Real Estate Investment News from NARREIA.com

Texas cities still rock

From a Bankrate.com article dated October 11 concerning mortgage news: No up for some markets In another indication of the poor real estate market, the PMI Insurance Co. released its quarterly U.S. Market Risk Index, which ranks the nations 50 largest metro areas by the likelihood that house prices will be lower two years from now. Overall, theres a lower risk of prices falling than there was in the previous quarter. But the picture isnt pretty for some markets. PMI estimates that theres about a 61 percent chance that house prices in Riverside-San Bernardino, Calif., will be lower two years from now. The odds are a bit better in Las Vegas -- about 59 percent. Orange County,

Las Vegas Real Estate Market Report: 03/10/10

Las Vegas Real Estate Market Report: 03/10/10 This is the latest Las Vegas Real Estate Market Report from www.NARREIA.com (

Las Vegas Real Estate Market Report: 03/03/10

Las Vegas Real Estate Market Report: 03/03/10 This is the latest Las Vegas Real Estate Market Report from www.NARREIA.com (

Cloudy with a Chance of Foreclosure

Phoenix, Arizona real estate investors will find this new report courtesy of ASU very interesting... Foreclosures Still Cloud the Phoenix-area Housing Market. Account for Almost Half Existing-Home Transactions Foreclosures continue to play a major role in the Phoenix-area housing market. Almost half of the existing-home transactions in the Valley last month -- 45 percent -- were foreclosures. That’s according to the latest Realty Studies report from the W. P. Carey School of Business at Arizona State University. “Even in response to hiatus and mortgage modification programs, foreclosure activity did not slow,” says Associate Professor of Real Estate Jay Butler, who author

AZ Update

Well, here is an update for AZ real estate investors- more of the same. What is selling? Short Sales and Foreclosures, especially in golf course communities. What are my investors buying right now? Cheap condos- some as low as $36,000 for a 2bed, 2bath townhome. What is going up in price? Not much. But I am seeing a small uptick in prices in areas that were formerly VERY low and these are in outlying areas, rather than close to PHX. What is my prediction? More of the same. I am not seeing the activity by 1st time Buyers that I saw prior to November 2009. I am not sure that extending the tax program into Spring 2010 has actually created the sense of urgency that the first

Las Vegas Real Estate Market Report: 02/24/10

Las Vegas Real Estate Market Report: 02/24/10 This is the latest Las Vegas Real Estate Market Report from www.NARREIA.com (

Market coming back

The Jacksonville real estate market continues to show strong signs of comeback. Home sales for 2009 in the Jacksonville Metropolitan area were 21% higher than 2008. The condo market showed an increase of 38% during the same time frame. While the sales increased, the median price went down 16% to $152,200. This reflects the continued number of bank owned properties and short sales in the marketplace.Condo prices dropped 24% during this period. The market for distressed homes is very strong. When a bank owned property is put on the market at a below market price, multiple offers within a few days is the norm. There is still some resistance to buying short sales as investors dont want the h

Las Vegas Real Estate Market Report: 02/17/10

Las Vegas Real Estate Market Report: 02/17/10 This is the latest Las Vegas Real Estate Market Report from www.NARREIA.com (

Fractured Markets. Feb. 2010

The market is fractured. Prices and price ranges determine the activity and whether the market is going up or down. If your home is priced between $150,000 and $340,000 you are in luck. The $8,000 tax credit that is running through April is helping you sell your home. If you are over $340,000, it is having little effect. If your home is priced above $500,000, you are in trouble. There are few buyers and you might need months and months to get an offer. If you are in the million dollar range, you are really in trouble. The Short Sales are killing your market, with current pricing on some million dollar homes in the $650,000 and $700,000 range. If you are a condo or townhome

Will they renew the $8,000 tax credit?

I am not a gambling man, but I would bet the farm on this one. This is the least expensive method they have used to help the economy, and it is working better than any other method. Unlike the bank bailouts, which have been received very badly and which have helped the rich bankers and investors, the $8,000 tax credit is really helping normal Americans. Regular people, like you and me, use the credit and save $8,000 in taxes. That is a lot of money. This money sells houses, and is helping lenders, realtors, inspectors, appraisals and many others. It is selling bank properties that are toxic assets, and helping, at the same time, the loan officers and lenders by creating new loans, w

Las Vegas Real Estate Market Report: 02/10/10

Las Vegas Real Estate Market Report: 02/10/10 This is the latest Las Vegas Real Estate Market Report from www.NARREIA.com (

Las Vegas Real Estate Market Report: 02/03/10

Las Vegas Real Estate Market Report: 02/03/10 This is the latest Las Vegas Real Estate Market Report from www.NARREIA.com (

Las Vegas Real Estate Market Report: 01/27/10

Las Vegas Real Estate Market Report: 01/27/10 This is the latest Las Vegas Real Estate Market Report from www.NARREIA.com (

Foreclosures Hitting Bottom? Maybe.

Real estate investors in Phoenix, AZ may find this new report from ASU interesting... Phoenix-area Foreclosure Prices May Have Hit Bottom ASU-RSI Shows Housing Market May Level Off This Spring The Phoenix-area housing market may level off this spring, and the prices of foreclosed-on homes in the Valley may have hit bottom already. That’s according to a new report from the W. P. Carey School of Business at Arizona State University. The Arizona State University-Repeat Sales Index (ASU-RSI) measures changes in average Phoenix-area home prices from year to year. The latest report shows single-family home prices fell 21 percent from October 2008 to October 2009. That’s less

AZ: Feast or Famine?

I recently received a referral from another NARREIA Advisor. He has friends who are possibly interested in purchasing a second/vacation home in AZ and wanted to start to explore their options. I set them up on several automatic email searches from the MLS, each fitting a specific set of criteria. I received an email yesterday saying that they were amazed and even a bit overwhelmed at the sheer volume of available properties available in the price range of under $100,000! To which I can only say- YEP. AZ is STILL a bargain hunters paradise. While you may not be able to find a house in the $50-75,000 price range like you could find 1 year ago, there are still amazing bargains

The Market in Denver... End of January.

What price range are you in? The answer to that question will determine the market for you. $40,000 to $325,000: The market is fairly strong. Lots of buyers. Not many good listings. It is difficult to find a good deal, but not impossible. You will need to work with a knowledgeable broker and work hard to find a deal. They are out there. Look at 50 homes and look at 150 on the net. Look a lot. Do your homework. Be patient. Lots of short sales and foreclosures. $325,000 to $550,000: The market is not as strong as the lower price range. There are a lot of properties, not many buyers, and a lot of short sales and foreclosures. You may be the only bidder on that special house. You

Las Vegas Real Estate Market Report: 01/20/10

Las Vegas Real Estate Market Report: 01/20/10 This is the latest Las Vegas Real Estate Market Report from www.NARREIA.com (

more foreclosures

In the Jacksonville area, 26,537 foreclosure related notices went out in December. This is a 56% increase from the previous December. Nationally, 3-3.5 million homes are expected to enter some phase of foreclosure this year. In Jacksonville, area REO specialist are being told to be ready for a huge increase in the number of properties they are going to getting from the banks. The power in these numbers is simple; opportunity.The banks will do what they need to do to get rid of these properties. This usually boils down to pricing. The effect of this process is an overall reduction in property values.Understanding that this lowering of prices is temporary and that these prices are not reflect

Las Vegas Real Estate Market Report: 01/13/10

Las Vegas Real Estate Market Report: 01/13/10 This is the latest Las Vegas Real Estate Market Report from www.NARREIA.com (

Las Vegas Real Estate Market Report: 01/06/10

Las Vegas Real Estate Market Report: 01/06/10 This is the latest Las Vegas Real Estate Market Report from www.NARREIA.com (

Blue Moon

I find it appropriate that 2009 is going to close with a rare Blue Moon making an appearance. 2009 was a strange year. 2009 was a great year for investors. The more knowledgeable investors were already buying in 1st Quarter of 2009 when the bargains were plentiful and the prices were LOW. More novice investors jumped in 2nd-4th Q when there was quite a bit of media attention re: AZs low prices and consequently there were bidding wars and "teaser" prices on Short Sales and Foreclosures that were designed to generate multiple offers and drive up prices. I cant tell you how often I was approached by investors who wanted to offer $50,000 on a house listed in the $80s. Just was

Las Vegas Real Estate Market Report: 12/30/09

Las Vegas Real Estate Market Report: 12/30/09 This is the latest Las Vegas Real Estate Market Report from www.NARREIA.com (

Information on Colorado foreclosures.

Aren’t we in enough trouble? Dec. 29, 2009 Let’s start at the beginning. In the last few years, the State of Colorado changed the foreclosure procedures. They changed them to benefit the banks. The papers barely reported it, and most homeowners had no idea that they had just been stripped of a valuable property right. In fact, you probably haven’t even heard about this change in the law. It wasn’t even a ripple in the pond, with all of the foreclosures and bank failures going on. We used to have a “right of redemption” after the foreclosure sale, during which an owner had a period of approx. 75 days in which they could buy back their own foreclosed prop

Las Vegas Real Estate Market Report: 12/23/09

Las Vegas Real Estate Market Report: 12/23/09 This is the latest Las Vegas Real Estate Market Report from www.NARREIA.com (

Good news

The headline this morning in the Florida Times Union announced 70% increase in home sales in Jacksonville this month. This welcome news is a product of several factors. First, the $8,000 first time homebuyers credit, Second, a general end of year push, and thirdly and in my opinion most importantly, a surge in investor purchases. This surge is important because it shows that the "smart money" has determined that the market is ripe. Others are sure to follow the lead of these investors. Yesterday I cloed on a three bedroom, two bath, block home in a middle class neighborhood for $44,100. I would have sold this home 3 years ago for $150,000. Today we are closing on a two bedroom, two and a

Las Vegas Real Estate Market Report: 12/16/09

Las Vegas Real Estate Market Report: 12/16/09 This is the latest Las Vegas Real Estate Market Report from www.NARREIA.com (

The Denver Market. Dec. 2009, and one great thing!

It is simple: It is far too complicated to ever explain. The market is fragmented, confusing and confused. The market in the lower price range, which is approx. $200,000 to $260,000 is strong and climbing. The $8,000 tax credit has completely changed that market. There are very few if any properties available for investors, since the owner-occupants have purchased them all. Well, almost all of them. The well priced homes sell fairly quickly, and the short sales sit around for months waiting for anyone patient enough to play the games the banks are demanding. Games that last for 6, 7,8, 9 or 10 months. The lower price range has been artificially raised by the $8,000 tax credit, and, a

The Best Investment in Years.

NO, Im not talking about real estate. Even though I think it is a good investment, this is a short article about another investment. The $8,000 tax credit for first time home buyers is the absolute best investment made by anyone, including our government, in many many years. It is true. The approx. 12 Billion Dollar investment by taxpayers has been spent on U. S. Homes, built in the U.S. Not one dime went to a home built overseas. Not one dime went toward a Nissan home or foreign investments. The 12 Billion has saved jobs, slowed down the massive decrease in property values and bolstered the home market with many many sales. These sales were sorely need to keep lenders, realto

Las Vegas Real Estate Market Report: 12/09/09

Las Vegas Real Estate Market Report: 12/09/09 This is the latest Las Vegas Real Estate Market Report from www.NARREIA.com (

Las Vegas Real Estate Market Report: 12/02/09

Las Vegas Real Estate Market Report: 12/02/09 This is the latest Las Vegas Real Estate Market Report from www.NARREIA.com (

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