Archives for November 2008

What You Should Know About HUD Properties

by

imageHUD properties are available all over the United States, and make great investments for anybody that is interested. These homes often get a bad rap for being in bad condition, but in all actuality they are not any worse than other foreclosed homes that are available. Just like anything else, there are some HUD properties that are in good condition, and some that are in need of repairs. It is simply a matter of how well the past owner cared for the home.

HUD properties are homes that had loans which were insured by the Department of Housing and Urban Development (HUD). But when the owner fails to live up to the financial obligations that are expected, the bank then takes over the home and it becomes an HUD property. At this point, the Department of Housing and Urban Development is in charge of repaying the lender any money that they lost on the deal. So as you can see, the Department of Housing and Urban Development sticks their neck on the line when they insure the loans on these homes; if the owner doesn’t pay, they are stuck with owing money to the lender.

[Read more…]

Top 10 Labor Markets in the Country

by

Bizjournals recently analyzed private-sector employment patterns in America’s major metropolitan areas using data from the past five years. Using a nine-part formula, with data compiled since 2003 by the U.S. Bureau of Labor Statistics, they analyzed employment trends in the nation’s 100 largest labor markets.

According to the report, these are the top 10 labor markets in the country:

  1. Houston, TX
  2. Austin, TX
  3. Dallas-Fort Worth, TX
  4. Raleigh, N.C.
  5. Seattle, WA
  6. San Antonio, TX
  7. Charlotte, NC
  8. Oklahoma City, OK
  9. Durham, N.C.
  10. Salt Lake City, UT

It’s interesting to note that Texas has four of the hottest jobs markets in the country.

And once again, last place belongs to Detroit which has ranked as the coldest job market in America for the past two years. The biggest problem remains Detroit's heavy reliance on domestic automakers, resulting in a loss of 30,800 jobs since mid-2007.

New Ocean Springs Duplexes: $73,000 Equity

by

We just announced our latest real estate investment opportunity located in Ocean Springs, Mississippi.  (Ocean Springs Investment Duplexes)

This one happens to be very unique because of the Small Rental Assistance Program (SRAP).  The SRAP program can provide you $73,000 of free government money to purchase your real estate investment.  With this investment you end up gaining over $73,000 of instant equity!  What better way to quickly increase your net worth.

Visit our website and download the free Research Report for complete details, or just click here:  Ocean Springs Investment Duplexes.

What Drives the Real Estate Market?

by

People.

The U.S. Census indicates that our population is increasing by approximately three million people each year. All those people will need a place to live, work and shop. So there will continue to be demand for housing and that growth will continue to provide opportunities for real estate investors.

The primary factor driving real estate appreciation is migration. When you have more people moving into an area than those moving out (or passing away), you drive up demand which will ultimately increase home values.

But what drives migration?

Jobs! The largest determinant of migration is job growth. People go where the jobs are, and retailers go where the people are.
Demand for housing will continue, the question is where?

Even though U.S. job growth has been down recently, Norada’s goal is to find where job growth is up. So we begin by identifying markets with solid job growth and narrow our focus to neighborhoods that provide solid real estate investment opportunities.