National real estate statistics are just that-national. Although the national February numbers for new construction home sales and pre-existing home sales numbers were not what many had hoped for, these numbers take into account the US as a whole. But, there are many parts to the whole and Nantucket is one part. There are areas [...]
In December 2008, there were 628 total properties listed and out of those, 17 had accepted offers or were under agreement, 2.7%. In December 2009, there were 630 total properties listed and out of those, 33 had accepted offers or were under agreement, 5.2%. In December 2010, there are 593 total properties listed and out [...]
I just got back from the Inman Real Estate Conference in NYC and learned a ton. All in all, people think there will still be pain in most real estate markets. However, there was also a majority consensus that areas like Nantucket, the Hamptons and Manhattan are well insulated markets that are very resilient and [...]
Real estate is most often purchased using leverage. Leverage refers to the purchase of an investment with borrowed money (the mortgage). The effect of leverage is that both gains and losses on the investment are magnified dramatically. Consider the following two examples: The Smith family has $25,000 to invest. They choose to invest in the [...]
June 6 (Bloomberg) — While it’s folly to predict exactly when local housing bubbles will burst, there are ways to ensure that your real-estate holdings don’t explode. With U.S. Federal Reserve Chairman Alan Greenspan finally weighing in with the observation on May 20 that he’s seeing “an unsustainable underlying pattern” and “froth” in U.S. housing [...]
Measly returns on Wall Street over the last few years make the hottest housing market on record seem like a sure thing. It’s not. By Forbes.com Where’s a better place to put your money: the stock market or real estate? These days the accepted wisdom (at least at cocktail parties) says to pick real estate. [...]
How Cheap Dollars And Cheap Flights Are Bringing Average Joes To A Market Near You. By Rana Foroohar Newsweek International May 2 issue – Property, like politics, used to be local. After all, what demands more on-the-ground knowledge than buying a home? But over the last few years real estate has gone global. Already, there’s [...]
€˜Appraisal inflation€™ a worry for housing experts By Jane Wells It is often referred to as €œappraisal inflation€ and it could be the dirty little secret of the housing industry. advertisement The practice €” when real estate appraisers bend the numbers to satisfy clients and stay in business €” is a growing problem, according to [...]
New York Times Published: March 25, 2005 By MOTOKO RICH and DAVID LEONHARDT Real estate-crazed Americans have started behaving in ways that eerily recall the stock market obsession of the late 1990′s. In Naples, Fla., some houses have been bought twice in a single day, an early-21st-century version of day trading. Buying stocks on margin [...]
By Robert J. Bruss Inman News Consumer Real Estate News At the 2005 International Builders Show in Orlando, Fla., economists David Seiders of the National Association of Home Builders, David Berson of Fannie Mae, and Frank Nothaft of Freddie Mac agreed that mortgage loans to rental-home investors are becoming a significant factor in home sales. [...]
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