Norada Real Estate Investments

The Phoenix Housing Market Shortage And Crisis

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Phoenix Arizona Housing CrisisPhoenix Arizona Housing Market Crisis

A Phoenix property with 95 bids is just one example of a housing market entering a new and unprecedented phase. Experts with Arizona State University's School of Business say the city is heading for a significant housing shortage.

Long gone are the days when the Phoenix metro was riddled with available, well-built single-family homes in the wake of the 2008 housing market bust.

Five years after the crash, the desert metro is facing lagging home construction, predictions of population growth and rising land prices, according to real estate experts with ASU.

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Home Values and Rents

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The April Zillow Real Estate Market Reports cover 365 metropolitan and micropolitan areas. In April, 2012 (55%) of the 365 markets showed monthly home value appreciation, and 266 (73%) of the 365 markets saw annual home value appreciation.

Among the top 30 metros, 27 of them experienced monthly home value appreciation, and 29 of them experienced annual increases with only Chicago (0.2% down) showing declining home values over the past year. Leading the pack in positive monthly appreciation were Sacramento, Las Vegas, San Jose and San Francisco, which experienced 3.4%, 3%, 2.8% and 2.8% monthly home value appreciation, respectively.

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20 Best Markets for Buying Single Family Rentals

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Best-of-the-BestWhile buying single family rental properties has become the darling investment strategy of Wall Street, it may not always make sense for individual real estate investors — particularly in some markets already picked over by the large institutional investors. But there are still markets where the numbers work for the conservative, individual investor looking to purchase foreclosures and other homes as single family investment properties.

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California Housing Market Trends And Forecast

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California Housing Market News

California is a huge state and there are various market currents flowing throughout its regions, but at the moment, there are some quite similar trends happening in both Northern and Southern California. Both sections of the state are largely being driven by an increase in demand coupled with a dearth of single family homes, resulting in strong increase in prices throughout the state.

From 2008 to 2011, housing construction was at the lowest level that it had been in years. In 2005, 209,000 permits were issued for new housing units, compared to a low of fewer than 50,000 in 2008. California’s housing market is characterized by its cycles, and this one is operating along the same lines as previous ones, even if it is more pronounced than others. Part of the reason that California’s market is so volatile is because it is typically in the vanguard of trends and change in the United States, which is reflected in the housing market.

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Wealthy Holding on to Cash

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OB-MR637_reynol_D_20110222162515[1]Today's wealthy investors seem to have split personalities. Part of them is brimming with confidence and optimism. Survey after survey shows that they are back to pre-crisis boom years when it comes to their outlook for their own finances, their investments and their retirements. Then there is the darker side.

When it comes to their outlook on the broader economy or in stock markets, they take a dimmer view. This contrast was on view in a recent survey from US Trust.

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FAQ on Investing in Tax Liens and Deeds

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Which States is the best to invest in?
The best State to invest depends upon your goals. If you are interested in a return on your investment than a Lien State is the way you want to go. Iowa is a great Lien State to invest in because it currently pays 24% interest with a 2-year redemption period. If you are more interested in trying to acquire property, a Deed State is the best choice. Texas is possibly the best Deed State to invest in with a 6-month or a 2-year redemption period. To redeem property in Texas the owner must pay a 25% penalty, which you as the investor receive.

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Why "A" Students Work for "C" Students

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Why “A” Students Work for “C” StudentsAs a member of our Investor Network, you know that I am a big fan of Robert Kiyosaki's message and mission.

Robert is the best selling financial author in the history of the world.  And now he's released what he claims to be “the most important book I've ever written.“

The world's educational system is mass producing job seekers. But sadly, it isn't producing job creators. So it's no surprise there aren't enough jobs to go around.

Politicians may pander and point fingers, but the root cause of the problem needs to be identified and fixed.  That's what Robert is doing is this new book and you can be a part of the solution.

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Real Estate Investing with a Solo 401(k)

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The self-directed Solo 401k retirement plan offers powerful advantages for real estate investing. The Individual k or Solo 401k is an IRS-qualified retirement plan that has been simplified for the self-employed and small business owner. The structure of the plan gives participants more options than a traditional 401k. The Solo 401k’s investment capability, direct access, loan feature, and tax benefits make it the perfect vehicle for investing in real estate.

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California Counties Top The List In The US Foreclosure Statistics

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california foreclosure statisticsCalifornia Foreclosure Statistics

With Inland Empire foreclosures at pre-recession lows, Riverside County's foreclosure rate dropped to No. 21 statewide in April. A total 1,403 mortgage default notices, auction sale notices and bank repossessions were recorded in April, meaning 1 in 566 households was in some stage of foreclosure, according to Irvine-based RealtyTrac.

Of those, 45 were from Palm Desert, according to data provided by the organization to Palm Desert Patch. In Palm Desert:

  • One out of every 538 households received a foreclosure filing in April
  • That number was down by about 25% from March 2013, and down 55% from last April.
  • In April 2012, 100 households had been in default.

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New Record Low for Mortgage Loans (Again!)

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Long-term mortgage rates continued to move lower this week, with a 15-year fixed-rate mortgage falling to a record low for the second consecutive week.

The weekly rate report from Freddie Mac says 30-year fixed-rate mortgages averaged 3.35 percent in the week ending May 2, down from 3.4 percent last week. The average rate on a 30-year fixed rate loan is just above its all-time low of 3.31 percent set in November.

A 15-year fixed rate loan fell to an average of 2.56 percent, on par with average rates for both one-year and five-year adjustable-rate mortgages.

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Norada Real Estate Investments 30251 Golden Lantern, Suite E-261 Laguna Niguel, CA 92677

(949) 218-6668
(800) 611-3060
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