invest, real estate, land, sell land, buy land, financing, hard money, lending, sell

Home Sales Up....

2012-02-10T16:30:00.001-08:00

Press Release by the Northwest Multiple Listing Service

NWMLS KIRKLAND, WA. (Jan. 4, 2012) – Home sales finished the year much stronger than they started, with pending sales for the fourth quarter outgaining the first quarter by more than 3,000 transactions for a 21 percent increase, according to new figures from Northwest Multiple Listing Service.

A year-over-year comparison shows December’s pending sales (mutually accepted offers) rose more than 20 percent from a year ago. Northwest MLS brokers reported 5,237 pending sales last month, up from the previous year when they recorded 4,359 transactions.

MULTI - FAMILY in PIERCE COUNTY, WA

2012-02-09T14:59:00.000-08:00

RICHARD BRANSON'S Words

2012-02-06T09:32:00.000-08:00

"Business opportunities are like buses,
there's always another one coming."
Richard Branson

AWESOME...SIGNS OF RECOVERY !!!!

2012-01-30T20:30:00.000-08:00

Resale of Existing Homes is UP, UP, UP

Regional increases were seen across the board, but had the largest increase in the Northeast which rose by 10.7 percent for the month of December. Next in line was the Midwest, rising 8.3 percent. The South and west followed suite, rising 2.9 and 2.6 percent respectively.

This rise in existing-home sales has led to a dip in available inventory, which is welcome news for many sellers who are facing steep competition. NAR reports "available inventory has trended down since setting a record of 4.04 million in July 2007, and is at the lowest level since March 2005 when there were 2.30 million homes on the market."

Total housing inventory fell a staggering 9.2 percent in December to 2.38 million homes for sale. "The inventory supply suggests many markets will see prices stabilize or grow moderately in the near future," Yun said.

From our FRiends over at Realty Times...

http://realtytimes.com/rtpages/20120130_realestateoutlook.htm

Bernanke Calls For Nationwide REO Rental Program

2012-01-18T10:14:00.000-08:00

From an article written on 1-4-12 by Jacob Gaffney.

The government should consider helping the nation's vacant, unsold stock of foreclosed properties by supporting initiatives to occupy.

Federal Reserve Chairman Ben Bernanke believes that one aspect should be a government support program that allows renters to move into those houses.

---------------------------------------

My Reply......

RIDICULOUS !! Private industry (entrepreneurial) is already in full gear and moving forward. Why cut that off?
Multi-family market is growing and catching up to where it should be. There should always be a decent balance of SF homes and MF homes.
Finally, letting natural market forces (supply & demand) work will always be best for America. Many forget that this is one of the main foundations that built the USA's World Class economy!

We do not need the Fed's jumping in late and stepping on our toes. How foolish of our Congress Persons to believe they will not cause even greater problems.

Most important...why would we allow the highly profitable Banking industry to once again take control???

signed, a TRUE AMERICAN

PS: Just read the Blog below this one to see what happens when our Government steps in & over corrects on a problem....
Crushing our beloved Veterans again.

VETERANS Can't get the MORTGAGES They Need

2012-01-12T10:41:00.000-08:00

This is a Classic example of a Government Organization
Causing MORE PROBLEMS when they are trying to
Fix a Problem......

Jody Kahn at John Burns at John Burns Real Estate Consulting
wrote...

Our survey of 188 home building executives last month turned up a very interesting, and disturbing, finding. More builders are shying away from selling homes to Vets because VA appraisers have become so conservative that the homes rarely close.

And...

  In addition, the low appraisals impact the value of future community sales, costing the builders significant money. Particularly disturbing are some of the VA procedures that make it difficult to challenge mistakes, as well as the impact the appraisals are having on other homes available for sale in the community. All of the builders we spoke with love selling homes to Vets, but many have grown so frustrated with the process that it is becoming financially questionable to continue.

Full article at ....
  http://campaign.r20.constantcontact.com/render?llr=t6qceacab&v=001S22Ky2nkF8b5xFReeR5zu94KWdYprpZZc9h6LZ3VOLOG05SF7sa4dhID3e6XFxvxWJSGKtpX7aKr1dlZSMOEW-QWLV9nOfhLzL70-mu9YPjJZBnxvw1Ms0CQcV79gwVfrsg5zlYe0Ajdx9K9fmriupb_nQ8O1nPcjzU2KeHI_PHL7UI5GvRYcHGvKV4z1cCXMIvrBZehTG8bxZILTjGiiFZyxACWjm2BtSqkh7N6uQMqGbB7yS9DDw%3D%3D

We are all thankful the Government is working on the housing dilemma, for sure. But, sudden over correcting to fix a big problem always causes more unseen damage. Come on, please start using some wisdom!

Thanks for reading, Larry
Blog Author & Founder

Foreclosure....FREE RIDE: 3 Years !!!

2011-12-28T18:13:00.001-08:00

Great Story......

Source: CNN MoneyWednesday, December 28th, 2011, 10:58 am

Delinquent borrowers facing foreclosure are learning that they can stay in their homes for years, as long as they're willing to put up a fight.

Among the tactics: Challenging the bank's actions, waiting to file paperwork right up until the deadline, requesting the lender dig up original paperwork or, in some extreme cases, declaring bankruptcy.

Read the full story >>

Just like I've been telling folks for over a year now...

Dig in your feet & fight......

DISTRESSED HOMES, CRUSHING NEW HOMES

2011-12-20T10:39:00.000-08:00

I spent many years selling dirt to New Home Builders & Developers.
At one time, we really had to hustle to have enough homes ready for the Buyers.

Perhaps no one has been harder hit than builders of new homes. The National Association of Home Builders (NAHB) reports that one out of three builders are reporting losing signed contracts during the preceding six months because appraisals are coming in lower than contract sales prices.

With that sort of profit margin, it's no wonder that many builders are staying on the sidelines. Yet, this is pushing the economy to the brink. The NAHB reports that new-home construction is a key to economic recovery. One hundred new homes can mean 300 full-time jobs and $8.9 million in federal, state, and local tax revenue.

Read more at..
http://realtytimes.com/rtpages/20111219_realestateoutlook.htm

Here's the BIG PROBLEM coming our way next.....

It takes 2 or more years to get a New Plat approved in most areas.
Will this make a shortage of homes available in the future?
Will this cause home values to escalate, again?
Will this become another Economic cycle of "ups &and downs" that causes so many problems?
_______________

As the Author / Founder of this Blog, I truly believe in our great
Free Enterprise System that runs the economy in our God blessed
country. But, we need to have our leaders think carefully, anticipating new problems and balancing the type of fixes that are put into place. We pick our Congressional leaders to be WISE.

Step up, Man up & Woman up CONGRESS !!!!!!!!
---------------------------------
A special thanks to Realty Times for the above article,

Sincerely, Larry

YOU ALREADY KNOW WE LOVE CARS !!!

2011-12-16T20:02:00.000-08:00

OMGosh...... Mr Pagani has done it again !!!!!

This is the view you will see as it BLAZES PAST YOU !!!!

Meet the all new PAGANI HUAYRA......

How to be SUCCESSFUL ...

2011-12-13T13:38:00.000-08:00

"The only place where Success comes before Work is in the dictionary."

Vidal Sassoon

Principal Reduction Will Solve The Housing Crisis ...

2011-12-06T12:27:00.001-08:00

Are the geniuses that created this mess at the banks going to keep telling us how impossible this concept is when nothing they do even dents the problem, but actually continues to exacerbate it? Principal reduction will not only help us out of the housing crisis, but will stimulate the economy!

This is a great article from Realty Times, written by Tanya Marchiol.

See this link for more info.....

http://realtytimes.com/rtpages/20111202_principalreduction.htm

Sorry Readers & Fans (LOL), I have been very busy working on Multi-Family deals and haven't written a Blog in almost a month. If you have Apartments you want to SELL or BUY, please contact me ASAP.

Sincerely, Larry Tutino

HOUSING Markets _ BEST Recovery bets

2011-11-13T13:30:00.001-08:00

tacoma, washington
Here's what CNN Money projects the top 10 markets to be.

Read more at ..... http://money.cnn.com/galleries/2011/real_estate/1102/gallery.best_recovery_bets/index.html

Median home price: $240,000

Drop since market peak: 27.9%

Forecast gain by 9/2012: 11.8%

After living in this area for 50 years, I agree completely.
Special thanks to CNN's Les Christie, the Author of the article.

Larry Tutino

UN-FLIPPIN-BELIEVABLE ?!?!?!?

2011-11-10T07:58:00.001-08:00

The CEO of Freddie Mac, Ed Haldeman, received a $2.3 million bonus, in addition to his $900,000 salary. Fannie Mae's CEO, Michael Williams, received a $2.37 million bonus.

"The executives got the bonuses about two years after the federally backed mortgage giants received nearly $170 billion in taxpayer bailouts…" [my emphasis] In August of this year, Fannie Mae reported a second-quarter loss of$5.2 billion. In November, Freddie Mac reported a third-quarter loss of $4.4billion.

Read the complete story at... http://realtytimes.com/rtpages/20111108_occupy.htm

How can this be happening ???

Homes of the WORLD 1

2011-11-09T13:06:00.000-08:00

Maharana Jagat II Palace

How would you like to maintain this fabulous home??

Do YOU have "effective Negative Equity" ??

2011-11-09T13:05:00.000-08:00

What is ENE ?? (effective negative equity)

'effective' negative equity,
is when borrowers/homeowners who have so little equity in their homes, they cannot afford to move.

Consider the following from mortgage
analyst Mark Hanson:

On US totals, if you figure average house
prices use conforming loan balances, then a repeat buyer has to
have roughly 10% down to buy in addition to the 6% Realtor fee to
sell. Thus, the effective negative equity target would be 85%.
You also have to factor in secondary financing, which most
measures leave out. Based on that, over 50% of all mortgaged
households in the US are effectively underwater — unable to
sell for enough to pay a Realtor and put a down payment on a new
purchase without coming out of pocket.
-------------------------

Special thanks to:
Chris McLaughlin, who is widely known as America’s top
Real Estate Attorney and Investment Consultant.

RENTALS are UP, UP, UP !@%$%#$$

2011-11-07T16:49:00.000-08:00

Apartments for Rent at Realtor.com
Rental demand, tight mortgage money, changing attudes about renting, demographic shifts --

-but mostly rental demand -- prompted Realtor.com to add apartments to its listings.

Full Story: http://realtytimes.com/rtpages/20111103_apartments.htm

HOW TO FIX OUR FEDERAL DEFICIT

2011-10-26T09:40:00.000-07:00

Wall Photos

Warren Buffett, "I could end the deficit in 5 minutes," he told CNBC. "You just pass a law that says that anytime there is a deficit of more than 3% of GDP, all
sitting members of Congress are ineligible for re-election. The 26th
amendment (granting the right to vote for 18 year-olds) took only 3 months
& 8 days to be ratified! Why? Simple! The people demanded it. That was in
1971...before computers, e-mail, cell phones, etc. Of the 27 amendments to
the Constitution, seven (7) took 1 year or less to become the law of the
land...all because of public pressure.

Warren Buffet is asking each addressee to forward this email to a minimum of
twenty people on their address list; in turn ask each of those to do
likewise.
In three days, most people in The United States of America will have the
message. This is one idea that really should be passed around.

*Congressional Reform Act of 2011*

1. No Tenure / No Pension. A Congressman collects a salary while in office
and receives no pay when they are out of office.

2. Congress (past, present & future) participates in Social Security. All
funds in the Congressional retirement fund move to the Social Security
system immediately. All future funds flow into the Social Security system,
and Congress participates with the American people. It may not be used for
any other purpose.

3. Congress can purchase their own retirement plan, just as all Americans
do.

4. Congress will no longer vote themselves a pay raise. Congressional pay
will rise by the lower of CPI or 3%.

5. Congress loses their current health care system and participates in the
same health care system as the American people.

6. Congress must equally abide by all laws they impose on the American
people.

7. All contracts with past and present Congressmen are void effective 1/1/12.
The American people did not make this contract with Congressmen. Congressmen
made all these contracts for themselves. Serving in Congress is an honor,
not a career. The Founding Fathers envisioned citizen legislators, so ours
should serve their term's), then go home and back to work.

If each person contacts a minimum of twenty people then it will only take
three days for most people (in the U.S.) to receive the message. Maybe it is
time.

THIS IS HOW YOU FIX CONGRESS!!!!! If you agree with the above, pass it on.

PICKING THE BEST GRANITE COUNTER TOP

2011-10-11T10:38:00.000-07:00

Perform The Following Test

Has It Been Doctored?

Before purchasing a granite top perform the following test to find out if it has been doctored. Get a clean white cloth and apply some acetone (nail varnish remover) to the surface of the granite. If any residue or black color is observed on the top, do not accept it, it has been dyed. Take a piece of the "granite" you want to test and spill a few drops of lemon juice onto it. If you see that under the drops of lemon it develops very quickly dark spots, it means that it's a very absorbent stone and I would advise you against it. If it takes, say, a minute or so to be absorbed, then you're dealing with a level of absorbency that's easily controllable with the application of a good quality impregnating sealer.

Buying On the Internet

What To Watch Out For

When buying on the internet you are usually shown samples of the very best, · Granite · Marble · Limestone · etc. You must be aware that this stone is probably not what you will receive. Firstly, the stone is batched. You need batched stone to get the consistent pattern throughout the surface. If you were to buy stone today and return for stone a month later to complete your project you will invariably get a mismatch that can look horrendous especially with the larger crystals such as blue pearl granite. Always make sure you are receiving the same batch and have it itemised on your order. Also if the installer chips a corner or scratches the surface you will generally need a replacement piece. If the batch isn't available you may have a problem.

Fading Of Black Granite

How To Choose

There have been some concerns regarding the fading of black granite counter tops. · Black granite should not fade. · Black granite imported from Asia is sometimes doctored with dyes and oils to darken the surface. · The fading is nothing more than the dyes and oils being removed. · Unfortunately, the only fix is to re-polish the top. This can be costly.

This great advise is from my friends over at ...

Rinehart Inspection Services, LLC

Go directly to their site at ......http://www.rinehartinspections.com/

WATER DAMAGE Control Before it HAPPENS

2011-08-30T09:13:00.000-07:00

Consider water alarms
	Consider water alarms: Home owners can install water alarms for a quick alert when an appliance isn't working right. Hooking up the system to an appliance is usually as simple as hooking up a hose to an outdoor faucet. Here is some GREAT ADVISE from Rinehart Inspection Services, LLC. For more tips subscribe to their newsletter at....

http://www.rinehartinspections.com/

Are You Giving the Directions or Taking Them?

2011-08-23T10:41:00.000-07:00

By guest blogger Joel G. Block

Living through the stock market roller coaster has been difficult – in fact, it is paralyzing. I am so focused on it that I am having trouble concentrating on work that I can actually control. Ironically, the chaos of the week has made one issue crystal clear for me.

The more I understand the stock market, the more I realize that I don’t get it at all.

Most individuals have their money in the stock market because their retirement accounts force them into the market. Those funds are forced into the market because the companies that manage those funds are stock market companies. A coincidence?

OUCH.....THIS HURTS !!!!!

2011-08-05T11:00:00.000-07:00

Fannie wants more

Mortgage finance giant Fannie Mae said it would ask for an
additional $5.1 billion from taxpayers as it continues to suffer
losses on loans made prior to 2009. Including the latest funding
request, Fannie Mae has needed $104 billion in government capital
injections since the US Treasury seized control of it in 2008
during the financial crisis.

A post from Chris McLaughlin's Blog at .......

http://www.shortsalesriches.com

WHO IS BUYING LOTS ???

2011-08-04T11:22:00.001-07:00

20% DOWN PAYMENTS??? R THEY NUTS??? pg 2

2011-08-02T11:26:00.000-07:00

NAR - 20% downpayment and stringent regulations unfair

A proposed rule by federal regulators to impose a minimum 20%
down payment, stringent debt-to-income ratio requirements and
rigid credit standards will deny millions of Americans access to
safe, low-cost mortgages, according to the National Association
of Realtors (NAR).

This Author agrees.

This will cut-off first time homebuyers.

This will cut-off Buyers that are rebuilding their finances.

FYI.. over 40% of Homeowners that were foreclosed on were over 50 years of age.

Here's my plan.

If you want to buy a home that is.....

Under $125,ooo you will need 10% down.

Under $199,ooo you will need 15% down.

Over $200,ooo you will need 20% down.

This is a simple Plan that will make it possible for most families to have a home &

protect the U.S. loan guarantee programs (ie. taxpayers) from a huge future meltdown in the housing markets.

This will also stop Buyers from buying a home that is actually too expensive for their budget.

One, easy to implement Plan that will give American investors new confidence in our massive housing market.

Many thanks from Larry Tutino, Blog Founder

Lets get this housing market on it's own 2 feet again!

MORE Financing Options NEDED..

2011-08-02T09:02:00.000-07:00

"Rental yields are high enough to entice some amount of private capital,
but financing for investor properties would certainly attract
more capital and cushion further home price declines," the agency
said in its Amherst Mortgage Insight report.

Amherst Securities believes 10.4 million homes are still at risk
of going into default after analyzing the number of loans that
are currently classified as non-performing, previously delinquent
and underwater. The tightening of underwriting guidelines also
is making it more difficult for investors and homebuyers to get
into the market to extract the access inventory. "It is
increasingly difficult to obtain a mortgage, thus shrinking the
pool of qualified applicants," Amherst wrote.

This news is from Chris McLaughlins site at ...

http://www.mclaughlinchris.com

WOW !!!!!

2011-07-22T19:01:00.000-07:00

HUD owned about 69,000 homes at the
end of April and sold 11,000 homes in that month. Fannie and
Freddie held another 218,000 at the end of March.

HOME SALES......UP OR DOWN ???

2011-07-19T13:07:00.000-07:00

BLOOMBERG.COM NEWS reported.........

Close to Bottom

“The market continues to bounce along the bottom, with conditions in some locations beginning to improve,” NAHB Chief Economist David Crowe said today in a statement. “The stronger rebound in sales expectations for the next six months likewise marks a return to trend.”

The NAHB confidence survey asks builders to characterize current sales as “good,” “fair” or “poor” and to gauge prospective buyers’ traffic. It also asks participants to gauge the outlook for the next six months.

Builders in three of the four regions were less pessimistic this month. In the South, the gauge rose to 17, the highest since March, from 14 a month earlier. The measure also climbed in the West and Midwest.

By Bob Willis - Jul 18, 2011 7:19 AM PT

One quarter of 2011 was down & one quarter was up. Yes folks, we are finally getting through this HUGE real estate market mess. I call it...HREMM.

It's just like fishing the bottom. You drag along, bouncing up and down, hoping you don't snag your line & WHAM......it's on!

The challenge will then be; have we learned anything and will we handle things better the next time around?

My favorite part of this whole HREMM is how American & Entrepreneurial positive thinking has basically supported and reinvented the market. Massive foreclosures (Investors & Private Lenders handling it), high loan qualification parameters (Investors & Private lenders handling it).

It's a beautiful business picture!

Thanks to all PMA believers,

Larry Tutino, Blog Founder

NO JOKE..REITs CRUSH STOCK MARKET AGAIN

2011-07-12T23:16:00.000-07:00

Great news....just like I reported in the Feb 25th, 2011 blog.....REITs are outprforming the stock market again.

Real-estate stocks again outperformed the broader stock market during the second quarter, as investors bet property companies will provide a safe haven from global turmoil.

The Dow Jones Equity All REIT Index was up 9.9% for the first half of the year, compared with a 6% rise in the Standard & Poor’s 500-stock Index and 8.6% for the Dow Jones Industrial Average, on a total return basis. The recent performance caps a two-year period in which REITs have been on a hot streak, returning nearly 30%.

The truth is that real estate has been outperforming the stock market since 1958. No kidding. I went back over 50 years and compared numbers and this is what I discovered. a very small percentage of companies did better over the last 50 year period. What more proof do you need???

Last year, REITs raised $26.24 billion in equity, not including initial public offerings, the largest amount since 1997, according to data supplied by the National Association of Real Estate Investment Trusts. And that amount may soon be eclipsed; $23.72 billion has been raised so far this year.

B U Y R E I T s B U Y R E I T s

Many thanks from Blog Founder, Larry Tutino

20% DOWN PAYMENTS??? R THEY NUTS???

2011-07-11T14:07:00.000-07:00

“Despite the economic setbacks Americans have experienced in today’s current climate, it is clear that a strong majority still believe in home ownership and aspire to own a home,” said NAR President Ron Phipps, broker-president of Phipps Realty in Warwick, R.I. “However, achieving the dream of home ownership will become increasingly difficult for buyers if they are required to make a 20 percent down payment, which may be a reality for many of tomorrow’s buyers if a proposed Qualified Residential Mortgage rule is adopted. That is why Realtors® are strongly urging regulators to go back to the drawing board on the proposed rule.”

Article from.. http://realtytimes.com/rtpages/20110711_realestateoutlook.htm

To learn more about how my Investors are handling this problem.....

email Larry at... sellorbuyland@gmail.com

YES...INVESTORS ARE SAVING US...

2011-06-15T10:53:00.000-07:00

This week, attendees of the REO Expo default services conference
in Texas are talking all about how best to sell distressed and
often dilapidated properties.

That's why I think there should be more investor
incentives, because investors take the time to rehab, which in
turn allows them to sell these homes at a higher price, which
consequently improves overall home prices. Look, the banks, the
government, they need help, and investors are not the enemy
here."

(Quotes by Wells Fargo vendor network manager Kevin
Schriver)

I.ve been saying this same thing for a while now. I see it everyday as I search and put together deals on REO properties and talk with homeowners that are dangerously close to losing their homes.

What a shame. The Banks still continue to leave these families in high stress situations. Holding off until the last moment, then telling them, sorry...you're denied.

Then, the Banks put forward conditions to control the Investors! Are you kidding me. How do the Banks end up with the "say so" after being fully responsible for this downward spiraling market?????

No matter. The Banks are going to make the money while we commonfolks and consumers pay, pay, pay!!!!

Larry, Blog Author

ITs GETTING BETTER !!!

2011-06-14T10:20:00.000-07:00

Here's proof that we are improving in the Single Family markets..

The Federal Housing Finance Agency (FHFA ) is the Conservator of Fannie Mae and Freddie Mac.

The FHFA oversees all monies that the Fed gives to them and pretty much tells the two agencies what to do.

The Director, Edward DeMarco said more stringent underwriting standards and a stronger price structure have helped.

The companies hold a 60% share of single-family loan production.

The FHFA also oversees the dozen Federal Home Loan Banks and said all 12 reported profits in 2010!

Special thanks to..... News & Commentary by Chris McLaughlin at....http://www.smartrealestatenews.com/

IT's TIME TO BUY NOW ......

2011-06-06T09:08:00.000-07:00

Such conditions might not last long.

Back in June 2006, when the housing market peaked, the prospect
of a five-year national housing bust seemed unimaginable to most
people.

And yet here we are, with the latest Standard & Poor's
Case-Shiller index showing that prices hit new bear-market lows,
falling back to 2002 levels nationally and to 1990s levels in
some battered regions.

Despite all the gloom, however, there are
growing indications that it is a good time to buy. Mortgage
rates, which fell to 4.55% for the week ending June 2, according
to Freddie Mac, are near 50-year lows. Homes have become more
affordable than they have been in years: According to Moody's
Analytics, the ratio of home prices to income is now 20.9% lower
than the 15-year average through 2010, and 12.5% lower than the
1989-2004 average.

A historic glut of homes, meanwhile, has
created a BUYER'S MARKET: There were about 15 million vacant
homes in the U.S. last year, according to John Burns Real Estate
Consulting, Inc.—some 3.1 million more than normal.

"I highly recommend that all who can partner with an educated real estate Investor and watch your net worth increase over the next few years."

Larry Tutino

A special thanks to Chris McLaughlin & John Burns, Real Estate Geniuses

US Government GIVING AWAY $$$$$$ AGAIN !!!

2011-06-02T16:26:00.000-07:00

This is CRAZY.......

Have you heard about the "Neighborhood Stabilization Program????

The total appropriation for NSP has been $7 billion.

said Rep. Spencer Bachus (R-Ala.), chairman of the committee. "These programs may have been well-intentioned but they’re not working and, in reality, are making things worse."

Rep. Judy Biggert (R-Ill.) said these programs were put up in haste, executed poorly and have done little to restore stability.

"We need to break down barriers that have delayed the housing recovery, including expensive and ineffective government programs that have failed to help homeowners," Biggert said.

This is our tax dollars given away to Cities and Towns to "buy up the REO bank owned & foreclosed homes".

The intent is to make our communities look better, thinking this will increase Single Family home Sales and maintain communities. All of that makes great sense if the Banks were actually providing more loans to the Buyers. They are NOT!

I say, "PRESSURE THE BANKS to loosen up the $$$$$. They just had one of their most profitable years. Put the screw to em....now.

Larry, Blog author.

SINGLE FAMILY MARKET ?????

2011-05-27T09:11:00.000-07:00

FORECLOSURE SUPPLY DRAGS MARKET DOWN.....

According to a report from RealtyTrac, the online marketer of
foreclosed properties. Las Vegas has so many foreclosures that
53% of all the homes sold in Nevada are in some stage of
foreclosure. Foreclosures represent 45% of sales in California
and Arizona, and 28% of all existing home sales during the first
three months of 2011. What's more, the homes are selling at
steep discounts, especially so-called REOs, bank-owned homes that
have been taken in foreclosure procedures. The average REO cost
on average about 35% less than comparable properties, according
to RealtyTrac.

The author of this article is usually very accurate in his foresight.

Read more at ... http://www.smartrealestatenews.com/

U.S. Top Spot for Foreign Buyers

2011-05-20T08:13:00.000-07:00

Despite tightened credit for many domestic buyers, the United States is still a top spot for foreign purchases. The National Association of Realtors reports that "international purchases surged by $16 billion this year, one of the highest increases in recent years."

Domestic investors are getting in on the action as well. Depreciating prices and distressed properties have been a draw for all-cash purchasers, which now make up about one-third of all sales.

Written by....

Carla Hill, M.A., works on the Realty Times staff as Managing Editor for our online publication.

Thanks Carla for sharing.

IS THERE A HOLE IN YOUR HEAD ????

2011-05-18T12:41:00.000-07:00

Smart Real Estate News & Commentary by Chris McLaughlin May 18,
2011

'If you had a home to sell, you'd probably wait a year if
you could. You'd have to have a hole in your head to list it now
because prices are down.'

I love how Chris gets right to the point.

Thanks, Larry - Blog Founder

EXISTING HOME SALES...UP, UP, UP

2011-05-11T10:24:00.000-07:00

Here is the great news we have been waiting for!!!!

We all knew it was coming, but when

Existing-home sales continued to recover in the first quarter
with gains recorded in 49 states

Existing-home sales in the West jumped 13.5 percent in the first
quarter to a level of 1.29 million and are 2.1 percent above a
year ago. The median existing single-family home price in the
West fell 4.7 percent to $197,400 in the first quarter from the
first quarter of 2010.

Get more news about the Housing Market Recovery at ... http://www.smartrealestatenews.com/

Once again, many thanks to Chris McLaughlin for his up-to-date reports/

Larry Tutino, Blog Author & Founder

MULTI-FAMILY DOING GREAT !!!

2011-04-27T17:01:00.000-07:00

Multi-Family in Pierce County (Tacoma) is Flying High....

• One of the region’s strongest rental markets. Per Dupre+Scott, the vacancy rate is 4.47
percent and 5-year average rent growth of 5.4 percent.

• Diminishing supply of new multifamily construction within the Puget Sound region.
Approximately 2,500 units are planned in 2009 and only 3,000 existing within the Pierce
County submarket. Due to an active condo

Pierce County is definitely the place to INVEST in MULTI-FAMILY....

For more info contact Larry Tutino. Just click on on the website TAB or

email me anytime at....... sellorbuyland@gmail.com

INVESTORS SAVING US !!!

2011-04-27T16:26:00.000-07:00

THANK YOU LORD FOR CASH INVESTORS .......

All-cash investors are flooding the market, buying up distressed properties at deep discounts. Secretary Donovan claims investors are no longer the pariah's of the housing market; they are in fact the bulk of today's buyers of distressed properties. At the height of the housing crash, President Obama made clear that the housing/mortgage bailout was not for investors, who bought properties with money they didn't have, but only for owner-occupants (who also, by the way, bought properties with money they didn't have). The tides have turned. 'Clearly investors coming in to buy some of these homes is a key part of how these neighborhoods recover,' Donovan says. 'We're focused on, for example with REO [bank-owned] homes, investors to purchase them and get the financing they need to fix them up.'"

Smart Real Estate News & Commentary by April 27, 2011

Forward this e-mail to your friends! Then they can subscribe directly
at the following link: http://www.smartrealestatenews.com/

Investors are carrying the industry on their backs.....

Being an Investor myself, I constantly run into investors at homes for sale. Rarely do I see the normal family Buyer that was so common 3 years back.

Larry Tutino, Blog Founder

AFFORDABLE RENTALS HARD TO FIND...

2011-04-27T16:23:00.000-07:00

Affordable rentals hard to find

A record number of renters are spending more than half their income on housing, according to a report released Tuesday by the Harvard Joint Center for Housing Studies. One in four renters -- or about 10.1 million households -- spend half their paychecks on rent and utilities, the study found. Another 26.2% spent between 30% and 50% of their income on housing. This is due in large part to rising housing costs and weak income gains. The center defines "affordable" as less than 30% of household income. Though most renters are low-income, more middle-income renters are feeling the pinch, too.

One in five of those in middle-income quintile are paying between 30% and 50% of their pay in rent, up from 9% a decade ago. The middle-income quintile are those making between $42,000 and $62,900. The number of renters is also expanding as the housing crisis drove many people out of their homes and prevented others from securing mortgages to buy houses. An additional four million people were renting in 2010, compared to 2005, Belsky said. Making matters worse, the supply of affordable rental housing has been shrinking. Nearly 12% of low-cost market-rate rentals that existed in 1999 were demolished or lost from the housing stock by 2009. And there is little new multi-family buildings being built in the wake of the housing crisis.

Smart Real Estate News & Commentary by Chris McLaughlin April 27, 2011

Forward this e-mail to your friends! Then they can subscribe directly
at the following link: http://www.smartrealestatenews.com/

IT's TIME TO CONFRONT THE BANKS......

2011-04-25T09:39:00.000-07:00

The BANKS or the FEDERAL RESERVE must be held responsible for this recession/depression!!!!!

Thomas Jefferson said in 1802: 'I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around the banks will deprive the people of all property - until their children wake-up homeless on the continent their fathers conquered.'

Thomas Jefferson (April 13, 1743 – July 4, 1826) was the third President of the United States (1801–1809) and the principal author of the Declaration of ...

Short biography from the official Whitehouse site.
www.whitehouse.gov/about/presidents/thomasjefferson -

My opinion................

We all know that Thomas Jefferson was one of the most intelligent men that has ever lived. Easily ranking with Winston Churchill, Nelson Mandela, Abraham Lincoln or George Washington a government leader.

When will we learn to listen to our elders??????

Are we, today strong enough to make the changes necessary to our over domineering banking system???

Will we, the AMERICAN PEOPLE continue to allow our financial system to run us into the ground?????

Why do we allow our government to run our finances in a way that we would never

run our family's finances. In fact, we would lose our homes and businesses if we ran our

own finances that way!!!!!

I SAY.......STOP NOW ....... TO OUR POLITICIANS. WHY DO THEY THINK THEY CAN CONTINUALLY BE REELECTED??????

Every time you vote, check the politicians financial record first. Over the course of many elections we will eventually get the financially irresponsible politicians replaced.

We will stop passing this ENORMOUS DEBT onto our children.

Thank You for reading. Larry Tutino, Blog Founder

SUCCEED BUILDING NEW HOMES.....

2011-04-21T21:37:00.000-07:00

If want to succeed at building NEW HOMES in this market,,,,,

follow this advice.

Here are some successful strategies we have observed:

• Investments in Technology: One unsung reason that big builders
have fared better than many smaller builders is their ability to
invest in technology. I'm not talking about cumbersome
accounting systems, but rather very nimble tools to:
o quickly assess a market for depth of demand,
o survey prospective buyers for the design features they will
pay for, or
o strip excess labor cost out of a very energy efficient house.
Some of these processes have been developed by consultants or
contractors, so builders of all sizes can benefit.

• 100% Focus on Sales: From the CEO to the framer, the most
successful companies are all about sales. Roll out the red carpet
for anyone who takes the time to visit your website or community.
Tell everyone you know about the well-designed and well-built
homes you are selling at fantastic prices.

This advice is from John Burns Real Estate Consulting, Inc.

To view this newsletter on their website, visit:
http://www.realestateconsulting.com/content/SBMI-201104

Posted by Larry Tutino

COMMERCIAL real estate INVESTORS keen on 2011

2011-04-18T09:15:00.000-07:00

Great news for Commercial properties .......

One survey of Realtors found they expect vacancy rates to drop in every commercial sector. But the chief economist for the National Association of Realtors said rents are still not likely to take a positive turn in most markets until 2012.

Carolyn M. Proctor | cmproctor@bizjournals.com wrote this article.

Special Thanks from Larry. Have a nice day.

IMF points Finger at USA......

2011-04-11T08:03:00.000-07:00

The global organization faults tax incentives and low-income housing goals as contributing to the near collapse of the housing market in the United States......

The meeting between President Obama and top lawmakers on the budget ended with no agreement but further talks are scheduled......

Please read more at .....http://www.smartrealestatenews.com/

Copied from Smart Real Estate News & Commentary by Chris McLaughlin April 8, 2011

FYI from Larry, Blog Founder

FEWER FORECLOSURES in Last Quarter....

2011-04-05T07:27:00.000-07:00

This is GREAT NEWS !!!!

Monday, April 4th, 2011, 7:51 am

Freddie Mac Chief Executive Officer Ed Haldeman said less than 4% of the government-sponsored enterprise's single-family home loans are at least three payments behind or heading into foreclosure.
Read more at........ http://www.housingwire.com/2011/04/04/less-than-4-of-single-family-loans-are-delinquent-freddie-ceo

Passed on to you by Larry Tutino

PENDING HOME SALES...UP, UP, UP

2011-04-04T10:02:00.000-07:00

Sure the housing market is bouncing up & down,,,,,but,,,,,it's slowly improving.

The bottom is here or darn close. Investors should be focused & moving fast now.

Do whatever you can to buy now!

Regionally, the area with the largest increase was the West, up by 7.0 percent. It is the only region experiencing higher levels of pending sales than a year prior. The Midwest wasn't far behind, with a 4.0 percent rise for the month.

"We may not see notable gains in existing-home sales in the near term, but they're expected to rise 5 to 10 percent this year with the economic recovery, job creation and excellent affordability conditions providing confidence to buyers who've been on the sidelines," Yun said.

Published: April 4, 2011

I found this GREAT news and knew you would want to see it.

Thanks from Larry Tutino ...Blog Founder

Read more at this link.... http://realtytimes.com/rtpages/20110404_realestateoutlook.htm

START INVESTING NOW !!!

2011-03-28T14:09:00.000-07:00

Most investors think we have hit the bottom and are working hard now to get all the new business they can, as fast as they can.

Time To Get into the Game

I believe many investors and users have been sitting on the sideline and have now decided to start making a move. They feel we have hit the bottom and it is time to get back into the game. Banks are putting their REO's on the market and taking a hard look at all offers.

The restaurants are not expanding very fast but we are seeing increased activity from gas/convenience stores and a lot of automotive users.
Kittie L. Hook, senior vice president, corporate services at Cassidy Turley Fuller Real Estate in Denver, CO

This is a "Cool" picture of the Seattle Center Fountain we all love to play in.

from Larry, Blog Founder

MORE GOOD NEWS !!!

2011-03-28T14:04:00.000-07:00

Commercial Real Estate Deals are Coming Back Strong.

Check out this graph......

Property Type	No. of Deals 4th Qrtr 2010	No. of Deals 4th Qrtr 2009	Ave. Price/SF 4th Qrtr 2010	Ave. Price/SF 4th Qrtr 2009	3-Year Ave. Price/SF
C Store	331	211	296	$187	$223
Service Station	464	439	436	$367	$400
Bars	108	113	113	$82	$101
Drug Store	142	90	319	$290	$311
Fast Food	323	263	324	$296	$325
Car Wash	126	103	160	$148	$197
Banks	194	168	218	$210	$239
Restaurant	774	648	161	$156	$177
Auto Repair Shops	500	409	100	$105	$125
Auto Dealerships	303	239	106	$121	$133

US REAL ESTATE PERFORMANCE IS...UP ! ! ! !

2011-03-21T17:31:00.000-07:00

Performance by Sectors

NOW is the TIME TO BUY..... more info at this link...

http://www.finfacts.ie/irishfinancenews/article_1021872.shtml

GREENSPAN SAYS FEDS R PROBLEM...

2011-03-17T15:26:00.000-07:00

But Greenspan goes further in his criticism of government intervention, also blaming housing programs for having delayed and prolonged foreclosures. He said such efforts have created uncertainty about when the housing market will hit rock bottom, at which point speculators can rush in and start buying up houses.

From Chris McLaughlin's site at....

http://www.smartrealestatenews.com/

This concept for a cantilevered house on water is from architects Jedrzej Lewandowski and Lukasz Skirzynski.

After researching yacht architecture, the pair came up with the idea for a self-sufficient 2 family home that includes an integrated floating dock (rises and falls with tide levels), desalination water treatment, and tidal and solar energy generators.

Thank You, Larry

RISK.......

2011-03-15T12:58:00.000-07:00

“Only those who risk going too far can possibly find out how far one can

go........

T.S. Eliot

A great quote I came across while checking out Roland Hopkins new book titled...

Selling Yourself & Your Ideas.

Larry Tutino, Founder of Blog

TSUNAMI !!!!!!

2011-03-11T13:00:00.000-08:00

We care about our neighbors around the world !!!

What can we do to help ????

The past sadness and anger of war (Pearl Harbor) is forgiven.....

http://www.youtube.com/watch?v=Cfp2dOAIYho

http://www.youtube.com/watch?v=4coi8rgULZ4

I personally can't wait to lend my support.....

Larry, Blog Founder

COMMERCIAL SALES SURGE !!!

2011-03-03T15:06:00.000-08:00

Transactions surged over the past year as the economy began to recover and low interest ratesmade it cheaper for REITs and private-equity buyers to acquire office, retail, industrial, apartment and health-care properties. Completed acquisitions by U.S. REITs more than tripled to $24 billion in the 12 months through the end of February compared with the previous year, according to data compiled by Bloomberg. Fasulo said he “wouldn’t be surprised” if U.S. commercial property purchases double in 2011 from almost $140 billion in 2010.

U.S. commercial property purchases may double this year as confidence builds among investors with access to credit and equity that values will rebound.

Blackstone Group LP’s planned $9.4 billion purchase of U.S. shopping centers and Ventas Inc.’s proposed $5.7 billion buyout of a health-care real estate investment trust, one of two multi- billion dollar health care REIT deals announced yesterday, may mean a wave of commercial real estate acquisitions is coming as buyers regain confidence in the market.

I found this info on Jeff Lindahl's site at... www.rementor.com 781-878-7114

Thank You, Larry

ROLLS ROYCE Electric Car ???

2011-03-03T14:42:00.000-08:00

Go to this link below for a short video about their new ride..... SWEET!

http://www.linkedin.com/news?viewArticle=&articleID=397127381&gid=2203525&type=news&item=397127381&articleURL=http://www.bbc.co.uk/go/rss/int/news/-/news/business-12607624&urlhash=qdJ_&goback=.gde_2203525_news_397127381

Luxury car maker Rolls Royce is displaying a one-off battery powered electric vehicle - it is dubbed the Phantom Experimental Electric.

According to a company statement, ‘Rolls-Royce Motor Cars today confirmed the development of 102EX, a one-off, fully electric powered Phantom, to debut at the Geneva Motor Show on 1 March 2011.’

This is still a real estate Blog. But, this is what smart real estate investing gets you!! Larry, Founder of this Blog

Muira

2011-02-27T00:14:00.000-08:00

Way back in 1965 Mr. Lamborghini let his smart boys make whatever they wanted. 3 of em named Gian Paolo Dallara, Paolo Stanzani, and Bob Wallace and Marcelo Gandini.

If you ever wondered what cars in Heaven would be like???

Here it is!!!!!

After you have finished drooling, you can go to this link....http://en.wikipedia.org/wiki/Lamborghini_Miura#2006_Miura_concept

Another favorite of the Blog owner.

We LOVE Nice CARS at this Blog

2011-02-26T19:47:00.000-08:00

The Corvette Stingray Concept was featured in Transformers 2: Revenge of the Fallen and then unveiled at the 2009 Chicago Auto Show. However that was a coupe model which is like the vehicle spotted in Beverly Hills recently. Of course, Beverly Hills had the chance to see a Speedster version of the 50th Anniversary Corvette Stingray Concept parked in the area. And since GM has said absolutely nothing about a Speedster version we can only assume that this is the work of a tuning firm.

Compared to the standard Stingray concept, the Speedster version features – besides missing the top – a different hood with dual openings in the front, no LED vertical headlights – a more conventional lighting system appears tucked into the front recesses, different wheels, and a different front grille.

NO COMMENT........Well maybe just 1.........

BAD BOY !!!!

REITs outperform STOCKs again !!!!

2011-02-25T22:10:00.000-08:00

The National Association of Real Estate Investment Trusts says the FTSE NAREIT All REITs Index of US companies posted a 3.64% total return in January, better than the S&P 500 at a 2.37% total return and beating the NASDAQ Composite, which was up only 1.78% for the month.

More info at.... http://www.linkedin.com/news?viewArticle=&articleID=390211573&gid=2718314&type=news&item=390211573&articleURL=http://www.globest.com/news/1857_1857/newyork/307359-1.html&urlhash=MsWX&goback=.gde_2718314_news_390211573

____________________________________

Green Street has a strong record with its recommendations. Its Buy-rated stocks have generated a 25.2% annual return since 1993, versus 10.9% for all the stocks in its universe, and its Sells have gone down 1.8%. Real-estate investment trusts have been strong performers, continuing a recovery that began in early 2009. Through Wednesday, the MSCI U.S. REIT index was up 20% this year.

More info at ...http://online.barrons.com/article/SB50001424052970204743004575622590559070962.html#articleTabs_panel_article%3D1

Remember back on Nov. 8. 2010,,,,,I had a Blog about the tremendous growth in the Real Estate Investment Trusts.

It seems that this is the BEST Asset to INVEST IN.....

Thanks from Larry, Blog writer.

MULTI-FAMILY Building INCREASES

2011-02-16T20:25:00.000-08:00

WASHINGTON, D.C. - February 16, 2011 - (RealEstateRama) — Nationwide housing starts rose 14.6 percent to a seasonally adjusted annual rate of 596,000 units in January, according to figures released by the U.S. Commerce Department today. The gain was entirely due to a 77.7 percent increase in the multifamily sector, where significant month-to-month swings in activity are not unusual and where new building has been below expectations for the past several months. Meanwhile, single-family housing starts remained virtually flat for the month, with a 1.0 percent decline.

See the Link below for more.....

http://www.linkedin.com/news?viewArticle=&articleID=375082070&gid=106811&type=news&item=375082070&articleURL=http://www.realestaterama.com/2011/02/16/multifamily-construction-boosts-housing-starts-in-january-ID08659.html&urlhash=Fu9j&goback=.gde_106811_news_375082070

Just like in the 70s & 80s when Single Family Housing slowed down there will always be more Multi-family.

Multifamily Construction Boosts Housing Starts in January

CELL PHONES ARE USED FOR ??????

2011-02-08T17:01:00.000-08:00

This information will Blow Your Mind!!!!!!

We use our Cell Phones wayyyyyyyyyyyy more than you thought.

In fact, if you are wondering how to get more exposure

for your business, check this out.

http://www.onlineitdegree.com/cell-phone-usage/

WHO GETS THE MORTGAGE $$$$$$ ??

2011-02-07T11:16:00.000-08:00

MBA - 2010 ranking of servicers

The Mortgage Bankers Association's (MBA) year-end ranking of commercial and multifamily mortgage servicers as of the end of December 31, 2010 was released yesterday. On top of the list of firms is Wells Fargo with $451.1 billion in US master and primary servicing, followed by PNC Real Estate/Midland Loan Services with $337.4 billion, Berkadia Commercial Mortgage with $194.9 billion, Bank of America Merrill Lynch with $126.6 billion, and KeyBank Real Estate Capital with $118.9 billion. Specific breakouts in the report include:

- Total US Master and Primary Servicing Volume
- US Commercial Mortgage-backed Securities (CMBS), Collateralized Debt Obligations (CDOs) and Other Asset-Backed Securities (ABS) Master and Primary Servicing Volume
- US Commercial Banks and Savings Institution Volume
- US Credit Company, Pension Funds, REITs, and Investment Funds Volume
- Fannie Mae and Freddie Mac Servicing Volume
- Federal Housing Administration (FHA) Servicing Volume
- US Life Company Servicing Volume
- US Warehouse Volume
- US Other Investor Volume
- US CMBS Named Special Servicing Volume
- Total Non-US Master and Primary Servicing Volume

A primary servicer is generally responsible for collecting loan payments from borrowers, performing property inspections and other property-related activities. A master servicer is typically responsible for collecting cash and data from primary servicers and then providing that cash and data, through trustees, to investors. Unless otherwise noted, MBA tabulations that combine different roles do not double-count loans for which a single servicer performs multiple roles.

Wells Fargo, PNC/Midland, Berkadia, Bank of America Merrill Lynch and KeyBank are the largest master and primary servicers of commercial/multifamily loans in US CMBS, CDO and other ABS; PNC/Midland, GEMSA Loan Services, Prudential Asset Resources, Northwestern Mutual, and Northmarq Capital are the largest servicers for life companies; PNC/Midland, Wells Fargo, Berkadia, Deutsche Bank Commercial Real Estate and Prudential Asset Resources are the largest Fannie Mae/Freddie Mac servicers. PNC/Midland ranks as the top master and primary servicer of commercial bank and savings institution loans; GEMSA the top credit company, pension funds, REITs, and investment funds servicer; PNC/Midland the top FHA and Ginnie Mae servicer; Wells Fargo the top for mortgages in warehouse facilities; and Berkadia the top for other investor type loans.

This info was provided by,,,,,Smart Real Estate News & Commentary by Chris McLaughlin February 7, 2011

Thanks to Chris for educating us, LarryTutino. Blog Founder