By Don | October 28, 2008
Our October newsletter explains our opinions and rationale for buyers (great deals), sellers (don’t) and investors (cautious). Check it out!
By Don | October 27, 2008
Intense debate rages over the real estate crisis. At a real estate conference Leslie and I attended last week in Florida, one economist stated we wouldn’t see a turn around until 2012. Others say next year. Everyone has an opinion.
So – how’s a potential home buyer supposed to decide when to buy? Is this a good time or foolish time? Here’s my take, and it all revolves around Washington and politics. Read the rest of this article »
By Leslie | October 21, 2008
Two weeks ago Don attended the Tenant in Common Association (TICA) 3 day conference in Las Vegas. This conference was focused on the TIC industry, which is generally comprised of investors who do IRS tax deferred 1031 exchanges into large, institutional grade commercial properties. General forum sessions consisted of economists attempting to read the “tea leaves” of our economy, credit crunch issues, volatility in the financial markets, and the like. Read the rest of this article »
By Don | October 10, 2008
I got back from a 3 day conference (Tenant in Common Association) in Las Vegas this week and everything seemed to revolve around the 900 pound gorilla in the room – Wall Street’s meltdown. Read the rest of this article »
By Don | October 10, 2008
With many mortgages tied to the LIBOR (London Interbank Offered Rate) index, many of those payments will be going up. There are different indexes (ie, one month, 3 month, 6 month, etc), but the current one month LIBOR is at about 4.5% compared to just a bit over 4% one week ago.
What impact will all these re-sets have for the marketplace and foreclosures? Too early to tell, especially now that the Treasury has been tasked with buying back these “toxic” loans, and lenders will be under heavy political pressure from Washington to modify those loans into payments the homeowner can afford and sustain for the long haul.