Real Estate News

Multifamily houses and rental buildings will lead real estate's recovery, and signs are it could happen before the end of the year.

The real estate market is in limbo with housing construction down 47.3% from last year, as investors and homeowners expect the crippling market to respond to President Obama's $75 billion program aimed at halting home foreclosures. But the question remains: Which pieces of the real estate pie will stay down the longest?

As a Realtor I ALWAYS surf the MLS for deals. I found a house for 74,900 and assessed at $192,000. House needs plumbing but a great deal. PM back to me for more info!!!

Also, Golf Course for $2,225,000 in Westfield, MA with Professionaly run onsite PRO, and Banquet Facilities for 400 plus professioanlly run by major catering company...

PM back to Agent Greg.....

I was listening to the news in my area and they were talking about putting a cap on property value assesments in my state. I was wondering what others might think of this and how it might effect the property values in my area. I can see some good in this it means that my taxes will not increse as fast, Considering at one point the value on my home was about $150,000 which was good for me cause my 7 year old home is paid for but, I worry that it might also effect propery value going up in the future.

Just wanted to share.....

The jobless and many of those who owe far more than home is worth won't benefit much from Obama's foreclosure prevention plan.

NEW YORK (CNNMoney.com) -- Don't have a job?

Struggling to keep up with payments on a home worth less than half the mortgage?

Owe way more than your home's value, but can still afford the payments?

Sorry, but you likely aren't among the 9 million people who may get help under President Obama's $75 billion foreclosure prevention program.

House Flipping and the New FHA Seasoning Regulations
Posted on October 19, 2008

The popularity of wholesaling is evident in the number of house flipping shows we see on cable tv. Many new and seasoned investors see house flipping as the perfect way to grow one’s investment and even earn a living. However, it’s also being misused by fraudsters.

Real estate got us into this mess in the first place. Will it also get us out?

Given how hard it is to predict anything related to the economy, is now a good time to invest in real estate? That's a topic that Foolish retirement expert Robert Brokamp picks up in this month's issue of Rule Your Retirement. In looking back at the history of real estate investing, he notes that while REITs have had extremely high valuations for years, the combination of low share prices and high yields now make them look more attractive than they have in a long time.

In an article posted on Forbes.com on Jan 28, 2009 the objective of seeking out poor markets is highlighted in stats in this article.

http://www.forbes.com/2009/01/28/reits-housing-prices-intelligent-invest...
This week saw signs of health in the housing market as existing-home sales rose 6.5% in December. As sales have increased, prices have fallen, down 15% to $175,400 for the median home. Home prices are now approaching 2004 levels, which is about a year after the real estate bubble started to form.

While the good news is found per the media... the good news for investors is that more opportunities are opening up everyday at better prices. The market may never be the same again but the fundamentals of the business never change.

This article was found at: http://www.time.com/time/business/article/0,8599,1873081,00.html

Special Report: IRS Intensifies Attack
Against Real Estate Professionals

by Diane Kennedy, CPA and Tax Strategist

It looks like the IRS has hit pay dirt with their targeted audits of real estate professionals and real estate investors. From the emails and phone calls we've received, the number and voracity of the audits against real estate investors and real estate professionals is increasing.

9 Housing-Market Head Winds for 2009
By Luke Mullins, USNews.com
Dec 19th, 2008

With home prices having dropped a painful 21 percent from their 2006 peaks, property owners everywhere could use a splash of good news in their New Year's Eve cocktails. But as a nasty recession is now part of the picture, the chances of an aggressive housing market rebound next year are dim. "A lasting recovery in the housing market?" says Mike Larson, a real estate analyst at Weiss Research. "I don't see it in the cards until the back end of the year—if that."