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Are there too many rental properties in the market?

Dennis Norman

By: Dennis Norman

Since the real estate downturn reared it’s ugly head many builders, developers and speculators  have turned their “for sale” inventory into rentals.  At the same time many frustrated homeowners have rented their homes out after not being able to sell them after buying another home.

As this happened I wondered if all that was being done [...]

New Home Sales Level Off in February

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 leveling off.  [...]

Could we be approaching the bottom of the market?

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 the [...]

More on AgoraSeto’s Home Auctions

By: Dennis Norman

A couple of days ago I wrote a post about a company called Agoraseto, LLC that is trying a unique approach to selling homes they own as well as providing financing for their buyers.

To find out more about this innovative approach to selling homes I conducted an E-View TM  with Peter Atsiknoudas from [...]

New home sales & prices fall: Opportunity for the investor?

By: Dennis Norman

This morning the U.S. Department of Commerce released a report showing the sale of New Homes in January was down 10.2% from December and down over 48% from a year ago.

Prices on new homes continue to drop as well.  The median price for January was $201,100, down 2.6% from Decembers

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Why are Kansas City rentals hot?? Part 3 of a 3 part interview/story

By: Dennis Norman

This is the final part of my 3 part interview with David Simmons, a Kansas City investor specializing in putting together turn-key rentals for investors.  If you missed part 1 click here , for part 2 click here.

David, what is the “exit strategy” for the investor?  There are several exit strategies the investor can look [...]

Why are Kansas City rentals hot?? Part 2 of a 3 part interview/story

By: Dennis Norman

This is part 2 of my 3 part interview with David Simmons, a Kansas City investor specializing in putting together turn-key rentals for investors.  If you missed part 1 click here to read.

David, why do you think Kansas City is a good rental market?  Kansas City has moderately priced homes which, coupled with [...]

Why are Kansas City rentals hot?? Part 1 of a 3 part interview/story

By: Dennis Norman

Kansas City, the city of Fountains has become a popular city for investors in search of good returns on single family rental property.  Investors from the west coast as well as others are showing a lot of interest in this market.  Even though I love the city of Kansas City, particularly the Country Club [...]

How to buy a HUD home

What is a HUD Home? 
A HUD home is a 1 to 4 unit residential property acquired by HUD as a result of a foreclosure on an FHA-insured mortgage. HUD becomes the property owner and offers it for sale to recover the loss on the foreclosure claim.

Who can buy a HUD Home?
Almost anyone! If you [...]