With rents rising faster than last year, the picture for residential real estate investors is getting even better than it already was as a result of once-in-a-generation prices and low interest rates, according to the founder of the leading Internet platform for investors and real estate professional. Read More »
Investment Watch
Boomers are Betting on Real Estate
Even though the real estate depression has delayed many from moving ahead with plans to sell the family home, baby boomers are a red hot market for investment properties. Read More »
Soaring Prices Suggest a Florida Phenomenon
According to the latest data from Realtor.com, the world’s largest real estate site, Florida single family home and condo prices are zooming at the same time that the rest of the nation is still recovering from the first quarter’s double dip. Read More »
Investors Can’t Resell
Anemic demand from owner-occupant homebuyers has forced investors to rent out about half of the homes they purchase — as opposed to renovating and flipping the properties. Read More »
REOs Extend Foreclosure Pain
Bank-owned foreclosures (REOs) are taking significantly longer to sell than foreclosures bought and resold by investors, extending the timeline for REO foreclosures even longer than the extraordinary delays for resulting from slower processing. Read More »
Tight Credit Strangles First-Time Buyers
Difficulties getting financing are increasingly keeping first-time buyers from buying homes in spite of very affordable prices in most markets. One serious result has been a slowing of the absorption of foreclosures and short sales. Read More »
Third Residential Web Site Goes Public
HomeAway, Inc., an Austin, Texas based site that matches home owners with travelers looking for vacation rentals and sales, priced eight million shares at $27 each this morning to raise $216 million in its initial public offering under the symbol AWAY. The Austin, Texas-based online marketplace for vacation properties priced at the top end of its $24-$27 price range. Read More »
Investors are Bearish on Next 12 Months
Real estate investors are slightly more bearish than the general public about the outlook for prices in their local markets over the next six to 12 months. Read More »
Bargains Beckon Canadians South
Lower prices and the strong Canadian dollar are encouraging one in five Canadians to buy U.S. property today, according to a new survey of by the Bank of Montreal. Read More »
Investors Dominate Distress Sales
Investor activity dominated a sluggish distress sale market in February as homebuyers are increasingly frustrated by difficulties getting financing, according to the latest Campbell/Inside Mortgage Finance HousingPulse Tracking Survey. Read More »