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Tenants from Hell — Because we all hear about them

Ever had a tenant from hell? If you haven’t been graced with a truly bad tenant, you should count yourself among the very lucky. Many landlords have seen their share of awful tenants. Learning how to avoid them can be difficult especially if you don’t know what to look for. Here are some guidelines for avoiding and dealing with tenants from hell. Tenant from Hell Stories The Internet is full of tenant from hell stories. Whether you’re dealing with a hoarder tenant, a tenant who not only hasn't paid the rent, … [Read more...]

Price Gains to Slow But Recovery Will Continue

With strong price gains continuing to make headlines, industry analysts are quick to assure us we are not in the midst of another bubble. The current pace of price appreciation will not endure much longer, they say. However, Capital Economics also assures us a deceleration in price gains does not mean an end to the housing recovery. CoreLogic, Zillow, and other industry observers concur prices appreciation is set to slow, and Monday’s US Housing Market Update from Capital Economics reinforces this prediction. … [Read more...]

Case-Shiller Indices Show Midwest Price Weakness

Despite weakness in the Midwest, home prices posted their strongest year-over-year gain in almost seven years in February, according to the Case-Shiller 10- and 20-city Home Price Indexes released Tuesday. Home prices rose year-over-year in all 20 of the cities in the Case-Shiller survey.  Month-over-month, the 10-city index improved 0.4 percent in February, while the 20-city index was up 0.3 percent. On a yearly basis, the 10-city index was up 8.6 percent, and the 20-city index rose 9.3 percent. Economists … [Read more...]

Home Values Climb for 16th Straight Month in February

Home values maintained their upward trajectory in February after climbing for the 16th straight month, according to Zillow’s monthly Home Value Index.  The index registered a national value of $158,100 last month, which represents a slight 0.1 percent increase from January and a 5.8 percent jump from February 2012, Zillow reported. The yearly gain is the second largest increase since August 2006. In January, the year-over-year gain was 6 percent. At the same time, all 30 of the largest metros tracked by the … [Read more...]

Investment ROI Calculator Tutorial

This video will go over how use our simple investment ROI calculator to determine if the property meets your goals. Please leave any comment or questions below or feel free to give us a call. I hope you find this useful. … [Read more...]

Role of Nonprofits in the Home Repair Industry

Parks Properties is partnering to create a nonprofit in the next few months. We're looking for Sociable Responsible Investors (SRI) who might want to invest in our partnering. For more information please contact me either by calling (800)994-3510 or using our Contact Us page. Nonprofits such as Rebuilding Together, Habitat for Humanity, NeighborWorks America and others play a critical role in the home improvement and repair industry, according to a study titled The Role of Nonprofit Organizations and Public … [Read more...]

NAR Makes Forecast on Housing, Economy

The National Association of Realtors (NAR) offered market projections into 2014 during a forum at the 2012 Realtors Conference and Expo. NAR chief economist Lawrence Yun says he expects the market share of distressed sales to fall from about 25 percent in 2012 to 8 percent in 2014, according to a release on the forum.  Mark Vitner, managing director and senior economist at Wells Fargo, was one of the speakers at the NAR forum. Vitner compared distressed homes to an after-Christmas sale stating, “most of the … [Read more...]

CoreLogic: September Sees Biggest Yearly Price Gain Since 2006

Home prices in September posted their biggest yearly gain in more than 6 years, but prices displayed a typical seasonal slowdown and fell month-over-month, according to the Home Price Index (HPI) report from CoreLogic. When including distressed sales, the report showed home prices moved higher by 5 percent from September 2011, the seventh straight month of yearly increases and the biggest annual gain since July 2006. From August to September, prices decreased by 0.3 percent. CoreLogic’s … [Read more...]

Will the Upcoming Election Shed Some Light on Shadow Inventory?

Ever since the notorious subprime mortgage meltdown and subsequent collapse of the housing market in 2007-2008, many of the nation’s lenders have found themselves loaded down and plagued with a plethora of foreclosed real estate holdings. Not wanting to create an influx of inventory in what had been an unambiguous buyer’s market for several years, lenders were hesitant to overstep the delicate tenets of supply and demand for fear that such a step would further reduce property values, diminishing their … [Read more...]

Inventory of New Homes Down to Lowest Level in Nearly 50 Years

The U.S. housing market “has entered a sustainable period of improving conditions,” Pro Teck Valuations CEO Tom O’Grady says in the company’s most recent Home Value Forecast. Pointing to “very low mortgage rates, stable to rising home prices, declining unemployment, declining housing inventories and a strong rental market,” O’Grady says housing is in a good position to continue growth. Those positive trends should lead to growth in the overall economy, he adds. “As real estate has historically been one of … [Read more...]