real estate investors: Existing-home sales down in 2.6 percent in June - 07/24/08 10:19 AM
Sales of existing homes slowed more than expected, according to the latest monthly report by the National Association of Realtors.
In June, the pace of home sales nationwide dropped 2.6 percent from May to a seasonally-adjusted annual pace of 4.86 million. Economists had predicted that sales would drop to 4.95 (1 comments)
real estate investors: Atlanta named third-best city for real estate investors - 07/16/08 11:50 AM
Homevestors, the national real estate investment company known for its ubiquitous "We Buy Ugly Houses" billboards, recently selected Atlanta as the third best market for residential real estate investing.
The only cities better were Dallas and Houston.
Homevestors, which has over 230 franchises across 35 states, has sold over 35,000 homes (0 comments)
real estate investors: FHA to ease seasoning requirements - 06/17/08 01:44 PM
On Friday, the Bush administration announced that FHA was reducing title seasoning requirements for some properties in order to reduce the impact of foreclosures across the country.
The previous policy, enacted in an effort to prevent property flipping, prohibited FHA in most circumstances from insuring a mortgage on a home owned (0 comments)
real estate investors: Investors take note: Lease-purchases becoming mainstream - 06/08/08 11:11 AM
Recently, in the Atlanta Journal and Constitution:
The suggestion is offered at the beginning or tacked onto the end of ads for resale homes and is even being used to lure buyers into new neighborhoods from intown to the suburbs: "Rent to own. Will consider lease-purchase."
Individual sellers seeking to (3 comments)