2009 December :: The Construction Management Pro

12-24 If you’re not investing in real estate now, you are either crazy or broke.

December 23, 2009

This proposition was posted on the Affordable Housing Network Group on LinkedIn. Davida Moron of C21 NYC says “I still think it wise to buy now while interest rates are so favorable and to hold onto your property for the next five or more years, giving the market a chance to recover fully.”

Laurence Harmon, Marketing Principal at The McGough Companies, commented “Prospective buyers who continue to be wary that the market hasn’t yet reached its absolute bottom are increasingly losing out.”

The bottom line is that this is a great time to invest in real Estate. The problem is that there are a lot of non professionals who believe this as well. In my area, northern NJ, there is strong pressure in the distressed end of the market. You can still get hurt in this market if you don’t buy right and do your homework. Not every property for sale makes economic sense.


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12-23 Forecast for the Existing Home Housing Market 2010

December 23, 2009

We all know this is a buyer’s market. There is an overabundance of product and potential buyers are unsure of their economic future. So what does this mean for existing home sales for 2010 and what factors will influence the demand for housing in the upcoming quarters? We saw a blip in home sales as the anticipated expiration of the First Time Homebuyer Tax Credit neared. With its extension to April of 2010, there should be another surge in existing home sales. But the major factor driving the housing market is “the economy stupid.” Read more

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12-21 Obama Discuses Home Energy Efficiency

December 21, 2009

PARKERSBURG, W. VA. – President Obama Meets with Simonton President Savan. Home energy-efficiency issues were the topic of discussion. On Tuesday, December 15, 2009, President Obama hosted Simonton Windows® President Mark Savan and a small group of business leaders at the White House to discuss home energy efficiency issues and plans for the future. Held in the President’s Private Dining Room, the intimate group of invited business leaders included Savan, Frank Blake, CEO of Home Depot, Andrew Liveris, CEO of Dow, and Steve Cowell, Chairman and CEO of Conservation Services Group. White House Chief of Staff Rahm Emanuel and Valerie B. Jarrett, Senior Advisor to the President, also participated in the in-depth discussions. Full story in Qualified Remoderler

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12-12 Protecting Tenants in Foreclosure Act

December 12, 2009

Here is a link to a story regarding tenants and how they are affected by impending developments in legislation by the National Low Income Housing Coalition (NLIHC)

On May 20, 2009, the President signed into a law a bill containing provisions protecting tenants living in foreclosed buildings. (The Protecting Tenants at Foreclosure Act is Title VII of Public Law 111-22).

These provisions immediately went into effect and are “self-executing”, so no federal agency (such as HUD) is responsible for making them work.  It is up to advocates to make sure that tenants, landlords, public housing authorities, courts, the legal community, and others involved in the foreclosure process are aware of these new rights for tenants.

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12-9: Bamboo – an Environmentally Friendly Alternative to Hardwood Flooring

December 9, 2009

iStock_000006163063XSmallI installed Bamboo flooring in my property in Orange this week. It is an alternative to traditional hardwood flooring. It came pre-finished and installed using the same techniques and equipment as traditional hardwood floors. Bamboo floors are not technically made of wood. Though they are harder than most hardwoods, they are actually a form of grass. The hollow shoots are cut down, sliced into strips, and then laminated together to look like traditional wooden plants. This product came from China. One unique benefit of bamboo flooring is that it is exceptionally environmentally friendly. Bamboo reaches full maturity in just a few years. Also, its initial production has almost no impact on the environment because pesticides and fertilizer are not required to grow it.

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12-8: Senate Introductes Housing Bill S. 2836

December 9, 2009

Senators Herb Kohl (D-Wisc.) and Olympia Snowe (R-Maine) introduced “The Asset Management Improvement Act,” S. 2836, on December 4, 2009. The legislation is a companion bill to H.R. 1048, introduced early this year by Representative Albio Sires (D-N.J.) and cosponsored by House Financial Services Committee Chair Barney Frank (D-Mass.). Read more

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