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.   

How to be SUCCESSFUL ...

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


Vidal Sassoon

HOUSING Markets _ BEST Recovery bets

 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

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

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

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

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

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

FEWER FORECLOSURES in Last Quarter....

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

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