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Ray Washingotn is a real estate broker in Atlanta, Ga who specializes in REO asset management, commercial and residential real estate services. He holds both a M.A and B.A from the Jacksonville Theological Seminary. Ray majored in Business Management at the Central Texas College and is a graduate of the Defense Information Schools Journalism and Public Affairs School. In his day to day real estate practice he works closely with a number of bank and institutional clients and is constantly sought after for broker price opinions of value from his more than one dozen bank clients. He purchased his first "no money down" property more than 30 years ago (at age 19), and has written several books and real estate investing courses. The goal is this investment group is to train and develop real estate investors who are committed to justice and fair play in the real estate investment market. We hope to attract those who would be willing to help others through the vechicle of real estate investing by sharing knowledge and pooling resources. Our mission is to turn poverty into prosperity. The basic strategy is to train and empower thousands of investors, trainers and coaches to be able to impact their respective commuities with outreach programs, pooling resources-knowledge-and skill sets for the benefit of all. In order to impact our member we provide training courses, books, tapes, newsletters, net confrences and teleconfrences. All designed to stregenthen the knowledge of fellow investors. We would love for you to join our group. It's easy and affordable. If you'd like information on joining our group click on the blue "Contact Info Link" above or contact Ray directly at 678-933-6782 Email rayw001@bellsouth.net or http://www.raywashington1.com |
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Is there a a housing bubble?
It seems like all the talk lately is about the "housing bubble" and when
it's going to burst. The media and the financial periodicals have done a
great job of making a much bigger deal out of this than is necessary.
I've attached a great little clip from the National Association of Realtors
economist that explains why he thinks that the bubble won't burst.
NAR Economist Predicts Housing Bubble Will Not Burst
According to David Lereah, chief economist for the National Association of
Realtors, the burst of the housing bubble predicted by many is not realistic.
Lereah told attendees of NAR's Leadership Summit in Chicago last Friday that
questions asked about the housing bubble are valid but the answers provided
by some national media outlets are not. "I see a healthy market with some
growing pains, and they see a bubble about to burst," he said of recent newspaper
and magazine reports that predict a housing market bust. "They're having,
in my opinion, an inappropriate relationship with the facts." A close look
at housing statistics actually shows that the national market has strong
fundamentals, with a lean supply of homes, a growing pool of homebuyers,
an improving job market, and continued low interest rates, Lereah said.
However, he acknowledged that local markets differ. Some cities haven't seen
close to the double-digit annual price growth experienced in the hottest
markets, while in other areas home prices have soared out of reach due to
a supply-and-demand imbalance. But even in those local housing markets where
prices have soared, Lereah said there will be no bursting bubbles. Rather,
the air will likely leak out gradually, returning prices to more normal market
conditions.
- National Association of Realtors, August 24, 2005
Ray~
http://www.raywashington1.com
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