Red Hot Sparks, Nevada Real Estate

4 Bedrooms / 3 Bathrooms / 2,700 sq. @ $565,000

That's $209 / sq. ft.

Red Hot Sparks, Nevada Real Estate

posted by author @ 7:18 PM, , links to this post

Bush picks Bernanke

Message to Bernanke. Don't do anything stupid. Just lay back and be cool - I've got a couple of mortgages riding on this.

Bernanke


Bush picked him so we're probably doomed.
CNN Money

posted by author @ 7:24 PM, , links to this post

Real Estate Bubble Example #1

Tom Barrack, arguably the world's greatest real estate investor, is methodically selling off his U.S. real estate holdings as prices drive the market to nosebleed levels.

"I feel totally safe playing polo on a field full of pros," says the bronzed 58-year old. "But when amateurs are all over the field, someone can get killed. They have more guts than brains. They charge after every ball and don't know when to hold back."
CNN Money

posted by author @ 4:06 PM, , links to this post

Reno Real Estate Bubble

Better jump on this one! Riiiiiiiiight. I really don't know what's going on with Reno Real Estate, but it's not good and I think houses like this will take a beating. It's the single family residences (3 bed / 2 bath) who are going to make out in the end. We'll see...

Lowest Priced Home in Arrowcreek Golf Community by over 40K.

4 Bedrooms / 3 Bathrooms / 3 Car / 2,400 Sq. @ $674,500

Reno Housing Boom

posted by author @ 10:33 PM, , links to this post

FYI - Mortgage Rates = 6%<

posted by author @ 5:11 PM, , links to this post

Interest Rate Trends

Here's a great site with Mortgage Rate trends.

posted by author @ 8:46 AM, , links to this post

Getting a divorce? Keep the house!

Find out how to dump the EX and keep the house.

Yahoo Finance

posted by author @ 9:29 PM, , links to this post

Brooklyn's Bedford-Stuyvesant Real Estate Boom


The National Real Estate Boom is having a ripple effect on poorer areas. Yes, the getto is booming.

Listen @ NPR

posted by author @ 6:56 PM, , links to this post

Hot Housing Market Crosses the Border

Hot property down there in mexico. Check out the views. Check out the clown in the Hawaiian shirt!

"Chris Snell, a Realtor in Baja who recently sold his own 3,200-square-foot home there for more than $3 million, says there isn’t a bubble in the area because most buyers pay cash."


Housing Boom - Hot Property in Mexico.  Check out my shirt!

posted by author @ 8:28 PM, , links to this post

Greenspan Concerned About Risky Mortgages

"The average home price soared by 13.43 percent during the 12 months ending June, the biggest gain in more than a quarter-century, according to the Office of Federal Housing Enterprise Oversight.

Nevada had the biggest increase, 28.13 percent, followed by Arizona, 27.82; Hawaii, 25.92; California, 25.16; and Florida, 24.45.

Greenspan has warned homeowners, lenders and investors that they should not count on similar increases. "History has not dealt kindly" with that kind of optimism, he said in August.

When the housing boom simmers down, prices will not rise nearly as much and could fall in some markets, he said."
Yahoo News

posted by author @ 4:12 PM, , links to this post

Flipping Real Estate?

Consider the tax consequences - Here's a good article @ Bankrate
"There is a huge misconception on the part of some people who think they can buy a residential home, not necessarily their personal residence, fix it up and then sell it; and then get what we used to call 'the old rollover provisions,' where you used the money you made to buy another piece of property for more than what you sold,"

posted by author @ 6:45 PM, , links to this post

Trying to buy a home with horrible credit?

Listen at NPR

posted by author @ 4:02 PM, , links to this post

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About me

    Is there a Housing Bubble? Is Real Estate still a safe investment?
    I don't have these answers, but I do have a whole lot of evidence that realtors are resorting to 'unusual' tactics to drum up business.

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