Economic Edge » Real Estate

Foreclosures Rising—2006 Foreclosure Statistics

EconEdge — Fri, 23 Feb 2007 18:31:35 +0000

Nationally, foreclosures are on the rise. According to RealtyTrac, 1.2 million homes were foreclosed in 2006—up 42% from 2005. The cities with the highest foreclosure rates were:

Detroit
Sacramento
San Diego

Worst U.S. Cities—10 Real Estate Markets to Avoid

EconEdge — Fri, 23 Feb 2007 18:31:29 +0000

Planning to buy a home in the next 12 months? Well, if you live in one of the cities listed below, you may want to postpone buying a home.

According to CNN, these are the worst 10 cities to buy a home, over the next 12 months. The expected percentage decline is listed below.

52% of West Coast Residents Fear Housing Price Collapse

EconEdge — Thu, 08 Feb 2007 22:22:24 +0000

West Coast residents lack confidence in the local real estate market, according to recently released survey data by The Experian-Gallup Personal Credit Survey. According to Experian, 52% of West Coast (U.S.) residents fear that house prices will severely decline.

10 Best Cities for Technology Jobs & Entrepreneurship

EconEdge — Sun, 07 Jan 2007 15:56:18 +0000

Your geographic location can affect your personal and business finances in a number of ways.

For one, your geographic location plays a role in career options. It can affect the type of jobs that are available to you (if you're an employee), or the type of talent you can hire (if you're an employer). Your geographic location can also affect your maximum salary, the cost of home ownership (can you comfortably afford to buy a home in your area?), and the amount of annual taxes you'll pay. To a smaller extent, your geographic location can affect your professional circle (local mentors, colleagues, competition).

How to Get $250K in Tax-Free Money Every 2 Years

EconEdge — Mon, 30 Oct 2006 18:37:11 +0000

Looking to keep more of your hard-earned money from the tax man? Well, you're going to love this tax exclusion.

How You Can Exclude up to $250,000 Tax-Free on the Sale of Your Primary Residence

Top 10 Foreclosure Markets

EconEdge — Sun, 29 Oct 2006 01:56:44 +0000

According to CNN Money, the following cities are experiencing the highest number of foreclosures (Foreclosure data gathered from RealtyTrac)…

Greeley, CO
Detroit, MI
Miami, FL
Indianapolis, IN
Ft Lauderdale, FL
Denver, CO

Top 10 Best Cities (and Worst Cities) to Buy Real Estate

EconEdge — Sun, 29 Oct 2006 01:36:36 +0000

CNN Money recently published an interesting article on the best and worst cities for real estate investing. According to the article…

"The real estate slump could get worse before it gets better. But these 10 markets offer great opportunities for those who have the patience to buy and hold."

Industries With the Greatest Number of Self-Made Millionaires & Billionaires

EconEdge — Thu, 26 Oct 2006 02:07:45 +0000

What are the industries with the greatest number of self-made millionaires? Looking at the World’s Richest People list—published by Forbes each year—the top 3 industries immediately appear. In random order, they are:

Zain Fancy Searches

EconEdge — Mon, 23 Oct 2006 03:53:21 +0000

According to my logs, people are visiting this website seeking information on Zain Fancy—including his age (yes, that's an actual keyword search term that brought people to this website) and his phone number in Hong Kong.

Morgan Stanley to invest one billion dollars in Indian real estate

EconEdge — Sat, 05 Aug 2006 15:23:45 +0000

I heard this from Azam Meo's weekly real estate videocast, and researched it online to make sure it was accurate.

Morgan Stanley's property fund has committed to invest $1 billion in Indian real estate. According to Zain Fancy, head of Morgan Stanley real estate in the Asia-Pacific region, "India is one of the most attractive markets." Rising wages—and a rising middle class—are fueling a property and development boom in India (which is currently Asia's fourth largest economy).

Best Career With a Law Degree

EconEdge — Wed, 07 Jun 2006 01:58:18 +0000

More Q & A with Gary North. Careers in law and real estate….what to do with a law degree…

INVESTING

Age, 20; occupation: college student; residence: small town, East Georgia.

$10,000 to invest. Goal: law school. I am thinking about real estate law. I have zero
knowledge of finance.

How to Spot Real Estate Trends & Get Market Analysis Data

EconEdge — Fri, 02 Jun 2006 19:35:44 +0000

While reading through Gary North's "question and answer series," I discovered a great little book that calculates emerging real estate markets (and real estate trends) based on population and business data. The book is called Your County–Boom or Bust? Predicting Growth or Decline of 3017 Counties by Jack Lessinger. Click on the "Books" link on Lessinger's website. Lessinger's book can help you analyze different real estate markets and spot emerging trends in different geographical areas.

Dubai is world's fastest growing city and hottest real estate market

EconEdge — Sun, 14 May 2006 21:41:42 +0000

Just finished reading an article that describes Dubai's exponential growth, both in terms of its real estate appreciation and the sheer number of people relocating to the city.

Dubai's growth can be traced back to May 2002, when Sheik Mohammed bin Rashid al-Maktoum issued a decree that, for the first time ever, allowed foreigners to buy and sell property. This decree was issued to reduce Dubai's economic dependence on oil. Since May 2002, the nation has experienced incredible property appreciation and economic growth. Investors are attracted to Dubai because of the country's stable political environment, zero property and income tax, and its high standard of living.

Best Small Towns in America

EconEdge — Mon, 08 May 2006 19:00:59 +0000

Great small towns in states with no state income tax…

Sequim, W.A.
Pullman, W.A.
College Station/Bryan, T.X.

More from Gary North: "If you are looking for Paradise, USA, consider Sequim, Washington. Research this amazing little town. [My comments: There is no state income tax in Washington, and Sequim is sunny compared to Seattle and other Washington cities.]

International Real Estate Investing

EconEdge — Thu, 04 May 2006 04:04:23 +0000

Q & A With Gary North
(Originally published on 3/30/06)

Age: 47; occupation: physician; assets: town home in NZ, paid for. Home in NY, paid for. Lake home in NY, owing 120k. Retirement savings: $900 K in Vanguard.

How to Teach Your Children about Money, Investing & Real Estate

EconEdge — Fri, 28 Apr 2006 23:17:16 +0000

Good advice from Gary North on how to teach your children about money management, investing and real estate.

Q & A With Gary North

Age: 70/76; occupation: retired GM; location: AZ & MI; assets: two homes worth $1M, $250K mortgages. $70K/yr current income (GM pension & Social Security). $100K savings.

Should we sell both properties, buy less extravagant, or keep lifestyle with only one house until end? Children want nothing.

Baltimore Real Estate Overvalued According to BankRate.com

EconEdge — Thu, 20 Apr 2006 16:00:51 +0000

Bankrate.com recently ranked Baltimore as one of the top ten cities in the United States whose real estate bubble is going to burst. According to the report, homes in Baltimore are overvalued by as much as 17 percent (and in some areas, it's probably a lot higher than that).

Hottest Real Estate Markets

EconEdge — Wed, 05 Apr 2006 22:19:05 +0000

According to Azam Meo, the hottest U.S. real estate market in 2005 was Mesa, AZ, which experienced a 42% increase in property values…in just one year.

In my previous job (inside sales), I talked to 15-18 different real estate investors (nationwide) on a daily basis. One of the best parts of the job was the information I learned from talking to these people. I "met" a guy who has developed an incredible system for managing rental properties, another investor who's focusing on condo conversions in the Tampa area, and another investor who's buying up land in the Southwest. Along the way, I've gained some interesting insights…

Set up an Agreement with Your Investment or Business Partner

EconEdge — Sun, 02 Apr 2006 18:46:03 +0000

I've been a subscriber to Dyches Boddiford's email newsletter for about three and a half years. Dyches writes to real estate investors about investment/business strategies and asset protection.

In his most recent newsletter, he writes about the importance of a written agreement if you're investing with a partner, or starting a business with a partner. This is especially important if you're working with someone that you don't know very well.

Money Supply Growth & GDP

EconEdge — Fri, 31 Mar 2006 00:08:09 +0000

The Economist published the following figures for money supply growth in various countries over the last 12 months:

Australia +9.1%
Britain +11.7%
Canada +7.7%
Denmark +14.7%
U.S. +8.1%
the Euro area +7.3%

Read more on Money Supply Growth & GDP…

Rising Number of Foreclosures

EconEdge — Fri, 24 Mar 2006 06:06:31 +0000

Some interesting economic stats from the real estate world…

House "affordability" has reached a 14-year low according the U.S. Department of Commerce.

Foreclosures are up 27 percent so far in 2006 (compared to 2005).

Smart Money Leaving American Real Estate?

EconEdge — Fri, 24 Mar 2006 00:19:16 +0000

I've been a subscriber to Gary North's Reality Check since my senior year in college (via email). He is a prolific writer, multimillionaire, direct-response marketer, and staunchly conservative when it comes to finances. I have learned enormously by reading his advice and commentary.