It all depends on where you are right now in real estate, and whether you recognize the signs of the cycle bottoming out in some of the once-most distressed local markets.
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Real Estate Outlook: Sales Jump in Ailing Markets
Is the “bigger is better” mentality fading in terms of real estate? Are the days of McMansions coming to an end? Well, it seems for some homeowners it is. There’s a new movement out there that’s creating quite a buzz among environmentalist and folks seeking a simpler life. It’s called the Small House Movement and it might just be the next small thing.
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The Small House Movement
Amid stories of personal financial hardship, Statistics Canada reported that, in the third quarter of 2008, Canadian corporations earned CAD$77.3 billion in operating profits, an increase of almost 8 percent over the second quarter. Gains in the non-financial sector climbed more than 9 percent to CAD$58.1 billion, while profits in the financial sector rose significantly to CAD$19.2 billion.
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Adopt the “Forge Ahead to Prosperity” Attitude Essential in Business
Modifying the mortgage terms of delinquent homeowners is one of the most debated concepts in Washington right now.
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Washington Report: Modifying Loan Terms
The biggest financial fear about so-called “1031 TIC” real estate investment deals appears to be turning into reality: One of the largest “tenants in common” or “TIC” firms — with 8,300 individual investors and office and retail properties valued at $2.4 billion — has filed for Chapter 11 bankruptcy protection.
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Investor Report: 1031 TIC Bankruptcy
Any business observer who believes U.S. manufacturing is dead in America only needs to visit the Elmira, New York area in Chemung County to find it in thriving existence. Top employers in the area have prevented the region from plunging economically like many other areas, shoring up housing prices in a town that manufactures everything from flat-screen monitors to railroad equipment to unmanned aircraft.
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Hot Market: Elmira, NY — Stable Economy, Moving Prices
Upgrading kitchens is one of the best ways to increase value in your home. Deciding to remodel the kitchen using green recycled materials can add extra appeal. It also gives homeowners a good feeling knowing that once-wasted materials that are generated from glass manufacturers are now being put to good use.
Green Counter Tops Tell An Eco-Friendly Story
The real estate sales business, like all other businesses in the world, is in a techno-revolution. The new technology in the world has created tremendous changes and growth in our industry. Agents and companies are dramatically changing the way they do business to take advantage of this vast new frontier. And technology is moving at a faster rate everyday. As an Agent, you must prepare and learn to capitalize on this revolution.
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Techno-Selling
[Note: To follow is an excerpt of an interview with Elliott Eisenberg, senior economist of the National Association of Homebuilders in Washington, DC, and Michael Anderson, Managing Member and Founder of Salt Lake City-based RealSource, a leader in multifamily research and tenant in common deals [www.realsource.net/bestoftimes]. To listen to the show archive or download an MP3, go to www.IncomePropertyInvestmentTalk.com/110508.]
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These Are the ‘Best of Times’ for Multifamily TIC Providers and Investors: Part II
McGraw-Hill Construction, a part of The McGraw-Hill Companies, in partnership with the National Association of Home Builders (NAHB) National Green Building Program, released the full update to its 2006 study with 2008 green home building data. The new SmartMarket
While conflict is inevitable in homeowner associations, we do have choices about how we are going to deal with it. When handled in a constructive manner conflict can be a catalyst for new awareness, new understanding, creative solutions and enhanced relationships.
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Living in HOA Harmony
Here’s a key question about the current market: Do you look at home prices to figure out where we are in the real estate recovery cycle, or do you focus on sales?
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Real Estate Outlook: Sales Picking Up Tempo
If you’re concerned about the downturn in the Canadian real estate market, Michael Polzler, regional director and executive vice-president of Re/Max Ontario-Atlantic Canada, has some advice for you: “Stop reading newspapers and stop watching TV. The market hasn’t really slowed that much. We’ve gone from going 150 mph to 120. It feels slow, but it’s still a very healthy market.”
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Canadians, Relax: No ‘U.S.-Style’ Housing Bust
In uncertain times such as these, many families find themselves frazzled by the stresses and pressures of everyday life. The one place where people should feel most at peace is in their home.
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Embracing Feng Shui at Home
