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.   

MORE Financing Options NEDED..

"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

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

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

“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

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

U.S. Top Spot for Foreign Buyers

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.

Read more at... http://realtytimes.com/rtpages/20110519_invest.htm

Thanks Carla for sharing.

IS THERE A HOLE IN YOUR HEAD ????

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

INVESTORS SAVING US !!!

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

IMF points Finger at USA......

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....

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

We LOVE Nice CARS at this Blog

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 !!!!

NEW RESIDENTIAL LOTS NEEDED????

NO !! We clearly have enough residential lots available to last a year or two.

John Burns, an analyst I respect and trust and have read for over 3 years has this to say.
Just click on the link below for an eyefull.......

http://campaign.r20.constantcontact.com/render?llr=t6qceacab&v=001_7pdtf0NbxOP2QisbbIL2DnK57kYXX2FqByDxMhf0jh4zI1JTAr_BWAn0LyHaPjiWLgtx21JqlY6-sBCzeEBIRtBRWK3zt2Bzw3_DvIhLmSuI7lzQM0n5FTM__uWRXAaUEIR4iW7LsqZgG5A-GOhk8euCdZQoS-b4cqdXPgM_L_PliFJJHbQh2050uAD2qidLJRUhqwlny53D9gIkvkMATxWHh8CZjbfB_MydVbUAp5EJHcjp4fr-Q%3D%3D

Many thanks to John,

Yours truly, Larry Founder of this Blog

DAD'S BEAUTIFUL PROPERTY FOR SALE !!!

Oh my gosh!! This home and property is gorgeous!!


Check out this sweet pond.

Swimming anyone??










How about a HUGE home ??


Plenty of rooms and space !!








This is Dad's one of a kind home. Sweeping view of the Thorpe Valley. 4 minutes up the road is DNR land that goes forever. Are you a hunter or horserider. PERFECT for you.

email me anytime for more info......thanks, Larry Blog Founder

sellorbuyland@gmail.com

WE STILL WANNA BUY HOMES.....

NEW YORK (CNNMoney.com) -- The American Dream is still alive and kicking, including within immigrant and minority communities, according to a survey from mortgage giant Fannie Mae.

To read more, click on the link below.......

http://www.linkedin.com/news?viewArticle=&articleID=295244850&gid=106811&type=member&item=38341005&articleURL=http://money.cnn.com/2010/12/16/real_estate/homeownership_desire_high/index.htm&urlhash=2mYS&goback=.gde_106811_member_38341005

We all want a home, even after all the tough times.

Thank You, Larry

REDUCTION OF PROPERTY TAXES ????

As I expected, thousands of property owners (residential, commercial, even churches) are requesting hearings & reviews of their tax assessments. Who can blame them? Considering how much values have dropped in the last 2 years.

Read on.....

The backlog of cases from taxpayers seeking to lower property-tax bills of more than $100,000 shot up to 14,236 this year from an annual average of about 6,000 during the past decade. The backlog of smaller claims was at 28,558 at the end of September, eight times higher than a decade ago, according to records at the tribunal, a Lansing-based administrative court.

Go to this link for more.....

http://www.linkedin.com/news?viewArticle=&articleID=301170630&gid=106811&type=member&item=38214115&articleURL=http://www.bloomberg.com/news/2010-12-08/plunging-home-prices-fuel-property-tax-appeals-swamping-u-s-cities-towns.html&urlhash=8VEi&goback=.gde_106811_member_38214115

To contact the reporters on this story: Jeff Green in Southfield, Michigan, atjgreen16@bloomberg.net; Tim Jones in Chicago at tjones58@bloomberg.net.

Thank You, Larry

POSSIBLE SHORT SALE BLUES ??

Here is some very important info for Sellers and RE Agents regarding Short Sales!! From a sharp attorney I know.

Dear Larry,

I have been a part of the Joint Task Force between the Department of Financial Institutions (DFI) and the Washington State Department of Licensing (DOL) and after months of meetings we have created and provided two Guides for Real Estate Professionals working with Short Sales & Distressed Properties.

Please find attached copies of both important pieces so that you can review them, and see how they apply to your practice. If you have any questions on either piece, please don’t hesitate to call.

Regards,

Ed McFerran
Attorney At Law
McFerran, Burns & Stovall, PS
253.471.1200
www.mbs-law.com

2 attachments — Download all attachments

SHORT SALE GUIDANCE.PDF 322K View Download

SHORT SALE SELLER CONSUMER ADVISORY.PDF 198K View Download

REITs are POISED TO MAKE BIG $$$DOLLARS$$$

Bad news for private real estate investors is good news, though, for investors in
publicly traded REITs.

To read more, click on this link:
http://seekingalpha.com/article/235337-bad-news-for-private-real-estate-investors-is-good-news-for-reits?source=feed

About the author: Brad Case

Brad Case, Ph.D., CAIA is Vice President, Research & Industry Information for NAREIT, the National Association of Real Estate Investment Trusts (www.reit.com). Dr. Case has been researching commercial and residential real estate markets for more than 21 years and has published articles.

BIG MONEY TO LEND !!!!!

According to LoopNet, this REIT has over a billion dollars to lend.
SL Green Realty Corp. is a publicly held real estate investment trust that acquires, owns, repositions and manages Manhattan office properties.

Please click on this link: http://slgreen.com/

I would definately give them a call if you have a big real estate idea in the
Northeastern United States,
Larry