Real Estate Investment News from NARREIA.com

Las Vegas Real Estate Market Report: 7/2/08

Las Vegas Real Estate Market Report: 7/2/08 This is the latest Las Vegas Real Estate Market Report from www.NARREIA.com (

Downtown Raleigh Continues to Grow

This past week a Florida developer broke ground on a redevelopment project in downtown Raleigh which will consist of the kind of mixed-use development the city wants to encourage. The 21 acre Blount Street Commons project will include the renovation of several older homes a couple of blocks from the Governor’s Mansion. The final project will likely include over 400 homes and 110,000 square feet of shops. The area being redeveloped is near state government buildings, including the legislature and the Museum of Natural Sciences which will soon undergo a major expansion. Other projects in the downtown area have been slowed down by the current nationwide credit crunch. Three new hot

AT&T Moves World Headquarters to Dallas-Fort Worth

From MSNBC.com AT&T to move headquarters to Dallas: World’s largest telecommunications company is leaving San Antonio DALLAS - AT&T Inc., the nations largest telecommunications company, said Friday it is moving its corporate headquarters to Dallas from San Antonio for easier access to customers and operations around the world. AT&T said the move would begin within weeks and is expected to be complete around the end of the year. The move will put AT&T closer to many of its technology suppliers and help cement the Dallas area as a telecom hub. Nokia Corp., Nortel Networks Corp., Ericsson and others have major operations here. AT&T expects the move to involve ab

RALEIGH: Growth Is Still On!

I commonly hear "circle the wagons" or "the feels like the world is ending". But I hear these phrases from people outside the Triangle (RTP / Raleigh / Durham) area. Those of us who live and work here arent feeling the same thing that everyone else in the US may be feeling whether they believe it is real or imagined. I agree that in some places that the pain is very real, just not here in Raleigh. Raleigh Investment Real Estate is a firm that specializes in income and investment related property. We work with both commercial and residential. Over the last 3-4 years we have spent a significant amount of time putting together new construction managed communities. These opportunities are pe

US Interest Rates and Economic Intelligence by Jay Goldinger

Pretty interesting and very informational...check it out! http://www.earlywarningwire.com

LAS VEGAS LENDER FORECLOSURE HOME AUCTION 6/28 & 6/29

REDC is holding another big auction this upcoming weekend here in Las Vegas. There will be 187 homes auctioned off in the south part of Las Vegas & Henderson and 311 homes in the north part of the city. For more information on this auction and other upcoming ones contact me today!

Las Vegas Real Estate Market Report: 6/25/08

Las Vegas Real Estate Market Report: 6/25/08 This is the latest Las Vegas Real Estate Market Report from www.NARREIA.com (

San Antonio good news roundup

From RECON come these news items illustrating that San Antonio is still a stable, growing market for real estate investment: A great place to live “San Antonio has been named the fifth best large metropolitan city in America for relocating families by Worldwide ERC and Primacy Relocation. The two companies examined several factors, including job growth figures for 2007, percentage of nearby top-ranked colleges, average in-state tuition for four-year public colleges, the amount of pediatricians per 100,000 population, and taxes.” Job growth San Antonio’s “entire private sector grew by 1,000 jobs, and medical facility growth gave a leg up on employment in the ed

Austin Real Estate: The Best Place for Young Adults?

Youthful spirit and economic vitality go hand in hand. Communities with large concentrations of young adults are more likely to prosper, according to a new bizjournals study. The correlation is driven home by the studys comparison of metropolitan areas that skew young or old. Group No. 1 consists of the 11 major markets where more than 25 percent of all residents are 18 to 34 years old. Group No. 2 contains 14 metros where fewer than 22 percent are young adults. Heres how they match up: -- The young markets have been experiencing population growth of 2.1 percent per year since 2000. Thats seven times the growth rate of 0.3 percent for the old markets. -- The annual rat

What Is Going On?!

What’s Going On?! 5/21/08 This is a market condition report for Las Vegas, so what is the condition of the market in Las Vegas? That will probably change during the time it takes me to write this report! Actually, I see a whole lot of frustration out there. This is nothing new from the traditional sellers, this has been going on for quite some time. I see no change on that front for 12 – 18 months (give or take). What is new, however, is massive frustration on the buyer’s side of things. A lot of you are saying, “It’s a huge buyer’s market! How can there be frustration on the buyer’s side, they can write their own ticket

AZ: Investors are BAAAACK!

Investor activity has increased in Arizona recently with the lower prices from short sales and REO/bank owned properties. I recently sold 3 REO/foreclosure properties to investors and all were less than $139,000. And it is not just the low or mid-range properties that are attracting investor interest once again. I will be showing a client a high end luxury property in Chandler built in 2006 (4,200 sq ft, 6 bedrm/4 ba/3 car, on water in golf community, highly upgraded) that was appraised @ $1.3m in 2007, went to a Short Sale early 2008 at $1,050,000, then reduced even lower to $850,000, still didnt sell and was foreclosed on late May and is now back as an REO for $650,000. Here

AZ: Falling Prices, Rising Affordability

Arizonas real estate market continues to struggle,like much of the rest of the country. The long term outlook is good for real estate investors, given the projected doubling of the population by 2030, but the short term prospects are not for the faint of heart! Here is an update from ASU that you will find interesting: ASU-RSI: Phoenix Housing Prices Continue to Fall Arizonas most severe real estate downturn began in the late 1980s and stretched deeply into the next decade. At the abyss, home prices in the state had declined (on a repeat-sale basis) for a record 17 straight months. The current economic slowdown, caused by the subprime mortgage crisis of 2007 and th

Las Vegas Real Estate Market Report: 6/18/08

Las Vegas Real Estate Market Report: 6/18/08 This is the latest Las Vegas Real Estate Market Report from www.NARREIA.com (

Las Vegas Real Estate Market Report: 6/11/08

Las Vegas Real Estate Market Report: 6/11/08 This is the latest Las Vegas Real Estate Market Report from www.NARREIA.com (

Pending Home Sales Rise 6.3%

Reuters April pending home sales rise 6.3 pct: NAR Monday June 9, 10:01 am ET WASHINGTON (Reuters) - Pending sales of previously owned U.S. homes unexpectedly rose in April to their highest level in six months, a real estate trade group said on Monday. The National Association of Realtors Pending Home Sales Index, based on contracts signed in April, increased 6.3 percent to 88.2 from an unrevised 83.0 in March. Despite the uptick, sales were 13.1 percent lower than a year ago. Economists polled by Reuters before the report were expecting pending home sales to decline 0.5 percent. The associations chief economist Lawrence Yun said regions of the country that have seen shar

Bay St. Louis Mississippi Update

For those who made it to our Fly & Buy Events and invested in a home (most did 2) they received $7000 in bonuses and upgrades plus travel expenses of up to $750. Plus we had a bunch of fun with our big Crawfish Boil and street party at the Mockingbird in downtown Bay St. Louis. We had 600 lbs of crawfish and plenty of adult beverages and all had a great time. Most of the 200 volunteers who participated in the Bayside beautification (clean-up) event were in attendance. Due to the overwhelming response we are having another the weekend of June 21. Email me for details. See link below. Just wanted to keep you all in the loop. We are having a price increase on the Violet effective the 21st

The Builder Scam in Denver.

Wait until you read this. You dont know about it, and very few people do, except the ones who have been scammed. Remember the old days? A builder would buy a lot from a developer and build a house on it. The developer spent a lot of money getting the lot ready. The developer would pave the streets, put in the sewer and water systems and drainage systems and more. This money was paid back to the developer when the builder bought the lot, and everyone did ok. These new guys have figured out a way around that system. Now the developer gets the sites ready, but he floats a bond issue ( a really big loan) for the actual cost. This is a bond, or loan, for millions of dollars for 2

Dallas Fort Worth Investment Opportunities

The market is still stable in Texas, especially in light that foreclosures have always been an issue. Give me a call for more explanation, but it has to do mostly with Texas not having a state income tax and relying primarily on property taxes for school, road and infrastructure funding. Sales prices have trended slightly lower in the last few months while rental rates have increased substantially. With less renters leaving the "renter pool" because they cannot get qualified for a property, more are relying on renting a single family home to provide the next step in their life as they have children, get married, or merely want to escape the apartment lifestyle. Give me a call if you

Expert Advice...?

There are almost as many real estate experts around these days as there were real estate investors a few years back. Everyone has an opinion about the current market and where it is headed. Here is an article courtesy of the AZ Republic where there is a discussion between several acknowledged real estate "experts" and what they feel is ahead for Arizona. "3 experts sift through rubble of Valley market for signs of life" At Valley dinner parties and soccer games, the talk still turns to real estate. Whose home is for sale? What is it worth? Why did they lower the price so much? Did you see that foreclosure sign on the next block? Is now the time to buy low? So we invited the s

Las Vegas Real Estate Market Report: 6/4/08

Las Vegas Real Estate Market Report: 6/4/08 This is the latest Las Vegas Real Estate Market Report from www.NARREIA.com (

Panama City Beach #1 Place to Buy A Summer Home

Summer is here and what a better way to kick off the year! Just released from AOL, Panama City Beach, Florida in the Top 5 for Bargain Places to Own a Summer Home....and where did we rank? Thats right...#1! The timing couldnt be any better. The condo market has slowed, rates are steady for the most part, and the single family homes close to the beach are back in a reasonable price range. This is a great way to launch into the summer season and from an investment standpoint, the news cant be much better. Feel free to email or call us today 850-230-3000 to see how we can better serve you or your customers in this wonderful market.

Kiplinger ranks Raleigh among Best Cities to Live Work and Play

It just so happens that while the national economy and real estate are struggling, Raleigh is on its way up! Kiplinger just named Raleigh one of the Best Cities to Live Work and Play. Kiplinger cited the following regarding their choices for best cities: “(Kevin) Stolarick, research director at the Martin Prosperity Institute, a think tank that studies economic prosperity, says: "Our formula highlights cities not just with strong past performance, but also with all the ingredients for future success." One key to a bright future is a healthy shot of people in the creative class. People in creative fields -- scientists, engineers, architects, educators, writers, artists and entertai

Is this the future?

Bear with me for a minute, while I ask this question. There is a real neighborhood, which we will discuss hypothetically. I wouldnt want to start a serious problem, and theory is enough in this case. Lets call it Sub A, for subdivision A. Sub A has a lot of foreclosed properties. The homes sold for around $360,000 a few years ago, and now the foreclosures, because of condition and desperation, are selling for around $300,000. Some foreclosed properties are a little lower at about $275,000. I was wondering today, as I worried about the sales in Sub A, that this might be a trend that will continue. The owner who is ok now might get in financial trouble. He will not be abl

Las Vegas Real Estate Market Report: 5/28/08

Las Vegas Real Estate Market Report: 5/28/08 This is the latest Las Vegas Real Estate Market Report from www.NARREIA.com (

Austin Area Real Estate: Recession Proof Market?

We think many of our investors and clients should take a look at the article above. I have noticed that many people are taking a "wait and see" attitude about buying real estate in Austin, largely in part to the "mortgage meltdown" and national trends in real estate. Austins listing inventories are up as compared to this time last year. What does this mean? It is actually a great opportunity to buy Austin. The following is from the Austin Business Journal, May 7, 2008. Austin was named third on the Forbes.com list of the top 10 "Recession-Proof Cities" in the United States. To create the list, the magazine looked at the 50 largest U.S. metros, examining key measures, such as

Busy market in San Antonio

Forbes magazine recently ranked San Antonio second, behind Oklahoma City, in its list of top-ten recession-proof cities. And here is the latest update on the San Antonio housing market from the Texas Real Estate Research Center: According to the latest analysis by leading housing-market research firm Metrostudy, between the months of January and March of this year, construction began on 2,332 single-family homes - down 35.3 percent from the 3,606 housing starts recorded during the same three months in 2007. Meanwhile, over the first three months of this year, buyers closed on the purchase of 3,318 new single-family homes - a 24.5 percent decline from the 4,395 homes purchased durin

What's Going On?

Las Vegas Real Estate Market Report: 5/21/08

Las Vegas Real Estate Market Report: 5/21/08 This is the latest Las Vegas Real Estate Market Report from www.NARREIA.com (

Panama City and Destin Current Trends

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Price updates: Austin Real Estate

According to Zillows latest Home Value Report, home values in Austin increased 2.8% in the first quarter of 2008, compared to the first quarter of 2007. Nationally, single-family home values decreased 7.5% while condo values declined 9.0% during this same period. Over the month of April, however, we see a nudge downwards with prices and sales. Statistically speaking, for April 2008 compared to April 2007, our new listings were up 48.05%, our pending sales were down 67.04%, and our solds decreased by 17.31%. As for Average Prices during the month, the "New Listings" average list price is down 0.47% to 330,528. In April 2007 the average list price was $332,105. In March (2008) it

PRESS RELEASE: Ely, NV Boomtown

Note: This press release was picked up by Elys main newspaper and printed May 5, 2006, on the front page of The Ely Times

Western North Carolina Teleconference FREE: May 1, 2006
Peter Celnicker will be holding a FREE 35 conference call on Monday, May 1st, at 6 pm Pacific Time (9 pm EST). The focus of the call will be the booming Western North Carolina market and opportunities to purchase land for as little as 5% down and have the option to go 18 months without a mortgage payment. The Developer of the $500M project will be on the call and there will be an exclusive inventory of lots available just for the call participants. There is no obligation to attend the call, even if you just want to learn about the real estate market. The phone number is 1-800-377-8846, and the access code is 64459857 followed by the # sign. Please email petercelnicker@yahoo.com or call

Boise Conference Call FREE: March 8, 2006
Lyndon Holdeman, NARREIA Advisor for the Boise Idaho area, held a FREE 30 minute conference call on Wednesday, March 8th, at 4:00 PM EST/ 1:00 PM PST. Click here to listen to the conference call.

New Advisors: Flagstaff and Prescott (AZ)
On a recent trip through northern Arizona, we had the opportunity to meet with a few local real estate agents in Flagstaff and Prescott. We were very happy with the quality of the agents we met with. Patrick Schutte, of RE/MAX Mountain Properties, met us at The Gurley St. Grill for an extended lunch in downtown Prescott. Patrick is considered by many as THE person to talk with in Prescott for residential real estate investment. Patricks technical background easily allows him to perform in-depth analysis on investment properties and whether or not they will provide good returns. He said that Prescott has had considerable appreciation (over 25% in the last year) and is starting to slow dow

NARREIA Press Release: Dec. 09, 2005
National Real Estate Network Launches NARREIA for Local Real Estate Investors Las Vegas, Nevada (PRWEB) December 09, 2005 – The National Association of Residential Real Estate Investment Advisors (NARREIA) has launched its free nationwide investment advisor service, connecting local real estate investors on a national level with highly exclusive advisors in real estate markets across the country. By doing so, NARREIA provides detailed statistical analysis and an insider track to local investment opportunities from anywhere in the country. NARREIA is a collection of highly professional Realtors who have focused specifically on residential real estate investing on a national lev

Florida Road Trip!
For 30 days in October 2005, NARREIA completed its biggest adventure yet: travelling the entire state of Florida in a 25 RV in our quest to discover the best investment markets and savvy agents with local expertise. We dodged Hurricane Wilma in Fort Lauderdale, slept under towering oak trees in Tallahassee, saw some interesting and bizarre properties along the Forgotten Coast (from the Taj Mahal to grass-filled living rooms), and made a lot of friends along the way. Our primary objectives were: a) to find Advisors for NARREIA; b) to learn the details on each of the major Florida markets; and, c) to spread the word about NARREIA. We accomplished all of our objectives and then some. We

New Advisor: San Antonio, TX: Robin Rogers
bin gave us an extensive tour of San Antonio that included the historic districts (where theres great potential for rehab projects and long term rentals) and the northwest suburbs (which are good for new construction and long term rentals). Robin is a native of San Antonio and has lived there for many years, interspersed among her extended stays in Hawaii and England. Check out her recent Market Report on San Antonio.

New Advisor: San Antonio, TX: Judy Stockstill
On our way from San Antonio to Austin, we had an extra hour before our next meeting in Austin. So, we decided to meet with another local agent in San Antonio. We found one in New Braunfels, which is right off of I-35 on your way out of San Antonio heading towards Austin. Boy, did we luck out. The agent we ended up meeting with was Judy Stockstill, along with her husband George Stockstill. Judy and George were extremely informative about the San Antonio market and have an extensive background in real estate sales/development and financial analysis. They happened to know of 2 new construction homes, fully upgraded, that the builder was selling $20,000 below market value AND willing to pay c

New Advisor: Austin, TX: Steve Crossland
We met with Steve Cross in Austin last week, a day before Hurricane Rita hit the Texas coast. Steve gave us an extensive tour of Austin, focusing on the Soutwest. Weve been hearing the most buzz about the North, but Steves perspective and expertise is on the Southwest. We saw a few master planned communities such as Circle C and Belterra t

New Advisor: San Antonio, TX: Brett Kummer
Brett is a native of San Antonio and has in-depth knowledge of the housing market. He currently splits his time between San Antonio and Dallas, where he teams up with W. Brian Casebolt in new home construction investments. Brett and his family have been involved in San Antonio new home construction for many years. San Antonio hosts a friendly "small-town" atmosphere (slated to be the 7th largest city by 2010) that doesnt garner a lot of national attention, but continues to be a steady market for cash-flow properties and decent appreciation. For more information on San Antonio, contact Brett and visit his homepage on our site.

Contact Info
Contact Info: National Association of Residential Real Estate Investment Advisors (NARREIA) 702-944-8783 (phone/fax) Las Vegas, NV