You might have expected a mass exodus from the eurozone in light of the region’s ongoing debt crisis, but analysts say fears about the stability of the United States’ economy are keeping investor funds in the region. Through the end of October, investors had pulled out only about 5 percent of the $2.8 trillion invested in Europe at the start Read full article »
Training & Education: 3 Easy Changes to Make for Winter Energy Conservation
With oil prices heading up and the average cost of heating expected to log in at nearly $2,500, homeowners are doing everything possible to minimize their winter energy expenses this year. As an investor, you can do some simple things to minimize heating costs that will make your properties far more attractive. With just a small investment of time and Read full article »
Most-Searched Housing Markets Reflect the Chill
One way that Trulia analysts track homebuyer-interest is through online search information, and as winter sets in and the flakes start falling the sunbelt cities are getting some serious attention. Of the top seven most-searched cities this fall, four are in Florida and the other three are in California, South Caroline and Texas. Trulia’s chief economist Jed Kolko credits not Read full article »
Heating Prices Heading Up this Winter
The U.S. Energy Information Administration (EIA) Expects Heating Prices to jump 10 percent this year, on average. That’s nearly $1,000 more than in 2009. Although using natural gas to heat your home will lower that cost, the 8.2 million homeowners still dependent on oil due to lack of renovation options or a lack of natural gas options are concentrated mainly Read full article »
Cold, Hard Numbers: 20
20…The percentage by which the number of owner-occupant REO buyers has dropped in the past two years. In 2009, around 80 percent of REO buyers were owner-occupants. That number now hovers around 60 percent and is on the decline. Analysts blame decreased access to credit and a failure to repair foreclosed properties to “move-in condition.” Some experts blame investor acquisition Read full article »
The Politics of Real Estate
Few industries are as profoundly impacted by the political machinations in Washington as the real estate industry. Whether it's old legislation like Jimmy Carter's Community Reinvestment Act or Barack Obama's massive mortgage bailouts, the U.S. political machine has a huge impact (usually bad) on the business of real estate.
Ideally, we could ignore politics. But here at the Bryan Ellis Real Estate Letter, we insist on seeing the world with clarity - including the reality of Washington's aggressive involvement in every facet of our business, from mortgage lending to real estate sales license; from loan modification regulations to appraisal requirements... every piece of our business is profoundly impacted by politics. So rather than stick our heads in the sand and ignore reality, readers of the Bryan Ellis Real Estate Letter choose to be informed and prepared.
Mortgage Industry News
Few things change more rapidly than the mortgage market, and with the increasing dominance of GSE's Fannie Mae and Freddie Mac over the mortgage business, it's more important than ever to keep up. Here are a few recent mortgage news updates:
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Mortgage News
- HAMP Success Tally Slowly Growing
- Western States Working Through Foreclosure Backlog Quicker than Eastern
- Biggest Down Payments in the Country Found in New Jersey
- President Bypasses Congress, Appoints Director of the Consumer Protection Bureau
- Federal Reserve Recommends Expanding GSEs to Turn Housing Market Around
- Mortgage Rates Likely to Remain Low for a While Longer
- Top Former FDIC, Wells Fargo Execs Say Fannie and Freddie Must Go
- FHA Continues to Extend Anti-Flipping Waiver
- More Homeowners Using Delaying Tactics to Slow Down Foreclosures
- Now that It’s Passed: The True Cost of the Payroll Tax Cut
About Bryan Ellis
Bryan Ellis is an Atlanta-based real estate analyst and publisher of the widely read newsletter "The Bryan Ellis Real Estate Letter". With over 200,000 subscribers - including real estate investors, agents, brokers, appraisers and other real estate professionals - the Bryan Ellis Real Estate Letter is among America's largest sources of unbiased coverage of politics and public policy for the real estate industry.
Bryan Ellis serves as editor in chief for the Bryan Ellis Real Estate Letter and is assisted by an extraordinary staff of writers, researchers and editors who are each real estate experts in their own right and who assure that the news we report is well researched, factual, and highly relevant to today's real estate industry.
Bryan is very happily married and has two wonderful daughters. He makes his home in the suburbs of Atlanta, Georgia. You can contact the team at the Bryan Ellis Real Estate Letter here.
