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Foreclosure Property
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Real Estate Investment
Interest by real estate investors cooling? - Dec. 7, 2005 Web CNN/Money Home News Markets Technology Commentary Personal Finance Autos Real Estate News Jobs & Economy SAVE | EMAIL | PRINT | SUBSCRIBE TO MONEY | Real estate investors bailing out? Report: Speculators could hasten the real estate cool-off by putting properties on the market. December 7, 2005: 1:12 PM EST Video More video Appliances, materials, even landscaping is being stolen from U.S. home construction sites. CNN's Randi Kaye reports. (November 30) Play video NEW YORK (CNNMoney.com) - Recent economic data may point to a cooling housing market and some investors are already dashing for the exits, according to a news report published Wednesday. Speaking with real estate brokers and analysts from such hot real estate markets as Las Vegas, Miami and Washington, D.C., The Wall Street Journal reported that fewer people are buying property as an investment vehicle. A researcher at Arizona State University told the paper that in the hot market of Phoenix, as many as 30 percent of the properties for sale on the market right now are owned by investors, while Sandra Geary, a real estate broker in Sonoma County in California said that her sales to investors have dipped by over 75 percent. "Now that the market is slowing down, it's scaring investors away," Geary told the Journal . Citing data from the mortgage analysis firm LoanPerformance, the paper reported that in some regions such as Redding, Calif., investors made up 22.01 percent of the purchases made through September. Recent industry reports have hinted at a slowdown in the real estate market. On Tuesday, the National Association of Realtors said that pending home sales in October dipped by 3.2 percent, while the Federal Reserve reported last week in its "beige book" summary of economic conditions that some housing markets have cooled. "Generally, residential real estate market activity remained high, but many districts reported a slowing or cooling of activity," the Fed said in its report. Even the latest data from the agency which oversees the mortgage firms Fannie Mae and Freddie Mac, reported slower growth in home prices as the average price for a U.S. home rose 12.2 percent for the 12 months through Sept. 30 from a year earlier, compared to 14.2 percent in the period ending June 30. Even interest in condos has waned in regions such as Washington D.C., as cancellation rates have been rising, the National Association of Home Builders told the paper. "It's largely because of investors" pulling back, Gopal Ahluwalia, the organization's staff vice president for research told the Journal . If demand by investors weakens, that could hasten any slowdown in the market, David Berson, chief economist at Fannie Mae told the Journal . According to his estimates, home sales will fall by 10.4 percent over the next two years due to a drop in the number of investors and the number of second home purchases. _______________________ "Take this house and shove it" -- Click here . The Hot List Most profitable renovations How risky is your 401(k)? Big new tax credits for hybrid cars More Economy Risky business in 2006? Could be Home sales fall Jobless claims edged higher last week contact us | magazine customer service | site map | glossary | RSS | press room OTHER NEWS: CNN | SI | Fortune | Business2.0 = Money subscribers = Premium content -- * - Time reflects local markets trading time. † - Intraday data is at least 15-minutes delayed. Disclaimer © 2005 Cable News Network LP, LLLP. A Time Warner Company ALL RIGHTS RESERVED. Terms under which this service is provided to you. privacy policy Reprints of site stories are available. Top Stories Most overvalued housing markets Risks to the economy in 2006 Which was the worst ad of all in 2005? After the ride, a rest Hilton brands reunite after 40 years YOUR E-MAIL ALERTS Follow the news that matters to you. Create your own alert to be notified on topics you're interested in. Or, visit Popular Alerts for suggestions. Manage alerts | What is this?
Real Estate Broker
Real Estate | Homes for Sale | Houses for Sale | RealEstate | REALTORs ® | Real Estate Agent BUY A HOME SELL A HOME HOME LOANS NEW HOME CONSTRUCTION ABOUT US MY ACCOUNT FREE HOME PRICE CHECK ® Learn the Market Value of Your Home! NEW CONSTRUCTION Search for a New Home and get 1% Cash Back EXISTING HOMES Receive a Gift Card Worth up to $1,000 or more.** HOUSEWATCH SM Get notified by email as new home listings come on the market. PRE-QUALIFICATION Get up to 4 Mortgage Offers in Minutes HOME IMPROVEMENT CENTER Find Pre-Screened Home Contractors in Your Area. REALESTATE.COM IN THE NEWS SEARCH OVER 1 MILLION HOMES GET YOUR CREDIT SCORE REAL ESTATE AGENTS View and Save homes easily. Please Choose Alberta, AB Alaska, AK Alabama, AL Arkansas, AR Arizona, AZ British Columbia, BC California, CA Colorado, CO Connecticut, CT District of Columbia, DC Delaware, DE Florida, FL Georgia, GA Hawaii, HI Iowa, IA Idaho, ID Illinois, IL Indiana, IN Kansas, KS Kentucky, KY Louisiana, LA Massachusetts, MA Manitoba, MB Maryland, MD Maine, ME Michigan, MI Minnesota, MN Missouri, MO Mississippi, MS Montana, MT New Brunswick, NB North Carolina, NC North Dakota, ND Nebraska, NE New Hampshire, NH New Jersey, NJ New Mexico, NM Nova Scotia, NS Nevada, NV New York, NY Ohio, OH Oklahoma, OK Ontario, ON Oregon, OR Pennsylvania, PA Rhode Island, RI South Carolina, SC South Dakota, SD Tennessee, TN Texas, TX Utah, UT Virginia, VA Vermont, VT Washington, WA Wisconsin, WI West Virginia, WV Wyoming, WY Lenders will look at your credit score. And so should you. Partner with a fast-growing online network today. CLICK HERE Buying a Home | Selling a Home | Homes for Sale | Credit Report & Score | House Prices at Domania New Home Construction | Find a Mover | Find a REALTOR ® | Home Financing | Real Estate Learning Center Customer Service | Publications | For the Media | News Releases | Join Our Real Estate Network | Post Home Listings Privacy | Security | Terms of Use | Jobs | Disclosures and Licenses | Sitemap | Loans | Commercial Real Estate Houses for Sale in: Atlanta | Austin | Boston | Charlotte | Chicago | Dallas | Denver | Houston | Las Vegas | Los Angeles Miami | Minneapolis | New York | Philadelphia | Phoenix | San Antonio | San Diego | San Francisco | Seattle Washington, DC | Real Estate in More Cities LendingTree technology and processes are patented under US Patent Nos. 6,385,594 and 6,611,816. © 1998 - Real Estate.com, a service of LendingTree, LLC. All Rights Reserved.This site is directed at, and made available to, persons in the continental U.S., Alaska and Hawaii only. Conversion to LendingTree, LLC We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. We encourage and support an affirmative advertising and marketing program in which there are no barriers to obtaining housing because of race, color, religion, sex, handicap, familial status, or national origin. REALTOR ® -- A registered collective membership mark that identifies a real estate professional who is a member of the National Association of REALTORS ® and subscribes to its strict Code of Ethics. Not all of the real estate professionals participating in the "Agent's Competing" program are REALTORS ® , which are members of the National Association of REALTORS ® . The Home Depot ® is not affiliated with LendingTree, LLC. The Home Depot ® is a registered trademark of Homer TLC, Inc. RealEstate.com is not sponsored by or affiliated with the parent franchisor companies of any of the participating members of its network. * Represents amount of consumer incentives and rebates (in the form of gift cards or other incentives) paid to consumers since August, 2000. ** Full Terms and Conditions Partner Sites: Citysearch | Expedia | Hotels.com | Ticketmaster.com | Hotwire.com | Entertainment.com | Match.com Home Shopping Network | ReserveAmerica | LendingTree.com | iNest | ServiceMagic | Ask Jeeves | Gift Ideas Mortgage Calculator | Refinance at GetSmart | LendingTree Mortgage | Free Online Credit Report | Home Equity Loans
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