Real Estate Note Auction Guide
A Poor Year for Home Building Ends on Hopeful Note
| 
A Poor Year for Home Building Ends on Hopeful Note
By Dereck Kravitz, AP Real Estate Writer For ABC News | January 19, 2012
Builders ended 2011 with a third straight year of dismal home construction and the worst on record for single-family home building. But improvement at the end of the year lifted hopes for an eventual recovery.
In December, builders broke ground on a seasonally adjusted annual rate of 657,000 homes, the Commerce Department said Thursday. A third straight increase in single-family home building was offset by a drop in volatile apartment construction. Building permits, a gauge of future construction, were essentially unchanged.
The housing market still appears years away from full health.
Realtors Confirm Higher Land Sales Prices During Past Year
23 January 2012 |
|
Realtors Confirm Higher Land Sales Prices During Past Year For Wisconson AgConnection | January 18, 2012 The big story in real estate and investment circles for 2011 was land--specifically farmland. According to United Country Real Estate, the nation's largest seller of land nationwide, land sales experienced a dramatic rise in 2011, resulting in a 20-percent increase and auction land sales that more than doubled over 2010. Land as a very profitable, diversified investment isn't a new idea. In fact, it's advice that has been handed down for generations. As Will Rogers said, "Buy land, they aren't making any more of the stuff," and as Warren Buffet last year said, "I'd rather own all the farmland in America, than all the gold in the world." According to Jason Cole, chief financial officer of United Country Real Estate, land was the company's most improved national property segment throughout 2011, posting over 20 percent increases over 2010 land sales volume. in the center lies virtue
23 January 2012 |
|
By Riccardo Ravasini for Manhattan Real Estate Examiner | January 18, 2012 U.S. Treasuries vs. Real Estate Historically institutional investors have two options if they want to "park" their cash in safe investments. The first option is Treasury Notes – which historically is risk-free. But if you want a higher return on investment, the other option is Real Estate. According to the company Real Capital Analytics, the difference between these two asset classes in terms of returns is the greatest that has been registered in the last ten years. Particularly there was a peak last September (most recent data set available) when the 10yrs treasuries yield was around 2% while the overall real estate sector at a national level was yielding 7.1%. With inflation at 3.9% (for the 12 months leading to the past September), the treasuries have a negative yield in real terms. Suddenly real estate becomes way sexier than the debt markets. |
Driven by Short Sales Las Vegas Resale Real Estate Hits Record Mark for 2011
23 January 2012 |
|
Driven by Short Sales Las Vegas Resale Real Estate Hits Record Mark for 2011 By Glenn Plantone for Expert Click | January 18, 2012 Just how busy was the real estate market last year in Las Vegas? Record sales, that's how busy. Although 2011 was the 3rd busiest year on record overall for Las Vegas Real Estate sales, it turned out to be the busiest year ever for resales. 2004 and 2005 saw tremendous amounts of new construction homes being bought and sold in a hot Las Vegas market, but the last three years (2009-2011) have seen record amounts of foreclosures and short sales. In 2011 there were 48,186 resales of homes in Las Vegas. This number bested the previous high of 46,879 set in 2009. Bank owned foreclosures (REO's) and short sales are considered resales as they are being sold by the lender and the former owner respectively. Rough estimates pin the number of foreclosure sales at about 50% of all sales in 2011, while short sales represent about 25%. The remaining balance of sales are divided between regular resales, bulk sales, flips, and new construction homes. Although most analysts agree that we are in for another 3-5 years of "more of the same" in the Las Vegas real estate market, it will be interesting to see how the percentages of sales types will shape up as we move into a new year in 2012. For example, in 2009, 75% of all sales were bank owned foreclosures while only 7% of total sales were short sales. In 2011, the number of foreclosures decreased dramatically as short sales picked up. Banks began to restrict the flow of REO's and allocate more resources toward getting short sales approved and pushed through. Home sales end 2011 mixed
23 January 2012 |
|
By Wendy Culverwell for the Portland Business Journal | January 17, 2012 Year-end sales figures paint a mixed portrait of Portland's residential real estate market for 2011. Overall sales rose compared to the prior year but other metrics, including price, fell. The Regional Multiple Listing Service, or RMLS, reported its December year-end figures for 2011 on Saturday. Portland area residents sold 19,682 homes in 2011 for an average sale price of $263,300 and median price of $221,000. The number of sales was up 4 percent compared to 2010, but the average price was off by 6.7 percent and the median price was down 7.9 percent. |
