 6%
26-50%: 5%

Real estate experience of all REALTORS® (median): 11 years

REALTORS® by gender: Male 40%; Female 60%

Formal education of REALTORS®:

Some college: 31%
Associate degree: 11%
Bachelor's degree: 29%
High school graduate: 9%

real estate in kerala offers great prospects for the real estate builders and property dealers in the state. High investment returns can be expected from the real estate sector in the state. Earlier, the real estate dealers in Kerala used to get maximum benefits from the Kerala tourism industry. Nowadays equal profits are obtained from the IT industry too. Demand for commercial spaces has increased. The number of IT parks, multinational companies, and commercial malls are on the rise. The land owners and dealers near such establishments also avail high profits, since the demand for the land and its cost are on a constant rise.

For the second time in five months, Bank of America is tapping the red-hot market for foreclosed homes by seeking bids on a bulk offering of several hundred single-family homes.
Over the past several weeks, the nation's second-largest bank by assets has solicited bids for a bulk deal that includes up to 500 largely vacant single-family homes, some of which BofA acquired after its merger with Countrywide Financial, according to several sources within the real estate and mortgage sectors. Countrywide was one of the largest subprime lenders in the United States.
The bulk deal, which includes foreclosed homes in California, Florida, Arizona, Texas,Pennsylvania and Georgia, is one of the biggest block offerings of foreclosed homes ever done by a bank, these sources say.

Bank Of America anounced today that the home owners they have funded who have lost the house, they will be their landlord. In three states, New York, Navada, Florida. They will rent it to them for up to 3yrs. Lower then their mortgage. I imagine taking out the taxes and insurance.

This will put a little problem for some investors. Certainly a little more limiting

From Yahoo Real Estate
http://realestate.****/promo/richest-counties-in-america.html

notice most of these are close to D.C

Your tax dollars at work

New investors seek money to get deals done. Hard money lenders have Loan-to-Value limits 65%, transactional funding...may work if all the stars align at the same time...

Where are the investors who seek great deals but don't have time to find them all. Wholesalers provide for that opportunity.

Do you have lenders with great programs?
Do you want to partner with a wholesaler, short term?
Can you invest in properties now?

I can't be the only one asking these questions...I'm glad to hear from those who can share those success stories...maybe it will be of great benefit to many!!!

May you find a winning strategy!!!

I was cruising around google in a search for a market indicator that could give a day to day graphical representation of the real estate market condition. I found this link that may be of some help.
The actual link for the indicator is on the right side of the page near the top.

http://www.djindexes.com/realestate/

Inman News
10 Markets to Watch in 2012

By Andrea V. Brambila

While national home prices and sales may not recover to their historical levels until 2013 at the earliest, some local housing markets always outperform others in any given year.

In this second annual report (see last year's report: Top 10 Markets to Watch in 2011), Inman News examined housing, economic and demographic data for metropolitan areas nationwide to identify 10 housing markets to watch in 2012.

Follow the link below to read that the US Gov't and Large Investment Groups with DEEP pockets are moving into the SFR rental market, why and where.

peace, Dana

http://www.linkedin.com/news?actionBar=&articleID=5565679411811844106&id...