Matt Gerchow's Blog (7)

Existing Home Sales are UP UP UP. The most increase since May 2010 and higher than expected.

Finally a little bit of good news in the housing sector.  Bloomberg is posting that closings on "existing homes" (leaves out new construction) are up 12 percent.  That is higher than expected.  Get the full scoop here.

http://www.bloomberg.com/news/2011-01-20/existing-u-s-home-sales-jump-to-seven-month-high-as-buyers-lock-in-rates.html

Added by Matt Gerchow on January 21, 2011 at 6:45am — No Comments

Fannie Mae and Freddie Mac Government Reform seems to not be working.

From sources deep inside Fannie Mae, it appears that there are internal investigations going on regarding the signing of documents, without home-owers awareness. While investigations continue, MarketWatch has released the following.

 

WASHINGTON (MarketWatch) — The White House is unsure about how to go about reforming troubled housing giants Fannie Mae and Freddie Mac and a soon-to-be-released Obama administration report will reflect that uncertainty, regulatory observers were…

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Added by Matt Gerchow on January 20, 2011 at 11:44am — No Comments

Eight (8) States are Running Out of HomeBuyers

Seems after everything is said and done, there are more homes available than there are qualified buyers.

That makes sense, considering the banks were giving $400k loans to supermarket workers just 4 years ago.

I have seen people that are admin assistants buy $600k homes... all in order to keep up with the Jone'ses.

Here is a link to the detailed list of states that are running out of buyers. …

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Added by Matt Gerchow on January 19, 2011 at 7:05am — No Comments

You call the shots

Today's post is very short.



In real estate investing you have to remember that you are ultimately the buyer. you call the shots. You make the terms, you have the money.



I know that when you have the opportunity to make money you will have to step out and risk a little but just remember that a chain will break at its weakest link.



Make sure you are in touch with your gut. If it seems too risky it probably is. Be generous with your sellers, but not on the bottom… Continue

Added by Matt Gerchow on March 7, 2010 at 8:00pm — No Comments

Sunday morning in Phuket

I have to say, every day is such an adventure in Phuket. You really don't know what is going to happen from one day to the next. There is so much to see and do.



I was informed yesterday that one could eat in a new restaurant for 500 days and by the time they got to the end there would probably be 500 more to choose from.



Met a couple from France this morning. Interesting twosome. They work in Internet Marketing for a company out of New York called Webgains.



Little… Continue

Added by Matt Gerchow on February 27, 2010 at 8:25pm — No Comments

Working on Opposite Hours from the rest of the world...BENEFITS

When most people hear that I am 12 hours opposite of them they initially lump me in with the Philipinnes and the other virtual employees they find on Elance.



Then they learn that I'm from the United States and their whole tone changes.



Living in Thailand has opened my mind to experiences and a way of life I only thought was possible. As I write this I'm sitting on a cushiony wicker couch in the 20 ft tall open lobby of my hotel / apartment.



Right now it is 2:46pm… Continue

Added by Matt Gerchow on February 8, 2010 at 12:30am — No Comments

Loving Life In Phuket ...Will you join me?

As many of you that know me already know, I have relocated headquarters for Real-estate-investing.com to Phuket, Thailand.



There's one word that describes this place better than most, MAGICAL.



I rallied the troops to start out the trip with me and things got a little nuts. My wife, little Matteo and I are here for six months. That did not happen by accident. This took careful planning and most of all the ability to walk away from our life in Bogota (I know, not so ordinary… Continue

Added by Matt Gerchow on February 2, 2010 at 7:00am — No Comments

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