U.S. Treasury Secretary Henry Paulson predicted Tuesday that U.S. housing prices would stabilize by year’s end and overall economic growth would improve by then. In an interview on Mexican television, Paulson said the global economy was being strained by costly energy, but that overall the U.S. economic fundamentals are strong. “I feel moderately optimistic that at the end of the year we will have signs of an economic recovery,” Paulson said. “Hopefully the biggest part of the housing decline will be over by the end of the year.” Source: Reuters […]

I love the first line of this article “Meet the latest desperate home seller: the bank…â€? Isn’t that what we’re after – desperate and motivated sellers? All investors that are active in chasing after deals should be consistently getting lists of bank-owned properties. The easiest place to get these listings is from real estate agents. They can get them straight off the MLS, so make sure your agents know you have an interest in looking at these properties. (Money Magazine) — Meet the latest desperate home seller: the bank. According […]

Don’t let negative articles like this frustrate you. Is it really that big of deal that rates on 30-year fixed rate mortgage surged a tenth of a percentage point? No. It doesn’t affect you or your business at all. There is so much negativity in the market and it tends to wear on investors and put doubts in their minds if they should even be looking into real estate right now at all. It is always important to understand what the report is actually saying and determine if it affects […]