some parts of the country, housing prices are falling at double-digit rates. A bad situation for homeowners, but a possible opportunity for investors. Money reporter Stacy Johnson explores what’s next, and who might benefit…
Duration : 0:1:37
Extract from Eyeworks New Zealand TV program NZ Open Home: “A guide to investing in commercial real estate.” Features Mark Withers, author of PROPERTY TAX and contributor to COMMERCIAL REAL ESTATE INVESTORS GUIDE by Peter Aranyi www.EmpowerEducation.com
[Used with permission.]
Duration : 0:6:21
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Aug. 10 (Bloomberg) — The collapse in commercial real estate is preventing Federal Reserve Chairman Ben S. Bernanke from declaring the economy and financial markets are healed.
Property values have fallen 35 percent since October 2007, according to Moodys Investors Service. Thats making it tough for owners to refinance almost $165 billion of mortgages for skyscrapers, shopping malls and hotels this year, pressuring companies such as Maguire Properties Inc., the largest office landlord in downtown Los Angeles, to put buildings up for sale.
Negative Fundamental
Demand for commercial space comes from employment and the income generated by that employment, said University of Pennsylvania Professor Joseph Gyourko, director of the Wharton Schools Samuel Zell and Robert Lurie Real Estate Center in Philadelphia. Mounting job losses are a really significant negative fundamental, signaling that conditions are going to be tough for the industry for a while, he said.
That may spill over into mounting losses at some banks. Forty-seven percent of loans at the 7,000-plus smaller U.S. lenders are in commercial real estate, compared with 17 percent for the biggest banks, according to New York-based Goldman Sachs Group Inc.
Duration : 0:5:57
http://www.realestateriches.com I’m Steve Toomey from Pennsylvania right in the Allentown real estate market. Before I went through the Real Estate Riches investment program, I owned and operated restaurants and nightclubs. Additionally, I invested in real estate in Lehigh Valley. What prompted me to go to the Real Estate Riches workshops was a local radio personality by the name of Craig Stevens. I had listened to him on the radio talking about different real estate transactions he was able to do and realized they were a lot better than the real estate flips I had done. Craig pointed out he had never done real estate prior to going to the Real Estate Riches workshop so I thought the least I can do is check out the workshop. When you go through the workshop you become part of a real estate investment group where you can discuss investment with other real estate investors from the Real Estate Riches, you can post properties you want to sell. I’ve had the opportunity to buy and hold properties, flip properties and refinanced and cashed out properties. Without the Real Estate Riches program I’d be doing the same thing I’ve been doing for the last 23 years! Distributed by Tubemogul.
Duration : 0:2:26
http://www.kickassrealestate.com/1