As a percentage, Americans moved less last year than past 6 decades - 04/24/09 09:22 AM
Why?
It certainly wasn't due to a shortfall of inventory choices.
It certainly wasn't due to interest rates being too high.
I think it was a combination of:
Fear that prices would continue lower, and Banks changing lending practices limiting buyers ability to borrow. This kept buyers from buying, and those buyers that were buying a resale, affected those sellers from moving. As the market prices continued downward, causing sellers to lose equity, the choice became simple for many sellers. DON'T SELL. The difference between this year's percentage of Americans moving and previous decades is: Sellers that didn't have to sell, … (1 comments)

Earn Equity While You Rent - 04/24/09 09:19 AM
No matter how much the government tries to help, banks are still having difficulty making loans to the average homeowner. Eventually renters want to become buyers. And in this economy, the loan qualification task is becoming harder and harder for most renters. The more you save, the more the bank just raised the down payment requirement. The harder you work on fixing your credit, the higher the score is needed to qualify. A Lease Option is a way to still fix a price with a seller... rent the property... and still build equity. Eventually you will need a loan. But in … (0 comments)

Multifamily vs Single Family Investment - 04/24/09 09:18 AM
There are several obvious reasons an investor might choose a multifamily investment over a single family investment when purchasing Residential Investment Property.
Most investors want cash flow. The price to rent ratio on multi unit buildings are much better in comparison to the single occupant property. Basically, higher gross income is achieved for a lower cost of product.
Another reason is vacancy risk. The property with more units has less risk of being 100% vacant, than if the single tenant vacates. In that scenario, the vacancy is always 100%.
If those were the only 2 things that mattered, … (4 comments)

Has the Economy Hit the Reset Button? - 04/14/09 11:38 AM
Are we in the middle of just another market cycle? Or is this a full blown reset of the current economy and the way we know it? If the best advice is to invest in the valleys and troughs of a normal business cycle, wouldn’t you rather buy commodoties at the bottom of the biggest trough in this generation’s history?

 


 

 
 
 
 
 
 
 

Steve Roesch
Market Advisor http://northpointgroup.vflyer.comsteve@northpointgroup.com



… (0 comments)

Has the Economy Hit the Reset Button? - 04/08/09 05:48 PM
Are we in the middle of just another market cycle? Or is this a full blown reset of the current economy and the way we know it?
If the best advice is to invest in the valleys and troughs of a normal business cycle, wouldn't you rather buy commodoties at the bottom of the biggest trough in this generation's history?

Steve Roesch Market Advisor http://northpointgroup.vflyer.com/ steve@northpointgroup.com
… (0 comments)

 
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Steve Roesch

Portland, OR

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