Real Estate Investment News from NARREIA.com
©2006 NARREIA |
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Las Vegas Real Estate Market Report: 12/15/10
Las Vegas Real Estate Market Report: 12/15/10
This is the latest Las Vegas Real Estate Market Report from www.NARREIA.com (
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Las Vegas Real Estate Market Report: 12/08/10
Las Vegas Real Estate Market Report: 12/08/10
This is the latest Las Vegas Real Estate Market Report from www.NARREIA.com (
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Fairfax Market Minute
Copy and past the link below for the latest Faifrax County Market Minute.
http://cafe.lnf.com/departments/Marketing/Documents/Market%20Minute%20Reports/Current%20Reports/VA_Fairfax-County.pdf
I have the entire DC Metro region covered. Please call or email for details.
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Las Vegas Real Estate Market Report: 12/01/10
Las Vegas Real Estate Market Report: 12/01/10
This is the latest Las Vegas Real Estate Market Report from www.NARREIA.com (
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Mixed bag of signs
Current market conditions in Jacksonville seem to be holding steady with a mixed bag of signs that indicate the market is maybe improving or maybe stuck in neutral. The positve signs are that new home construction is up slightly from a year ago. Any positive movement in new construction is a good sign. New construction tends to be a leading indicator of the market. Another good sign is that pricing seems to have leveled out. Very few properties are being added to the market at the rock bottom prices of a few months ago. When a property does come on the market at rock bottom pricing, it is scooped up quickly and often has multiple offers.
The biggest negative affecting the market here seem
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Las Vegas Real Estate Market Report: 11/24/10
Las Vegas Real Estate Market Report: 11/24/10
This is the latest Las Vegas Real Estate Market Report from www.NARREIA.com (
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Good news and bad news for San Antonio real estate
Good news for home sellers in the greater San Antonio area. According to the Texas Association of Realtors, the average home prices in the San Antonio metro went up by 8.48% during the July-September quarter. At $195,817, this is a significant increase from $180,498 one year ago. The median price of a home in the third quarter 2010 rose to $156,600.
Theres also bad news for sellers: a big decrease in the total number of houses that have sold. From 5,457 this time last year to 4,585, this works out to almost a 16% drop. Time on market lengthened to 8.4 months, a slight increase over the third quarter 2009.
What does this mean? Its good news for buyers, since there is more to choose fr
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I have a dream about a home.
I have a dream about a home.
There is a home near my house, owned by a famous basketball player. This home is priced at $9,500,000, and I cannot afford it.
Then I had a dream. This basketball player was really generous, and decided to give the house to me. Free and clear, with no liens at all. A free house. This will be fun.
All night I dreamed about living there, with the swimming pool, the lake in the front yard with five fountains, and the eleven bathrooms. The home has 17,000 square feet, so I have a lot of space. The quality is fantastic, and the location is really close to light rail, although I doubt the basketball player who lived there used it. I doubt that I will use it too.
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Las Vegas Real Estate Market Report: 11/17/10
Las Vegas Real Estate Market Report: 11/17/10
This is the latest Las Vegas Real Estate Market Report from www.NARREIA.com (
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Foreclosure Domination
Phoenix AZ real estate investors will find this report interesting:
Uncertainty & Foreclosure Activity Still Dominate
The Phoenix-area Housing Market
Foreclosure-related activity continues to dominate the Phoenix-area housing market. A new report from the W. P. Carey School of Business at Arizona State University shows 65 percent of the recorded transactions last month were either foreclosures or the resales of previously foreclosed-on properties.
“We’re seeing even more uncertainty in the marketplace than a month ago, including more distrust surrounding the foreclosure process,” says Associate Professor of Real Estate Jay Butler, who authored the new report. “The decis
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Newsweek Top 10 Places in America
Northern Virginia listed as one of the new Silicon Valleys.
http://www.newsweek.com/2010/11/08/the-top-10-places-in-america-poised-for-recovery.html
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Las Vegas Real Estate Market Report: 11/10/10
Las Vegas Real Estate Market Report: 11/10/10
This is the latest Las Vegas Real Estate Market Report from www.NARREIA.com (
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Las Vegas Real Estate Market Report: 11/03/10
Las Vegas Real Estate Market Report: 11/03/10
This is the latest Las Vegas Real Estate Market Report from www.NARREIA.com (
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make your own decisions
With everything that has happened in the real estate market the las few years, the overriding question on most investorss minds seems to what does the future hold. We all would like to know if prices have bottomed out, when are the banks going to start reasonable lending practices again, are foreclosures going to glut the market causing even lower prices, when are Americans going to start getting jobs again?, and on and on.
While it is important for us all to try and understand the market situation, I feel like we may often be looking for concrete answers to these questions and relying on others opinions to much. Looking back on the last four years, it is evident that the one truth in al
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The truth: Price or Perfection.
The heading is "truth" without a capital letter. The truth is so evasive and elusive. A capital letter would be so presumptuous.
Well, here goes.
The real estate market is just going to keep getting worse and worse.
Until we stop outsourcing and off-shoring our jobs, issue tariffs and establish fair trade agreements, our economy is going to be in serious trouble.
Foreclosures are going to continue, with short sales and foreclosures controlling the market.
This is going to be one tough market.
Yet, despite all of the problems, some homes are still selling.
What homes?
They have to be great. They need great decor, updating, landscaping,a great yard and floorplan, and the best
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Las Vegas Real Estate Market Report: 10/27/10
Las Vegas Real Estate Market Report: 10/27/10
This is the latest Las Vegas Real Estate Market Report from www.NARREIA.com (
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Las Vegas Real Estate Market Report: 10/20/10
Las Vegas Real Estate Market Report: 10/20/10
This is the latest Las Vegas Real Estate Market Report from www.NARREIA.com (
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Fairfax Prices up 16%
Copy and paste this link for all the latest market stats:
http://www.rbintel.com/statistics?j=18775103&e=DanSelz@longandfoster.com&l=3414095_HTML&u=198635914&mid=10003854&jb=0
Short sales are king right in light of the recent moratorium on foreclosures. These are tricky deals, but investors can be successful if they cherry pick these deals and ask key questions:
What bank is it?
Has the short sale package been submitted?
Has this sale been approved?
How many banks are involved? Is there a 2nd trust? A third?
Are the sellers will to sign a promissory note if required?
The list is a lot longer, but you get the drift. Many an investor has successfully bought a shor
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Las Vegas Real Estate Market Report: 10/13/10
Las Vegas Real Estate Market Report: 10/13/10
This is the latest Las Vegas Real Estate Market Report from www.NARREIA.com (
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Foreclosures UP, Prices DOWN- again
Arizona real estate investors will find this market update interesting...
Phoenix-area Foreclosures Hit Highest Level of the Year Make Up 46 Percent of Market Activity
The Phoenix area just hit an unfortunate record for 2010. According to a new report from the W. P. Carey School of Business, 46 percent of the total transactions in the existing-home market last month were foreclosures. That’s the highest percentage recorded in any month this year. Unfortunately, the report’s author predicts even more trouble from foreclosures.
“The biggest issue is heightening uncertainty in the housing market throughout the country, brought about by the evolving problems within the forec
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San Antonio housing prices rose
As the U.S. housing market sank over the last few years, home prices in some cities actually went up, according to a report released this month by mortgage technology company FNC Inc.
San Antonio saw a 3.2 percent increase since 2003, the only Texas city to make the top ten. It was fifth on the list, just after Portland.
Real Estate Center Research Economist Dr. Jim Gaines says the report is "further evidence of how Texas’ cities have fared relatively well during the current housing bust."
Apparently, San Antonio did better than many other metros.
Gaines notes, "The other cities listed generally experienced very severe value declines, so small increases from very low lev
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Las Vegas Real Estate Market Report: 10/06/10
Las Vegas Real Estate Market Report: 10/06/10
This is the latest Las Vegas Real Estate Market Report from www.NARREIA.com (
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Waiting for the bottom?
Always an impossible task, most of us investors put a lot of time and effort into trying to predict where exactly the market is at in the business cycle. Today that means finding the absolute bottom of the market to guarantee the best possible deal.If this is what you are doing, Im going to suggest that you may be better off looking for opportunities now instead of passing them by in order to get to the absolute bottom.
My argument is simple. If you can buy property today for 20-30 cents on the dollar and pass that up, the reward for being right is not enough to justify the risk of being wrong. This is especially true if you are looking to make more than one investment because in this case
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A Loan analysis Method You will Love.
Recapture Time.
This is one of the best ways to analyze a loan.
You have many options:
1) 5% no costs. $900 payment.
2) 4.75% $1500 in costs. $850 payment.
3) 4.5% $3000 in costs. $800 payment.
The lower interest rate loan costs more in up front costs. The higher interest rate loan costs less in up front costs. You have these option and many more when you talk to lenders.
These are all examples, and just for presentation purposes.
You can select loan 1, and have lower up front cost, but it costs you $50 more per month than loan 2, which costs you $1500 more in up front costs.
Divide the $1500 by the difference in the monthly payments, and you get the recapture time.
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Las Vegas Real Estate Market Report: 09/29/10
Las Vegas Real Estate Market Report: 09/29/10
This is the latest Las Vegas Real Estate Market Report from www.NARREIA.com (
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Weird Transactions!!!
Well, try to figure this one out. This is a real situation that happened today.
A property comes on the market at a price that is so low that there are 7 offers on it in 2 days. The bank (owner) accepts one of them without countering any of them, and it is under contract. Now this price is so obviously low that they have people lined up just to see the house. Five cars in the driveway at one time.
Sure, it needed work. There were actually weeds growing out of the gutter that were two feet high.
But, the property is worth at least $400,000, and the bank priced it at $200,000. That is not a typo. They priced it at $200,000.
Now, the bank knows they are going to get many offers, and
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Las Vegas Real Estate Market Report: 09/22/10
Las Vegas Real Estate Market Report: 09/22/10
This is the latest Las Vegas Real Estate Market Report from www.NARREIA.com (
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Down, Down, Down Means UP at some Point!
Phoenix, Arizona real estate investors will find this new report to be interesting reading. Prices are still dropping. But, as we know, what goes down must (eventually) go up and for those "buy and hold" investors, the AZ real estate market has some very interesting buying opportunities.
Median Home Prices Dropping in Phoenix Area
Foreclosures Still Make Up 45 Percent of Transactions
TEMPE, Ariz. (Sept. 20, 2010) — Two negative trends are clouding the Phoenix-area housing market right now, according to a new report from the W. P. Carey School of Business at Arizona State University. August marked the third month in a row that the median existing-home price dropped in the Valley.
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Northern Virginia
Latest inventory numbers are in for the area, and we are definitely experiencing a stabilizing market compared to a year ago in northern Virginia.
Click the following links for the data:
http://longandfostermarketinfo.com/Reports/Market-Minutes/VA/va_nova_fairfax.pdf
Thinking of buying, find us on the web at:
www.VirginiaPropertyExperts.com
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Las Vegas Real Estate Market Report: 09/15/10
Las Vegas Real Estate Market Report: 09/15/10
This is the latest Las Vegas Real Estate Market Report from www.NARREIA.com (
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PRESS RELEASE: Ely, NV Boomtown
Note: This press release was picked up by Elys main newspaper and printed May 5, 2006, on the front page of The Ely Times
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Western North Carolina Teleconference FREE: May 1, 2006
Peter Celnicker will be holding a FREE 35 conference call on Monday, May 1st, at 6 pm Pacific Time (9 pm EST). The focus of the call will be the booming Western North Carolina market and opportunities to purchase land for as little as 5% down and have the option to go 18 months without a mortgage payment. The Developer of the $500M project will be on the call and there will be an exclusive inventory of lots available just for the call participants.
There is no obligation to attend the call, even if you just want to learn about the real estate market.
The phone number is 1-800-377-8846, and the access code is 64459857 followed by the # sign. Please email petercelnicker@yahoo.com or call
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Boise Conference Call FREE: March 8, 2006
Lyndon Holdeman, NARREIA Advisor for the Boise Idaho area, held a FREE 30 minute conference call on Wednesday, March 8th, at 4:00 PM EST/ 1:00 PM PST.
Click here to listen to the conference call.
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New Advisors: Flagstaff and Prescott (AZ)
On a recent trip through northern Arizona, we had the opportunity to meet with a few local real estate agents in Flagstaff and Prescott. We were very happy with the quality of the agents we met with.
Patrick Schutte, of RE/MAX Mountain Properties, met us at The Gurley St. Grill for an extended lunch in downtown Prescott. Patrick is considered by many as THE person to talk with in Prescott for residential real estate investment. Patricks technical background easily allows him to perform in-depth analysis on investment properties and whether or not they will provide good returns. He said that Prescott has had considerable appreciation (over 25% in the last year) and is starting to slow dow
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NARREIA Press Release: Dec. 09, 2005
National Real Estate Network Launches NARREIA for Local Real Estate Investors
Las Vegas, Nevada (PRWEB) December 09, 2005 – The National Association of Residential Real Estate Investment Advisors (NARREIA) has launched its free nationwide investment advisor service, connecting local real estate investors on a national level with highly exclusive advisors in real estate markets across the country. By doing so, NARREIA provides detailed statistical analysis and an insider track to local investment opportunities from anywhere in the country.
NARREIA is a collection of highly professional Realtors who have focused specifically on residential real estate investing on a national lev
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Florida Road Trip!
For 30 days in October 2005, NARREIA completed its biggest adventure yet: travelling the entire state of Florida in a 25 RV in our quest to discover the best investment markets and savvy agents with local expertise. We dodged Hurricane Wilma in Fort Lauderdale, slept under towering oak trees in Tallahassee, saw some interesting and bizarre properties along the Forgotten Coast (from the Taj Mahal to grass-filled living rooms), and made a lot of friends along the way.
Our primary objectives were: a) to find Advisors for NARREIA; b) to learn the details on each of the major Florida markets; and, c) to spread the word about NARREIA. We accomplished all of our objectives and then some.
We
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New Advisor: San Antonio, TX: Robin Rogers
bin gave us an extensive tour of San Antonio that included the historic districts (where theres great potential for rehab projects and long term rentals) and the northwest suburbs (which are good for new construction and long term rentals). Robin is a native of San Antonio and has lived there for many years, interspersed among her extended stays in Hawaii and England.
Check out her recent Market Report on San Antonio.
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New Advisor: San Antonio, TX: Judy Stockstill
On our way from San Antonio to Austin, we had an extra hour before our next meeting in Austin. So, we decided to meet with another local agent in San Antonio. We found one in New Braunfels, which is right off of I-35 on your way out of San Antonio heading towards Austin. Boy, did we luck out. The agent we ended up meeting with was Judy Stockstill, along with her husband George Stockstill.
Judy and George were extremely informative about the San Antonio market and have an extensive background in real estate sales/development and financial analysis. They happened to know of 2 new construction homes, fully upgraded, that the builder was selling $20,000 below market value AND willing to pay c
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New Advisor: Austin, TX: Steve Crossland
We met with Steve Cross in Austin last week, a day before Hurricane Rita hit the Texas coast. Steve gave us an extensive tour of Austin, focusing on the Soutwest. Weve been hearing the most buzz about the North, but Steves perspective and expertise is on the Southwest. We saw a few master planned communities such as Circle C and Belterra t
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New Advisor: San Antonio, TX: Brett Kummer
Brett is a native of San Antonio and has in-depth knowledge of the housing market. He currently splits his time between San Antonio and Dallas, where he teams up with W. Brian Casebolt in new home construction investments. Brett and his family have been involved in San Antonio new home construction for many years. San Antonio hosts a friendly "small-town" atmosphere (slated to be the 7th largest city by 2010) that doesnt garner a lot of national attention, but continues to be a steady market for cash-flow properties and decent appreciation. For more information on San Antonio, contact Brett and visit his homepage on our site.
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Contact Info
Contact Info:
National Association of Residential Real Estate Investment Advisors (NARREIA)
702-944-8783 (phone/fax)
Las Vegas, NVContact Info:
National Association of Residential Real Estate Investment Advisors (NARREIA)
702-944-8783 (phone/fax)
Las Vegas, NVContact Info:
National Association of Residential Real Estate Investment Advisors (NARREIA)
702-944-8783 (phone/fax)
Las Vegas, NV
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