Sep
23
MANHATTAN WON’T AVOID PROPERTY CRUNCH
Manhattan has had a reasonably healthy housing market through the national housing crunch but now it appears that some of the more recent turmoil in the economy is having an affect on the housing markets there. This could affect values for both single family and multi family housing in Manhattan. MANHATTAN WON’T AVOID PROPERTY CRUNCH Wall Street Journal – September 22, 2008 – by Liam Denning When it comes to property prices, that strip of rock just south of the Bronx is often perceived as invincible. Across the U.S., house […]
Sep
23
RENTAL CHARACTERISTICS OF ECHO BOOMERS
This report from the Multi Family World 2008 Conference describes some of the characteristics that apartment owners should be aware of in renting to echo boomers. Audience Urged to Recognize the Characteristics of the Echo Boomers Published: September 22, 2008 in “Multi-Housing Newsâ€? By Keat Foong, Executive Editor Denver–Panelists speaking at a session at Multi Housing World 2008 Conference and Exhibition encouraged the audience to recognize the characteristics of the children of the Baby Boomers and target their marketing appropriately. The title of the session was “Reader’s Choice: Apartments Benefit […]
Sep
19
Short Sale Twist
A large part of chasing short sales is educating the homeowners and serving as a type of consultant helping them understand the process. Many homeowners in default have never heard of a short sale and will rely on you to walk them through the process. Below is an interesting twist to the short sale process. This doesn’t mean all lenders are taking this approach but it is something you need to consider when dealing with homeowners and lenders. Find out if the homeowner is willing to do the deal even […]
Sep
18
Rent-to-Own
The credit markets are a mess, banks are failing, lending institutions are further tightening lending requirements and it is becoming quite difficult to get loans for investments. Sounds bad doesn’t it? Don’t let this get you down; even when the credit market is good investors should be looking for creative and alternate ways of funding investments. Even if you can get a bank loan for an investment doesn’t mean that is the best route to take. One such alternate and creative way of buying a home is on a rent-to-own […]