Real Estate Investment News from NARREIA.com

Las Vegas Real Estate Market Report: 09/03/08

Las Vegas Real Estate Market Report: 09/03/08 This is the latest Las Vegas Real Estate Market Report from www.NARREIA.com (

BUY A RENTAL PROPERTY.

Now is the time to buy a rental! I was just in San Francisco, and the market is really tough there. Even San Francisco, with its incredible real estate market, is down in value. The newspaper reported a 24% drop in values. WOW. The City of San Francisco is still a great investment area, if you can afford it, with a foreclosure rate of only around 4%. That is pretty low. What I did see, in the 5 days I was there, was a ridiculously strong rental market. As prices have gone down, people have stayed out of the market, and they are renting. This same phenomena is happening here in Denver. Rents are going up, and the number of buyers is going down. This is the time for Real Estate Inve

Las Vegas Real Estate Market Report: 8/27/08

Las Vegas Real Estate Market Report: 8/27/08 This is the latest Las Vegas Real Estate Market Report from www.NARREIA.com (

RALEIGH: Ho Hum...Just a few more BEST OF LISTS

Raleigh appears to be riding out the storm and has served as a safe harbor for those of us who own and continue to purchase in the Greater Raleigh Area. Why is this? The most important reason is that our prices NEVER rose higher than what the income(rent) could support. Ive purchased 2 more this year and am cash flow positive with 15% down. The 2nd reason we are riding out the storm largely unaffected is the continued press regarding the Raleigh area and its reasons why this is such a great place to live! Courtesy of Ms. Ramsey heres a "brief" list of why Raleigh: -#1 Best Place to Live in the US (Raleigh), msnbc, June 2008. -#2 Best City to Live, Work and Play (Raleigh) Ki

Las Vegas Real Estate Market Report: 8/20/08

Las Vegas Real Estate Market Report: 8/20/08 This is the latest Las Vegas Real Estate Market Report from www.NARREIA.com (

AZ Foreclosures Rising

Real estate investors in Arizona will find this excerpted Based on my personal experience, real estate investors are definitely coming to AZ and buying bank owned single family homes as investment properties. "Foreclosures continue to rise in Greater Phoenix resale market MESA, Ariz. — In July 2008, there were a total of 8,165 resale homes recorded sold. Foreclosure activity represented 42 percent (3,470 transactions), while there were 4,695 traditional market transactions. Foreclosed transactions represent home owners losing their property to successful individual bidders or the lender of record. In June 2008, the spilt was 3,275 foreclosed homes and 4,565 traditional trans

Foreclosures and REOs: Dallas-Fort Worth Real Estate Invesment

Dallas-Fort Worth is the largest metro area in the USA not adjacent to water. From DFW International Airport, roughly 25% of the countrys population is within a one day drive. Projections show Texas and Dallas-Fort Worth will only accelerate in population growth through the next 25 years, leading to the largest redistribution of population/economic expansion in the United States since Californias growth in the 20th Century Dallas-Fort Worth is NOT a destination market. We do not have mountains, casinos, water. But... ...we do have an incredibly high standard of living with a low cost associated with that standard. We have major business, significant employment stren

WAKE COUNTY (NC) AND THE RTP CONTINUE TO EXPERIENCE STRONG ECONOMIC CONDITIONS

The Raleigh and Wake County area continue to provide a favorable environment for real estate investors. One recent indicator of the area’s economic vibrancy was released by the U.S. Bureau of Economic Analysis. In a report released August 7, 2008 they reported that personal income in the Raleigh-Cary metropolitan statistical area (MSA) rose 8.7 percent since 2006. Another Research Triangle Park (RTP) MSA, Durham, experienced an 8.4 percent growth rate, up from 7.7 percent in 2006. Both of these rates of growth are greater than the national average. The U.S. Bureau of Economic Analysis reported that the national average for personal income grew 6.2 percent last year in the natio

Best Cities to Live, Work and Play

These ten great places will only get better. You may notice Austin is #6. Also from Kiplinger, for Young Singles, Austin is #3 in the US. Our approach this year to picking the ten best cities in which to live and work was simple: Look for places with strong economies and abundant jobs, then demand reasonable living costs and plenty of fun things to do. When we ran the numbers, some of the names that popped up made us do a double take at first. So we hit the road to meet movers, shakers and regular folks, experience the ambience and take in the sights. We discovered that our numbers guru, Kevin Stolarick, hadnt steered us wrong. Stolarick, research director at the Martin Pr

What a Broker Knows...

"Randy, tell me about flood plains:" Sure. Believe it or not there are flood plains almost everywhere. Some are obvious, and some are not obvious at all. There is an area in Arvada that is almost all in a flood plain, and most people dont even know it. There are so many details about flood plains that... "Enough. Tell me about the dipping Bedrock Zone:" "OK. The Dipping Bedrock Zone is located in Boulder, Jefferson and Douglas Counties, and has been around for years, but the map wasnt actually created until 1995. It shows the area that could be affected by the movement of steeply dipping bedrock that is found below the specific subdivisions in the area. It is a really serious

PHX: up to 20% Drop

For Arizona homeowners and real estate investors, this report will be interesting reading. Phoenix Home Prices Drop Over 20 Percent in May The Phoenix metro area housing market is closing on a record. And unlike the Olympics this has more to do with losing than winning. Back in the 1990 to 1991 years, during the last serious real estate recession that roiled Arizona, house prices on a 12-month basis declined for 17 straight months. "Now at 15 months of declining home prices, the current weakness in the housing market is approaching the duration experienced in the early 1990s," reports Karl Guntermann, the Fred E. Taylor professor of Real Estate at the W. P. Carey School of

Las Vegas Real Estate Market Report: 8/13/08

Las Vegas Real Estate Market Report: 8/13/08 This is the latest Las Vegas Real Estate Market Report from www.NARREIA.com (

Pinal County Update

Many Arizona real estate investors purchased properties in Pinal County. Here is an update that these investors will find interesting. Pinal County resale housing market experiences declining prices MESA, Ariz. — Of the 2,100 recorded resale transaction in second quarter 2008, there were 845 foreclosures or 40 percent of the resale activity. For the first quarter, there were 785 foreclosures of the 1,680 recorded transactions or 47 percent. Although recorded foreclosure activity slowed in the second quarter, it still represented a dominant segment such as a 48 percent share in Maricopa and 42 percent share in Queen Creek. Maricopa County reported 21,445 recorded sales in th

Las Vegas Real Estate Market Report: 8/6/08

Las Vegas Real Estate Market Report: 8/6/08 This is the latest Las Vegas Real Estate Market Report from www.NARREIA.com (

Las Vegas Real Estate Market Report: 7/30/08

Las Vegas Real Estate Market Report: 7/30/08 This is the latest Las Vegas Real Estate Market Report from www.NARREIA.com (

Gulfport/Biloxi #1 Appreciating Market in the U.S.

Passing on some updated information about the Mississippi Gulf Coast and our investment opportunity for investors like you. We are the land owner, developer, property management company and exit strategy agent. Have you heard about the tremendous growth and appreciation along the Mississippi Gulf Coast? Have you heard about the awesome financing we have for investors? Let me pass on a few facts to remind you. Private Lender Financing! Only $8,600 out of pocket. Because of the constant guideline changes and tightening in the lending industry we have sought out and found a private money lender that is investor friendly and ready to do business with the Bayside real estate investor.

RALEIGH: A perpetual pro-business winner!

As an investor one of my greatest areas of interest is job growth. Without job growth my renters would ultimately leave and Id be left with vacancies. Beyond making sure that I am buying at the right price to generate a reasonable return both on a free cash basis as well as balancing my overall rate of return. I want to know to a general certainty that I can predict my future rates of return. Reports like this show trends beyond the current metrics and should play a key role in determining your next real estate investment. My firm, Raleigh Investment Real Estate, is continuing to find or create strong opportunities generating returns with both pre-construction and exiting properties. Jus

MS Ranked 2nd in US for Appreciation

Because of the constant guideline changes and tightening in the lending industry we have sought out and found a private money lender that is investor friendly and ready to do business with you the real estate investor. As an investor when is the last time you were able to finance your new construction investment with a stated income, one-time close, construction to perm loan with interest only payments during the term? No, you didn’t misread that: Stated income, one-time close, construction to perm, interest only. And the news gets even better…only $8,625 net out of pocket on a investor home in one of the highest appreciating markets in the U.S.! Top that off with a positive cash

Foreclosed vs Traditional

This information will be interesting reading for property owners in Arizona. "Greater Phoenix resale numbers show foreclosed, traditional sales nearly split for June" "In June 2008, a total of 7,845 resale homes recorded sold in Maricopa County. This sales activity includes 3,275 recorded foreclosed home transactions and 4,565 traditional market transactions. Foreclosed transactions represent home owners losing their property to successful individual bidders or the lender of record. In May 2008, the split was 2,895 foreclosed homes and 4,315 traditional transactions, while June 2007 was 575 and 4,570 recorded sales, respectively. Historically, June is a strong month and the

One great example...

Every real estate investor asks the same question: What can I buy that will make me money? Well, it is generally the same question. They may have a lot of other questions, but that is the real question. Here is an example, without giving you an address. This home was purchased about 4 years ago for approx. $180,000. It had custom hardwood floors, a large garage, and a nice floorplan. It was a rental, and after it was vacated it was vandalized and damaged in the amount of about $7,000. The insurance company is going to pay the claim for this damage, and the property is for sale at a price of $79,000. Yes, $79,000. That is how tough the market is in some parts of the Denver

The Bailout of the Foreclosed...

They approved it. Now the taxpayers will be bailing out a select few of the families being foreclosed on. It sounds so great, helping the families in need. Well, it is not. These foreclosures are happening because our economy is awful. They are happening because thousands of people have borrowed on their equity in order to live: Approximately $800,000,000,000 borrowed to support a prosperous lifestyle in a declining economy. So, we will bail them out, and they will save their homes. But... There is the other side: How about the family who worked hard and lived responsibly, and lives next door to the family getting the bailout. They get nothing. We are helping the ones who,

Las Vegas Real Estate Market Report: 7/23/08

Las Vegas Real Estate Market Report: 7/23/08 This is the latest Las Vegas Real Estate Market Report from www.NARREIA.com (

Las Vegas Real Estate Market Report: 7/16/08

Las Vegas Real Estate Market Report: 7/16/08 This is the latest Las Vegas Real Estate Market Report from www.NARREIA.com (

Raleigh and Cary in Wake County NC are 2 of the largest growing cities in the country

According to the US Census Bureau report released this week, Cary NC is the 5th fastest growing large city in the United States. Between mid-2006 and mid-2007 the city grew 7.3%. Raleigh is the 13th fastest growing large city and grew 4.2% in the same period. Both of these cities are in Wake County, NC. The Census Bureau defines a large city as having a population over 100,000. Towns smaller than 100,000 are also growing in North Carolina. Of the top 6 fastest growing towns in North Carolina, 3 are in Wake County; Wake Forest, Knightdale and Holly Springs. Two of the others, Rolesville and Fuquay-Varina are in neighboring counties whose growth is being fueled by the RTP (Researc

AZ: Prices Move Downward

As promised, here is an article that real estate investors in Arizona will find interesting. "Phoenix Home Prices Plummet in April" The overall price decline for the Phoenix metro housing market took a dramatic, 18 percent leap downward in April, which was unsettling since March numbers were already very weak. Part of the problem has been a wave of foreclosures hitting the market; this tends to dramatically impact average housing prices, says Karl Guntermann, the Fred E. Taylor professor of real estate at the W. P. Carey School of Business. Guntermann and research associate Alex Horenstein compile the Arizona State University-Repeat Sales Index (ASU-RSI). The April AS

AZ: Busy, Busy, Busy

Real estate investors are back in AZ as well as 1st time homebuyers and Ive been busy, busy, busy. Housing "product" preference is the bank owned property (aka REO). The typical property often sold in the mid $200s in 2004-6 and is now foreclosed on and back on the market at a greatly reduced price- often at 50% or less than the original purchase price. I am amazed at the housing options that are around right now if you are a prequalified buyer. I have investors who are actively buying in Queen Creek (yes, hard to believe) because they can buy homes that will cash flow immediately. I wrote up a contract today on a 2004 home, 3/2/2, needs cleaning, for $70,000. And a turnkey RE

Investor Alert for Austin Real Estate: Great time to buy!

Investors should know Austin is in a sellers market. Last year for June we had 9,288 active listings, today there are 12,906 active listings! That is a 38.95% increase from last year. As for new listings average list price, it is down 2.79% to 316,032. In June 2007 the average list price was $325,115. Sold average sales prices increased 4.71% to $266,175. For June 2007 it was $254,211. The price on homes is listed less because there is so much competition, but the homes in Austin continue to appreciate well and the overall trend of sold prices continues to increase. Just recently we helped several investors buy and renovate investment homes that were leased out quickly at

Mississippi Residential Rental Market Analysis

Bayside Park, Mississippi Residential Rental Market Analysis Summary The Mississippi Gulf Coast was devastated by Hurricane Katrina in 2005, with over 100,000 homes and rental units destroyed. Aside from the tremendous need to rebuild, the demand for homes should be further increased by the booming casino and aerospace industries, which are expected to create thousands of jobs over the next few years. We offer turn-key opportunities to invest in this growing market by providing wholesale construction contracts, access to favorable financing, customer service, a website to track the progress of the construction, and exit strategy services of real estate sales and property management.

Las Vegas Real Estate Market Report: 7/9/08

Las Vegas Real Estate Market Report: 7/9/08 This is the latest Las Vegas Real Estate Market Report from www.NARREIA.com (

Be careful what you read.

I was reviewing an article about the Denver Housing Market yesterday. I read it twice, and then a third time. I realized, after reviewing it for the third time, that it was based on misconceptions and assumptions that had only partial basis in fact. This agent, who is very smart and very good, used a compiled list of homes with certain remarks on them to determine that they were distressed sales. I wont get into too much detail, but one of the criteria he used was the notation that a home had "quick possession." This means that the seller will move out quickly, or that the property is possibly vacant. We dont have a listing description for vacant homes for obvious security re

PRESS RELEASE: Ely, NV Boomtown

Note: This press release was picked up by Elys main newspaper and printed May 5, 2006, on the front page of The Ely Times

Western North Carolina Teleconference FREE: May 1, 2006
Peter Celnicker will be holding a FREE 35 conference call on Monday, May 1st, at 6 pm Pacific Time (9 pm EST). The focus of the call will be the booming Western North Carolina market and opportunities to purchase land for as little as 5% down and have the option to go 18 months without a mortgage payment. The Developer of the $500M project will be on the call and there will be an exclusive inventory of lots available just for the call participants. There is no obligation to attend the call, even if you just want to learn about the real estate market. The phone number is 1-800-377-8846, and the access code is 64459857 followed by the # sign. Please email petercelnicker@yahoo.com or call

Boise Conference Call FREE: March 8, 2006
Lyndon Holdeman, NARREIA Advisor for the Boise Idaho area, held a FREE 30 minute conference call on Wednesday, March 8th, at 4:00 PM EST/ 1:00 PM PST. Click here to listen to the conference call.

New Advisors: Flagstaff and Prescott (AZ)
On a recent trip through northern Arizona, we had the opportunity to meet with a few local real estate agents in Flagstaff and Prescott. We were very happy with the quality of the agents we met with. Patrick Schutte, of RE/MAX Mountain Properties, met us at The Gurley St. Grill for an extended lunch in downtown Prescott. Patrick is considered by many as THE person to talk with in Prescott for residential real estate investment. Patricks technical background easily allows him to perform in-depth analysis on investment properties and whether or not they will provide good returns. He said that Prescott has had considerable appreciation (over 25% in the last year) and is starting to slow dow

NARREIA Press Release: Dec. 09, 2005
National Real Estate Network Launches NARREIA for Local Real Estate Investors Las Vegas, Nevada (PRWEB) December 09, 2005 – The National Association of Residential Real Estate Investment Advisors (NARREIA) has launched its free nationwide investment advisor service, connecting local real estate investors on a national level with highly exclusive advisors in real estate markets across the country. By doing so, NARREIA provides detailed statistical analysis and an insider track to local investment opportunities from anywhere in the country. NARREIA is a collection of highly professional Realtors who have focused specifically on residential real estate investing on a national lev

Florida Road Trip!
For 30 days in October 2005, NARREIA completed its biggest adventure yet: travelling the entire state of Florida in a 25 RV in our quest to discover the best investment markets and savvy agents with local expertise. We dodged Hurricane Wilma in Fort Lauderdale, slept under towering oak trees in Tallahassee, saw some interesting and bizarre properties along the Forgotten Coast (from the Taj Mahal to grass-filled living rooms), and made a lot of friends along the way. Our primary objectives were: a) to find Advisors for NARREIA; b) to learn the details on each of the major Florida markets; and, c) to spread the word about NARREIA. We accomplished all of our objectives and then some. We

New Advisor: San Antonio, TX: Robin Rogers
bin gave us an extensive tour of San Antonio that included the historic districts (where theres great potential for rehab projects and long term rentals) and the northwest suburbs (which are good for new construction and long term rentals). Robin is a native of San Antonio and has lived there for many years, interspersed among her extended stays in Hawaii and England. Check out her recent Market Report on San Antonio.

New Advisor: San Antonio, TX: Judy Stockstill
On our way from San Antonio to Austin, we had an extra hour before our next meeting in Austin. So, we decided to meet with another local agent in San Antonio. We found one in New Braunfels, which is right off of I-35 on your way out of San Antonio heading towards Austin. Boy, did we luck out. The agent we ended up meeting with was Judy Stockstill, along with her husband George Stockstill. Judy and George were extremely informative about the San Antonio market and have an extensive background in real estate sales/development and financial analysis. They happened to know of 2 new construction homes, fully upgraded, that the builder was selling $20,000 below market value AND willing to pay c

New Advisor: Austin, TX: Steve Crossland
We met with Steve Cross in Austin last week, a day before Hurricane Rita hit the Texas coast. Steve gave us an extensive tour of Austin, focusing on the Soutwest. Weve been hearing the most buzz about the North, but Steves perspective and expertise is on the Southwest. We saw a few master planned communities such as Circle C and Belterra t

New Advisor: San Antonio, TX: Brett Kummer
Brett is a native of San Antonio and has in-depth knowledge of the housing market. He currently splits his time between San Antonio and Dallas, where he teams up with W. Brian Casebolt in new home construction investments. Brett and his family have been involved in San Antonio new home construction for many years. San Antonio hosts a friendly "small-town" atmosphere (slated to be the 7th largest city by 2010) that doesnt garner a lot of national attention, but continues to be a steady market for cash-flow properties and decent appreciation. For more information on San Antonio, contact Brett and visit his homepage on our site.

Contact Info
Contact Info: National Association of Residential Real Estate Investment Advisors (NARREIA) 702-944-8783 (phone/fax) Las Vegas, NV