Posts Tagged ‘REO’Cirios Trends — June 2010In this month’s Cirios Trends: Finding Real Estate Opportunities, check out: The State of the Markets: June 8, 2010 Something isn’t adding up in the market for bank owned homes. Feature: How Much Should I Pay? Tips for buyers not interested in overpaying. Around the Bay: Local News Bites Goings on that move markets. Zip [...] The State of the Markets — June 8, 2010This post first appeared in the June edition of: Cirios Trends: Finding Real Estate Opportunities. There is no ambiguity about the goal of current US government policy when it comes to housing: Prevent home price depreciation at all cost. As such, this month’s State of the Markets was going to discuss shadow inventory, diving into [...] Cirios Trends — May 2010In this month’s Cirios Trends: In Search of Real Estate Opportunities, check out: The State of the Markets: May 5, 2010 Watching as the world wobbles. Feature: What’s in a CDO, anyway? Complex securities bite Goldman Sachs as the SEC closes in. Around the Bay: Local News Bites Goings on that move markets. Zip Code [...] Doing Your Real Estate Homework: RealtyTracWe have all heard the old saying “Don’t judge a book by its cover.” This also applies to real estate. Just like a house that looks great from the outside could be a money pit, don’t assume that just because a neighborhood isn’t littered with For Sale signs, foreclosure activity is low. RealtyTrac.com is one [...] House of the Week Results: How Much is that Condo in the Window?This property is one of the many, many, many small condos for sale in Orange County. Santa Ana is centrally located next to what used to be the center of mortgage lending in this country, which has quickly turned into the center of a whole bunch of unoccupied commercial space. All kidding aside, condos like [...] House of the Week Results: No Way San JoseThis week’s House of the Week redefines the term “over-listed.” While the house does have a number of things going for it — large living area, good curb appeal and a nice open layout, it’s just priced too high. But, like many sellers in the area, this one is yet to come to terms with [...] House of the Week Results: Paradise Found – Ocean BeachOcean Beach, or OB, is located just north of the Point Loma Naval Base in San Diego. OB is about as far from Laguna Beach as a Southern California beach town could be. It’s grungy, dirty — it’s awesome. Apart from the main beach, where crowded, competitive SoCal surf is personified both off the pier [...] Housing Perspective: January New Home SalesBy RYAN TAYLOR New homes sales reached record lows in January as transactions fell 10.2% from a month ago to seasonally adjusted annual rate of 309,000. This annual rate is the lowest in the history of the reading which the government started in 1963. The median sales price for new homes also fell by 9.9% [...] Housing Perspective: February Home Builder SentimentBy RYAN TAYLOR The National Association of Home Builders, or NAHB, released its confidence numbers for February this morning and the reading unexpectedly rose to 9, up from 8 in January. 8 is the lowest level the index has ever reached. This surprise increase is not exactly a reason to start popping champagne and celebrating [...] Do You Have a Friend in the Real Estate Business?By RYAN TAYLOR Friends are people you can trust. They will come pick you up when your car breaks down. They are there to pick you up when you are down and there to celebrate when something goes right. Friends are the most valuable thing you have. Friends do not try to hurt, deceive or [...] The Value of an REO, Part 2By RYAN TAYLOR In this two part series, Cirios’ Valuation Guru Ryan Taylor offers an insider’s look into the nuances of investing in foreclosed homes. Please click here for Part 1. As potential buyers embark on their search for a new home or a prospective investment, they are very likely to see at least one [...] The Value of an REOBy RYAN TAYLOR In this two part series, Cirios’ Valuation Guru Ryan Taylor offers an insider’s look into the nuances of investing in foreclosed homes. Please click here for Part 2. From Beverly Hills to Detroit, the term REO is quickly becoming part of our country’s vocabulary. REO, or Real Estate Owned, refers to a [...] Keepin’ It Real Estate: Chinese Investors Smell Blood in CaliforniaBy ANDREW JEFFERY This post first appeared on Minyanville. Speculators have been flocking to California for centuries. Gold, computers, absurd dot.com start-ups, real estate - if it’s an asset, it’s probably boomed and busted in the Golden State. The bursting of the latest bubble — real estate — is still in progress, as foreclosures push up [...] House of the Day Results: Swinging into StantonClick here for details on this House of the Day. Value: $350,000 Projection: Depreciating The subject property is located in Orange County, which is experiencing a slump in the local economy due to the collapse of the mortgage market. In addition, the subject should expect to see further declines in value because it has only [...] House of the Day Results: Stuck on StocktonClick here for details on this House of the Day Value: $120,000 Projection: Depreciating Stockton is arguably the most publicized declining real estate market in the United States. Foreclosure and REO (Real Estate Owner, or Bank Owned) activity is very high, and values have declined precipitously in the past 12 months. The subject’s neighborhood itself [...] |