Real Estate News

Data show housing market starting to recover
By ALAN ZIBEL, AP Real Estate Writer
July 23, 2009

WASHINGTON – The U.S. housing market has started to recover from the most far-reaching crisis since the Great Depression, data released Thursday show.

Sales of previously occupied homes rose for the third month in a row in June, the National Association of Realtors reported. That hasn't happened since early 2004, during the boom.

Dow tops 9,000 as home sales rise for 3rd month
By TIM PARADIS and SARA LEPRO, AP Business Writers
July 23, 2009

NEW YORK – The Dow Jones industrials are back above 9,000 for the first time since the beginning of January.

Investors are snapping up stocks across the market Thursday, sending major indexes up about 2 percent, after a report showed existing home sales jumped for the third straight month.

Obama's Housing Rescue Expands: 6 Things to Know
By Luke Mullins
July 02, 2009

In a move that suggests its initial rescue plan was insufficient, the Obama administration yesterday announced plans to widen the eligibility parameters of a key housing initiative. The change would allow borrowers with mortgages valued at 125 percent of their home's worth to refinance

America's 10 Best Undervalued Places to Live
By Luke Mullins, U.S.News & World Report
Friday, July 17, 2009

June housing construction rises to highest level in 7 months; building permits also soar

By Alan Zibel, AP Real Estate Writer
On Friday July 17, 2009, 1:39 pm EDT

WASHINGTON (AP) -- Construction of new U.S. homes rose in June to the highest level in seven months as builders rushed to pour foundations for homes that must be completed by the end of November for first-time buyers to take advantage of a special tax break.

Bank profits not as impressive as they seem
Banks turn in hefty profits, but industry still has big problems
By Stephen Bernard and Ieva M. Augstums, AP Business Writers
On Friday July 17, 2009, 11:15 pm EDT

The big banks are making big money again, but they won't be back to health as long as they have to deal with a recession and customers defaulting on mortgages and credit cards.

How to Accurately Estimate a Property's Current Market Value
By Thomas Lucier

The most common mistake that many beginning real estate investors make is that they pay too much for property. Fact is overpaying for property is often cited as the number one reason why so many newcomers fail to make it as profitable real estate investors. That's because most beginning real estate investors are woefully undercapitalized, and they don't have the deep pockets that are needed to subsidize their overpriced real estate investments.

Finding Good Deals in Real Estate
By Dan Auito

Here's an investment tool to use in borrowing more money, etc. It's very important to create a Portfolio Loan for yourself when going to private lenders, small banks or credit unions.

It's also important how to find Portfolio Lenders / What to say to them / How to create your own Credibility Kit that gets them hook, line and sinker / And BEST OF ALL how to get them to finance ALL your properties in your LLC's name so they NEVER report to your personal credit bureau report.

FORBES
Best Cities To Buy A Home
Sarah Lynch, 06.22.09

It's no sellers market. But by some measures, things are looking up in Los Angeles. Though the area is one of the worst-hit of the country's crippled housing markets, those with listed properties in relatively solid areas are beginning to see consistent bites.