September 2005
Real Estate Investing by Joshua Dorkin | September 30, 2005It was just a matter of time. The coasts have become unaffordable. Low and middle class neighborhood homes have risen in value to the point that neither the low, nor the middle class can afford to live there. 25% of properties are in the hands of investors and speculators. How could things get worse? After [...]
Read the full article → Real Estate Resources by Joshua Dorkin | September 30, 2005While exploring a great blog, MyMoneyBlog, one of our new bookmarks here, I cane upon a great resource I wanted to share with everyone. Dinkytown.net offers hundreds of financial calculators for you to calculate your savings goals, credit card reductions, mortgage refinances, debt consolidations, and more. I’ve been playing with a few of their calculators [...]
Read the full article → Real Estate Market by Joshua Dorkin | September 28, 2005New York City real estate blog, Curbed posted a great article explaining how GDP (Gross Domestic Product) can be used to predict the direction of the real estate market. For those of you interested in using economic indicators to do predictions of real estate up and downturns, this is an interesting piece. Read it here.
Read the full article → Real Estate Resources by Joshua Dorkin | September 27, 2005I guess I’m a bit behind here, but thanks to the HELOC Blog, I’m back on the ball. As of September 1, all citizens of the US can obtain FREE Credit Reports from all 3 credit bureaus (Experian, TransUnion, Equifax). This information is extremly important, and you should check all 3 at least once a [...]
Read the full article → Real Estate Investing by Joshua Dorkin | September 27, 2005One of our forum members, Snowstar, asked a question on how to find properties under fair market price. Charles, another member, had a good response, which I wanted to share with everyone: You won’t be fast enough to find and buy real estate “under the fair market price”. If such a property is advertised, the [...]
Read the full article → Real Estate by Joshua Dorkin | September 26, 2005Existing Homes Sales Hit 2nd Highest Level on Record; Home Prices Rise at Fastest Pace in 26 Years. . . The National Association of Realtors reported Monday that sales of existing homes rose 2 percent in August to a seasonally adjusted annual rate of 7.29 million units, a sales pace that was exceeded only by [...]
Read the full article → by Joshua Dorkin | September 20, 2005I’ve been looking for some time to find someone out there who is willing to face the fact that housing actually works in cycles. Every guest on the cable news programs reminds us that the market can’t and won’t go down. It upsets me that there are rarely guests brought on to share the other [...]
Read the full article → Real Estate by Joshua Dorkin | September 17, 2005While I and others have talked of Katrina leading to the market turning downward, there will be pockets that boom from this disaster. Remember that hundreds of thousands of people lost their homes. Keep in mind that hundreds of thousands of people evacuated to surrounding cities. These cities are already starting to see the “Katrina [...]
Read the full article → Real Estate Investing by Joshua Dorkin | September 17, 2005The past few days, people have been asking me about my thoughts on Hurricane Katrina’s impact on the housing market. I’ve mentioned everything from energy prices (we lost many rigs) climbing, insurance rates jumping, and costs of building supplies climbing due to huge new demand. A new article that came out today explains the impact [...]
Read the full article → by Joshua Dorkin | September 17, 2005NewsFlash: Real-estate economist and hedge-fund manager Ken Rosen of Rosen Real Estate Securities tells Stacey Delo that the housing market is already turning in Las Vegas and San Diego, and that the hotter areas are likely to see a correction by next year. Source: Marketwatch
Read the full article → Real Estate Investing by Joshua Dorkin | September 15, 2005Hey everyone! We’re at BiggerPockets.com are proud to announce: In conjunction with RealEstateCritic.com The Launch of our FREE Online Rental Property Investment Tool! Analyze Your Property for FREE! Calculate Cash Flow, Rate of Return, Expenses, etc! http://www.biggerpockets.com/recritic.html Save an unlimited number of property analysis files in your personal online account. • Download your property analysis [...]
Read the full article → Real Estate by Joshua Dorkin | September 7, 2005We all know that the market has been booming on the coasts, and especially in the southwest. Places like NY, FL, AZ, NV, and CA have all seen huge gains over the past few years. I was actually surprised to find out that Bakersfield, CA was the hottest housing market, trumping Vegas recently: Bakersfield edged [...]
Read the full article → by Joshua Dorkin | September 5, 2005Looking for signs of cooling? Read this: The National Association of Realtors said its pending home-sales index in July declined 1% on a seasonally adjusted basis from June, though it was still up 3.5% from a year earlier. A sale is considered pending when a contract has been signed but the transaction hasn’t been completed. [...]
Read the full article → Mortgages & Lending by Joshua Dorkin | September 4, 2005Found a good article on the JournalTimesOnline.com about bubbles and housing values. There are two factors that affect real estate prices regardless of the market: building costs (materials and labor); and cost of financing. The cost of home building has and always will increase over time. Events such as a devastating hurricane or other natural [...]
Read the full article → Real Estate Investing by Joshua Dorkin | September 2, 2005This blog is a great forum for sharing debates between our investor users. A topic that has had a lot of attention lately is the question whether investors should get their real estate license. I’m not going to recount the whole thing here. Stop by the forum and get involved in the debate.
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