Market Trends and Condition

Article Source
http://bhatx.wordpress.com/2010/12/07/housing-affordability-is-bringing-...

Housing affordability is bringing buyers to the market, say industry leaders. And the proof is in the numbers. Pending home sales rose in October, up 10.4 percent from September.
Lawrence Yun, chief economist for the National Association of Realtors (NAR), reports, "It is welcoming to see a solid double-digit percentage gain, but activity needs to improve further to reach healthy, sustainable levels. The housing market clearly is in a recovery phase and will be uneven at times, but the improving job market and consequential boost to household formation will help the recovery process going into 2011."

Article Source
http://www.househunt.com/news-realestate/tag/repeat-buyers/

Repeat Buyers & Investors With Cash Boosting Home Sales & Prices In Many Markets, New HouseHunt Survey Shows

For the first time in nearly three years, repeat buyers and investors have overtaken first-time buyers as sales leaders once again in the nation's housing market. As a result, prices of bank-owned REOs and properties involved in short sales are being bid up by multiple offers and cash buyers in many neighborhoods, according to the latest HouseHunt quarterly current market conditions survey.

This article can be found at: http://moneywatch.bnet.com/economic-news/blog/daily-money/the-5-most-omi...

If you’re trying to get a handle on your local housing market, the official tallies of homes sold and those for sale now only tell part of the story. Working off of the iceberg theory of market analysis — it’s not just what’s easily visible that you need to worry about — it’s the “shadow inventory” of distressed homes that you need to pay attention to as well.

The year of 2010 saw very little improvement in the housing sector, and that's not likely to change in 2011.
November 19, 2010 - Larry D. Spears

The industry's weaknesses - high unemployment, tight credit, ineffectual government programs, soaring inventories, plunging prices, and so on - are simply too gaping to be resolved by next year.

Even the normally ultra-optimistic National Association of Realtors (NAR) came out of its annual conference in New Orleans in early November with a frown on its face, predicting that, "nationwide, homeowners can expect little, if any, increase in home values in 2011."

Hello, I am coming back to give real estate investing another try. I have a question about supply and demand. I clearly understand that when there is an over supply, this lowers the price of real estate. In Dean's book be a real estate millionaire, he says on pg 49 that an oversupply of homes indicates either a downward or PEAK market. I am not understand how an oversupply can indicate a PEAK market. I thought a peak was when prices are at their maximum, and supply equals demand. can any help answer this question? Thank You

Another article from the flipside perspective.
-Matt

-----------------------------------------------

http://www.bloomberg.com/news/2010-10-26/home-prices-in-20-u-s-cities-ro...

August Home Prices in 20 U.S. Cities Rose Less Than Forecast
By Bob Willis - Oct 26, 2010

Home prices in 20 U.S. cities rose at a slower pace than forecast in August from a year earlier, reflecting slumping sales as the effects of a tax credit waned.

The S&P/Case-Shiller index of property values increased 1.7 percent from August 2009, the smallest year-over-year gain since February, the group said today in New York. The median forecast of 27 economists surveyed by Bloomberg News projected a 2.1 percent increase.

http://www.forbes.com/2010/10/25/housing-sales-up-equities-markets-berna...

Home Sales Up 10%, But Market Still On Shaky Footing
Agustino Fontevecchia, 10.25.10, 03:25 PM EDT
Increase comes amid uncertainty over foreclosures and putbacks.

The National Association of Realtors said existing home sales increased 10% in September, but subdued prices and ongoing scrutiny over the foreclosure practices of America's largest mortgage lenders make it likely the housing market is still scraping along the bottom.

Would love to get opinions on where this industry is going from others:

RJB
www.****
Free Real Estate Leads
Trusted by over 100,000 professionals

Hey everybody! My name is Jared and I am just getting started with this program. I have been reading, reading, and reading some more but I'm not sure where to go from there. I know I need to find a real estate agent and broker and would like to give Matt's 25:1 strategy a shot but I am concerned with what to ask the agent. Do I need to have a plan of attack before I look for an agent?? How do I let them know that I am serious about this? What is the Market like in Reno? Where should I focus my energy? Also, why are all these links and tools so old? It seems like almost all of it is from his first book. Which means that the markets have obviously changed. How can I use old strategies?

Conventional wisdom says that you need to stay in a home a minimum of five years to ensure that you recoup your purchasing costs. But with some markets soaring, this advice doesn't always apply.
It's All About the Market
Market conditions play a huge part in any decision about when to buy. Housing market values have varied widely from region to region in recent years. While the Florida market has seen meteoric rises in home values, Ohio has seen its real estate prices go into negative territory in the last year.
Do not buy high and sell low - if your market is softening or has hit its peak and is heading south, you may want to wait on your purchase.