Posts about Real Estate Market Reports as of October 29, 2009

by Emily Gunning Recent data shows that about 50% of all Las Vegas area homeowners owe more on their mortgage than their house is worth. This has resulted in a large amount of short-sale listings on the market. Short sales are not easy. They require much more experience and dedication than a typical real estate deal. That is why so many are unsuccessful, and why you truly need a knowledgeable agent to help you in this process. As Las Vegas Realtors and certified short-sale specialists, Sean & Emily Gunning can offer you: 1.

By: MultifamilyBiz StaffOctober 28, 2009 – HOUSTON, TX – Movoto.com is reporting that housing prices in Houston have risen significantly in 2009, despite the alarming nation-wide increase in the unemployment rate. The national rate of unemployment reached 9.8% in September 2009. Although the cities of both Houston and Dallas have a lower unemployment rate than the national average, each city has still seen a continuous increase throughout 2009 to approximately 8.1% by the end of September 2009.

October 28, 2009 -HOUSTON, Oct 28, 2009 /PRNewswire via COMTEX/ —-Movoto.com is reporting that housing prices in Houston have risen significantly in 2009, despite the alarming nation-wide increase in the unemployment rate. The national rate of unemployment reached 9.8% in September 2009. Although the cities of both Houston and Dallas have a lower unemployment rate than the national average, each city has still seen a continuous increase throughout 2009 to approximately 8.1% by the end of September 2009.

Some days, newspaper headlines are a terrible place to get your real estate news. Today is one of those days. After the September New Home Sales report showed sales volume down from August, the mainstream media jumped on the story: New Home Sales fall a surprising 3.6% Surprise Drop In New Home Sales Stocks slide as New Home Sales fall But the headlines miss the point, somewhat. Yes, home sales volume is important to housing, but it’s not as important as home supply .

PennyOmega.com Hot Stock News & Alerts! ________________________________________ FREE Daily Stock Alerts From PennyOmega.com ________________________________________ Thursday October 29, 2009 PennyOmega.com Stock Report! ************************************************************** Consorteum Holdings Inc. (OTCBB: CSRH) announced that it has proceeded to launch its consumer stored value rebate card.

Dr Stock Pick HOT News & Alerts ! _______________________________________ FREE Daily Stock Alerts From DrStockPick.com _______________________________________ Thursday October 29, 2009 DrStockPick.com Stock Report! ************************************************************** Consorteum Holdings Inc. (OTCBB: CSRH) announced that it has proceeded to launch its consumer stored value rebate card.

Dr Stock Pick HOT News & Alerts ! _______________________________________ FREE Daily Stock Alerts From DrStockPick.com _______________________________________ Thursday October 29, 2009 DrStockPick.com Stock Report! ************************************************************** Consorteum Holdings Inc. (OTCBB: CSRH) announced that it has proceeded to launch its consumer stored value rebate card.

E*Trade Financial (Nasdaq: ETFC): Why This Company’s Takeover Prospects Keep Improving by Louis Basenese , Small Cap and Special Situations Expert Thursday, October 29, 2009: Issue #1126 Just over a month ago, I pegged E*Trade Financial (Nasdaq: ETFC ) as a takeover target. However, after reviewing the company’s most recent results, you might consider my prediction laughable… On Tuesday, E*Trade reported its ninth straight quarterly loss. And this one was a doozie.

By: Tonie Auer, Contributing CorrespondentOct 22, 2009 – Good news in the commercial real estate world seems to be in short supply these days. In a study released earlier this week by Fitch Ratings, they’re indicating that losses will increase this year and next for the U.S. CMBS.With U.S. CMBS servicers needing more time to resolve delinquent loans combined with market value declines, loss severities are expected to rise markedly. More than three-fourths (78 percent) of loan resolutions resulted in no losses to the trust last year.

To the right is a chart showing the homes sold in Yolo County each month from January through September 2009. Each month you can view the real estate stats for homes for sale, homes in pending sale and homes sold by simply clicking on Neighborhood/County Market Statistics . This chart includes all of the cities and neighborhood in Yolo County, they are as follows: Capay Valley, Clarksburg, Davis, Dunnigan, Knights Landing/Robbins, Madison/Esparto, Springlake, West Sacramento, Wild Wings,  Winters, Woodland, Yolo and Zamora.

Wisconsin Energy Posts Third Quarter and Nine-Month Results MILWAUKEE, Oct. 29 /PRNewswire-FirstCall/ — Wisconsin Energy (NYSE:WEC) today reported net income from continuing operations of $59 million or 50 cents a share for the third quarter of 2009. This compares with net income from continuing operations of $77 million or 64 cents a share in the third quarter last year. For the first nine months of 2009, net income from continuing operations reached $264 million or $2.24 a share.

For Immediate Release Chicago, IL – October 29, 2009 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Beazer ( BZH ), Lennar ( LEN ), Fannie Mae ( FNM ), Freddie Mac ( FRE ) and WellPoint, Inc. ( WLP ).

By Dees Stribling, Contributing EditorOctober 21, 2009 – The U.S. housing market might not be quite as deathly ill as it was a year ago, but no one is suggesting–to stretch the health metaphor–that it will get up and run a marathon any time soon. In fact, the industry is wheezing and gasping a little at the thought of the looming expiration of the $8,000 first-timer tax credit, so plans have been hatched in Congress to keep the credit in place.Thus far, about 1.8 million homebuyers have taken advantage of the credit, according estimates by the National Association of Realtors.

Marc Faber on Bloomberg Television Risky Cash Cash as Risky as Commodities Equities and Real Estate Marc Faber on Bloomberg News 26 Oct 2009 .Analysis and discussion with Editor and Publisher of Gloom, Boom and Doom Report Marc Faber; To hold cash today is a risky as holding equities, commodities or real estate; Weak U.S. dollar is a symptom of inflation.

——————————————————————————– ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is solely responsible for the content of this announcement. ——————————————————————————– Formal supplement to the half year report 2009 pursuant to sec. 87/(1)/3 of the Austrian Stock Exchange Act 29.10.2009 Formal supplement to the half year report 2009 pursuant to sec. 87/(1)/3 of the Austrian Stock Exchange Act Jersey, 29 October 2009.

E very time I do a Tallahassee neighborhood report featuring Piney-Z, it seems like my comments and email go from positive to negative. I have even been accused of “bashing” the Piney Z Subdivision (as if I hold a grudge against a community???). Certainly, that is not the case. Piney Z is a very desirable neighborhood located in Northeast Tallahassee, with home prices about 20% above the median for our county.  I try to do regularly updates for many of the more active neighborhoods in Tallahassee, and Piney Z falls into this category.

By Don Miller Associate Editor Money Morning Two key members of President Barack Obama’s economic team were part of a group of financial heavyweights that in the late 1990s helped to kill regulatory reform that might have limited the impact of the 2008 financial meltdown.  Now, as the administration’s primary proponents of free markets, they are again subverting efforts to tightly regulate trading activities and break up investment banks that are “too big to fail.”    According to a

Let’s say you want to do consumer credit repair. Lenders will be looking at five areas. Those factors all start with C: character, capacity, capital, collateral and conditions. Character Lenders need to know how well they can trust you. That’s what they mean by character. A personal relationship with a lender is great. Otherwise it’s usually up to your credit report. Late payments don’t show good character for example. Your credit report will show 30, 60 and 90 day delinquencies.

Some days, newspaper headlines are a terrible place to get your real estate news. Today is one of those days. After the September New Home Sales report showed sales volume down from August, the mainstream media jumped on the story: New Home Sales fall a surprising 3.6% Surprise Drop In New Home Sales Stocks slide as New Home Sales fall But the headlines miss the point, somewhat.  Yes, home sales volume is important to housing, but it’s not as important as home supply .

The housing market and manufacturing output are showing signs of stabilization or improvement in many parts of the country, but consumer spending and hiring isn’t budging, according to reports by the Labor Department and Federal Reserve released Wednesday. “You are in that period where the recession is over but you don’t have job growth. And until we get job growth, nobody is going to believe the recession is over,” John Canally, an economist for LPL Financial in Boston, said in a Wall Street Journal article.

The Q/3 2009 Completed Sales Report for Atherton Single-Family Homes saw a closing of 27 sales receiving 93.40% of list price . These closings represented a median price of $2,750,000 and an average price of $3,442,429. There were 35 new listings reported reported for Q/3. Total Sales: $92,945,600 The Q/3 2009 Completed Sales Report for Los Altos Hills Single-Family Homes saw a closing of 19 sales receiving 92.69% of list price .

A unique energy program is going to be utilized in Wellesley MA, focussing on energy consumption and how to cut back There are six Massachusetts towns participating in piloting an energy efficiency initiative and Wellesley, MA is one of them.  The program is unique, using software aimed at pointing out how much energy is being consumed and subsequently where energy can be conserved.  According to a report on BusinessWire.com , “Participants receive detailed real-time information on how much electricity is being used and how much it costs.

Global Sources scheduled to report third quarter 2009 results on November 12, 2009NEW YORK, Oct. 29 /PRNewswire-Asia-FirstCall/ — Global Sources Ltd. (NASDAQ:GSOL) expects to release results for the third quarter 2009 before the market opens on November 12, 2009.(Logo: http://www.newscom.com/cgi-bin/prnh/20030303/LNM011LOGO-b )Chairman and CEO Merle A. Hinrichs and CFO David Gillan are scheduled to conduct a conference call at 8:00 a.m. ET on November 12, 2009 (9:00 p.m.

“Hey dude, I have a question for you.” “Okay.” “Why so serious? I mean, all you do every day is write about the worst-case scenario. It’s depressing. Who died and made you the harbinger of financial doom? How about something positive for a change?” “Is that code for, ‘buy me another beer?’” “No, seriously. It’s not all bad all the time is it?” We’ll tell you how we answered our friend’s question below. But first up, the markets. It was another red day in New York, with Dow stocks down over one percent.

From CNN By Chris IsidoreEconomists are forecasting that GDP grew at a 3.2% clip in the third quarter. That sounds impressive — but it may not be a sign that a robust rebound is underway.The economy may get a good report card Thursday for the first time in a long time.Economists are forecasting that the gross domestic product, the broadest measure of the nation’s economic activity, rose at an annual rate of 3.2% in the third quarter. If they’re right, it will end a streak of four quarters of the most severe U.S.

Help, I can’t breathe! Pieces of poor squished roll cake is crying. This is not a good signal for Seiyu who suffered from low performance for years. According to the report , they have been reporting losses for 7 years. I think squished roll cake is a bad signal. Japanese customer are usually very demanding and prefer clean shelves. Japanese employees share this belief system. Usually it is true. However, here in Seiyu nobody cares about it anymore.

Dear CIGAs, Don’t worry. Everything is going to be as we anticipated it.   Jim Sinclair’s Commentary The recent new derivative regulations exempt those large dealers that claim the status as hedgers. I suspect the Saudis drop of West Texas Intermediate as the measure of price is a step away from the huge US interest that with the use of highly sophisticated computer programs and infinite finance are able to adjust the price of world energy. Any move away is an effort to untangle that relationship.

House prices continue to rise House prices have continued to rise, growing at their fastest pace since 2003, a report shows. According to a report by real estate analysts Australian Property Monitors (APM), house prices grew 3.7 percent in the three months to September, and 7.1 percent since January 2009. The increase was spurred on by a strong growth in capital city house prices across the country. According to Matthew Bell, an economist at APM, the growth has expanded beyond cheaper homes and units for first homebuyers, and has reached the top end of the housing market.

No Surprise There: Dems Consider Enslaving Health Care More Important Than Afghan War – patdollard.com 10/28/2009 Washington Examiner:Twice as many Democrats say health care reform should be President Obama’s top priority as say the wars in Afghanistan and Iraq should be his top concern, according to a new Gallup poll.Gallup asked people this question: “Which of the following should be Barack Obama’s top priority as president — the economy, health care, the situations in Iraq and Afghanistan,

If you’re a homeowner who has to sell your house at a loss (a short sale), you need to protect yourself with this information! These tips about short sales are from Ethan Ewing, president of Bills.com. “Many home owners are putting off a sale until prices recover. But some owners must sell at a loss,” says Ewing. “Selling a home for less than the debt on the loan — called a ’short sale’ — is not desirable, but sometimes it’s necessary for those who face major financial hardship.” If you’re facing a short sale and want more info, click The Realtor and Home Owner’s Guide to Short Sales: Step by Step .

In distinct contrast to the existing home sales report last week, new home sales were ugly in September, falling 3.6% for the month and down 7.8% year over year. The seasonally adjusted annual rate in September was 402.000 down from 417,000 in August, which was revised down from the originally reported 429,000. This came in well below consensus expectations of 440,000. The good news in the report was that inventories also continued to decline, to 251,000 from 261,000 in August (down 3.8%) and from 395,000 a year ago (down 36.5%).

New Census Reveals Decline in Greater Los Angeles Homelessness LOS ANGELES, Oct. 28 /PRNewswire/ — On any given night, an estimated 43,000 people are homeless in Los Angeles’ Continuum of Care, according to the 2009 Greater Los Angeles Homeless Report (HC09), released today by the Los Angeles Homeless Services Authority (LAHSA). The number of homeless people in Los Angeles, while still the highest in the nation, represents an estimated 38% decrease from 2007.

RISMEDIA, October 29, 2009—Are you letting life happen? Or are you actively creating your own success? In order to create your own success, you must first  have a solid foundation upon which to build.  Here are seven tips you can use to actively create your own success:  Tip 1: Build a strong foundation. What do I mean by a strong foundation? Would you consider putting a roof on a house unless it had a strong foundation? Of course not.

Credit Repair Really Matters Never before has your credit score been so important. And never has credit repair offered such dramatic financial benefits. There was a time, not long ago, when it was enough to pay your bills on time. Lenders would glance at your credit report, and if it looked okay you would be approved. And the interest rate you would receive would be the same as all of the other candidates that were approved.

DST Systems Inc. ( DST ) reported earnings of 83 cents per share in the third quarter, missing the Zacks Consensus Estimate of 95 cents per share.  Revenue   Total revenues for the quarter were $551.7 million, down 1.6% from $560.4 million in the year-ago quarter. Excluding reimbursements, operating revenues came in at $395.6 million, down 4.5% from $414.2 million in the year-ago quarter.

Afternoon Edition is an Open Thread
31 Story Final.
From Yahoo News Top Stories 1 UN staff killed in bloody countdown to Afghan vote
by Sardar Ahmad, AFP
32 mins ago
KABUL (AFP) – Taliban gunmen stormed a UN guesthouse in Kabul on Wednesday, killing at least eight people in a suicide attack as the Islamist militia signalled a bloody countdown to new Afghan elections next week.
President Hamid Karzai ordered an urgent security upgrade for international

Even including the attempts by the government to slow down foreclosures through programs aimed at modifying the terms of loans, mortgage defaults continue to grow, according to a report from, RealtyTrac, a real estate data company. “Rising unemployment and a new variety of mortgage resets continue to gradually shift the nation’s foreclosure epicenters in the third quarter away from the hot spots of the last two years and toward some metro areas that had avoided the brunt of the first foreclosure wave,” said James J.

Pacific Business News is reporting that Honolulu’s foreclosure rate is up as compared to last year. “Honolulu ranked 133rd for foreclosure filings of the top 203 metropolitan areas, according to RealtyTrac ’s Q3 2009 U.S. Foreclosure Market Report. Honolulu had a total of 1,186 foreclosures, or one filing for every 282 households, up 24.8 percent from second quarter 2009 and up 85.8 percent from third quarter 2008.” CLICK HERE TO READ THE PBN ARTICLE Given that this places Honolulu

 A National Disconnect Continues… and its here too in South Lake Tahoe to some extent, but the forces are opposite.  We find this Wall Street Journal article interesting, yet it comes with no surprise. The main thrust of it is what we all know: rising unemployment continues to weigh on the housing market, even thought there are signs of both economic recovery and rising home prices in some parts of the country. Lets look at the main points in the article, then we’ll look at current South Lake Tahoe market reality from that perspective.

Months Supply of Inventory/Absorption Rate: *Lower Merion Township, Radnor Township and Willistown Township  have earned two Mops for their Months Supply of Inventory and Days on Market for September 2009 as compared to September 2007. Of course the market will look a lot healthier when the volume of Sold and Under Contract transactions begins to move in a more positive direction.

Since October 19th, six single family houses were introduced and eight sold.  As of October 26th, there are 178 houses remaining for sale.  It continues to be a relatively strong fall market, particularly for well-priced properties priced under $1M. Si ngle Family Activity New Since 10/19 Sold* Since 10/19 Remaining as of 10/26 0 0 16 $ 600,000 – $ 800,000 2 2 27 $ 800,000 – $1,000,000 0 1

Of the many issues that I have been warning about concerning banks, their balance sheets and the risks that they take, one of the (and there are a few) most underappreciated is the currency risk of the “mother of all carry trades”. See Roubini Not Alone in Fearing Dollar Carry Trade and Roubini Sees `Huge’ Asset Bubbles Growing in `Mother of All Carry Trades’. Investors worldwide are borrowing dollars to buy assets including equities and commodities, fueling “huge” bubbles that may spark another financial crisis, said New York University professor Nouriel Roubini.

Stocks and exchange traded funds (ETFs) sank into negative territory this morning as a disappointing report about the real estate sector emerged. New home sales had an unexpected 3.6% drop in September. Waning effects from the government’s tax credit for first-time homebuyers are being…

Of the many issues that I have been warning about concerning banks, their balance sheets and the risks that they take, one of the (and there are a few) most underappreciated is the currency risk of the “mother of all carry trades”. See Roubini Not Alone in Fearing Dollar Carry Trade and Roubini Sees `Huge’ Asset Bubbles Growing in `Mother of All Carry Trades’. Investors worldwide are borrowing dollars to buy assets including equities and commodities, fueling “huge” bubbles that may spark another financial crisis, said New York University professor Nouriel Roubini.

October 28th, 2009 Goto commentsLeave a comment “The Commerce Department has just shown a report that new home sales for the month of September turned south.  This may increase the call for that first time home buyer $8,000.00 tax credit, but it also highlights that housing prices are not going to rocket higher and highlights just how sensitive the home-buyer sector of the economy is with or without a tax handout.  The report came in at 402,000 annualized units, down from the 417,000 annualized

Total delinquencies for first-lien residential mortgages grew to an estimated 11% during Q309, according a report from California-based real estate market consulting firm Foresight Analytics. The final figures for the third quarter are not due until the end of November, but Foresight’s report bases its data on earnings reports and call report filings from banks. Residential delinquencies [...]

Jones Lang LaSalle Inc. ( JLL ) reported third quarter earnings of 61 cents per share, which were above the Zacks Consensus Estimate by a penny. The company earned 66 cents per share in the year-ago quarter. Revenues for the quarter came in at $595.3 million compared to $677.08 million recorded in the year-ago quarter. Jones Lang divides its business into two primary segments: Investor and Occupier Services (IOS) and Investment Management (IM).

Griffin GA Homes: 1204 Knowles Aly, Griffin GA in the The Meadows subdivision, closed on January 7, 2008. It was most recently listed at $285,000 and sold for $260,000 (per Spalding tax records). This home has 2,844 square feet and 5 bedrooms, 3 full baths and 0 half baths. The original list price of this home was $285,000 and was listed on June 11, 2007. This property was on the market for 192 days.

Griffin GA Homes: 1144 Sage Dr, Griffin GA in the The Meadows subdivision, closed on March 16, 2007. It was most recently listed at $285,000 and sold for $285,000 (per Spalding tax records). This home has 2,335 square feet and 5 bedrooms, 3 full baths and 0 half baths. The original list price of this home was $285,000 and was listed on January 5, 2007. This property was on the market for 52 days.