Comments on: Time To Buy Houses – 3 Reasons Why 2012 Is THE Bottom

By: Donna S. Robinson

Donna S. Robinson — Thu, 28 Jun 2012 18:27:07 +0000

Thanks for the detailed comment. Your analysis makes some great points.

By: Three Reasons Why 2012 is THE Bottom | On The Street Where You Live

Three Reasons Why 2012 is THE Bottom | On The Street Where You Live — Thu, 28 Jun 2012 14:13:43 +0000

[...] Time to Buy Houses – 3 Reasons 2012 is THE Bottom! Tweet This entry was posted in Buying a Home, Financing, Housing Market, Market Update, RE/MAX, Real Estate, Real Estate Market News and tagged buy home, buy house, buying houses, durham, home for sale, houses for sale, housing market, market update, north carolina, raleigh, raleigh housing marketing, real estate market by admin. Bookmark the permalink. [...]

By: Time To Buy Houses – 3 Reasons Why 2012 Is THE Bottom | Empowered Raleigh Agents

Thu, 28 Jun 2012 14:00:04 +0000

[...] Time To Buy Houses – 3 Reasons Why 2012 Is THE Bottom. Share this:TwitterFacebookLike this:LikeBe the first to like this. [...]

By: Reiner W

Reiner W — Thu, 28 Jun 2012 01:40:44 +0000

One of the few articles that is spot on, I have invested in various properties in the South Florida market buying foreclosures for anywhere from 35 to 55KUSD, renting them out for 18 months and then selling them in the 65 to 70KUSD range, hence yes, in some places the market bottomed out 18 months ago. That being said, it might well be that one community is on the upswing, while units in another development, maybe even less then 3 miles away, are still dropping in prices. Local knowledge is key! That being said, the numbers you mention are right, if you can purchase at 50% of cost of production prices can only go up. In addition the rental market is hot, once can now get rent in the 1/50 range (monthly rent is 1/50th of purchase price) while in a “normal market the monthly rent would be more in the 1/160 to 1/180 range, ie Collecting 900 USD rent would mean an approx property value between 144K and 162K. These days one can command 900 USD on a 45K property. For investors this is very appealing, a) very positive cashflow (after HOA, Taxes, Insurance, etc….15% return), and b) tremendous appreciation upside (as mentioned in the article, 1500 sqf for 45K will probably (at least) double in price within 12 months).

By: Time To Buy Houses – 3 Reasons Why 2012 Is THE Bottom « debmundell

Time To Buy Houses – 3 Reasons Why 2012 Is THE Bottom « debmundell — Tue, 26 Jun 2012 13:45:58 +0000

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By: Time To Buy Houses – 3 Reasons Why 2012 Is THE Bottom « pattigregory

Time To Buy Houses – 3 Reasons Why 2012 Is THE Bottom « pattigregory — Tue, 26 Jun 2012 04:30:47 +0000

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By: 1st quarter GDP, the social security annual report, housing price indexes, et al | r.j.'s space

Sun, 29 Apr 2012 23:27:22 +0000

[...] more optimistic home price forecasts this week than i’ve seen all year; everyone is saying prices have bottomed and its time to buy; even the normally reserved bill mcbride got on the bandwagon…but we’d be wise to heed [...]

By: 2012 is the Housing Bottom? | About Buying Your First Home

2012 is the Housing Bottom? | About Buying Your First Home — Mon, 23 Apr 2012 14:13:31 +0000

[...] going to start hearing that we’ve hit bottom, just like this article in Realty Biz News. Of course, we’ll never know until after the bottom has been hit and the rise has started, [...]

By: Donna S. Robinson

Donna S. Robinson — Mon, 23 Apr 2012 14:01:26 +0000

I sympathize with you about media coverage in general…but this article is based on my personal work as an investor, and knowledge of the housing market. I am seeing lots of activity in housing. Granted credit is still an issue for the mainstream borrowers, but if you make a note of where prices are today, in your local area, you are likely to see higher prices next year in that same area. That being said, I’m not saying that the housing market is headed for a recovery. Just that we are on the bottom. I expect we’ll say here for a while. I don’t expect any prices to increase that much for the time being, except in houses that are selling for less than they originally cost to build. (not retail sales price, but actual building cost) Those have no where to go but up.

By: 2012 is the bottom? | Buying Real Estate

2012 is the bottom? | Buying Real Estate — Sun, 22 Apr 2012 22:02:31 +0000

[...] going to start hearing that we’ve hit bottom, just like this article in Realty Biz News. Of course, we’ll never know until after the bottom has been hit and the rise has started, [...]