|
|
By Dennis Norman, on August 31st, 2009 Dennis Norman
By: Dennis Norman
Recent reports on the real estate market have been pretty encouraging and, in fact, many are suggesting the real estate market has hit bottom or is even beginning a recovery. Some of the current stories I’ve seen are:
Stocks spike on recovery hopes- CNNMoney.Com - ”The report is basically telling [...]
By Dennis Norman, on August 27th, 2009 Dennis Norman
By: Dennis Norman
Foreclosures have been providing a steady supply of homes to the investor market for a while now and it appears foreclosures will not slow down anytime soon. There are many companies that track foreclosure activity as well as provide investors with information on foreclosures and while their take on [...]
By Dennis Norman, on August 21st, 2009 By: Dennis Norman Dennis Norman
The housing market continues to show signs that it may be ready to come off life support which is very good news for the real estate investor. I know many investors have been anxious to take advantage of some of the great opportunities to buy investment property at prices way below [...]
By Dennis Norman, on August 20th, 2009 Dennis Norman
By: Dennis Norman
Investors, get those check books ready, maybe it’s time to buy again? Adding to the list of recent positive reports on the housing market and home prices is the Housing Market Report that was issued this morning by Radarlogic. According to the report home prices increased in June from the previous [...]
By Dennis Norman, on August 11th, 2009
Dennis Norman
By: Dennis Norman
Today SmartZip, Inc. released it’s first release of the SmartZip Top 10 Markets™, a list of top-rated cities most likely to yield above-average investment returns over the next ten years. The markets are hand-picked by SmartZip’s analysts in conjunction with local market experts.
Presently SmartZip, which [...]
By Dennis Norman, on August 5th, 2009 Dennis Norman
By: Dennis Norman
Monday and Tuesday I did part one and two of my series on the National Fix and Flip Network and today will finish this series with the conclusion of my E-View TM with Eric Dale, the Vice President of National Fix and Flip network.
Dennis-Eric, you have touched on some of the resources [...]
By Dennis Norman, on August 4th, 2009 Dennis Norman
By: Dennis Norman
Yesterday I did part one of my series on the National Fix and Flip Network and today will continue this series with the beginning of my E-View TM with Eric Dale, the Vice President of National Fix & Flip network.
Dennis-Eric, from talking with you I know your background is real estate and [...]
By Dennis Norman, on August 3rd, 2009 Dennis Norman
By: Dennis Norman
I recently received a press release from ServiceLive.Com announcing their company had joined forces with National Fix and Flip Network to help real estate investors that are buying homes to “Fix and Flip save time and money on home repairs and improvements”.
I was not familiar with either of these companies [...]
By Dennis Norman, on July 2nd, 2009 Dennis Norman
By: Dennis Norman
This past Monday I did a post on short sales where I addressed the use of option contracts by investors on short sales. Since then I have spent a lot of time discussing and researching this approach to short sales.
I always try to keep an open mind when [...]
By Dennis Norman, on June 30th, 2009
By: Dennis Norman
Today the Office of the Comptroller of the Currency (OCC) and the Office of the Thrift Supervision (OTS) released their mortgage metrics report for 1st quarter 2009.
The report shows foreclosures continued to increase during the first quarter of this year. However the report also shows a significant increase in short-sales which [...]
By Dennis Norman, on June 29th, 2009 Dennis Norman
By: Dennis Norman
A recent study shows that 20% of homeowners owe more on their mortgage than their homes are worth. This, coupled with the challenged market we have been in the last year and a half or so, has led to a record number of “short-sales”.
A short-sale is something that was [...]
By Dennis Norman, on June 24th, 2009 Dennis Norman
By: Dennis Norman
This morning the U.S. Department of Commerce released a report showing the sale of New Homes in May were at a seasonally adjusted annual rate of 342,000. this represents a 0.6% drop from Aprils rate of 344,000 and is almost 33% down from a year ago.
Three of the four [...]
By Dennis Norman, on June 23rd, 2009 Dennis Norman
By: Dennis Norman
Florida is definitely a state that has felt the impact of the declining real estate market. It has been one of of the top four states in number of foreclosures, biggest declines in values and a few other statistics a state would just as soon not be associated with.
[...]
By Dennis Norman, on June 4th, 2009 Dennis Norman
By: Dennis Norman
According to a report issued by IHS Global Insight, house prices in the first quarter of 2009 declined in 199 of the 330 metro markets they monitor. At just over 60% of the metros this represents a huge decrease from 4th quarter 2008 when 312, or almost 95% of the metros, showed [...]
By Dennis Norman, on June 2nd, 2009 By: Dennis Norman
Lawrence Yun, Chief Economist, NAR
Today the National Association of REALTORS(R) issued their Pending Home Sales Index Report for April which showed a significant increase of 6.7% on the index, over March. April makes the third month in a row the index has increased.
Lawrence Yun, NAR chief economist, said “buyers [...]
By Dennis Norman, on May 15th, 2009 Dennis Norman
By: Dennis Norman
This is my final post of a series about Florida real estate and the second part of my interview with Bob Radigan with VIP Realty Group in the Sanibel/Captiva area.
For part one of this series click here, part two click here and part three click here.
Following is the continuation [...]
By Dennis Norman, on May 14th, 2009 Dennis Norman
By: Dennis Norman
This is my third post of a series about Florida real estate and the second part of my interview with Bob Radigan with VIP Realty Group in the Sanibel/Captiva area.
For part one of this series click here, for part two click here.
Following is the continuation of my [...]
By Dennis Norman, on May 13th, 2009 Dennis Norman
By: Dennis Norman
In my post yesterday I was talking about Florida and whether or not now is the time to consider buying there now. To answer this question I turned to Bob Radigan with VIP Realty Group.
Following is part one of my E-View TM with Bob:
Q- Bob, please share [...]
By Dennis Norman, on May 12th, 2009 Dennis Norman
By: Dennis Norman
I met the wonderful woman that was to be my wife in 1998 in St. Louis. Prior to moving back to St. Louis she had spent the prior decade living on the gulf coast of Florida and loved it but came back to St. Louis to be closer to [...]
By Dennis Norman, on April 24th, 2009 By: Dennis Norman:
This morning the U.S. Department of Commerce released a report showing the sale of New Homes in March decreased 0.6 percent from February and is 30.6% less than a year ago.
A decline of less than 1%, following last February’s increase of 4.7% in sales I think again shows the market is perhaps [...]
By Dennis Norman, on April 22nd, 2009
RealtyTrac(R) released it’s Metropolitan Foreclosure Market Report for the first quarter of 2009 showing nationwide foreclosures are up 23.63% from the first quarter of 2008. [...]
By Dennis Norman, on April 2nd, 2009 By: Dennis Norman
Yesterday the National Association of REALTORS(R) issued their Pending Home Sales Index report for February which showed, for the U.S., a 2.1% increase over January.
Lawrence Yun, NAR chief economist, said “Pending home sales have a way to go for there to be a meaningful increase, but recent increases in shopping activity [...]
By Dennis Norman, on March 25th, 2009 By: Dennis Norman
I am going to be cautiously optimistic about the housing data I’ve been seeing and say that if the trends continue maybe, just maybe, we are near the bottom.
I’m saying this because of the increase in existing home sales report that I wrote about yesterday and the report released this morning [...]
By Dennis Norman, on March 18th, 2009 By: Dennis Norman
Dennis Norman
How many times have you heard something like this from an agent or seller trying to convince you how good a deal is?
I find it funny how often people will base their definition of a “good deal” on the relationship of the price you can buy it for [...]
By Dennis Norman, on January 29th, 2009 By: Dennis Norman
In the first post and second post of this series I gave a little background on Marc Mink, the person responding to my E-View TM and sharing his knowledge and wisdom. As promised, I will give some more background on Marc and then continue with part two of the E-View TM .
Over the years [...]
By Dennis Norman, on January 28th, 2009 By: Dennis Norman
In the first post of this series I gave you a little background on Marc Mink, the person responding to my E-View TM and sharing his knowledge and wisdom. As promised, I will give some more background on Marc and then continue with part two of the E-View TM .
Marc started in the antique and [...]
By Dennis Norman, on January 26th, 2009
By: Dennis Norman
Real estate investors are facing quite a dilemma in this market. On the one hand prices are down, inventory of “deals” are plentiful; on the other hand financing is tight, the resale market is weak and many banks don’t even want to finance rental properties right now. So what’s an investor [...]
By Dennis Norman, on January 18th, 2009 By: Dennis Norman
According to the National Association of REALTORS(R) if a tax credit is made available to all home buyers and that credit need not be repaid then this could result in an additional 555,000 home sales.
This echos my post of two days ago titled “Fix Housing First” with regard to the importance [...]
By Dennis Norman, on January 14th, 2009 By: Dennis Norman
Dennis Norman
Robert Stevenson, a Fox-Pitt Keltonhome-builder analyst says 2009 is a “bad time to buy a home”. Stevenson said he thinks this year will turn out to be a “bad time to buy a home”. “While some suggest that now is a great time to buy a home given low mortgage rates [...]
By Dennis Norman, on December 27th, 2008 By: Dennis Norman
Let me just start by saying “yeah, sure” in reply to my headline. I copied the headline of this post from several websites I found advertising that you could buy government homes for “pennies on the dollar”, at “cheap” prices, “HUGE discounts” and so forth. Many of these sites charge you to [...]
|
|
