[bumpercar]

Blackstone’s Home Buying Binge Ends as Prices Surge: Mortgages

[Charlie lV]

Originally Posted by bumpercar

[url=http://www.bloomberg.com/news/2014-03-14/blackstone-s-home-buying-binge-ends-as-prices-surge-mortgages.html]Blackstone’s Home Buying Binge Ends as Prices Surge: Mortgages[/url]

"Las week a group of 80 tenants and neighborhood advocacy organizations, including the National Community Reinvestment Coalition and the National Consumer Law Center, asked federal regulators "to address first time homebuyers being outbid, tenants being displaced, and neighborhoods undergoing dramatic changes as private equity and investor cash continues flooding into local housing markets"

I thing even a person with half brain is aware that so called housing recovery is a scam and won't last long.
This is just dead cat bounce and housing will resume its downtrend and prices will fall, many buyers who bought lately will be underwater and destroyed financially.

Don't pay attention to anyone who tells you missed the bargains in housing.
We didn't even see real bargains yet.

Stay far away from purchasing a real estate today, this year or next.
As a buyer time is on your side now.

[formerlynorthofnowhere]

Originally Posted by Charlie lV

"Las week a group of 80 tenants and neighborhood advocacy organizations, including the National Community Reinvestment Coalition and the National Consumer Law Center, asked federal regulators "to address first time homebuyers being outbid, tenants being displaced, and neighborhoods undergoing dramatic changes as private equity and investor cash continues flooding into local housing markets"

I thing even a person with half brain is aware that so called housing recovery is a scam and won't last long.
This is just dead cat bounce and housing will resume its downtrend and prices will fall, many buyers who bought lately will be underwater and destroyed financially.

Don't pay attention to anyone who tells you missed the bargains in housing.
We didn't even see real bargains yet.

Stay far away from purchasing a real estate today, this year or next.
As a buyer time is on your side now.

When a property appraises for 15% less than the asking price, it's not a stretch to think the market is due for an adjustment.

[lvoc]

Originally Posted by northofnowhere

When a property appraises for 15% less than the asking price, it's not a stretch to think the market is due for an adjustment.

Meaningless. What do the comps say? Asking price is a seller's wish...not a competitive price.

[ddrhazy]

Originally Posted by Charlie lV

"Las week a group of 80 tenants and neighborhood advocacy organizations, including the National Community Reinvestment Coalition and the National Consumer Law Center, asked federal regulators "to address first time homebuyers being outbid, tenants being displaced, and neighborhoods undergoing dramatic changes as private equity and investor cash continues flooding into local housing markets"

I thing even a person with half brain is aware that so called housing recovery is a scam and won't last long.
This is just dead cat bounce and housing will resume its downtrend and prices will fall, many buyers who bought lately will be underwater and destroyed financially.

Don't pay attention to anyone who tells you missed the bargains in housing.
We didn't even see real bargains yet.

Stay far away from purchasing a real estate today, this year or next.
As a buyer time is on your side now.

I saw so many houses where there was an opportunity for owner occupied people to buy and the house wasn't purchased in the 1-2 months period the bank offered for such offers. Should banks wait forever? People were afraid of buying even at 2011 prices.

[lvoc]

Volume continues to grow in the normal seasonal fashion. Price is stable. Inventory is stable though the months of inventory has come down and is now at about 3.0. All this for SFRs from the MLS.

If something ugly is going to happen there is no sign of it yet. I also see no indications yet of any run up in price. All quite stable since mid October.

[LuisSuarez]

the number of homes for sale remains below last year in 11 of 18* markets, with the most significant drops in Las Vegas (-35.3%) and Boston (-28.6%). No wonder sales are down if inventory is down so dramatically. Housing shortages are starting to become a reality here.

[lvoc]

Originally Posted by LuisSuarez

the number of homes for sale remains below last year in 11 of 18* markets, with the most significant drops in Las Vegas (-35.3%) and Boston (-28.6%). No wonder sales are down if inventory is down so dramatically. Housing shortages are starting to become a reality here.

Inventory is not down. It is up substantially. Sales are down not inventory.

The weird year was last year when the frenzy took over. This year is much more balanced.

[ragabnh]

Originally Posted by airics

you missed the bargains...but im not saying that its not worth it...if its a home you can still make a small return

Small return not good enough given the additional work or cost to manage.

[aardogfsu]

agreed, but I also think there are enough investors to support a 20% drop in price worst case scenario...nice returns are over but you won't get killed on the downside buying today (just my opinion).