Real Estate Investing Links for Feburary 17, 2010

“U.S. Foreclosure Activity Decreases 10% in January”

RealtyTrac has released a report that 1 in every 409 U.S. homes were listed as new foreclosures last month. The resounding message in the study was “down but still up,” meaning that for factors such as default notices and foreclosure auctions, numbers were down from the previous month but remain up from previous years. However, if patterns repeat themselves, the numbers are expected to rise once more within the next few months.

“How Rising Consumer Sentiment Is Linked To Higher Home Prices”

Jack Sternberg of the Bryan Ellis Blog, asserts that at the end of the recession, “returning business investment,” increased household spending, and strengthened financial systems result in the increased confidence of homebuyers. Countering this trend are continuing job losses- severe impediments to economic growth and consumer confidence. As a result of these factors, increased prices of homes are expected as well as “higher mortgage rates.”

“Why Investors Get a Bad Rap in the Current Real Estate Market”

The Real Estate Investor Coach emphasizes “professional credibility” as the key to success for a real estate investor. His explanation of credibility as a blend of trustworthiness and expertise complements the Lifestyles’ principle of “best product, best price.” He provides several quotes and adages to convey this message, such as “be real, every deal”- a practice he believes will build long term objective and subjective credibility.

“Learning to Buy a Real Estate Foreclosure”

The Real Trader highlights some quick foreclosure basics and then goes on to evaluate the benefits of purchasing a recently foreclosed on property for all involved- including not only discounted prices, but possibly other mortgage perks for the buyer. Author Wade Robins also discusses the differences between purchasing foreclosures and pre-foreclosures.

“Distressed Homeowners Get Temporary Reprieve”

MSNBC reports on a deal Citigroup recently made with distressed homeowners that will allow them to remain in their homes for 6 months- provided they “turn over the deed to their property.” The program, Foreclosure Alternatives, will be made available to 1,000 homeowners in several states, including Texas, before it will be made available nationwide. The intent of the program is to lessen the impact of foreclosure on the homeowner’s credit score.

“A Simple Way to Start Real Estate Investing Without Money Down”

The Real Estate Investing Blog expands on the concept that to invest in real estate it is not necessary to have large amounts of money, or even great credit. He proposes “bird dogging” as a way to get started in real estate investing. He claims that with interpersonal skills and a “knack for properties,” beginning investors can find deals and convince other investors to put up money for them.

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