Been thinking of buying a new home? Now is not the time to hesitate. The real estate bubble has burst leaving some with misfortune but creating great opportunities for others. Now is the time to invest in residential real estate, whether you’re on the market for your first home or are considering expanding your investment [...]
Entries from December 2008
Residential Real Estate: Now is the Time to Invest
Dec. 31st, 2008
Marin County California Real Estate Profiles – San Rafael
Dec. 31st, 2008
San Rafael is the oldest city in Marin County, and it may be one of the most interesting and diverse as well. Comprised of 30 distinct neighborhoods in addition to a lively downtown shopping district, San Rafael is an eclectic mix of the old and the new. Downtown you’ll find a vibrant city plaza, full [...]
Guide to San Francisco’s SoMA Neighborhood
Dec. 31st, 2008
If you live in or are visiting San Francisco California, there is no place to visit quite like the South of Market (SoMA) neighborhood. The SoMA, as it is commonly referred to, borders Market Street to the north and northwest, Townsend Street on the south and southeast, the Central Freeway to the west, and the [...]
An Overview of the Tulsa Real Estate Market
Dec. 31st, 2008
The real estate market all over the country seems to fluctuate more than any other market, with the possible exception of the stock market. The stock market, of course, fluctuates daily. Real estate is a more concrete market, however, generally fluctuating in predictable patterns. Every so often the market rises until it is at nearly [...]
Why Banks Need REO Agents
Dec. 30th, 2008
Many real estate agents sell homes for years without knowing exactly what an REO agent is. REO agents are responsible not only for listing properties for banks but also for all of the prelisting duties need to prepare a foreclosed home for the market. Some of the duties a typical REO agent is responsible for [...]
Learning About Real Estate Investing
Dec. 30th, 2008
If you get a to-do list from people in their forties, fifties or older one of the first things you’ll get is that most people wish they had gotten started in real estate and investing in real estate quite some time ago. One of the reasons for the delay in entering this particular investment arena [...]
House Prices Fall – How Low Will They Go?
Dec. 30th, 2008
Despite the difficulty in market forecasting, many who have examined the residential real estate market point to continued declines through 2009 and beyond. The most likely scenario has resale residential real estate markets bottoming in 2011 at prices 30% off the peak nationally. All methods of predicting future price action rely on the same basic [...]
San Francisco California: Neighborhood Guide for Home Buyers
Dec. 30th, 2008
San Francisco is one of the most interesting cities in the world. With its laid-back sophistication and broad-minded elegance, it is no wonder that real estate in San Francisco is highly sought after. It is a competitive real estate market, with homes tending to sell fairly quickly, and often over asking price; but with due [...]
Fundamental House Value, What Are Houses Really Worth?
Dec. 29th, 2008
The fundamental value of all housing prices is equivalent rents. Rents define the fundamental value of real estate because rental is a direct proxy for ownership; both rental and ownership provide for possession of property. Most people believe comparable sales define the value of real estate. In reality, comparable sales measure the collective foolishness of [...]
Flip That House – Houses Were Traded Like Commodities
Dec. 29th, 2008
Commodities are items of value and uniform quality produced in large quantities and sold in an open market. Although every residential real estate property is unique, these properties became uniformly desired by investors because all real estate prices rose during the housing bubble. The commoditization of real estate and the active, open-market trading it inspires [...]