Posts about Real Estate Market Reports as of July 18, 2009

    We’re actually at the half way point of the summer, even though all of the June rain makes it seem like summer has just begun. But it is, finally, warm and a little bit muggy, as much as it gets here on the coast of Maine, so it must be time to review and report on the state of the real estate market in the greater Damariscotta Pemaquid area.    I’m sure you are all aware of yesterdays Commerce Dept. report that showed construction of new homes rose in June to the highest level in 7 months.

30 more Homes in Escrow in South Lake Tahoe than this time last year… 48% are Distressed Sales! We have just updated the South Lake Tahoe Real Estate Market Escrow Report. There are 88 homes in escrow at present . (This same number was 94 a month ago ago.) This is 18.9% of the current 465 homes on the market in South Lake Tahoe, CA. Throughout the last calendar year the percentage of homes in escrow has ranged from 9.5% to 24.6%.There were 11.7% of available homes in escrow at this same time last year.

There seems to be an important exception to that notion that this is a buyers’ market when it comes to housing: distressed real estate. Properties that are delinquent and nearing foreclosures or are already in foreclosure are now attracting bubble-like interest. According to a report by RealtyTrac, “1.5 million U.S. owners have been told they are in danger of losing their homes.

Earlier this week, Bondad, Daily Kos’s resident economic analyst suggested that there is a Black Swan myth. That’s to say that the economy is starting to get better, and that there aren’t any potentially catastrophic combinations of economic events on the horizon. The idea of the Black Swan isn’t that events are entirely unforseeable, only that they do not agree with what we think to be true of the world.

The Real Estate Council of Alberta has resolved to take the issue of fraud very seriously. It is a fact that of late many Alberta residents have been victimized by mortgage fraud upon being lured by promises of big returns. There have also been cases where some person has quite unknowingly allowed a fraudulent act to become a part of their action which has given shape to the plan of some fraud mastermind.

By Tan Weiyun Published on 2009-07-17 Getting their only child – the bearer of family aspirations – into the right schools is all-important for many young parents. It’s so important that pregnant women are commonly told it’s already time to start planning the right kindergarten, three or four years in advance. “Don’t lose at the starting gate,” is a common saying. Pressure on children and parents is enormous.

The following information is from the local MLS database as of July 18, 2009, compared to (July 11, 2009) and (July 19, 2008). Total # of condos for sale in the city of Boston: 2,098 (2,128) (2,227) Average # of days on market: 127 (127) (131) Number of condos sold, past 30 days: 387 (386) (411) Average days on market, sold units: 90 (91) (100) Ratio, closing/sales price to original/list price: 95% (94%) (92%) Months supply of condos: 5.42 (5.51) (5.42) Median close price, last thirty

Bank of America Loan Modification Program – dionysus-online.com 07/18/2009 Bank of America loan modification program is for all those Homeowners who are encountering difficulties due to bad credit history and thus unable to meet their liabilities. Problems pertaining to foreclosure can be eased out completely with the assistance of these loan modification programs. This programs aims at revising all the terms related to loans through negotiation between homeowner and lender.

June Housing Report For Tallahassee – blog.manausa.com 07/17/2009 The new numbers are in for home sales in the Tallahassee real estate market , and unfortunately there is little good news to be gleened from the reports. Average prices are still dropping, unit sales are still dropping, and year-over-year home sales just posted the 36th consecutive month of declining home sales. One of the most important trends that we can watch is the year-over-year home sales report.

Seamless Short Sales Come Of Age – va-mountain-land.com 07/18/2009 Real estate investors looking for steady, relatively safe returns, and who are also interested in helping financially-squeezed homeowners remain in their properties, should check out the “seamless short sale” concept. Rather than homeowners being forced to leave their houses after a short sale to an investor, they instead rent back the property on a triple-net basis for less than they were paying per month to the bank.

Big Bear Homes Consideration – ntwp.net 07/18/2009 by Grizzly B. K. Big Bear Lake, California is a beautiful place to buy a home. If you’re looking at Big Bear homes, buying a bank-owned home can be a great buy for many reasons. The low price being the most obvious. However, like everything else, there are drawbacks even among the many wonderful Big Bear homes. When banks take ownership of one of hes kinds of Big Bear homes, they are unaware of the total condition of the properties.

The Real Estate Council of Alberta has resolved to take the issue of fraud very seriously. It is a fact that of late many Alberta residents have been victimized by mortgage fraud upon being lured by promises of big returns. There have also been cases where some person has quite unknowingly allowed a fraudulent act to become a part of their action which has given shape to the plan of some fraud mastermind.

by Alex Ferguson France is a popular place to own a property, whether for holiday hideaway or permanent home. The quality of living is superior, the cost of living is reasonable, the land is easily reached and the weather conditions are fair. Now, how does one uncover a French property – and what information is needed in regards to the buying process? Research the regions of France for local weather and character, accessibility, prices, countryside and architecture.

Sell Your House Quickly in a Down Market – For Full Price! By Anthon Sonnenberg You have seen the ads ‘We buy houses for cash’, ‘Sell your house for cash’, ‘Sell your house quickly for cash’, etc. or the big yellow billboards reading: ‘We buy ugly houses’. And yes, if you have to sell your house quickly, e.g. because of relocation, divorce, foreclosure, etc. this definitely looks like a perfect solution. Since those companies buy houses for cash they can close within a few days.

July 18, 2009 in Foreclosure, Sub-Prime, Short Sales, Real Estate Stats & Market Update | Tags: All About Portland Oregon Real Estate, bank owned properties, bedrooms, Betty Jung, betty-jung-blog, betty-jung-re-max, betty-jung-realtor, Betty’s Blog, Buying, captcha, Economy, foreclosures, housing, housing-blog, Lake Oswego, Lake Oswego Homes, Lake Oswego Real Estate, lake oswego-oregon-real estate, lake-oswego-oregon-real-estate-blog, market update, Oregon, Oregon Real Estate, oregon-blog,

The June 2009 Completed Sales Report for San Jose Single-Family Homes saw a closing of 694 sales receiving 99.16% of list price. These closings represented a median price of $449,000 and an average price of $503,660. There were 866 new listings reported to the MLS for June 2009 . Total Sales: $349,540,109 The May 2009 Completed Sales Report for San Jose Single-Family Homes saw a closing of 580 sales receiving 98.77% of list price.

by Ryan Kapowich The Q2 2009 Completed Sales Report for Willow Glen Single-Family Homes saw a closing of 136 sales receiving 97.10% of list price . These closings represented a median price of $620,000 and an average price of $659,336. There were 262 new listings reported reported for Q2. Total Sales: $89,669,707 The Q1 2009 Completed Sales Report for Willow Glen Single-Family Homes saw a closing of 71 sales receiving 96.12% of list price .

The June 2009 Completed Sales Report for Los Altos Single-Family Homes saw a closing of 40 sales receiving 95.97% of list price . These closings represented a median price of $1,483,000 and an average price of $1,637,200. There were 42 new listings reported reported for June. Total Sales: $65,488,000 The May 2009 Completed Sales Report for Los Altos Single-Family Homes saw a closing of 22 sales receiving 94.12% of list price .

NEW LISTINGS: Active 07/16/09 Listing # 111206 803 Olivia St Key West, FL 33040-6418 Listing Price: $1,599,000 County: Monroe County Property Type Residential Property Subtype Single Family Key/Island Key West Subdivision Old Town – Unrecord Beds 3 Aprx Sq Footage-FLA 2035 Seller Baths(FH) 3 (3 0) Price/Sq Ft $785.75 Waterfront No Year Built 1938

Even with the election of the Obama team to White House, America remains in a state of uncertainty and gloom. This gloom has sailed across to the other side of the Atlantic where there is a slow increase of countries that are now saying that they are in recession.  The money pessimism seems to be everywhere you look. There seem to be millions of opinions on why this occurred and another thousand on whether the bailout will help or even hinder the financial recovery.  A negative story seems to follow another negative story.

An initial batch of new soldiers at Fort Carson helped drive down the area s apartment vacancy rate in the second quarter, a report shows. Apartment vacancies fell to 8.5 percent between April and June, down from 9.9 percent in the first quarter Source: www.gazette.com Travel + Leisure lauds Denver s Hotel Teatro, 6 Colorado resorts – Denver Business Journal San Jose Hilton, Crowne Plaza undergo $18M overhaul to bolster business Denver s Teatro, Monaco hotels on Travel + Leisure

View Larger Map In real estate terms, we call this area 530. The area of Redmond called Education Hill is north of Redmond Town Center and is not part of this report.  The area represented by the statistics posted below is Redmond, 98052, south of highway 908 and east of 140th Ave NE. The neighborhoods are all within shouting distance of Microsoft . In real estate terms, we call this area 530. The area of Redmond called Education Hill is north of Redmond Town Center and is not part of this report.

by Mike Fish Your credit score and the probability of being approved for a mortgage loan could be damaged if errors appear on a credit report. Its very important that you obtain a copy of your credit report before you apply for your mortgage loan and on a regular basis. Not just from one company, but from all three major reporting companies (Equifax, Experian, and Transunion) because the information varies on all three reports. In six states, you can obtain a copy of your report for free; elsewhere, you will be charged a fee.

Here is this week’s Folsom Homes Report, for sales activity in the Folsom real estate market as reported by Trulia. In comparison to last week, the median sales price, and average price per square foot for Folsom homes,  remained unchanged.   There are 113 Folsom homes that are pending sales representing 26.90% of the available inventory.  The time to sell  Folsom homes is currently 79 days.

John Law and the Invention of Modern Finance Mises Daily by Doug French When the stock market was on a tear after hitting bottom in March, there was no talk of another stimulus plan. Now, suddenly, with stock prices melting in the summer heat, discussion of a second stimulus plan has Washington buzzing.

Nothing shocking here.  Just a very well written and quantified report on the pending refinance crisis coming in commercial real estate. Some telling excerpts from the Deutsche Bank report (emphasis mine): While most attention in commercial real estate today is focused on the dramatic deterioration in term loan performance (i.e. the performance of loans prior to maturity), we believe that a potentially even more troublesome issue is the extent to which loans originated during the 2005-2007 period will encounter problems refinancing at maturity.

Real estate standards are lower than they were five years ago. When homes sold well, when property was developed at a rapid pace, and most important—when money was plentiful—real estate seemed to have unlimited growth potential. Such success inspired builders, architects, and property managers to use innovative design concepts to pave the way toward a more environmentally sound future. Green design was suddenly the rage.

Mike Price sends: My opinions on investment and the world have changed so dramatically over the past twelve months that I have decided to divide my investment ‘philosophy,’ into two separate sections I think it’s fitting to start this new manifesto at the apex of the former section. My investment career up ‘til this point had been full of disappointments and hypocrisy, I read and wrote about the virtue of doing your own work and investing, not speculating; but all this time I borrowed ideas from others and rarely did the amount of work necessary to justify taking a position.

#fullpost{display:inline;}In this report:1. Emergency Payday Loans You Can Use by Nathan S2. Give All Realtors Access to REO Listings and They Will Save Their Homes by Christian Viollaz3. How to Plan Your New Life under Stress by joe theu 4. UK No Fuss Loans by Toby Kennedy5. NASCAR – What Impact will GM and Chrysler Bankruptcy Filings Have? by Dirk Gibson1. Emergency Payday Loans You Can Use by Nathan SWith economic uncertainties abound, there may come a time when your financial situation gets the better of you.

#fullpost{display:inline;}In this report:1. Bad Credit Repair Service Allows to Look for the Problems in Credit Report by Jake Jenkins2. Debt consolidation for people with bad credit- Instant help for bad creditors by Karen Wardman3. Austin TX houses – find the perfect Austin, TX house for you by vikram kumar4. No checks or proof payday loans: better pacting with your unexpected expenses by Bob Moore5. Bookkeeping Help -The Hope to Keep Your Business Alive by Alvis Brazma1.

#fullpost{display:inline;}In this report:1. The recent rise in housing prices by Alex Blue2. The economy and the mortgage industry; and it’s effect on homewoners by Alex Blue3. Predatory Renting Crisis In The Midst Of The American Foreclosure Crisis by Alex Blue4. Mortgage loan modification and the law by Alex Blue 5. Mortgage Investors Getting Protection From Obama’s Housing Bill by Alex Blue1. The recent rise in housing prices by Alex BlueIt has been a while since those words have been seen.

Is Britney Spears Already Cheating on Jason Trawick? – FOXNews According to a report in the New York Post, Spears, 27, has been spending some significant alone time with record producer Dallas Austin at his Atlanta home …. Texas asks feds for rail money – Dallas Morning News Texas hopes to use the $1.7 billion to eventually link Dallas, Austin , San Antonio and Houston with trains traveling at speeds exceeding 200 mph. ….

#fullpost{display:inline;}In this report:1. No credit check loans: viable way to compact your worries by David Smith2. Payday loans – your help before your salary comes by Andy Copper 3. The Musical Legacy of Manchester by Isla Campbell 4. Loans for people with bad credit: Obtain swift approval without revealing your credit status by William Ender5. An Insight into Albuquerque Homes for Sale by Real Estate Agent1. No credit check loans: viable way to compact your worries by David SmithA monetary crisis can take place at any point of time.

Midway through second quarter earnings season, many companies have surprised to the upside and their managements have changed their view of the future. On Wall Street we call it “guidance” and most of it sees a bottom or early signs of recovery in their businesses. That coincides with our view. I believe we are experiencing the beginning of an economic recovery as you read this. That’s not to say that you personally will feel it anytime soon.

Bakersfield, California, is located in Kern County, situated just a little over an hour north west of Los Angeles. With a population of 247,057, it has become a popular place for visitors, en route to and from Las Vegas and Los Angeles, who stop for outdoor adventures such as whitewater rafting on the Kern River or hot air ballooning over the San Joaquin Valley. Residential real estate here offers many types and styles of homes. Bakersfield also offers community events, outdoor activities and family friendly atmosphere.

Nobody wants to over pay, including me.  The purpose of negotiating is to arrive at agreeable terms.  Yea! Occasionally, prospective buyers will insist on making a super low-ball offer.  The general justification is the perception that market conditions in The Woodlands TX are like what is reported for headline locations like Phoenix, Miami or Detroit. Real Estate is local in nature.  Here’s a bunch of data that accurately reflects what’s happening in our market place.

The Novato single family home market seems to be forming a bottom. Prices appear to be leveling out and the percentages of entry level homes in escrow are very high. I know that many foreclosure sales and short sales are getting multiple offers. I have several clients who have faced as many 9 to 20 offers in competition for a single family home. This activity bodes well for sales in the higher price bands. Moreover, in June 2009, Novato had 38 sales (up from 32 in June 2008).

The Delhi Walla ’s pretension in writing makes me want to lodge a bullet in his balls – Blogger Nimpipi, the woodchuck chucks Contact mayankaustensoofi@gmail.com for ad enquiries. City Personals – Matchmaking in Delhi They all are well-known people; by Mayank Austen Soofi Travel Notepad – Udaipur, “The World’s Best City for Travellers” Weekend getaway in Rajasthan; by Mayank Austen Soofi City Landmark – Khan Market Metro Stop The Metro would change Delhi’s face after a few

  This map shows us the % of increase of decrease of the average sold prices of the 2nd quarter 2008 vs. 2nd quarter 2009. The map also shows us the average for sale and sold prices as of June 30th. ’09. This map shows us the ACS%’s of each of the areas. The ACS % is a % of total inventory for sale that is in escrow with a Just Accepted Offer. This gives us an indication how high the demand is and how healthy the inventory is, ie, too high or low.

Horizon brightens for property groups By KALPANA RASHIWALA THE outlook is more sanguine, as listed property developers get ready to announce their financial results for the six months ended June 30. The strong pick-up in private home sales in the past five months – and a nascent recovery in prices – is providing cheer, contrasting with the gloom that lasted until the early part of 2009 after the financial meltdown.

‘Committing Economic Suicide’ If you read nothing else on this blog, read the following KEY IMF REPORT FINDINGS bullet points for the truth into this recession.  It blows the lid on Brown and Darling’s falsehoods. The IMF has just published its latest report into the health of the UK economy.  It tells a lot more than what Chancellor Darling & PM Brown would want to.  For those that are happy to read the whole massive report, take a look here.  http://tiny.cc/O5fsu In a nutshell, I

RE/MAX is the latest National Real Estate company to see an end to Canada’s downturn in Real Estate markets across Canada. Royal Lepage and the Canadian Real Estate Association are also reporting an increase right across the country. Following Article From Canwest: OTTAWA — Another real estate organization is declaring an end to Canada’s housing market downturn.

Cousins Properties Inc. ( CUZ ), a leading real estate investment trust (REIT), has drastically reduced its third quarter dividend in order to conserve cash in the current credit-constrained market. The company has declared a third quarter dividend of $0.15 per share, down from $0.25 in the previous quarter. The reduction in the quarterly dividend payout was based on the current estimate of taxable income. In order to maintain the REIT standard, companies are required to pay annually at least 90% of the taxable income as shareholder dividends.

Today, Nest Realty Group released our first mid-year market report . Personally, I am excited about this because it represents one of the reasons we originally partnered – to produce more thorough and comprehensive real estate market reports and analysis for the Charlottesville, Virginia region. This report is but a start, as we are already planning supplements to the report. Please, read the whole thing . Download it as a PDF with full charts and graphs here . From the “Positive Signs” section (bolding mine): 2.

Antelope Valley, California Real Estate We here at the Gockel Group, continuously monitor local real estate statistics to keep our clients informed and ahead of the real estate trends. Below you will find Antelope Valley, California real estate statistics for the last seven days. Total inventory today is: 838    Of these, the number that are short pays is: 362 Number of homes entering the market in the last 7 days: 136    Of these, the number that are short pays is: 25 Number of homes

As a kid, I often got to stay up late on Thursday nights and watch Hill Street Blues, a great cop show based in Chicago. For the first few seasons, every episode started with the cops all gathered for their morning meeting, listening to their supervisor, Sergeant Esterhaus, tell them about what to expect out there – the latest crimes, what criminals to look for, and what else they needed to be on guard for that day.