Builders are having problems

Normally building should ramp up in a recovery but there are problems.Many smaller builders were wiped out in the last recession. Some can’t get financial backing in a tight credit environment. Money has dried up. Much of it came from small community banks that...

Are Houses Still Undervalued?

Are Houses Still Undervalued? It usually follows that income levels are related to housing prices. So when incomes rise, people have more money to purchase Renting and owning are generally considered to be “economic substitutes,” so Fleming says, “A...

Bad real estate news

Southland Real Estate Prices were flat in February It’s always good to save articles from the newspaper and on the internet that are negative news about the real estate market. Sellers remember hearing last year that prices went crazy. That is no longer true now...

Valuing income property

Quick and dirty method for determining what to pay for income property You can take a bunch of sophisticated courses on income property and learn how to do fancy spreadsheets or you can use my sneaky and quick method. First of all, don’t bother to do comps. The value...