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Archive of Steve Cook

Steve Cook is managing editor of Real Estate Economy Watch and UPI Real Estate, and provides communications consulting services to leading real estate organizations. Previously he was vice president of public affairs for the National Association of Realtors.

Steve has written 82 articles for The BiggerPockets Blog.


Real Estate

Tracking the Big Dogs: The Hedge Fund Invasion of Atlanta

by Steve Cook May 17, 2013
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During the Civil War, Atlanta was the site of a major battle that sealed the fate of the Confederacy.  Once again, Atlanta is at the center of a major struggle.  This time the invaders are huge institutional investors, or “hedge” funds, and smaller real estate investors are losing ground fast. You’ve heard the rumors, anecdotes [...]

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Real Estate News & Commentary

Fast-track Foreclosure will change Florida’s Investment Picture

by Steve Cook May 10, 2013
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Governments spend billions to stimulate economic activity but sometimes they cluelessly create great opportunities for entrepreneurs without spending a dime. Take Florida for example. From the 2006 South Florida Condo Crash to the present, with brief period of recovery 18 months ago, Florida has been the poster child state of the foreclosure crisis.  Initially its [...]

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Real Estate News & Commentary

Get Ready for the Next Apartment Glut

by Steve Cook May 3, 2013
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The multifamily industry suffers from a boom-bust cycle that’s more predictable than any other in real estate.  I believe it’s a function of the time it takes to put up an apartment building compared to single family housing.  The next bust is on its way and it could mean lower rents and higher vacancies for investors [...]

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Real Estate News & Commentary

25 Most Profitable Markets For Flipping Homes from RealtyTrac

by Steve Cook May 2, 2013
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Is your area good for flipping? Flipping homes may become more favorable for investors in 2013 as home prices appreciate in most markets. RealtyTrac selected the top 25 markets nationwide where flipping single family homes offers the highest rate of return based on the flipper’s gross profit — the difference between average original purchased price [...]

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Real Estate Investing

Tracking the Big Dogs: How Hedge Funds are Changing Major Real Estate Markets

by Steve Cook April 25, 2013
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Last year was the first in which major institutional investors (hedge funds) operated on a large enough to change major real estate markets.  While there’s been much debate, conjecture and anecdotal reporting as to the size and nature of their activities, for the first time a leading real estate economist has tracked their impact during [...]

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Real Estate News & Commentary

Good Bye to the Glory Years of Real Estate Investing

by Steve Cook April 17, 2013
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Has the Foreclosure Era boom in small-time real estate investing peaked and begun its decline? Will the seven million investors, both those who buy and sell properties for a living and those who are largely landlords, slowly sell off their assets as they cash their assets it to profit from rising home values? Will the [...]

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Real Estate News & Commentary

Yellow Light on Single Family Rents

by Steve Cook April 13, 2013
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How quickly conditions can change in real estate these days.  Just a few months ago, all the experts were predicting a banner year for single family rents and apartment rents.  Now, only one quarter into the new year, the green light for rent rates has turned yellow and in many of the biggest single family [...]

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Real Estate News & Commentary

“Hispanic Real Estate Professionals” Attack Investor-Favored Policies

by Steve Cook March 29, 2013
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Last week the National Association of Hispanic Real Estate Professionals called on lawmakers in Congress and government officials to reverse investor-favored policies that have created an imbalance in housing inventory and unfavorable conditions for Hispanics and other first-time homebuyers. Executives of NAHREP specifically cited Fannie Mae and Freddie Mac REO to Rental programs that eliminate [...]

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Real Estate News & Commentary

Michigan, Florida Markets Top List of Most Dangerous for Investors

by Steve Cook March 22, 2013
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Thirty-eight real estate markets have been tagged as “dangerous” for investors looking to make money on buying homes as rental properties in new quarterly data compiled by HomeVestors of America (known as the “We Buy Ugly Houses®” company) and Local Market Monitor. The list categorizes markets according to different investor risk preferences and assigns a [...]

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Real Estate

Hedge Funds are Fueling Foreclosure Inflation in Hot Markets

by Steve Cook March 20, 2013
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Though hedge fund purchases on a national level have had minimal impact, in the nation’s hottest foreclosure markets hedge funds, or institutional investors, are contributing to double digit foreclosure price increases and dramatic declines in REO inventories. A new analysis 16 of the leading foreclosure markets by CoreLogic economist Sam Khater suggests that institutional investors [...]

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Real Estate News & Commentary

Are Hedge Funds Blowing Bubbles?

by Steve Cook March 13, 2013
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Last month the New Republic published a provocative article by former TV producer David Dayen on hedge funds and real estate investing (Your New Landlord Works on Wall Street).  He said out loud what many people have been whispering. Dayen argued that Wall Street hedge funds, backed by billions from wealthy investors, are turning the [...]

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Real Estate News & Commentary

How Slower Foreclosures Cause More Expensive Mortgages

by Steve Cook March 6, 2013
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Home buyers who live in judicial states like Florida and Illinois are going to end up paying more for their mortgages because foreclosures in their states take longer to process. Come again? You heard right.  That’s the bottom line of new fees recently proposed by the Federal Housing and Finance Administration.  In a brilliant analysis, [...]

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Real Estate

Single Family Renters More Likely to Stay in Place

by Steve Cook February 27, 2013
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Good data on single family rentals is hard to find, despite the billions being spent by small and large investors alike to convert defaulted homes into rentals with the expectation tenants will want to live in them for a long time to come. That’s why the findings of a new survey released Monday are so [...]

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Real Estate

The Bad News on Foreclosure Discounts

by Steve Cook February 20, 2013
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The bad news is that foreclosure prices are rising as much as you feared, inventories are just as thin as you thought and foreclosure discounts are shrinking like a wet cotton shirt on a fat man. The good news is that all of the above is helping to make home prices pop and drive up [...]

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Real Estate News & Commentary

Straight Talk on Investing Today : A Conversation with Rick Sharga

by Steve Cook February 15, 2013
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Perhaps no one is as closely identified with the Foreclosure Era as Rick Sharga. From 2004 to 2011 no one did more to forewarn Americans about the greatest floods of foreclosures since the Great Depression and to help them understand how their local housing markets would be affected. In the process, he made RealtyTrac a [...]

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