An article I just read in USA TODAY reported that the foreclosure rate will probably continue to move upward for a while. The culprit? And, no, it's not subprime mortgages this time ... it's the unemployment rate that's beginning to include borrowers who have good credit---and higher-end homes.
News like this undermines the cautious optimism some saw in the housing market recovery and
Posted by: Carleton Sheets in Stock market, Real Estate Market, Real Estate Investor, Real Estate, Positive Thinking, Money, Lender, Credit crunch, Credit, Commercial Lending, Commercial Banking on
Oct 20, 2008.
In an article by Kenneth Harney that recently appeared in the Washington Post, he points out that amidst the crisis sweeping Wall Street, lenders are still originating loans for home mortgages.
This is great news for those buyers who are just venturing into the market---and also for real estate investors!
The article talks about how the Wall Street meltdown, especially the slow down of
Did you hear? Wells Fargo & Co. (WFC) posted a better-than-expected earnings for the second quarter of 2008¾which rallied the U.S. stock market to a 25+ point gain? Although, I admit the fall of IndyMac put a damper on my enthusiasm, overall this is good news.
Up, down, positive, and negative news. The market is difficult to read. Will the Freddie Mac and Fannie Mae "scare" finally signal a
Posted by: Carleton Sheets in Success, Positive Thinking, Investing in real estate on
Jun 12, 2008.
My students tend to find that first step the most frightening. I did, too, back when I started. That first purchase might seem unattainable, but only because you've never done it before.
Here's an exercise that will help. Think of something else you did for the first time that had a positive result. (Skied down a hill? Fixed the light fixture in the hall?) Remember how you worked through the
Posted by: Carleton Sheets in Risk, Positive Thinking, Investing in real estate, Goals on
Jun 08, 2008.
For the most part, we are all "creatures of habit" who appreciate structure and predictability.
However, a status-quo mentality when investing in real estate could very well derail your career. Expand your real estate investment career by stepping out of your "comfort zone." Sooner or later, most investors require the exhilaration of something new to help to expand their horizons, to unleash
Posted by: Carleton Sheets in Positive Thinking, Investing in real estate on
May 26, 2008.
In the beginning of their careers, investors often exhibit the first signs of independence by disproving---and succeeding in spite of---all the naysayers who say it can't be done. These investors find their own unique paths in real estate---by networking and sometimes working with partners to discover the properties and creative techniques that work for them.
And there are an unlimited number
Posted by: Carleton Sheets in Real Estate Investor, Positive Thinking on
Mar 26, 2008.
As I write this, my thoughts are focused on the goals and resolutions that I made back in January of this year. However, since very few people start any new year with a clean slate, we also must remember-but not dwell on-mistakes that were made in the past.
Think of past errors in judgment as a learning process for your future success in real estate-and in other facets of your life. And view
