Real Estate News by the Numbers: Weekending April 20A quick rundown of the important real estate news from the week of April 14 – April 20, by the numbers:33% – Increase in January, year-over-year, in short sales in the U.S. In total, 32 states saw an increase in short sales.6.9% – Increase in mortgage applications, on a seasonally adjusted basis, from the week before. The Refinance Index was up 13.5%, whereas the Purchase Index was down 11.2%2.6% – Decrease in existing homes sales in … [Read more...]
Real Estate News: Week of April 7 – April 13
April 14, 2012 By Leave a Comment
Real Estate News: Week of April 7 – April 13A quick rundown of the important real estate news from the week of April 7 – April 13, by the numbers:10% – Increase in foreclosure filings in the first quarter, in states where the foreclosure process must undergo judicial scrutiny. The increase in fillings come on the heels of the $26 billion mortgage settlement between the government and the nation’s largest mortgage lender.2.4% – Decrease in mortgage applications (seasonally adjusted) … [Read more...]
Real Estate News Week of March 31 – April 6
April 7, 2012 By Leave a Comment
Real Estate News Week of March 31 – April 6A quick rundown of the important real estate news from the week of March 31 – April 6, by the numbers:120,000 – New jobs added to the U.S. economy in March. The number was disappointing, as it was half the jobs added the previous month.8.2% – Unemployment rate in March, down from 8.3% in February. However, the drop was largely due to a shrinking labor force, as many stopped looking for jobs.$15.2 Million – Purchase price of singer Julio … [Read more...]
Real Estate News by the Numbers: Week of March 25 – March 30
March 31, 2012 By Leave a Comment
Real Estate News by the Numbers: Week of March 25 – March 30A quick rundown of the important real estate news from the week of March 25 – March 30, by the numbers:0.4%, 0.8%, 0.9%, 0.2% – Forecasted fall in commercial vacancy rates over the next year in the office, industrial, retail and multifamily rental market, respectively, according to the National Association of Realtors.69% – Number of markets that saw a drop in the foreclosure rate between June and December 2011 according to a … [Read more...]
Real Estate News : Week of March 17 – March 24
March 26, 2012 By Leave a Comment
Real Estate News : Week of March 17 – March 24A quick rundown of the important real estate news from the week of March 17 – March 24, by the numbers:1.57% – Drop in new homes sales in February from January. Despite the recent drop, new home sales are up 11.4% since February 2011.5.8 Months – Current supply of new homes on the market. Although supply dropped slightly for the month, median new home prices were up to $233,700 from $217,000 in January.4.26 Million – Existing home sales in … [Read more...]
Real Estate News Week of March 10 – March 16
March 16, 2012 By Leave a Comment
A quick rundown of the important real estate news from the week of March 10 – March 16, by the numbers:35% – Amount who think the economy is heading in the right direction according to a Fannie Mae survey. The reading is 19% higher than results of a November survey.3.9% – Increase in seller’s ask price, year-over-year, as of March 5. Seller’s ask price increased year-over-year for the first time in 6 years this past December.21 – States that had an increase in foreclosure filings in … [Read more...]
Real Estate News by the Numbers: Week of March 3 – March 9
March 10, 2012 By Leave a Comment
Real Estate News by the Numbers: Week of March 3 – March Real estate news from the week of March 3 – March 9, by the numbers:227,000 – Number of jobs the U.S. economy added in February. The number exceeded the 204,000 jobs analysts expected. However, the unemployment rate remained at 8.3%.$14.5 Million – List price for Rachel “Bunny” Mellon’s Caribbean vacation home. Bunny Mellon, 101, was the wife of the late Paul Mellon. The estate sits on 26 acres.3.88% – Average rate on … [Read more...]
Real Estate News by the Numbers: Week of February 18 – February 24
February 25, 2012 By Leave a Comment
Real Estate News by the Numbers: Week of February 18 – February 24This is A quick rundown of the important real estate news from the week of February 18 – February 24, by the numbers: 14.3% – Predicted growth in U.S. employment this decade according to the Bureau of Labor Statistics. The Washington-Arlington-Alexandria area is predicted to have the greatest job growth through 2020.223 – Number of stores the U.S. Postal Service has identified for possible closings. The closings are … [Read more...]
Real Estate News by the Numbers: Week of February 11 – February 17
February 18, 2012 By Leave a Comment
Real Estate News by the Numbers: Week of February 11 – February 17A quick rundown of the important real estate news from the week of February 11 – February 17, by the numbers:1.5% – Increase in housing starts in January from December. The annualized rate of 699,000 housing starts is almost up 10% from the previous year.95% – Amount of borrowers who refinanced in the 4th quarter of 2011 who received fixed-rate loans. Borrowers are also choosing shorter loan terms. 43% refinancing out of … [Read more...]
Real Estate News by the Numbers: Week of February 4 – February 10
February 12, 2012 By Leave a Comment
Real Estate News by the Numbers: Week of February 4 – February 10A quick rundown of the important real estate news from the week of February 4 – February 10, by the numbers:Less than 50% – Number of lenders offering mortgages to applicants with FICO scores less than 620 and a 10 % down payment. Borrowers are being rejected, even though the applicants fit within the government sponsored enterprises’ purchasing guidelines.3.33% – Drop in consumer sentiment in January from the previous … [Read more...]
Real Estate News by the Numbers: Week of January 28 – February 3
February 5, 2012 By Leave a Comment
Real Estate News by the Numbers: Week of January 28 – February 3A quick rundown of the important real estate news from the week of January 28 – February 3, by the numbers:8.3% – U.S. unemployment in January, the fifth straight month that unemployment has dropped. All together, 243,000 jobs were added in January, 100,000 more than economists had expected.1.3% – Drop in home prices month-over-month in November according to the new S&P/Case-Shiller 20-city index. Prices fell in 19 of … [Read more...]
Real Estate News by the Numbers: Week of January 21 – January 27
January 28, 2012 By Leave a Comment
Real Estate News by the Numbers: Week of January 21 – January 27A quick rundown of the important real estate news from the week of January 21 – January 27, by the numbers:$25 Million – Listing price for billionaire Tim Headington’s Miami Beach penthouse. The 11,962 square foot unit is located next door to Dallas Mavericks owner Mark Cuban’s unit.6.2% – Drop in new U.S. homes sales in 2011 from the previous year. The 302,000 homes sold in 2011 is the lowest since the government … [Read more...]
How Your Business Plan Can Help Keep You Motivated
January 26, 2012 By Leave a Comment
How Your Business Plan Can Help Keep You MotivatedEarlier this month, we discussed the why of having a business plan. But this is not about the why you need one. This is about why having a plan keeps you motivated. This week is considered the most depressing week of the year for a number of reasons including the credit card bills from the holidays, seasonal depression, loss of focus on resolutions and overall disdain with your position in life.I don’t know if you find this “science” to be … [Read more...]
Real Estate News by the Numbers: Week of January 14 – January 20
January 21, 2012 By Leave a Comment
Real Estate News by the Numbers: Week of January 14 – January 20A quick rundown of the important real estate news from the week of January 14 – January 20, by the numbers:5% – Increase in existing home sales in December. The annual rate of 4.61 million unit sales is an 11 month high.1.7% – Increase in existing home sales in 2011. ‘“The pattern of home sales in recent months demonstrates a market in recovery,”’ according to Lawrence Yum, chief economist at the National … [Read more...]
Real Estate News : Week Ending January 13
January 14, 2012 By Leave a Comment
Real Estate News : Week Ending January 13Important real estate news from the week of January 7 – January 13, by the numbers: 1.9 Million – Number of homes that entered the foreclosure process in 2011 according to RealtyTrac Inc. It’s the lowest number since 2007. However, a big reason for the drop was legal and documentation delays in wake of the “robo-signing” incidents. $3 Million – Price paid for Regis Philbin’s Greenwich, Connecticut home. The 6,000 squre foot home was listed … [Read more...]
Real Estate News
January 7, 2012 By Leave a Comment
A quick rundown of the important real estate news from the week of December 31 – January 6, by the numbers:$2.34 Billion – Amount of money the Carlyle Group has raised for its sixth US real estate fund. It will use the fund to invest in residential, senior living, retail, hospitality and office properties in major US cities.2.7% – Increase in mortgage delinquencies in November from October according to Mortgage Monitor. It’s the first time in 22 months that delinquencies went up.$1.945 … [Read more...]
Week of December 17 – December 23
December 24, 2011 By Leave a Comment
A quick rundown of the important real estate news from the week of December 17 – December 23, by the numbers:1.6% – Increase in new home sales in November from the previous month. 315,000 new homes sold on an annualized basis in November.14.3% – Revision downward in the number of home sales from 2007-2010 than what was originally reported by the National Association of Realtors, http://www.realtor.org. “In 2007, there were actually just 5.04 million existing home sales, 11% less than … [Read more...]
Get a copy of my best selling book ($9.97 on Amazon.com) and an investor training video series FREE!
