Real estate market bottom. Where exactly is it? Should we be obsessed with trying to figure it out or should we keep on working and investing because sooner or later it will come back?
We're hearing more chatter about yet another group of ARM's coming due plus the government real estate bailout was basically a fake detour and will not hold up much longer.
It may be a long hot summer for many homeowners who are worried about their jobs. If they don't have a job they can't pay the mortgage.
But there's another very important point if real estate prices continue to fall in some areas. That means there will be deals for real estate investors who have the money or can get the money.
More on that from Property Grunt. (Sorry about some of his language)
He makes a very good point that we've been stressing for a long time. Banks are in the lending business. They are not landlords.
Go to Property Grunt's rant It's a Madhouse
Amazingly he points out that some distressed homeowners are actually being paid not to walk away from their mortgages. Unbelievable, but he has the evidence.
But the debate continues….
Early signs of a 'double dip' in housing prices – MarketWatch
One in five housing markets entered a second leg of home price declines in late 2009, after showing price increases for nearly half of last year, according to a report released Wednesday by Zillow.com, a real-estate Web site. … a brief respite from a larger market correction that has not yet run its course," he said. Still, Humphries said markets that see a "double dip" in values before reaching a bottom won't see a return "to the magnitude of depreciation seen earlier. …
San Diego Homeowners – 12 Years To Recapture Lost Equity? | San …
No doubt, San Diego is seeing a few green shoots in the housing market. This is especially evident in the low end of the San Diego real estate market. … By the time the market hit bottom – at least the bottom according to Case-Schiller – that property was worth $134800, a decline of 32.6 percent. Using HSH's assumptions, the value of our imaginary house won't rise back to the $200000 the buyer originally paid, until 2022. It will be 12.5 more years until this condo is …
Irvine Housing Blog – Irvine Real Estate and Resale Homes – No …
HSH is predicting a flat real estate market with no increase in value through June 2010. Then, from July 2010 through August 2011, a period of 14 months, prices are projected to increase at a rate of about 2.5% a year. …
Popularity: 1% [?]
Related Websites -
Real Estate Investments - Good Idea or Bad Idea? Right now, if there was a market that had bad news written all over it, it would be real estate. The housing crisis has made investors jumpy, the economy appears to be tanking and home values are plummeting across the country. Would you believe that this is actually a good...... -
Is It A Good Time To Invest In Real Estate? Even though I've experienced phenomenal returns in real estate, I think its getting exceedingly difficult to invest in that asset class. If you're flipping houses and you have a good buying and selling system in place, then the story is different, but thats probably your full-time job. If you a...... -
10 Worst Real Estate Markets In 2009 As I mentioned in a previous post, the real estate market hasn't hit bottom yet. According to an Article in Fortune Magazine, 8 of the top 10 worst real estate markets in 2009 are in California. The range of the predicted price decline is between 20 to 25%. 1. Los Angeles 2008 median house...... -
The Mortgage Crisis and Investments in Real Estate According to regional and state real estate analysts, the factors which previously fueled the housing boom of the last few years are easy to explain. The factors that fueled this boom in the real instate industry ranged significantly, including: - Interest rates that were historically low. - Flight-Risk Safety Investments...... - San Diego Is Anti-Poor San Diego just blocked Walmart's plans for a new Super Store arguing that that Wal-Mart puts smaller competitors out of business, pays workers poorly, and contributes to traffic congestion and pollution.Of course the council failed to state that social engineering isn't their job and that the people who currently work......