Real Estate Today

How to Fix The Housing Market and the Economy

itstherealestateguy — Sun, 04 Dec 2011 16:20:54 +0000

Tired of seeing the foreclosed homes in your neighborhood? One way to handle the inventory of foreclosed homes is to offer incentives to buy up large blocks of foreclosure homes. Investors fix up areas. Get the government out of ownership of these homes. Government owned homes are not fixed and drive prices down. Make it easier on investors to buy the foreclosures and harder for the individual. If individual buyers are given incentives to buy owner occupied homes this will take up inventory and allow homeowners to sell and freeing them to move on to their next home. As the inventory of used homes goes down prices will go up and also spark a demand for new homes, creating jobs!!!

See the cycle here? If people can sell their homes, people are working, and the inventory of homes is reasonable the economy will rebound. Would this plan be flawless, doubtful, but it should at least get things moving in the right direction.

Government Looking to Sell Foreclosed Homes

itstherealestateguy — Tue, 29 Nov 2011 19:37:04 +0000

Everybody hold on to your seat, the government has another big idea. Maybe this one will work but if history tells us anything it is that anytime the government steps in to fix something they make it worse than before. So here is the new idea. The government is looking into selling very large amount of foreclosed homes in bundled packages to investors to turn into rentals. We all know they will forget to put the stipulation in there for them to be rentals though. If they do turn them into rentals that should ease up the tight rental market that is pushing the rental prices up. Is that good? Depends upon if you are the landlord or the tenant. What are the unforeseen consequences? Time will tell but one thing for sure is something must be done to improve real estate values to entice people to buy again. Not that the prices need to be lower but buyers want to feel like it is a wise investment. The thing is, a majority of buyers will wait till the prices start going up then all jump in at the same time pushing prices up even higher.

Read the full article here: http://www.cnbc.com/id/45056823/Investors_Show_Interest_in_Foreclosure_Plan

Is Technology Your Friend?

itstherealestateguy — Fri, 08 Jul 2011 15:09:07 +0000

Technology is ever changing and not wanting to keep up with
technology extends beyond elderly and baby boomers. People in work get set in
their ways and do not want to try new things as you might be aware. This
article I pulled up is about teachers not wanting to even teach new technology.
The author of the story reveals this thinking and analyses the mentality behind
it. The author’s theory is that all technology is the medium by which everyone
communicates besides language and writing. Then he expands upon that theory
that IT actually has changed how modern society thinks. It’s changed how we think about solving a problem and how we will get our information to make decisions. To teach and learn without the use of technology is not realistic. I myself believe it is irresponsible. People believing they can make an informed
decision without the use of research through the internet, or at all, are
either wasting time or are making decisions uninformed.

If the educators teaching classes are not keeping up with technology they are not going to keep the interest of the class either. For instance, in the classroom, if the
students believe they know more than the instructor then the instructor will
lose credibility. The instructor would be better off embracing technology and
using it in the classroom. Even allowing students a brief time to use their phones
for example to search the internet on the class topic and give input on what
they found. IT advances learning and advances informed decision making.

http://campustechnology.com/articles/2009/10/21/but-i-do-not-want-to-teach-my-students-how-to-use-technology.aspx

Foreclosing on Fannie and Freddie

itstherealestateguy — Thu, 23 Jun 2011 15:37:57 +0000

Well here is one way to fight the foreclosures but not highly recommended. This is the story of a guy foreclosing on Fannie and Freddie. I can understand why he is frustrated by Freddie and Fannie taking back homes but I do not see where he thinks he owns them now. If he cares about the homeowner that lost them then he should put them back in it. there are many foreclosure homes in Tucson that most likely were not legally foreclosed on. Foreclosure notices are sent and often thrown away by owner of property because the banks won’t work with them. Owners will try putting their homes up for sale as a short sale, only to be turned down by the bank. The bank then forecloses and sells the property for less money on MLS on the open real estate market. I am sure it comes down to that the bank got paid by the mortgage insurance policy on these. The mortgage insurance companies would pay out less though had they agreed to pay even under a short sale. They will catch on after they lose several billion dollars.

Read the story here and share your thoughts.

http://www.azcentral.com/news/articles/2011/06/17/20110617tucson-man-taking-foreclosed-homes.html