Market Trends and Condition

The Economy:
Odds are recovery from this recession will be even patchier than usual. The broad housing pickup that usually accompanies such a period…a rising tide that lifts all boats…will be absent. Foreclosures will still weigh heavily on the market, and this time around, the Fed can’t cut interest rates to spur buying.
Likely to lead the pack: Tech heavy areas, such as Austin, San Antonio, Denver and Raleigh, N.C. Boston should also benefit from an increase in investment in technology equipment but lose much of the gain to ongoing financial service cuts.

This article is copied from Yahoo Realestate and is for informational purposes only.

10 Hard-Hit Housing Markets That Are Ready to Rebound
Luke Mullins, USNews.com
Oct 1st, 2009
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After slumping, home prices in these 10 cities are expected to rise over the next three to five years
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» Top 10 Housing Markets for the Next 10 Years

Thanks!!!

Hey all....

Lately every offer I submit on REO's or short sales has been rejected. I later find out that they all sold for around 15k-20k off MARKET!!!

How are we as investors supposed to make any money.

Are our days as Real Estate Investors coming to an end???

Please share your experiences in todays market (now to last 3 months)

Perhaps a reflection of a gradual turn in the market. At face value this could mean buyers are less tentative and ready to buy or the pent up demand is brimming over and we will start seeing more homes sell.

Traffic to Real Estate Web Sites Increasing
Home sales rose over the last couple of months--and so did visits to real estate Web sites.

Nielsen Online reports that traffic to real estate Web sites rose 11 percent from 20.7 million visitors in June to 23.1 million in July. Year-over-year growth from July 2008 to July 2009 was 18 percent.

There has been a lot of talk lately about market trends. Is the market going to continue to drop? Is it bottoming out? Has it turned around and coming back up? Who knows for sure?

All of this discussion can lead to paralysis in investing. Nothing creates more fear than volatility in a market when hundreds of thousands of dollars are at stake. Therefore, I think many new investors are stuck in a quagmire waiting to see how things shake out.

There is a lot of misinformation out there about the market. I have received a few PMs asking how I know there is going to be more foreclosures. Again, there is NO LACK of foreclosures. It took us a long time to get into this mess and it will take us a long time to get out of this mess. I found the article below about just how messed up our mortgage industry really is. So go out there and get the deals!

KimmyJ

Courtesy of housingwire.com
Deutsche Sees 48% of All US Mortgages Underwater in 2011
By AUSTIN KILGORE
August 6, 2009 4:18 PM CST
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As most of you are aware, the housing moratorium is lifting on September 15, 2009. This is a key date for investors who have markets where they can buy, rehab and sell right now. It means that if you're doing this type of investing, you want to make sure that you have that house rehabbed and flipped before the flood of foreclosures hit the market again. Otherwise, you could find yourself stuck renting out that rehab. In addition, if you're making offers on properties with the intention of selling in 6 months to a year, you might want to rethink that strategy.

Am I seeing a trend around the country or is it just in the areas that I am concentrating on.On the internet I am seeing houses stay on the market concederably shorter time than 4 mouths ago.I talked to one off the coches in Mo and he told me the same thing.I allso see that some of our fourm members are saying that they are havingto pay more for there offers on there REO"s.
Bill

Not sure if I am posting this is the right area.

Here is my story. I am only on about page 100 of the book. just to give you an idea of where I am.

I happened to be poking around on the internet and signed up to see the MLS listings through a realty database thingy.

Anyway...one of the agents called me just now. I obviously am not prepared to be talking about the system yet because I have only read about 100 pages.