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Action To Minimise Foreclosures
2008-06-16 07:34:00 It has been two years since the property bubble burst but foreclosures continue to be on the rise. Analysts expect the real estate market to rebound eventually but the end of the road still seems far away. While foreclosures are affecting the economy everywhere, some states have had it particularly bad. States like California, Florida ...
Foreclosure Sales Catching Up With Home Sales
2008-06-11 12:01:00 The Warren Group, a Boston real estate tracker, has recently come up with figures that point to an alarming situation in some Bay state cities. Figures cited by the group show that foreclosure sales are now posing a challenge to home sales in these areas. The housing crisis is particularly acute in hard hit areas ...
The state of the real estate market in Southern Westchester
2008-06-11 04:26:00 6:28 AM - Mar. 25, 2008 - comments {0} - post comment View more entries tagged with: Real Estate Westchester Ny Prices Trends Houses Condos June 2008 State of the Real Estate Market in Southern Westchester November 2007-May 2008 Towns of Harrison, Mamaroneck (including Larchmont), Rye, New Rochelle and Pelham In Westchester County, New York The market prices have reached a plateau but remain firm, near their all-time peak of 2006. The overall number of transactions is relatively low although condo sales are as high as ever. Number of transactions and average prices for latest 6-month period Comparison for same November-May periods in previous years Single Family Homes Condos Transactions Average Price Transactions Average Price # $'000 ...
Through The Looking Glass: A Future Look at the Real Estate Marketplace.
2008-06-09 15:15:00 One of the questions I hear over and over is “when will the real estate market return to normal?” There were so many newcomers investing in real estate that have no historical perspective of the market. So many things occurred that had never been seen before. People lacking in experience did not realize that this wasn?t normal. They sit on the sidelines waiting for conditions to return to the way that they were before the bubble burst. News Flash: It Ain?t Happening! It seems that during the high-flying days of the real estate boom novice investors were a lot like Alice In Wonderland. They went through the looking glass into a bizarre world of an altered reality where the normal rules of economics didn?t apply. These neophytes jumped in with both feet and paid a heavy price when reality returned to bite them. The Fallacy of Easy Money A frequent question is “when will lenders start making $0 down payment loans again?” The answer: hopefull...
Bankers Predict An Improvement In The Real Estate Market
2008-06-09 14:12:00 A private financial conference held in London last week saw bankers from the USA airing their views on the present housing and mortgage situation. Some of the top executives of American banks presented their forecasts and offered the audience a perspective into the inside world of real estate forecasts. On the whole the bankers were ...
The Real Estate Market Seems to be Improving in Los Gatos
2008-06-09 07:45:00 One of the benchmarks realty professionals use in determining the answer to the ever-present question of "how's the market?" is the absorption rate, or months (or days or weeks) of inventory. The question is this: if no new inventory were to come on the market, how long would it take for the current number of listings to be absorbed by buyers? A look at the single family home situation in the town of Los Gatos reveals an improvement over recent months. Is it possible that we're near the bottom of the market? Maybe. This graph presents broad strokes in a market comprised of many micro-markets. What is happening in Blossom Manor may not be the same thing happening in the Edelen District or what's going up in the Aztec or Maya areas, in the Sierra Azule section of town or Belwood or Bicknell Road areas. The home offered at $950,000 in the Union School District is not really "the same market" as one worth $2 million with Los Gatos schools - th...
Home Buyers like Condos: Market Update May
2008-06-06 17:02:00 As opposed to last month, the median price of a condo in Sacramento county jumped 12.6% to reach $153,000 in May. 114 condos sold, an improvement over last month's 100 and 150 condos went into escrow in May - better sales all around and better prices to go with them!136 new condo listings came on the market, lower than last month's 154.Want more good news? Okay. There are 622 condos for sale in Sacramento county, which brings inventory down further than last month, to sit at 5.45 months.
Toronto Agents Sales Drop 16% in May
2008-06-06 14:23:00 According to a recent Toronto Star article, real estate agent sales dropped 16% in May. This is the 5th month in a row that existing home sales have dropped in the Greater Toronto Area. To add to this news, new listings increased 15% in May. New listings, plus a drop in sales, signifies a change ...
By: ByTheOwner blog
Richland, Kennewick, & Pasco Job Growth Fuels Real Estate Market
2008-06-06 01:16:00 Job growth in the Tri-Cities has increased by 25 percent over last decade Tri-Cities' job growth ranks fifth in nation The U.S. Bureau of Labor Statistics says the Tri-Cities is fifth in the nation among metropolitan areas for the greatest percentage of growth in nonfarm jobs over a year. Tri-City jobs climbed 4.3 percent since last April. According to Dean Schau, regional labor market economist, the number of jobs in the Tri-Cities has grown by 25 percent since 1997. During this same period, the area's annual payroll also has nearly doubled. POLICOM Corporation just released their 2008 Metropolitan Statistical Areas Economic Strength Ranking and the Tri-Cities MSA now ranks #137 out of 363 Metro Areas--moving up 38 spots from last year's ranking. The report ranked Spokane at #151 and Yakima ranked #318 on POLICOM's list. Since 2004, the Tri-Cities MSA has steadily moved up the rankings by 131 spots. "Each year, POLICOM Corporation ...
Las Vegas Real Estate Market Report: 6/4/08
2008-06-06 00:00:00 Las Vegas Real Estate Market Report: 6/4/08 This is the latest Las Vegas Real Estate Market Report from www.NARREIA.com (
Sacramento Market Update: Single Family Homes in May
2008-06-05 16:41:00 Days on market fell for the first time in months! We are down to 54 days on market for the average house sold in Sacramento county. Median price has remained fairly stable - down slightly from last month's $235,000. April was at $230,000.1594 homes sold in the month of May and 1995 new listings came on the market. The real surprise? 3621 homes went pending sale in the month of May - that is almost twice the amount of homes than went pending in April!There are currently 8135 houses on the active market, inventory sits at 5.1 months.Tomorrow: condo market.
Real Estate Market in Mumbai Hit by a Slowdown
2008-06-05 08:17:00 Mumbai?s realty market, which in recent years witnessed an astronomical price increase bringing it in the league of the worlds most expensive cites, is finally taking a beating. Property sales that have been growing at a clip of about 20% every year have plummeted by 17% in 2007-08, the first time in six years. Though the ...
Sacramento Real Estate Market Update Coming Tomorrow!
2008-06-05 04:29:00 Yes, it's finally the fifth of the month! So watch tomorrow for an exciting update on the Sacramento county market. From what I've been hearing and seeing, sales are up and the Sacramento real estate market as a whole seems to be recovering. Check back tomorrow!
The Outlook for Sacramento Real Estate is on the upswing.
2008-06-04 18:40:00 As you can see by the chart to the right, the home sales of residential houses from January 2008 through May 2008 has steadily risen. Homes are selling in the Sacramento County area and Real Estate is alive and recovering. The numbers don?t lie and these are just the single family homes depicted in the aboveSHARETHIS.addEntry({ title: "The Outlook for Sacramento Real Estate is on the upswing.", url: "http://sacramentorealestatevoi-ce.com/2008/06/04/the-outlook-f-or-sacramento-real-estate-is-on--the-upswing/" });
4 signs of changing real estate market
2008-06-04 15:23:00 When you are looking for a house to buy, watching the real estate market helps to understand who has more power at the moment, buyers or sellers. But how can you really watch the market? It is simple ? watch the ads in one of the popular real-estate websites, such as ...
Fastest Growing Canadian Companies - ByTheOwner Ranks Again!
2008-06-03 16:06:00 ByTheOwner.com is proud to announce that, for the second year in a row, we have been ranked as one of Canada’s Fastest Growing Canadian Companies! In this year’s edition, we ranked at #111 on Canadian Business Magazine’s Top Fastest Growing Companies! Canadian Business is Canada’s top magazine for news, opinion and community information for business leaders, ...
By: ByTheOwner blog
Real Estate Agents Cost Even More?
2008-06-03 15:44:00 How much does using an agent cost? Real Estate agents charge anywhere from 4-7% commission, plus GST. That can amount to a lot of money. But wait?the news gets worse? There is no tax to pay on the increase in value of your primary residence when you sell. For example, if you buy your home ...
By: ByTheOwner blog
Phoenix Real Estate Market Update - #5
2008-06-02 05:25:00 There are currently 37,378 single family homes for sale, down by 888 from last week. There are 5143 sales currently pending, down by 368 from last week. And 4150 homes closed escrow in the last 30 days, down by 4 from last week. Broader Maricopa County is now at 9 months of inventory, based on ...SHARETHIS.addEntry({ title: "Phoenix Real Estate Market Update - #5", url: "http://www.realphoenixliving.c-om/2008/06/01/phoenix-real-esta-te-market-update-5/" });
Pensacola Real Estate Market Weekly Update For Week Ending May 17, 2008
2008-06-02 03:50:00 Weekly Update For Residential Listings In Escambia and Santa Rosa Counties  Here is another weekly Pensacola real estate market report. This one covers the week of May 11-17. The Pensacola real estate market is not looking any brighter based on these numbers. We see the number of active listings creeping up. As of May 30th, it was up to 6546. Everything else looks pretty standard for this buyer’s market. I keep wondering when buyers are going to recognize the incredible deals that are available out there right now. It will probably be once the market starts moving up again, and then you will hear everyone lamenting that they didn’t buy when the market was at its lowest.  - The table shows the weekly market data for Pensacola residential property. - These numbers include only residential homes and condominiums in Escambia and Santa Rosa Counties that are listed in the Pensacola MLS. - They do not include vacant land or lots, mobile homes or manufactured homes ...
St. Louis Real Estate-Market Watch May 31st, 2008
2008-06-02 02:35:00 St. Louis Real Estate Market Watch by Art Wagner @ Keller Williams Realty Southwest, Sunset Hills, Mo.May 31st, 2008The 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
Celebration Real Estate Market Update for 2008
2008-05-30 18:02:00 The real estate market in zip code 34747 commonly known as Celebration, FL seems to be mirroring the trends throughout Central Florida with the number of sales steadily increasing. In fact, the number of sales in Celebration has increased for 5 straight month and 20 more sales took place than this time last year. The average ...
Sold in 2 Days With an Open House!!!
2008-05-30 01:53:00 Our Open house success stories continue! The most recent is from Scarborough Ontario: Owner’s testimony Wow! I can’t believe we helped our mother sell her house on the very first day we had our open house…that’s only less than 2 days after posting our listing on ByTheOwner.com!! The open house was a success, people were attracted to ...
By: ByTheOwner blog
How?s the Real Estate Market?
2008-05-29 08:17:00 How’s the real estate market? Depends on who you ask or what you read. You don’t have to look far to find bad news. I pass by most of the articles written by mainstream media. They are all about sensationalism and beating a dead horse! One such report this week indicates homes across the nation have lost SHARETHIS.addEntry({ title: "How’s the Real Estate Market?", url: "http://indyrealestatetalk.com/-hows-the-real-estate-market/" });
Tucson Real Estate Market Trend Snapshot
2008-05-29 04:48:00 This will give you a quick and easy glance at what is happening so far this year in the Tucson Real Estate Market.
Las Vegas Real Estate Market Report: 5/28/08
2008-05-29 00:00:00 Las Vegas Real Estate Market Report: 5/28/08 This is the latest Las Vegas Real Estate Market Report from www.NARREIA.com (
Real Estate Market in Ocoee Making Headway Towards a Balanced Market
2008-05-26 18:08:00 The real estate market for 2008 in the zip code 34761 commonly known as the city of Ocoee looks to be coming into a balance with the average price of homes sold which stands at $277,000 and average price of homes for sale currently standing at $280,000 nearly identical. Sellers are becoming realistic about expectations ...
Albuquerque, New Mexico Real Estate Market Trends
2008-05-26 11:17:00 Albuquerque, New Mexico Real Estate In our community, not unlike many others, we have seen transactions affected by recent higher loan-to-value ratio requirements resulting from falling and lower sales prices. Good News Beginning June 1, Fannie Mae and Freddie Mac will no longer require borrowers to provide an extra 5 percent down payment when purchasing homes in areas deemed "declining markets" because prices are falling. Thanks to the National Association of REALTORS® who protested the declining-markets policy, the giants of the secondary loan market agreed to abandon it. under the the new policy, borrowers can get loans up to 95 percent loan-to-value even in markets in which prices have been falling. Before the change, borrowers suddenly found they could only get loans up to 90 percent of the price of the property because lenders were requiring a 5-percentage-point cushion to protect against possible future price declines. Many ...
Indianapolis Real Estate Market Updates
2008-05-26 05:28:00 Tracking data and statistics for the real estate market in Indianapolis and the surrounding cities I work can often be a challenge. I have tried several different formats using data from our local Board of Realtors. I have recently added market data graphs and statistics provided by Altos Research. I love numbers and statistics! The people at Altos ...SHARETHIS.addEntry({ title: "Indianapolis Real Estate Market Updates", url: "http://indyrealestatetalk.com/-indianapolis-real-estate-market--updates/" });
Phoenix Real Estate Market Update - #4
2008-05-26 04:21:00 There are currently 38,266 single family homes for sale, down by 32 from last week. There are 5511 sales currently pending, up by 172 from last week. And 4154 homes closed escrow in the last 30 days, up by 103 from last week. Broader Maricopa County is now at 9.2 months of inventory, based on ...SHARETHIS.addEntry({ title: "Phoenix Real Estate Market Update - #4", url: "http://www.realphoenixliving.c-om/2008/05/25/phoenix-real-esta-te-market-update-4-2/" });
St. Louis Real Estate-Market Watch May 24th, 2008
2008-05-26 00:03:00 St. Louis Real Estate Market Watch by Art Wagner @ Keller Williams Realty Southwest, Sunset Hills, Mo.May 24th, 2008The 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 ...
New York City Real Estate Market Starts the Second Quarter off with a Solid
2008-05-25 23:26:00 Despite the predictions of many, Manhattan real estate increased in value dramatically during the first quarter of 2008. Led by the luxury market's huge increase in value, Manhattan led the way for the rest of New York City, which increased its value by an estimated 28%. A number of important new Manhattan condo developments came onto the market during the first quarter of the year, and their sales have continued to power the market, even as the national business media focuses on the poor state of the national economy. Indeed, the lesson of the first quarter is an important one: Events not closely tied to the business cycle - in this case, a number of luxury condominiums coming onto the market when worries about a recession began to amount - these events can prop up markets at crucial times, leading to a disproportionately positive impact on the market as a whole. Some observers have been holding out hope for a similar set of unexpected positive news fo...
May 2008- Romanian Real Estate Market Evolution
2008-05-24 20:02:00 CBRE Eurisko study: Romania real estate market stagnates. 2008 started with 20% price falls Household prices will increase with only 5 to 15% this year, as compared to 50% in 2007. 2008 brought about land price decreases of up to 20% in several areas in Bucharest. Experts forecast that this is the first year in which, in several areas prices will either fall or stagnate. Office rentals will also stagnate in 2008 and after 2009-2010, prices in the sector might fall. CBRE Eurisko Evaluation department manager Adrian Nicolescu declared that starting with 2007, the real estate sector in Romania showed signs of stagnation and for some sectors, even a decrease in prices. CBRE Eurisko experts argue that land prices started to decrease at a steady pace and land owners even consider selling them now when prices are still high. Nicolescu added that for 2008, experts estimate that unless prices fall, then at least they will stagnate. When it...
Austin Real Estate Market - April 2008 Sales Update
2008-05-24 00:00:00 The Austin real estate market average sales values fell in April 2008 compared to the year before, yet there remain many areas in Austin with strong sales. The average sales price of an Austin home in April 2008 is $245,483. Last year in April it was $254,846. That's a price ...
OPEN HOUSE WEEKEND: Get Ready for Great Weather!
2008-05-23 20:52:00 After a wet and cold long weekend, we can look forward to sunny skies and warm weather this weekend. Sunny weather brings out lots of buyers! Click here to check the weather is your area: Local Weather Currently there are more than 350 open houses scheduled for this weekend! Toronto leads the way with 54 OPEN ...
By: ByTheOwner blog
Foreclosure And Its Effect On Non-Foreclosure Homes
2008-05-23 16:56:00 Just Surfing for Foreclosure Information As I was surfing the Net looking for foreclosure information, I stumbled across a study titled: HOUSING POLICY DEBATE VOLUME 17 ISSUE 1 NOTE: The study is copyrighted by the Fannie Mae Foundation. One of the co-authors, Geoff Smith, is a vice president at the Woodstock Institute, a policy group in Chicago. This study was conducted in Chicago between 1998 and 1999. Foreclosure Study Findings The study found that each foreclosure within an eighth of a mile of a single-family home results in a 0.9% decline in the home’s value. Smith is of the opinion that “If you were to replicate that study now, you’d probably find a bigger impact because there are more foreclosures and they’re bringing down the housing market overall.” Since I am only familiar with the real estate market in a small geographic area, my first inclination is to agree with him. After all, foreclosed homes often fall victim to neglect and vandalis...
How did the Brampton real estate market do in April 2008?
2008-05-23 03:44:00 Here are the latest numbers for the real estate market in Brampton for April 2008. Sales remain moderate throughout the GTA, but prices are still steadily rising. April 2008 In April of 2008, Brampton had 2477 active listings on the market, 1857 of which were new listings. There were 852 recorded sales in this month. Here is ...
Real Estate Market Statistics May 2008 - Local
2008-05-22 22:40:00 Okay… it’s that time again. Here are your Real Estate Market Statistics and Indicators for May 2008 . With our new (and long… long… long… awaited) website redesign almost done we’re changing the way the content published on our site and blog. So, from here on out… the "meaty" content will be a part of our ...
Dothan Real Estate Market - May Inventory Report
2008-05-22 21:30:00 Yes, I realize this report is about a week or so late. Fortunately, there are a good number of people buying and selling houses right now in Dothan, so we are swamped. So, apologies for being late and here is this month?s inventory report. Inventory Inventory was up just over 5% in April to 968 single family ...
Foreclosures: Impact on Real Estate Market May Not be as Severe as Expected
2008-05-22 17:03:00 Great Article from www.behindthemortgage.com and Report that validates our belief of how the media has an enormous impact on the perception of the market.We're talking about foreclosures and short-sales folks, or, as a new report from the Minneapolis Area Association of Realtors terms it: Lender-Mediated Sales.Jeff Allen, research director at the MAAR and Aaron Dickinson, Edina Realty agent are responsible for this tight little report, entitled "Foreclosures and Short Sales in the Twin Cities Market" which gets to the heart of some questions that have been on a lot of minds lately. Chief among them: Just how much of the current market activity is foreclosure/short sale related, and what are the broader impacts? The report itself confirms a fact that many of us tracking the issue anecdotally have suspected: Almost 30% of closed sales (Q1 2008 - see graphic above) are/were in some stage of foreclosure or other "lender-mediated" status, such as a short sale. One surprising data point ...
Las Vegas Real Estate Market Report: 5/21/08
2008-05-22 00:00:00 Las Vegas Real Estate Market Report: 5/21/08 This is the latest Las Vegas Real Estate Market Report from www.NARREIA.com (
Real estate market of Pittsburgh, Pennsylvania Posted By : Garrett Pierson4
2008-05-21 21:24:00 Buying a home in Pittsburgh, Pennsylvania Due to the high standard of living and a very good environment, Pittsburgh, Pennsylvania has become one of the most popular places to live in. Recently it has been attracting a lot of new home buyers. According to Forbes magazine, Pittsburgh has been voted to be one of the cleanest and most livable cities in America. This city includes some of the best schools in the country, oldest museums, beautiful recreational parks and a good infrastructure. A recent study by United College Marketing Services has shown that student credit lines have increased to over $6,000. Credit card usage has tripled since 2001 amongst teenagers as well. Since eighteen year-olds in many countries and most U.S. states are eligible for a card without parental consent or employment, the likelihood of increased balances, unwise use of credit and damaged credit scores increases. Read more about Finance and Credit.
Turning the Real Estate Ship Around: Why It Hasn?t And How It Can
2008-05-21 17:32:00 Okay…so what’s wrong with this picture? In communities all across America the value of homes has dropped faster than the New Year’s Eve ball in Times Square. Lower prices should mean bargin prices. Bargin prices should mean people jumping back into the housing market. People jumping back into the housing market should help inflate the value of homes….. But things aren’t working out that way and it is all because of the credit markets. Most “experts”–and- I do use that word with great caution when talking about the real estate mess–seem to agree that lenders are sitting on the fence because they still are not sure just when this mortgage crisis will hit rock bottom. The banks and other financial institutions worry, and not without good cause, that if they do start freeing up credit and people buy up those cheaper homes, the homes will still continue to loose value leaving the lenders holding the bag. What will turn this around? Fo...
Saint Louis & St. Charles Real Estate Market Trends - Market Shows Signifca
2008-05-21 00:00:00 Cottrell Report ? Total Market Overview for Week Ending 5/16/08 Saint Louis MO Real Estate Market Update & Overview Current WK 4 Weeks Prior Trend Active Listings 5,668 5,458 - Pending Ratio 17.3% 16.0% + Price Reductions 8.1% 8.3% +...
How Hot is the Phoenix Bank Owned Real Estate Market?
2008-05-20 19:00:00 For the past two years I’ve said raw inventory numbers have little meaning unless filtered against the pace of sales. High inventory really isn’t all that high if it’s being absorbed at an accelerated rate. Phoenix’s bank owned real estate market is proving that statement. As of this morning there are 4,299 bank owned properties listed in ...
I have some real concerns about the Copper Mountain real estate market
2008-05-20 04:55:00 Just a month ago, I wrote a post called The Scoop on the Copper Mountain market. In that post I was pretty upbeat about the market, despite terrible reports from other parts of the country for more than a year now. I did express some concerns for the middle part of the price ranges, and I talked about how many Sellers have been way too optimistic, and although I didn't use the it, greedy might have been a good word to use. A couple of days ago, I looked at the number of sales for this year so far, and compared them to the same time last year. What I found was that sales for the first 3 1/2 months at Copper Mountain were down by 45% from the same period a year ago! That is a huge decrease, and it is double the decrease of 22% in the rest of Summit County as a whole. Projecting that decrease......
Real Estate Market Looking Up in Winter Garden
2008-05-19 16:20:00 Sorry for the lack of posts recently, but as these numbers indicate, things are busier for the real estate market here. The city of Winter Garden, zip code 34787, is seeing a nice improvement. The number of sales have increased for 5 straight months and definitely showing a steady trend up. The average price per ...
Dothan Real Estate Market Report - May New Construction
2008-05-19 15:23:00 The number of residential new construction permits issued in April was up significantly from previous months. The total of 37 permits issued is the most in one month since March of last year. Here is the trend over the last twelve months. Inventory of new construction homes on the market continues to edge down slightly, with ...
St. Louis Real Estate-Market Watch May 17th, 2008
2008-05-18 18:43:00 St. Louis Real Estate Market Watch by Art Wagner @ Keller Williams Realty Southwest, Sunset Hills, Mo.May 17th, 2008The 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 ...
Phoenix Real Estate Market Update
2008-05-18 08:04:00 There are currently 38,298 single family homes for sale, down by 134 from last week. There are 5339 sales currently pending, up by 46 from last week. And 4051 homes closed escrow in the last 30 days, up by 206 from last week. Broader Maricopa County is now below 9.5 months of inventory, based on ...SHARETHIS.addEntry({ title: "Phoenix Real Estate Market Update", url: "http://www.realphoenixliving.c-om/2008/05/18/phoenix-real-esta-te-market-update-4/" });
MLS Reports Clark County Real Estate Market Data for April, 2008
2008-05-18 03:56:00 REAL ESTATE NEWS The Regional Multiple Listings Service (RMLS) has just issued its report on the Clark County Washington real estate market for the month of April, 2008. The slow market experienced by all of us who work in real estate as well as those homeowners who have had their home on the market during the past year is again evident in the residential market activity for last month when compared to April, 2007, with new listings down 14.7%, pending sales down 28.1%, and closed sales down 29.7%. The good news is that compared to the previous month this year (March, 2008), April 2008 pending sales rose 2.4% and closed sales went up 1.3%. Average market time from listing date to pending sale was 91 days in April, indicating that some homes are still selling reasonably quickly. (RMLS Market Action, May 2008) The average price of a home sold during April, 2008, was $288,200, and the median price was $250,000. Looking at the four months of Janu... |
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