- Invesco PowerShares Lists Actively Managed US Real Estate Fund on ... - MarketWatch
- NorCal median home price plummets 41 percent - Forbes
- Grassroots Efforts Aim to Ease the Foreclosure Crisis - TIME
- Westaff Announces New Relationship With SIRVA, Inc. - MarketWatch
- New York state foreclosures may top 50000 in 2008 - Reuters
- FDIC home-loan plan may get TARP funds soon-Bair - Reuters
- Fixed-rate mortgages - kjrh.com
- Weber Says ECB May Raise Rates Faster After Crisis (Update1) - Bloomberg
- Treasury Yields Drop to Record Lows as Recession Concern Rises - Bloomberg
- US Needs to Pump $1.2 Trillion Into Banks, FBR Says (Update1) - Bloomberg
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Are you keeping up with the kick butt headlines on my real estate blog? You should be.
Existing Home Sales in U.S. Unexpectedly Increased (Update3)
From Bloomberg: By Courtney Schlisserman -- Sales of existing homes in the U.S. unexpectedly rose in February for the first time in seven months, easing concern credit restrictions and falling prices would hurt demand.
Might be a good time to buy first home
From: McClatchy Newspapers — CHICAGO - Everyone likes a bargain. So it’s no surprise that as home prices fall in many markets, those who have been priced out of owning a home are beginning to take notice. And some in the real-estate industry are saying that factors are aligning to make this a good time for first-time buyers to be in the market because they don’t have to face the challenge of selling a home to buy another.
What Does Gerald Romine See?
The feedback I’m hearing is investors are coming back and new investors are entering the market. The bargain hunters are out and both are great signs that things could be stabilizing. Do not mis-interpret that to mean the worries and troubles are over. They are not. However the increase in existing home sales and new buyers going to the market is encouraging for investors. If the trend continues that is good news… but the thing to be looking for is the lenders to loosen up the lending guidelines. When that happens the floodgates will be open and the market will turn on a dime. Now is the time to be a bargain hunter. Buy anything you can if you can make it cashflow as a rental property with 5% down or less.
Author: Gerald Romine
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