Insuring a multi-family property
I got through my Friday the 13th closing with no problems, so I’m now the happy owner of a new four-unit property in the Montrose section of Houston.
Landlords :: use your authority thoughtfully and responsibly
Houston has had a few recent back-to-back murder-suicide incidents in the immediate aftermath of the terrible events at Virginia Tech.
Australian Real Estate Investing…South East Queensland.
Following on from my last post…I wanted to give you a better idea of the Queensland market…
Queensland has enjoyed the largest population growth of all Australian states and territories over the past decade, most of which has been centered on South East Queensland.
More News on Subprime Lending
Citigroup, the largest bank in the United States, announced today that earnings fell about 60% from last year at this time due largely to losses sparked by the U.S. subprime mortgage mess. Citigroup will write down loans estimated at $1.3 billion on subprime related assets.
Exactly what does this mean? For the consumer, not great news. Subprime lending is being blamed for the unprecedented surge in foreclosure activity around the U.S., partially responsible for the drop in consumer confidence. Countless media commentary is advising average homeowners not to buy a new home for at least a year. If you have your house on the market, expect to cut your asking price significantly if you want to sell your home.
Home Prices Depreciate in 17 States over the Past Year, While Wyoming, Utah and North Carolina Show Gains
SAN FRANCISCO, Nov. 19 /PRNewswire-FirstCall/ — First American LoanPerformance, a member of The First American Corporation family of companies and a leader in residential mortgage data and analytics for the mortgage industry and Wall Street, today announced the release of its September 2007 LoanPerformance Home Price Index (HPI).
Appraiser Marketing Part 2 - Direct Response Vs. Institutional Advertising
The first article in this series by Ken Rossman: Appraiser Marketing Part 1: Getting the biggest bang for your bucks! discussed how appraisers need to survey their clients to find out what their What’s In It For Me! triggers are.
March Market Report
The primary goal of this data is to paint the picture of reality in our local housing market, to provide a frank and honest discussion of opportunities, threats, oppositions and conditions as they exist, and to obtain the pulse of activity locally. This data is the result of information pulled from the Pikes Peak Association of REALTORS’ website as well as conditions observed by sales professionals, builders, other competing real estate firms and individuals connected to the sale and exchange of real estate in the Pikes Peak Region.
DISCUSSION:
The headlines for March are obvious: unit sales were below 900 at 875 units, a 14% decrease from March 2006 and the average closed sale price actually declined from February. Those are headline makers and hard to spin positively. What is interesting however is that over the last three years, March sales have increased 33% over February unit sales; 2007 was no different. So the usual spring trend of March being the first strong closing month of the year is in place, and part of the deficit of activity comes out of the deficit of previous activity. However, not crossing 1000 units as the market turns into Spring is psychologically discouraging.