Best Schools Best Cities
April 27, 2011 by admin
Filed under Positive Real Estate
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GreatSchools considered multiple data sets for the survey, including , median home prices, population, public school test scores,and unemployment rates. The site considered 17,589 towns and cities in 49 states and Washington, D.C.
| City | # schools | Pop. (2009) |
Median home value (Q3 2010) |
Unem- ployment (Nov. 2010) |
Educational Quality Index |
| 1. Falmouth, Maine | 5 | 10,669 | $351,550 | 5.0% | 100.00 |
| 2. Mercer Island, Wash. | 5 | 24,351 | $708,740 | 8.7% | 99.12 |
| 3. Pella, Iowa | 5 | 10,475 | $148,200 | 5.3% | 98.25 |
| 4. Barrington, R.I. | 6 | 16,284 | $296,010 | 9.7% | 97.96 |
| 5. Bedford, N.H. | 6 | 21,504 | $293,730 | 5.5% | 97.96 |
| 6. Moraga, Calif. | 5 | 16,465 | $722,010 | 11.5% | 97.69 |
| 7. Manhattan Beach, Calif. | 7 | 37,745 | $1,278,980 | 4.5% | 97.69 |
| 8. Parkland, Fla. | 5 | 25,106 | $426,390 | 9.7% | 95.98 |
| 9. St. Johns, Fla. | 9 | 18,063 | $181,700 | 10.3% | 95.98 |
| 10. Southlake, Texas | 12 | 26,297 | $476,880 | 8.2% | 95.74 |
For the Best Schools
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Pew Finds Real Estate Still Best Investment
April 26, 2011 by admin
Filed under Real Estate Articles
They perception is reality and Pew Research polled 2,142 adults between March 15 and March 29 that comprised 57% of current homeowners and 30% of renters.
The found several interesting results:
- (44% of individuals whose homes lost value said they expect to recoup their equity losses in three to five years.
- 81% of adults believe buying a home is the best long-term investment a person can make.
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March Existing Homes Sales Rise 3.7%
April 26, 2011 by admin
Filed under Positive Real Estate
Sales of existing-home sales rose in March according to the National Association of Realtors®.
View local market data >
View Summary of March 2011 Existing-Home Sales Statistics >
Existing-home sales1, which are completed transactions that include single-family, townhomes, condominiums and co-ops, increased 3.7 percent to a seasonally adjusted annual rate of 5.10 million in March from an upwardly revised 4.92 million in February, but are 6.3 percent below the 5.44 million pace in March 2010. Sales were at elevated levels from March through June of 2010 in response to the home buyer tax credit.
Lawrence Yun, NAR chief economist, expects the improving sales pattern to continue. “Existing-home sales have risen in six of the past eight months, so we’re clearly on a recovery path,” he said. “With rising jobs and excellent affordability conditions, we project moderate improvements into 2012, but not every month will show a gain – primarily because some buyers are finding it too difficult to obtain a mortgage. For those fortunate enough to qualify for financing, monthly mortgage payments as a percent of income have been at record lows.”
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New Housing Gets Positive
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Housing starts
Housing startswere up 7.2% over February numbers according to the . The National Association of Home Builders (NAHB).
The Midwest:up 32.3 %
The West:up 27.6 %
The Northeast: up 5.4 %
Home Sales
March sales for new single-family houses were up 11.1 %.
Building Permits Are Up too
According to the U.S. Commerce Department permits rose 11.2 %.
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Homes Sales Rise 3.7 Percent
April 21, 2011 by admin
Filed under Positive Real Estate
Wxisting home sales rose 3.7 percent in March from the month before, according to a National Association of Realtors report released today.
Completed sales of existing single-family homes, townhomes, condominiums and co-ops fell 6.3 percent compared to March 2010 — when a federal homebuyer tax credit program elevated sales — to a seasonally adjusted annual rate of 5.1 million units.
Related articles
- Miami Condominium Sales Spike 85 Percent (prweb.com)
- Economic Report: Existing-home sales rebound a bit in March (marketwatch.com)
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Orlando Housing Increase Every Month
The median price of Orlando area existing-home sales has increased for the third consecutive month – to $103,000 – reports the Orlando Regional REALTOR? Association. However, the March 2011 median price is 6.36 percent less than the median recorded in March 2010.
The increase in overall median price is attributable in part to an increase in the number of “normal” home sales, which have higher selling prices than foreclosures or short sales. The number of normal sales in March (733) is 28.15 percent higher than in February (572).
“Short sales and foreclosures continue to dominate and account for 70.50 percent of sales in March,” says ORRA Chairman of the Board Mike McGraw, McGraw Real Estate Services, PL. “A consistently high percentage of these sales types is something that we want to see; the sooner they flush through the system the sooner we can get back to a market based on normal sales.”
The key will be to see if we can keep this going over a sustained amount of time as it is great news. Lets hope it continues.
http://realtrends.com/products/updates/view?uid=23&pid=173&page=4
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Positive Realty News Survey Report
April 13, 2011 by admin
Filed under Real Estate Articles
The Cotton and Company sent 65,732 registrants on resort and real estate websites a survey on their home buying intent.
Total responses to date: 807 Survey sent: February 25, 2011 Click the PDF graphic to get the report.
Or visit www.TheCottonSolution.com
Background: The Cotton and Company are industry leaders the sales and marketing of residential real estate throughout the United States, Latin America and the Caribbean. Managed more than 1600 properties over the past 28 years. Provides integrated market research, analytics, marketing, web development, public relations, sales management, and customer database management services.
Some of the more salient findings:
The vacation home market has experienced a rebound in 2011, moving from 4% to 36% interest year-over-year. This is the
highest level of interest throughout the 3-year period.
• In 2010, 95% of the respondents who were no longer in the market for real estate cited economic instability as the reason for not
purchasing. In 2011, 46% of the respondents cited no desire to move, indicating a 41% drop in the response aligned with
economic conditions.
• Buyers who must sell their home prior to purchase dropped 10% year-over-year, reflecting 32% in 2011.
• Buyers who plan to purchase within 6 months saw a 21% increase from 2010. In 2011, 25% of the buyers indicate a timeline to
buy within 6 months, however, a 13% increase in the “over 2 years” category was also noted.
• Respondents remained virtually unchanged in their answer to “Have we reached the bottom of the market?” signifying continued
concern over pricing stability.
• The level of anticipated price reduction continues to show improvement in 2011, a result of significant price adjustments in the
market. In 2009, the median anticipated discount was 50%. In 2010, 30%. In 2011, this level has reduced to just 20%.
• Buyer transition indicates a continued trend toward downsizing and geographic relocation. This trend is also reflected in the
increased interest in smaller villa product type.
• 1,700 to 2,300 square feet remains the most popular residence size. However, growth occurred in the smaller home segment
with 31% of the market seeking a home between 1,000 and 1,600 square feet of space.
Mr. Cotton offers up his advice to Realtors and Mortgage pros on how to get their marketing ready to handle the realities of todays real estate market.
