{"id":554,"date":"2013-01-24T12:21:00","date_gmt":"2013-01-24T19:21:00","guid":{"rendered":"http:\/\/privatemoneysource.com\/blog\/?p=554"},"modified":"2013-01-24T12:21:00","modified_gmt":"2013-01-24T19:21:00","slug":"what-to-look-for-in-2013","status":"publish","type":"post","link":"https:\/\/privatemoneysource.com\/blog\/?p=554","title":{"rendered":"What to look for in 2013"},"content":{"rendered":"

Clay Sparkman<\/em><\/p>\n

I rather enjoyed the following article in the www.thefiscaltimes.com<\/a> (quite an impressive publication at first blush), and thought it would be a good one to share.<\/p>\n

“Ten Real Estate Trends to Watch in 2013”<\/p>\n

http:\/\/www.thefiscaltimes.com\/Articles\/2012\/12\/06\/10-Real-Estate-Trends-to-Watch-in-2013.aspx#page1<\/a><\/p>\n

The article begins by noteing that \u201cnational home prices have been on the uptick for eight straight months,\u201d and then goes on to identify ten areas to watch closely as probable determinants as to whether or not, and to what extent, this upward trend will continue.<\/p>\n

A key word for me, coming away from this article is \u201cconstruction.\u201d Item #1 notes that \u201c\u2026 construction of new homes and apartments needs to be between 1.25 and 1.5 million a year just to keep up with population growth. But since the housing crash, new construction has been at 500,000 units or fewer for 6 years running \u2026\u201d<\/p>\n

Item #10 then goes on to note that there is an immense shortage of bank funding available for construction loans. \u201c\u2026 only 22 percent of the country\u2019s largest banks are making them \u2026\u201d Further, they point out that \u201cmany medium and small builders who rely on loans for regional and community banks aren\u2019t getting the capital they need to launch projects.\u201d<\/p>\n

They don\u2019t mention \u201cprivate money\u201d as an alternative source for such players. They rather seem to suggest the demise or consolidation of these smaller players. Yet, as a purveyor of such, private money is the first thing that comes to my mind. Light bulb! Solution at hand!<\/p>\n

I expect that we\u2019ll be doing more construction loans in 2013 than in recent past years. Please feel free to comment, and let me know what you think, with regard to that suggestion and the article in general.<\/p>\n

– Clay (clay@privatemoneysource.com, 503-476-2909 or 800-971-1858)<\/p>\n

Clay is Vice President of Fairfield Financial, a primary source for private money loans since 1964.\u00a0 Fairfield works with a broad range of private money investors, in a broker capacity, finding, underwriting, presenting, closing, servicing, and when necessary, assisting in the workout of difficult loans.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Clay Sparkman I rather enjoyed the following article in the www.thefiscaltimes.com (quite an impressive publication at first blush), and thought it would be a good one to share. “Ten Real Estate Trends to Watch in 2013” http:\/\/www.thefiscaltimes.com\/Articles\/2012\/12\/06\/10-Real-Estate-Trends-to-Watch-in-2013.aspx#page1 The article begins by noteing that \u201cnational home prices have been on the uptick for eight straight months,\u201d […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_s2mail":""},"categories":[2,8,15,21,22,23,31],"tags":[37,40,41,42,43,45,49,50,51,55,56,58,59,60],"_links":{"self":[{"href":"https:\/\/privatemoneysource.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/554"}],"collection":[{"href":"https:\/\/privatemoneysource.com\/blog\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/privatemoneysource.com\/blog\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/privatemoneysource.com\/blog\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/privatemoneysource.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=554"}],"version-history":[{"count":0,"href":"https:\/\/privatemoneysource.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/554\/revisions"}],"wp:attachment":[{"href":"https:\/\/privatemoneysource.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=554"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/privatemoneysource.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=554"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/privatemoneysource.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=554"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}