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The 2014 Forbes 500 Housing Markets

The 2014 Forbes 500 Housing Markets

Every year we pull together data for Forbes to publish their 500 most expensive real estate zip codes. This year’s was published a week or so ago, and is more dominated by New York City than previous years. In previous years, the most expensive real estate markets in the country are in New York...
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Sunday Night Futures

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Sunday Night Futures

From Merrill Lynch on Oil: The plunge in oil prices, if it proves persistent, could end up being the big economic story. Energy prices have fallen very sharply in the past three months. Brent oil prices have declined from around 0/bbl in July to...
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Bank Failure Friday: NBRS Financial, Rising Sun, Maryland,15th Failure of 2014

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Bank Failure Friday: NBRS Financial, Rising Sun, Maryland,15th Failure of 2014

This is the first bank failure since July! From the FDIC: Howard Bank, Ellicott City, Maryland, Assumes All of the Deposits of NBRS Financial, Rising Sun, Maryland As of June 30, 2014, NBRS Financial had approximately 8.2 million in total assets and 3.1 million...
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Thursday: Industrial Production, Unemployment Claims, Homebuilder Survey, Philly Fed Mfg Survey

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Thursday: Industrial Production, Unemployment Claims, Homebuilder Survey, Philly Fed Mfg Survey

Just a highlight of a few prices … Brent oil futures are down to .78 per barrel, down from 0 a year ago. National gasoline prices are down to .18 per gallon and under .00 in many states.  This is down from .35 per...
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Multi-Family Investment Properties — More Tempting Than Chocolate Cake?

Multi-Family Investment Properties — More Tempting Than Chocolate Cake?

Chocolate cake and real estate.  Probably not a combination you think of very often.  Unless, of course, we’re talking about chocolate chip cookies and open houses, which every agent knows is the winning combination.  Wondering how we can link the two?  Keep reading. Over...
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From 5 Years Ago: The History of the World wouldn’t be complete without …

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From 5 Years Ago: The History of the World wouldn’t be complete without …

I posted this cartoon 5 years ago … it seems like yesterday. From Larry Gonick’s The Cartoon History of the Modern World, Part 2, on page 248 … (ht TDM) Posted with permission from Larry Gonick. Thanks! For more on Tanta, see the menu...
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Schedule for Week of October 12th

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Schedule for Week of October 12th

The key economic reports this week are September retail sales on Wednesday, and September housing starts on Friday. For manufacturing, the September Industrial Production and Capacity Utilization report, and the October NY Fed (Empire State) and Philly Fed manufacturing surveys, will be released this...
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Housing: Appears Inventory build is Slowing in Previous Distressed Markets

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Housing: Appears Inventory build is Slowing in Previous Distressed Markets

Watching existing home “for sale” inventory is very helpful. As an example, the increase in inventory in late 2005 helped me call the top for housing. And the decrease in inventory eventually helped me correctly call the bottom for house prices in early 2012,...
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Stated Income Loans for Investment Property

Stated Income Loans for Investment Property

Norada Real Estate Investments is pleased to offer our new Stated-Income Mortgage Loans, available on many of our investment properties.  These loans are available on 1-4 units properties with just a minimum mid FICO score of 650.  You can get up to 70% loan-to-value...
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