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By: Dennis Norman Dennis Norman I think of myself as a pretty clever and creative guy. Having been a real estate investor since 1979 I have had to deal with tough market conditions on several occasions…including 18% mortgage rates back in 1981. During those periods of tough market conditions I worked to come up with some clever ways to [...] By: Dennis Norman The National Association of REALTORS(R) has been reporting tracking a “Housing Affordability Index” since January 1989. The index looks at whether or not an average family (an income equal to the median income) can qualify for a loan to buy a median-priced home. The Housing Affordabiity Index for January was at the highest level [...] By: Dennis Norman In parts 1 and 2 of this series I gave my history of buying property and where I found the “good deals” at as well as how the times and technology, most notably the internet, have changed things. We now find ourselves in a time when information about foreclosures, property sales, homes for [...] By: Dennis Norman For the past year the media has been flooded with reports and stories of how bad the real estate market is. Falling prices, an oversupply of homes for sale, a meltdown of the mortgage industry and now the banks are even in trouble! So what’s the silver lining? Perhaps it is the opportunity to [...] |
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