Boomer’s Blog

Real Estate Investors: Do You Want to See More Green on Your Spread Sheets?

Brace Yourself! GaryBoomershine.com Community Members are Gazing into their REI Crystal Balls and Discovering the Secret Market Timing Strategy that Generated More Than $100,000,000 in Red Hot Deals for one Savvy Entrepreneur. Due to popular demand, we’ve made a replay of this timely call  available for free! Won’t you Join Us?

Housing Prices Are No Secret, but Expert Market Timing Is!
Nationwide, single-family home prices in July plunged another record-breaking 16.3 percent from last year. We’re continuing to see sharpest declines recorded since Standard & Poors began tracking the data in their Case-Shiller index some 20 years ago. What does this tell seasoned real estate entrepreneurs about future investment strategies? Now’s the time to start crunching some numbers.

Creative real estate veteran Ken Wade believes that there is nothing truly unusual about today’s housing market: There’s no crash, and the media focus on handful of markets is having a devastating impact on market psychology and prices. In reality, what we’re experiencing as real estate entrepreneurs, is the natural cycle that moves the market.

Ken is the Harvard-educated numbers cruncher behind an innovative system for research-based real estate investing. He has spent much of his career tracking local real estate market trends and reaping the profits from his investments. Ken estimates that he’s done $100,000,000 in real estate deals over the past 30 years.

Market Timing Can Make or Break your RE Business
Ken developed his market timing system to give regular investors access to the same sophisticated tools that financial institutions and major players use to maximize profits in their real estate transactions. And on this special Webcast that we’ve recorded and posted for a limited time only,  he’s sharing that coveted knowledge exclusively with members of GaryBoomershine.com.

Three Rules to to Maximize Your Profits & Revolutionize your RE Market Timing
From years of painstaking research and experience, Ken knows how these cycles work in 93 percent of the housing markets in the United States. And he’s developed three rules over the years to guide his investment decisions:

1. Forget About the REI Fundamentals: Analyses based on market factors such as job growth, mortgage rates, building permits, housing starts, population and migration, and personal income don’t work for predicting market cycles & fail to provide investors with solid decision triggers.
2. Markets Rise & Fall Based on Supply & Demand: Yes! It’s really that simple.
3. Market Psychology Drives Real Estate Prices: In many markets, when investors and speculators began executing their exit strategies, the media sounded alarms that triggered a nationwide backlash. The resulting price drops are invitations for savvy entrepreneurs to scoop up someone else’s losses for massive profit gains. Since most U.S. housing markets were not subject to the price surges that are commonly associated with the real estate “boom,” Ken says, they’re holding steady during the “bust.”

Talk About Shock & Awe!
With Ken’s awesome system, real estate entrepreneurs can base their business decisions on the same types of proprietary data that the banks and major players use. Only with this system, the data are specifically tailored to fit the needs of an array of real estate entrepreneurs, regardless of investment strategy, experience or style.

To learn more about how Ken translates the “buy low, sell high” adage into hard science and cold cash, join GaryBoomershine.com to check out the replay of our exciting Webinar from Wednesday night. If you can’t make it, feel free to check out my review Ken’s market timing system in the Resources section of GaryBoomershine.com.

We Give you All the Best REI Treats with Absolutely No Tricks!
Not only are we bringing  you this free real estate market timing multi-media  extravaganza with Ken Wade. October is full of free fun at GaryBoomershine.com! 

Up Next Week: Larry Goins’ Ultimate Secret!
Folks, the prices are down and the gloves are definitely off! Next week we’ve got a live Webinar with Larry Goins who will tell you how to create your own Ultimate Buying & Selling Machine and beat your competition without cash, or credit.

Claim Your VIP Pass to Moneymaking Real Estate News, Marketing, Strategies & Tips
Miss this event? Don’t worry! We’re constantly planning great, free opportunities like these for our members here at GaryBoomershine.com.

At GaryBoomershine.com, our focus is on delivering the the most timely real estate news, resources, tools and systems that build stronger real estate investment decisions and boost your bottom line.

Sign up either here or on the main page at GaryBoomershine.com and you’ll get the best this industry has to offer in real estate news, real estate marketing, real estate training systems, and all the creative real estate ideas that drive success in this business. Members also get exclusive access to compelling multimedia content and jaw-dropping discounts!

Don’t miss out on this opportunity to Make Tons of Cash in Real Estate! Join us today and race ahead of the pack!

MSNBC: New Home Sales Fall into Bottomless Market
While existing home sales climbed last month, new home sales dropped 2 percent, the slowest sales pace since 1995, says the U.S. Commerce Department: Median home prices dropped to $244,100, down 3 percent from last year’s levels. This news falls on the heels of a recent S&P announcement that home prices have dropped 11 percent in 20 key markets over the past year. New York University Economist Nouriel Roubini says that declining home prices are driving down home values and squashing hope for millions of people. ”Already today, 8 million houses have negative equity. If home prices fall another 10 percent as expected, we’re going to see 16 million people with negative equity. It’s a big problem.”

Bloomberg.com: Taxpayers Stuck with Fed’s Bail-out Tab?
Even as the White House promises it wouldn’t jeopardize public funds in a bailout, taxpayers likely will foot the bill for the billions of dollars the Fed is spending to calm recent financial crises. If the past is used as a future indicator, the Fed is likely to loose a hefty slice of its investment in Bear Sterns mortgage securities. Also, the Fed’s efforts to push Fannie Mae and Freddie Mac into taking on more mortgage bonds reduces reserves while foreclosures and defaults continue to soar. Senate Finance Committee Chairman Max Baucus, a Montana Democrat, and Charles Grassley of Iowa, the committee’s ranking Republican, have issued a March 28 deadline for JP Morgan and the Fed to describe the assets involved in the Bear Sterns transaction. “Americans are being asked to back a brand-new kind of transaction, to the tune of tens of billions of dollars,” says Bacus. “It’s the Finance Committee’s responsibility to pin down just how the government decided to front $30 billion in taxpayer dollars for the Bear Stearns deal, and to monitor the changing terms of the sale.”

Bloomberg.com: Housing Market Losses Imperil State Revenues
The U.S. Commerce Department reports that approximately 200,000 newly constructed single-family homes are vacant, a record high since the count began in 1973. Partially completed developments harm more than homeowners and businesses; rising foreclosures and falling property values are projected to slash tax revenues by more than $6.6 billion in 10 states, including New York, California and Florida, according to U.S. Conference of Mayors. About 370,000 new homes currently are on the market because people who had contracted to buy them bolted from the deals, finds New York-based CreditSights Inc. Meanwhile, the Commerce Department reports that an additional 216,000 homes are under construction.

Marketwatch: At Enron’s Final Wake, Citi Antes Up for its Role in Scandal, Fraud
Citibank has has been having a tough time. Entangled with tanking stocks, a global financial business with at least $18 billion in bad mortgages last quarter, more projected losses and calls for an operational break-up … another hard hit came this week. More than six years after Enron crashed amid massive scandal and fraud, Citibank today paid $1.66 billion in cash to settle the last remaining claim related to its role in the disaster. And that’s just part of the story ….

CNNMoney: Home Prices in a Downward Spiral
While existing home sales recently have seen modest market boosts, analysts say that residential real estate prices have posted record drops in the past year. The S&P Case/Shiller Home Price index of 20 key markets finds that home prices plunged 11 percent in a 12-month period that ended in January. These findings mark the lowest levels ever reported for the index, which debuted in 2000.

Marketwatch: Emerging Bargains in REO New Construction
With falling home prices and changing lending practices, a growing number of foreclosures are now available in up-scale areas at at lower price points. In one new Sacramento, Calif. suburb, changing markets mean changing demographics in once-hot sellers’ markets. The greatest deals often are found in new-construction areas that were hot in 2005-2006 when they were priced well above the median price for the greater area.

Associated Press: Fed Auctions $50 Billion in Short Term Loans
Hoping to ease the economic turmoil for credit-crunched banks, the Fed has so far offered a total of $260 billion in short-term loans via eight auctions since December. The central bank has posted results of its latest such auction where commercial banks bid for their share of $50 billion in short-term loans. Reports say this is a continuing effort to minimize the impact of the recession on the vulnerable economy.

Forbes.com: Wall Street Chaos Ups Ante on Countrywide Buy-out Rumors
Rumors about Bank of America’s latest plan to acquire Countrywide Financial hit today, indicating that Countrywide might get a better takeover deal than the $4 billion offered by the bank in January. Even then, the deal was lauded by the Fed and other regulators hoping it would stop a liquidity-constrained Countrywide from causing more trouble in markets already cramping from the credit squeeze.  Speculators today may be counting on the Fed continue bailing out financial firms who are heavily vested in subprime markets.

Forbes.com: PennyMac to Profit from Contrywide’s Blunders
As the largest mortgage lender in the United States, many believe that Countrywide Financial helped to trigger the subprime mortgage disaster with its uninhibited lending practices. Countrywide currently is under FBI scrutiny for possible securities fraud and regulatory violations. Now, a group of former Countrywide executives are looking to capitalize on their wealth of experience by purchasing distressed mortgages at low prices and re-selling them for profit. Led by former Countrywide talent, the newly formed Private National Mortgage, or PennyMac, will use private capital to invest in and service residential mortgages; it also will acquire loans from institutions seeking to reduce mortgage exposure risks. Critics claim that Countrywide executives should not be empowered to profit from the mortgage crisis they may have helped to create.

Los Angeles Times: Equity Strippers to Bear All in Court
Federal prosecutors have so far charged 19 people, mostly from Southern California, with defrauding cash-strapped homeowners using “foreclosure rescue pitches” and an equity-draining technique called “equity stripping.” Two indictments have so far been issued in relation to the $12.6 million scam. Prosecutors say that defendants could get more than 20 years in prison, if convicted.