Real estate

[Redwhiteandblue]

Is the US real estate market on the rise? Is it a good time to invest?

 

[ArmyCowboy]

This really isn't a great answer, but it all depends on the area.

 

[Redwhiteandblue]

What determines land and property values? Seems like the market goes through cycles

 

[Truthmatters]

if you want low prices and low interest rates NOW is the time.

 

[ArmyCowboy]

What determines land and property values? Seems like the market goes through cycles

Need

People moving out of an area or economy their suffering - little need and values drop.

And of course the opposite is true.

 

[Redwhiteandblue]

Ok thanks guys

 

[SteadyMercury]

In some states that got hit hardest the time to invest was a year ago. Places like Phoenix and Las Vegas have already posted 25-30% gains over the past year, I suspect they'll continue to rise this year but not at that high a rate.

 

[Mr. H.]

2009 www.ould have been prime time. The gov't was awarding $8000 tax credits to home buyers.

 

[Morganist]

Property prices a supported by low interest rates. They cannot get any lower. There is nothing pushing demand up. So no it is not sustainable.

 

[EdwardBaiamonte]

Property prices a supported by low interest rates. They cannot get any lower. There is nothing pushing demand up. So no it is not sustainable.

I'd say now is a great time to buy since prices and rates are down and BO wont be in office forever!!

1) yes rates are down but then so is the incentive to lend at the down rates so this has little affect on prices

2) there is much pent up demand from recession and high unemployment and folks who lost homes

this is the best time to buy, I'd guess

 

[Mr. H.]

It helps to have a fairly decent credit score.

 

[harrisonkadle]

Every time is the correct time for investing in real estate. Because investment in real estate is cost effective investment and always yield you a profitable return.

 

[EdwardBaiamonte]

Every time is the correct time for investing in real estate. Because investment in real estate is cost effective investment and always yield you a profitable return.

well 2007 was not a good time

 

[william the wie]

Every time is the correct time for investing in real estate. Because investment in real estate is cost effective investment and always yield you a profitable return.

Was this guy banned for being stupid in public or what?

 

[EdwardBaiamonte]

Every time is the correct time for investing in real estate. Because investment in real estate is cost effective investment and always yield you a profitable return.

Was this guy banned for being stupid in public or what?

pehaps he lives in the one place on earth where there was no housing crisis, and he doesn't read newspapers.

 

[robinonaf]

Is the US real estate market on the rise? Is it a good time to invest?

Yes it is good time to invest. Investors are growing more cheerful in the Chicago commercial real estate market. According to Emerging Trends in Real Estate report The Chicago market received a score of 6.05 in the 2013.

 

[ERGO]

It's Always The Best Time To Buy
Distorting The "Housing Recovery" With Misleading Statistics

“The continuing shortages of housing inventory are driving the price gains. There is no evidence of bubbles popping.” – David Lereah, NAR mouthpiece/economist – August 2005

“The steady improvement in home sales will support price appreciation despite all the wild projections by academics, Wall Street analysts, and others in the media.” – David Lereah, NAR mouthpiece/economist – January 10, 2007

“Buyer traffic is continuing to pick up, while seller traffic is holding steady. In fact, buyer traffic is 40 percent above a year ago, so there is plenty of demand but insufficient inventory to improve sales more strongly. We’ve transitioned into a seller’s market in much of the country. We expect a seasonal rise of inventory this spring, but it may be insufficient to avoid more frequent incidences of multiple bidding and faster-than-normal price growth.” – Lawrence Yun – NAR mouthpiece/economist – February 21, 2013

I really need to stop being so pessimistic. I’m getting richer by the day. My home value is rising at a rate of 1% per month according to the National Association of Realtors. At that rate, my house will be worth $1 million in less than 10 years. My underwater condo (figuratively – not literally) in Wildwood will resurface and make me rich beyond my wildest dreams. Larry Yun, the brilliant economic genius employed by the upstanding and truth telling NAR, reported that median home prices soared by 12.3% in January (down 3.7% from December) over the prior year and there is virtually no inventory left to sell – with a mere 1.75 million homes in inventory – the lowest level since 1999. The median sales price of $173,600 is up “dramatically” from last year’s $154,500 level. I’m sure the NAR meant to mention that home prices are still down 25% from the 2005 high of $230,000. Every mainstream media newspaper, magazine, and news channel is telling me the “strong” housing recovery is propelling the economy and creating millions of new jobs. Keynesian economists, Wall Street bankers, government apparatchiks and housing trade organizations are all in agreement that the wealth effect from rising home prices will be the jump-start our economy needs to get back to the glory days of 2005. Who am I to argue with such (cough) honorable men with degrees from Ivy League schools and a track record of unquestioned accuracy as we can see in the chart below?

Mr. Lereah added to his sterling reputation with his insightful prescient book Why the Real Estate Boom Will Not Bust—And How You Can Profit from It, which was published in February 2006. I understand Ben Bernanke has a signed copy on his nightstand. According to David, he voluntarily decided to leave the NAR in mid-2007 as home prices began their 40% plunge over the next four years. He then admitted in an interview with Money Magazine in 2009 that he was nothing but a shill for the real estate industry, no different than a whore doing tricks for $20. Except he was whoring himself for millions of dollars and contributing to the biggest financial fraud in world history:

“I was pressured by executives to issue optimistic forecasts — then was left to shoulder the blame when things went sour. I was there for seven years doing everything they wanted me to. I worked for an association promoting housing, and it was my job to represent their interests. If you look at my actual forecasts, the numbers were right in line with most forecasts. The difference was that I put a positive spin on it. It was easy to do during boom times, harder when times weren’t good. I never thought the whole national real estate market would burst.”

After Mr. Lereah slithered away from his post he was replaced by the next snake – Lawrence Yun. He proceeded to put the best face possible on the greatest housing collapse in recorded history, assuring the public it was the best time to buy during the entire slide. Five million foreclosures later he’s still telling us it’s the best time to buy. Why shouldn’t we believe the National Association of Realtors and the mainstream media that report their propaganda as indisputable fact? These noble realtooors only have the best interests of their clients at heart. Remember when they warned people about the dangers of liar loans, negative amortization loans, appraisal fraud, nefarious mortgage brokers, criminal bankers, corrupt ratings agencies and the fact that home prices had reached a high two standard deviations above the normal trend? Oh yeah. They didn’t make a peep. They disputed and ridiculed Robert Shiller and anyone else who dared question the healthy “strong” housing market storyline. In late 2011 this superb, above board, truth telling organization admitted what many financial analysts and “crazy” bloggers had been pointing out for years. They were lying about home sales. Their data was false. Between 2007 and 2010, the NAR reported 2.95 million more home sales than had actually occurred. This was not a rounding error. This was not a flaw in their methodology, as they claimed. It was an outright fraudulent attempt to convince the public that the housing market was not in free fall. These guys make the BLS look accurate and above board.

The Incredible Shrinking Inventory

We are told by good old Larry Yun that there are only 1.74 million homes left for sale in this country and at current sales rates we’ll run out of inventory in 4.2 months. Oh the horror. You better buy now, before it’s too late. We must be running out of houses. Someone call Bob Toll. We need more houses built ASAP, before this becomes a crisis. But there seems to be problem with this storyline. Existing home sales are falling. Even using the NAR seasonally manipulated numbers, sales in January were lower than in November. In a country with 133 million housing units, there were 291,000 existing home sales in January. If there is an inventory shortage, why have new home sales fallen every month since May of 2012? There were a total of 10,000 completed new homes sold in December in the entire country. Housing starts plunged by 8.5% in January. Does this happen when you have a strong housing market? Do you believe the NAR inventory figure of 1.74 million homes for sale? The last time the months of supply was this low was early 2005 – during the good old days.

The rest can be read at: IT?S ALWAYS THE BEST TIME TO BUY « The Burning Platform

 

[EdwardBaiamonte]

It's Always The Best Time To Buyrl]

Its always the best time to buy except when its the best time to sell.

 

[ERGO]

It's Always The Best Time To Buyrl]

Its always the best time to buy except when its the best time to sell.

The author of the article is being facetious...sarcastic with the title and I presume you are also. I recommend reading the entire article. I found it to be a well written and enlightening article.

 

[EdwardBaiamonte]

It's Always The Best Time To Buyrl]

Its always the best time to buy except when its the best time to sell.

The author of the article is being facetious...sarcastic with the title and I presume you are also. I recommend reading the entire article. I found it to be a well written and enlightening article.

so why not give us the best part in a nutshell?? We can all read all we want!!!