real estate market
Real estate is a legal term (in some jurisdictions, notably in the USA, United Kingdom, Canada, and Australia) that encompasses land along with anything permanently affixed to the land, such as buildings, specifically property that is stationary, or fixed in location. Real estate law is the body of regulations and legal codes which pertain to such matters under a particular jurisdiction. Real estate is often considered synonymous with real property (also sometimes called realty ), in contrast with personal property (also sometimes called chattel or personalty under chattel law or personal property law ).
However, in some situations the term "real estate" refers to the land and fixtures together, as distinguished from "real property," referring to ownership rights of the land itself.
The terms real estate and real property are used primarily in common law, while civil law jurisdictions refer instead to immovable property.
No Rules, Evan
asked:
"I have been in the real estate market for about 7 years. I started as a Loan Coordinator, then credit officer/assoc. underwriter, call center manager, Product manager. The market is slowly disappearing, I'm unemployed now. I think I should try another field, maybe Financial planning. I don't know if this market is already saturated, with other fellow real estate professionals. The market is only going to get worse, what should I do?"
Question posted courtesy of:
rjohnson442000 replied:
"I have a friend that moved to brokering heavy equipment sales and leasing. He seems to be living very comfortably on the income. If you already have contacts as an underwriter and loan coordinator, you're already half-way there. You need only start developing a customer base."
ps2754 replied:
"As the economy gets worse, there is less and less of a need for financial planners, since people have less money for "tomorrow."You may be better off seeking a job in banking, since banks are major real estate lenders and always will be.Good Luck!"
NewToStocks
asked:
"Such as: Do foreclosure increases affect the stock market and in what ways? What happens when deeds recorded decrease? What happens to the stock market when median home prices go down? What happens when new construction permits decrease? This is of course referring to residential real estate, but what about commercial real estate? Thank you very much for your input."
Question posted courtesy of:
Matthew C replied:
"the stock market and people who manage pension funds directly influence the property market in so much as they invest heavily in it. It has a history of out performing the FT100 etc. With a decline in the property market this will affect the returns of the investors in funds and pension funds and so affect the stock market.Hope that made sense."
Mr. S replied:
""Related" - we need to define that term. That said, If Johana from Main St sees a drop in Stocks she may choose to invest in real estate instead... and vice versa... just my two cents...Be kind and answer my open question about Bill Gates.Thanks."
AVANISH JI replied:
"Real Estate Prie fluctuations are linked to the prices of the Real estate shares, also the output & diversion of flows towards share market, makes a direction on the market."
pink_me
asked:
"I would like to invest in real estate. I am early 40's, have no debt, home is paid for, etc. I would like to look into buying real estate. I have spent alot of time looking at the local market and have a good understanding of it. But, at this point, I am not sure what to do next. Should I consider purchasing rental property? If so, should I look at small 2 BR homes, duplexes, or homes? Or should I just look for property that has been sitting on the market for a long time that may need some TLC, etc and then flip them? I have never done that and don't really have alot of time to spend remodeling so I would have to hire out.And, the area I live in is a rural , somewhat depressed area. What is your approach to Real Estate?"
Question posted courtesy of:
storeonwheels replied:
"Join my business group."
buf
asked:
"Is this a good / bad time to buy a house? I know the prices are still dropping slowly, but how does the fall of Lehman Brothers, buyout of Merrill Lynch, direction in which AIG is headed affect the real estate market? Will it crash? We are still getting great deals on houses, but is there a possibility that suddenly the housing prices fall by 30% say if another large bank declares bankruptcy?"
Question posted courtesy of:
bbly2000 replied:
"The answer depends on where you are looking to some degree, but I believe that as a whole there is still a ways to go before we hit bottom. The latest events on Wall Street will make it harder for people to borrow money, which means there will be fewer buyers and those that are left will have less buying power. All of this tends to mean lower prices. At the same time there will continue to be foreclosures that will result in banks having to sell houses quickly. That will also cause prices to drop. The collapse of these financial institutions will also mean that there is less money for businesses to borrow in order to invest in expanding their businsess. That will mean fewer jobs, more unemployment and smaller profits, which again will result in fewer people that can afford to buy houses. The economy and the housing market will eventually rebound, but I think it's going to be a while."
Bobo replied:
"The banks went down due to their exposure to real estate mortgages, so most are shying away from making more home loans. The market will get worse before it gets better, especially as people lose jobs in the coming recession. Wait till the supply of houses starts going way down before buying, we can expect prices to fall until the supply is gone. This may take years!"
Real Estate Guy replied:
"NO.If anything, you will see interest rates come down. I was watching MSNBC this afternoon and someone said that 30 yr rates may go as low as 4.5%. This is amazing. If this happens, there will be many many more buyers. In addition, in some areas, including mine (MD/VA/DC), the supply of homes coming on the market is very low.What does this mean? More demand (because of lower rates and lower prices) and less supply = increase in prices. NOW IS THE TIME TO BUY.You hear figures that don't tell the whole story. The number of people actually buy is up a lot. People are buy homes at great prices. I have purchased a lot of investment properties that I couldn't (or wouldn't have) touched a couple of years ago. But now they are priced so that I can make the numbers work.***EDIT*** Bobo is wrong. There has been talk of a recession for 2 years. AND guess what it hasn't happen.I don't like John McCain that much (and don't plan to vote for him), but he is right when he says the economy has a sound and solid base. Obama can only win if he tells you how bad things are and that he can make your life better if you elect him. This is like looking at the glass as half full or empty."
katie s replied:
"The Fannie Mae and Freddie Mac trouble, the trouble with mutual funds, the trouble with 6 of the nation's largest asset management firms, the trouble with the dollar and the fact that the cost of oil is going to transfer over $1.3 TRILLION dollars from US to Saudi nations all point to more trouble ahead. In addition, the mortgage fiasco has $1.72 trillion of adjustable mortgages that need to refinance or default before June, 2012. We have only reset $1.4 trillion since August, 2007, so we are not even half way there. Now, add that it takes the banks about 9 months to take title to a foreclosure and realize that there averages about 353,000 filed foreclosures per month for the past 6 months. Soon, banks will be dumping inventory of about 2,000,000 foreclosed properties that they will own on their books as "non-performing assets". These truncated little economic tidbits mean that we are only at the beginning. Real estate will continue it's slide at least through the end of 2012. The 10,202 banks that existed in 2006 is now down to 7,000 and by 2010, will be about 5,000. By 2012, there will be 12 big banks that will control 85% of the banking business and that kind of oligopoly is never good. The Sherman Anti-Trust Act is being totally ignored by Congress to the demise of our individual freedoms.This is a great time to sell and a great time not to own real estate. Rent something and bide your time for four more years. If you feel that you must buy real estate, buy a 6-unit apartment building because with the tightening of credit, and the numbers of newly created bad credit families, the rents will be going up as fast as the gas prices."
Danuta
asked:
"My husband and I are from Toronto, and are interested in purchasing a townhouse in Naples as a family vacation home and rental property. The townhouse is new and is being sold by the builder. How is the real estate market in Naples? Is it less affected by the sub prime problems? Have the property values in Naples fallen as much as in other cities in Florida?"
Question posted courtesy of:
Kokney replied:
"To my mind the best source for searching real estate all over the United States is web-site of Fizber:. This website contains about 1,000,000 homes. Fizber makes your home buying experience pleasant and cost-efficient."
godged replied:
"It is my understanding that the majority of Florida has been hit very hard in these challenging housing markets. You best bet is to call a Realtor in that area and ask some questions."
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