The purpose of this video is to provide an overview of the recent events and trends that have transpired in the residential housing environment, and to provide an overview of the home-price level for a select group of cities that make up the Adkins 60-City Home Price Index. This analysis is for the second quarter of 2015.
The following presentation provides an overview of the events and trends that took place in the residential housing environment for the first quarter of 2015 and provides an overview of the home price level for a select group of cities throughout the United States.
The Wright Report is perfect bathroom reading to help understand local real estate. Well, maybe for some. This is a very detailed report to unpack the housing market in Northern California as well as other national economic influences. What is making value move? And where have values been moving? Compiled by Real Estate Broker Joel Wright (and yours truly contributed a couple pages). Counties covered include: Sacramento, Placer, Yolo, El Dorado & San Joaquin.
The following presentation provides an overview of the events and trends that took place in the residential housing environment for the first quarter of 2015 and provides an overview of the home price level for a select group of cities throughout the United States.
The Wright Report is perfect bathroom reading to help understand local real estate. Well, maybe for some. This is a very detailed report to unpack the housing market in Northern California as well as other national economic influences. What is making value move? And where have values been moving? Compiled by Real Estate Broker Joel Wright (and yours truly contributed a couple pages). Counties covered include: Sacramento, Placer, Yolo, El Dorado & San Joaquin.
Annie Williams Market Trends April-May 2015Jon Weaver
After four straight months of year-over-year sales declines, sales of single-family, re-sale homes jumped 6.5% last month. Condo/loft sales, on the other hand, were down
year-over-year, albeit by only 1.6%. Compare that to the previous three out of four months when sales were down by double-digits. Prices of homes and condo/lofts also popped last month, rising by double-digit figures. See below for the full details.
Want to know whats happening in the Real Estate Market in Santa Clara County and East Bay County?
Is There a Housing Bubble ? What do the expert say ?
Want to know more ? Contact us today.
www.ValleyRG.com
Matt Nguyen, 408-816-9698
2017 Q1 - U.S. Residential Housing Marketing ReviewTroy Adkins
The purpose of this presentation is to provide an overview of the events and trends that transpired in the U.S. residential housing market for during the first quarter of 2017, and to provide an overview of the top five over-priced cities and under-priced cities that make up the Adkins 60-City Home Price Index.
Annie Williams Market Trends April-May 2015Jon Weaver
After four straight months of year-over-year sales declines, sales of single-family, re-sale homes jumped 6.5% last month. Condo/loft sales, on the other hand, were down
year-over-year, albeit by only 1.6%. Compare that to the previous three out of four months when sales were down by double-digits. Prices of homes and condo/lofts also popped last month, rising by double-digit figures. See below for the full details.
Want to know whats happening in the Real Estate Market in Santa Clara County and East Bay County?
Is There a Housing Bubble ? What do the expert say ?
Want to know more ? Contact us today.
www.ValleyRG.com
Matt Nguyen, 408-816-9698
2017 Q1 - U.S. Residential Housing Marketing ReviewTroy Adkins
The purpose of this presentation is to provide an overview of the events and trends that transpired in the U.S. residential housing market for during the first quarter of 2017, and to provide an overview of the top five over-priced cities and under-priced cities that make up the Adkins 60-City Home Price Index.
Each month, This Month in Real Estate provides expert opinion and analysis on real estate trends across the nation. The aim of the consumer-oriented segments is to help agents combat the “doom and gloom” messages of the national print and television media with real information on real estate
Shawn Kormondy of Reis Group is a top producing real estate agent at a prestigious Beverly Hills real estate firm, Keller Williams Realty. He specializes in Hollywood Hills, West Hollywood, and Miracle Mile real estate. Shawn can be contacted by visiting one of his web sites, www.reisgroup.org or www.developweho.com
Each month, This Month in Real Estate provides expert opinion and analysis on real estate trends across North America. The aim of the consumer-oriented segments is to help Keller Williams Realty realtors combat the “doom and gloom” messages of the national print and television media with real information on the state of the real estate market.
Review of Residential Real Estate Analysis Valuation MethodologiesTroy Adkins
The purpose of this presentation is to provide an overview of the traditional residential real estate analysis valuation methodologies and to provide an overview of two proprietary residential real estate analysis valuation methodologies that were developed by the founder of Adkins Capital Management. This presentation provides an overview of the following methodologies:
1) cost-based method
2) sales-based method
3) expense-based method
4) finance-based method
Each month, This Month in Real Estate provides expert opinion and analysis on real estate trends across the nation. The aim of the consumer-oriented segments is to help agents combat the "doom and gloom" messages of the national print and television media with real information on real estate.
Software product capabilities presentation.
This software application is available on Amazon.com.
Keyword search "residential real estate software" to subscribe.
The purpose of this presentation is for the founder of Adkins Capital Management (ACM) to provide an overview and assessment of:
The events and trends that have transpired in the U.S. residential housing market for the second quarter of 2023:
A review of “The State of The Nation’s Housing” report by the Joint Center for Housing Studies (JCHS) of Harvard University.
The monetary policy actions of the Federal Reserve to help curtail the impact of inflation on the U.S. economy.
The home price level for a select group of cities that make up the Adkins 60-City Home Price Index:
Top Five Overpriced Cities in the U.S.; and
Top Five Underpriced Cities in the U.S.
This article explains some basic defense strategies that can be used by the management of potential target companies to deter unwanted acquisition advances.
The purpose of this presentation is to provide an overview of the U.S. residential housing market for the second quarter of 2018. An overview of the State of the Nation's Housing by the Joint Center for Housing Studies of Harvard University is covered in this presentation.
The following presentation provides a residential housing analysis for the City of Houston, Texas as of March, 2018. Prospective home buyers should consider using our cloud-based software application in order to assist them in making a prudent home purchase decision.
Biennial Compilation of Housing ResearchTroy Adkins
The following slide is a summary of the pertinent housing issues for 2015 and 2016. For more information, visit the Adkins Capital Management website in order to watch our comprehensive housing movie presentations.
Residential Real Estate Property Analysis ReportTroy Adkins
This presentation is a sample copy of the types of residential real estate property analysis reports that can be generated by the Adkins Residential Home Valuation Analyzer.
Strategic Retirement Plan Savings MethodologyTroy Adkins
The purpose of this presentation is to provide an overview of the methodology that is used by a Strategic Retirement Plan Savings Calculator that has been developed by Adkins Capital Management.
This document explains the issues associated with obtaining software patent authorization by the United States Patent and Trademark Office as a result of the SCOTUS decision in Alice Corporation versus CLS Bank International.
Recent Trends Fueling The Surge in Farmhouse Demand in IndiaFarmland Bazaar
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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.
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https://listingturkey.com/property/rams-garden-bahcelievler-apartments/
Investing In The US As A Canadian… And How To Do It RIGHT!! (feat. Erwin Szet...Volition Properties
=== Investing In The US As A Canadian… And How To Do It RIGHT!! (feat. Erwin Szeto) ===
Ever been curious about Real Estate Investing in the US?? At Volition, for the past 14 years, we have been focused on helping investors invest in over $250M of real estate and generate $100M of wealth in the Toronto market, but we are always open to learning more about other business models and learning from other investors.
The US has always been an intriguing market to invest in. But the US is a big place… if you’re interested in investing in the US, you probably have a lot of questions, like:
☑️ Specifically WHERE should you invest?
☑️ What are the best markets to invest in and why?
☑️ How much are property prices there?
☑️ What are the returns like?
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☑️ Compared to investing in Toronto or other cities in Ontario, what are the benefits / tradeoffs?
☑️ What ownership structure should I use?
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☑️ Can I get financing?
☑️ What are tenants like?
Enter Erwin Szeto, a longtime friend of Volition. Since 2005, Erwin Szeto and his team have navigated the challenging landscape of being landlords in Ontario. Now, they are shifting their focus and guiding their clients' investments toward the more landlord-friendly environment of the USA. This decision comes after assisting Canadian clients in transacting over $440,000,000 in income properties. Faced with issues like affordability constraints, tenant-friendly laws, rent control, and rental licensing in Canada, Erwin sees a clear opportunity in the U.S. Here, there is a significant influx of investments leading to the creation of high-paying manufacturing jobs. Erwin and his clients are poised to capitalize on these opportunities where landlord rights are stronger and there is no rent control.
To facilitate this transition, Erwin has partnered with and become a client of SHARE, a one-stop-shop U.S. Asset Manager. Founded by Canadians for Canadians, SHARE enables as passive an ownership experience as possible for landlords in the U.S., while still maintaining direct, 100% ownership.
Erwin is “Making Real Estate Investing Great Again”!!
Website: https://www.infinitywealth.ca/
Facebook: https://www.facebook.com/iwinrealestate and https://www.facebook.com/ErwinSzetoOfficial
Podcast: https://www.truthaboutrealestateinvesting.ca/
Instagram: https://www.instagram.com/iwinrealestate/ and https://www.instagram.com/erwinszeto/
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/
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.
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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.
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https://listingturkey.com/property/sense-levent/
Discover Yeni Eyup Evleri 2, nestled among the rising values of Eyupsultan, offering the epitome of modern living in Istanbul.
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Project:
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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.
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Find Land Survey Number View A Begur village Begur Hobli Bangalore The Revenue Department of Karnataka By The Survey Sketch Made Citizen Simple Easy to Find Survey Number,s
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
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.
2. CONTENTS
The purpose of this presentation is to provide an overview and assessment of:
The events and trends that have transpired in the residential housing market
for the second quarter of 2015; and
The home price level for a select group of cities that make up the Adkins 60-
City Home Price Index.
This presentation provides an overview and assessment of:
Adkins Capital Management
U.S. Housing Events
U.S. Housing Trends
ARĤVA Analytics Home Price-level Analytical Methodology
Application of the ARĤVAAnalytical Methodology
Top Five Overpriced Cities in the U.S.
Top Five Underpriced Cities in the U.S.
Conclusion
Contact Information
1Adkins Capital Management, LLC.
3. Adkins Capital Management
Privately owned and independently operated company.
Exclusive focus on residential real estate.
Company not affiliated with any parties associated with
the residential housing industry.
Our mission is to bridge the gap in the residential
housing market, where deficiencies in public policy,
regulation, product structure, and personnel have
created an environment where prospective home buyers
need objective information and useful analytical tools to
make a prudent home purchase decision.
Adkins Capital Management, LLC. 2
More than 15 years of real estate analysis experience, more than 10 years of
institutional investment consulting experience, and more than seven years of
freelance financial writing experience.
Author of more than 20 published articles, including publications by Forbes,
Investor’s Business Daily, Yahoo, Investopedia, Financial Edge, and more than
230 news organizations worldwide.
4. Adkins Capital Management, LLC. 3
Our Goal: Offer prospective home buyers a comprehensive, accurate, automated,
user-friendly and affordable residential real estate analysis software application,
while providing contemporary information about the trends and events that are
taking place in the residential housing market, in an economical, efficient, and
effective manner.
Our Commitment: Make Adkins Capital Management, the ARĤVA Residential
Real Estate Analysis Software Application, and our residential real estate
research, the premier analytical source for prospective home buyers to use in order
to make a prudent home purchase decision.
Adkins Capital Management
Our Product and Service: Developer of
an Internet-based residential real estate
analysis software application.
Adkins Residential Home Valuation
Analyzer (ARĤVA).
ARĤVA ANALYTICS - finance-
based and expense-based analytical
methodologies.
5. OVERVIEW OF U.S. HOUSING EVENTS FOR THE QUARTER
For the second quarter of this year, the impact of foreclosures throughout the U.S. residential
housing market was the primary topic of discussion.
According to a report produced by CoreLogic:
A recovering economy and healthier housing market has pushed the number of
seriously delinquent mortgages (90 days ore more past due) to the lowest level
since May 2008.
At approximately 41,000 completed foreclosures, the monthly total has
fallen by nearly two-thirds since peaking in September 2010.
Completed foreclosures averaged just 21,000 per month nationwide
between 2000 and 2006.
Florida had the most completed foreclosures (110,000) in the country over the
past year, followed by Michigan (50,000), Texas (34,000), Georgia (28,000), and
Ohio (28,000).
Since September 2008, 5.6 million homes have been lost to foreclosure.
4Adkins Capital Management, LLC.
6. OVERVIEW OF U.S. HOUSING EVENTS FOR THE QUARTER
A comprehensive Stateline analysis produced by the American Sociological Review titled
“Neighborhood Foreclosures, Racial/Ethnic Transitions, and Residential Segregation,” provided a
host of key foreclosure findings:
The U.S. housing crisis of the late 2000s was one of the most profound residential disasters
of the past century.
Between 2005 and 2012, there were 9.3 million unique foreclosures. Since 2008, roughly 1
out of 12 household have begun the foreclosure process.
33 million moves occurred between 2009 and 2010, up from 30.5 million between
2007 and 2008. The dramatic increase in moves has been attributed to the increase in
foreclosures.
According to a Federal Reserve study in 2011, among foreclosed movers, the vast
majority (90%) relocated within their current metropolitan area.
The burden of the foreclosure crisis was not evenly distributed, with African Americans and
Latino Households much more likely to face foreclosure than Caucasians and Asians.
The foreclosure crisis represents arguably the most substantial migration event of the past
several decades, exceeding the Great Migration (1910 – 1970) and the Dust Bowl exodus
(1930s).
5Adkins Capital Management, LLC.
7. The foreclosure crisis that hit the U.S. in 2007 was precipitated by a pernicious combination of
unsustainable lending practices, irresponsible borrowing, and unrealistic expectations about the
appreciation of real estate.
Federal policy played an important role in setting the stage for the foreclosure crisis, most notably
in the form of banking deregulation that facilitated the use of high-risk lending and underwriting
strategies, as well as federal efforts to preempt laws intended to protect consumers against
predatory lenders.
Foreclosures will likely have a profound impact on neighborhood distress and instability, leading to
a density of vacant, neglected, and abandoned properties, heightening the appearance of
neighborhood deterioration, driving up crime, and increasing the likelihood of racial transition.
6Adkins Capital Management, LLC.
OVERVIEW OF U.S. HOUSING EVENTS FOR THE QUARTER
8. ASSESSMENT OF U.S. HOUSING TRENDS FOR THE QUARTER
According to Bankrate.com, the national average mortgage loan interest rate for a 30-year fully-
amortized fixed-rate loan began the quarter at 3.88% and ended the quarter at 4.19%. Since June of
2011, the national average mortgage loan interest rate for a 30-year fixed-rate loan has been less than
4.61%.
Most financial pundits expected the national average mortgage loan interest rate for a 30-year
fixed-rate loan to increase slightly over the quarter.
Recent comments made by the chairman of the Federal Reserve has led most financial pundits to
believe that an increase in the key Federal Funds rate will take place by the end of this year.
This in turn will likely cause upward pressure on mortgage loan interest rates in the future.
The future level of mortgage loan interest rates will also likely be dependent upon the operating
status of the Government Sponsored Enterprises, and their future role in the housing market.
Prospective home buyers should closely follow the level of mortgage loan interest rates in
their community.
A mortgage loan interest rate of approximately 5.3% will require home owners to repay to
the lender twice the amount of their mortgage loan if they make their scheduled
repayments and carry their loan to maturity.
This fact illustrates the high cost of interest expense for borrowers over time, and
illustrates why the Federal Reserve’s interest rate policy may have a very negative
impact on the price-level of residential housing in the future.
7Adkins Capital Management, LLC.
9. ADKINS RESIDENTIAL HOME VALUATION ANALYZER
HOME PRICE-LEVEL ANALYTICAL METHODOLOGY
ARĤVA ANALYTICS
JUSTIFIED MORTGAGE LOAN INTEREST RATE
Represents the cost of debt for a 30-year fully-amortized fixed-rate mortgage loan that
equates the median home price level for a city with the median household income
level for the city.
Based on the assumption that 28% of household income is the largest amount of
money that should be spent in order to repay the principal and interest costs for a 30-
year fully-amortized fixed-rate mortgage loan.
8
JUSTIFIED PERCENTAGE OF HOUSEHOLD INCOME
Represents the percentage of pre-tax household income that would have to be spent by
the people that live in a city in order to justify the relationship between the median
household income level for the city and the median home price level for the city.
Based on the month-ending national average mortgage loan interest rate for a 30-year
fully-amortized fixed-rate mortgage loan.
Adkins Capital Management, LLC.
10. APPLICATION OF THE ARĤVA ANALYTICAL METHODOLOGY
According to the U.S. Census Bureau, median household income was $52,250 in 2013 and $30,056 in 1989.
In comparison, the median new home price was $265,092 in 2013 and $120,383 in 1989.
At first observation of the chart above, it appears that there is a significant problem in the housing market, as
the new home price level has inflated at a much higher rate than household income (120% v 74%).
However, the dramatic difference in the national average mortgage loan interest rate for a 30-year fixed-rate
mortgage loan in 2013 (3.98%) versus 1989 (10.32%) raises some key points to consider:
In 2013, 29% of household income would have to be spent in order to justify the median home price
level, or the national average mortgage loan interest rate would have to be 3.7%. The spread between
29% and 28% and 3.98% and 3.7% represents the degree of overpricing of new homes.
In 1989, 44% of household income would have to be spent in order to justify the median home price
level, or the national average mortgage loan interest rate would have to be 5.75%. The spread
between 44% and 28% and 10.32% and 5.75% represents the degree of overpricing of new homes.
Therefore, in 1989 (2013), based on the justified percentage of household income amount, and the justified
mortgage loan interest rate amount, the median home price level for new homes was significantly (only
slightly) overpriced nationwide.
9
$0
$200,000
$400,000
Median Household Income Median Home Price
2013
1989
Adkins Capital Management, LLC.
11. ARĤVA ANALYTICS - TOP FIVE OVERPRICED CITIES IN THE U.S.
26 cities that make up the Adkins 60-City Home Price Index were classified as overpriced.
It is not possible to justify the home price level for the top five overpriced cities by reducing the mortgage loan interest rate
from 4.19% to 0.0%.
In order to classify the homes in the top five overpriced cities as underpriced, it would need to be deemed prudent by
prospective home buyers to spend more than the justified percentage of household income in order to repay the costs of a
mortgage loan.
In order to justify the median home price level for each city, the median required household income level would need to
increase to the respective range of $88,295 and $156,010.
Based on the median household income level, the quarter ending national average mortgage loan interest rate, and the
assumption that no more than 28% of pre-tax household income should be spent in order to repay the principal and interest
costs of a mortgage loan, the justified home price level for the top five overpriced cities fell within the respective range of
$168,810 and $333,498.
10
Adkins 60-City
Home Price
Index
Median
Household
Income Level
Median
Home Price
Level
Justified
Mortgage
Loan
Interest
Rate
Justified
Percentage
of Household
Income
Required
Median
Household
Income
Level
Justified
Home Price
Level
Bridgeport, CT $35,379 $421,300 None 70% $88,295 $168,810
Honolulu $57,479 $677,600 None 70% $142,010 $274,260
New York City $49,461 $549,000 None 66% $115,059 $236,002
San Francisco $69,894 $744,400 None 63% $156,010 $333,498
Los Angeles $46,148 $481,900 None 62% $100,996 $220,194
Adkins Capital Management, LLC.
12. ARĤVA ANALYTICS - TOP FIVE UNDERPRICED CITIES IN THE U.S.
34 cities that make up the Adkins 60-City Home Price Index were classified as underpriced.
In order to classify homes in the top five underpriced cities as overpriced:
The national average mortgage loan interest rate would have to increase from 4.19% to more
than the justified mortgage loan interest rate for each city; or
It would have to be deemed imprudent by prospective home buyers to spend as much as the
justified percentage of household income in order to repay the costs of a mortgage loan.
11
Adkins 60-City
Home Price
Index
Median
Household
Income Level
Median Home
Price Level
Justified
Mortgage Loan
Interest Rate
Justified
Percentage of
Household
Income
Detroit, MI $25,193 $31,450 19.7% 8%
Wichita, KS $44,184 $128,900 8.95% 18%
Sioux Falls, SD $50,470 $162,400 7.9% 19%
Little Rock, AR $40,976 $135,600 7.6% 20%
Wilmington, DE $38,325 $130,200 7.3% 20%
Adkins Capital Management, LLC.
13. CONCLUSION
Given the events that have transpired in the residential housing market this century, and taking
into account the fact that buying a home will likely be the largest single financial transaction that
prospective home buyers will ever make, and the bulk of their net worth will likely be tied up in
their home, prospective home buyers should subscribe to use the ARĤVA Residential Real
Estate Analysis Software Application in order to accurately assess:
the level of underpricing or overpricing of homes in their community;
the largest amount of money they should spend in order to purchase a home;
the amount of money they would need to earn on an annual basis in order to be able to
afford to purchase a specific home;
total home ownership costs expressed as a percentage of household income; and
how much a home would need to appreciate in value each year in order to offset the
costs associated with owning the home.
By analyzing residential real estate from these perspectives, prospective home buyers should be
able to make a prudent home purchase decision.
12Adkins Capital Management, LLC.
14. residentialrealestateanalysis.com
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Adkins Capital Management
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