Market update

Hello,

I've been too long in posting, but got sidetracked with illness of my brother, who is a stroke victim--he fell and broke his foot, and his recovery has been very difficult for him and us!

But, am glad to say that now, finally, he has been given the go ahead to use that foot to walk on again, and so he's back in physical therapy, learning to use that paralyzed side. Not easy!

The market still is flooded with foreclosed properties, and yet more to come. I'm member of a real estate investor group,-- the leader of the forum is out of Dallas, Tx, and she subscribes to a publication that goes to all REO managers for banks. The word in the latest publication is that REOs are not going to peak until 2009,-- late in that year,... so that means, we still have at least a year to go!! So, if you are looking for bargains, be aware that the market still may have some way to fall yet, and those calculations should be included in your offering price.
Call me if you want more details on this information!
Have a great week!

I'm being interviewed on radio!

This is exciting news for me! I recently met with the" Creativity Doctor" who has his home up for sale, and he and I were discussing all manner of things from the current real estate market to his story of how he 'visualized' himself already occupying his current home, before he actually owned it!--well, that story opened up a different line of discussion on how we attract what we want (and what we don't want) into our lives, the role of attitude in living our lives, etc....anyway, long story short, I'm going to be an interviewee on his radio show.

Will be sure to post the link here when I actually have it up on line. Could be a lively discussion! In fact, this might be turned into part of a book he's writing--it's not on line yet, but should be soon--"Open your i's:10 Steps to Unleashing Your Inner Creative Power"--when available, should be able to get it at www.neiltepper.com.

I'll post when this interview is supposed to air!

There's definitely an uptick in real estate activity, since tax due date has come and gone. It's a GREAT time to buy!

Today's News

Hope everyone had a wonderful Easter Holiday weekend. The weather here in ATL was BEAUTY-FUL! Today, Wall Street will get housing numbers, so watch to see the impact of those numbers on the stock market and the bond market...we're still waiting to feel the impact of the Federal Reserve's slashing rates and injecting more $$ into the credit markets.

Regardless of what the figures are today, for most folks, buying a home will be determined by down payment and monthly payment.

Lenders are still tightening credit standards, as the foreclosures haven't hit bottom. So, if you're in the market for a home, please get pre-approved ASAP! so you don't have to deal with disappoint news down the road.

I've added an rss feed from Bankrate.com to this blog, to help figure out current rates.
Would love to get your feedback.
Have a magnificent week!

Market UpDate

Wow, this has been a volatile week, with oil pricing getting over $103 a barrel and home sales falling across the country. Atlanta hasn't had the huge price run ups that other parts of the country had, so, hopefully, pricing won't fall as much as those part of the USA.
Here's a link to current market conditions:http://realtytimes.com/112/RuthSprinkle.
Spring is finally bursting out here, with today's temps in the high 60's! Very Welcome!

Motivated sellers!

We have several new listings, most are pre foreclosures, all over metro Atlanta area. All are single family homes. Some are vacant. All want offers, so, if you have any interest, or need more information, please contact me! 404-252-4895

New Opportunities

With every crisis, there is opportunity, wise eastern minds would say. So, where is the opportunity in this current subprime /real estate crisis? An obvious one is to buy foreclosures, but how do you know what is really below- market pricing, when the prices are falling?Have you thought of finding rental homes for those folks who no longer can afford the home they'd purchased?...Or, what about lending money for folks who want to purchase, but can't jump through all the current lending hoops? Most of the media attention is on residential real estate, but there is plenty of opportunity in raw land or in acquiring building lots from builders who no longer can carry vacant lots on their books while they wait for the economy to improve.
Where do you see the opportunity? I'd love to hear what folks are doing out there., and where you see the current opportunity.
We currently have some short sales and pre- foreclosures that might work either for first time buyers or investors. Check out the web site: www.soldbyruth.com. for more details.

Mortgage rates are lowest in three years!

Now is a Great time to buy a home! Rates are low, and I think, going lower, and there's lots of inventory!...and, with the stock market up one day and down the next, real estate is starting to look better and better. As a buyer of real estate, this is your year!

House Revenue

Hey, investors,

This is to those real estate investors who still BELIEVE in the value of owning real estate (because a lot of folks have gotten out of the business!). This is the Most Opportune time to invest, yes, right now, while everyone is saying how terrible the market is!...But, I'm not saying that you can go out and buy just anything right now;you do have to be smart.
There is a seminar coming up in April, www.RealEstateDays.com, that I know of, am not a sponsor of, but would be a good place to start and educate yourself.
Check it out!