Market Trends and Condition

Hey DG family...I know that many of you invest/wholesale in Kansas City, MO. I'm looking to get started in this area. Which particular areas are the investing hot spots? Thanks in advance for any feedback that you can provide.

Home prices will rise in 2014 but at a slower, more steady pace compared with historical trends.
The housing recovery has pushed up home prices nearly everywhere. In the past year, home prices rose in 225 of the 276 cities tracked by Clear Capital, a provider of real estate data and analysis. Prices nationwide increased by 10.9 percent, pushing the median price for existing homes up by $30,000, to $215,000. For people who have waited to sell their home or refinance their mortgage, that's good news.

I found a really great article on how to find affordable properties in pricey neighborhoods. This is valuable for someone looking to rent, but is also very valuable to a landlord looking to find properties to purchase and may want to change up the type of neighborhoods that you are focusing in.
I hope this helps you like it helped me.
Enjoy.

How to Find an Affordable Rental in a Pricey Neighborhood
May 22, 2014 By: Angela Colley
Rent prices vary widely by area and sometimes even between neighborhoods. You can usually score a deal on a rental if you are willing to move outside the city limits or farther away from the hottest neighborhoods. But what if you can’t, or don’t want to move to another area for cheaper rent?

Hi Everyone,

I found this great article to share with you. Although this article does not talk specifically about real estate, its good to know where job growth and opportunities are happening because this will show you what markets to pay attention too and invest in. We should invest in places where growth is happening. This is good for both strategies; buy and holds and fix and flips.

Got a degree? Where do you get a job?
By Jane Wells June 5, 2014 8:30 AM Top/Best/Most

Cue "Pomp and Circumstance," move the tassel on your mortarboard, and savor the moment. You've graduated. Degree in hand. Mission accomplished. An estimated 1.6 million Americans are receiving bachelor's degrees this year.

Now what?

I found this article on www.reiclub.com written by Maria Rekrut
Important points of this article are:
• Research- This is really important to price your rental correctly.
• Price your unit in the middle of the playing field. Not too high or it will not get rental and not too low or you are losing profits. Getting the right price will get your unit rental more often which means that you will make more profit.
• Marketing- this is also a very important point that she makes. Marketing is KEY to your success.
• Last she has a great strategy for increasing your income potential.

More inventory, more offers, more money. Realtor.com reported that “Higher Inventory a Welcome Sign for Spring Buyers”. Make sure to find and qualify your cash buyers because the properties are available!

The spring home buying season is off to a stronger start than at this time last year, with modest price increases and a spike in inventory, according to REALTOR.com’s National Housing Trend Report for March.

The number of properties for sale on realtor.com® in March rose 9.5% above March 2013 levels, to 1,841,844 units, according to the report. The median list price of $199,900 was 5.3% higher than in March of last year, and the median age of inventory increased 22.9% above the year-ago figures, to 102 days on the market, the report’s data showed.

(MoneyWatch) If the real estate recovery is a baseball game, we're in the fourth or fifth inning.

So what will the rest of the game look like?

Experts from the Urban Land Institute unveiled their view of how the rest of the recovery will play out in their Emerging Trends in Real Estate report, released this week at the land use and planning nonprofit's annual conference in Chicago.

The group highlighted a number of housing trends we can expect to see playing out over the next few years, based on surveys and interviews with real estate developers, investors, lenders, servicers and builders.

Millenniums are moving the market, but not as homeowners

I'm still thinking about this Frankfort real estate listings that I saw lately. They're being sold at very affordable prices and they seem to be handled by good Oak Lawn real estate agents. Now I don't know if I should wait for some of my other properties to be sold before buying some from this listings. What move do you think I should make? http://www.vrsrealestateagents.com/web/AR475111/ListingSearch/load_saved...

You'd better get a promotion (or six) if you ever want to afford even a moderately-priced home in San Francisco.

You need make at least $137,129 a year (before taxes) to afford a home in the Fog City, which according to a new report is the most expensive city in the country for home buyers.

Coming in a distant second place is San Diego, where you need to bring home $98,534 a year to afford the principle, interest, taxes and insurance of a median-priced home, the measure used to make the calculations by HSH Associates, the mortgage-tracker that published the report.

New York City scored third place -- perhaps surprisingly, because of its notoriously high rents. You "only" (hahaha!) have to make a salary of $89,788 a year to afford a mid-level apartment.

Does anyone know what's the current market trend in Illinois? I've seen Tinley Park reat estate listings and I'm interested in buying. But before venturing out there, I figured that it would be better if I ask about it around first. Here's the listing that I saw. http://www.vrsrealestateagents.com/web/AR475111/ListingSearch/load_saved...