Archive for July, 2009
Investors Drive Foreclose Prices Up
Wednesday, July 22nd, 2009 | Investment, Money, Real Estate | No Comments
This article appeared today in REALTOR(R) Magazine.
Home shoppers in parts of the country with lots of foreclosures are finding it increasingly difficult to buy. Investors are bidding up prices thousands above the original asking price.
Federal legislation slowing the number of foreclosures is adding to the problem by reducing the number of homes on the market. For instance, in Las Vegas, one of the areas where the bidding problem is greatest, home inventories are down 10 percent since March, according to the Las Vegas Association of REALTORS®.
You Missed the Buyer’s Market in Phoenix
Saturday, July 18th, 2009 | Investment, Real Estate, Statistics | No Comments
Here is a three minute video showing what is happening in the volatile real estate market in the Phoenix area.
This is the fastest change that I have ever seen. Good up to date stastics to verify my assumption.
Click here to see a video of “You missed the market in Phoenix”
Old information is dangerous information
Sunday, July 5th, 2009 | Investment, Money, Real Estate | No Comments
“The article titled “5 Housing Markets That Have Further to Fall” is using the old standard of slow behind the times information is Standard & Poor’s Case-Shiller Index. If you think this information is showing you something current think again.
My next post will give you some really current information the title of the article is “You missed the market in Phoenix!”
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