October 2006
Economy by Charles Feldman | October 31, 2006It’s been about 25 years since auctions were somewhat common in Colorado, but the high rate of foreclosures in the state has led to a new round of auctions scheduled next month in Denver. According to the Rocky Mountain News, a Dallas company, Hudson & Marshall, plans to auction some 75 foreclosed homes. The homes [...]
Real Estate Deals by Charles Feldman | October 30, 2006Okay…it was bound to happen. After all that bad news about falling prices in the real estate sector, along comes some real estate professionals in San Francisco to say–hey, not here, buddy!–We’re Okay. According to North Gate News Online (UC Berkeley Graduate School of Journalism)-some of the experts in SF insist the dismal housing prices [...]
Economy by Charles Feldman | October 29, 2006Not exactly a good time to own a mortgaged home in Weld County,Colorado, especially if you have an adjustable rate mortgage and are now facing escalating payments. CBS News reports that the county is leading the entire country in foreclosures, 1 in every 168 households. That, says CBS, is 700 (that’s seven HUNDRED) percent higher [...]
Economy by Charles Feldman | October 28, 2006It is not uncommon for people to catch cold during the fall and winter months, but it would appear the U.S. ecomony is also feeling a bit of a chill, and some experts say the recent slump in housing sales is to blame. The U.S. Commerce Department reported that overall growth slipped to 1.6 percent [...]
Economy by Charles Feldman | October 27, 2006Interesting news the other day out of the Commerce Department and reported in the New York Times about new-home prices: The median price (the statistical point where half the houses are priced less but half are priced more) of a new house nosedived 9.7 percent last month when compared with the same month one year [...]
Economy by Charles Feldman | October 26, 2006For years, the advice to many on the East Coast was to head west to seek their fame and fortune, not to mention real estate deals and good housing. But, according to an article in the Napa Valley Register, the foreclosure rate in California has hit a four year high. Lending institutions sent out almost [...]
Mortgages & Lending by Charles Feldman | October 25, 2006Last year was an out and out bummer if you wanted to find yourself a real estate bargain. As Dian Hymer says, writing for Boston.com,the bargainless real estate market of a year ago was due in large measure to the fact that inventories of homes for sale reached record low levels. But what a difference [...]
Foreclosures by Charles Feldman | October 24, 2006Is there anything a mortgage lender can do to help head off a foreclosure? According to an article in the Houston Chronicle written by Lingling Wei of Dow Jones Newswires, the answer is yes…and the answer happens to be, community groups. The article highlights the East Side Organizing Project in Cleveland. It is a neighborhood [...]
Economy by Charles Feldman | October 23, 2006The headling of the Financial Times article sums it all up: “How U.S. housing boom may be coming to tricky end.” The piece says the “sudden slowdown” in the housing market in this country is sending analysts all over the world to look for clues about what might happen next. The article raises the following [...]
BiggerPockets News by Joshua Dorkin | October 23, 2006Hello everyone. I just wanted to check in and say hello! I see that Charles is doing a great job keeping things running back home at BiggerPockets. Thailand is amazing! The people are great and the country has so much to offer. There is so much construction going on, and there is a ton of [...]
Economy by Charles Feldman | October 22, 2006By definition, news is –well–about new and sometimes unexpected things. Such is the case apparently with U.S. housing starts which surprised some experts by rising last month by an estimated 5.9%, according to a Commerce Department report. Bob Willis,writing for Bloomberg and reported in the Detroit Free Press, says some believe “the housing slump may [...]
Economy by Charles Feldman | October 21, 2006If you are a boomer born between 1946 and 1964, there is a pretty good chance, says a new study, that you own a chunk of real estate. In fact, says the Harris Interactive survey sponsered by the National Association of Realtors, some 78 million Americans born between ’46 and ’64 now have real estate [...]
Housing by Charles Feldman | October 20, 2006Home sales going down; foreclosures going up. Sounds like a bad airplane flight, doesn’t it? Pretty bumpy going. But, this all leads to two key questions, says MarketWatch’s “Real Estate Weekly.”– For mortgage lenders, how much risk should they take on? For buyers, how far should they reasonably stretch their economic resources in order to [...]
New York Real Estate by Charles Feldman | October 20, 2006Wouldn’t want to be the broker for this deal — Metlife sold the 80 acre Stuyvesant Town in Manhattan for 5.4 BILLION dollars, making this the world’s biggest real estate deal ever, says Charles Dubow in BusinessWeek.
Real Estate Deals by Charles Feldman | October 20, 2006Location…Location…Location. The battle cry of real estate brokers. And, location is what a new “landmark” plan for middle-income housing in New York City has: Directly across the river from the United Nations in Queens…24 acres! New York City Mayor Bloomberg made the announcement and, according to Jill Gardiner’s account in The New York Sun, the city [...]
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