Barrons - Landlords Rejoice
Demographic and economic forces, together with some perversities of government policy, are combining to push the share of ownership back to where it was in the early 1990s. Already, in the wake of the housing bust that brought on the Great Recession, the share of U.S. households owning homes has slid steadily—from 69% at its [...]
DSNews.com - 1.7 Million GSE Loans at Least 60 Days Past Due
The number of loans held by Fannie Mae and Freddie Mac that were 60-plus-days delinquent stood at 1.7 million at the end of the first quarter of 2010, the two companies’ conservator said in a report to Congress this week. While the volume of past dues may seem like an extraordinary negative weight on a [...]
HAMP Modifications Have Just a 50% Success Rate: Moody’s
The most recent Home Affordable Modification Program (HAMP) report released by the U.S. Treasury shows “extremely low conversion rates” from trial to permanent modifications, with success just a 50/50 gamble, according to commentary from Moody’s Investor Service.
As of the end of April, servicers participating in HAMP had converted almost 300,000 permanent modifications. However, they had [...]
Washington Town Sells for $360k on eBay
With the home prices dropping around the country it’s no surprise to find a great deal on a home, but now it looks as if the bargains have extended even further than we ever thought possible.
There are always a number of unusual items for sale on eBay, but it’s not every day that you see [...]
Home Price Increase: 1st in 3 Years
Since late 2006 home prices had been falling, but in May 2009 they took a turn for the better with their first increase in 3 years. This trend has continued as quarterly gains were achieved again in January 2010, according to Clear Capital’s Home Data Index (HDI) Market Report, making it the eighth consecutive month [...]
Does the Grass Look Greener?
“If the grass looks greener on the other side of the fence, you can rest assured that the water bill is higher there too.” –Maya Angelou
This is probably one of the best quotes I’ve read in a long time, and it’s so apropos when it comes to entrepreneurship. As a real estate agent, I have [...]
Who Else Wants $8,000 to Buy a New Home?
As part of last year’s Housing & Economic Recovery Act, Congress created a $7,500 First-Time Homebuyer** Income Tax Credit. It went into effect April 8, 2008 and was set to expire July 1, 2009. (For more, check out my October Real Estate Break video newsletter @ http://www.youtube.com/watch?v=8Y33jlKZW50) It’s primary goal was to remove some of [...]
Welcome to Our New & Improved Members Site
AUGUST REAL ESTATE NAVIGATORS MEETING
“How to START or RE-IGNITE Your Creative Real Estate Investing Business!”
AUGUST 10TH, 6 P.M. @ THE PENSACOLA MUSEUM OF ART
Killer Marketing Techniques to Create a Deluge of Motivated Seller Leads
Creative “No Money Down” Strategies for BOTH Beginners & Veterans
How to Secure NO QUALIFYING Financing for Your Flip Transactions
Entity Creation and Asset Protection - [...]
