Market Trends and Condition

I posted this in a thread but decided to bring it up to it's own. Whether you are actually the rehabber or you have rehab buyers you are wholesaling to. This is one of the keys that will separate you from the masses. Most 'investors' are NOT doing this. Most don't know to do this. Most buyers will say "I want properties in $XXX-XXX range that I can sell for $XXX-XXX and clear a XXX profit." pretty standard right?!?

including me. Here is a very sad story of a guy who has lost his home to foreclosure and killed himself before the bank could get it. This happened in my city and I feel that maybe it wouldn't have happened if the guy knew he had other options. While I realize I can't save the whole world, it sure does send a powerful message on how we all have to try harder to stop this type of tragedy from occurring.

Read the story here:

http://www.msnbc.msn.com/id/47934316/ns/local_news-cincinnati_oh/

http://money.cnn.com/galleries/2012/fortune/1206/gallery.home-prices-ris...

http://tech.fortune.cnn.com/2012/06/13/palo-alto-real-estate/?iid=HP_LN

Down here in SWFL. Anyone here have any info on the current market in this area?

What % of ARV is doing good for you right now?

http://money.cnn.com/video/smallbusiness/2012/05/01/smb-sbt-20th-century...

Contracts to purchase previously owned U.S. homes unexpectedly fell in April to a four-month low, undermining some of the recent optimism that the housing sector was touching bottom.
The National Association of Realtors said on Wednesday its Pending Home Sales Index, based on contracts signed in April, fell 5.5 percent to 95.5, its lowest level since December.
Of course, this is the trend for the nation; your area may be different. But as I have been trying to point out, we are in a bottoming process, not the bottom. There is still much more pain to come from macro economic factors that will affect the housing market. It doesn't mean you can't make money, it's just not time to throw caution to the wind.

Hello Everyone,

Here is another great article that I think will help you guys in analyzing a market in you investing. Found it on cnbc.com via yahoo. These markets are becoming harder to find deals, so adjust your strategy accordingly or find new markets to work in.

HOUSING MARKETS ON THE WAY UP

" The housing market has been at the center of U.S. woes for years, but it is also key to the nation’s economic recovery. Although April’s Case-Shiller home price index offered a cloudy outlook on home prices, real estate website Zillow is forecasting that the end may be near, expecting home values nationwide to bottom during the final three months of 2012.

Hmmm Maybe my chance to move to MA. http://www.huffingtonpost.com/2012/05/25/historic-buildings-rent-free_n_1546881.html?icid=maing-grid7|main5|dl11|sec3_lnk2%26pLid%3D164660

Here is a good article I thought you might all enjoy, from yahoo today........

Best cities for real estate deals
By Colleen Kane, CNBC.com
May 24, 2012

When it’s not a seller’s market, it could be a bright side for buyers. So where are the markets with the most bargains for home buyers on a budget?

To find out, the data team at the real estate Web site Zillow looked at several factors, including the percentage of listings with price cuts, the median amount of those price cuts, the sale-to-list price ratio (or how much lower the sale price was from the last list price), and at foreclosure resales in places where foreclosure data was available (all data was the most recent available, from March 2012).
See slideshow: Best Cities for Real Estate Deals