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

September 29, 2009 – Home prices nationwide improved yet again during the month of July, according to the S&P/Case-Shiller home price index, but still remain down double digits from a year ago.According to the Case-Shiller index, home prices in the nation’s 20 largest metropolitan areas rose 1.2% in July compared with June, considerably better than the 0.5% monthly rise that economists had forecasted.Only two of the 20 cities tracked by S&P report reported monthly declines — the struggling housing

Dennis Norman According to a report just released by MyNewPlace.com , as a result of the bad economy, renters around the nation are saving money on their monthly housing costs by sharing apartments with roommates rather than opting for living alone in a one bedroom apartment.  As a result, demand for 3 bedroom apartments has been [...] Related posts: Foreclosures on the rise By: Dennis Norman According to a report issued by RealtyTrac(R),…

Yesterday the Case-Shiller home price index came out, and it had some positive numbers. The C-S index looks at 20 major metropolitan real estate markets and watches the change in home sale prices on a monthly basis. The index provides numbers that are normalized for the home prices in the first quarter of 2000. Because Cincinnati is not one of the markets observed by the index, we have o draw some conclusions from our closest neighbor, which is Cleveland.

Commercial real-estate brokers Cushman & Wakefield have put out their September global retail rental market report and it makes for some interesting reading. In particular, the writers observe some dramatic regional splits within Europe. For example, the rental picture is observably bleaker in central and eastern Europe,…

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CLICK HERE FOR MORE INFO 15721 EBONY CT BOWIE, MD 20716 MLS #: PG7170742 $225,000 3 Bedrooms, 2 Full, 1 Half Bathrooms JUST REDUCED! Gorgeous Townhome Priced to sell. Master Bedroom w/his & hers closets & full bath. Updated bathrooms, new pergo flooring, updated appliances, new brick patio. Eat-in kitchen w/extra cabinet & countertop space. Family room leads to walkout patio and private backyard that backs to trees.

As I’ve noted several times on these pages, the US stock market and US dollar are trading at a near perfect inverse correlation. With stocks extremely overbought and reaching a critical point of potential resistance, any bounce in the dollar could kick off a rapid collapse in the US stock markets. Which is why I’ve noted with great interest that the dollar is showing signs of a potential short-term bottom. The below chart details the US dollar (black line), S&P 500 (purple line), and their respective 21- and 55-day moving averages.

The Fed’s FOMC announcement came out… We got exactly what I expected, a kind of wishy-washy, “hedging our bets” statement from the Fed. You have to remember that Bernanke was Greenspan’s right hand man for much of the bubble days of the ‘90s and early ‘00s, so the guy is an expert at walking both sides of the line when it comes to policy and public statements. For instance, the Fed announced it would keep interest rates between 0% and 0.25% for an “extended period.” No surprise there.

September 30th, 2009 The guidelines for this carnival . As always, I arranged the entries that met guidelines into three levels, based upon originality, usefulness to the consumer, and how much thought and effort and research went into an entry. STRONGLY RECOMMENDED We have an Editor’s Choice! Four Pillars talks about Pocket Listings . A pocket listing is where the listing agent keeps the listing “in his pocket” rather than putting it on MLS.

The Warren Group reported that single-family home sales inched up 2 percent in August compared to the prior year. August was the second straight month that sales volume increased in Massachusetts. Here’s what’s not in the report: while sales of lower-priced single-family homes helped to prop up the overall numbers, higher-end home sales are dragging. Single-family homes priced $200,000 to $400,000 shot up almost 10 percent compared to the same months in 2008.

Evergrande receives approval to list on Hong Kong Stock Exchange… 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

A loan on secured by Miami real estate collateral is typically known as a mortgage. This is the most popular form of real estate investment loan used by investors. Miami real estate investments provide an opportunity to generate cash flow. Apart from commercial banks, savings banks, savings and loan associations, credit unions, real estate investment loans can also be obtained from insurance companies, mortgage bankers, mortgage trusts, investment trusts, pension funds and finance lenders.

Findings from a new survey by Thomas Stanley, America’s foremost authority on the affluent expose differences between “being rich” and “acting rich” in the book Stop Acting Rich…And Start Living Like a Real Millionaire. Hoboken, NJ (PRWEB) September 30, 2009 — In his most timely book to date, “Stop Acting Rich…And Start Living Like a Real Millionaire,” #1 New York Times bestselling author of “The Millionaire Next Door” and “The Millionaire Mind,” Thomas Stanley reveals the results of a major

The International Monetary Fund said Wednesday that “the global economy has turned a corner” after the harrowing start to 2009 but that only a thorough restructuring of the financial system could prevent a return to crisis and pave the way for solid growth within the next 18 months, The New York Times’s Carter Dougherty reports.In its Global Financial Stability Report, an assessment that has brought widespread praise from economists as a thorough analysis of the system’s health, the I.M.F.

New Delhi, Sept. 28 After being virtually comatose for three quarters, retail real estate demand is showing some signs of revival as players in organised space begin to put their expansion back on track.With same-store sales in April and May faring better than the preceding quarter, commercial markets in Delhi, Mumbai and Bangalore are seeing an uptick in enquires for additional space, say industry watchers.According to a recent report by Cushman and Wakefield, Pune is expected to record the

Market for this predicted to grow at a compounded 19% annually for next four years.The glittering towers in the country’s commercial capital may still be rising into empty space, but that hasn’t stopped Rashesh Kanakiya’s ambitions from soaring.The chairman of Kanakiya Spaces has just launched a commercial project called — rather oddly, some would say — Boomerang, a 1.2 million sq ft complex at Andheri, a Mumbai suburb.

Patna, (BiharTimes):Recent boom in the real estate market of Patna have sprung a surprise to all as the prices of commercial as well as residential properties have seen  tremendous upward movement in the last couple of years. Patna was never known as prime destination for settlement of the people of other states largely due to lack of trade and industries in and around the city.“ The real estate prices  have appreciated more than 100 percent in last three years.

While buying and selling regular homes might provide you with a limited profit margin, it is in buying distressed homes, rehabbing them and then selling them off, which can provide you with a very high margin. This specialized niche will require you to develop an extensive network of information of sellers and buyers and thorough legal knowledge to ensure that you do not get stuck with a desirable property at an undesirable rate or get caught in a legal wrangle after you have purchased it.

Once there was a man, he went and stood in front of a snake. The snake bit him. He got extremely upset and went to his Guru. “Guruji, look at that bad snake it bit me.” “Don’t blame the snake, but blame yourself. It is natural for a snake to bite. Your lack of knowledge and wisdom is what bought you the snake bite.” Understanding the way news works is very important for any investor. You can’t create wealth if you are in a constant state of ignorance. As they say a fool and his money are soon parted.

Bangalore has emerged as a clear preference for sectors like office and retail, while coming a close third in the residential and hospitality according to Cushman & Wakefield, a retail estate research firm. In its report Cushman & Wakefield GRI India Real Estate Investment report 2009: ‘Survival to Revival – Indian realty sector on the path to recovery,’ the firm said that Bangalore is expected to see the highest demand for office space in the period 2009 – 2013 with approximately 34 million sq.ft.The expected recovery in the IT/ITeS sector would have a positive effect on the demand in Bangalore, the preferred location for many IT/ ITeS companies.

Mumbai: Land prices in Pimpri-Chinchwad may not match the rates prevailing in Mumbai or Pune. But at an auction that may signal a shift in the real-estate market there, a 10-acre plot where the defunct Hindustan Antibiotics Limited (HAL) stands has been sold for an astounding Rs49 crore.HAL was the first public-sector pharmaceutical firm.

Several readers and clients have asked me recently about price per square foot metrics.  Certainly, if you’re trying to figure out how much a home is worth, it helps to get a sense of value by knowing what houses (or condos) are going for in the area on a per square foot basis and multiplying that by the size of the house in square feet.  Elementary my dear Watson.

By Shani Raja Sept. 30 (Bloomberg) — Asian stocks rose, lifting the MSCI Asia Pacific Index to its seventh monthly advance, after China’s central bank said it will retain a “moderately loose” monetary policy and NGK Insulators Ltd. increased its profit forecast. Poly Real Estate Group Co. rose 3.8 percent after the People’s Bank of China said stimulus measures to boost domestic demand will continue.

COMMONWEALTH ACT No. 146PUBLIC SERVICE ACT, as amended CHAPTER IOrganizationSECTION 1. This Act shall be known as the “Public Service Act.”SECTION 2. There is created under the Department of Justice a commission which shall be designated and known as the Public Service Commission, composed of one Public Service Commissioner and five Associate Commissioners, and which shall be vested with the powers and duties hereafter specified.

Today in your 60-Second Business Break: The San Francisco metro area has one of the nation’s two biggest gains in home values in July. YouTube reaches a deal with Warner Music Group. Microsoft has won support for Windows 7 from Intel and other corporate giants. A San Francisco real estate trust has bought two Silicon Valley data centers. S.F.-area house values rise 3.3% in July House values in the San Francisco metro area jumped 3.3 percent in July from the month before, a pace only exceeded by Minneapolis among the nation’s top 20 metro areas.

Ben Stein Talks Retirement Retiring to Mexico makes sense for many reasons. The timing could not be better for retirees now. Why? The recession has made it a buyers (and renters) market for Americans wanting to go where their retirement dollar stretches further these days. Retiring to Mexico has always made good sense for those on a limited budget…even more so now. Local Senior Citizen Center, Recreation Center, and YMCA If you are a person that would prefer to engage in learning activities during the day, then you should obtain a schedule of events from your local senior citizen center or recreation center.

The Case-Shiller report just came out today showing home prices are going up in many of the 20 closely watched major markets Case-Shiller reports on. In those cities homes prices as an average went up 1.2% and that marks the third straight month that the Case-Shiller report has showed a net gain in real estate prices. Economists had expected a 0.5% increase from June to July of 2009.

Vitality shows in not only the ability to persist but the ability to start over. The opening moments will be dominated more by Oil India’s listing. The market will be keen to see how the stock behaves after a tepid debut for Adani Power and NHPC. We expect another positive start though Asian stock markets are mixed after overnight losses on Wall Street.

The recent boom in the real estate market of Patna has surprised one and all. Notwithstanding global recession prices of commercial as well as residential properties have witnessed tremendous upward swing in the last couple of years. Patna was never known as prime destination to settle or invest for the people of other states largely due to lack of infrastructural facilities and absence of trade and industries in and around the city. Even the original citizens of the city would love to move out and live elsewhere.

The average home sale price in Broomfield for August 2009 was the lowest it has been all year at $299,934 . 66 homes sold, while 91 were under contract and 292 were still active. A year ago at this same time the average sale price was $397,314 which was the highest at that time last year. The disparity in prices is likely due to the fact Broomfield has a number of high-end, new home communities and not so much due to a sudden plummet in overall Broomfield home values.

Although this doesn’t really have anything to do directly with real estate and the second home market, here is an interesting report from USA TODAY on the state of the economy.  RV wholesale shipments jumped 16% in August from July according to the Recreation Vehicle Industry Association.  A report on consumer confidence is expected to show modest improvement, but some economists are encouraged by an obscure measure of buyer sentiment: recreational vehicle sales.  Read the entire article

This despite better share prices and refinanced debtSINGAPORE-listed real estate investment trusts (S-Reits) have mostly refinanced their maturing debt obligations this year and have benefited from a recent share price recovery, noted Fitch Ratings in a new special report. But questions still remain regarding their financial flexibility and refinancing ability, the ratings agency said.Fitch is also maintaining its overall negative outlook for the sector, owing to negative asset performance expectations.

On Reducing Risk (I know, what an awesome headline!) Yesterday, I showed you the merits (and risks!) of why people would want to invest in a business (and don’t make the rookie mistake of thinking a website is any different to a business!). Today, we talk about Risk, and more important how to reduce it. Check out this cool email I received… Uploaded with plasq ’s Skitch ! In the Thirty Day Challenge, we spend a LOT of time on market research.

For the first time since 2007, Phoenix-area home prices increased from one month to the next. A new report from the W. P. Carey School of Business at Arizona State University shows a slight 0.8 percent bump up in Valley home prices from May to June this year. The Arizona State University-Repeat Sales Index (ASU-RSI) measures changes in average Phoenix-area home prices from year to year. The new June 2008 to June 2009 report shows the small increase for average home prices recently, and it also offers evidence that the worst appears to be over, for now, in terms of price plunges.

For many real estate investors, these past several months have brought a welcome sigh of relief as homeowners have come into the market in truly satisfying numbers. In many parts of the country the steady downward slide in prices has tapered off and we have been seeing what may be the bottom in terms of further price declines… or NOT! Are Some Hyping Up the Real Estate Market Too Soon? The numbers throughout the Summer have been promoted with great fanfare… the Schiller-Case Index and National Board of Realtors proclaiming that prices may have bottomed out and the worst is over.

Consumer Confidence Data Thwarts Rally Stocks suffered a slight setback today as an unexpected drop in consumer confidence spoiled early gains on Wall Street. Other economic data was positive and included a better-than-expected reading in the S&P/Case-Shiller Index for July, but that was not enough to bring stocks back above the flatline. Treasuries also finished slightly lower after the reports and after another Fed official outlined the potential need for more aggressive action to fight inflation.

1. Teacher getting dumber or student getting smarter?The U.S. is seeing its leadership in economic affairs decline as emerging markets such as China grow in importance, said former Federal Reserve Chairman Paul Volcker. “I would like to think that given the history of the past, given the strength, actual and potential of the American economy, we can still provide a kind of indispensable element of leadership here,” he said.

RISMEDIA, September 30, 2009—Have you often avoided making those “dreaded cold calls?” Do you dream of how much better your business could be but just can’t  bring yourself to pick up the phone?  You’re not alone. In the 12+ years that I have specialized in coaching real estate agents, I have noticed the same avoidant patterns in each of my clients. This article gives you 5 tips to make the process of cold calling easier.  Tip 1: Change the name I’m not kidding.

John Butzko   Soaring Siesta Key condominium residences offer spectacular water vistas.Siesta Key has been bustling with activity for the past three months, according to Siesta Key office branch manager Debbie Judge. We are seeing buyers from all over the world take advantage of 2002 pricing, which is the last time we had a similar amount of inventory under $200,000. No matter what the price range, there are many options for buyers.

When I pointed to sharply lower values of units in the Ala Moana Hotel Condominium last week, I didn’t realize that similar issues have brought challenges across the country from unhappy purchasers. According to a story last month in the Wall Street Journal, “buyers from California to Florida are trying to use the courts to get their money back, arguing that condo-hotel developers violated securities laws when selling the units.” Access to the WSJ story may be restricted to subscribers only.

The S&P/Case-Shiller Home Price Index for Greater Boston has erased all of the declines it experienced in 2009 and is now higher than it was back in December 2008.   Standard and Poor’s announced today that the Boston Case-Shiller Index rose 1.2% in July 2009 to stand at 154.53.  The Boston Index was at 153.05 last December.  4 months of Metro Boston  home price increases July’s Boston Index reading marks the fourth straight month that Boston metro-area home values have risen.  How Massachusetts home sale prices perform over the next several months will tell whether the current rise in home sale prices is only a seasonal uptick or marks a true real estate market bottom in MA.

Here is this week’s Skinny on the Twin Cities real estate market from the Minneapolis Area Association of Realtors; “The Labor Day fluctuations came and went, and the Twin Cities housing market is better for it. Pending sales for the week ending September 13 rose dramatically to 1,043, which is 33.5 percent above last year’s total for the same week. We must assume that a healthy chunk of this buyer activity can be attributed to first-time home buyers taking advantage of the tax credit before it expires on November 30.

Home prices have begun their climb back up with credit given to the deadline creeping up for the first-time home-buyers tax credit.  Business Week reported the improving prices indicates a stabilization in the real estate market however prices are still down , Home prices increased 1.6% from June to July in the 20 metro markets tracked by the report, though they are still down 13.3% from a year ago. It was the third straight month of price increases for the 20-market average, as well as a narrower 10-city composite.

The three ports in the Tri-Cities area reported on the projects they have undertaken to help boost the economy of the Tri-City area recently.Officials from the Port of Kennewick, Port of Pasco, and the Port of Benton, who comprise the Tri-Ports, spoke to about 200 individuals about their parts in promotion of economic development and adding to the growing job market in the area.Discussion about the revamping of the Clover Island area, plus improvements at the Richland Manufacturing Mall, the

In a continuing multi-part series providing an in-depth look at the activities and successes of Lewis Pacific Partners and their affiliated entities as the preeminent player in area business and politics, we now look behind the scenes at the City of Rialto and its I-210 Corridor project, and coinciding political contributions to the city’s elected leaders. The I-210 Corridor Project is the conversion of the City of Rialto Airport and surrounding area into a sprawling multi-use development proposed by Lewis Investments, LLC, a Delaware Limited Liability Company.

Regulators shut down Atlanta-based Georgian Bank; total failed banks and thrifts in ’09 reach 95   U.S. regulators on Friday shuttered Georgian Bank of Atlanta. Georgian was one of the fastest-growing and most profitable banks of the state. But its significant exposure to home building industry miscarried as a result of ongoing housing market turmoil, particularly in its operating region. This takes the total number of failed federally insured banks and thrifts this year to 95, compared to 25 in 2008 and 3 in 2007.

Post Properties, Inc. ( PPS ), a real estate investment trust (REIT), has recently sold over 4 million common shares at $17.75 each. Although the equity financing provided the much-needed cash to repay some of its outstanding debt, the move could potentially dilute earnings.  Post Properties expects to raise net proceeds of $68 million, after deducting the underwriting discount and other expenses associated with the public offering.

Developers Diversified Realty Corporation ( DDR ), a real estate investment trust (REIT), has recently offered $300 million of senior unsecured notes scheduled to mature in 2016, at a price of 99.42% with a yield to maturity of 9.75%.  Developers Diversified expects to raise net proceeds of approximately $295 million, after deducting underwriting discounts and other expenses related to the offering.

September 29, 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.