Real Estate Market

Will the Housing Market Encourage Job Growth?

by Harrison Stowe February 11, 2013

We were fortunate to see the housing market return to health in step with consumer confidence last year. The nationwide average in real estate values climbed steadily through the close of 2012, and many otherwise unsellable (or underwater) properties became safe to put on the market. However, it seems growing health in the property sector [...]

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Real Estate Market

Home Values Climb at Greatest Rate Since 2006

by Harrison Stowe February 4, 2013

While it has become clear that the housing market is turning a definite recovery, figures from FY2012 demonstrate that the average price of homes sold nationwide has appreciated at the fastest yearly rate in six years. According to new analysis from Bloomberg, the year-over-year rise in home values from November 2011 marks the most significant [...]

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Real Estate Market

Nationwide ‘Shadow Inventory’ Dwindling. Why?

by Harrison Stowe January 28, 2013

Statistics compiled at the close of last year demonstrate that the fabled ‘shadow inventory’ of unsold houses had fallen 12.3% year-over-year as of October 2012. This will come as a relief to housing market speculators, as the substantial volume of houses languishing in a pre-sale state had become a persistent bugbear among property investors. According [...]

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Real Estate Market

The Investor Swoon: Real Estate Non-event of 2012

by Steve Cook November 28, 2012

I suppose it’s not too early for year-end awards, so I would like to kick off the season with a nomination for Real Estate Non-event of 2012. I call it The Great Investor Swoon that Never Happened. About a year ago when foreclosure inventories started shriveling up and prices started rising, first in Florida foreclosure [...]

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Real Estate Market

Why does it feel like Goldman Sachs is Slurping our Homes

by Joe Salcedo May 11, 2012

IS IT JUST ME or are institutional investors also raiding your city? Here I loosely define ‘institutional investors’ as ‘organized money’, something backed by a well oiled capital machinery. Because it sure don’t look like cash from under their pillow. My emotional progression about all of this (not in the least, random): Damn, those guys [...]

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Real Estate Market

Real Estate Is Local (Except When It Isn’t)

by Joe Manausa, MBA March 8, 2011

I just finished reading Ryan Hinricher’s article on The Week In Housing, as I typically do every Monday. By show of hands, who else likes to see this report? Ryan provides a nice synopsis of some key housing trends that only takes a few minutes to digest. One of the first thoughts that echoes in [...]

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Real Estate Market

Maybe It’s Time to Invest in Canadian Real Estate

by Julie Broad July 7, 2010

The world has been watching Canada this year. Not because the winter Olympics were here, but because Canada escaped the global economic crisis with minor cuts and bruises while many other countries are still being hit hard. We’ve become the example for other countries to learn from. And some of the world’s most influential economic [...]

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Real Estate Market

Home Buyer Credit Extension Does Its Job, but what’s next?

by Ryan Hinricher June 7, 2010

Crunching the recent Pending Homes Sales Index (PHSI) numbers revealed the home buyer credit extension worked. The extension proved not to have diminishing returns as the index nearly matched the recent high set in October, 2009 (110.9 vs. 112.4). This is short term good news for the economy as the extensions have helped the real [...]

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Flipping Houses & Rehabbing

Is It Time For You to Get Outa Dodge? From Flip to Keep to See Ya!

by Jeff Brown April 27, 2010

My all time favorite axiom was taught to me by Grandma one day at their Art Shack in Temecula. It was during summer vacation, I was about 10 or so, and it was HOT. Grandpa was in the middle of one of his signature paintings of the Grand Canyon, when without warning he stopped, put [...]

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Real Estate Market

Multigenerational Home Buying Gaining Momemtum

by Chris Birk April 5, 2010

Make room for Mom. A growing number of home buyers are looking for extra space to accommodate multiple generations of family, according to a recent Coldwell Banker survey of real estate agents. Almost 40 percent of the agents who responded noted an increase in home buyers looking to purchase homes to accommodate more than one [...]

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Real Estate Market

Investigation into Pending Home Sales Reinforces Recovery

by Ryan Hinricher January 11, 2010

On the 5th of January, the National Association of Realtors released its latest Pending Home Sales Index (PHSI), showing a 16% decline over October. Almost immediately the media seized these numbers and outlets like MSNBC reported “Housing Industry May Be Headed for Double Dip”. Of course any decline anywhere in the economy right now is [...]

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Real Estate

National Headlines & Local Realities: Finding Great Real Estate Deals

by Tom Koziol December 25, 2009

If you read the headline that shouted, November new home sales sink 11 percent, without knowing your local market, you could easily believe it was aimed at you. On one hand, it certainly could apply to your area but, on the other hand, it certainly may not. By now, you probably understand the simple real [...]

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Real Estate Market

Is The Housing Market Overheating . . . Again?

by Peter Giardini October 27, 2009

It seems that in these past two weeks, we have experienced a tremendous increase in relatively negative news regarding the real estate market. Usually I just chalk up all this negativity to the media working hard to score a few extra bucks. However, this time I am choosing to not be so hard on the [...]

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Real Estate Market

Kennewick, The Stolen Salmon & Why Real Estate Is Booming There

by Charles Feldman October 21, 2009

First of all, I should tell you that I do not have the faintest notion why those dudes stole the freaking salmon from a fish hatchery in Kennewick, Washington! I can only tell you that, according to the Kennewick website, the dude allegedly stole the entire salmon. Doesn’t say if he was hungry or trying to sell the fish on the black market (is there a black market for salmon???) or whether he was, perhaps, romantically involved in some way with the big fish. Look, we are talking about Kennewick, Washington, so anything pretty much goes.

Now what brought me to the official Kennewick website in the first place, you may ask? (That’s okay. If you didn’t ask it, I just did.)

I’ll get to that in a minute. But first…for those not familiar with Kennewick, Washington (and I’m guessing that’s like 99% of you, right?) it is a city of almost 66 thousand people (and an unknown number of salmon I’m guessing) that is about a three and a half hour drive from Seattle.

In the winter, the temperature rarely drops below 44 degrees and in the summer seldom climbs much above 88. Except when it does.

The city is in Benton County which fits very nicely into the southeastern portion of this northwestern state.

And, did I tell you that Forbes ranks it number two in job growth for the entire United States? (Suppose that could mean it has just added two new jobs!)

Now I am getting to the interesting part.

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Real Estate

Why Exercising Could Make You a Wealthier Investor

by Jason Hanson October 7, 2009

I hate running. I pretty much hate any form of exercise. I have no problem doing my real estate work, but when it comes to working out, I’ll admit I’m very lazy and lack discipline.

I remember many of my mentors telling me how important it was to exercise on a daily basis and how exercising was often the first thing they did in the morning. I’ve also read the same thing in many books written by successful people. I recall one successful entrepreneur/writer saying that no matter what, he does three things every single day: 1) He writes 2) He promotes his business 3) He exercises.

This is What Happens When You Get Older

I’ve heard this advice for years and I just ignored it and didn’t think it had anything to do with success. Well, I must be getting older because a few weeks ago I started feeling run down and I didn’t have as much energy as I used to. Come 9:00 at night I’d be ready to pass out, even though I had just sat at my computer all day and hadn’t had a stressful or rigorous day.

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