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Archives for February 2013

Housing: Is It Becoming a Seller's Market?

February 25, 2013 by Marco Santarelli

The National Association of Realtors said on Thursday what home buyers and real estate investors in many parts of the United States have known for months: it’s becoming a seller’s market.

The number of homes listed for sale in January fell by 4.9%, leaving 1.74 million properties on the market. That’s the lowest since December of 1999, when there were 1.71 million homes on the market. By contrast, there were 2.91 million homes on the market two years ago at this time.

After adjusting for seasonal factors, home sales rose by just 0.4% in January, to an annual rate of 4.92 million units. Still, that’s up from 9.1% one year ago.

[Read more…]

Filed Under: Economy, Growth Markets, Housing Market, Real Estate Investing Tagged With: Economy, Housing Market, Real Estate Economics, Real Estate Investing, Seller's Market

My Tenant Stopped Paying the Rent – What Can I Do?

February 11, 2013 by Marco Santarelli

Non-payment of rent is a serious problem. It is one of those predicaments that places the landlord in a difficult situation. Moral and ethical values are often challenged by the need to collect the rent. If your only two choices are to evict a family that has fallen on hard times, or to go weeks or months without getting paid, the right choice isn't always obvious. Most landlords have a conscience and genuinely care about the safety and well-being of their tenants. So the challenge is finding a solution that works out well for your tenant, as well as for your bottom line.

[Read more…]

Filed Under: Property Management, Real Estate Investing Tagged With: Property Management, Real Estate Investing, Tenants

5 Tips to Reduce Your Property Tax Assessment

February 4, 2013 by Marco Santarelli

Investing in income producing property can be the single-most rewarding aspect of getting into real estate. Yet, it also comes with some significant responsibilities including mortgages, maintenance and property taxes. In some cases, annual property taxes can be astronomical for high dollar value properties and regions where the housing market is popular. Additionally, there are some regions where property tax assessments are not handled well, leaving real estate investors and home owners paying far more than the properties are actually worth.

The good news is that there are some ways to reduce your property tax assessment significantly, to offset the costs of ownership. Learn how to deal with property tax assessments the smart way, and reduce their impact on your bottom line.

[Read more…]

Filed Under: Real Estate Investing, Real Estate Investments, Taxes Tagged With: Property Tax, Property Taxes, Real Estate Investing, Real Estate Market, Tax Assessment

National Economic Outlook (February 2013)

February 1, 2013 by Marco Santarelli

Home construction rarely matches the actual demand for new homes, which can change quickly – there's often too much or too little. Because the US population grows one percent per year about 1.5 million new homes are needed every year. During the boom of the mid-2000s, two million homes were built per year; at the bottom of the bust, that number was 600,000.

In 2012, construction was up to 800,000 homes. This is a clear indicator that demand is even higher and will continue higher for years. Home prices will be rising even when more construction takes place. The economic effect is self-reinforcing because most of the cost of building a new home is in the wages paid to the workers, who in turn can afford a better home for themselves or spend money on cars and other stuff.

[Read more…]

Filed Under: Economy, Housing Market, Real Estate Investing Tagged With: Economy, Housing Market, Real Estate Economics, Real Estate Investing, Real Estate Market, US economy

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