Home Sales in Pierce County, WA

A Real Estate Agent and friend had this graph on his site at....
     http://www.johnlscott.com/agentdetail.aspx?UA=1&ic=200000821

thanks Steve,   Larry

Bernanke Calls For Nationwide REO Rental Program

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.

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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.   

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

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!

NO JOKE..REITs CRUSH STOCK MARKET AGAIN

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.

Read more about this at ....http://oakstonecompany.wordpress.com/2011/07/11/reits-beat-stock-indexes-but-falling-short-on-values/

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

Many thanks from Blog Founder, Larry Tutino

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

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

MULTI-FAMILY DOING GREAT !!!

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

PENDING HOME SALES...UP, UP, UP

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 !!!

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.

Read more at... http://www.costar.com/News/Article/Investors-Returning-To-Retail-Single-Building-by-Single-Building/127388

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

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

Performance by Sectors

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

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

ROLLS ROYCE Electric Car ???

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

REITs outperform STOCKs again !!!!

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

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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.

THE BEST STOCK TO BUY NOW ??

This very smart Author (in my opinion) says........

I think homebuilder stocks may be one of the best buys of the next decade. Buy them now and put them away. If they go lower, buy more.There, I said it. Now, you can either laugh at me or listen to my simple explanation. The choice is yours.

Here is the link for the full story.....

http://seekingalpha.com/article/241088-homebuilders-perhaps-one-of-the-best-buys-of-the-decade

About the author: Jeffry Chmielewski

Former portfolio manager of a $400mm hedge fund. Currently a private investor. BS in Mathematics from the University of Michigan.

Thank you, Larry

INVEST IN THE STOCK MARKET ???????

If you want to invest in real estate but usually put your money into the stock market, then you need to see this list. Here are the "Top Mutual Funds that invest in real estate".

Just click on the link below:

http://www.zacks.com/stock/news/40992/Top+5+Real+Estate+Mutual+Funds