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This is the biggest drop ever in history!

Meanwhile New home sales is driving much of the current home sales and helping to end the housing slump.

“Existing home sales produce some economic activity but it pales in comparison with new home sales,” said David Crowe, the chief economist for the national Association of Home Builders. “We calculate that for every 100,000 homes built, it creates 150,000 construction jobs but another 150,000 manufacturing jobs building refrigerators, furniture and other products.”

http://money.cnn.com/2011/03/10/real_estate/february_foreclosure_realtytrac/index.htm

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Santa Ana, Calif.-based Veros Real Estate Solutions, a technology firm serving the financial services industry looked at at the median price tier in metros of 500,000 or more.

For December 2010 through December 2011, and selected  markets in the U.S. are expected to grow 2.5% to 3.5% appreciation on home values.

Projected five strongest markets:

• San Diego: Carlsbad / San Marcos, Calif. (+3.5%)
• Kennewick / Richland / Pasco, Wash. (+3.4%)
• Pittsburgh, Pa. (+2.7%)
• Fargo, N.D. (+2.6%)
• Washington, D.C. metro area (+2.5%)

Projected five weakest markets:

• Reno/Sparks, Nev. (-7.2%)
• Orlando/Kissimmee, Fla. (-6.5%)
• Boise City/Nampa, Idaho (-6.4%)
• Deltona/Daytona Beach/Ormond Beach, Fla. (-6.3%)
• Port St. Lucie/Fort Pierce, Fla. (-6.3%)

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The median price of resale homes in California has risen almost 30 percent since February 2009, after falling 58.8 percent from its record high in 2007, the California Association of Realtors reported yesterday.

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El Paso, TX

Texas Land is America’s best buy in real estate today

A recent study of land prices by SunsetRanches.com in Texas and California revealed startling price differences and reveal Texas as one of America’s greatest values in land sales.

El Paso, Texas – A recent study of land prices by SunsetRanches.com in Texas and California revealed startling price differences and reveal Texas as one of America’s greatest values in land sales. As the economic recession continues, many Americans are keen to take advantage of falling real estate prices by investing in land. Unlike stocks and paper money, land is a stable, tangible investment whose value has historically always increased with time, making it the perfect venture to ride out the present market.

Land sellers are currently offering some amazing prices for acreage, and Texas appears to be providing the best deals in terms of quality land at a low cost. For example, Sunsetranches.com, an online land retailer, is now offering 20 acres of Texas land for only $99.00 per month. These lots are surrounded by beautiful mountain views and are located only 50 minutes away from El Paso, the second safest city in the US. They also provide the perfect terrain to build on, keep cattle and horses, camp, or use your RV. The lots are close to the Interstate, school, food, gas, lodging, and a post office as well.

How does Texas land prices compare to other land prices in America? While these 20 acre Texas lots are now being offered at the low price of $12,900 with $0 down, similar 20 acre tracts of land in California are being sold for approximately $52,000. That’s almost 5 times the cost of land in Texas! With unbelievable prices and terms these Texas lots are selling quickly and now is a great time to invest in land.

About SunsetRanches.com:

SunsetRanches.com has been in business in Texas for more than 30 years. They employ a staff of trained professionals who are well versed in all facets of land acquisition, including zoning, taxes, deed restrictions and comparable properties. Sunset Ranches is a member of the BBB in good standing and has pledged to observe their high ethical standards of business practice.

Contact Information:
For more information on Texas land and the properties offered by Sunsetranches.com, visit www.sunsetranches.com
or call:
Anthony Romano
1 866 – 882 – land

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El Paso, TX

Texas Land is America’s best buy in real estate today

A recent study of land prices by SunsetRanches.com in Texas and California revealed startling price differences and reveal Texas as one of America’s greatest values in land sales.

El Paso, Texas – A recent study of land prices by SunsetRanches.com in Texas and California revealed startling price differences and reveal Texas as one of America’s greatest values in land sales. As the economic recession continues, many Americans are keen to take advantage of falling real estate prices by investing in land. Unlike stocks and paper money, land is a stable, tangible investment whose value has historically always increased with time, making it the perfect venture to ride out the present market.

Land sellers are currently offering some amazing prices for acreage, and Texas appears to be providing the best deals in terms of quality land at a low cost. For example, Sunsetranches.com, an online land retailer, is now offering 20 acres of Texas land for only $99.00 per month. These lots are surrounded by beautiful mountain views and are located only 50 minutes away from El Paso, the second safest city in the US. They also provide the perfect terrain to build on, keep cattle and horses, camp, or use your RV. The lots are close to the Interstate, school, food, gas, lodging, and a post office as well.

How does Texas land prices compare to other land prices in America? While these 20 acre Texas lots are now being offered at the low price of $12,900 with $0 down, similar 20 acre tracts of land in California are being sold for approximately $52,000. That’s almost 5 times the cost of land in Texas! With unbelievable prices and terms these Texas lots are selling quickly and now is a great time to invest in land.

About SunsetRanches.com:

SunsetRanches.com has been in business in Texas for more than 30 years. They employ a staff of trained professionals who are well versed in all facets of land acquisition, including zoning, taxes, deed restrictions and comparable properties. Sunset Ranches is a member of the BBB in good standing and has pledged to observe their high ethical standards of business practice.

Contact Information:
For more information on Texas land and the properties offered by Sunsetranches.com, visit www.sunsetranches.com
or call:
Anthony Romano
1 866 – 882 – land

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LOS ANGELES, Aug. 31, 2010 – Almost one-third (31%) of independent landlords plan to buy additional rental property by the end of 2012, according to a survey released today by The National Association of Independent Landlords.

The top reason, cited by 68% of those planning a purchase, is that current prices make rental real estate a good investment.  Other reasons include pricing low enough to allow them buy a retirement home (8%) or a vacation home (8%) that can be rented out to earn additional income until needed.

“With property prices still beaten up in many great areas – Las Vegas, Florida, Arizona and California – our members see this as a good buying opportunity and a smart way to beef up their property portfolios,” said Tracey Benson, president of The National Association of Independent Landlords.  “Low interest rates are just icing.”

Most respondents (73%) say real estate is a good way to fund their retirement.

Nationally, housing prices and sales are mixed, with some areas having bottomed out and others in for further depreciation.

“It’s not like all uncertainty has been erased from the market – far from it.  But buyers who do their research can find deals that really make economic sense for them,” Benson said.

The National Association of Independent Landlords polled 507 members from Aug. 24 to Aug. 26, 2010.

About The National Association of Independent Landlords The National Association of Independent Landlords is the country’s largest provider of services for small landlords.  Services include credit reports, electronic rent collection and tenant screening as well as information about property management, rental laws in all 50 states and other issues critical to property owners.

For further information, please visit www.landlordassociation.com or call 1-800-352-3395.

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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.

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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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An estimated 43,964 new and resale houses and condos were sold statewide last month. That was up 7.3% from 40,965 in May, and down 0.5% from 44,167 for June 2009, according to MDA DataQuick.

California sales for the month of June have varied from a low of 35,202 in 2008 to a peak of 76,669 in 2004, while the average is 50,405. MDA DataQuick’s statistics go back to 1988.

The median price paid for a home last month was $270,000, down 2.9% from $278,000 in May, and up 9.8% from $246,000 for June a year ago. The year-over-year increase was the eighth in a row, following 27 months of year-over-year decline. The bottom of the current cycle was $221,000 in April 2009, the peak was at $484,000 in early 2007.

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