Each time we walk along the streets of our town, we are bound to bump into various people who are handing out leaflets of properties and estates where we may be interested in investing. One thing you would be looking at is the cost and then the location of course. The first one is only normal but the latter is something that plays a vital role in setting the investment price for getting one.

It all depends on how much you are willing to invest. Many may be wary of it but at some point in time you will invest in them since you are looking for that final destination in your life called home sweet home.

As far as going green is concerned, energy utilization is by far one of the most common things that people have to worry about. We all know that they are an important need to operate our home gadgets and appliances but the energy use is something that we would end up having to think of once our energy bills start coming in.

So we see solar panels being the talk of the town these days. With that in mind, how can you fit in and start looking for the best way to conserve energy? Just browse the web and look for the professionals who specialize in it. It is worth the time and effort.

by Stefan Swanepoel

We all know that 2000 – 2005 comprised one of the hottest real estate markets on record in which the industry enjoyed tremendous growth. But are there any consequences to the industry?

“Definitely” says Stefan Swanepoel, author the annual Swanepoel Trends Report in his latest 2007 edition. “During this period of growth the country experienced a buying frenzy fed by low interest rates, a plate full of new mortgages, bullish customer confidence, low unemployment, strong economic growth and excellent price appreciation. Many economic factors were required to be in place for the prolonged real estate boom,” Swanepoel says. “The consumers� hunger seemed to have no end but it took more than just an appetite for bigger and better to fuel such a run in real estate”.

According to many sources outside the real estate industry, this market is destined to have its bubble burst with higher mortgage rates, a downturn in home sales, an increased inventory of unsold homes and an economy headed for a recession. Industry insiders, however, paint a much different picture based upon: strong employment; an artificially high demand for home buying that has dissipated; the balancing out of homes purchased by investors for rapid appreciation being put back on the market; lower interest rates; and a strong economy.

Learn more from retrends.com

The real estate boom over the past two decades has been felt all over North America, especially in major centres across the United States and in Canada. However, in each of these cities and towns, the types of real estate properties that are of most interest to home buyers and real estate investors is surprisingly quite different. For example, Miami residents are most interested in waterfront villas and tall residential high-rise buildings along the water and marinas. For New Yorkers, finding the perfect loft or condo residence close to where they work is usually the most important factor. Boston residents find brownstones and town houses the most interesting and unique type of housing available in the United States while Seattle is most interested in master-planned condo communities that provide extravagent amenities and condo features. However, whatever type of property you are looking to live in, every city will have.

As for Canada, the major cities with huge increases in property prices include Toronto, Vancouver and Calgary. Other condo and real estate booms are just now beginning in cities such as Edmonton, Red Deer, Ottawa, Kitchener and Montreal. Regardless of all the doomsday projections of a real estate bust, remember that in any market or time, some cities will boom while others won’t. As a real estate investor, it is important that you do your homework and purchase condos and residence homes only in those areas that have the greatest potential for growth.

Source: urbanlivingcondos.com

CLEVELAND (CNNMoney.com) — All over Slavic Village, Cleveland, a neighborhood with the one of the highest foreclosure rates in the nation, empty houses have invaded once vibrant streets.

Many of the owners left behind live near abandoned houses that shelter squatters and worse. Crime has soared and owners would leave, if they could, but their homes have plunged in value. Leaving would mean starting from scratch.

“[The remaining residents] are hard working citizens who have seen the value of their most valuable assets, their homes, plummet,” said Jim Rokakis, treasurer of Cuyahoga County.

Some of them soldier on, fighting back to reclaim their neighborhood and restore some of the value to their homes.

One of those owners is Barbara Anderson, who mostly enjoyed the first 20 years she lived in Slavic Village, despite being, as the first black person on her street, a target of racial bias. The community was very attractive to her back then.

“When I first bought there the neighborhood I thought it was so picturesque, close-knit,” she said.

Today, several homes on her block are empty and others have been demolished. She and her neighbors, “feel victimized” she said. “Property values go down; safety is jeopardized; drug dealers and prostitutes moved in.”

As foreclosures increased, home prices in Slavic Village nose-dived – far more than in the rest of the city.

The National Association of Realtors reported that median house prices fell 4.2 percent for all of Cleveland over the past 12 months. But in Slavic Village, values have plunged between 25 percent and 45 percent, according to Mike Graham, of MRT Associates, the Cleveland representative for Zaio Corporation, a national appraisal company.

Who, after all, would buy a house on a block where every second home is vacant? The remaining residents gradually became prisoners of the foreclosure war.

“The vacant houses have reduced the value of my home,” said Anderson. “Even if you want to, it’s hard to move,” she said.
Taking matters into their own hands

“People are feeling more angry than trapped,” said Marie Kittredge, executive director of Slavic Village Development, who has lived in the neighborhood for nearly 20 years. Homeowners have banded together to try to save their community.

Anderson, who works in the county’s ombudsman’s office, is president of the Bring Back the 70s Street Club (the 70s refers not to the years but to the street numbers), which battles blight. The club organizes street cleanups and community watches, and maintains the yards of empty homes.

Last summer, members gathered 400 or 500 tires during their annual cleanup of empty lots in the 70s blocks.

The club also alerts police to criminal activity and lobbies the city and area businesses for money and other help.

It’s already too late to rehabilitate many of the empty houses. Most of the ones stripped of aluminum siding and copper piping and wiring are too damaged.

What would help, according to Kittredge, is if police discouraged scrap dealers from buying materials they must know were obtained illegally. Part of the perfect storm that hit the community was a rise in commodity prices. “If scrap prices were low, we could keep vacant houses up for years,” she said.

“Once somebody pulls the piping out, it’s all over,” said Mark Wiseman, director of the Cuyahoga County Foreclosure Prevention Program.

Many of the once-proud places have been razed, leveled to the ground, leaving some streets looking like old hockey players’s gap-toothed smiles. Under one program, next-door neighbors may buy the adjacent lots for just $1 each.

Kittredge said that her block has maintained itself well. Even though there are vacant properties, neighbors keep them up, mowing the lawns and trimming the shrubs, for instance. “We decorate them for the holidays,” making them look lived in.

Kittredge is committed to the neighborhood, which she describes as a wonderful place when she moved in but that is, for her “even more interesting now,” more diverse.

Still, for Anderson it’s hard to feel good about living in the heart of the foreclosure crisis.

“I can’t tell you what it does to your spirit,” Anderson said. “You look at the abandoned houses and it really dampens you.”

Source

When talking about real estate and property ownership in the United States, there is a common fear among home owners and real estate investors that we are upon a real estate market crash within the next decades. Already proving that no market can continue to expand and increase in value forever, San Francisco and Las Vegas have seen recent dips in property values over the past two years. While many home owners and ‘self-made’ investors are calling fowl by banks who were offering ‘too good to be true mortgages’ and selling off their properties at a loss, many savvy real estate investors know that in any type of market (either boom or crash), there is money to be made in the long run.

Real estate over the past decade in the US has seen many ordinary people become millionaires by banking on capital gains over a short term. Many people purchased pre-construction condos and real estate homes and townhomes and flipped them in the hot market. This is no longer possible, as many of the major markets and cities in the United States are now flooded and saturated with properties for sale, and with higher interest rates and borrowing rates, this has lead to a steady decline in real estate home and condo sales this year. It is important to note that with proper research and planning, real estate investment is one of the safest investments out there. Again, in any type of market, there is always need for condos, residences, townhomes, resort properties and other type of homes, and the key is to find undervalued homes and making sure that cashflow is either positive or even so that you won’t over burden yourself once rates hike even further. In summary, real estate including pre-construction, under development and more established homes are still opportunities for investment even though everyone is still talking about a big real estate crash in the coming years.

Source: urbanlivingcondos