DJSP Enterprises Acquires Timios, Inc.
July 28, 2010 by admin
Filed under Home Resales, Pending Home Sales, Positive Real Estate, Positive Real Estate Brokerages, Real Estate Articles
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DJSP Enterprises completed its acquisition of Timios, Inc. DJSP Enterprises is one of the largest providers of processing services for the mortgage and real estate industries. It now plans to leverage Timios’ best in class technology and paperless processes across the existing operations in Florida. “Completion of this acquisition represents a significant step forward in our quest to become the leading cyclical provider of products and services to the mortgage and real estate industries,” said David Stern, Chief Executive Officer for DJSP.
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Portland Ranks 6th in Impressive Index
July 28, 2010 by admin
Filed under Home Resales, Pending Home Sales, Positive Real Estate, Positive Real Estate Brokerages, Real Estate Articles
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Portland, Oregon ranks 6th of the 20 cities tracked by Case Shiller. The index reveals that a dollar invested in the Portland real estate market would be worth $1.47. That is a 47% return on each dollar invested. DC, Los Angeles, New York, San Diego, and Boston place among the top five with Washington DC’s impressive 82% return.
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Strong Gains in Home Sales in all Counties of The Metro Chicago Real Estate Market
July 27, 2010 by admin
Filed under Home Resales, Mortgages, Pending Home Sales, Positive Real Estate, Positive Real Estate Brokerages, Real Estate Articles
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The first half of 2010 yielded substantial gains in home sales activity in nearly every portion of the seven-county metropolitan Chicago real estate market, with Kane County leading the way, according to an analysis of sales data by RE/MAX. Sales of detached and attached homes in the metro area rose to a combined total of 38,053 units, a 35 percent increase over the 27,757 sales recorded in first half of 2009. Home sales in Kane County increased 61 percent, with 2,523 homes changing hands, compared to 1,564 sales during the first six months last year. Sales of detached homes in Kane rose 62 percent to 2,058 units and sales of attached homes climbed 59 percent to 465 units from the same period in 2009.
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California Leads the Way
July 26, 2010 by admin
Filed under california, Home Resales, Pending Home Sales, Positive Real Estate, Positive Real Estate Brokerages, Real Estate Articles
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Berkeley, California homes lead the country in homes sold above the asking price, about 108% above the asking price. Seven of the top ten zip codes with homes sold above the asking price where in California.
Berkeley, California homes lead the country in homes sold above the asking price, about 108% above the asking price. Seven of the top ten zip codes with homes sold above the asking price where in California.
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Impressive June Numbers
July 26, 2010 by admin
Filed under Florida, Home Resales, Mortgages, Positive Real Estate, Real Estate Articles
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Tampa Bay area homes sales have increased significantly in June 2010. 3,226 homes were closed, four hundred more than this time last year. Condo sales have grown, as well. In the Tampa Bay area, condos ha sales have gone up 38% compared to a year ago.
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Maine home sales jump 63 percent in April
May 25, 2010 by admin
Filed under Home Resales
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Home sales in Maine surged in April as homebuyers rushed to take advantage of record-low mortgage rates and the federal home buyer tax credit.
Sales of existing single-family homes jumped by 63 percent over April 2009. The median sales price increased 3 percent, to more than $165,000.
In all, real estate agents sold 994 homes in Maine in April, up from 610 a year earlier.
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South Fla Homes Prices and Sales Volume Up
May 25, 2010 by admin
Filed under Florida, Home Resales
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The Miami Herald is reporting that home prices and sales volume are on the rise. A dynamic duo not seen in a long time.
After nearly three years of freefall, South Florida single-family home prices tried something new in April: They went up….`There’s no question that the market has been strengthening,” said Ron Shuffield, president of Esslinger-Wooten-Maxwell Realtors.
Condo sales once the icon of the real estate boom’s excess had big increases in units sold, a 33 percent increase over the same time a year ago.
to make things look even brighter Florida’s unemployment rate dropped to 12 percent in April after 49 months of increases.
Read more: http://www.miamiherald.com/2010/05/24/1646315/home-sweet-home-with-rising-sales.html#ixzz0oyvWXj3G
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Schiller Finds 9 Cities on the Rise
March 30, 2010 by admin
Filed under Home Resales
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Los Angeles posted almost a 1% gain and San Diego posted a .4% gain in month month gains in January on a non-seasonally adjusted basis.
Other cities with year-over-year gains include San Francisco, Las Vegas.
A separate report, released this month by data and analytics company Radar Logic, found that the price per square foot of homes rose in eight of 25 U.S. markets tracked in January compared to the same month a year earlier.
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- Case-Shiller: Seattle Home Prices Fall From 2009 Plateau (seattlebubble.com)
- A Look at Case-Shiller, by Metro Area (March Update) (blogs.wsj.com)
- Seattle 1-year home price dip is third-worst in U.S.: Study (bizjournals.com)
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Positivity in Marketplace
March 29, 2010 by admin
Filed under Home Resales
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Brokers and agents across the United States reversed three months of declining optimism in Point2 Technologies’ Real Estate Confidence Index (RECI) survey, pushing the forward looking market opinion Index up 2.49% for the March 2010 survey period. Accounting for seasonality, the national monthly Index moved up to 5.77 on the one to ten scale (1 being “Bad” and 10 being “Good), up from 5.63 in February 2010
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Baltimore Sales Rise For First Time Since 2005
March 7, 2010 by admin
Filed under Home Resales
Falling home prices have transformed many properties from asset to albatross, but there’s hope yet for those looking to sell: Nearly two-thirds of the Baltimore region’s ZIP codes saw sales increases last year, the first time since 2005 that buying didn’t slump across the board.
Sales are on the upswing as first-time homebuyers jump in – enticed by a temporary $8,000 tax credit – and investors snap up foreclosed properties. And some homeowners who can’t wait any longer for prices to rise are finding ways to move on. Baltimore Sun
