Real Estate: The Going Gets Tougher. Interest rates are rising and markets across the U.S. that have seen phenomonal growth are slowing or declining. What's an investor to do? Click here to read more.
Investment property deals hard to come by. Being aware of how much an investment in real property will cost is more important than ever. With prices at record highs, investing is more of a risk and less of the sure bet it has been in the last couple of years. It's harder to find an investment property that will allow the buyer to charge enough rent to cover the mortgage or even fix it up to sell it for a profit. People who bought before the run-up on housing prices had more options and room for profit. Click here to read more.
Appraising the market: Real estate cool-down has many shifting gears. Real-estate brokers and agents said that high prices and rising interest rates cooled the hot market and also pushed real-estate investors into putting their properties for sale when they concluded that the equity escalation had topped out. The number of homes for sale jumped by several hundred per month since May 2005, putting downward pressure on home prices as buyers had more to look at and more time to consider making an offer. Click here to read more.
Something in housing market's got to give. We're seeing price reductions all over the place. Only about 10 percent of homes are selling quickly and to get the house sold it has to be really, really special or it has to be one of the best-priced houses in the neighborhood. Click here to read more.
Freddie Mac chief sees softer prices pinch spending. Housing prices, which had started to cool when interest rates began to climb, slowed further during the first three months of 2006, the National Association of Realtors reported last week. As homeowners who had felt rich when housing prices climbed by double-digit rates in the last years watch these trends, they will likely adjust their spending accordingly. Traditionally even small slowdowns in the housing market can have an impact on the overall economy by weighing on construction jobs, banking jobs and real estate jobs, and by affecting large employers like Home Depot and other firms whose fortunes rise and fall with home purchases. During the real estate boom, many people bought second homes as investment properties but now those homeowners may want to look elsewhere to earn better returns. Click here to read more.
~Tina Jan~
Coldwell Banker Kivett-Teeters
1655 E. Sixth St.
Beaumont, CA 92223
Work: 951-845-5520 Ext. 105
Fax: 951-845-4916
Cell: 909-446-2666
Toll-Free: 1-877-TINAJAN
tina.jan@coldwellbanker.com
www.tinajan.com
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