Tag Archives: investing
Posted on 12. Mar, 2015 by Marc Courtenay.
Opportunity is often disguised in distressful situations. Property managers know that all too well. Many have shared with me how they turned “lemons” into “lemonade” by their careful vigilance. Recently The Federal Housing Finance Agency (FHFA) announced new requirements for sales of non-performing loans (NPLs) by Freddie Mac and Fannie Mae (the Enterprises). This involves […]
Posted on 10. Jul, 2012 by Marc Courtenay.
According to Standard & Poor’s, home prices actually improved from year-ago levels in seven (7) metropolitan areas. Phoenix, Minneapolis, Charlotte, North Carolina, Denver, Detroit [after falling off a cliff] and Dallas, Texas all saw improvement from March 2011. Phoenix went up 6.1% and the other six areas inched higher by 1.5% to 3.3%.
Posted on 22. May, 2012 by Marc Courtenay.
Most of us have heard the proclamations and the headlines emphatically stating “Housing Prices Have Bottomed.” Depending on your region, that may seem correct. Yet there’s an insidious impasse that may capsize this nascent, fragile housing recovery. I’ve been out there looking for houses to buy and potentially rent out for income.
Posted on 17. Apr, 2012 by Bryan Ives.
Buying cheap foreclosed properties and turning them into rentals has opened a unique window of opportunity for investors. Small-scale landlords have long owned the majority of single-homes for rent, but there’s a change occurring in the housing market.
Posted on 06. Apr, 2012 by Marc Courtenay.
First let’s talk about interest rates. Recently the 30-year and 15-year mortgage rates (which are tied to the benchmark yield on the 10-year US Treasury bond) have begun to creep upward. The average rate on the 30-year fixed mortgage hovered near historic lows the week of March 12th, making home-buying and refinancing more attractive to those who can qualify.
Posted on 14. Feb, 2012 by Marc Courtenay.
Houses in America are “the best value they’ve been in many generations” according to a housing analyst I interviewed recently. He enthusiastically reminded me that this is the time investors can “…pay below-market prices as banks try to unload properties.” This is a reality in every region of the country right now.
Posted on 07. Feb, 2012 by Marc Courtenay.
This apparently is the beginning of a nationwide trend, according to CNNMoney.com. They also reported that more than 4 million homes have been lost to foreclosure over the past five years. That’s a big inventory to add to the existing numbers of unsold homes, and that foreshadows a trend that will be more like a bottoming-out process on home pricing.
Posted on 02. Feb, 2012 by Bryan Ives.
Public universities around the country are handing over the process of building and financing on-campus dormitories to the private sector. The increase in demand for state college education, strict states budgets and the ability specialized student housing companies possess to build residence halls faster and cheaper are some of the reasons behind the change.
Posted on 27. Jan, 2012 by Bryan Ives.
Following the announcement that the federal government will be implementing a pilot program in the first quarter to sell Fannie Mae, Freddie Mac and Federal Housing Administration REO homes in bulk to potential investors, two California companies are in the works to develop their own rental platform.
Posted on 19. Jan, 2012 by Bryan Ives.
Apartment building sales continue to remain strong, but in some areas investors are opting to invest in properties in cities rather than the suburbs. Two deals in the Boston area serve as a prime example.
Posted on 16. Jan, 2012 by Aaron Bosshardt.
Every agent I have has positive feelings about the year 2012. What’s even more shocking is that bank executives I have been talking to are positive for the first time since 2008. If you are a looking to perfectly time a long-term purchase of real estate, then this might well be the year to do it.
Posted on 13. Jan, 2012 by Bryan Ives.
NeighborWorks America invested over $1.3 billion in rental housing over the course of its fiscal year ending Sept. 30. The organization consists of 235 independent nonprofit organizations and owns or manages 90,000 rental homes. CEO Eileen Fitzgerald plans to build out the portfolio to exceed 100,000 rental homes through 2013.
Posted on 11. Jan, 2012 by Bryan Ives.
Tiger Woods’ ex wife, Elin Nordegren decided to have her $12 million dollar Palm Beach mansion torn down.
Posted on 30. Dec, 2011 by Marc Courtenay.
Property managers need to streamline the application and screening process of filling vacancies. Finding good renters in this economy is becoming a numbers game. The better you know the condition of the housing market in your area, and the more potential renters you can reach and process, the more you’ll succeed.
Posted on 07. Dec, 2011 by Bryan Ives.
Michael Sorochinsky , CEO of Los Angeles based Cypress Equity Investments and Steven Fifield, CEO of Chicago’s Fifield Cos., plan on developing 1000 new apartments in the Los Angeles area.
Posted on 03. Nov, 2011 by Marc Courtenay.
The buy-versus-rent question is particularly relevant right now as we see home prices continuing to decline and interest rates on new mortgages also going down to the lowest levels in 60 years. Back in April of 2010 The New York Times did an impressive job of explaining the ratio that helps define whether it is economically more sensible for residents to buy or rent their housing.
Posted on 20. Oct, 2011 by Marc Courtenay.
These are the “better times”, when interest rates are their historical lowest and the number of people needing rental housing is growing exponentially with each passing year. As one publication stated it, “However, in real estate, the right time, the most advantageous time, is always the present.”
Posted on 13. Oct, 2011 by Nora Betz.
With Ted Turner a close runner up, John Malone is now the largest land owner in the United States.
Posted on 03. Oct, 2011 by Marc Courtenay.
Give owners some ideas on how they can take advantage of today’s real estate and financial trends. Impress them with your creativity and business acumen.