Economy

Economy

How the Robo-signing Settlement will Affect You

by Steve Cook | February 8, 2012
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As the result of a massive settlement negotiated between states and lenders that is almost complete, major changes are in the offing that will significantly change the way lenders, especially the largest banks, service defaults and foreclosures.  For investors, especially those who invest in major foreclosure markets in states in participating, the settlement will have [...]

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Economy

Are Housing Solutions Really Part of the Real Estate Problem?

by Chris Clothier | February 7, 2012

Cash is King If you’ve been paying attention recently to the drivers of the real estate market, you may have noticed that there is a decided uptick in the number of ‘Cash Purchases’ taking place throughout the country.  Some estimates put the actual number of cash transactions at over 100,000 monthly across the U.S.  This [...]

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Economy

America’s Love/Hate Affair with Investors

by Steve Cook | January 25, 2012

When it comes to residential real estate investors, there are clearly two points of view today within the real estate industry and in Washington.  Some applaud investors for plunking down their own dollars to save decaying homes in moribund neighborhoods and reviving local real estate markets.   But investors come under fire by others  for out-competing [...]

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Economy

SFR: Birth of a Category

by Steve Cook | January 18, 2012

In the dorky world of real estate economics, the creation of a new housing category should be a major event, on par with, say, the discovery of a new solar system or the cloning of a pig. Strangely, single family rentals (SFR), even though they are now a multi-million property segment of the nation’s housing [...]

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Economy

Can Home Values and Foreclosures Live Happily Ever After?

by Steve Cook | January 11, 2012

Have foreclosures gotten a bad rap? For years, economists and policy makers have believed that foreclosures are inherently toxic for neighboring home values.  Many therefore assume that a housing recovery will be impossible as long as foreclosures remain abundant.  The mere existence of 4 to 6 million properties in the foreclosure pipeline has contributed to [...]

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Economy

The Difference Investors Make

by Steve Cook | January 4, 2012
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A nation’s homes shape the quality of its citizens’ lives.  Homes are where the workaday world ends and family life begins.  Life’s passages take place in our homes; they are where children grow up and memories are made.  Homes form the building blocks of every community. Not since the Depression has a man-made disaster so [...]

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Economy

Rental Outlook 2012: The Good Times Roll on

by Steve Cook | December 28, 2011
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The stars are aligned to make 2012 an extraordinary year for rental income.  The decline in homeownership is translating into rising rents and the multifamily apartment sector, though booming today, was late catching the wave.  If it weren’t for the new investor-driven single family rentals in many markets, rents would be zooming even higher than [...]

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Economy

Real Estate in 2016

by Alan Noblitt | October 28, 2011
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Real estate investors, like mortgage note buyers, need to have a clear understanding of not only their own investments but also of the broader real estate and economic world.  Your decision on whether to put up your own money would vary widely based on differing assumptions of property values declining 20% over the next five [...]

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Economy

How a Broken Education System Affects Real Estate

by Alan Noblitt | September 17, 2011

Economic Highlights of the Past Week  Real Estate *22.5% of all U.S. homes (nearly 11 million properties) are still underwater, down from 24% a year ago.  Nevada at 60% and Arizona at 49% are the “leaders” (9/13/11 Housing Wire) * FHFA, regulator of Fannie Mae and Freddie Mac, is considering whether to allow refinancing in excess [...]

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Economy

Selling Oklahoma

by Alan Noblitt | September 10, 2011

Economic Highlights of the Past Week Real Estate * Federal government considering  using Fannie and Freddie to refinance loans in order to  lower mortgage payments * 30-year fixed rate mortgage average down to 4.12%, the lowest since Freddie Mac started tracking this in 1971.  The 15-year fixed rate came in at 3.3% — also a [...]

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Commentary

The Golden Year & Economic Highlights from the Past Week

by Alan Noblitt | September 2, 2011

Real Estate * The average price of a home is down almost 6% from a year ago, though up by 3.6% in the second quarter, according to Case Shiller  (August 30 Housing Wire) * The Congressional Budget Office (CBO) estimates that Fannie and Freddie will cost taxpayers another $51 billion between 2012 and 2021 — [...]

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Economy

Lost in Never-Ending Space

by Alan Noblitt | August 19, 2011

Rarely do I come across something intelligent from any government leader associated with a monetary or economic entity.  Below, I note not just one but two brilliant pieces with which I fully agree. The first was a speech by a region president of the Fed – of all places.  As many of us who stay [...]

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Economy

Real Estate Bubbles: The Bigger They Are, The Harder They Fall

by Andrew C. MacDonald | June 6, 2011
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The real estate bubble that started at the turn of the millennium was the greatest we’ve seen in the past 120 years. As the saying goes, “the bigger they are, the harder they fall” and this is why we’re still seeing the effects today. In hindsight we can shed some perspective on this last bubble [...]

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Economy

Is Economic Ignorance Bliss for Real Estate Investors?

by Richard Warren | June 6, 2011

I was the featured speaker at my local real estate club a few days ago. There was a good turnout with the typical mix of novice, moderately experienced, and well-seasoned investors. Before beginning my presentation on evaluating rehab properties, I provided a brief update on a fairly significant economic event that would happen at the [...]

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Economy

Learning from Bubbles: A Look at Housing Bubbles Worldwide

by Andrew C. MacDonald | March 14, 2011
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By now, the word “bubble” no longer conjures up images of childhood fun for most adults. Most of us now associate the term with the real estate market based on what has happened over the past few years. To make sure we learn from history, this article compares the bubbles of the last decade across [...]

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