This presentation from LuxuryPortfolio.com show updated statistics from the second quarter of 2010.
Click the image to see full size chart in printable format.
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Luxury Portfolio.com Statistics Q2 2010
MSC Marketing
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Weak Home Sales Numbers Don’t Tell Whole Story, Real Estate Center Economist Says
MSC Marketing
RISMEDIA, August 26, 2010—Home sales statistics are likely to paint a picture of a weakening market through the end of 2010 and the first half of 2011. While it’s tempting to attribute the bleak numbers to a deteriorating housing market, an economist with the Real Estate Center at Texas A&M University said that doesn’t tell the whole story.“The year-over-year decline in existing home sales will be the result of comparing months when there was no tax credit with those from a year earlier, when the tax credit was artificially increasing sales,” said Dr. Mark Dotzour, the Center’s chief economist. (More …)
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Supply Goes Up, Prices Come Down. It’s that Simple
MSC Marketing
by The KCM Crew on August 3, 2010
The big question in real estate is what will happen with home prices over the next few months. The experts have already weighed-in predicting prices will probably take another dip down. The reasoning? Put simply, the inventory of homes on the market is greater than the demand for housing.Demand will remain stable at best. No study or report is predicting a dramatic increase in demand over previous estimates. PMI, Inc. is actually cutting their forecast back. In their most recent issue of The Home and Mortgage Market Review they announced:
“We have lowered our projection of home sales for 2010 in response to the larger-than-expected decline in sales in May.” (More …)
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New Lead-Safe Practices to Increase Home-Remodeling Costs
MSC Marketing
By Duane Marsteller
RISMEDIA, July 31, 2010—(MCT)—Local contractors say a controversial new federal safety rule will increase home-remodeling costs in Manatee County, Florida, but by how much is a matter of debate. Beginning October 1, 2010, contractors will be required to take additional precautions when renovating structures where children could be exposed to lead dust from old paint. The new “lead-safe” practices apply to work on homes, day-care centers and schools built before 1978, when lead paint was banned for residential use because of health risks.Contractors say they will comply with the new regulations but will pass the cost of compliance onto customers. (More …)
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5 Easy, Inexpensive Paint Projects to Quickly Beautify Your Home
MSC Marketing
RISMEDIA, July 29, 2010—When time and money are in short supply, it’s hard to think about big remodeling projects. Debbie Zimmer, color expert with the Paint Quality Institute shares, “With a little imagination and a small outlay for top quality 100% acrylic latex paint, you can quickly make big changes in the appearance of your home’s interior or exterior.” (More …) -
New-Home Sales Bounce Back from Record Low in June
MSC Marketing
RISMEDIA, July 28, 2010—Coming off an historic low in May, sales of newly built, single-family homes rose 23.6% to a seasonally adjusted annual rate of 330,000 units in June 2010, according to U.S. Commerce Department data. (More …) -
Congress Approves Extension of the National Flood Insurance Program
MSC Marketing
July 15, 2010
Homeowners throughout southwest Florida received good news from Congress this afternoon. A strong bi-partisan majority of the House, which I was pleased to be a part of, approved legislation (H.R. 5114) extending the National Flood Insurance Program (NFIP) through 2015. The House approved this bill with a 329-90 vote. (More …)
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How Financial Reform Impacts Homeowners and Buyers
MSC Marketing
RISMEDIA, July 19, 2010—“Homeowners and buyers who are sitting on the sidelines should get moving today, unless they want to get blindsided by the impact of a new law,” said Gibran Nicholas, Chairman of the CMPS Institute, an organization that trains and certifies mortgage bankers and brokers. “The massive financial reform law that just passed Congress has two main components that could very negatively impact homeowners and home buyers in the future.” (More …) -
For Your Clients: 12 Tips to Make Your Move Simple and Stress-Free
MSC Marketing
By Gregory Karp
RISMEDIA, July 13, 2010—(MCT)—Packing your belongings and moving is often fraught with high emotions and involves a to-do list a mile long. So, it’s tempting to give only passing attention to hiring a mover and the related incidental costs. That could be a mistake—for your wallet and your peace of mind. Moving can be quite expensive. A typical full-service interstate move costs about $4,300, while the same in-state move might cost about $2,500, according to the American Moving & Storage Association. And while the moving industry has many fine companies, it is notorious for fraud and dirty tactics by so-called rogue movers.Here are 12 tips to make your move simple and avoid the hassle.
Choose a type of move: You have three basic choices: do-it-yourself, full service and a relatively new hybrid of the two. Going it alone is the cheapest alternative, costing the rental price of a truck, gasoline, packing materials and, perhaps, pizza and beer for friends you rope into helping. With full-service moves, moving within a state is charged by the hour, while moving across state lines is charged by weight and mileage. (More …)
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Long Term Real Estate Investors Are In For A Bonanza
MSC Marketing
by The KCM Crew on July 8, 2010
More millionaires were created as a result of the Great Depression than at any time in the nation’s history. Noted rich-guy John D. Rockefeller has said, “The way to make money is to BUY when blood is in the streets.” Another noted rich-guy, Warren Buffet, believes you should “be fearful when others are greedy and to be greedy only when others are fearful.” Huge success comes to those who see confusion as an opportunity. Today, there is a significant opportunity.
With interest rates at historic lows and home values where they are (the Housing Affordability Index is as favorable as it has ever been) I have one question… “Why hasn’t everyone jumped into the market?” Housing is still one of the most basic of needs (food, clothing, and SHELTER). (More …)
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