Crisis Or Opportunity – The Truth About The Arizona Real Estate Market | Real estate

The present real estate market is acting just as it should on the heels of the greatest real estate boom in the last 40 years. There is a long way to fall to get back to “normal”. This falling back into a normal market, coupled with the contraction of the sub-prime mortgage market has the real estate consumer, and many homeowners in a state of fear. The various media continue to depict a very grim picture of the markets in general without distinguishing between the national market and local markets, such as the Arizona real estate market, with factors unique in the ways of population growth and investor activity. I have seen numerous articles referring to the sub-prime debacle as a global crisis. That may be taking it just a bit too far.The truth is, there is no geopolitical significance to recent events in the U.S. real estate market and the sub-prime crisis. To rise to a level of significance, an event — economic, political, or military — must result in a decisive change in the international system, or at least, a fundamental change in the behavior of a nation. The Japanese banking crisis of the early 1990s was a geopolitically significant event. Japan, the second-largest economy in the world, changed its behavior in important ways, leaving room for China to move into the niche Japan had previously owned as the world’s export dynamo. On the other hand, the dot-com meltdown was not geopolitically significant. The U.S. economy had been expanding for about nine years, a remarkably long time, and was due for a recession. Inefficiencies had become rampant in the system, nowhere more so than in the dot-com bubble. That sector was demolished and life went on.In contrast to real estate holdings, the dot-com companies often consisted of no real property, no real chattel, and in many cases very little intellectual property. It really was a bubble. There was virtually, (pun intended), no substance to many of the companies unsuspecting investors were dumping money into as those stocks rallied and later collapsed. There was nothing left of those companies in the aftermath because there was nothing to them when they were raising money through their publicly offered stocks. So, just like when you blew bubbles as a little kid, when the bubble popped, there was absolutely nothing left. Not so with real estate, which by definition, is real property. There is no real estate bubble! Real estate ownership in the United States continues to be coveted the world over and local markets will thrive with the Arizona Real Estate market leading the way, as the country’s leader in percent population growth, through the year 2030.As for the sub-prime “crisis”, we have to take a look at the bigger picture of the national real estate market. To begin with, remember that mortgage delinquency problems affect only people with outstanding loans, and more than one out of three homeowners own their properties debt-free. Of those who have mortgages, approximately 20% are sub-prime. 14.5% of those are delinquent. Sub-prime loans in default make up only about 2.9% of the entire mortgage market. Now, consider that only 2/3 of homeowners have a mortgage, and the total percentage of homeowners in default on their sub-prime loans stands at around 1.9%. The remaining two-thirds of all homeowners with active mortgage prime loans that are 30 days past due or more constitute just 2.6% of all loans nationwide. In other words, among mortgages made to borrowers with good credit at application, 97.4% are continuing to be paid on time.As for the record jumps in new foreclosure filings, again, you’ve got to look closely at the hard data. In 34 states, the rate of new foreclosures actually decreased. In most other states, the increases were minor — except in the California, Florida, Nevada, and Arizona real estate markets. These increases were attributable in part to investors walking away from condos, second homes, and rental houses they bought during the boom years.Doug Duncan, chief economist for the Mortgage Bankers Association, says that without the foreclosure spikes in those states, “we would have seen a nationwide drop in the rate of foreclosure filings.” In Nevada, for instance, non-owner-occupied (investor) loans accounted for 32% of all serious delinquencies and new foreclosure actions. In Florida, the investor share of serious delinquencies was 25%; in Arizona, 26%; and in California, 21%. That compares with a rate of 13% for the rest of the country. This makes for some great buys for the savvy Arizona real estate investor in the area of short sales, foreclosures, and wholesale properties.Bottom line: Those nasty foreclosure and delinquency rates you’re hearing about are for real. But they’re highly concentrated among loan types, local and regional economies, and investors who got their foot caught in the door at the end of the “boom” and are just walking away from those poorly performing properties. Most of those investors still have homes to live in, maybe more than one.In the wake of the boom years, we now have a high inventory of homes on the market, Investors and speculators who quickly bought up homes dumped them just as quickly back on the market in hopes of a fast return. The frenzy of investors purchasing homes put pressure on inventories and drove prices up, further increasing investor activity. Then, as if all at once, many of those investors put their properties on the market, creating an imbalance in the reverse direction. With so many homes on the market, prices began to stall and then fell. Prices will continue to fall until demand chews up excess inventories.With investors no longer a big part of housing demand, primary homeowners are slowly chipping away at the existing inventory. The Las Vegas housing market will rebound in March 2008, according to the largest and most respected appraisal firm locally. The main contributing factor to the sooner than later rebound of this southwestern city is a growing population and thriving local economy.Arizona and Nevada are expected to lead the country in percentage population growth for the next 20-25 years. The population of Arizona is expected to approximately double during that time so we can expect a strong housing demand going forward. Normal inventory levels for Phoenix real estate are about 6-8 months. Current inventory is about 10-12 months. So, we are not far above “normal” inventories in Phoenix. There are, however, outlying cities in this large metropolis that have inventories in excess of 1 year. Queen Creek real estate inventory is the worst with approximately a 2-3 year surplus of homes on the market, mostly due to the large percentage of new homes purchased by investors and then quickly flipped back onto the resale market. Surprise and Peoria real estate markets have a 1-2 year inventory for largely the same reason. We are already seeing some Scottsdale real estate and Paradise Valley real estate prices increase in value. Billions of dollars are being poured into the local economy in the way of commercial development from the downtown area to Northeast Phoenix and Scottsdale.The demand for Arizona homes will remain strong in years ahead as new populations create the need. The demand for housing across our great nation will remain strong as this next generation of young debutantes steps onto the home buying stage. Interest rates are still at historic lows and the lending institutions will continue to offer creative financing options. Sure, some hedge funds lost the air in their tires, but financing sub-prime loans is a high stakes game for the super rich and is not of geopolitical significance. They will find other ways to lend their billions for huge profits in the wake of this sub-prime debacle. Let’s not be gripped in the fear created by reports from all media types trying to “make news”. Let’s face it, the real numbers are not that bloody exciting. Ask yourself, is this an Arizona real estate crisis, or the perfect time to buy an affordable Arizona home? Proper timing and negotiating techniques make all the difference in the current Arizona real estate market. When choosing an Arizona realtor, trust the expertise and experience of Equity Alliance Properties.

Reasons Why You Should Consider Setting Up An Online Business | online business

If you are contemplating setting up an online business from home, but are not sure if it is the right option for you here are some reasons that may help you to make up your mind. The internet has allowed many people to earn their living in a new and exciting way. While it is not as easy as some of the hyped up sales pages would suggest, there are real reasons why this way of working may be for you.If you are looking for security in the way you earn your income, setting up an online business is perhaps one of the best ways to ensure that your means of earning a living is secure forever. Why? Once you have learnt the skills needed to make money online, and like any other skills they are easily learnable, if you take the time and effort to do so – you will be able to turn your hand to earning money in a variety of different ways on the internet. It is a smart way of working rather than working hard at a single job over which you have no control. This single job may be taken away from you for a number of reasons like redundancy due to the current poor economy or the owner may decide to retire and close down.If you are a mother with young children at home then setting up an online business from home can be a solution to many problems like the costs of childcare, commuting expenses and office clothing costs too. With some careful consideration and organization you can work from home and take care of your children at the same time. During short breaks from your computer you can then attend to household chores such as hanging out the laundry, bringing it in, cleaning and care of your home, preparing evening meals for the family and be at home with school age children who may be ill for the day. Although these appear to be mundane issues, they can cause problems for working parents of young children. Working from home gives you the chance to take care of them and still be in a position to earn some income too.Setting up an online business allows you the freedom to choose a niche area in which to work, When choosing a niche market to serve with your online business you are able to make that choice yourself. This means that we are able to determine our own working conditions and environment, and do something that will make us happy. When you start a small business online you are in control of your very own destiny. This means that whatever you do will increase your income and not that of an employer. You can also decide when you want to work and when you will take time off to be with your family and attend important events without having to consult with an employer.As the internet has a global reach you will be able to compete on an equal footing with the “bigger boys” who in the offline world may have had more resources to reach customers further away than a smaller business who has a smaller budget with which to work. Setting up an online business allows you to expand your potential customer base and therefore gives you the freedom to think big.It is realistically possible to start a small business online with very little funds. When you are starting out all you really need is a domain name, hosting and an autoresponder service. You can begin setting up an online business for less than forty dollars. Of course you will short cut the learning curve if you are able to take a course on how to start an online business from home. Forty dollars would not allow you to start an offline, more traditional brick and mortar business.The biggest reason to consider setting up an online business is the potential to earn as much income as you want. When most people work in a normal corporate job their earnings are limited in the hours they can work each day. On the internet, you can set up an online business where you earn multiple streams of income and where you are not required to be there to make the money. Once you have set up a product and marketed it, that site, potentially, if done correctly, can earn income for you while you sleep or set up other sites.So, as you can see the internet enables you to work smart not hard. Don’t you think you owe it to yourself to consider setting up an online business to reap all these rewards?

How to Protect Your Livestock | livestock

Even ‘seasoned veteran’ farmers are sometimes shocked at the scale of livestock theft they suddenly encounter.One recent theft involved over 700 sheep from a farm, though incredibly the culprits were tracked down and arrested. Much of the flock was returned to the rightful owner.However, much theft of this nature is never resolved and the losses and stresses can be huge for the farmer concerned. So, here are a few tips about how you can help reduce your risks.

Where livestock is inside, make sure your premises are protected with locks and alarms. CCTV and PIR sensors are now very affordable and should also be considered.

There are various forms of animal tagging and identification systems – the specifics may vary depending upon which country and/or state you’re in. Make sure you use them and also consider other non-removable ways of marking your animals to make them easily identifiable. That in itself won’t stop the theft physically but it might deter some thieves who want ‘quick disposal’ afterwards and a limited chance of identification of the animals concerned.

When livestock is outside, don’t make it easy for thieves by leaving things that could be used to help the loading of animals (e.g. loading ramps or some forms of agricultural machinery ) near your perimeters at night. Keep that sort of equipment somewhere central under lock-and-key instead.

If the animals concerned are particularly valuable, prime breeding stock might be an example, then you might wish to consider hidden trackers. These can be almost undetectable and if acted upon promptly by the authorities, the result can be the fast arrest of the thieves.

Work with your neighbours and other farmers in the area to form mutual support groups. Take notes of vehicles and registrations that appear to be strange to the area and ‘hanging around’ for no obvious reason. Contact the police sooner rather than later. They’ll go and check things out and if all is legitimate then fine. If not, it’s a theft prevented. In passing, most police services would far rather prevent crime than detect it after the event, so they won’t worry about the time invested in this sort of prevention.

If you don’t already, keep a dog on your property. OK, it’s perhaps not a viable deterrent for your fields a long way away from your home base but it will be a powerful deterrent to thieves looking to pick up some of your animals that are being held locally. Most livestock thieves REALLY detest dogs.

Don’t travel around your land to a set routine. Surprisingly, many thefts happen not in the dead of night but during broad daylight. If you have a certain routine which means you’re never in XYZ location until late in the evening, then thieves can get to know that and consider the rest of the day to be safe from your arrival. So, deliberately vary your schedule as much as possible.
There is, of course, no sure-fire way to guarantee the safety of your stock but some of the above steps might help.