Category Archives: Developments

The Extend & Pretend Conference: IMN Distressed Real Estate

February 27, 2010 – 3:16 pm

No it isn’t some conference of sex coaching, it was a group of bankers (including Fannie Mae) and real estate investors who gathered this week in Miami for the IMN Distressed Real Estate Conference, and frankly, it was a little depressing.
The debate seemed to revolve around lender’s decisions to ‘extend loans and pretend that the […]

By bwaun | Also posted in Vacant Land, Fractional Ownership, Personal Experience, Baby Boomers, Condo Hotels, Second Homes, Reverse Mortgage, Mortgage, Uncategorized | Comments (0)

Home Owners may be Overly Pessimistic

February 20, 2010 – 7:39 pm

From: www.Housingwire.com
 
Friday, February 19th, 2010, 12:42 pm. More and more, American homeowners are becoming convinced that the property values of their homes are falling, or at least aren’t increasing, according to Zillow’s latest homeowner confidence survey, even when in some markets this may not be the case.
According to the quarterly survey, one in five, or […]

By bwaun | Also posted in Mortgage | Comments (0)

Price Cuts Sell Condos

February 20, 2010 – 7:04 pm

This from: www.housingwire.com
“Belgravia Realty Group, a Chicago-based real estate developer, sold 50 condominiums in four weeks after cutting prices by as much as 30% on a 241-unit development in the downtown area, a sign that reducing prices is boosting purchase demand.
According to Appraisal Research Counselors, a commercial appraisal firm in Chicago, the FHA-approved unit accounted […]

By bwaun | Comments (0)

Speaking of Distressed Real Estate…

February 16, 2010 – 12:09 pm

I’m excited to have been invited to speak at next week’s IMN Distressed Real Estate conference in Miami. AGENDA
Our panel deals with land, but the story is the same for any type of real estate asset, if it’s distressed today, lenders don’t want to finance it at retail rates and terms. This leaves any buyer […]

By bwaun | Also posted in Personal Experience | Comments (0)

HOA before EGO

February 14, 2010 – 5:15 pm

I spent the weekend in N. Michigan at our condo hotel, in between skiing, I caught up on a flurry of nasty-gram letters between the hotel management company and the new HOA board President, and assorted angry, emotionally charged condo consumer owners.
I’m reminded of the saying: “in tough times you should pull together instead of […]

By bwaun | Also posted in Personal Experience, Condo Hotels, Second Homes | Comments (0)