May 5 2009

Phoenix leads The Way Down

According to the New York Times (article by DAVID STREITFELD and JACK HEALY from 4/28/2009) Phoenix is the leader in housing price reduction since the peak.
Needless to say these are not bad news for real estate buyers. The article mentions how the low price levels are starting to reduce inventories.
As investors we hope for more [...]

Apr 24 2009

Low Prices Lead to Bidding Wars in Some Markets

This is an article by JAMES R. HAGERTY of the Wall Street Journal from 4/23/2009.
As we have been discussing, the low prices are generating accelerated sales activity in some markets.
The prices are still not going up due to the consistent pressure from bank-owned inventory. However as more buyers’ interest is present, it signals that the window [...]

Apr 14 2009

Increased Sales Activity Continues as Prices Get Low

Enclosed is the April Market Pulse from Orlando as per the Orlando Realtor Association. It was sent to us by Jean Gillen, our Orlando broker.
The trend continues with increased sales, reduced inventory and increased activity. All these indicators point in the right direction: prices are low enough to generate serious buying activity on the part [...]

Mar 28 2009

Home Sales Climbing

Here is an interesting article from Reuters, written by Lucia Mutikani and sent to me by Liam Gillen from the Orlando team.
We have started to see the upswing in sale in various markets. Undoubtedly the low interest rates are helping. The very low price points fostered by bank-repossessed properties are also luring in new homeowners. [...]

Mar 13 2009

Orlando Sales Activity Picks Up As Prices Dip Low Enough To Attract New Buyers

This is information sent to us by Jean Gillen, our Orlando broker.
It is clear that since prices in Orlando have gotten to a low enough point, there is an uptrend in buying of existing homes.
We can see that the total inventory of existing houses for sale is steadily going down. This is a very positive [...]

Feb 26 2009

Do I Wait For the Bottom to Buy?

What are we, as real estate investors, supposed to do?
Everywhere we look, we get news that “The bottom hasn’t yet been reached” and that “Things will get worse before they get better” etc.
We cannot deny the outstanding bargains available in so many markets right at this moment. But.. shouldn’t we wait for even better bargains?
In [...]

Feb 18 2009

Missing Note Forestalls Foreclosure in Florida

Here is an interesting article sent to me by Liam Gillen from Orlando. It is from the Orlando Sentinel and is written by Mitch Stacy from Associated Press with a copyright to the Orlando Sentinel.
This is again a reminder of an issue that has been discussed a lot – that many banks have lost the [...]

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