|Real Estate Information|
Bubble, Bubble, Toil and Trouble?
We are selling our house. We have lived here for 15 years, the longest I have ever lived anywhere; of the places since I left my parents' home I think my previous best was three years. There is a certain comfort to residential stability. I expect I will be filling out change of address forms from when we move through the end of my useful life.
Coincidentally, there were two articles that I have come across since putting up our "For Sale" sign a week ago that address the housing "bubble."
Slate.tk's Daniel Gross writes about "Bubble Over Troubled Waters: Why the real estate bubble could be good news for the economy." He refers to "what many are already calling the successor bubble to the dot-com fiasco: the U.S. housing market."
On the positive side, Northern Trust economist Asha Bangalore notes that "the performance of the housing market has played a visible role in payroll growth." Gross adds that "Spending on housing flows into a remarkably wide range of sectors-and the overwhelming majority of the spending is local."
So are these people out of their jobs when the bubble bursts? Gross suggests that it is "possible that housing was the bridge that helped us get over the post-bust job chasm."
In a Greg Thomas article entitled "Up, Up, and Away" in today's New Orleans Times-Picayune (TP), the subtitle reads "N.O.-area home prices keep soaring, leaving some to wonder if a market tumble is on the horizon."
Greg reports that "Sales prices of single-family homes in the metro area continued their skyward trajectory during the first six months of the year, climbing 11 percent compared with the same period in 2004. Some experts say it could be the highest jump in local home prices in at least 50 years."
So I am buying and selling in the bubble. The TP shows that where we are selling, prices are up 34% over last year, while where we are buying they are only up 10%. Could I have timed this transaction just right?
By the way, while this is not meant to be an ad, if you are looking for the nicest house in New Orleans East then check us out at house.jbv.tk.
I will keep you posted on our adventures as amateur real estate agents. Let me know what is happening in your area.
John B. Vinturella, Ph.D. has almost 40 years experience as a management and strategic consultant, entrepreneur, author, and college professor. For 20 of those years, Dr. Vinturella was owner/president of a distribution company that he founded. He is a principal in business opportunity sites jbv.tk and muddledconcept.tk, and maintains business and political blogs.
Buying an Unfinished Home Maybe Your Answer
For the first time "want-to-be" homeowner, purchasing an unfinished new home maybe just the answer. With mortgage interest rates still at record lows, there has not been a better time to purchase a home in decades.
How to Buy a Home When Your in Your Twenties
A Single's Game of Real Estate (Getting started in your twenties)Due to the fact that most of us grow up in either a rented apartment or our parent's single family home, it stands to reason that most people, when beginning to ask themselves the question of purchasing their own dwelling, will come to the conclusion that a condo or small house is probably the way to go. That's a result of conditioning and it's a hard mindset to break! After taking the time to talk to or personally guide a respectable number of people in their twenties, I have come to find that firm, direct and accurate information can really adjust the reality of how real estate can be acquired and used to their best advantage starting with property that sets the tone for a much more profitable and rewarding future.
Building Your Dream Home - Part 1
For most of my adult life I had thought about someday building my Dream Home. Several years ago I finally got the chance.
Do Bankers, Bubble, Discounters, & Justice Department Cloud Real Estate Industry?
Once relegated to the classified advertising section of the local paper, real estate has jumped to front-page headlines and covers of national magazines. Leaders in the real estate industry are weary from interview requests for their perspectives on market conditions, the ongoing battle with the banking industry looking for entry into residential real estate brokerage, online brokerage commission discounters and investigations into their business practices from the U.
The Person With The Most Money Wins!
More money can mean better:- Health Care - Relaxing Vacations and Adventures - Education for your children or yourself - Better home than you have nowBest of all it can reduce stress from not having to worry about money!Many of us have problems in life that additional cash will help solve the situation. Did you know that 80% of problems in life could be simply resolved with additional cash.
For Sale By Owner - Use This Tip To Sell Your Home Quicker and At a Better Price
Your house is for sale by owner (fsbo), Along with columns of countless other FSBO's in the Sunday paper. This one little trick will enable you to have your Ad Noticed by more potential buyers.
Real Estate Investing - FSBOs vs. Agent Listings?
Many would-be real estate investing professionals face discouragement because of the assumption that acquisitions require deep-pockets. Some even believe the myth that nothing-down purchases are impossible.
Invest In Real Estate - But Where?
Where should you invest in real estate? If you know an area well, and have enough experience investing in real estate, you can make money almost anywhere. However, there are always places that are better or worse for real estate investments - places that have a better demand/supply ratio.
Real Estate Investing - So You Want to be a Landlord!
Is landlording the way to go if you are starting into real estate investing today?Receiving cash flow from rental residuals is an exciting idea. If the rental housing is congregated in large apartments within a focused area, the costs of management and maintenance are more economical.
Are Condo Hotels What the Orlando Real Estate Investor Has Been Looking For?
Earlier this year the Hawthorn suites in Lake Buena Vista quietly sold out all of their units in less than a month. These 540 sq.
Negative Gearing - It's Not to Your Benefit!
The concept of negative gearing has been originally developed to encourage real estate investment in Australia by allowing any income losses from property investment to be deductible from other income as a tax benefit. This means that the taxable income of the owner will be reduced after the deduction and therefore the total tax payable is also reduced.
Sellers, Are You Having A Hard Time Selling Your Home?
Sue and Chuck DeFiore have the perfect solution for you - Lease Purchasing your home!What is Lease Purchasing?A Lease Purchase is a process that combines a basic rental lease with an agreement to purchase, or with an option to purchase the property. The Buyer (or Lease-Purchaser) pays to the seller a monthly payment that usually approximates a rental amount or a typical mortgage payment on the home.
Grab Quick Profits As Real Estate Prices Soar
Real estate values rise and fall in cycles. Currently home prices are nearing a top in many areas.
FSBO - How to Prepare Your House to Sell
Did you hear that? Prices of houses in Phoenix have been jumping 5% each month for 2005 according to market experts! Some even predict that the price of housing could jump an additional 10% for the upcoming year. The shortage of houses for sales and the still relatively low interest prices are causing the price of homes not just here in Phoenix but nationwide to escalate.
Fixing Houses: Mixing Your Own Paint for Savings and Harmony
To make the maximum profit on your investment properties, you'll need to save money wherever you can. One way to save significant amounts of money is to mix your own paint.
Property Investment: Spoiled for Choice in Europes Emerging Markets
You could be forgiven for thinking that property is the new dot.tk.
Buying Rental Property - Avoid Sellers Tricks
Be careful when buying rental property. We stayed at a motel for a week one winter.
Home Buying Checklist - Windows
If you are in the market to purchase a home, it can be easy to fall in love at first sight. Do so at your own risk.
Expense List for Buying a Home
There are many expenses that come with buying a home. The following list is a good example of what to expect:Down payment - A minimum of 20% of the home's purchase price is usually required for the best loan terms and to avoid paying private mortgage insurance (see below), but it's entirely possible to buy a house with a smaller down payment.
What is a Predatory Lender?
Several months ago, the 3,000-member California Association of Mortgage Brokers (CAMB) created the first real definition to describe the abusive lending practices of predatory lenders. According to the CAMB, predatory lending was described as "placing consumers in loan products with significantly worse terms and/or higher costs than loans offered to similarly qualified consumers in the region for the primary purpose of enriching the originator and with little or no regard for the costs to the consumer.
|home | site map|