This is something I am very familiar with. I’m looking to rent a home in my area, and I’ve been shopping around for a couple hours each day to find the home I want. Here’s a few tips for scoring that property at the price you want. Read more…
In today’s real estate market, sellers can’t afford to be choosers. If you’re a prospective first time home buyer or looking to grab some investment properties at bargain basement prices, there are a few tips to knock thousands off the price you pay. Read more…
Homeowners who are unable to sell their homes, or unwilling to lock in huge paper losses, have begun to trade homes with others. The trend, which is creating huge interest among cash strapped homeowners, involves finding another couple willing to make the housing switch. What was once a buying spree has now turned into a trading spree as some look to trade up while others trade down. Read more…
The American Recovery and Reinvestment Act of 2009 better known as the stimulus bill has a very interesting tax cut that is sure to fire up the real estate market. In the bill as drawn up American’s would receive up to a $15,000 tax credit for buying a home in 2009. I’ve dissected the bill and made it easier to follow than the full amendment. Read more…
We know what happened last time mortgages got too cheap, this time they’re even cheaper! After falling off the peak in October, interest rates have dropped for 9 straight weeks to fall to levels not seen since Freddie Mac started surveying lenders to find an aggregate rate for the 30 year fixed mortgage.
The 5.1% 30 year rate is pretty cheap but not as cheap as it could be considering the FED’s lax monetary policy this year. But one thing is certain, lower interest rates are indicative of more money in the banking system and banks wanting to lend. Banks have no option but to begin lending out the money TARP and the Treasury gave them, they’re so far behind on other loans its a deadly scheme to race back to par. Read more…
The Atom processor for Intel is flat out hot. After the MacBook Air set the precedent for smaller computing devices, the industry has been pumping out both small and light computers to meet the demands of consumers. The new laptops are nothing more than for surfing the web or word processing on the go but their low price points and seemingly high powered XP devices are catching on quickly. Read more…
Above is the RSI for the Monthly Dow chart with the RSI setting on 14. There is something very interesting in what we see here, the RSI reading for the monthly chart has never been this low other than three important dates, 1934, 1974, and now 2008. Read more…
There is still so much that must be answered on Bush’s latest call for a $700 Billion bailout package that will be used to clear the balance sheets of banking institutions and be eventually paid back. The problem is that it is doubtful the government will ever see even half of its total $700 Billion investment into the mortgage industry. Read more…
Pending home sales are off 6.8% since last July and it isn’t very hard to believe that they’ll continue to drop. The economic stimulus check may have put a boost in June numbers when people were more apt to be able to make down payments or have the financial ability to move. But as July came to a close, the number of pending homes dropped by 3.2% signaling weakness in a market that has certainly paid its dues over the past two years. Read more…
With stagflation just a definition away, the Fed is signaling that this next meeting will bring rate hikes to combat higher inflation. The Federal Reserve is now warming up its talking points to investors who are weary of inflation especially with the Federal Funds rate at 2%. Some input from the Federal Reserve Board might have merit, that even with a lower rate, the inability to get credit for most consumers is keeping inflation lower than what is expected. -
Freddie and Fannie Mae are huge. Together they hold $5 Trillion of US mortgages which equals roughly 50% of the US mortgage market. If these bankers prove to be insolvent, the United States will have a crisis on its hands in the form of 1970-80s style stagflation. To bail out these two banks, the national debt would have to adjust from $10 Trillion to $15 Trillion. Read more…
The worst part about this is that the 15.3% loss represents a hefty piece of American consumerism. Its now safe to suggest that people who purchased homes in the last few years have $0 in equity, and are even upside down on their homes. While this may seem to be a microeconomic situation, the macroeconomics are beginning to show through. People don’t have spending money nor do they have the HELOC to fall back on. Read more…
Washington Mutual announced today that Kerry Killinger will no longer serve dual role as chairman of the board and also as CEO. He will instead become a regular board member and retain his title as Chief Executive. The problem isn’t in the executive lineup or in the restructuring of “corporate governance” these loan companies are just trying to avoid pressure from average Joe investor and his opinion on subprime investments. Read more…
Poor timing, too low price points? No, it appears that Yahoo might be avoiding a Microsoft buyout solely for sentimental reasons. Now that Jerry Yang is the CEO, it appears he’s wanting to hold onto the company he worked so hard to start back in his own college years at Stanford.
Yang owns about 4% of the company that is currently worth $1.5 Billion, his stakes are huge and he’s still drawing the infamous $1 salary that is common with many tech giants. His wealth has been derived in its entirety from the growth and capital gains he’s received as a huge shareholder in Yahoo. As CEO and a founder, it seems that his own unwillingness to sell might lay in a dislike for Microsoft and sentimental views of Microsoft rather than what shareholders want. Read more…
Bonds, ETF, Forex, Futures and Commodities, Investing, Real Estate, Round Up, Stocks
Investment firms borrowed over $270 Billion dollars from the Federal Reserve last week for an average of just under $33 Billion per day. The Federal Reserve has practically opened its doors to banks who need the cash to calm liquidity concerns. The first week of the new program prompted about $100 Billion in loans, an amount that has nearly tripled over the course of one week. Banks raised their borrowing by nearly 7-fold as they trade worthless assets for more cash. The Federal Reserve now allows banks to use mortgage backed securities and other assets as collateral for new loans, even if the value of the collateral is much lower than its stated value. Read more…
That’s the new buzzword on the street. Bank of America which is hurting greatly from the subprime credit crunch, has proposed an offer to Congress, asking for the creation of the Federal Homeowner Preservation Corporation. Read more…
By Angela Baca
In a 8/31/07 address to the Federal Reserve Bank of Kansas City’s Economic Symposium, Chairman Ben Bernanke said: “Sales of new and existing homes have declined significantly from their mid-2005 peaks…The cutback in residential construction has directly reduced the annual rate of U.S. economic growth about 3/4 percentage point on average over the past year and a half…” Read more…
This week the rates on 30-year mortgages dropped to their lowest point in 2 months, averaging 6.59%, down from 6.68% last week. Of course, this is good news for people who are thinking about buying a home, especially those who are having a difficult time getting credit. Read more…
There are a lot of people who are trying to make money by flipping houses today. Herein they purchase a home beneath its market value to rehabilitate so that they can sell it for a profit in a short period of time. Here are 4 tips to help you make money by doing this: Read more…
On May 4 Sony Entertainment released its highly anticipated superhero film Spider-Man 3. This was also the first of the summer’s blockbusters to be released. This week Dream Works will release Shrek the Third and then Disney will release Pirates of the Caribbean: At World’s End, followed by Time Warner who will be releasing such movies as Harry Potter and the Order of the Phoenix. Read more…
While there are a lot of great advertising methods available to you, here are a few more. These are oftentimes not utilized enough by real estate investors. Here are 3 things that you should look into so that you can make your real estate investing as profitable as possible: Read more…
Of course, there are some medias that you will not want to get involved with as a real estat investor. One of these is radio. The audience is too hit and miss, which makes it very difficult to build an image for what you are trying to do. Read more…
As a real estate investor, you should create different lists to promote to. This is because your message to the different industries who may be interested in your property will need to be different. In other words, you will need to connect with these people by saying what they want to hear. When you do this you will create interest in reacting to you because you have said something that they wanted to hear. Read more…
If you are a real estate investor, you will find that billboards will bring in 11% of your business, unless they are located on a major roadway where they could bring in 45% of your advertising, if not better. However, it is very important that you always hang these billboards in the area where you want to purchase homes from. Read more…
You can generate approximately 32% of your business from the television media. Here you will be able to address your audience and speak directly to them. So, you need to make sure that you outline the reason why these distressed sellers should call you instead of using a realtor. Read more…
|
|
Or subscribe via email: |
| Why should you subscribe? |
 Investing Blog on iPhone |
