01.27.05
Flakiness
Why is it that people don’t return phone calls and emails?
I don’t always think as myself as the most responsive, but I usually get back to people at some point. But as I attempt to create new contacts and work on real estate deals, I’m finding there isn’t a lot of followthrough. Is it me?
I’m going to a Saturday workshop on asset protection. I’m particularly interested in learning more about Delaware series LLCs. Asset protection is a involved topic that I’ve studied quite a bit and will likely fill up a number of blogs in the future.
01.23.05
Time to Sell?
Although this is my first post here, I’m going to skip the usual ramble on introducing myself. I’ll get to that later. Besides, who am I is less important than what I say.
A couple of nights ago I went and saw Robert Campbell speak at BAWB . Robert, an economist by training, has claimed to have found the five indicators that can tell a real estate investor when to sell and when to buy. Without coming right out and telling us to sell our San Francisco Bay Area homes, he managed to scare a number of us into thinking seriously about it.
I bought his book at the meeting and read it last night. Only to discover that if I had waited and bought his book on his site I would have gotten his software as well. Darn! (can I swear on this media?)
Two of the indicators are: 1) existing home sales, 2)# of foreclosures. You take monthly #’s and calculate a moving 12 month average. My, I hadn’t heard about moving averages since I studied the stock market. Is this where real estate is headed? Short sales take on a whole different meaning?
So today I went a’googling. It was tough to find the data I needed online. To calculate a 12 month moving average, I need 18-24 months of monthly data. DataQuick news has recent # of sales for many of the California counties (although not Butte, which is where one of my rental properties is located). But it’s ALL sales, not existing home sales. The closest I got was the hud site, but it’s not granular enough. It has monthly # of existing home sales, but for all of the western states (including Arizona). I didn’t spend as much time on the foreclosure numbers, but that seems to be calculated quarterly not monthly.
Of course I found a site that promised me the information for $995. Ouch.
If anyone knows where to find this info let me know. Robert claims that you can ask Real Estate agents for this information .. so that is what I will be doing tomorrow.
TechGrl