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Posts Tagged ‘Real Estate’

Longest economic expansion in more than 150 years!

Saturday, July 4th, 2015

According to Allen Sinai, Decision Economics, the current economic expansion in U.S. may exceed the 10-year expansion of 1990s. If that is true (of course… no one would predict what would happen next month, especially given current Greek situation), this is not a bad time to buy a house or start a business. Below charts from Business Week article are giving lot of hope.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Source: Business Week

Social Networking to find Real Estate Success

Tuesday, February 10th, 2009

Is it possible to network with other real estate investors without paying lot of money to Robert Allen kind of guys? I read good reviews about biggerpockets.com. This website has forums that are reasonably active. If you have questions about buying your first house or renting out your old houses or anything to do with real estate, check this out.  I believe that sites like this would be more useful for real estate investors rather than generic social networking sites like facebook or myspace.

If you are interested in real estate investing, check out the site. Investors only, not for speculators!

Related Link: Is it the right time to buy house?

Bay Area Homes for Less Than $100,000

Wednesday, December 10th, 2008

It’s happening. Any home buyer in bay area knows that sub-prime crisis didn’t affect the home prices in the bay area much. The price came down a little bit, that’s about it. Now, it seems that price is dropping fast.

San Francisco Chronicle reports that some bay area homes are listed for less than $100,000. These homes don’t have live-in condition; most of them are fixer-uppers. Still, $95,000 is a good deal for 2 bedroom house. It’s common that owners/residents vandalize the house when it’s foreclosed. That’s why most of these houses are literally ripped off and might cost you significant amount to fix the house.

If you are going to buy the fixer-upper, just make sure that you understand the total costs involved in making the home livable. This calculation will help you to make a wise decision.

If this trend continues, we may see more low-priced properties in the bay area and other parts of the country.

Worst is yet to come… for Real Estate

Thursday, November 6th, 2008

American financial crisis is now global. Property market in U.S. will take some more time to see the light. Commercial property markets are taking more hit. Office vacancies are rising across the country. Though sale prices and the number of properties sold have plummeted with the deteriorating credit markets, as they have nationwide, the metro commercial-sales market was still one of the most liquid in the U.S.

Companies are cutting costs wherever possible. Entire development team is laid off in a Seattle company few days ago. Some companies are terminating the leases of big offices and moving to smaller offices. Startups are moving back to the garage. It’s estimated that 10 million square feet of office space will be back on the market and office rents could decline by as much as 25% in the next 12 months.

Many real estate analysts expect jump in foreclosures of commercial properties in the next 3 months. It looks like that low interest rate environment is not helping much when there is so much fear.

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