|
Share this Article:
Price-to-Rent RatioCategory: Real Estate News | Permalink Published: Friday, March 26, 2010 This is the recent update on the price-to-rent ratio via the First American Core Logic price index published, Thursday March 18th 2010, for housing prices during the month of January throughout the years. During October 2004, Federal Economist John Krainer and Researcher Chishen Wei wrote a letter on the cost to lease ratios; House Prices and Fundamental Value. Kainer and Wei presented a price-to-rent ratio by the use of the OFHEO house price index and the Owners' Equivalent Rent (OER) from the BLS. The graph below uses the First American information. It illustrates the price-to-rent ratio (January 2000 = 1.0).
It implies that housing values are, even now, a little too costly on a nationwide basis. However, it does look as if values are a lot closer to the bottom rather than the top. In addition, OER declined to some extent once more in February. Even though the majority of the declines have been very minute, the price index has decreased for 6 of the prior 8 months. While countless rents continuing to fall, the OER index will most likely carry on with its gradual decline; ever-increasing the price-to-rent ratio. Other Recent Articles1.) Before agreeing to handle a task from a client: Make sure that you're the most qualified person to deal with it. If a client wants to appoint you for a task beyond your field of knowledge, suggest someone else who could carry out the task better rather than putting your reputation at risk. Who knows, maybe later down the line that same client will call and seek help in your area of expertise. 10 Important Tips to Successful Real Estate InvestingCategory: Real Estate News Published: Monday, July 12, 2010 1. Compare property values and rents: The best way to determine the market vaulue of the property is to find out the selling prices of nearby properties in the community. The same applies to properties for rent. A low cost is regularly justified by a sensible rent; renters who can meet the expense of a higher rent can afford to buy as an alternative, so reasonably priced rent is a must. Studies Say Minorities Hurt More By ForeclosuresCategory: Real Estate News Published: Monday, July 05, 2010 According to a new study, recent African-American and Latino home borrowers were highly more likely to lose their homes to forclosure than those who are non-Hispanic whites throughout the continuing housing crisis, regardless of their income. As their income increased, in fact, minority horrowers foresaw the probability of foreclosure growing even larger in contrast to non-Hispanic white borrowers in the identical income group. Tax Credit Closing and Flood Insurance ExtensionsCategory: Real Estate News Published: Thursday, July 01, 2010 Today the National Association of Realtors praised Congress for the passing of two bills to extend the home buyer tax credit closing deadline and reauthorize the National Flood Insurance Program. Both of the bills cleared the House beforehand and were accepted by the Senate last night. THe bills are now headed to the president for his signature. Credit scoring is very important to the mortgage process. Behind the situation, a battle is rampaging over who can place claim to that process. The Fair Isaac Corp (FICO) was rejected a new trail concerning what it claims to undoubtedly be it's trademark; the act of rating an individual's credit on a scale of 300 to 850. Call Us Today!
|
