Posts about Real Estate Market Reports as of September 28, 2009

Foster Weeks publishes a weekly mortgage report which is updated every Monday morning. How is this affecting the San Francisco real estate market? Read our weekly and monthly market reports. Here’s what Mr. Weeks says about last week’s activity: “BE WILLING TO MAKE DECISIONS.” General George Patton. And that’s exactly what the Fed did last week at their regularly scheduled Federal Open Market Committee meeting.

by Suzanne Dranmer When shopping Languedoc Roussillon genuine estate there have been most things which you need to learn. This is in the south of France and it is a unequivocally pleasing location. There have been most things which you need to confirm prior to you buy anything in Languedoc Roussilon. * Understand what you have been shopping beforehand. What have been you shopping this skill for? Will it be a permanent chateau or for retirement? Maybe it is only for an investment.

      This Month in Real Estate Video Reports for Canada Market – September 2009 Each month, This Month in Real Estate provides expert opinion and analysis on real estate trends across North America. The aim of the consumer-oriented segments is to help Keller Williams Realty realtors combat the “doom and gloom” messages of the national print and television media with real information on the state of the real estate market.

Negative Bond Returns Converge With Mortgage Miracle (Update2) Share | Email | Print | A A A   By Daniel Kruger Sept. 28 (Bloomberg) — Federal Reserve Chairman Ben S. Bernanke has some good news for investors: Treasury bondholders will lose money for the first time in 10 years amid an unprecedented decline in the gap between the interest rate on 30-year mortgages and government notes, signaling an end to the worst financial crisis since the Great Depression.

As the news of declining sales for existing homes has captured headlines as of late, the underlying highlight of a declining inventory of unsold homes is encouraging news for the housing market. At the end of August, total housing inventory dropped 10.8% to 3.82 million existing homes for sale, representing an 8.5-month supply and the lowest level seen in a year (not seasonally adjusted. Real estate is cyclical, seasonal and emotional , so declining sales for existing homes is expected, as the seasonal cycle wraps up and the $8,000 tax credit comes to a close.

New York Times A report says that human welfare should factor far more heavily when assessing how well the economy is performing. By Peter S. Goodman Among the possible casualties of the Great Recession are the gauges that economists have traditionally relied upon to assess societal well-being. So many jobs have disappeared so quickly and so much life savings has been surrendered that some argue the economic indicators themselves have been exposed as inadequate.

There are indicators that the real estate market may be reaching its nadir.  If so, now would be the time to consider investing in either rental property, for those interested in active management, or REITs, for those who prefer passive real estate investments. The Wall Street Journal recently published a study prepared by LPS Applied Analytics, a leader in the collection and analysis of mortgage data.  The results of this report demonstrate that the housing market is far from fully recovering.  This article focuses on the “shadow inventory” of homes.  These are homes that are delinquent in their mortgage payments but have not yet been foreclosed upon.

    Newsdesk | Volume 3 | Issue 251 | September 25, 2009 Top News Fed: Upbeat, optimistic – USA Today – - of mortgage-backed securities and another $200 billion in mortgage-related debt by year’s end. The initiative has lowered mortgage rates. On Wednesday, the central bank said it would buy a total of $1.25 trillion by March 31. ‘I think that’s very Video: FHA Commissioner Speaks Out – MSNBC – - Extract not available.

    Newsdesk | Volume 3 | Issue 251 | September 25, 2009 Top News Fed: Upbeat, optimistic – USA Today – - of mortgage-backed securities and another $200 billion in mortgage-related debt by year’s end. The initiative has lowered mortgage rates. On Wednesday, the central bank said it would buy a total of $1.25 trillion by March 31. ‘I think that’s very Video: FHA Commissioner Speaks Out – MSNBC – - Extract not available.

by Arnulfo Snider The best time to choose a short sale is when you owe more on your home than it is worth. Let’s say that your home is worth 450,000 and you owe 470,000 then a short sale would be the way to go. Obviously, if you do not have to sell your home, you could wait out the market and hope for a turnaround in real estate values. If this is not the case then you have 3 options to choose from. One, is to bring money to the table. Say you sell your home for a $10,000 deficit, you would have to come up with that money immediately for the bank.

The Cincinnati Area Board of Realtors recently issued their monthly report. The news is pretty much what we all in the real estate field expected. Prices are still slightly depressed, but home sale volume is slightly better than last year. August 2009 was slightly better than August 2008 in terms of the number of homes sold. The average cost of real estate sold is lower this year, due in part to the volume of short sales and foreclosures being purchased.

Mike Orr, from the Cromford Report , shared the following yesterday: The average achieved sale price, as a percentage of list, is a significant measure of the market. When it drops we conclude the market is deteriorating and when it rises the opposite is true. On September 25 the percentage for all areas & types within the ARMLS database hit 97.01%, exceeding 97% for the first time since September 4, 2006. This is a very positive sign. The number has been rising rapidly since hitting a low of 93.82% on February 5, 2009.

“BE WILLING TO MAKE DECISIONS.” General George Patton. And that’s exactly what the Fed did last week at their regularly scheduled Federal Open Market Committee meeting. But just what did they decide…and what do their decisions mean for home loan rates?The Fed said they are going to ration out the remaining commitment of Mortgage Backed Security purchases through the first quarter of 2010. There will be no additional buying, but instead, a longer weaning off of the program.

By Rich Miller Bloomberg.com Sept. 28 (Bloomberg) — Full employment ain’t what it used to be. Economists since the mid-1990s have reckoned that full employment was equivalent to about a 5 percent unemployment rate, taking into account the time required to switch jobs. Now Nobel Prize winner Edmund Phelps and Pacific Investment Management Co. Chief Executive Officer Mohamed El-Erian say the fallout from the deepest recession in more than five decades is driving the so-called natural rate higher, perhaps to 7 percent.

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September 28, 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.

By Lynn Thomasson and Michael Tsang Sept.

Sept. 28, 2009 – At the end of the 2 days G20 summit that was held in Pittsburgh, US president Barack Obama declared that “the world’s leading nations have agreed tough new regulations to prevent another global financial crisis”. According to the Financial Stability Board, which coordinates the Group of 20 regulation initiatives, “there has been good progress in strengthening the financial system to apply lessons from the credit crunch”. (read FSB report on G20 financial rules progress ).

September 28, 2009 Eleven Mistakes Inexperienced Landlords MakeCourtesy of InvestopediaWith the housing market collapse many investors who have been fortunate enough to preserve their cash, or maintain access to credit, are snapping up incredible deals on residential properties to try their hand at real estate investing.While it may sound easy enough — buy a home, make a few renovations and rent it out for more than the monthly mortgage payment — successfully managing your own investment properties requires the mindset of a business professional.

A Swiss government-commissioned report published on September 22 suggests that the future is looking brighter for the Swiss economy, and for the wider global economy – but difficulties still lie ahead. According to the report, the global economy is recovering faster than anticipated, while in Switzerland the recession has slowed in Q2, and for the second half of the year a positive change is underway.

September 28, 2009 Eleven Mistakes Inexperienced Landlords MakeCourtesy of InvestopediaWith the housing market collapse many investors who have been fortunate enough to preserve their cash, or maintain access to credit, are snapping up incredible deals on residential properties to try their hand at real estate investing.While it may sound easy enough — buy a home, make a few renovations and rent it out for more than the monthly mortgage payment — successfully managing your own investment properties requires the mindset of a business professional.

Some people when thinking of shadow inventory have images of poor rundown homes in suspect neighborhoods.  Yet the reality of shadow inventory sometimes include some of the most priciest and beautiful real estate in the world.  Take for example the Wells Fargo executive who was using an exclusive Malibu foreclosure for private parties.  The initial […] Some people when thinking of shadow inventory have images of poor rundown homes in suspect neighborhoods.  Yet the reality of shadow inventory

Some people when thinking of shadow inventory have images of poor rundown homes in suspect neighborhoods.  Yet the reality of shadow inventory sometimes include some of the most priciest and beautiful real estate in the world.  Take for example the Wells Fargo executive who was using an exclusive Malibu foreclosure for private parties.  The initial owners in Malibu invested some of their money with Bernard Madoff only to have their home taken over by Wells Fargo.  Talk about trading one positive partner for another.

Where has the Bailout Money Gone? Good Billions After Bad Vanity Fair by Donald L. Barlett and James B. Steele As the Bush administration waned, the Treasury shoveled more than a quarter of a trillion dollars in tarp funds into the financial system—without restrictions, accountability, or even common sense. The authors reveal how much of it ended up in the wrong hands, doing the opposite of what was needed. Just inside the entrance to the U.S.

Ecuador’s food is health food… compared to food in the US… even Ecuador’s fast food is pretty good. Many mistakenly think that Ecuador food is something like Mexican food. Nothing could be further from the truth. I have never seen a taco or antijito in Ecuador, although they are available in the big cities in chains. Ecuadorian food is European if anything but blended nicely with Andean traditions… so it comes out darn healthy.

It seems appropriate that hopes of a further rally in the Aussie stock market are being pinned on the IPO of a retailer. It’s like saying a prayer to the god of consumerism for share market salvation. Amen. The $2.5 billion listing of Myer is expected this week. And what better way to celebrate a six-month reality-defying rally than the listing of a consumer-driven business? Happy days are here again! Not that we have anything against Myer. It’s a good store.

Amazon. com ReviewAmazon Exclusive: Ken Fisher on The Ten Roads to Riches Have you ever wondered how the super-rich built their wealth—and whether you could build big wealth too? The Ten Roads to Riches takes an engaging and informative look at some of America’s most famous (and infamous) modern day millionaires (and billionaires), and reveals how they found their fortunes. Surprisingly, the super-wealthy usually get there by taking just one of ten possible roads. And now, so can you.

Richmond Housing Report – List Vs Sold Sugust, 2009 Source: RealtyLink Online Housing Type Active Listings August Sales Av. 3 mth No. Months Average Price Detached 510 170 198 2.58 $820,000 Townhouse 310 126 153 2.03 $460,000 Condominiums 590 183 213 2.77 $320,000 Richmond condos The Richmond total home sale for August, 2009 at 479 units was 24% lower than the previous month sale of 630 homes.

General Market A) Millions on the Verge of Exhausting Unemployment Benefits There is a whole new crisis coming: by the end of the year, as many as 1.5 million jobless Americans will have exhausted their unemployment benefits. The National Employment Law Project, a privately funded advocate for the unemployed, released a study over the first weekend of August, which caused quite a stir. According to the group’s research, over 140,000 people have collected the maximum unemployment benefits the government allows.

General Market A) Bad signs for the economy’s two most important measures First, the Labor Department issued a worse-than-expected jobs report this morning (July 2 nd , 2009). The U.S. economy shed 467,000 jobs in June. As this chart shows, the Street was betting on the current trend to stay intact. Job losses have decreased every month since the January peak. B-list data points from July 2 nd jobs report were equally lousy: The average hourly workweek fell to 33 hours, but hourly wages stayed the same.

Vince Vaughn: ‘i’m Finally Ready to Have Kids’ – femalefirst.co.uk Vince Vaughn is so smitten with his fiancee Kyla Weber, he’s considering having a family – for the first time.The Wedding Crashers star has long enjoyed a bachelor’s life, dating Jennifer Aniston for a year in 2006 before meeting and proposing to SF Homes Examiner – San Francisco Examiner Cece Blase is with Paragon Real Estate Group in San Francisco. She has been investing in real estate since 1986.

Pauline Goh Managing Director CB Richard Ellis SingaporeTHE measures are aimed at cooling the market by lowering demand and increasing supply. On the demand side, the removal of the special payment schemes will effectively encourage homebuyers to reassess their cashflow position carefully before they make purchase commitments.

IN YET another sign that the residential housing market is red-hot, a handful of small firms are venturing out of their core businesses to make big bets on real estate development.Electronics maker Aztech has become the latest listed company to announce a foray into boutique property development, joining the likes of bookstore chain Popular Holdings, jewellers Aspial and Heeton Holdings, once a big player in wet markets.Aztech believes there ‘will be long-term sustainable demand’ for its new

By: Brad Wozny , Author 6 Figure Syndication Secrets (This article is an excerpt from Brad’s 77 Page Shock and Awe Report: Real Estate Investing Doctrine for Today’s Crisis ) Why Your Business Will Get Punished If You Don’t Remodel It Now Did you know that the top 5% of the wealthiest people in the world earn nearly 90% of its income? That’s because there’s a major problem that plagues every financial freedom-craving, money-making, opportunity seeker out there.

Buying a home is a big-time real estate investment and has to be done with great prudence. Knowing where not to buy a home is as important as are the dos and don’ts of buying a home.
Of the many top ten lists on CNNMoney.com , there is listed the top ten overvalued cities in America where it is better not to buy a home for the next two years or so. The report states a variety of reasons for the unfavorable market conditions.
Five cities in California – Bakersfield, Fresno, Merced, Sacramento and Stockton, figure among the top ten cities that have the least possibility of home price appreciation.

Sep27 Ben Sclair · September 27, 2009 Bank of America Home Loans, Lakewood, WA has teamed up with local experts to sponsor a FREE Homebuyer’s Seminar on Wednesday, September 30th at 6:00 pm at The Commencement Bay Coffee House, 2354 Jefferson Avenue, Tacoma, WA Doors open at 5:30 pm.First time home buyers and those who haven’t been through the home purchasing process in a number of years will benefit from this educational seminar, led by Kristopher Shook and Jason Perkins from Bank of America

Hey… click the video below to check it out. Its only about 5 minutes long… and you’ll get a free home study course, free hard copy newsletter on “private money getting”, 50 free forms on a CD rom, some awesome letters and templates for “private money getting”… just pay for the shipping and it’s yours.

Deb, Beezlebub, and I went to Meadowbrook last night to see Alan Jackson in concert. To say it was an awesome show would do it an injustice. I have to admit to being taken by surprise when he performed Where Were You When The World Stopped Turning. It wasn’t the song that took me by surprise but my reaction to it. Too many memories of That Awful Day. Looking around I saw I wasn’t the only one with tears in my eyes.

HOME buyers should brace themselves for intense competition and price rises as Melbourne heads into its strongest spring property market since the 2007 boom, industry experts say. The warning comes amid a growing debate over whether the city is on the cusp of a new property boom as soaring demand for housing pushes sales volumes, clearance rates and price growth to levels previously seen in 2007.

google_ad_client = “pub-5298980831966470″; /* 336×280, created 7/29/09 */ google_ad_slot = “7594500533″; google_ad_width = 336; google_ad_height = 280; //–> Would you like to make money by starting your own home-based business? People choose to work from home for several reasons including the desire to stay home with their children, the need for extra income, or simply being dissatisfied with their current job. A home-based business will provide you with an exciting way to make money and be your own boss.

Identity theft is a crime used to refer to fraud that involves someone pretending to be someone else in order to steal money or get other benefits. Are you a victim of identity theft? If prevention works like a lock, identity theft detection can be compared to an alarm. Learn how to detect identity theft. Ben Bernanke is a victim of identity theft. This is proof positive that it can happen to anyone. This article and related links tell you what to do if you are a victim of identity theft.

There’s an age-old Wall Street saying: Don’t fight the trend. For now, at least, the apparent trend is that equity prices are headed even higher after whopping stock gains of 53% in the S&P; 500 and 46% in the Dow from their March lows. In this context, meet four bulls who share this sunny view, although some hasten to point out that the investment landscape — like the bull ring — is hardly devoid of significant danger.

Selling Your Own Home In A Tough Real Estate Market – Five Tips If you are in a tough real estate market and are looking to sell your home quickly, you might want to consider doing a For Sale By Owner. My wife and I recently bought a new house and after trying unsuccessfully to sell our existing house through a real estate agent for several months decided to try For Sale by Owner. We found a buyer within four days and closed on the house three weeks later. However, through our experience we discovered a few things.

We’re Randy & Stephanie Kelley, Realtors(R) at Keller Williams Legacy, San Antonio.  Visit us at SanAntonioHomeQuest.com   , call us at (210) 863-2661 or 867-9743, or (800) 201-9145, E-mail us kelleybus@aol.com or swkrealtor@aol.com . Here’s how we recently answered a very good inquiry about the San Antonio realty market.  How is the real estate sales environment in your part of Texas right now? Sales activity up, down or stagnant?