Real Estate Bubble and Econimics in California
Three very interesting videos discussiing the concept of a bubble in the real estate industry in the context of overal economic conditions.
Real Estate Bubbles and California’s Economic Growth, Part 1
An economics presentation at Humboldt State University. Special guest lecturer Dr. Christopher Thornberg of Beacon Economics discusses the current housing bubble and its effects on California.
Real Estate Bubbles and California’s Economic Growth, Part 2
An economics presentation at Humboldt State University. Special guest lecturer Dr. Christopher Thornberg of Beacon Economics discusses the current housing bubble and its effects on California.
Real Estate Bubbles and California’s Economic Growth, Part 3
An economics presentation at Humboldt State University. Special guest lecturer Dr. Christopher Thornberg of Beacon Economics discusses the current housing bubble and its effects on California.
Tags: bubble, economics, lecture, real estate, video
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Source: economics
Las Vegas Sales Up, Prices Down As Bottom Nears
Good news on the pre-existing sales numbers coming out of Las Vegas.
As a ground zero city for the housing crisis I tend to watch Las Vegas closer than most cities. So when news cam out that May resales were up even with prices down, it is cause for mild optimism.
Las Vegas could barely move any inventory when buyers saw pricing in free fall. But as foreclosures, half of the market, and other resales start to move the fence sitters will start coming back.
Buyers are out there, but they do not want to invest and then lose. They have seen what that has done to others and are not stupid. But once the consumer is confident the bottom is here and appreciation is possible they will return. Hopefully not with the unbridled optimism of 2004, but with the expectation that their biggest asset will increase in value.
Thanks ..
Source: Las+Vegas
Buy Houston Texas real estate
Q: If you offer to buy Houston Texas real estate, and then later decide not to, are you able to do that? What if you’re selling it?
A: You can make an offer to buy Houston Texas real estate, and while it is just an offer there is nothing inherently legal about it. You can pull out at anytime. However, once the person who is selling accepts your offer to buy Houston Texas real estate, it is legally binding, because they probably have paid a commission to the real estate agent and they could sue you if you breach contract.
If you have someone who wants to buy Houston Texas real estate from you and you no longer want to sell it to them, that is another story. Usually there has to be a mutual agreement.
Commercial real estate in Houston Texas
If you intend to buy commercial real estate in Houston Texas, then one of the most important things you need to think about is the contract. Here are several things that should be a part of your contract for commercial real estate in Houston Texas.
- Describe the commercial real estate in Houston Texas in detail, including both the building, the land, and any other features.
- How much you will pay for the commercial real estate in Houston Texas, as well as how it will be paid.
- Anything besides the property itself that you will be purchasing along with it.
- Any requirements that you must live up to before you are obligated to buy the commercial real estate in Houston Texas. Like if you can’t get a loan, then you don’t have to buy it.
- Decisions on property taxes and utilities.
- Closing date and date that you will have the commercial real estate in Houston Texas in your possession.
- What the seller can do legally if you fail to pay for the commercial real estate in Houston Texas.
Houston real estate class
There are several places where you can take a Houston real estate class,and one of them is the USA school of real estate. It has been offering more than one Houston real estate class since 1973 and keeps its value on education high and its class size low.
Unlike most places that offer a Houston real estate class, the USA school of real estate has several payment options and there are discounts available which you can get online.
Houston real estate law
Q: Can Houston real estate law and private requirements interfere with how I use my property?
A: Yes, they can. Houston real estate law does not give you free reign over anything, and whenever you buy a piece of property, you are buying it as a piece of a private area (a neighborhood, apartment complex, etc.) and both Houston real estate law and the law of the area can govern how you use your property.
Houston real estate law also allows your property to be confiscated if you owe outstanding debt, or if you have a lawsuit against you. If you are paying off a loan for your house, then Houston real estate law says that if you fail to pay your mortgager you can lose your house.
Houston real estate lawyer
If your broker is preparing your real estate contract for you, then it might be a little overwhelming to double check things on your own, so you will want to hire a Houston real estate lawyer. There are several situations where this might be necessary.
For example, say you’re moving to live on the edge of Lake Conroe and you will have a dock behind your house where you want to keep your boat. You will need a Houston real estate lawyer to make sure that you have exclusive rights to that dock.
Another area where you might need a Houston real estate lawyer is with the title. The Houston real estate lawyer can make sure that the house you’re attempting to buy can actually be bought and that it isn’t in any tax troubles.
Houston real estate MLS
If you want to get your home on a Houston real estate MLS, then you normally have to come up with a listing agreement between yourself and a broker. This normally involves four agreements for the Houston real estate MLS.
- You’re home will be listed on the Houston real estate MLS for a certain period of time.
- How much you are selling it for to be listed on the Houston real estate MLS, as well as the lowest price which you will accept.
- What the commission is.
- If the Houston real estate MLS will list any exceptions to the commission on the house, such as if you end up selling it without the help of a broker.
Houston Texas area real estate
If the Houston Texas area real estate you are buying needs repairs, then what should you do? Follow these guidelines.
- Maybe you intend to make the repairs on your Houston Texas area real estate by yourself. If this is the case, then make sure you have estimates for all of them before you close the deal. If you don’t, it might cost far more to repair your Houston Texas area real estate than intended.
- Maybe the seller intends to make the repairs on your Houston Texas area real estate. If this is the case, they have to be finished by the time you close the deal, or you have to be able to extend the closing date to allow them to finish. Once you own the Houston Texas area real estate, you can’t legally do much to get them to finish.
- Don’t pay until it’s repaired.
- Try not to get a home repair loan for your Houston Texas area real estate. It’s often the case that the broker and the contractor are in cahoots, so the contractor will charge as much as you get the loan for.
Houston Texas commercial real estate
Houston Texas commercial real estate profits depend on one thing–the price to earnings ratio of the property. If your Houston Texas commercial real estate cost you a fair chunk of change, but isn’t good enough to warrant high rent prices in the long run, then you will lose out. When buying Houston Texas commercial real estate, you have to do so with the future in mind.
In order to get the best profit out of your Houston Texas commercial real estate, it is necessary for you to buy it cheaper than it usually sales. Buying your Houston Texas commercial real estate for twenty percent less than the market price is the norm. This might mean that you have to fix it up before you rent it out, but it will cost far less to do that.