Posts about Real Estate Market Reports as of July 30, 2009

Tim Iacono is the proprietor of Iacono Research , and is the mind behind The Mess That Greenspan Made .  Today, he looks at the question of whether the Housing market has bottomed or not  yet . . . ~~~ Now that a number of recent housing reports are generating some incredibly positive headlines and the global economy appears to be slowly digging its way out of an enormous hole that was created last fall when the world nearly came to an end, the burning question on the minds of millions of people is … Has the housing market hit bottom? There is no shortage of answers.

PennyOmega.com Stock Report! PennyOmega.com Hot Stock News & Alerts!   Thursday July 30, 2009 PennyOmega.com Stock Report! ************************************************************** Southern Company (NYSE: SO) was the center of some heavy options trading on Wednesday, as more than 96,500 contracts crossed the tape. This surge in volume is more than 41 times the stock’s average daily trading volume of 2,310 contracts, according to data from WhatsTrading.com.

The Austin Board of Realtors (ABOR) compiles monthly statistics for the Austin real estate market. Below is a chart from ABOR showing data for the month of June 2009 as well as the summary posted by the Board. July 20, 2009 – According to the June 2009 Multiple Listing Service report by the Austin Board of [...]

Stocks are up sharply amid better-than-expected earnings and new data on unemployment Major indexes are following counterparts overseas, which are rising because of upbeat profit reports. Japanese shares rose to nearly 10-month highs on better-than-expected earnings at automakers Nissan Motor Co. and Honda Motor Co. European markets were buoyed by better-than-expected results at British telecommunications company BT Group PLC and its French peer Alcatel-Lucent SA as well as the drugmaker AstraZeneca PLC.

July 30th, 2009 Celinda Lake: As we moved from general principles, support was bound to narrow. The major thing we need is for the president to define the plan and what the middle class and small businesses will get. Also he needs to reassure seniors that their medicare benefits will not be cut. The current town halls especially with aarp are a good start Lurita Doan: Americans are mostly wise and prudent, and as they learn the details hidden in the ObamaCare bill, support drops accordingly.

Break out the tissues, folks… Treasury Secretary Tim Geithner can’t sell his house.Frustrated at not being able to sell his $1.6 million New York mansion after three-and-a-half months on the market, Geithner has yanked down the “For Sale” sign. And that’s after he and his wife lowered the price to below what they paid for it in 2004. Having taken out a $1.25 million mortgage at the time, they’re now apparently renting the home at a loss.Doesn’t Tim read the papers? He didn’t seriously expect to sell Fort Geithner in such a short time in a market like this, did he? It’s tough out there, mate.

After a year and a half of planning by the City Planning Commission, the rezoning of a 10 block area of Dumbo (primarily East of the Manhattan Bridge) roughly bound by Bridge St, John St, Front St, and Adams Streets was passed by the City Council yesterday evening. The approved rezoning boundaries allow buildings to be built up to 12 stories tall along Jay Street, with street level fronts rising to 6-8 stories. Buildings along Bridge Street could rise to 8 stories, with 4-6 stories at street level.

This quarterly market report is provided by Dr. Kevin Gillen, an economist at the Real Estate Department of the Wharton School and Fellow of the University of Pennsylvania. He analyzes the Philadelphia real estate market using the city’s real estate database through Econsult , an economics consulting firm based in Philadelphia PA that provides statistical & econometric analysis in support of litigation as well as business and public policy decision-makers.

by Benjamin Janke Ben P Janke The Boise real estate market seems to always be on the move. Daily, one ID house might sell or a different one might cancel, changing the numbers for the coming twenty-four hours. It is therefore critical for ID home buyers and those wanting to sell to know just what has varied in the market since the last time they looked. Almost all individuals don’t survey the many particulars in the marketplace until it is time to either buy a house, sell a house, or both.

PennyOmega.com Stock Report! PennyOmega.com Hot Stock News & Alerts!   Thursday July 30, 2009 PennyOmega.com Stock Report! ************************************************************** Senomyx, Inc. (Nasdaq: SNMX) will release its second quarter 2009 financial results on Tuesday, August 4, 2009 before the opening of the U.S. financial markets. The Company will also host a conference call with a live Internet broadcast that will provide a corporate update and a review of its second quarter results on the same day at 11:00 a.m.

by Ben Janke The Boise real estate market seems to constantly be on the move. Everyday, one Idaho listing might sell or a different one might go pending, changing the statistics for the coming twenty-four hours. It is therefore key for ID property purchasers and home sellers to know just what has transformed in the market since the last time they searched. Most individuals don’t follow the numerous particulars in the marketplace until it is time to either buy a house, sell a home, or both.

Its selling season once again. Inventory temporarily down and the number of buyers, at least in the bay area visibly increasing. Many buyers are looking into distressed homes, bargain hunters have buying up homes at an unprecedented rate. Actual sales have risen 91% year over a year. The Wall, Street Journal reports: As a weak housing market nudges the foreclosure rate higher, next year is looking promising for investors in distressed real estate. Lenders are stuck with foreclosed property and slashing prices or selling through auctions.

filed in Business on Jul.30, 2009(07-28) 14:03 PDT New York (AP) –Americans are looking past the stock market surge and signs of a stabilizing economy and focusing on something more personal — job worries.Get QuoteSymbol LookupMore BusinessStocks fall on economy worries 07.29.09ConocoPhillips profit tumbles 76 percent 07.29.09Microsoft, Yahoo agree on long-sought search deal 07.29.09New clients and higher prices lift Medco 2Q profit 07.29.09Consumer confidence fell this month, the Conference Board

Credit CARD Act  In the last few days the final interpretations of the Credit CARD Act have been hitting the desks of many of our clients. This was signed into law last month and to everyone’s surprise had some very aggressive dates for compliance. The most immediate deadline is August 20th. According to the law financial institutions must mail credit card statements at least 21 days prior to the payment due date. The number of stipulations doesn’t allow us to completely cover them in this newsletter.

Its selling season once again. Inventory temporarily down and the number of buyers, at least in the bay area visibly increasing. Many buyers are looking into distressed homes, bargain hunters have buying up homes at an unprecedented rate. Actual sales have risen 91% year over a year. The Wall, Street Journal reports: As a weak housing market nudges the foreclosure rate higher, next year is looking promising for investors in distressed real estate. Lenders are stuck with foreclosed property and slashing prices or selling through auctions.

by Ahmad HassamRather than looking at the commercial participants, you should focus on the non-commercial participants when you look at the COT report. You would want to know the reason for ignoring the commercial category in the COT report. Commercial participants are mostly trading currency futures for hedging their future business transactions against exchange rate fluctuations. Commercial participants are mostly large transnational companies.

Can U.S. bank stocks continue their winning streak?In February, I analyzed the top 12 U.S. banks to determine whether they really needed $1.5 trillion in taxpayer-provided bailout capital. I concluded that only a few of those banks seemed to be in any danger of collapse, and actually recommended several.Policymakers and the market later came to agree with me: The Standard & Poor’s 500 Financial Index has more than doubled from its March low and several bank stocks have posted triple-digit returns.An April review of the first-quarter financial results of the top 13 U.S.

In this installment of the Keller Williams report: The Numbers That Drive Real Estate, we look at Mortgage Rates … Mortgage rates are settling back down after spiking in recent weeks following rising yields on long-term government debt, which are closely tied to mortgages rates, amid concerns over the government’s deficit spending and inflationary pressure. Average rates for 30-year mortgages fell for the second straight week to the lowest level in six weeks on weak employment figures and declining home values in many markets.

Its selling season once again. Inventory temporarily down and the number of buyers, at least in the bay area visibly increasing. Many buyers are looking into distressed homes, bargain hunters have buying up homes at an unprecedented rate. Actual sales have risen 91% year over a year. The Wall, Street Journal reports: As a weak housing market nudges the foreclosure rate higher, next year is looking promising for investors in distressed real estate. Lenders are stuck with foreclosed property and slashing prices or selling through auctions.

The Great Britain pound recovered from the two days of losses against the U.S. dollar and continued to gain against the euro today after the U.K. house prices data was released. The Nationwide Building Society reported a third month of gain in the real estate prices in United Kingdom. The average cost of a home went up by 1.3 percent in June , while the average forecast for the growth in June was near 0.2 percent. This news helped the pound to reach the highest level against the single European currency since July 2.

The stories that have caught my eye in commercial property this week are, in no particular order: Remuneration debate Property Week ran a story about  RICS Chief Executive Louis Armstrong’s £406,000 salary.  Did readers think that it was about the going rate or too much, “particularly in a recession”.  Readers (and you) can vote by clicking the link and going to the original article.

Its selling season once again. Inventory temporarily down and the number of buyers, at least in the bay area visibly increasing. Many buyers are looking into distressed homes, bargain hunters have buying up homes at an unprecedented rate. Actual sales have risen 91% year over a year. The Wall, Street Journal reports: As a weak housing market nudges the foreclosure rate higher, next year is looking promising for investors in distressed real estate. Lenders are stuck with foreclosed property and slashing prices or selling through auctions.

T oday is a short post, inspired by a recent reader question, that allows us to pursue a “statistic” that many “real estate professionals” quote, but few truly understand. Today’s topic is about the relationship between the asking price and the selling price (sales price to list price ratio) of homes that have recently sold. While we will be utilizing information found in the Tallahassee Board Of REALTORS® Multiple Listing Service ( Tallahassee MLS ), I suspect my findings would be valid with information from any other MLS in the country.

The Great Britain pound recovered from the two days of losses against the U.S. dollar and continued to gain against the euro today after the U.K. house prices data was released.The Nationwide Building Society reported a third month of gain in the real estate prices in United Kingdom. The average cost of a home went up by 1.3 percent in June, while the average forecast for the growth in June was near 0.2 percent.

IPhone apps aren’t just about time-killing video games, restaurant tips and hobbyist lore. Increasingly, they’re also for taking care of business. A growing number of tools – both paid and free– in Apple’s App Store are useful to small companies whose owners or employees are pounding the pavement, hoping to ink deals or take care of customers. “It is not all about fun and games,” says Shiv Bakhshi, principal analyst at Mobile Perspectives, a Seattle research firm.

July 29, 2009 1:29 PM FROM STAFF REPORTS A new economic forecast paints a “gloomy” picture for the Inland Empire’s housing market and employment rates, with improvement not expected until at least 2011. “The Inland Empire will experience a longer and deeper recession than the rest of Southern California,” a July report from the Los Angeles County Economic Development Corporation’s Kyser Center for Economic Research states.

Real estate investment has emerged as one of the best way to generate revenue and can be used as collateral to secure a loan for a business venture. The investment in real estate whether international or domestic involve risks, even if the venture is successful, when the future flows of income will accrue to the investor and could help alternative investment opportunities.According to Ross Moore, vice president of Colliers International USA, “foreign real estate investment offers diversification that is a superior investment style”.

By Martin Hutchinson Contributing Editor Money Morning Can U.S. bank stocks continue their winning streak? In February, I analyzed the top 12 U.S. banks to determine whether they really needed $1.5 trillion in taxpayer-provided bailout capital. I concluded that only a few of those banks seemed to be in any danger of collapse, and actually recommended several. Policymakers and the market later came to agree with me: The  Standard & Poor’s 500 Financial Index has more than doubled from its March low and several bank stocks have posted triple-digit returns.

RISMEDIA, July 30, 2009-RealtyTrac, one of the leading online marketplaces for foreclosure properties, released its Midyear 2009  Metropolitan Foreclosure Market Report, which shows that cities in California, Florida, Nevada and Arizona continued to document the nation’s highest foreclosure rates in the first half of 2009, with those states accounting for 35 of the 50 highest foreclosure rates among metro areas with a population of 200,000 or more.

Its selling season once again. Inventory temporarily down and the number of buyers, at least in the bay area visibly increasing. Many buyers are looking into distressed homes, bargain hunters have buying up homes at an unprecedented rate. Actual sales have risen 91% year over a year. The Wall, Street Journal reports: As a weak housing market nudges the foreclosure rate higher, next year is looking promising for investors in distressed real estate. Lenders are stuck with foreclosed property and slashing prices or selling through auctions.

The Federal Reserve just released the Beige Book which provides anecdotal commentary on the economy nationally and across the regions of its member banks. Here’s real estate and mortgage excerpts from the overall report . The macro take away is the pace of economic decline has “begun to stabilize” or “moderated.” Residential real estate markets stayed soft in most Districts, although many noted some signs of improvement.

My Aunt Tova has a coin purse that belonged to my beloved Grandmother.  Every one of my nieces and nephews remembers that coin purse fondly.  When we were little it was the coin purse that came out to buy us an Italian ice when Mr. Grasso steered his cart down our street.  Later, when we were older it was the coin purse that came out as we were leaving to go back to college.  A twenty dollar bill that would pay for late night pizza would wiggle its way out of that beautiful beaded coin purse. 

Its selling season once again. Inventory temporarily down and the number of buyers, at least in the bay area visibly increasing. Many buyers are looking into distressed homes, bargain hunters have buying up homes at an unprecedented rate. Actual sales have risen 91% year over a year. The Wall, Street Journal reports: As a weak housing market nudges the foreclosure rate higher, next year is looking promising for investors in distressed real estate. Lenders are stuck with foreclosed property and slashing prices or selling through auctions.

July 30 (Bloomberg) — Bill Gross, who runs the world’s biggest bond fund at Pacific Investment Management Co., said investors should favor debt and stocks of “strong” companies, and assets in emerging markets with improving economic growth. Investors in riskier assets will get “haircuts” because U.S. economic growth will be closer to 3 percent than the range of 5 percent to 7 percent for the past 15 years, Gross said. The U.S. economy will begin to recover in the second half of 2009, he wrote in his August investment outlook on Pimco’s Web site.

In our next installment of the Keller Williams report: The Numbers That Drive Real Estate, we look at Inventory… Housing inventory at the end of May fell 3.5% to 3.8 million, representing a 9.6-month supply at the current pace of sale, down from a 10.1-month supply in April. While sales have steadily increased over the past four months and pending home sales indicated even stronger activity, some poor appraisals are stalling transactions as faulty valuations inhibit buyers from securing financing.

Its selling season once again. Inventory temporarily down and the number of buyers, at least in the bay area visibly increasing. Many buyers are looking into distressed homes, bargain hunters have buying up homes at an unprecedented rate. Actual sales have risen 91% year over a year. The Wall, Street Journal reports: As a weak housing market nudges the foreclosure rate higher, next year is looking promising for investors in distressed real estate. Lenders are stuck with foreclosed property and slashing prices or selling through auctions.

Making sound investments in real estate needs a little of your time to do some important research and tons of determination to get the best deals possible. Thus, in qualifying for the best mortgage rates, there are more than enough ways and ideas to help you find the perfect match for your personal needs and preferences. Home purchase is considered one of the biggest and most significant financial investments you could ever make, hence what is more necessary than to make sure you are in the right track as you do your venture and materialize your plans.

by John Browne – Senior Market Strategist, Euro Pacific Capital In recent weeks, the financial world has been dazzled by strikingly high earnings reported by our leading investment banks… or at least what we used to call investment banks. The numbers are reminiscent of another era – the one that came to a crashing end last September. Today’s euphoria was keyed to the record $3.44 billion 2nd quarter profit announced by that branch office of the Treasury Department also known as Goldman Sachs.

Its selling season once again. Inventory temporarily down and the number of buyers, at least in the bay area visibly increasing. Many buyers are looking into distressed homes, bargain hunters have buying up homes at an unprecedented rate. Actual sales have risen 91% year over a year. The Wall, Street Journal reports: As a weak housing market nudges the foreclosure rate higher, next year is looking promising for investors in distressed real estate. Lenders are stuck with foreclosed property and slashing prices or selling through auctions.

Making sound investments in real estate needs a little of your time to do some important research and tons of determination to get the best deals possible. Thus, in qualifying for the best mortgage rates, there are more than enough ways and ideas to help you find the perfect match for your personal needs and preferences. Home purchase is considered one of the biggest and most significant financial investments you could ever make, hence what is more necessary than to make sure you are in the right track as you do your venture and materialize your plans.

By Frank Patrick The business opportunity is incredible right now for those choosing to specialize in REO sales and field services. Anyone who’s had their career derailed by the economic downturn should definitely consider the REO industry. Copyright (c) 2009 Frank Patrick Experts Predict Elevated Levels of Foreclosures for Next Three Years Just when everyone thought the level of mortgage defaults couldn’t get any worse, it did in the second quarter of 2009.

Here’s my Top 10 links from around the Internet at around 10 am. I welcome any additions in the comments below. Please send any suggestions for tomorrow’s Top 10 at 10 to bernard.hickey@interest.co.nz I do not store wine glasses in my forehead…. 1.  Alan Wood has a background piece in The Press (Stuff) on the Elephant in the Room at South Canterbury Finance: How does it manage a succession of management at least (and possibly ownership) for 82 year old finance leviathan and owner Allan Hubbard.

Its selling season once again. Inventory temporarily down and the number of buyers, at least in the bay area visibly increasing. Many buyers are looking into distressed homes, bargain hunters have buying up homes at an unprecedented rate. Actual sales have risen 91% year over a year. The Wall, Street Journal reports: As a weak housing market nudges the foreclosure rate higher, next year is looking promising for investors in distressed real estate. Lenders are stuck with foreclosed property and slashing prices or selling through auctions.

I’m reading with some glee all the national coverage of the end of the housing bust. “Home Prices Rise Across the U.S.” says the front page of the Wall Street Journal . “3-Year Descent in Home Prices Appears At End,” says the same spot on the New York Times . CNBC devoted an hour to the subject last night. Newsweek has called the recession over on its cover this week. The numbers are cheery. New housing starts were up 3.6% in June. Existing home sales were up 3.6%. New home sales jumped 11%.

Its selling season once again. Inventory temporarily down and the number of buyers, at least in the bay area visibly increasing. Many buyers are looking into distressed homes, bargain hunters have buying up homes at an unprecedented rate. Actual sales have risen 91% year over a year. The Wall, Street Journal reports: As a weak housing market nudges the foreclosure rate higher, next year is looking promising for investors in distressed real estate. Lenders are stuck with foreclosed property and slashing prices or selling through auctions.

I’m reading with some glee all the national coverage of the end of the housing bust. “Home Prices Rise Across the U.S.” says the front page of the Wall Street Journal . “3-Year Descent in Home Prices Appears At End,” says the same spot on the New York Times . CNBC devoted an hour to the subject last night. Newsweek has called the recession over on its cover this week. The numbers are cheery. New housing starts were up 3.6% in June. Existing home sales were up 3.6%. New home sales jumped 11%.

Yahoo! News: Earnings News >>  Earnings News Source: | Yahoo! News | HARTFORD, Conn. – Hartford Financial Services Group Inc . said Wednesday that it lost $15 million in the second quarter, weighed down by losses on investments and a decline in premiums. For the period ended June 30, the Hartford, Conn.-based insurance and financial services firm posted a loss of 6 cents per share. That compares with a profit of $543 million, or $1.73 per share, a year earlier.

The real estate industry analyses and uses active and passive strategies for investment in the highly fluctuating industry. The real estate investment opportunities are governed by the pre determined decisions and responsibilities of the various components. These opportunities come in the form of buying and selling land and built up property or leasing the same for a profit. The real estate investment opportunities are determined by choice of what a buyer or seller looks upon as the best.

  Keller Williams Realty Real Estate Market Update:   New Numbers on the Real Estate Front! Although experts predict it will take time for the economy to fully recover, there has been a lot of encouraging news recently. Last week, The National Association of REALTORS® reported that existing home sales – which include single-family, townhomes, condominiums and co-ops – increased 3.6 percent to a seasonally adjusted annual rate of 4.89 million units in June.  This is third consecutive month that NAR has reported an increase in existing home sales.

Depending upon your current status — that is, owning income property in regions like San Diego — the latest bit of reportage from our friends at Case Shiller indicate the latest trend. Let’s first look at a snapshot of what’s happened in both the Dallas, Texas and San Diego real estate markets for the year ending this past May. I’m not an unbridled fan of Case Shiller, but I do respect their work. My only objection to their analytical conclusions is how much weight is given to distress sales in any given market.