Real Estate News

10 Things Your Real Estate Broker Won't Say
by SmartMoney Magazine Staff
Thursday, July 9, 2009

1. "Your open house is really just a networking party for me."
Hire a real estate broker to sell your home, and one of the first things he'll likely suggest is hosting an open house so that potential buyers can casually check out your property on a weekend afternoon. But while open houses are promoted as a great way of finding a buyer, a National Association of Realtors study found that their success rate is a mere 2 to 4 percent.

Maui real estate totals dreadful
Half-year sales of condos, homes at 57% of what they were in 2008

The Maui News
By HARRY EAGAR, Staff Writer
POSTED: July 10, 2009

In a depressed Maui real estate market, Realtor Alana Rucynski of ERA Pacific Properties works amid stacks of foreclosure documents Wednesday in Kihei as she speaks with a client. She is a member of Joe and Jodi Hogin’s foreclosure team, which is handling more than 40 foreclosure properties islandwide.

America's Fastest-Falling Neighborhoods
By Matthew Woolsey, Forbes.com
Jul 7th, 2009

These areas have witnessed the biggest year-over-year price drops.
Before the housing crash extended beyond foreclosure-ridden exurbs, the average homeowner used to (foolishly) believe that his neighborhood was immune. Today, even underwater homeowners merely take heart in knowing that other neighborhoods in the same city are worse off.

5 Housing Markets That Have Further to Fall
By Sarah Morgan, SmartMoney.com
Jun 30th, 2009

Think twice before buying a house in these cities any time soon.

Interesting article. Thoughts?

http://www.chicagotribune.com/classified/realestate/chi-local-scene_chom...

chicagotribune.com

Just call it recycling of urban real estate
Mary Ellen Podmolik

June 19, 2009

Bank of America is giving cities, not private buyers, the inside skinny on new foreclosures.

The question is... What are the best strategies for the next 2 years?

I guess there is a second question.... Since this period of time seems to be a buy and rent period for investors, how do we know that we wont be left holding a bag of empty rentals due to rents being to high for all these poor foreclosed individuals? (It makes me nervous when I hear the potential havoc that the economy may cause in 10' and into 11')

Ten Cities With Rising Home Values!
By Louis Jones, Kiplinger
06-05-09

Think that no real estate market is safe? Believe it or not, there are cities where home values have held their own. Their economies are well diversified, and their population growth has been slow, keeping unemployment low and speculative building to a minimum.

I JUST FINISHED DEAN'S TWO BOOKS AND I CAN'T WAIT TO USE THEM. I'D LIKE TO FIND NEW INVESTORS/STUDENTS IN THE LOS ANGELES AREA/ORANGE COUNTY AREAS TO WORK AND LEARN WITH TOWARDS THE ACQUISITION OF PROPERTIES IN THE SOUTHERN CALIFORNIA AREA.

I AM FAMILIAR WITH MOST STANDARD REAL ESTATE CONTRACTS. I HAVE NOT USED ASSIGNMENT OF CONTRACTS AND LEASE OPTIONS YET.

I KNOW IT TAKES TIME AND EFFORT TO BE SUCCESSFUL BUT IF YOU ARE SERIOUS IN USING DEAN'S TECHNIQUES, WE HAVE ACCESS TO THE MULTIPLE LISTING SERVICE LET'S TEAM UP, WORK TOGETHER AND PULL OUR RESOURCES.

Hi everyone! Im sure many have seen the News about the
Government crackdown on Mortgage scams.

Im wondering if this has anything to do with purchasing real estate today. Im new at this and I want to know if this will affect purchasing foreclosures.I would like any or all input on this subject if any of you know about it.

I am going to provide one link provided by MSN NBC

http://www.msnbc.msn.com/id/30070197/

although I know there are many other sources on this subject,this is one of the first ones I clicked on.

In Money; Apr2009, Vol. 38 Issue 4, p65-71, 7p is found an article that reports on declines in housing prices and the U.S. housing market. Advice for home buyers is offered including anticipating future drops, considering foreclosures, and qualifying for a mortgage. Advice for sellers includes adjusting prices, making home repairs, and rent-to-own options. Other topics include correction of the housing bubble and economic recovery.