Market Trends and Condition

Foreclosure Squeeze Crimps Las Vegas Real-Estate Market
By Nick Timiraos
The Wall Street Journal
July 9, 2013

LAS VEGAS—In a city dotted with tens of thousands of vacant houses, Jericho Guarin figured it would be easy to buy his first home. But nearly a year after beginning a search late last summer, he has come up dry.

"It has been a nightmare," says the 37-year-old U.S. Air Force officer. "There are plenty of empty houses, but they're just not for sale."

http://www.mpamag.com/real-estate/pe-firm-ups-stakes-in-housing-bet-1543...

Talk about the 800 pound gorilla in the room!!

Real estate investors have many choices for the types of properties in which they invest, and also in their strategies, from bird-dogging through wholesaling, flipping and buy-and-hold. Each of the available strategies can involve different marketing methods as well. Some investors do very little marketing, but many very successful people use a combination of traditional and Internet marketing tools to build their buyer and seller lists and to generate deals.

Hello Everyone,

Hey DG fam,
I know the subject migght sound silly but I have some problems or questions rather. In the area I want to invest in Jacksonville Fl. It is a buyers market biding wars going on something serious. i am doing the 30 days to cash blueprint. Called an agent and she is awsome but I find that the deals 30 -50 % off arnt previlant. I am trying to find buyers through cragslist and other ways as well, but dont want to put thoese discounts and misslead the investors. What should I advertise to draw investors in when they can get the same deals I can through the MLS. Bandit signs are hard because I have no money for FSBO. If any of this makes sense please help or tell me what I should do or where I am going wrong much thanks

It's all about the data...

http://video.foxbusiness.com/v/2431023704001/hedge-funds-dump-housing/

Take a look at this story about what Realtors think of the future in the market. While it is just their opinion, you should be aware of it.

http://www.cnbc.com/id/100831431

The dramatic 29.7 percent year-over-year increase in California median home prices belies the fact that May sales, a month normally characterized by rising sales, declined 11.1 percent year-over-year.. Taking a longer-term view, year-to-date market sales were down 6.4 percent from 2012 and have actually been nearly unchanged and relatively flat since 2009. In this bifurcated market, non-distressed sales are up smartly for the year but distressed sales are falling faster than the rise in non-distressed sales.

Driving the divergence in trends is the weird alchemy of artificially low interest rates driving up demand, thwarted by millions of underwater homeowners and government policies that are starving the housing market of inventory for sale.

A recent article at a popular real estate investing blog gives five reasons why probate investing is a great market niche. Depending on where you live, laws and court systems can complicate the process of locating great real estate in probate, but it’s almost always worth it. Let’s take a look at the five reasons why you may want to take a closer look at the probate investing niche:

1. Heirs are motivated sellers: once the property is at the marketing stage in probate, the heirs are normally interested in one thing, selling the property and taking out their cash shares. Seldom do they want to keep the property, with the main exception being vacation or resort properties. However, even those can be a problem to share among multiple heirs, so they want to sell anyway.

The best thing about the current real estate market is that mortgage rates and home prices are still low (in comparison to prices before the real estate market crash). At the same time, real estate experts predict that home prices will continue to rise and mortgage rates will remain low for a while. Therefore, homebuyers and investors with an interest in real estate can take advantage of the current real estate market, being assured that home prices will continue to rise throughout the foreseeable future.

Not only are home prices rising, but they are increasing at a rate that has not been witnessed since 2006 – before the real estate market crash. Home prices rose 10.2% from March 2012 to March 2013, which is a significant gain.