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Multi-family Starts are Up PDF Print E-mail
Written by J.S.Carpenter   
May 20, 2008 at 02:57 PM
Daily Real Estate News  |  May 20, 2008

U.S. housing starts rose 8.2 percent, to a 1.032 million-unit annual pace in April, from a 0.954 million rate in March. Housing starts are still down 30.6 percent from a year ago.
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Consequences for 'Walk-Away' Borrowers PDF Print E-mail
Written by J.S.Carpenter   
Apr 14, 2008 at 06:36 PM
Daily Real Estate News  |  April 14, 2008

The government and the lending industry are taking aim at “walk-away” home owners who stop making payments and months later send the house keys back to their lender.
Last Updated ( May 20, 2008 at 02:58 PM )
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Mortgage Maps PDF Print E-mail
Written by J.S.Carpenter   
Apr 14, 2008 at 12:08 PM

The Federal Reserve Bank of New York offers an interesting way to see non-prime mortage statistical information at the state, county, and zip code level. Values are shown using a "relative strength" comparison using color.

There are 12 different statistical displays for both sub-prime and alt-A mortgages. These range from the number of loans per 1000 homes, to the number which have had a late payment in the past 12 months.

This should give the visitor a way to visualize how potential mortgage difficulties could affect future home values. 

 http://www.newyorkfed.org/mortgagemaps/

 

Call-to-Action for the Residential Real Estate Investor PDF Print E-mail
Written by J.S.Carpenter   
Apr 14, 2008 at 11:51 AM

There is no “knocking” residential real estate investing. After years of relegation to a speculative investment, residential real estate is taking its rightful place as an investment with real returns, not just price appreciation. It’s the equivalent of a corporate stock becoming a US Treasury bond.

Last Updated ( May 20, 2008 at 02:59 PM )
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Politically Corrected PDF Print E-mail
Written by J.S.Carpenter   
Mar 15, 2008 at 12:00 AM

The March MxEq newsletter contained the following sidebar:

 Editorial: Politically Corrected - We were contacted by a nice woman who read the February MAX EQUITY Newsletter. She gently complained that she had been offended by the term “tar baby”, which was used (in an article about real estate opportunities) to describe bank-owned income properties. She was offended because of the “pejorative connotation” toward people of the black race.

Last Updated ( Apr 03, 2008 at 02:11 PM )
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Tax Alert for Owners:
IRS Treasury regulation requires property managers to give property owners and repairmen IRS Tax Form 1099-MISC for money given to them in excess of $600.

Featured Property

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Carmichael duplex near American River College and Fair Oaks Blvd. Great owner-occupied with rental. $399,900.