Thursday, March 28, 2013

Dragon Baby FUNNY... FUNNY Funny!!


Monday, March 25, 2013

EXACTLY How High Home Prices Should Go By Dr. Steve Sjuggerud Monday, March 25, 2013 "This market is going crazy," a realtor friend just told me... "Just this week, I got a beach condo under contract... and I got four more offers within 36 hours." For years, I have urged you to BUY housing in Florida. I've told you housing here is attractively priced. And it will rise in price faster than just about anyone expects over the next decade. Now, it's happening. Have you missed it? Absolutely not. Home prices in Florida – and in the nation – can and should go much higher from here... Last week, I told you... Housing is incredibly affordable, and your risk is now reduced because the uptrend has returned. This is it. This is as good as it gets. Housing is about to soar. U.S. homebuilders told us the same thing in their recent earnings calls. Lennar (NYSE: LEN) and Toll Brothers (NYSE: TOL) both reported blow-out earnings last Wednesday. The stocks jumped 4.8% and 5.9%, respectively, on the news. The market is hot. The major homebuilders show a turning trend in housing. And the anecdotal evidence from locals backs it up. How high can home prices in Florida – and in the U.S. – go? Here's one simple measure we use to find out... It is housing's "fair value," based on housing "affordability." Housing affordability is a simple concept based on one question... Can the median American household afford the mortgage payments on the median house in America? To answer that, we just need three numbers... 1. Median household income 2. Mortgage rate 3. Median home price These three numbers allow us to calculate our "fair value" for home prices. As you can see in the chart below, fair value today is $265,000. Because of the worst crash in home prices in decades and the lowest mortgage rates in all of history, home prices are still more undervalued today than at any time in our investing lifetimes... U.S. Home Prices Are Still $82,000 Under Fair Value Exactly how much could home prices rise in America? Based on the numbers, our answer is: $85,000. The median existing home price in America today is $180,000. Meanwhile, our "fair value" for U.S. home prices based on our simple "affordability" median is $265,000. There's plenty of room for prices to run. The market has heated up. At the same time, real estate prices are different than stock prices – they move in terms of years, not minutes. You have serious upside potential here. By our math, the exact upside potential in the median home in America is $85,000. Of course, like any good boom, home prices could dramatically overshoot that number. To me, this makes housing still the best deal in America right now... Good investing, Steve Further Reading: Right now, "U.S. housing is the greatest value it's ever been in our lifetimes... and probably the greatest value it will ever be," Steve says. The uptrend is here... And now is the lowest-risk time to buy. Get the details here: Housing Is About to Soar... Don't Wait a Moment Longer. Steve says Florida is one of the best places to get your money's worth in real estate right now. He's personally invested in the sector below market value. But investors are flooding into the area, and opportunities are disappearing fast. Learn more here: GET ON IT! You've Almost Missed It in Florida Real Estate.

Tuesday, March 19, 2013

Tampa Coastal Homes

Tampa Coastal Homes

New construction permits jumped to their highest level since 2008 in February, according to this morning’s Commerce Department data release. Housing starts rose 0.8% in February to a 917,000 annual rate, slightly ahead of the expectations of 915,000. Permits for future home construction also jumped to the highest level since June 2008.

7112 Cromwell Park Lane, Apollo Beach, Florida on Vimeo

7112 Cromwell Park Lane, Apollo Beach, Florida on Vimeo

Ha... Not Part of Hedgefunds portfolio available for you... See why Blackstone and Buffet have come into the Apollo Beach area on Tampa Bay,,,,the last waterfront parcel on all of Tampa Bay!!

Monday, March 18, 2013

Florida home search : check Tampa Coastal Homes Bonnie Fagoh

'Growing pains' for home builders: Lack of lots, rising cost of materials and labor Home builders are optimistic about future sales of new houses; its current sales that are down. Enlarge Bloomberg News Home builders are optimistic about future sales of new houses; its current sales that are down. Kent Hoover Washington Bureau Chief Email | Twitter | Google The housing market's comeback has hit a speed bump -- an index of home builders' confidence slipped again in March. The index, which is compiled by the National Association of Home Builders and Wells Fargo, is on a three-month slide after eight months of gains. It's based on home builders' perception of current sales for new single-family homes and their expectations for future sales. Demand isn't the problem; supply is. There are "frustrating bottlenecks in the supply chain for developed lots, along with rising costs for building materials and labor," said NAHB Chairman Rick Judson, owners of Evergreen Development Group in Charlotte, N.C. "Home building is beginning to suffer growth pains as the infrastructure that supports it tries to re-establish itself," said NAHB Chief Economist David Crowe. "During the Great Recession, the industry lost home-building firms, building material production capacity, workers who retreated to other sectors and the pipeline of developed lots." Other issues facing home builders include appraisals that are coming in too low and mortgages that are too hard to get for prospective buyers. Despite all of these issues, "builders are much more optimistic today than they were at this time last year," Crowe said. In fact, home builders grew more optimistic about future home sales in March; a decline in current sales conditions was responsible for the index's 2-point drop to 44. Plus, some regions are doing better than others. The index jumped 4 points in the West, to 58. That's well ahead of the Midwest's 47, the South's 46 and the Northeast's 39. Related links: Construction, U.S. Economy Industries: Residential Real Estate

Thursday, March 14, 2013

Blackstone has expanded its credit line to buy single-family homes to $2.1 billion from $600 million, the Bloomberg news service reports. "The deal demonstrates that the market for these types of loans is expanding and maturing as major Wall Street banks become more and more comfortable with the asset class," Stephen Blevit, an attorney for Sidley Austin LLP who represented Deutsche Bank (the head lender in the deal), said in an e-mail to Bloomberg. To date, Blackstone has spent $3.5 billion on 20,000 single-family homes since last year, making it the largest homeowner in the U.S.