Rents Going Up:)
For those of you who are renting out properties, get ready to get excited...
http://news.yahoo.com/s/usatoday/20070205/bs_usatoday/renterswilldigdeeperin2007
Real Estate 2.0
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With land getting so crowded, the age-old fantasy of sea-based living is becoming reality. Business 2.0 dives in.
We've been promised many things in the world of Tomorrowland: jet packs, flying cars, picnics on the moon.
We remember those pledges, ruefully. But with all of our attention on the skies above, we tend to forget about the seas below and another once-popular 21st century prediction: that one day we'll be living on and under the oceans.
The idea isn't so far-fetched. As Earth gets increasingly crowded and polluted, some 225 million square miles of prime real estate representing 71 percent of the planet's... continue reading >>
Shoddy Construction issues?
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Dark side of the housing boom: Shoddy constructionWednesday February 14, 9:12 am ET
By Sarah Max, Money Magazine contributing writer Less than a year after moving into her new 2,100-square-foot house in Lenexa, Kans., Susan Sabin has strung up lemon lights in her front window.
The lemons, she says, go perfectly with the home's most prominent features: jammed doors, warped windows, bent pipes and cracked walls. "The house is essentially splitting in two," says Sabin.
At the peak of the recent housing boom, home buyers scooped up a million newly built homes every year while homeowners poured more than $200... continue reading >>
FUNNY ARTICLE!!!
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Below is an article I found on Yahoo! Finance. It is obviously a promotion by Fidelity Investments. Why do I say this? Because they don't have a way to profit from advising people to buy real estate, so they have to bash it to sell more mutual funds and make a few more billion from uneducated investors. They picked the years that would work best to highlight stock performace vs. real estate, didn't say anything about real estate's tax advantages, or the fact that you can leverage your real estate!!! Stockbrokers are nothing more than salesmen trying to get a... continue reading >>
Housing down again...YAY!!!!
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No Shelter From the Housing StormTuesday March 27, 3:09 pm ET
By James Pethokoukis
As the saying goes, never try to catch a falling knife. And what made me think of that? This: New single-family home sales declined 3.9 percent in February to an annual rate of 848,000, according to new Commerce Department data. That's the lowest level in almost seven years and much weaker than the 990,000 rate expected by the consensus. Plus, it's the absolute reverse of the 3.9 percent rise in existing home sales. Even worse, sales were revised lower for November, December,... continue reading >>
Young Retirement Homes...
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Yahoo article...It really hit home today since my mother-in-law passed away today...
Retirement-home sales are growing -- among buyers still decades away from retiring.
From New York's Catskill Mountains to Oregon's rocky coast, younger couples who might otherwise be focused on building a nest egg instead are buying a lakefront house or country cabin that they hope to one day use in retirement.
For these younger buyers, this isn't an extension of the real-estate investment bug that bit a few years ago and is now fading as home prices flag in many markets. And they're not throwing financial caution... continue reading >>
Seller Concessions
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If someone is unfortunate enough to live in an area with a glut of homes for sale, they probably know how hard it can be to sell a house in such a real estate market. It's the old "supply vs. demand" concept, and when supply outgrows demand, things can get hairy for sellers. It's not uncommon for homes to spend months, if not years, on the market in certain areas of the country.
As a result, home sellers have gotten creative with finding innovative ways to promote their homes and make them stand out. From home staging to major landscaping... continue reading >>
