Owner: Property Qwest Blog URL:http://www.propertyqwest.com/blog/real-estate-investing.aspx Join Date: Sun, 12 Oct 2008 19:38:44 -0500 Rating:0 Site Description: Blogging discussing current economic news, its impact on real estate markets, and their boom / bust cycles. Real estate perspective from actual real estate investors. Site statistics:Click here
Look Out! It's Friday, Global Markets Are Tanking, Where's The U.S. Headed? 2008-10-10 06:38:00 U.S. stock futures are off considerably, global markets are tanking, and it's Friday
. None of this bodes well for the opening of the US markets. Brace yourself, it looks like the markets will be rockin' and rollin' today."European markets got off to a terrible start. Within the first 10 minutes of trading, London's FTSE, the CAC in Paris and the XETRA DAX in Frankfurt, Germany, had all sloughed Read more:Global
, Markets
The Sky's Falling! 2008-10-09 22:24:00 Just when you think it can't get any worse. Just when you think the government throwing more money at it will fix the problem. Just when you think .... oh well, what's the point, we all know it's a disaster out there.Are you starting to wonder if anyone has a clue as to what's going on and what needs to be done to get this problem fixed?Our economy is deteriorating and doing so frighteningly fas
Pending Home Sales Rise Significantly 2008-10-09 07:38:00 According to the National Association of Realtors "Pending Home Sales
" report, pending home sales surged significantly for the month of August up 7.4% from July to August nationwide.The western region led the charge with a reported rise of 18.4%. The index for the western region is up 37.8% from a year ago. The southern region showed the smallest gains in the pending home sales index up merely 2
The Fed Cuts Rates: 1/2 Point! 2008-10-08 06:52:00 The Fed, in a globally concerted effort, cuts rates by 50 basis points. The target rate has now been lowered to 1.5%. The rate for the Fed's discount window was lowered 50 basis points as well bringing the rate to 1.75%.The move was done in coordination with central banks worldwide.For real estate investors using equity loans and equity lines to finance their real estate investments, your money Read more:Rates
The Fed, Global Markets, and The Impact On Real Estate - Should We Expect A Rate Cut Before The FOMC Meeting? 2008-10-07 23:53:00 Renewed rally cries for an intermeeting, globally concerted effort, rate cut by the Feds before their two day meeting at the end of the month (October 28th and 29th). Bernake signals a cut may be on the way.The drumbeat only got louder as the DOW dropped over 500 points in today's trading session. Today's loss pushed the DOW to a 5-year low. If the Fed does cut rates again, what does that mean f Read more:Estate
, Expect
, Global
, Markets
, Real Estate
The Fed Steps Into The Commercial Paper Market 2008-10-07 08:41:00 The Fed announced this morning, October 7, 2008, that they will enter the commercial paper market: "... Fed will purchase three-month unsecured and asset-backed commercial paper directly from eligible issuers"The Fed hopes this latest round of measures will help to liquidate the frozen business credit markets as many small businesses are increasingly feeling the pain of not being able to obtain bu Read more:Commercial
, Market
Real Estate, The Credit Crunch - There's No More Money! 2008-10-06 10:07:00 The frozen credit markets are now widely impacting many markets. As if we weren't already feeling the crunch, it looks like economic conditions will continue to deteriorate.You could say that real estate, your home, and many local housing markets are no strangers to these credit problems as real estate markets have been deteriorating in many locales for three plus years now. Businesses are now w Read more:Crunch
, Estate
, Money
, Real Estate
Will Real Estate Now Find A Bottom? 2008-10-05 16:09:00 In brief, here are a few points summarizing expert opinion regarding the government bailout bill and it's impact on real estate and the housing market:Housing markets should begin to find a bottom because the bailout bill will go towards building consumer confidence.Interest rates should remain low and relatively speaking stable.Foreclosures should begin to subside since it's believed that the gov Read more:Bottom
, Estate
The Bailout, Real Estate ... An Uncertain Future? 2008-10-03 22:12:00 Today the House agreed to the new bailout bill, 263 Democrats to 171 Republicans. The government tells us that the intent for this bill is to help liquidate a frozen credit market.The current credit markets are so tight that some business owners are now struggling to obtain financing for simply keeping their businesses afloat let alone business expansion.Ben Bernanke said "the legislation is a cr Read more:Estate
, Future
, Real Estate
, Uncertain
Real Estate Investing - Blog! 2008-10-02 23:17:00 Real estate investing and blog submissions! Blog Directory Top Stories Real Estate
Blogs Directory - Directory of real estate blogs and blogs of industries affiliated with and serving the real estate industry.Real Estate
WebmastersTechnorati ProfileUndergoing MyBlogLog Verification Read more:Investing
Ahwatukee, AZ - Home For Sale ... Now Pending! 2008-10-02 08:15:00 Our Ahwatukee, AZ home is now pending! We have had the home for sale (listed on the MLS) for roughly 12 days. The original contract came in roughly 8 days after the home had been listed.The "Buyers" have scheduled the home inspection for this Friday, 10/3/2008. Originally the "Buyers" were going to use FHA financing but we were able to work together with them to negotiate a deal for them to use
Ahwatukee, AZ Home For Sale! 2008-09-19 21:43:00 Our Ahwatukee house (rehab / flip project) is now complete and has been professionally staged ... Home for sale! The list price of our Ahwatukee home is $285,000.Click Here For The Virtual Tour!. You'll want to see the pool with this home too!
Phoenix, AZ ("Ahwatukee" Neighborhood) - Our Real Estate Project Begins! 2008-09-02 00:25:00 In the sought after "Ahwatukee" neighborhood, we will be starting our next rehab / flip real estate investment project in the Phoenix
, AZ metro area on Tuesday, 9/2/2008, once the purchase has been finalized:14863 S. 46Th St.Phoenix, AZ 85044This house has considerable trash and will take some cleaning ... updates to follow!Update September 9, 2008: The home is progressing. We have increased the Read more:Estate
, Neighborhood
, Project
Our Tempe, AZ Rehab Home Is Now Complete! 2008-08-31 21:10:00 Our Tempe, AZ real estate investment rehab / flip home was finished today, 8/31/2008:717 W. Manhatton Dr.Tempe, AZ 85282 This house has been staged and is ready to be listed on the market. We're currently reviewing market comps to determine the list price (most likely 250k) for this home.Please find links to pictures of the finished project below:Click Here To View The Pictures!Our thanks to Joyc Read more:Rehab
Phoenx, AZ - Real Estate Investment Home 2008-08-29 21:34:00 Today we purchased another residential real estate investment house in the Phoenix, AZ metro area. This home is in the sought after "Ahwatukee" neighborhood."Ahwatukee (formally "Ahwatukee Foothills Village") is an L-shaped neighborhood of Phoenix, Arizona bordered on the north by South Mountain Park and Baseline Road, on the east by Interstate 10 and the cities of Chandler, Guadalupe, and Tempe, Read more:Estate
, Real Estate
, Real Estate Investment
Nearing Completion - Tempe, AZ Investment Project (Update) 2008-08-28 13:46:00 Our Tempe, AZ real estate investment rehab / flip project is nearing completion. Construction clean-up will be taking place this evening, Thursday (8/28/2008). Upon completion, we will be listing the home for sale!On this rehab, we expanded the budget and the renovations to make this a higher-end remodel. As a result, we are having the home professionally staged to create a strong visual presen Read more:Completion
, Project
, Update
Tempe, AZ - Real Estate Investment Home 2008-08-28 09:40:00 We just purchased (8/14/2008) another real estate investment home in Tempe, AZ from the public Trustee auction:717 W. Manhatton Dr.Tempe, AZ 85282Before listing this Tempe, AZ home for sale, the house will require a light rehab (landscaping, interior painting, new bathroom counter tops, and updated fixtures) and is currently in the process of being rehabbed. The project, if it remains on schedul Read more:Estate
, Real Estate
, Real Estate Investment
Fed Holds Steady With Short Term Rates - 2% 2008-08-28 09:38:00 As expected, the Fed held steady keeping the central bank's short term interest rates at 2%.The Fed warned that the inflation outlook remains "highly uncertain" but also indicated that problems in the credit and housing markets, as well as high energy prices, are likely to hurt economic growth over the new few quarters.The Fed also dropped language that it used in its last statement about downside Read more:Rates
, Short
What Real Estate Markets Are You Investing In And What Strategies Are You Using? 2008-08-28 09:36:00 Share with us the different real estate markets that you are working in and why. Let us know the different real estate investing strategies that you are having success using.We are currently focusing efforts on light rehab projects in the greater Phoenix, AZ market. Due to large inventory levels, values are becoming increasingly attractive and, aggressively priced, these homes are attracting buy Read more:Estate
, Investing
, Markets
, Strategies
The Fed's Dilema 2008-08-28 09:35:00 I believe the Fed will indeed hold tight, neither raising nor lowing rates, since they are caught between inflation and further economic pressures to control a steadily weakening US economy.Update August 24, 2008: It now looks like real estate is going to remain challenging in many markets through the remainder of 2008 and through at least the beginning of 2009. Fannie and Freddie are at all time Read more:Dilema
Fed Funds Rate - Where Are The Rates Headed? 2008-08-28 09:34:00 Update August 24, 2008: The fed remains between the proverbial "rock and a hard place" in regards to the rates as there continues to be downward pressure on real estate, further deterioration of the overall US economy, and inflation is beginning to rear its head!Update September 9, 2008: Jobless claims continue to rise. The unemployment rate rises to 6.1%. Read more:Funds
, Rates
Welcome To The Blogspot For Property Qwest! 2008-08-28 09:26:00 Welcome to our Blog!Are you interested in real estate investing and different types of real estate investments? Work together with Property Qwest, our growing network of investors, and our affiliates to advance your real estate investing goals.For all of your real estate investing needs, contact us! Read more:Welcome
JPMorgan Chase Loan Modification - Moratorium on Foreclosures 2008-11-03 12:34:00 Update to previous post: "JPMorgan
Chase Loan Modification - Mortgage Program Expanded"As reported by CNNMoney.com - "JPMorgan Chase expands housing rescue plan":The bank will step up its efforts to offer mortgage modifications for borrowers at risk, institute an independent review process to eliminate all unnecessary foreclosures and hire and train more staff to handle the added caseload that th Read more:Foreclosures
JPMorgan Chase Loan Modification - Mortgage Program Expanded 2008-11-03 07:10:00 As reported by CNNMoney.com - "JPMorgan
will modify mortgages":JPMorgan Chase & Co. said Friday it is expanding its program to modify mortgages in an effort to avoid foreclosures on up to $70 billion in loans.The enhanced program will include the opening of 24 regional counseling centers, the hiring of 300 additional loan counselors, new financing alternatives, reaching out to borrowers with p Read more:Mortgage
, Program
As Goes Housing Prices, Now So Must Your Clocks! 2008-11-02 05:59:00 It's daylight savings time again. In case you didn't get up at 2:00AM:Change your clocks.Change the batteries in your smoke detectors.Enjoy the extra Z's.What direction you ask, go back and read the title, check Trulia for latest home price trends, and ask yourself what season we're in!If you're still confused, "fall back" on Wickipedia for more information regarding daylight savings time. Cauti Read more:Clocks
, Housing
, Prices
Florida`s Freedom Bank - Another Victim 2008-11-01 11:22:00 As reported by MarketWatch.com - "FDIC takes over Florida
's Freedom
Bank":Bradenton, Fla. - based Freedom Bank was closed Friday, marking the 17th bank failure so far this year amid the ongoing credit crisis. The Federal Deposit Insurance Corporation said in a statement that as of Oct. 17, Freedom Bank had $287 million in total assets and $254 million in total deposits. Freedom Bank's four branche
U.S Homeowners Underwater - At Least 7.5 Million Drowning! 2008-11-01 06:20:00 As reported by CNNMoney.com - "7.5 million homeowners 'underwater'":At least 7.5 million Americans owe more on their mortgages than their homes are currently worth, according to a real estate research firm's report released Friday.In other words: If they sold their homes today, they'd have to bring a check to the closing. Ouch.Another 2.1 million people stand right on the brink, according to the r Read more:Homeowners
Real Estate Investors - Are the Banks Lending Money? 2008-10-31 06:49:00 As reported by RealtyTimes.com (Author: Kenneth R. Harney) - "Investor Report: Who is Lending
?"The premise:Some investors may believe the headlines and assume that nobody's lending money anymore -- and certainly not for small residential rental projects.The assertion:But the reality is a little better than that. If you can come up with a downpayment, and are prepared to document income, assets and Read more:Estate
, Investors
, Money
, Real Estate
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