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Federal Reserve Findings: Real Estate Investors to Blame for Housing Bubble
A research report by the Federal Reserve Bank of New York finds that amateur real estate investors were more to blame for the housing bubble in markets in California, Nevada, Arizona and Florida than...
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The Best Real Estate Investing Markets in 2012?
So where are the best real estate investing markets? Actually, there are bargains in every market that can sustain a wholesale business even during the top of the housing cycle. Remember the good old...
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Home Prices Dropped 4.7% in 2011: CoreLogic
The bean counters at CoreLogic calculated that home prices fell 4.7% during 2011 and that distressed housing impacted all but .9% of that drop. It is clear that until the high volume of REO and...
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New York Times: Audit Uncovers Extensive Flaws in Foreclosures
The Following is Taken from The New York Times: Business Day Article by Gretchen Morgenson (Click Here to Read the Original) An audit by San Francisco county officials of about 400 recent foreclosures...
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Foreclosure Filings Rise 3% in January
RealtyTrac calculates that in January 2012 foreclosure filings—notices of default, auction notices and bank repossessions—were up 3% over December 2011. A total of 210,941 U.S. properties received a...
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Foreclosure Investing – Foreclosures Make Up 24% of 4Q 2011 Sales
RealtyTrac reports that as of the last quarter of 2011 foreclosures and those in pre-foreclosure made up 24% of the existing home sales in the U.S. The foreclosure sales activity was up from 20% in...
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Analysts See Modest Improvement in Economy
Every six weeks or so the Federal Reserve pools anecdotal evidence from each of its districts in a document called the Beige Book. The view from the 12 Federal Reserve regions shows moderate to...
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Bulk REO Rental Program Set to Start
Recently in a CNBC interview Warren Buffett said that if he had a means to manage them he would buy a couple hundred thousand single family houses as rentals. That is where the world’s most...
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Where Are the Best Rental Housing Markets?
We noticed this past week that the “We Buy Ugly Houses”® folks at Homevestors of America, Inc. in conjunction with Local Market Monitor published their “Best 100 Markets to Invest in Rental Property”...
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Will 2012 be the Year of the Short Sale?
The statistics are beginning to indicate that 2012 will be a bumper crop year for Short Sales. RealtyTrac reports that in January pre-foreclosure sales increased by 33% compared to a year ago. Even...
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Home Prices May Not Rebound in Our Lifetime
Last Tuesday home valuation expert, Robert Shiller sounded a decidedly more pessimistic note than in previous weeks. Earlier in the spring he sounded slightly more upbeat that we may have seen the...
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Rents Are Climbing Fast
While values of residential property are stagnant at best in most places rental rates continue to climb rapidly throughout the country. According to Trulia rents rose 5.6% in April compared to the...
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Property for Sale is Getting Scarce in Some Markets
A survey by Pro Teck Home Valuation shows that home listings are down 21% from a year ago. The biggest change is in the Phoenix, AZ area where home listings are off by almost 50%. Other cities with...
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Foreclosure Filings at a 5 Year Low
RealtyTrac’s April foreclosure report announced that foreclosure filings were at their lowest point since 2007. The sharp decline of 5% from the March report is due primarily to very low foreclosure...
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Existing Home Sales Up 3.4% in April According to NAR
The April Existing Home Sales report from the National Association of Realtors continues to look positive. Completed transactions of existing homes increased by 3.4% at a seasonally adjusted 4.62...
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One-Third of Homeowners are Underwater
Zillow reports that while home prices have begun to tick upwards in many locations, this has done little to help those who have mortgages that are more than the value of their homes. Collectively,...
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Short Sale Activity at 3 Year High
RealtyTrac reports that sales of homes in pre-foreclosure reached a 3-year high in the first quarter of the year. A total of 109,521 pre-foreclosure sales closed during the first three months of the...
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66,000 Foreclosures Completed in April
Foreclosures continued to decline during the month with a rate of 6.8 homes out of every 10,000 in the foreclosure process compared to 8 or 10,000 in March. CoreLogic reported that there were 66,000...
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SF Housing Shifting to Accommodate Rental Market
A new report from the Census Bureau tracks occupancy data for single family housing. Economist, Tom Lawler, has examined the numbers and reports and concludes that a big shift is underway toward more...
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Bank of America Faces Discrimination Suit
A new form of discrimination is beginning to be asserted in court allegations against the big banks. In this case, it is not lending violations that are in question, but rather the way Bank of...
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