Remax Predictions for 2012
January 9, 2012 by admin
Filed under Positive Real Estate
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Home Sales Up
December 21, 2011 by admin
Filed under Positive Real Estate
Existing-Home Sales Continued to Climb in November
Existing-home sales rose again in November and remain above a year ago, according to the National Association of Realtors(R). Also released today were periodic benchmark revisions with downward adjustments to sales and inventory data since 2007, led by a decline in for-sale-by-owners.
Although rebenchmarking resulted in lower adjustments to several years of home sales data, the month-to-month characterization of market conditions did not change. There are no changes to home prices or month’s supply.
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- Huntsville November Real Estate Sales(tbrander.wordpress.com)
Home sales rise in Manatee
By JOSH SALMAN – jsalman@bradenton.com The Bradenton-Sarasota market recorded 816 existing home sales last month, a modest 2 percent jump from October and 17 percent increase from the same time last year, according to figures released Wednesday by …
www.bradenton.comNWI home sales begin to march upward
Existing single-family home sales in Northwest Indiana increased 19.6 percent in November compared with one year ago, marking the fifth straight month of higher sales in the region, according to data from the Greater Northwest Indiana Association of …
www.nwitimes.comHome sales rising. Is a new wave of home investors forming?
Existing home sales rise in November and are now 34 percent higher than the mid-2010 low. Low prices and interest rates are drawing some new investors to real estate. By Margaret Price, Correspondent / December 21, 2011 This photo taken Tuesday shows a …
www.csmonitor.comMiami Real Estate Sales Continue Winning Streak in November, Prices Rise …
“Residential real estate sales have consistently risen in Miami-Dade since August 2008,” said Jack H. Levine, 2011 Chairman of the Board of the Miami Association of Realtors. “Now, after the relatively rapid absorption of excess housing inventory, …
www.worldpropertychannel.comRise in home building suggests industry turnaround
Short sales occur when lenders allow homes to be sold for less than what’s owed on the mortgage. Few homes are selling. After previous recessions, housing accounted for at least 15 percent of US economic growth. Since the recession officially ended in …
www.foxnews.com
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October Homes Sales Jump
December 7, 2011 by admin
Filed under Pending Home Sales
Image by Getty Images via @daylife
October pending home sales bounced 10.4 percent compared to September, according to the National Association of Realtors Midwest, up 24 percent.
The Northeast also saw sizeable gains, as did the South. Only out West did buyers stay on the sidelines, with pending home sales there basically flat month to month.
The boune more than recovered the loss through declines over the past three months. The National Association of Realtors (NAR) announced a 10.4% increase in the Pending Home Sales Index (PHSI) in October, rising to 93.3. This follows a decrease of 4.6% in September and modest declines in July.
Pending Home Sales Jump in October
The Pending Home Sales Index,* a forward-looking indicator based on contract signings, surged 10.4 percent to 93.3 in October from 84.5 in September and is 9.2 percent above October 2010 when it stood at 85.5. The data …
http://www.realtor.org/press_room
Greater Ft. Lauderdale Area Pending Home Sales Rise 25% in …
Total October cumulative pending home sales – including single-family homes and condominiums – in Broward County were 0.7 percent below what they were a year earlier, down from 7653 to 7704, and were down 0.1 …
http://www.worldpropertychannel.com/
Miami Pending Home Sales in October Rise 10% Over Last Year …
(MIAMI, FL) — According to the Miami Association of Realtors, October cumulative pending home sales – including single-family homes and condominiums – in Miami-Dade County were 10 percent above what they were a year …
http://www.worldpropertychannel.com/
Behind the Numbers: Pending Home Sales Rise – Developments …
After slipping for three consecutive months, an index that tracks the number of U.S. home buyers signing contracts to purchase previously occupied homes jumped in October, reaching the highest level of this year.
http://blogs.wsj.com/developments/
Strong showing for October pending sales | New Jersey Real Estate …
Pending home sales soared more than 10% in October and remain above year-ago levels, in a hopeful sign for the nation’s housing market, according to the National Association of Realtors. NAR’s pending home sales index, …
http://njrereport.com/?s=make+money+online&q=http://www.etoro.com/B503_A25509_TClick.aspx
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A Bottom in Housing
November 24, 2011 by admin
Filed under Home Resales
Reasons we may be at Zero.
Image by Getty Images via @daylife
The National Association of Home Builders’ sentiment index jumped three points this month to 20, its highest reading in over a year. The Commerce Department reports building permits and construction of single-family homes rose in October. The Federal Reserve’s fourth-quarter loan survey showed a pickup in demand for mortgage loans.
As an example of perhaps a turnaround, the inventories of houses for sale fell 41% to 21,304 in October, compared to 35,732 at the same time a year ago for Greater Phoenix, according to the Cromford Report, a market research firm in Mesa, Ariz. While the # of housing units sold is rising—to 6,428 in October from 5,443 in same month a year ago.
Meanwhile the National Association of Realtors or NAR, said sales rose 1.4% in October from a month earlier and were running at a seasonally adjusted annual rate of 4.97 million units. That puts sales on track to beat last year’s level of 4.91 million units, which was the lowest level in 13 years.
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Cities in Fla on the Rise
November 16, 2011 by admin
Filed under Positive Real Estate
NAR recently highlighted the turnarounds of many cities in the Sunshine State.
Miami, FL: The number one town on the report, Miami has gone from being one of the first victims of the subprime crash to having a healthy inventory that is only half the size from a year ago. Today, Miami is only reporting one foreclosure for every 407 homes, compared to the national rate of one per every 213. And, condo sales have increased 79 percent in the first five months of this year, largely due to an influx of foreign investors.
Orlando, FL: Ranked second on the report, Orlando leads the nation in the ratio of Realtor.com searches to listings. Inventory has also obtained a balance with demand. Foreclosures hurt the market in 2007-08, but foreclosures in Orlando were down 58 percent in September, compared to last year.
Fort Myers-Cape Coral, FL: Median prices in Fort Myers-Cape Coral have increased almost 33% year-over-year, according to Realtor.com’s October 2011 Real Estate Trend Data. In addition, foreclosures are down–only one in 313 homes in September–while inventory has been reduced and foreign buyers have been attracted to the area’s real estate prices. The metro ranked third on the turnaround report.
Fort Lauderdale: FL: A decrease in inventory coupled with an uptick in prices earns Fort Lauderdale the number five spot on the report. Inventory decreased almost 38 percent year-over-year, according to Realtor.com’s October data report. Prices have fallen about 46 percent since 2006, but are now going up.
Sarasota-Bradenton, FL: A total of 11 percent of all foreign buyers in Florida are in Sarasota-Bradenton specifically. Number six on the turnaround report, the market has seen a list prices increase of more than 17 percent year-0ver-year and a decrease of inventory of 32 percent according to the Realtor.com October data. The market still has a long way to go, after losing more than 55 percent of home values from 2006 to the second quarter of 2011 due to foreclosures.
Lakeland-Winter Haven, FL: A year ago, Lakeland-Winter Haven topped national foreclosure filing lists, but now the area’s distressed sale market share has decreased 46 percent. The area–ranked 7th on the turnaround list–has seen total listings decreased more than 36 percent year-over-year and median age of inventory decrease more than 17 percent, according to Realtor.com’s October data. Prices are also up 12 percent compared to last October.
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NAR says housing bumps up year over year
November 15, 2011 by admin
Filed under Home Resales
Image by Getty Images via @daylife
The National Association of Realtors (NAR) has reported that residential real estate sales showed positive gains in every U.S. state in the third quarter of 2011 when compared to last year (year over year).
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Mass Home Sales Up 7%
August 23, 2011 by admin
Filed under Positive Real Estate
Image via Wikipedia
Bay State home sales rose 7 percent last month, with single-family home sales totaled 3,847 in July, up from 3,590 in the same month a year ago
In a separate report today, the Massachusetts Association of Realtors tallied a 14 percent increase in single-family home sales, based on a different set of data.
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- Broward Home Sales Rise, Prices Stabilize (prweb.com)
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- Illinois Home Sales Up 18.4 Percent From a Year Ago: North Shore & Glencoe Real Estate News-July (glo360.wordpress.com)
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Commercial Real Estate Better than Stocks
August 14, 2011 by admin
Filed under Positive Real Estate
Image by brizzle born and bred via Flickr
From http://www.theage.com.au/business/property/us-real-estate-to-outshine-risky-stockmarket-20110814-1isxt.html
US COMMERCIAL real estate will perform better than the country’s volatile sharemarket during the current economic downturn because investors value its intrinsic quality, according to a new CB Richard Ellis report.
The study analyzed the effect on commercial real estate of the US economic slowdown, the S&P downgrade of the US credit rating and turmoil in the global financial markets.
”While we anticipate continued stockmarket volatility, commercial real estate will not fare as poorly because it remains a preferred asset class, within a well diversified multi-asset institutional portfolio,” said Asieh Mansour, CBRE’s head of Americas Research…”Investors with higher risk tolerance will look for opportunities in volatile markets while more risk-averse investors may delay new transactions.”..”Lending rates should stay relatively low, with loans conservatively underwritten with stricter covenants. The more risk-averse capital will look for core, income-producing assets in primary markets to satisfy demand,” the authors said.
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Foreclosures Delinquencies Drop Like a Rock
August 13, 2011 by admin
Filed under foreclosures, Positive Real Estate
Image by Getty Images via @daylife
The mortgage delinquency rate across the United States (measured by the # borrowers 60 or more days past due) decreased for the 6th consecutive quarter.
The delinquency rate dropped at 5.82 percent at the end quarter 2 and the 2nd quarter also shows mortgage delinquency rates improved quarter over last quarter at 5.98 percent. This marks the best improvement since the recession officially ended two years ago.
While relatively low home prices and high unemployment continue to exert upward pressure on delinquency rates, they are more than offset by the impact of more conservative lending policies reflecting consumers with higher credit scores,” says Tim Martin, group vice president of the U.S. Housing Market in TransUnion’s financial services business unit. “Not only are these consumers less likely to default if house prices continue to edge downward throughout the year, but their willingness to repay their debt obligations in the face of high unemployment rates is greater. It is because of these dynamics that lenders today take a much closer look at the borrower’s income history and overall debt situation than before the recession began in 2007.
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Positive Signs In Real Estate
August 11, 2011 by admin
Filed under Positive Real Estate
Image by james.thompson via Flickr
Burns has lots of positive news for the housing markets.
- Apartment supply will soon increase in many western markets, coming off very low levels.
- Housing affordability is excellent, which can compete with rentals.
- A wide and more diverse variety of rental products is being developed in western markets.
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