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“A recent late summer morning at one of the company’s three separate buildings in Irvine, Calif., roughly 100 Auction.com employees buzzed around a vast, open windowless room lined with rows of cubicles and slung with venting and lighting hung from the ceiling high above.”
“A U.S. government shutdown will immediately slow approval of thousands of mortgages. If it lasts more than a week, it threatens housing and the broader economic recovery.”
Watch as co-founder, Tony Alvarez, interviews Bill Swift, founder of the High Desert Real Estate Investors Network. In this part, Bill & Tony discuss the job description of an appraiser and what it’s like being an appraiser. Bill also talks about how to know whether to buy & hold real estate or buy & flip real estate according to housing market changes! Be sure to sign-up for a FREE membership at www.HDREIN.com to gain access to this FULL interview as well as other interviews with Real Estate Pros including Bruce Norris, Mike Cantu, Rick Solis, Andrea Esplin & MANY MORE!
“U.S. stocks fell on Monday as the Federal Government moved towards a shutdown because Republicans and Democrats on Capitol Hill could not agree on an emergency short-term budget. The midnight deadline passed with no deal and Government agencies started to shut down.”
“The government shutdown is here. Whether it’s not being able to get a new Social Security card or visit a national park, Americans will immediately feel the effects. But there’s one bright spot of the economy that stands to be affected as well: housing.”
“There is some foolish money swirling in the real estate market. In particular, there is a growing flood of small time investors trying to enter the market at a turning point and others are simply looking for a quick way to make a buck. It is amazing how many people are waiving inspections just so they can win a property. Some people are going to get a dark reality check when they are hit with major unexpected repair bills. To bring this back to frothy California, the euphoria of 2005 and 2006 is back in the air. People are trying to tap out equity to leverage into additional real estate. Keep in mind many of these people have no idea about real estate investing and many wouldn’t know how to use a tape measure or a hammer if it hit them over the head. Emotions are stronger than fundamentals in the current marketplace. Take a look at some shifting trends.”
“With the housing market percolating again, particularly in Fairfield County, Warren Buffett’s real estate arm has jumped into the stew after taking over Prudential Connecticut Realty this week.”
“PHILADELPHIA (CBS) — With the real estate market on the upswing, many people buying homes have opted to obtain an FHA mortgage.”
“A New Brunswick-based nonprofit lender is buying hundreds of troubled mortgages in the nine counties most impacted by Hurricane Sandy with the goal of keeping residents in their homes and revitalizing vacant properties.”