Why People Don’t Want to Become Real Estate InvestorsChange is all around us. Foreclosure inventories and discounts are fluctuating in ways that are virtually impossible to predict at a local level. A massive wave of new multifamily construction could change the rental equation in hundreds of markets. Government and lender bulk REO-to-rental experiments could take off, drying up inventories and introducing new competition for SFR tenants. Well-heeled investment consortia promise to change … [Read more...]
Changes at Bank of America With Short Sales
April 17, 2012 By Leave a Comment
Changes at Bank of America With Short SalesAs of April 13th 2012 Bank of America made a few major changes that may make our short sale processing times more efficient. The goal of these changes is to make short sale processing through Equator (the Internet-based platform) at Bank of America so efficient that short sale approval can be received in less than one month.First off, Bank of America will require their new third party authorization for all short sales being processed through … [Read more...]
Are Real Estate Investors Making a Difference Across the Country?
March 6, 2012 By Leave a Comment
Are Real Estate Investors Making a Difference Across the Country? I was happy to hear that someone was giving real estate investors and our industry as a whole some positive PR for a change. NAR StatisticsThis reporter quoted a NAR statistic that said, “Home purchases made by investors are up from 18% in 2010 to 24% at this time”. If you ask several different people you are likely to get several different answers on the exact percentage of houses for sale they believe real estate investors … [Read more...]
All “Old School” Does Is Produce Results Every Time It’s Tried
February 21, 2012 By Leave a Comment
All “Old School” Does Is Produce Results Every Time It’s Tried — And Everywhere We LookAs a teenager in the 1960′s it seemed the world was tryin’ to make too many sea change pivots at once. We don’t seem to really become consciously aware of the world outside our neighborhood, school, and specific ‘kid’ stuff ’til we’re in jr. high school. Heck, now it’s not even called that — it’s middle school. That decade has since been referred to as ‘The 60′s revolution”. … [Read more...]
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How The Summer Squeeze is Changing Investing
How The Summer Squeeze is Changing Investing Investor participation in the housing market dropped sharply In July for the second straight month, reversing long-term growth in investor purchases of residential properties, according to the Campbell/Inside Mortgage Finance HousingPulse Tracking Survey.Investor participation in the housing market fell to 21.9 percent of all transactions in July, from 23.5 percent in June, based on a three-month moving average. Investor participation back in May … [Read more...]