CAR Chief Economist Leslie Appleton Young provides an economic update to the Murrieta Temecula Group and the Southwest Riverside County Association of Realtors
California Community College Real Estate Educators' Conference, Los Angeles, CA. 2013 Real Estate Economic Forecast presented by Sara Sutachan, Senior Research Fellow, California Association of Realtors.
Leslie Appleton Young, CAR Chief Economist, spoke at the Real Living Lifestyles New Year, New You Real Estate Symposium on January 31, 2012. She shared her economic forecast for the coming year, and all of the latest charts and stats on the California economy.
California Community College Real Estate Educators' Conference, Los Angeles, CA. 2013 Real Estate Economic Forecast presented by Sara Sutachan, Senior Research Fellow, California Association of Realtors.
Leslie Appleton Young, CAR Chief Economist, spoke at the Real Living Lifestyles New Year, New You Real Estate Symposium on January 31, 2012. She shared her economic forecast for the coming year, and all of the latest charts and stats on the California economy.
Leslie Appleton-Young, Chief Economist/California Association of Realtors presents his annual report to the California Desert Association of Realtors.
The Palm Springs desert area (Coachella Valley) housing market is on the upswing once again.
Agcapita is Canada's only RRSP and TFSA eligible farmland fund and is part of a family of funds with almost $100 million in assets under management. Agcapita believes farmland is a safe investment, that supply is shrinking and that unprecedented demand for "food, feed and fuel" will continue to move crop prices higher over the long-term. Agcapita created the Farmland Investment Partnership to allow investors to add professionally managed farmland to their portfolios. Agcapita publishes a monthly Agriculture Brief which deals with agriculture specific investment issues along with big picture macro-economic issues.
Lessons from Latvia’s internal adjustment strategyLatvijas Banka
Presentation by Ilmārs Rimšēvičs, Governor of the Bank of Latvia at International Conference: "Against the Odds: Lessons from the Recovery in the Baltics" organized by the International Monetary Fund and the Bank of Latvia.
Riga, June 5, 2012
Tim Pulido, President & CEO with 30 years of restaurant industry experience, presents his outlook for 2012 and the brand strategies necessary to win in the New Normal.
Dr. Anne M. Alexander, the Director of International Programs for the University of Wyoming, gave a presentation on the economic outlooks of Utah, Wyoming, and Idaho at the Tri-State Telecommunications Conference on August 1, 2012 in Jackson, WY.
The presentation explains how the food and global financial crises impacted Pakistan's socio-economy. A detailed impact assessment is followed by the policy response taken in the various spheres of the economy.
Slide dell'intervento dell'Avv. Giuseppe Briganti al Convegno "Vigilanza sugli intermediari Entratel" organizzato da Digitrust il 26/10/2011 presso l'ODCEC di Pesaro - Urbino
Leslie Appleton-Young, Chief Economist/California Association of Realtors presents his annual report to the California Desert Association of Realtors.
The Palm Springs desert area (Coachella Valley) housing market is on the upswing once again.
Agcapita is Canada's only RRSP and TFSA eligible farmland fund and is part of a family of funds with almost $100 million in assets under management. Agcapita believes farmland is a safe investment, that supply is shrinking and that unprecedented demand for "food, feed and fuel" will continue to move crop prices higher over the long-term. Agcapita created the Farmland Investment Partnership to allow investors to add professionally managed farmland to their portfolios. Agcapita publishes a monthly Agriculture Brief which deals with agriculture specific investment issues along with big picture macro-economic issues.
Lessons from Latvia’s internal adjustment strategyLatvijas Banka
Presentation by Ilmārs Rimšēvičs, Governor of the Bank of Latvia at International Conference: "Against the Odds: Lessons from the Recovery in the Baltics" organized by the International Monetary Fund and the Bank of Latvia.
Riga, June 5, 2012
Tim Pulido, President & CEO with 30 years of restaurant industry experience, presents his outlook for 2012 and the brand strategies necessary to win in the New Normal.
Dr. Anne M. Alexander, the Director of International Programs for the University of Wyoming, gave a presentation on the economic outlooks of Utah, Wyoming, and Idaho at the Tri-State Telecommunications Conference on August 1, 2012 in Jackson, WY.
The presentation explains how the food and global financial crises impacted Pakistan's socio-economy. A detailed impact assessment is followed by the policy response taken in the various spheres of the economy.
Slide dell'intervento dell'Avv. Giuseppe Briganti al Convegno "Vigilanza sugli intermediari Entratel" organizzato da Digitrust il 26/10/2011 presso l'ODCEC di Pesaro - Urbino
Nuove modalità di iscrizione nel Registro delle Imprese e nel Rea degli ausiliari del commercio a seguito dell’entrata in vigore dei decreti ministeriali di attuazione dell’art. 80 del D.Lgs. n. 59/2010
2013 NAR Issues Conference Economists' Panel (February 2013)Nar Res
For those interested in NAR Chief Economist Lawrence Yun’s conversation with Christina Romer and Gregory Mankiw at the 2013 NAR Issues Conference, here is the PPT that was used.
Global Challenges and Local Opportunities: Achievements and Prospects in the ...Latvijas Banka
Presentation by Ilmārs Rimšēvičs, Governor of the Bank of Latvia at the Bank of Latvia conference "Global Challenges and Local Opportunities: Achievements and Prospects in the Baltic States".
Riga, 12 October 2011.
Western Cape Residential Property Review by John Loos Matthew Le Cordeur
The FNB House Price Index for March 2015 rose 5.3% year-on-year. This is slightly slower than the previous month’s revised 5.6%, and continues a slowing year-on-year price inflation trend of recent months.
A wrap-up of our 2021 legislative session with special guests California state Senator Melissa Melendez and U.S. Chamber Western Region V.P. Jennings Immel
14 bills to be reviewed by the SWCLC on 1/25/2021 including: ACA 1, an effort to reduce the 2/3 voting requirement to raise local property taxes; AB 71, an effort to increase California's already highest-in-the-nation tax on corporations; AB 116, an effort to force municipalities to allow residential construction in commercially zoned parcels; and SB 39, an effort to mandate Dept. of Corrections trade information with Office of Unemployment (EDD) to prevent the massive fraud of prisoners collecting pandemic unemployment benefits.
A comprehensive summary of the housing market in Southwest California where we're enjoying the strongest Seller's market in years in July. Sales posted their 2nd highest month in the past decade, up 17% over June and up 11% over last July. Median prices continued to climb as well, advancing 6% year-to-date. We are now measuring inventory of homes for sale in weeks, not months.
Need help figuring out what to do with the 12 propositions you'll face on your November ballot? Every year the Southwest California legislative Council assigns our members a measure to research and present. The Council debates the issue based on what impact it will have on our business community and recommends a position. As always, we encourage voters to do their own research and to that end we have a much more extensive document available with all the arguments pro and con, what your vote means, and follow the money.
Every year the Southwest California Legislative Council evaluates statewide ballot propositions to determine which might fall within the purview of our strategic initiatives and impact our business members. Council members select a proposition to research and deliver a presentation to the group followed by discussion and a vote to recommend a YES vote, a NO vote, or NO POSITION. Here are the group's recommendation on the 12 measures you'll see on our November ballot.
Detailed information courtesy of BallotPedia.
Recent Trends Fueling The Surge in Farmhouse Demand in IndiaFarmland Bazaar
Embarking on the journey to acquire a farmhouse for sale is just the beginning; the real investment lies in crafting an environment that contributes to our mental and physical well-being while satisfying the soul. At Farmlandbazaar.com, India’s leading online marketplace dedicated to farm land, farmhouses, and agricultural lands, we understand the importance of transforming a humble farmland into a warm and inviting sanctuary. Let's explore the fundamental aspects that can elevate your farmhouse into a tranquil haven.
The SVN® organization shares a portion of their new weekly listings via their SVN Live® Weekly Property Broadcast. Visit https://svn.com/svn-live/ if you would like to attend our weekly call, which we open up to the brokerage community.
The SVN® organization shares a portion of their new weekly listings via their SVN Live® Weekly Property Broadcast. Visit https://svn.com/svn-live/ if you would like to attend our weekly call, which we open up to the brokerage community.
Discover Yeni Eyup Evleri 2, nestled among the rising values of Eyupsultan, offering the epitome of modern living in Istanbul.
With its spacious living areas, contemporary architecture, and meticulous details, Yeni Eyup Evleri 2 is poised to be the star of your happiest moments. Situated in the new favorite district of Eyupsultan, claim your spot and unlock the doors to a peaceful life alongside your loved ones. Nestled next to the historical and natural beauties of Eyupsultan, embrace the comfort of modern living and rediscover life.
Social Amenities:
Yeni Eyup 2 offers a life filled with joy with its green landscaping areas, gym, sauna, children’s play areas, café, outdoor pool, and basketball court. Reserve your place for unforgettable moments!
Reliable Structure:
With 1+1, 2+1, and 3+1 apartment options, Yeni Eyup Evleri 2 is designed with first-class materials and craftsmanship. The doors to a safe and comfortable life are here! Choose the option that suits you best and step into your dream home.
Project:
Yeni Eyup 2 is conveniently located, with Istanbul Airport just 26 minutes away, the Mecidiyeköy Metro Line 4 minutes away, and the Tram Stop 5 minutes away, making your life easier with its central location.
Location:
Your home is positioned in a privileged location, providing easy access to the city center, shopping malls, restaurants, schools, and other important places.
Yeni Eyup 2 offers 1+1, 2+1, and 3+1 apartment options designed to meet different needs. Find an option suitable for every lifestyle and open the doors to a comfortable life in your dream home.
https://listingturkey.com/property/yeni-eyup-evleri-2/
Sense Levent Kagithane Catalog - Listing TurkeyListing Turkey
Sense Levent offers a luxurious living experience in the heart of Istanbul’s vibrant Levent district.
This cutting-edge development seamlessly integrates modern design with natural elements, featuring live evergreen plants maintained by an advanced irrigation system, ensuring lush greenery year-round.
The building’s elegant ceramic balconies are both stylish and durable, enhancing the overall aesthetic and functionality. Residents can enjoy the 700m Sky Lounge, which provides breathtaking views of Istanbul and a perfect space to relax and unwind.
Sense Levent promotes a healthy and active lifestyle with a full gym, swimming pool, sauna, and steam room, all available in the building. The interiors are crafted with high-quality materials, ensuring a luxurious and inviting living space.
Designed with young professionals in mind, Sense Levent features 1+1 and 2+1 units with smart floor plans and balconies. The project promises high investment returns, with an expected annual return of 6.5-7%, significantly above Istanbul’s average ROI.
Located in the rapidly growing and highly desirable Levent area, the development benefits from ongoing urban regeneration projects. Its prime location offers proximity to shopping malls, municipal buildings, universities, and public transportation, adding immense value to your investment.
Early investors can take advantage of discounted units during the construction phase, with an expected capital appreciation of +45% USD upon completion. Property Turkey provides comprehensive rental management services, ensuring a seamless and profitable investment experience.
Additionally, robust legal support and significant tax advantages are available through Property Turkey’s licensed Real Estate Investment Fund. Levent is a dynamic urban hub, ideal for young professionals with its numerous corporate headquarters and shopping malls.
Sense Levent is more than just a residence; it’s a place where dreams and opportunities come to life. Contact us today to secure your place in this exclusive development and experience the best of Istanbul living. Sense Levent: Sense the Opportunity. Live the Dream.
https://listingturkey.com/property/sense-levent/
Simpolo Tiles & Bathware
Tile ho,
toh Simpolo.
Since the first steps were taken in 1977, Simpolo Ceramics has carved its niche as a consistently growing organisation with unparalleled innovation and passion rooted in simplicity.
We endure gratification for every experience we offer, created to share something meaningful. It may not resonate with the majority, but that makes us a class apart. If only a handful were to understand the purpose of our existence, we would be proud to have found our believers. Rather, people with whom we can share our beliefs.
VISUALIZER
Design your space in your style with our very own Visualizer. Now, you can choose the tiles of your liking from our wide selection and see how they would look in a space. Select the tile from the multiple options and the visualiser will replace the surfaces in the image with the selected tiles. This way, instead of just your imagination, you can choose the tiles for your place by getting an actual picture of how they would look in a space. So, design your space the way you desire digitally and implement it in real life to get the best results!
You can also share this visualiser with others to help them design their space.
Committed to delighting customers with world-class ceramic products and services. Make Simpolo synonymous with the best quality and set new benchmarks of excellence for all stakeholders. Pursue best business practices with utmost integrity to make Simpolo an exciting organisation to work with, for vendors, channel partners, investors and employees alike.
Gain worldwide recognition in the field of ceramic building products through Research and Innovation and bring an enhanced lifestyle within reach for every household.
Rixos Tersane Istanbul Residences Brochure_May2024_ENG.pdfListing Turkey
Tersane Suites Residences is a luxurious real estate project located in the heart of Istanbul, next to the beautiful Golden Horn. This unique development offers hotel concept residences with Rixos management, making it the perfect choice for both homeowners and investors.
The Tersane Suites Residences offers a wide range of options, from studio apartments to spacious four-bedroom units, all designed to the highest standard. The suites are finished with high-quality materials and feature modern, open-plan living spaces, fully-equipped kitchens, and large balconies with stunning views of the city and sea.
One of the standout features of Tersane Suites Residences is the Rixos management, which provides a truly exclusive and upscale living experience. Residents will have access to a range of luxury amenities, including a fitness center, spa, and indoor and outdoor swimming pools. Plus, the on-site restaurants and cafes provide a taste of the local and international cuisine.
The Tersane Suites Residences also offers a great opportunity for investors, as it provides a rental guarantee program. This means that investors can enjoy a steady income stream, with the peace of mind that their property is being managed by a reputable and experienced team.
The location of Tersane Suites Residences is also unbeatable, with easy access to the city’s main transportation links and within close proximity to the historic center, making it the perfect base for exploring all that Istanbul has to offer.
The KA Housing - Catalogue - Listing TurkeyListing Turkey
Welcome to KA Housing, a distinguished real estate development nestled in the heart of Eyüpsultan, one of Istanbul’s most promising districts.
Just 10 minutes from the bustling city center, Eyüpsultan offers a serene escape with the convenience of urban living. The direct metro line ensures seamless connectivity to all parts of Istanbul, making it an ideal location for residents who seek both tranquility and vibrancy.
KA Housing boasts unparalleled accessibility, with proximity to Istanbul Airport only 30 minutes away, facilitating easy international travel. Effortless city access is guaranteed by direct metro and transportation links to Istanbul’s cultural and commercial hubs. Quick access to key metro lines connects you to every corner of the city within minutes, making commuting and exploring the city hassle-free.
The development offers luxurious living spaces with a range of unit layouts from 1+1 to 4+1, designed with meticulous attention to detail. Each unit features balconies or terraces, providing stunning vistas of Istanbul and enhancing the living experience. High-quality materials and superior craftsmanship ensure durability and elegance, while sound-proof insulation and high ceilings (2.95 m) offer comfort and sophistication.
Residents of KA Housing enjoy exclusive on-site amenities, including a state-of-the-art gym, outdoor swimming pool, yoga area, and walking paths. Entertainment options abound with a private cinema, children’s playground, and a variety of dining options including a café and restaurant. Security and convenience are paramount with 24/7 security, a dedicated carpark garage, and an IP intercom system.
KA Housing represents a prime investment opportunity with limited availability in a high-demand area, ensuring enduring value and potential for lucrative returns. Homes in this development provide exceptional value without compromising on quality, offering affordable luxury for discerning buyers. The construction is of the highest quality, built to the latest seismic and disaster resistance standards, ensuring safety and resilience.
The community and surroundings of KA Housing are enriched by close proximity to prestigious universities such as Haliç University, Bilgi University, and Istanbul Ticaret University, making it an ideal location for students and academics. The development is adjacent to the Alibeyköy stream leading into the Halic waters, offering serene natural escapes amidst lush greenery. Residents can enjoy the cultural richness of the area, surrounded by historical and cultural landmarks that blend leisure, nature, and culture seamlessly.
https://listingturkey.com/property/the-ka-housing/
Serviced Apartment Ho Chi Minh For RentalGVRenting
GVRenting is the leading rental real estate company in Vietnam. We help you to find a serviced apartment for rent in Ho Chi Minh & Saigon. Discover our broad range of rental properties in Vietnam.
For more details https://gvrenting.com/
Rams Garden Bahcelievler - Istanbul - ListingTurkeyListing Turkey
Implemented by Rams Global in Bahcelievler, the Rams Garden Bahcelievler Apartments includes 796 residences of different types from 2+1 to 5+1.
Next to the project, which will have 33 thousand square meters of green area, there will be 42 thousand 300 square meters of woodland. There will also be a 210-meter-long pond in the landscape of the project. There are 94.5 square meters of green space per flat.
Rams Garden Bahcelievler Apartments, which has 8 times more green space than the average of Istanbul with its 33 thousand square meters of green area located within a total of 75 thousand square meters, offers various housing options from 2+1 to 5+1.RAMS Garden has brought a lifeline to the construction industry.
Rams Global, which has signed projects in many places from Dubai to Phuket and delivered more than 20 thousand residences, is now starting new projects in Istanbul.
Rams Garden Bahcelievler is located 9 minutes from Metroport AVM, 5 minutes from Marmara Forum AVM, 12 minutes from Kazlıçeşme beach, 9 minutes from Yıldız Technical University, 7 minutes from Istinye University, 9 minutes from Ramada Hotel and Medicana Hospital.
https://listingturkey.com/property/rams-garden-bahcelievler-apartments/
Keep Your Home Naturally Cool and Warm Out Change in Seasons
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Presentation to Windust Meadows HOA Board of Directors June 4, 2024: Focus o...Joseph Lewis Aguirre
Presentation to Windust Meadows HOA Board of Directors June 4, 2024: Focus on Public Safety as Job #1, Engagement, Wealth of HOA, Branding, Communication, Culture, Civic Responsibility
5. 2011: A Year of Wild Cards
Political
Change
on
Oil Price Spikes Capitol
Hill
Arab Uprising
Sovereign
Debt
Crisis in
EuroZone
Debt Limit
Ceiling &
Downgrade Stock
of US Debt Market
Volatility
7. Components of GDP:
Consumer Spending Weak; Gov’t Sector Down
Quarterly Percent Change
3.0
2.5 Q3 2010
Q4 2010
2.0
Q1 2011
1.5 Q2 2011
1.0
0.5
0.0
-0.5
-1.0
-1.5
Consumption Fixed Nonres. Net Exports Government
Investment
SOURCE: US Dept of Commerce, Bureau of Economic Analysis
8. Consumers Pulling Back
Home Equity & Reverse Wealth Effect
Consumer Spending 2011 Q1: 2.7% Q2: 0.4%
8%
QUARTERLY PERCENT CHANGE
6%
4%
2%
0%
-2%
-4%
1Q-2000
1Q-2001
1Q-2002
1Q-2003
1Q-2004
1Q-2005
1Q-2006
1Q-2007
1Q-2008
1Q-2009
1Q-2010
1Q-2011
SOURCE: US Dept of Commerce, Bureau of Economic Analysis
9. Unemployment Stubbornly High
August 2011
California (12.1%) vs. United States (9.1%)
14%
CA US
12%
10%
8%
6%
4%
2%
0%
Jan-00
Jan-01
Jan-02
Jan-03
Jan-04
Jan-05
Jan-06
Jan-07
Jan-08
Jan-09
Jan-10
Jan-11
SOURCE: CA Employment Development Division
10. U.S. Job Growth: Flat in August
Month-to-Month Changes
Recession Job Losses: 8.4 million
Since Jan’10: +1.8 million
500,000
400,000
300,000
200,000
100,000
0
-100,000
-200,000
-300,000
-400,000
-500,000
-600,000
-700,000
-800,000
-900,000
Jan-08
Apr-08
Jan-09
Apr-09
Jan-10
Apr-10
Jan-11
Apr-11
Jul-08
Oct-08
Jul-09
Oct-09
Jul-10
Oct-10
Jul-11
SOURCE: US Dept of Labor, Bureau of Labor Statistics
12. Where are California’s Jobs?
Employment Trends:
Construction & Financial Sectors Biggest Losers
Year to
Industry 2005 Jul-11
Date
Mining and Logging 23,600 27,600 4,000
Construction 905,300 567,300 -338,000
Manufacturing 1,502,600 1,257,600 -245,000
Trade, Transportation & Utilities 2,822,100 2,641,500 -180,600
Information 473,600 455,400 -18,200
Financial Activities 920,300 755,800 -164,500
Professional & Business Services 2,160,700 2,136,200 -24,500
Educational & Health Services 1,593,400 1,837,000 243,600
Leisure & Hospitality 1,475,200 1,531,600 56,400
Other Services 505,500 484,500 -21,000
Government 2,420,200 2,380,200 -40,000
TOTAL 14,802,500 14,074,700 -727,800
SOURCE: California Association of REALTORS®
27. California vs. U.S. Sales
US Home Sales CA Home Sales
7,000,000 700,000
6,000,000 600,000
5,000,000 500,000
4,000,000 400,000
3,000,000 300,000
2,000,000 200,000
1,000,000 100,000
0 0
SOURCE: California Association of REALTORS®
28. California vs. U.S. Median Price
US Median Price CA Median Price
$600,000
$500,000
$400,000
$300,000
$200,000
$100,000
$0
SOURCE: California Association of REALTORS®
29. Housing Affordability: Records Highs
California Vs. U.S.
CA US
100%
% OF HOUSEHOLDS THAT CAN BUY
90%
80%
70%
60%
50%
40%
30%
20%
10%
0%
Q1 2000
Q3 2000
Q1 2001
Q3 2001
Q1 2002
Q3 2002
Q1 2003
Q3 2003
Q1 2004
Q3 2004
Q1 2005
Q3 2005
Q1 2006
Q3 2006
Q1 2007
Q3 2007
Q1 2008
Q3 2008
Q1 2009
Q3 2009
Q1 2010
Q3 2010
Q1 2011
SOURCE: CALIFORNIA ASSOCIATION OF REALTORS®
30. CA Underwater Mortgages
Negative Equity Share in CA Near Negative Equity Share in CA
40%
35%
30.2%
30%
25%
20%
15%
10%
4.6%
5%
0%
Q4-2009
Q1-2010
Q2-2010
Q3-2010
Q4-2010
Q1-2011
Q2-2011
SOURCE: CoreLogic
34. 1872 W. Admiral, 92801
•3 bd, 2.5 ba, built in 1982
•Purchased in Sept 2005
for $594,000 with 30%
down.
•In April 2006, added a
second for $57,000.
•In Oct 2006, refinanced
the second into a new
second for $100,000.
•Defaulted in 2010
•Zestimate of current value
= $364,000.
35. 1572 W. Orangewood, 92802
•3 bd, 2 ba, 2,016 sq ft
built in 1977.
•Purchased in June 2003
for $455,000 with 30%
down.
•March 2004: added a
second for $75,000;
added a third for $90,500;
added a fourth for
$80,000.
•Within one year of
purchase, the property had
$565,000 in debt on it!
•Defaulted in 2010.
•Zestimate of current value
•= $442,000.
36. 8871 Regal, 92804
•3 bd, 2 ba, 1,314 sq ft
built in 1956.
•Purchased as REO in
2007 for $417,000 with
zero down.
•Had previously sold for
$568,000 in 2005.
•Defaulted in 2010.
•Zestimate of current
value = $367,500.
37. 2414 E. Underhill, 92806
•3 bd, 2 ba, 1,459 sq ft
built in 1957.
•Purchased for $640,000
in July 2006 with
piggyback financing:
$500,000 first and
$140,000 second, i.e.
zero down.
•Defaulted in 2010.
•Zestimate of current
value = $387,000.
38. Conclusions
• Excessive borrowing against home equity is the
untold part of the foreclosure story.
• “House Prices, Home Equity-Based Borrowing, and
the U.S. Household Leverage Crisis” by Mian and
Sufi: American Economic Review :
• 39% of new defaults from 2006 to 2008
• attributable to home equity borrowing
40. Federal Issues – Critical Concerns
High-cost Loan Limit - expires 10/1/11
Future of Fannie and Freddie in flux - Increase
guarantee fee likely
FHA targeted for market share drop
Tax Reform on the horizon – MID?
QRM (Qualified Residential Mortgage)
20% Down – Is the future of the 30 year
mortgage in doubt?
41. U.S. Economic Outlook
2005 2006 2007 2008 2009 2010 2011f 2012f
•
US GDP 3.1% 2.7% 2.0% 0.0% -2.6% 2.9% 1.7% 2.0%
Nonfarm Job
1.7% 1.8% 1.1% -0.6% -4.4% -0.7% 1.0% 0.9%
Growth
Unemployment 5.1% 4.6% 4.6% 5.8% 9.3% 9.6% 9.0% 8.9%
CPI 3.4% 3.2% 2.8% 3.8% -0.4% 1.6% 3.2% 2.3%
Real Disposable
Income, % 1.3% 4.0% 2.2% 0.5% 0.9% 1.4% 1.7% 1.5%
Change
Forecast Date: September 2011
SOURCE: California Association of REALTORS®
42. California Economic Outlook
2005 2006 •
2007 2008 2009 2010 2011f 2012f
Nonfarm Job
1.8% 1.7% 0.8% -1.3% -6.0% -1.4% 1.5% 2.1%
Growth
Unemployment
5.4% 4.9% 5.4% 7.2% 11.4% 12.4% 12.0% 11.2%
Rate
Population
1.2% 1.1% 1.1% 1.2% 1.1% 0.9% 0.9% 0.9%
Growth
Real Disposable
Income, % 1.3% 3.4% 1.5% 0.1% -2.2% 1.6% 1.5% 2.0%
Change
Forecast Date: September 2011
SOURCE: California Association of REALTORS®
54. Share of Distressed Sales to Total Sales
60% Aug-10 Jul-11 Aug-11
44.5% 42.9% 43.7%
40%
24.7% 25.2% 24.4%
19.3% 18.9%
20% 17.5%
0%
REOs Short Sales Distressed Sales
SOURCE: California Association of REALTORS®
55. Tight Supply of Inventory
for REO Sales
Aug-11
Unsold
Inventory Index
(Months)
8.1
9
8
7 5.7
6
5
4 2.6
3
2
1
0
Equity Sales REO Sales Short Sales
56. REO & Short Sales: Southern
California
(Percent of Total Sales)
100% Aug 2011
80% Short Sales
REO Sales
60%
14%
26%
40%
24%
20% 20%
20% 35% 49%
12% 8%
0%
19%
Los
Angeles Orange
Riverside
San
Bernardino San Diego
SOURCE: California Association of REALTORS®
57. REO & Short Sales: Central Valley
(Percent of Total Sales)
100% Aug 2011
Short Sales
80% REO Sales
7%
60%
23% 30%
40% 24% 19%
67%
20% 36%
37%
38% 41%
0%
Madera
Merced
San Benito
Sacramento
Kern
SOURCE: California Association of REALTORS®
58. REO & Short Sales: Bay Area
(Percent of Total Sales)
100% Aug 2011
80% Short Sales
REO Sales
60%
26%
40% 20%
15%
20% 18%
28% 15% 21% 45%
13%
0% 11%
10% 24%
Marin
Napa
San
Mateo Santa
Clara Solano
Sonoma
SOURCE: California Association of REALTORS®
59. REO & Short Sales: Rest of California
(Percent of Total Sales)
100% Aug 2011
80%
Short Sales
REOs
60%
11% 7%
40% 8% 25%
5%
48% 7% 57%
13% 9%
20% 34%
25% 36% 20%
32% 39% 51%
0%
15%
SOURCE: California Association of REALTORS®
73. Sales of Existing Detached Homes and Consumer Confidence
Riverside County, August 2011: 2,320 Units, Down 2.5% YTD, Up 11.2% YTY
UNITS Sales Consumer Confidence INDEX
3500 160
3000 140
120
2500
100
2000
80
1500
60
1000
40
500 20
0 0
Jan-90
Jan-91
Jan-92
Jan-93
Jan-94
Jan-95
Jan-96
Jan-97
Jan-98
Jan-99
Jan-00
Jan-01
Jan-02
Jan-03
Jan-04
Jan-05
Jan-06
Jan-07
Jan-08
Jan-09
Jan-10
Jan-11
SOURCE: CALIFORNIA ASSOCIATION OF REALTORS®;
The Conference Board
74. Sales of Existing Detached Homes
Riverside County, 2010: 26,044 Units, Down 19.2% YTY
UNITS ANNUAL MONTHLY
35,000 3,500
30,000 3,000
25,000 2,500
20,000 2,000
15,000
1,500
10,000
1,000
2008
5,000
2009
500
2010
0 2011
1989
1992
1995
1998
2001
2004
2007
2010
0
Oct
Jun
Aug
Jan
Apr
Jul
Nov
Sept
Feb
Dec
Mar
May
SOURCE: CALIFORNIA ASSOCIATION OF REALTORS®
75. Median Price of Existing Detached Homes
Riverside County, August 2011: $202,060, Down 2.9%
YTY
$500,000
$450,000
$400,000
$350,000
$300,000
$250,000
$200,000
$150,000
$100,000
$50,000
$0
Jan-90
Jan-91
Jan-92
Jan-93
Jan-94
Jan-95
Jan-96
Jan-97
Jan-98
Jan-99
Jan-00
Jan-01
Jan-02
Jan-03
Jan-04
Jan-05
Jan-06
Jan-07
Jan-08
Jan-09
Jan-10
Jan-11
SOURCE: CALIFORNIA ASSOCIATION OF REALTORS®
76. Median Price Annual Comparison
Riverside County, 2010: $206,180, Up 12.9% YTY
ANNUAL MONTHLY
$450,000 $450,000
$400,000 $400,000
$350,000 $350,000
$300,000 $300,000
$250,000 $250,000
$200,000 $200,000
$150,000 $150,000
$100,000 $100,000 2008
2009
$50,000 2010
$50,000
2011
$- $-
1989
1991
1993
1995
1997
1999
2001
2003
2005
2007
2009
Nov
Jun
Aug
Jan
Jul
May
Sept
Oct
Feb
Apr
Dec
Mar
SOURCE: CALIFORNIA ASSOCIATION OF REALTORS®
77. Median Home Sales Price
Riverside County
Yearly %
Aug-10 Aug-11
Change
AGUANGA $119,000 $25,000 -79.0%
ANZA $103,000 $172,500 67.5%
BANNING $138,000 $113,250 -17.9%
BEAUMONT $193,000 $185,000 -4.2%
BLYTHE $117,500 $159,500 35.7%
CABAZON $290,000 $48,500 -83.3%
CALIMESA $162,000 $77,000 -52.5%
CATHEDRAL CITY $160,000 $139,500 -12.8%
COACHELLA $146,000 $135,500 -7.2%
CORONA $325,000 $314,000 -3.4%
DESERT HOT SPRINGS $89,500 $89,250 -0.3%
HEMET $125,000 $120,000 -4.0%
HOMELAND $50,000 $279,000 458.0%
SOURCE: DataQuick Information Systems. The price statistics are derived from
all types of home sales -- new and existing, condos and single-family.
78. Median Home Sales Price
Riverside County
Yearly %
Aug-10 Aug-11
Change
IDYLLWILD $190,000 $186,000 -2.1%
INDIAN WELLS $415,000 $483,500 16.5%
INDIO $180,000 $160,000 -11.1%
LA QUINTA $275,000 $242,500 -11.8%
LAKE ELSINORE $200,000 $182,000 -9.0%
MECCA $55,000 $35,000 -36.4%
MENIFEE $211,000 $195,000 -7.6%
MIRA LOMA $311,500 $240,000 -23.0%
MORENO VALLEY $156,000 $159,000 1.9%
MOUNTAIN CENTER $136,500 $299,500 119.4%
MURRIETA $250,000 $242,500 -3.0%
NORCO $372,500 $340,000 -8.7%
NUEVO $155,000 $145,000 -6.5%
SOURCE: DataQuick Information Systems. The price statistics are derived from
all types of home sales -- new and existing, condos and single-family.
79. Median Home Sales Price
Riverside County
Yearly %
Aug-10 Aug-11
Change
PALM DESERT $220,000 $225,000 2.3%
PALM SPRINGS $213,500 $175,000 -18.0%
PERRIS $165,000 $150,000 -9.1%
RANCHO MIRAGE $374,500 $365,000 -2.5%
RIVERSIDE $195,000 $193,000 -1.0%
SAN JACINTO $143,000 $135,000 -5.6%
SUN CITY $165,000 $164,000 -0.6%
TEMECULA $267,750 $278,500 4.0%
THOUSAND PALMS $130,000 $135,000 3.9%
WHITE WATER $90,000 $62,500 -30.6%
WILDOMAR $226,500 $210,000 -7.3%
WINCHESTER $240,000 $227,500 -5.2%
RIVERSIDE COUNTY $200,000 $190,250 -4.9%
SOURCE: DataQuick Information Systems. The price statistics are derived
from all types of home sales -- new and existing, condos and single-family.