Despite the difficulty in market forecasting, many who have examined the residential real estate market point to continued declines through 2009 and beyond. The most likely scenario has resale residential real estate markets bottoming in 2011 at prices 30% off the peak nationally. All methods of predicting future price action rely on the same basic [...]
Entries from December 2008
House Prices Fall – How Low Will They Go?
Dec. 30th, 2008
Flip That House – Houses Were Traded Like Commodities
Dec. 29th, 2008
Commodities are items of value and uniform quality produced in large quantities and sold in an open market. Although every residential real estate property is unique, these properties became uniformly desired by investors because all real estate prices rose during the housing bubble. The commoditization of real estate and the active, open-market trading it inspires [...]
Fundamental House Value, What Are Houses Really Worth?
Dec. 29th, 2008
The fundamental value of all housing prices is equivalent rents. Rents define the fundamental value of real estate because rental is a direct proxy for ownership; both rental and ownership provide for possession of property. Most people believe comparable sales define the value of real estate. In reality, comparable sales measure the collective foolishness of [...]
San Francisco California: Neighborhood Guide for Home Buyers
Dec. 29th, 2008
San Francisco is one of the most interesting cities in the world. With its laid-back sophistication and broad-minded elegance, it is no wonder that real estate in San Francisco is highly sought after. It is a competitive real estate market, with homes tending to sell fairly quickly, and often over asking price; but with due [...]
Subprime Loans – Playing Against the House
Dec. 29th, 2008
A decade ago subprime mortgages were an alternative for borrowers who did not fit standard guidelines. Maybe they just started a new business or had some past credit problems. These borrowers paid a high interest rate or put more money down to compensate the lender for making a risky loan. Private investors who would accept [...]
Marin County California Real Estate Profiles – Mill Valley
Dec. 29th, 2008
Mill Valley California has a certain cachet. Over the years it has been home to the rich, the famous, and the infamous. In the ’60s the hippies loved it and, in recent years, the hip love it. Laid back, but sophisticated with a modern edge, Mill Valley remains a hot spot in the real estate [...]
Top 7 New Home Trends
Dec. 28th, 2008
New homes are the top tier when it comes to home buying because they afford you the option to customize your home to your liking with upgrades and you get to be the first owner of the home. As the real estate market continues on its path to recovery there are many home builders who [...]
The Story Behind Kansas City Real Estate
Dec. 28th, 2008
When purchasing real estate in the Kansas City area, a real estate agent should be your first stop to finding out about the availability of real estate for sale in the area. Information is available about neighboring cities, neighborhoods, and suburbs, as well as relocation services and detailed help about buying a home in the [...]
Ins and Outs of Commercial Real Estate
Dec. 28th, 2008
You’re looking to find commercial real estate and don’t know where to begin, start by doing research in your state or area to find the best deals and properties for what you need. Probably the best place to start your research is from the comfort of your home on the world-wide web. If searching for [...]
Real Estate Tips for Buying Your Home
Dec. 27th, 2008
Are you looking to put down roots with your own piece of real estate? Maybe you’ve gotten married, had a baby, been promoted or got a raise- somehow your situation has changed and you know it’s time to stop renting. Whatever the reason, you have decided its time to buy a home of your own. [...]