Posts about Real Estate Market Reports as of September 21, 2009

Hungary’s economic correction still fails to convince. Indeed I am not the only one who remains unconvined by the viability of what is currently taking place it seems, since according to the opposition supporting local daily newspaper Magyar Hírlap, none other than the Hungarian Prime Minister himself may be having doubts, as he is reportedly thinking of leaving the helm of the struggling ship placed under his charge before the next general election, which is scheduled to take place sometime early next year.

Alright, the August 2009 Real Estate Market Report from John Burns Consulting is ready for ya… The country’s recession has made the real estate market very volatile and difficult but it has practically burned out the construction business. * Lending has become tougher so there are fewer spec houses built. * The demand for new homes has really declined with people just trying to cover their month-to-month expenses. * The vast inventory of homes in foreclosure offer better low cost investment opportunities than buying new construction.

In a recent New York Times article , fall expectations for the Manhattan real estate market were optimistic as listings show normal levels compared to last year, indicating confidence. Stability is now appearing in the Manhattan market, which was reported in our Manhattan Condo Market article a month ago, as well as the NYC Square Footage Report . In our Manhattan Condo article , we projected a 4th Quarter of stability after increases in sales activity and property values for the July, August and September months.

Steve Thomas at Altera Real Estate in Aliso Viejo reports that the number of O.C. distressed properties (homes listed by agents as foreclosures or short sales) was 2,384 last week, -132 vs. two weeks earlier or a -5.2% change. “The average sale to list price ratio for foreclosures over the past three months is 103%,” Thomas said. “That means that, on average, foreclosures are selling for 3% above the list price. The sale to list price ratio for short sales and equity sellers is 98%.

A California couple was so dependent on the housing market that, facing economic ruin after they lost virtually all of their property wealth when the economy tanked, they allegedly burned down their own home for insurance money. Police in Tracy, California arrested 31-year-old William “Billy” Tipton Jr. and issued an arrest warrant for his wife, 37-year-old Frayba Tipton. They are suspected of arson, forgery and insurance fraud.

Dr Stock Pick HOT News & Alerts ! _______________________________________ FREE Daily Stock Alerts From DrStockPick.com _______________________________________ Monday September 21, 2009 DrStockPick.com Stock Report! ************************************************************** CB Richard Ellis Group, Inc. (NYSE:CBG) today announced it has entered into an agreement to provide real estate outsourcing services for West Penn Allegheny Health System (WPAHS), one of the premier healthcare organizations in Western Pennsylvania.

Nine out of ten sales distress or forced sales?Dennis NormanBy: Dennis NormanDoing what all normal people do at 4:30 am on a Monday, I was scouring the Internet reading real estate news when I ran across an interesting article by Richard Stoyeck titled “Is Real Estate Coming Back Now?”I’ll cut through the chase and give you Stoyeck’s answer to the question posed in the title of his story; “It will be in our opinion several years before we can get back to a vibrant real estate market.” If you have

As a nation we are facing some very difficult conditions. We have made personal consumption, the financial industry, health care and housing the  engines of our economy. The fuel for this economic activity has been excessive levels of borrowing at the personal, corporate, municipal and federal levels. Our debt levels are staggering. Making all this borrowing possible has been the very low interest rates set by the Federal Reserve. I’m not singing a new song here… this is common knowledge.

Some expats are cashing in on Beijing’s property boom and believe there are bargains to be had despite price rises. Statistics from the Beijing Real Estate Transaction website showed that sales for future delivery apartments in August stood at 12,117 units, down 5.6 percent from the previous month. But the figure is still 204.5 percent higher than the same period last year. The average property price in Beijing stood at 14,825 yuan ($2,200) per sq m, up 42 percent from January.

September 21, 2009 Foreign Buyers Avoiding U.S. HomesDespite record U.S. home price affordability, international buyers have been unable to take advantage because of the worldwide recession and credit crunch.According to a report from the National Association of Realtors (NAR), home sales to foreign clients dropped 9.4% in the year ended in May to 154,000. Among international clients who did purchase, almost half paid cash for their property because securing a mortgage was more difficult than before.It’s at least three times more difficult for foreign buyers to get financing than it is for U.S.

W e have been monitoring the daily home sales in the Tallahassee MLS for many years now, watching first in shock as the numbers climbed to unprecedented levels, and then in horror as they fell well below anything we had every seen in over 20 years of tracking the Tallahassee housing market . Daily Home Buyer Activity Seems To Have Stopped Falling By tracking daily closed home sales, we can identify the unit home sales trends nearly to the day of a cycle change.

Comment & analysis round-up Quote of the day : “It’s been unusual for us to accept that they [City] are top dogs in terms of media attention but, you know, sometimes you have a noisy neighbour and you have to live with it. You can’t do anything about them if they keep on making noise but what you can do, as we showed today, is get on with your life, put your television on and turn it up a bit louder.

The Pasty Little Putz, in “The Self-Correcting Presidency,” says George W. Bush made two disaster-averting interventions for which presidents usually get canonized — but in his case, the disasters he averted were created on his watch.  Mr. Cohen, who is in Lisbon, sends in “Of Polish Angst and NATO.”  He says President Obama’s move on missiles highlights fissures in NATO as it tries to redefine its role for the 21st century.  Prof.

The economy has been very shakey in the past couple of years and real estate owners have felt this hit more than others. The South African property market has felt the tough times from home prices falling and many homeowners are afraid they’re going to lose their home by repossession . Banks are always willing to work with the real estate owners to try to get them back on track with their monthly bond payments.

The number of home owners in Australia has fallen dramatically over a decade with the country’s real estate market now in a very dangerous and unstable situation, according to a new report…

Country Report United Arab Emirates Features of this product Political and economic analysis and forecasts for nearly 200 countries Standardised format takes you straight to the information you want Political scene, economic policy, economy, and foreign trade and payments Product description Country Reports analyse political and economic trends in nearly 200 countries. They show you exactly how national, regional and global events will affect your business in the short to medium term.

Country Report United Arab Emirates Features of this product Political and economic analysis and forecasts for nearly 200 countries Standardised format takes you straight to the information you want Political scene, economic policy, economy, and foreign trade and payments Product description Country Reports analyse political and economic trends in nearly 200 countries. They show you exactly how national, regional and global events will affect your business in the short to medium term.

I feel like Moody’s, in their report on the housing recovery , is overreaching. They suggest that housing won’t recover for a decade . Moody’s Investors Service threw cold water on optimistic projections of a V-shaped recovery in the battered U.S. housing market, predicting it could take more than 10 years to get back to boom-level prices. They define “Recovery” as getting back the 40% peak to trough decline of the past several years.

Buying Properties in Bulgaria By: Richard Hewitt Before diving deep into real estate fiasco discussion let us first highlight some important basic information’s regarding Bulgaria. As you would know Bulgaria is located in southeastern Europe. Bulgaria is situated in the east-central portion of the Balkan Peninsula, bordering the Black Sea. Covering an area of 42,823 square miles and is almost rectangular in shape. Its position makes it a natural crossroad between Europe and Asia.

Last August, Gurgaon real-estate broker S Karan was planning to move out of his tiny basement office in a small building to a fancy new one in one of the tall steel-and-glass buildings that have become the signature of this booming Delhi suburb. Then, Lehman Brothers, one of the Big Four investment banks in the US, collapsed on September 15, sparking off a global recession, an Indian economic slowdown, and a slump in the once booming real-estate sector .

PAID ADVERTISEMENT By Linda Eisenman Keller Williams Is the trend of downward home prices in North Natomas beginning to reverse? It is too soon to tell, but there is a small positive sign. Beginning in 2007, bank-owned homes began to flood the local real estate market. And each home that a bank placed on the market was priced 10% below the previous sales. By the end of 2007, home prices plummeted, and 2008 continued the trend.

Brought to you by Free Quick Home Insurance Quote Online . Before buying a house, a Propertybuyer should first make sure the property is of good condition. That is why there is an utmost need to hire the services of a good, qualified, and credible Home Investigator. If you are a first-time buyer, how could you find such a Property Assessor? Home sellers or agents usually recommend several Inspectors that buyers could hire.

U.S. stocks could extend their rally and the Dow industrials .DJI may climb above 10,000 this week, should the Fed’s policy-makers and economic data support the view the economy is recovering from recession. The Federal Open Market Committee will meet on Tuesday and Wednesday, with investors anxiously awaiting the policy-makers’ assessment of whether the economy is improving. The week’s key economic data will include U.S.

The Marchant Team knows the importance of a “plan” when it comes to selling homes in this Buyer’s Market.  Buyers today have lots or options and they negotiate hard for the deal.  As a Seller you are competing with all kinds of distressed properties and while they are not “right” for everyone, they certainly have had an impact on you as a Seller.  Whether your home is in Noblesville, Fishers, Carmel, Westfield or anywhere else in the metropolitan Indianapolis area, having a well thought-out strategy and action plan will help you get the most money in the shortest amount of time.

German property lender Hypo Real Estate (HRE) (HRXG.DE), whose financial troubles forced Germany to nationalize it, has billions of euros in unrealized losses that may swell its need for fresh capital, a newspaper reported. The Tagesspiegel am Sonntag weekly, citing a confidential Bundesbank study, said HRE had 16.3 billion euros ($23.8 billion) in unrealized losses on loans and securities on its books. If these flow through to its profit and loss statement, HRE would need a total of 26 billion euros in fresh capital to ensure it was properly capitalized, the paper said.

One woman Michelle Obama will not mention Obama On ACORN Scandal: “Not Something I’ve Followed Closely” OBAMA OPEN TO NEWSPAPER BAILOUT BILL Car showrooms quiet after clunkers clamor ends OBAMA PUSH FOR ‘WORLD’ REGULATIONS Boehner: Obama’s Health Plan is Dead Stephanopoulos, Obama Spar on Definition of ‘Tax’ Boehner: ‘Tea Party’ Protests a Legitimate ‘Political Rebellion’ SurvivalBlog : FDIC Considers Borrowing From Treasury to Shore Up Deposit Insurance The U.S.

President Obama’s Pledge Never to Raise Taxes on Anyone Making Less Than $250,000 a Year Obama Goes Toe-To-Toe With Stephanopoulos On “Tax Increases”   cnn – lou dobbs – insurance mandates   President Obama lies again big time. President Obama conspired with the large insurance and drug companies to force or coerce individuals and businesses that do not presently have health care insurance to purchase it, so-called mandatory individual health insurance coverage.

1.  What is it? Pre-authorized tax payment plans are a hassle free way to pay for your property taxes without having too much to worry about. Depending on the city, your property taxes would be withdrawn from a valid Canadian bank account that you specify at a designated time period in small installments (as opposed to paying one large lump sum annually). The advantage to the pre-authorized tax payment plan is that there is little hassle associated with remembering to pay property taxes, as well as the fact that the smaller payments make it a lot easier to pay, especially with other bills and expenses.

Posted by Rick Van NewsteedBefore you sign that home purchase contract, take the time to think about whether you know what you’re getting. Every home buyer needs to make certain that they have a qualified building inspector check out their new house. This means hiring a private inspector, not just relying on the inspectors from your local government to protect you.There’s more than one kind of inspection report, and which one you’ll choose will depend on what you need out of your inspection.

Marking the one-year anniversary of the Lehman Brothers demise, risky assets last week again marched higher to the tune of economic data supporting the argument of a global economic recovery. A realization among investors that the economic transition from recession to recovery was gaining momentum, resulted in many global stock markets scaling fresh peaks for the year. Ben Bernanke, Federal Reserve chairman, on Tuesday said the US recession “is very likely over”.

Hungary’s economic correction still fails to convince. Indeed I am not the only one who remains unconvined by the viability of what is currently taking place it seems, since according to the opposition supporting local daily newspaper Magyar Hírlap, none other than the Hungarian Prime Minister himself may be having doubts, as he is reportedly thinking of leaving the helm of the struggling ship placed under his charge before the next general election, which is scheduled to take place sometime early next year.

Hungary’s economic correction still fails to convince. Indeed I am not the only one who remains unconvined by the viability of what is currently taking place it seems, since according to the opposition supporting local daily newspaper Magyar Hírlap, none other than the Hungarian Prime Minister himself may be having doubts, as he is reportedly thinking of leaving the helm of the struggling ship placed under his charge before the next general election, which is scheduled to take place sometime early next year.

If you plan to buy a home near Randolph AFB, keep these facts in mind: Within relatively easy commute distance are some of the most popular and contemporary communities right beside much older & poorly maintained communities.  Home prices will naturally vary accordingly. Keep school district quality in mind, even if you don’t have school age children. School district quality is always an important factor for your home’s resale popularity.

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by Bob Chapman Global Research September 19, 2009 To borrow from an old joke about politicians, we ask our subscribers if they know how to tell when Helicopter Ben Bernanke, the current Fed Head, is lying. Answer: Whenever his lips are moving. Now we hear from the Dollar-Destroyer that our recession has technically ended (heaven forbid that we should call our current Fed-caused calamity a depression, which is what it has been since Obama took office).