home sales: and they tout the following as improvement
- 07/12/10 10:17 AM
This graph shows the relationship and number by type of sale in Sacramento. When you listen to the main stream media they are telling you the home market is getting better the question is better at what, last August the Sacramento market had a total of 1860 sales of which 1303 were distressed sales (322 short sales and 922 reo sales) and 577 conventional sales now in June of this year a total of 1931 sales(3.6% increase, do you think tax credit may have done the increase?) 1205 distressed sales (517 short sales and 688 reo sales) or put another way … (0 comments)
home sales: not all credit problems are with individuals
- 07/12/10 10:13 AM
Thought it might be interesting to see the ravages of the economy on credit for both individuals and countries Mortgage refinancing credit scores:720 - 800 Excellent. You get the best deals700 - 719 Extremely good. You get top rates & terms680 - 699 Good! You get good rates & terms660 - 679 Above average. You pay higher costs & rates640 - 659 This score is okay if you have good income620 - 639 Weak. You need good income & some money600 - 619 Poor. Use creative loan broker & pay more loan costs580 - 599 Almost impossible to obtain a loan … (0 comments)
home sales: credit scores
- 07/12/10 01:21 AM
i found this graphically presentation of the people credits score. it shows the ravages of the economy the last few years. also ,i believe, it shows that homes sales will not be as assessable to to those that have had credit issues due to the economy.
home sales: YAER TO DATE SALES COMPARING YEARS JUNE 2010
- 07/09/10 01:27 AM
LOOKING AT HOW THE MARKET HAS PREFORMED OVER THE LAST SEVERAL YEARS LEADS TO A MORE THOUGHTFUL UNDERSTANDING OF HOW THE MARKET IS PREFORMING RIGHT NOW. THE FIRST PIECE OF INFORMATION IS YEAR OVER YEAR SALES AND AS YOU CAN SEE 2010 IS ABOVE 2009 IN TOTAL SALES SO FAR THIS YEAR. THE CAUSE IS STRICTLY THE GOVERNMENTS USE OF THE TAX CREDIT TO DRAW PEOPLE INTO THE MARKET. WHEN YOU LOOK YEAR OVER YEAR ON A MONTHLY COMPARISON YOU SEE THE MONTH OF JUNES SALES DROP OFF WHICH SHOULD BE A RED FLAG AS TO THE DIRECTION OF SALES FOR … (1 comments)
home sales: new construction single family permits
- 07/08/10 04:15 AM
here is the performance of the new single family permits for construction issued by the city of Billings. my take is the performance for June is actually pretty good from the stand point of knowing these starts are not tax credit driven. yes the permits are lower than past years in June but not horridly so.
home sales: makert stats through June 2010
- 07/07/10 01:50 AM
here are the market numbers for the first half of 2010. plenty of positives in terms of number of sales and on the pricing front. yet Iwould temper my optimism due to the large influence of the tax credits on the market. the one stand out showing the influence is the pending sale number and it shows a year over year decline of 24% a red flag if i ever saw one to future activity.
home sales: FHA DELIQUINCIES AROUND THE STAE OF MONTAN
- 07/06/10 01:51 AM
One conversation I have all the time is foreclosures and what is happening in Yellowstone County. I thought it may be time to revisit the subject. The information below compares Yellowstone county serious delinquent loans to other counties around the state. while the FHA insured loan do not represent the whole world of lending they do show the most "marginal" borrowers where stress and problems would show up first, so do give a good indication of the market. The note worthy county in Montana with higher delinquency rate than Phoenix and just lower than Las Vegas, is the Flathead, not an … (0 comments)
home sales: price range performance comapring years
- 07/05/10 05:22 AM
THOUGHT IT MIGHT BE USEFUL TO LOOK AT THE PERFORMANCE OF DIFFERENT PRICE RANGES BY YEAR. ON THE MODERATE PRICE POINT I THINK THE MOVEMENT FROM 18% TO 20% IN THE 200K TO 250K IS THE MOST SIGNIFICANT. MY BELIEF IS THAT AS FIRST TIME HOME BUYERS BOUGHT THE LOWER PRICE REGISTERS IT ALLOWED PEOPLE TO MOVE UP ADDITIONALLY THERE WERE A FAIR NUMBER OF FIRST TIME BUYERS IN TH LOWER REGISTER OF THAT RANGE.
… (0 comments)
home sales: looking like strength / underlying weakness
- 07/04/10 03:45 AM
below is chart showing a comparison of both year to date sales and monthly closed volume to June. the top number total closed sales for 2001 shows strength over 2009. yet when you look at the closed volume for June 2010 as compared to 2009 the numbers show weakness in the market place. yes the numbers reflect the end of the tax credit and the number is really stark when you factor in 50 year low interest rates. until we figure out the unemployment issues housing will remain at best subdued.
… (0 comments)
home sales: HOME PRICE IN BILLINGS COMPARING TO THE STOCK MARKET
- 07/01/10 04:37 PM
BELOW ARE FOUR GRAPHS, THE DOW JONES INDUSTRIALS, THE S&P 500, NASDAQ AND SINGLE FAMILY HOME PRICES IN BILLINGS MONTANA WITH PERFORMANCES SINCE JANUARY 1999 TO JULY 1ST 2010. THE QUESTION TO PONDER IS "IF I HAD BOUGHT THE AVERAGE PRICED HOME IN BILLINGS IN JANUARY OF 1999 WITH A MAXIMUM FHA LOAN WOULD I HAVE BEEN BETTER OFF FINANCIALLY AS COMPARED TO PUTTING THE MONEY IN THE STOCK MARKET?" YOU WOULD HAVE NEEDED APPROXIMATELY A $3,500 DOWN PAYMENT IN JANUARY OF 1999 THE INTEREST RATE WAS 6.79% YOUR PRINCIPAL BALANCE WOULD NOW BE $93,667 (IN 1999 IT WOULD HAVE $114,000). … (1 comments)
home sales: rent trends and tax credits
- 06/29/10 01:10 AM
watching the availability of rental units also gives one insight into the effects of the tax credits. as the year started you can see the trend of avavailability declining which indicates growth in tenants. then about week 20 of the year you can see the jump of availability and the general continued increase in avavailability through the end of June. i would suspect that availability will continue to increase throughout July, then resume the process of the rental market tightening in august and throughout the rest of the year.
This graph shows the relationship and number by type of sale in Sacramento. When you listen to the main stream media they are telling you the home market is getting better the question is better at what, last August the Sacramento market had a total of 1860 sales of which 1303 were distressed sales (322 short sales and 922 reo sales) and 577 conventional sales now in June of this year a total of 1931 sales(3.6% increase, do you think tax credit may have done the increase?) 1205 distressed sales (517 short sales and 688 reo sales) or put another way … (0 comments)
;)
;)
;)
