Forbes.com lists best cities for real estate investments
Seattle tops the list of best cities for real estate investors, according to a recent story on Forbes.com.
The story says that the Urban Land Institute asked real estate professionals to list the best places for investing in commercial real estate next year. Forbes.com says the responses work for the residential market since the economy is usually followed by the single-family-home sector because when salaries increase and the job market improves, more people purchase homes. That leads to higher prices, the article said.
“The best cities in which to invest are those that are considered gateways to international investment, have vital downtowns where people can forgo cars, and don’t have a glut of condos or office space,” the article said.
Other cities on the best places for real estate investors list are San Francisco, Washington, D.C., New York and Los Angeles.
On the other end of the list, Detroit ranks as the worst place for real estate investors, according to the story. Other cities listed in the bottom five are New Orleans, Columbus, Ohio, Milwaukee, Wis., and Cleveland.
For the full story, click here.
Also, take a look at the list at Forbes.com of the country’s next foreclosure capitals, here.
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We have to remember…success always involves risk.
Good Morning MOJO,
Most people spend their entire life waiting…waiting for the perfect time before they make their move. Buying and selling real estate is the perfect example of that. I have been in the real estate business for over 20 years and have seen it first hand. Sellers are always waiting for the perfect time…trying to time the peak. Buyers are always waiting for the perfect time…trying to time the bottom. Unfortunately we never know when the “perfect” time is at anything in life until after the “perfect” time has passed us by. And those who are always waiting…trying to time the perfect moment, do just that. They wait, sitting on the sidelines watching and never get in the game. Because when you go for it and get in the game there is always risk no matter what it is. To be successful we have to be “Gamers”…not spectators. We cannot be paralyzed by fear.
We have to remember…success always involves risk. We must take a chance by investing our time, money, and effort. It pays to be thoughtful and deliberate in our analyses of opportunities, but we cannot let fear hold us back. Because we have worked hard to develop those things we must risk, it is natural for us to place a high value on them. But what use are they if we do not put them to use? We will recognize opportunity only to the extent that we are willing to consider risking our time, money, and effort. Being confident gives us the courage to face risk and act when opportunity arises. No one on earth is going to force success upon us; we will find it only to the degree that we actively seek it out.
Remember…when everyone you know is doing, saying and feeling one thing, the right answer is probably to do exactly the opposite.
Have a Powerful week and don’t be paralyzed by fear…that is what the masses are doing. Step out and go for it!!!!!
Blefari offers his thoughts about the bailout bill
Intero Real Estate Services Founder, President and CEO Gino Blefari says the bailout bill President Bush recently signed into law was needed but it will take time for consumer confidence to build up again in the real estate market.
Blefari made his statements to RISMedia, which recently asked several experts in the real estate industry to comment for its series, “The Bailout-Looking Ahead,” about The Emergency Economic Stabilization Act of 2008.
In a Q&A with RISMedia, Blefari says people aren’t purchasing homes now because they are waiting to see what will happen with their jobs and with the economy.
“We have a lot of instability and uncertainty in this country right now,” Blefari said. “We’ll have to wait and see how the country reacts to the bailout once things start to happen and the election is over.”
However, he told RISMedia that now is a great time to invest in real estate because prices are down. He also said there are plenty of great deals from foreclosures.
For the full article, please click here.
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Blefari among RisMedia’s Power Broker Forum panelists
Intero President and CEO Gino Blefari will be among the panelists at RISMedia’s Power Broker Forum next month during the REALTORS® Conference and Expo in Orlando.
Blefari will participate in a forum called “The Power Broker Perspective: Restoring Real Estate Confidence.” It will be held from 12:30-2 p.m. Nov. 7 at the Orange County Convention Center.
The discussion is expected to focus on today’s market and the economic crisis, as well as provide insight for working with the media and tips on how to work with the “psyche of today’s real estate consumer.”
For more information on the forum, contact Stephanie Andre at Stephanie@rismedia.com
The REALTORS® Conference & Expo, sponsored by the National Association of Realtors® is being held Nov. 7-10. It will include programs for sales agents, brokers, property managers and IT professionals. More than 500 exhibitors will be at the conference.
Cancer survivor and seven-time Tour de France winner Lance Armstrong will give the conference’s General Session presentation on Nov. 8.
More information can be found here.
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It is those who can keep a level head in the great times and keep a level head in the challenging times that finish up winners.
Good Morning MOJO,
Man…I had to talk a lot of people off the ledge last week before they jumped from panic and fear. It is so interesting to me how people can’t help but “pile on”. When things are going great they “pile on” and see the glass as not only half full but overflowing…and when things are not going so great, those same people “pile on” and see the glass as not only half empty, but dry as a bone. It is either euphoria and greed or panic and fear. But, it is those who can keep a level head in the great times and keep a level head in the challenging times that finish up winners. It is those who can keep their eye on their longer term goals and not let the crazy short term ups and downs of life get them off track. We cannot let euphoria and greed or panic and fear control us…if we do, we will make bad short term decisions which will sabotage our long term goals. Not just in our finances, but with everything in life.
This past week was a perfect example of that with the stock market…”the world is coming to an end”…GIVE ME A BREAK!!!!!! I have seen this story before (late 1980s, early 1990’s, early 2000’s and now in the late 2000’s)…everyone is selling for no other reason than because everyone else is selling (piling on) and so we are in a vicious cycle of panic and fear. I promise you there are those level headed people sitting on the sidelines watching all of this unfolding before their eyes, licking their chops, just waiting to pounce (and they will soon) when all of those who are driven by panic and fear finish selling/“piling on” creating one of the best buying opportunities in history. And once they do, those level headed people will come in like vultures and make a fortune capitalizing on it. We all have such short term memories…it has happened time and time again in history, but we seem to forget. And every time, it is like this has never happened before…”The world is coming to an end”. “The world is coming to an end” mindset has happened before and it will happen again…just don’t be one of those that “piles on”. One thing I have discovered over the years is when things are going great it is never as good as it seems and when things are not going so great it is never as bad as it seems. The key is not to buy into the drama…don’t get sucked in and “pile on” whether it is a euphoria and greed pile or a panic and fear pile. The key is to keep a level head…it is the difference between winners and losers. It is what makes the great ones great…Michael Jordan, Warren Buffett, Tiger Woods, Bill Gates, Joe Montana. They don’t just “PILE ON” with everyone else…they keep their cool and keep a level head. Don’t “pile on” and be a loser…BE A WINNER!!!!
Check out this attachment…30 years of Time Magazine Covers & The Stock Market From January 1978 to August 2008.
Make it a POWERFUL week…keep a level head….be STRONG…don’t “pile on” and KICK SOME ASS!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
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Expo will feature seminars, new products and opportunities for networking
The CALIFORNIA REALTOR® EXPO starts next week in Long Beach, Calif.
The Expo, which runs Tuesday through Thursday, will feature several seminars, opportunities for networking and more than 200 exhibit booths.
More than 10,000 people are expected to attend.
On Wednesday, C.A.R. Chief Economist Leslie Appleton-Young will give the Association’s 2009 Housing Market Forecast starting at noon. Later that day, Jeff Davi, the commissioner of the California Department of Real Estate, will present an update on the licensing activities, legislative issues and other key areas and then take questions from the audience.
Thursday’s events will include a session called “The Road to Recovery: Are We There Yet?” that will feature Appleton-Young as well as other real estate experts.
In a session earlier in the day Thursday, Joseph A. Michelli, author of “The Starbucks Experience: 5 Principles for Turning Ordinary into Extraordinary,” will discuss his analysis of Starbucks’ business model and the company’s customer service platform.
Other seminars will focus on technology in the real estate business as well as green and sustainable business practices.
The Expo will be held at the Long Beach Convention Center.
See Also
- Intero Real Estate Services- Find Real Estate, Property For Sale, Homes For Sale
Intero Real Estate Services is one of the premier real estate brokerages, with offices in Arizona, California, Colorado, Florida, Hawaii, Nevada and Texas.
- California Association of REALTORS®
C.A.R. is s one of the largest state trade organizations in the United States, with nearly 175,000 members dedicated to the advancement of professionalism in real estate.
- California Realtor Expo
CALIFORNIA REALTOR® EXPO 2008 is the state’s largest real estate trade show.
I fail…therefore I succeed
Good Morning MOJO,
Enough said…
I’ve missed more than 9000 shots in my career. I’ve lost almost 300 games. 26 times, I’ve been trusted to take the game winning shot and missed. I’ve failed over and over and over again in my life. And that is why I succeed.
Michael Jordan
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Groups applaud passage of economic rescue bill
Praise from real estate and other groups is pouring in over the passage of the economic rescue bill that President Bush has now signed into law.
"This legislation is critical to stopping the economic turmoil that millions of Americans are facing," Dick Gaylord, president of the National Association of Realtors®, said in a statement. "Today’s action will go a long way toward ending the current economic crisis crippling the housing and financial markets."
California Association of Realtors® President William E. Brown said his association applauds the bill’s swift signature by President Bush.
“The health of the nation’s housing market is critical to the financial well being of every household in the country, and is front and center here in California,” Brown said.
Over at the National Association of Home Builders, Chairman Sandy Dunn had this to say: “Hopefully, this (bill) will set the stage for rebuilding confidence, restoring the availability of credit for businesses and consumers, and reversing the downward spiral in home prices and rising foreclosures that are root causes of today’s financial turmoil,” Dunn added.
And, John A. Courson, the chief operating officer of the Mortgage Bankers Association, says the bill “will enable financial institutions to offer credit so individuals can purchase homes and other items and businesses can continue to operate and grow.”
See Also
- Intero Real Estate Services- Find Real Estate, Property For Sale, Homes For Sale
Intero Real Estate Services is one of the premier real estate brokerages, with offices in Arizona, California, Colorado, Florida, Hawaii, Nevada and Texas.
- National Association of Realtors
The National Association of Realtors is America’s largest trade association, representing 1.3 million members.
- California Association of Realtors
C.A.R. is a statewide trade association dedicated to the advancement of professionalism in real estate.
- National Association of Home Builders
The National Association of Home Builders is a trade association that helps promote the policies that make housing a national priority. Since 1942, NAHB has been serving its members, the housing industry, and the public at large.
- Mortgage Bankers Association
The Mortgage Bankers Association (MBA) is the national association representing the real estate finance industry.
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