All Entries in the "Real Estate" Category
Real Estate Market Creates Flippers in Trouble
I remember stumbling upon a website a year or so ago called Condo Flip . com. The company had created an online marketplace for people to buy and sell condos at the click on a mouse. It was/is the Match . Com for condo buyers and sellers. Maybe I am old school, but I would at least like a walk-through [...]
John T. Reed’s Views of Various Real Estate Investment Gurus
You wake up in the middle of the night – unable to fall back to sleep, so you start flipping through the channels. Undoubtedly, you will come across a station – where a nicely dressed person in an exotic location is telling how rich he or she became selling real estate. Then you hear testimony [...]
Can the Economy Survive the Housing Bust?
Here is a scary chart to consider. It plots the National Association of Home Builders’ Housing Market index – a monthly measure of builder confidence – against the Standard & Poor’s 500 stock market index, with a one-year lag. There has been a very close correlation between current builder confidence and future stock returns over [...]
Housing Market Stabilizing – NOT!
Luxury home builder Toll Brothers announced today that their earnings fell 44% in the past quarter. In an effort to have Wall Street to look past the earnings and into the future, Robert Toll, CEO, provided hope that the market may be stabilizing. Toll stated that, “Fifteen months into the current slowdown, we may be seeing a [...]
Risks in Real Estate Investing to Fund College
Here is some solid advice from Jeff Brown of Philly . com on the pros and cons of saving for college by buying and renting a condo versus investing a decent mutual fund. Before making the comparison, he offers some solid Real Estate investing advice: I know people who have invested successfully in real estate. They [...]
Housing Slowdown Making it Hard for Empty Nesters
Parents whose children have grown up and are no longer living at home, often referred to as empty nesters, are not a very happy bunch these days. Many are finding that their next phase of life is being held hostage by a giant albatross. With the kids gone, their lifestyle is more suited for a luxury condo [...]
Housing Free Fall Turning into Meltdown
Another person refusing to smoke the good stuff making its way around Wall Street. More warning signs – this time from Nouriel Roubini. “For the last few weeks and months I have been writing dozens of detailed notes and blogs rebutting the utter nonsense that has been spewed – based on little or no data [...]
Impact of the Current Glut in Homes
Here is a quote from Peter Schiff’s latest commentary. “Furthermore, more so than during any other period of American history, consumer spending is now largely dependent home equity extractions and temporarily low mortgage payments. As a result, predictions as to how the real estate slowdown will impact the economy should be made by comparisons to the [...]
Desperate Realtors… Desperate Retailers… Desperate Housewives…
Can you believe that the Real Estate industry is so desperate that it is spending $40 million on an advertising campaign to convince the public that “It is a Great Time to Buy or Sell a Home?” Desperate times cause desperate measures to be taken. However, that is just ridiculous! Have we gotten to the point where marketeers [...]
Confessions of the Home Builders
The following are headlines from yesterday. Homebuilders Try to Avoid Cancellations Toll CEO says Speculators Walking Away from Contracts Beazer Tried to Close Homes to Avoid Future Cancellations Pulte CEO says Scaling Back in Response to Tougher Market Home-Improvement 3Q Earnings Seen Down Two days ago it was: S&P cuts Target Price on Hovanian Bad [...]
