Weekly State of Market

JUST WONDERING IF ANYONE HAS STATS ON where the hottest state is to invest in right now

http://buzz.money.cnn.com/2012/09/13/fed-mbs-qe3/

I have a website that I use regularly to follow my markets. Also any time I do research into any new market I make sure to see how the housing prices are changing.

I use the website: www.FHFA.gov to do some of my market research. You can search by state, by county and see how each market is doing with Home prices.

The trends I'm seeing now is most markets are going up. There are few markets that have negative prices, but most markets are in the up.

I hope you find use of this site, I know I have

Thanks
Mikessler

You must know your local market. Where ever you choose to invest.
This is why I think Dean's best book is "Be A Real Estate Millionaire" This book explains what the market indicators are and how to determine market trends.
This is critical. Not all areas are totally depressed at rock bottom. Some are in the swing toward an UP market. If you use DOWN market strategies in an Upward moving market NONE of your offers will be excepted!

Here is an example. These are the Denver, Colorado market numbers.

1. 20.5% increase in CLOSED sales year over year
2. 17.5% increase in CLOSED sales year to date.
3. 47% DECREASE in absorption rate (2.4 months!!!)
4. 35.2% DECREASE in active listings (9087)
5. 4.8% INCREASE in average sold price ($312,900)
6. Unemployment is at 7.6%

Hi Guy's

Thought this would be a great way to find good deals. Big banks are facing foreclsoure! So, this means you can find good deals from them, because they need to liquidate their assets. There is a good website to find failing banks: www.moneyeconomics.com click on number 4 on the right side next to the picture and scroll down the page to see the list. Click on each bank to get their info and contact them to get their assets at huge discounts. This article I have posted below, sheds some light on what is happening and will continue to happen, until the market turns around.

Thanks,
Shah

Real Estate's Latest Mess: Big Banks Now Face Foreclosure

By: Morgan Brennan, with Forbes

I just wnted every ones opinion because the house we live ins market value just went up $15,500 in the last 30 days. Has any one elts seen this?

Ed

Well here we go again. The bank is now making the rules.

I have noticed that they are requiring the buyer of their REO properties to sign a deed restriction contract. This contract would restrict the investor that he cannot transfer title to the property to another buyer within 60 days.

Now for the rehabber and flipper that isn't a huge problem, but for the wholesaler it is. They wouldn't be able to a double closing.

If you come across a property from Bank of America buyer be aware.

REO Prices Increase......

Read:

www.dsnews.com/articles/reo-prices-increase-fair-market-drop-while-home-...

http://www.bubbleinfo.com/2012/04/30/reo-prices-rising/

If you're sitting on the fence, take action now!!

Thought this was very interesting and wanted to share this with everyone. We need to do more together as a society to make things like stop from happening to us. There was way to much to type out so just copy and paste this link to your browser.

Link:
http://finance.****/blogs/daily-ticker/freddie-mac-betting-against-homeowners-latest-gse-outrage-164015828.html?ugcref=reffb|29dba101-8846-3fc8-9df3-1f9c5647f1d0#ugcpl-tpl-cf3e07ad-f378-3cf1-b3a6-e2429a3b8aac-29dba101-8846-3fc8-9df3-1f9c5647f1d0

Enjoy and spread the word......

Thanks,
Shah

http://nationalreihomes.com/real-estate-news-blog.html