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Real Estate Investing, Short Sales, REO's, Bank Owned Foreclosed Homes, private money lending

The Housing Recovery is Bogus ?

by reggielal on July 9, 2013

Is this a true housing recovery or just a myth ?  

The housing recovery is bogus according to MarketWatch.

Here is some facts to make us wonder about the Housing Market recovery; 

  • Delinquent mortgages declined 15% this year, they are still running at 6.08% of all outstanding mortgages (still way too high)
  • New home loans problems are still running at a rate of 0.73% (which is still high)
  • More than 7.3 million mortgage holders have loans that exceed the value of their homes — that’s more than 14% of all existing home loans (Upside down home owners)
  • Investors, who look to buy properties and rent out or resell them, make up about 20% of the overall market of Real Estate Buyers
  • Aprox. 66% of distressed properties are going to Real Estate Investors
  • Hedge Funds are still buying and getting all the breaks from Wall Street and the Gov.
  • Very few actual homeowners are actually seeing the benefits 

Yes – interest rates are still low and Real Estate prices are still low in many markets. 

Time will tell if we all get the benefit or just the Banks and the Investors – stay tuned …

(Source: MarketWatch)


High Sold-to-List Price Ratio Confirms Bidding War Activity

May 22, 2013

Bidding Wars in the housing market again ! Bidding wars in Real Estate again should come as no big surprise to anyone that has been out looking for a home to live in or for an investment. As Real Estate investors, we have seen this occurring for months now in most markets. The market is down to […]

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The 5 Fastest Moving Housing Markets in US

May 12, 2013

5 Fastest-Moving Housing Markets DAILY REAL ESTATE NEWS | FRIDAY, MAY 03, 2013 The U.S. housing markets where homes are selling the fastest are mostly in the West, according to a new survey by ZipRealty. In fact, some western markets have seen a big rise in homes selling in seven days or less. ZipRealty identified […]

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Sub Prime Lending is Back !

April 29, 2013

We are seeing the first of the Sub-Prime loans making a come back ! Hopefully they are a bit smarter this time around, asking for more money as a down payment,and doing a full doc. loan.  Looks like 25% to 40% and rates of 8% to 10% at this time. Two of the early lender […]

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Phoenix is facing a housing shortage !

April 15, 2013

Phoenix is facing a housing shortage … (oh really) No really, that was in  the headlines today . Arizona State University School of Business experts say that Phoenix is in for a “Significant Housing Shortage”. The ASU experts claim that the metro area is growing, land prices are rising, and new home construction is lagging, hence the […]

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Bidding Wars in CA housing Market Again!

March 26, 2013

Funny how a constricted supply, coupled with abnormally low interest rates can turn a bad Real Estate market around in a hurry. A Simple supply and demand and home affordability thing. Bidding wars are now common in most CA markets. In Sacramento County there are only approx. 1,100 active homes listed for sale on the MLS service. […]

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10.4 million mortgages still in negative equity

March 19, 2013

This up-swing in Real Estate prices has helped the Real Estate market in many parts of the Country. I have been reading some very optimistic forecasts regarding where home prices will end up this year, anywhere from zero to 20% or more. No one is sure, all good educated guess based on their own interpretation of the data and […]

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Most Californians see economy as being in bad times

March 4, 2013

Greater than seven in ten voters (72 percent) currently describe California’s economy as being in bad times. In addition, six in ten (61 percent) describe unemployment as very serious in the state, while just 36 percent expect job opportunities to improve in the coming year, the poll says.  While this represents a slight improvement in […]

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Good news for landlords: Tenant risk declines

February 21, 2013

The risk of default among renters nationwide decreased year over year in the fourth quarter of 2012, according to a quarterly report Wednesday from financial information company CoreLogic Inc.  of Irvine. But on a quarter-over-quarter basis, the risk of default increased in the fourth quarter 2012 compared to the third quarter of 2012, says CoreLogic. […]

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California Homes purchased with cash hit a record high

February 10, 2013

The number of homes in California purchased with cash hit a record high last year, undoubtedly a result of high investor interest, a difficult mortgage environment and perceived higher returns on investment, according to real estate data firm DataQuick. The total number of properties paid for with cash reached 145,797 in 2012, up from the […]

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