Posts about Real Estate Market Reports as of September 22, 2009

For Santa Barbara Real’s Carpinteria Real Estate/Summerland Real Estate for the Home Estate/PUD market the median sales price through September 15 is down 21% from last year to $687,500 but the numbers of sales has jumped 21% to 47. The difference between the median list prices for ’09 of about $1.5 million compared to the $687,500 median sales price is a whopping 54% compared to last year when there was a $1.3 million median list price with an $870,000 median sales price for a 33% gap.For the

How do you choose a list price? In Real Estate, CMA means Comparative Market Analysis. Another acronym is BPO or, Broker Price Opinion. Both are reports prepared by your Realtor to help you, the consumer, identify your home’s market value. This report is more art than science. The proof is that if you get three Realtors to do a CMA on the same house, you can get three completely different opinions. The funny thing is, we all have access to the same data.

For statistical reports on property data from public records, valuation and property sales click here. F.D.I.C. May Borrow from Banks A Mortgage Program to Benefit Homeowners The Bulls and the Bears of Real Estate 25 People to Blame for the Financial Crisis The 3 Factors of Real Estate Market; Cyclical, Seasonal and Emotional Policy and Housing: Someone’s Gotta Give NYC Square Footage Report

By Scott Lanman Sept. 22 (Bloomberg) — Federal Reserve Chairman Ben S. Bernanke’s efforts to stoke a U.S.

Taubman Writing Down The Pier and Regency Square to Fair Value – The Two Assets Represent Less than 2 Percent of NOI – Discussions Beginning with The Pier Lender BLOOMFIELD HILLS, Mich., Sept. 22 /PRNewswire-FirstCall/ — Taubman Centers, Inc. (NYSE:TCO) today announced the write down of the book values of The Pier Shops at Caesars (Atlantic City, N.J.) and Regency Square (Richmond, Va.) to fair value in the third quarter of 2009.

By Adam Haigh and Rita Nazareth Sept. 22 (Bloomberg) — U.S. stock futures rose, indicating the market may resume a six-month rally, amid signs the global economy is improving and analyst upgrades of companies from U.S. Steel Corp. to Hewlett-Packard Co. U.S. Steel Corp., the largest U.S.-based steelmaker, gained 2.5 percent after Bank of America Corp. raised its rating on the shares and said the company may return to profit next year.

For centuries, the prevailing wisdom regarding your home mortgage has been to ?pay it off as soon as possible.? With 9 out of 10 Americans retiring broke in the richest country on Earth, it may be time to rethink that strategy. Here are 3 Reasons you should consider mortgaging your house to the hilt if you want to have a comfortable retirement.Reason #1- Safety. Home equity isn?t always safe. Hurricane Katrina taught us this lesson very vividly with thousands of homeowners being paid less than their homes were worth by their insurance companies.

There is no reason to doubt the fact that Porsche has been one of the most prominent staples in the automotive world. It was almost an instant classic when the Porsche 356 and 911 were first introduced. From the 911 to the VW Beatle, Ferdinand “Ferry” Anton Ernst Porsche would set out to launch one of the most successful car design firms ever. Ferdinand “Ferry” Anton Ernst Porsche, an Austrian entrepreneur, was born on September 19, 1909.

Looks like another government arm will soon be knocking on the Treasury’s door: “We are currently considering all options, including borrowing from the Treasury,” said FDIC chairwoman Sheila Bair. As we’ve forecast many times, the steady collapse of banks around the U.S. has put an irreparable dent in the FDIC deposit insurance fund. Now likely less than $10 billion strong and with more bank failures sure to come, the FDIC faces two choices: Raise their taxes on banks to bolster the fund or tap the Treasury.

Looks like another government arm will soon be knocking on the Treasury’s door: “We are currently considering all options, including borrowing from the Treasury,” said FDIC chairwoman Sheila Bair. As we’ve forecast many times, the steady collapse of banks around the U.S. has put an irreparable dent in the FDIC deposit insurance fund. Now likely less than $10 billion strong and with more bank failures sure to come, the FDIC faces two choices: Raise their taxes on banks to bolster the fund or tap the Treasury.

L ately, we have identified the fact that it appears that we’ve reached the bottom of the housing market and in fact, we are seeing signs of increased home buyer activity. Yesterday’s blog included real estate graphs that showed a rise in closed home sales as well as an increase in the new pending contracts., so I received a few comments and feedback from our regular readers. One such comment/question about real estate in Tallahassee, Florida came from “Buddy” who wrote: Joe….

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.Karan (34) then thought his dreams would remain still-born — till the first signs of a recovery in the first quarter of 2009-10.  “Usually, we seal 70 per cent of our deals around Diwali.

Despite the economic downturn, there has been a rapid growth of interest in condos within Arlington Virginia. The market is witnessing a quick buying cycle that would surely be a boom for both buyers and sellers of properties in the region. Arlington, Virginia (PRWEB) September 22, 2009 — Karen Parker, the leading real estate specialist serving Arlington Virginia and surrounding areas, today presented a market update regarding the highly sought after category of http://www.arlingtonluxurycondos.com/ [Arlington condos.

Powerlong Real Estate IPO price band revealed… If you wish to view the entire report, visit us at GEO Monitor or contact us This report is provided as part of IIR Group Ltd.’s GEO (Global Equity Offerings) Monitor service, which tracks global IPO activity. Our GEO Monitor is the only comprehensive research coverage of global IPO’s available to the market and provides you with the following key deliverables: Weekly IPO Calendar identifying all up-coming global IPO’s >USD50 mn

This bank owned home is located in a rustic hillside area of El Sereno.  It has 2 bedrooms and 1 bath.  City records indicate 680 square feet, on a lot that is 6,500 square feet.  It is currently listed at $112,500.It sold in 1994 for $103,000.It sold in April, 2004 for $205,000It was refinanced in August, 2005 with a loan of $280,000Notices of Default were filed January 23, 2008 and again on May 7, 2008.The Trustee Sale took place May 6, 2009.The property is now bank owned and listed for sale

There is no reason to doubt the fact that Porsche has been one of the most prominent staples in the automotive world. It was almost an instant classic when the Porsche 356 and 911 were first introduced. From the 911 to the VW Beatle, Ferdinand “Ferry” Anton Ernst Porsche would set out to launch one of the most successful car design firms ever. Ferdinand “Ferry” Anton Ernst Porsche, an Austrian entrepreneur, was born on September 19, 1909.

Photo Credit Down the Line RBC’s Senior economist Robert Hogue signals a red flag in his September economic entitled Housing Trends and Affordability, saying that the “restorative phase of the affordability cycle is likely running out of steam.” His reason – “the decline in mortgage rates and the drift down in prices — appear to have reached turning points.” He contends that “More likely the period ahead will be marked by a certain levelling off in affordability.” Whistle Blowers Hogue may be onto something.

Market Folly submits: There has been some interesting work coming out of Goldman Sachs ( GS ) as of late and we wanted to take a moment to highlight the latest piece we've stumbled across. If you missed it, make sure you check out Goldman's hedge fund trend monitor where it identifies portfolio holdings across the hedge fund universe as well. Turning now to another recent report, we examine Goldman's piece entitled 'State of the Markets.' Members of Goldman Sachs' sales/trading desk have compiled possible current long & short strategies they are seeing in the markets.

Today, Moody’s Investors Services posted its most recent Moody’s/REAL Commercial Property Price Index.  The results show continued price declines in US commercial real estate across the board.  According to the report, CRE values are now 30.8% below those of 1 year ago and 38.7% below peak levels of October 2007.  I found this article published today on Todd Phillips’ blog Commercial Real Estate Investment in which Todd makes several great points about the state of CRE values.  Here are some key excerpts from his post (emphasis mine): A major topic of discussion at the conference was the fact that there is no market-clearing mechanism (e.g.

Here is this week’s news round-up for home business, micro business, sole-traders, freelancers, self-employed and any one who is interested in small business news from around the world. Small businesses want, fear health reform : Small-business owners are begging for changes to the health care system, but they believe they have the most to lose when and if reform materializes.

The buying and selling of real estate, land and built up property, is the core business of the real estate arena. The industry thrives on buying low and selling high. It has witnessed the entry of a number of investors from the middle class segment of society. The international real estate investment arena involves capitalizing on bargain purchases, high market values and proper usage of increase value strategies, etc. There are a number of online and offline resources that operate 24×7, to help you connect to industry components across countries and continents.

Commercial Real Estate Is Next Bubble to Burst: Tishman - CNBC Commercial real estate is the “second shoe” to drop in hurting the economy, Daniel Tishman, chairman and CEO of the Tishman Construction Corporation told CNBC. “We’re getting through the single housing real estate market OK but the numbers involved Minnesota foreclosures highest in the region - Minneapolis Star Tribune Even as home foreclosures dropped slightly in Minnesota from July to August, the state’s rate remains the highest in the Upper Midwest.

2 The Trap is Set   America is in a highly compromised position of servitude after decades of concessions with the Saudis in order to preserve invested interests and to obtain oil. In order to do business in the Middle East and Saudi Arabia, the United States is compliant to wishes that are both unconstitutional and unhealthy for Americans. Submissiveness to Saudi rules has placed America in a state of dhimmitude, or servitude to Islamic conditions, that extends into the arena of energy, security, policy, education, finance, and religion.

Source: Bespoke Investment Group I like this chart because it shows the growth in our net worth over a long period.  Net worth grew along with the equity market and when stocks began to falter in 2000, net worth kept going because home prices boomed.  When stocks fell again in 2008, real estate was also tumbling and net worth fell with it.  This chart illustrates how closely tied we are to the world of investments.

Brad Andersohn made a HUGE announcement today about RainCamp. Click to see more... Via Brad Andersohn ~ Community Manager (ActiveRain) : ActiveRain RainCamp - Our New Training Program - Starts In Seattle and you're Invited! This has to be one of the most exciting announcements I've ever had the privilege to post on AR.  I remember signing up that "rainy" day back in February of 2007.  My first question was, "Where Do I find the Owners Manual for this place?"   My next thought was, "How do I get the most out of Social Networking and Blogging here?

Real Estate-Market Watch   by Art Wagner @ Keller Williams Realty Southwest Saint Loui s , Sunset Hills, Mo. September 19th, 2009 The Anatomy of St. Louis Real Estate The St. Louis Home for Sale Team provides a weekly St. Louis County and Bi-weekly St. Charles County Market and Jefferson County Market Watch Report to review and plug into your home buying or selling scenario.  Your questions and comments are welcome!  The St.

The 2009 Santa Clara API School Scores have been updated and we have the numbers. The 2009 Santa Clara County API School scores are now available. We pleased to report a majority of the local school districts experienced an increase in performance even in our challenging financial times. Here are the details! Related posts: 2008 Santa Clara County API School Scores  Have you been spinning your wheels trying to figure...

Cleveland Park Messages In This Digest (25 Messages) 1. ISO Phedre tickets From: jrlittells1 2. New Playground near Hearst School.  Groundbreaking 9/23/09 From: Henry 3. ISO Office for blood work From: miteymom@aol.com 4. Blue Rug for Sale From: kellysk2007 5.

Read more at: http://www.huffingtonpost.com/2009/09/07/priceless-how-the-federal_n_278805.html The Federal Reserve, through its extensive network of consultants, visiting scholars, alumni and staff economists, so thoroughly dominates the field of economics that real criticism of the central bank has become a career liability for members of the profession, an investigation by the Huffington Post has found.

House prices in Kuwait are set to level off and could rise by the end of the year, according to a new report on the country’s real estate market…

In a previous article I shared with you how I successfully produced my first information product which has made over $19,000 to date. But little did I know that it was beginners luck and there was still a lot I needed to learn. The second product was one that my wife had already written previously that I tried to turn into a product without sufficient research as to the market that existed for the product. Big mistake! Make sure the market exists via keyword research tools like the free version of word tracker and good old Google itself.

by Colleen Fischesser on September 21, 2009 What’s Going on in the Market Today? The kids are in their routines- back at school, football has started and Fall is definitely in the air.There are still many buyers out actively looking to purchase prior to the November deadline for the 1st time home buyer tax credit.Over half of the pending sales right now within the Tahoma School District are properties listed under $300,000.

Here are my top 10 links from around the Internet at 10am. I welcome your additions and comments in the comments below or please send me your suggestions for Wednesday’s Top 10 at 10 to bernard.hickey@interest.co.nz My apologies for lateness again today. I’m travelling a bit today and filing this from Wellington. Great weather here. No design specs here… 1. Moody’s is forecasting that US house prices will fall 40% from their peak to their trough and some US states will not recover to their 2006 peak levels until the early 2030s, Marketwatch is reporting .

Posted 21st September, 2009 in Porsche | Leave a commentThe successful story of Dr. Ing. h.c. F. Porsche AG, Stuttgart, as the Company stands today, would be inconceivable without the lifetime achievement of Ferry Porsche. For it was under his guidance that the engineering office established by his father Ferdinand Porsche became an independent car manufacturer presenting the first sports car to bear the name Porsche in 1948 – Porsche Type 356.“At the beginning I looked around, but I could not find the car I was dreaming of.

Claiming the biggest share of the European residential market, the risk-ratio return of German real estate continues to compare favorably to other investment options. Keep in mind, though, demand for new construction in urban centers is outpacing lack-luster interest in older properties. Housing prices…

ProLogis Research Group Releases New Report on Industrial Property Markets in the United States and Canada DENVER, Sept. 21 /PRNewswire-FirstCall/ — ProLogis (NYSE:PLD), a leading global provider of distribution facilities, announced today the release of a new research report on the state of the industrial property markets in the United States and Canada, entitled “Too Soon to Uncork the Champagne.” The report is based on market statistics compiled from a variety of sources, including ProLogis market officers, brokerage companies and data providers.

The latest O.C. home inventory report from Steve Thomas at Altera Real Estate in Aliso Viejo says that as of September 17 … The “hottest” O.C. market in terms of “market time” (supply of homes for sale vs. new purchase deals inked in past month) is Portola Hills at 0.6 months to theoretically sell all for-sale homes at the current buying pace. “Coldest” market is Corona Del Mar at 10.8 months to theoretically sell all for-sale homes at the current buying pace.

I’M ON MY WAY…JUST SET ME FREE…HOME SWEET HOME.” The lyrics from Mötley Crüe’s Home Sweet Home sound a lot like something the housing industry might have sang last week, after the Commerce Department reported that the number of Housing Starts in August came in better than expected. As you can see in the chart below, Housing Starts have fallen significantly since June 2008, but in last week’s report, they broke free to come in at their highest level since last November.

ActiveRain RainCamp – Our New Training Program – Starts In Seattle and you’re Invited! This has to be one of the most exciting announcements I’ve ever had the privilege to post on AR.  I remember signing up that “rainy” day back in February of 2007.  My first question was, “Where Do I find the Owners Manual for this place?”   My next thought was, “How do I get the most out of Social Networking and Blogging here?

Via [ Dan Wasserman ] Comment: Today I’ll just present a list of why we aren’t in a recovery and what our obstacles are to a recovery. These are reasons we are most likely in for a couple of decades of negative or no growth, along with an expectation of deflation and a market correction in the near term.

Smart Grid Investing: How Our Nation’s Future Energy Security Can Boost Your Portfolio Now by Dave Fessler , Advisory Panelist The “Smart Grid.” You may have heard the media toss the term around recently. But ask the next 10 people you meet to tell you something… anything… about it, and I’ll wager that you’ll get deafening silence. The reason? All of us take electricity – and the system that generates and distributes it – for granted.

Click to enlarge Lennar’s losses widened over the summer, but the Miami-based homebuilder with a big O.C. presence expects to return to profitability in the coming year, according to the company press release . Among the highlights of its third-quarter 2009 financial report were: The company’s net loss widened to $171.6 million, nearly double the net loss of $89 million posted in the third quarter of 2008. The average sales price of homes delivered decreased 11.5% from a year ago, falling to $239,000 in the third quarter from $270,000 in the same period last year.

I’m sitting outside the auto repair shop waiting for the brake light switch on my aging Toyota Corolla to be fixed. I’m typing on the Nokia N97 smartphonne, on which I also have been reading news. I had blogged that the N97 would get a second chance . The iPhone 3GS is on ice, so to speak. But my N97 experience is topic for another post. My topic here is the news I was reading in the New York Times about an analyst report suggesting that the economy is starting to recover . It’s not.

Full story here from Bob Chapman at The International Forecaster. Dude’s on fire today! I might add that Bernanke “technically has a brain” but has failed to use it for financial gain or perhaps through some sort of manufacturer’s defect. Let’s tell those tens of millions who are still unemployed, foreclosed upon or otherwise ground through the financial sausage machine that they “technically” have nothing to worry about. The recession’s over when you use ShadowTraders to trade your way to financial freedom.

Earlier this month marked the one-year anniversary of the beginning of the equities market meltdown, which profoundly impacted Marin County, California’s luxury real estate market. In our New Economy, real buyers have become less numerous and have placed increased emphasis on prestige locations, views, lifestyle amenities (usable yards, proximity to clubs/shopping, etc.), schools, and sensible scale.

GLD chart : this seasonal worked for GOLD In 2009 for above gold see profit factor , for simplicity calc profit factor from point x wins profit factor = 24 (avg.win pts) x 13 ( #wins ) / 12 (avg.loss pts) x 2 ( #loss ) profit factor = 24 (pts) x 13 / (12 x 2 ) = 13 wow. this is great Profit factor . note: 1) look at worst equity also 2) this profit factor is with no STOP LOSS Seasonal trading theory 1: see in 2006 , 2008 look at worst drawdown of 6k , 4k then they truned as porfits.

From Bloomberg: The Obama administration is studying whether to let a first-time home buyers’ tax credit expire as scheduled at the end of November. Bernanke and his Fed colleagues may continue talking this week about how to wind down purchases of mortgage- backed securities, according to Peter Hooper, chief economist at Deutsche Bank Securities Inc. in New York. The two programs have helped stabilize real-estate demand, with new-house sales rising 9.6 percent in July from the prior month, the most since 2005.

Disquiet Reservations September 21, 2009 This is a piece of futurist, speculative fiction, mixed in with the concerns and events of the present day. The real life personages in this piece are my great heroes. My admiration for their work is part of the reason for why I chose to write this. Okay, not all of them are my heroes. There is one name that doesn’t excite me when I hear it. (Hint: his name is Ben Bernanke). I have taken the liberty to use their names without permission, for what I perceive to be as artistic purposes.

Disquiet Reservations September 21, 2009 This is a piece of futurist, speculative fiction, mixed in with the concerns and events of the present day. The real life personages in this piece are my great heroes. My admiration for their work is part of the reason for why I chose to write this. Okay, not all of them are my heroes. There is one name that doesn’t excite me when I hear it. (Hint: his name is Ben Bernanke). I have taken the liberty to use their names without permission, for what I perceive to be as artistic purposes.

Disquiet Reservations September 21, 2009 This is a piece of futurist, speculative fiction, mixed in with the concerns and events of the present day. The real life personages in this piece are my great heroes. My admiration for their work is part of the reason for why I chose to write this. Okay, not all of them are my heroes. There is one name that doesn’t excite me when I hear it. (Hint: his name is Ben Bernanke). I have taken the liberty to use their names without permission, for what I perceive to be as artistic purposes.