It seems every time we turn on the TV or read the news we are being bombarded with real estate news, information and statistics. Many times the headlines are misleading and give us a false sense of what is really happening in the real estate market. It is important to first understand exactly what the article means before drawing any conclusions. The following is an example headline I’d like to look at closely: “Real Estate Sales Down 20%â€? What does this mean? What sales are down 20%? New home construction […]
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MORTGAGE MARKET MELTDOWN UPDATE
February 19, 2008 in General R.E.
February 18, 2008 The Place We Never Suspected the Credit Crisis to Spread Posted by Erin Brereton on July 15, 2007 When homeowner-related credit issues began, they involved subprime borrowers–people with less than perfect credit–prompting criticism when the government stepped in with its Hope Now program to help those homeowners avoid foreclosure. Some asked, why should we help homebuyers who over extended themselves? Isn’t that their problem? Well, according to a recent New York Times article, it’s now everybody’s problem. Decreased home prices and stricter lending standards have pushed some […]
ON THE RISE…. WOMEN INVESTORS
November 10, 2007 in General R.E., RESIDENTIAL R.E.
(WOMEN) Investor’s on the rise That’s right Female investor’s numbers are on the rise! In fact the amount of Single Women are buying homes at twice the rate as single men. They have more disposable income then single men and are becoming more and more savvy to business in general and to investing to be specific. Since 1993 Percentage of Women purchasing investment properties stayed steady on a yearly basis at around 16% . This last year it jumped to 22%, the largest gain since we started keeping […]
IRS STEPS UP SCRUTINY
October 12, 2007 in COMMERCIAL R.E., General R.E.
This article appeared on October 11, 2007 in the Wall Street Journal’s “RealEstateJournal.com”. It gives the investor some insight into the IRS practices in scrutinizing 1031 exchanges and their possible renewed effort to pay more attention to whether investors are reporting like kind exchanges correctly. Investors would be wise to consult whatever tax professionals they require to make sure that their exchanges adhere to the rules for like kind properties and also to employ a well qualified intermediary or accomodator to handle the funds and provide advice about the time […]