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Annie Williams Real Estate Report - September 2020Jon Weaver
Home Sales Continue to Surge, Prices Rise
Sales of single-family, re-sale homes jumped in August, rising 27.4% year-over-year. They were up 1.9% from July. There were 214 homes sold in San Francisco last month. The average since 2000 is 214. Year-to-date, home sales are down 18.8%. Condo sales are down 26%.
Annie Williams 2016 Annual Real Estate ReportAnnie Williams
Prices for single-family homes and condos/townhomes, while reaching new highs in 2016, ended the year with modest gains. The median prices for homes gained 4.2% compared to 2015. This is after four years of double-digit gains. The median price for condos/townhomes was essentially unchanged from 2015: up 0.8%. Again, after four years of double-digit gains. (See tables on next page for details.) Sales, on the other hand, were up last year. Single-family home sales rose 5.5% year-over-year. Home sales were at their highest level since 2005. Condo/townhome sales were up 0.6%.
Calvert Home Mortgage Real Estate and Economic Report for September 2015Keith Uthe
Calvert Home Mortgage provides a simplified breakdown of statistics and and information from the Calgary and Edmonton real estate markets and how they are affecting current home prices. You will also find the most recent statistics available for key Economic Fundamentals that influence the lending industry and real estate markets in Alberta.
Annie Williams Real Estate Report - November 2021Annie Williams
Sales of single-family, re-sale homes rose 5.6% year-over-year. Sales were up 27.3% from September. There were 303 homes sold in San Francisco last month. The average since 2000 is 214.
Annie Williams Real Estate Report - August 2021Annie Williams
The median sales price for single-family, re-sale homes fell 5.1% in July from June. Nevertheless, it rose 11.4% year-over-year.
The average sales price for single-family, re-sale homes fell 7.5% month-overmonth. Yet, year-over-year it was up 9.7%. Sales of single-family, re-sale homes rose again in July, up 14.1% year-over-year. Sales were down 20.8% from June. There were 243 homes sold in San Francisco last month. The average since 2000 is 214.
Annie Williams Real Estate Report - November 2020Jon Weaver
Home Sales Continue to Rise
Sales of single-family, re-sale homes rose again in October, gaining 10.5% year-over-year. They were up 22% from September. There were 283 homes sold in San Francisco last month. The average since 2000 is 214. Year-to-date, home sales are down 7.2%. Condo sales are down 14.4%.
Annie Williams Real Estate Report - June 2020Jon Weaver
Sales of single-family, re-sale homes tanked, again, in May compared to last year. Home sales were down 56.5%. There were 104 homes sold in San Francisco last month. The average since 2000 is 214. We expect home sales to continue dropping for the next two months.
TORONTO REAL ESTATE BOARD'S -- MARKET WATCH - JULY 2019Shawn Venasse
Toronto Real Estate Board President Michael Collins announced that Greater Toronto Area REALTORS® reported 8,595 sales through TREB's MLS® System in July 2019. This result was up by 24.3 per cent compared to July 2018. On a month-over-month basis, sales were up by 5.1 per cent, after preliminary seasonal adjustment.
New listings entered into TREB's MLS® System in July 2019 were up compared to July 2018, but by a much lesser annual rate than sales, at 3.7 per cent. With annual growth in sales far outstripping annual growth in new listings, market conditions clearly tightened compared to last year. Active listings at the end of July were down by 9.1 per cent year-over-year, further reflecting tightening market conditions.
As market conditions continued to tighten in July, the average selling price increased by 3.2 per cent on a year-over-year basis to $806,755. The MLS® Home Price Index Composite benchmark was up by 4.4 per cent. Higher density home types continued to drive price growth, whereas detached home prices remained down in many communities throughout the GTA.
Broadly speaking, increased competition between buyers for available properties has resulted in relatively strong price growth above the rate of inflation for semi-detached houses, townhouses and condominium apartments. However, the single-detached market segment, which has arguably been impacted most by the OSFI stress test, has experienced a slower pace of price growth, with average detached prices remaining lower than last year's levels in some parts of the GTA.
Provides creative directions and designs for clients in the fashion, beauty, cultural, literary, art, and architectural sectors. Areas of service include print, packaging, identity, fashion branding, advertising, publication, and copywriting.
Influenced by a diverse range of both tactile and intangible sources like architecture, fashion, sculpture, photography, films, Chinese landscape paintings, woodblock prints, as well as Concrete and Cubist poetry.
Has a very high interest in design education and multi-disciplinary design practices. Welcomes creative collaborations of any kind with product designers, architects, and artists.
Currently lives and works in Taipei, Taiwan, as the art director for Xue Xue Institute, a new international design and cultural institute in Taiwan.
Annie Williams Real Estate Report - September 2020Jon Weaver
Home Sales Continue to Surge, Prices Rise
Sales of single-family, re-sale homes jumped in August, rising 27.4% year-over-year. They were up 1.9% from July. There were 214 homes sold in San Francisco last month. The average since 2000 is 214. Year-to-date, home sales are down 18.8%. Condo sales are down 26%.
Annie Williams 2016 Annual Real Estate ReportAnnie Williams
Prices for single-family homes and condos/townhomes, while reaching new highs in 2016, ended the year with modest gains. The median prices for homes gained 4.2% compared to 2015. This is after four years of double-digit gains. The median price for condos/townhomes was essentially unchanged from 2015: up 0.8%. Again, after four years of double-digit gains. (See tables on next page for details.) Sales, on the other hand, were up last year. Single-family home sales rose 5.5% year-over-year. Home sales were at their highest level since 2005. Condo/townhome sales were up 0.6%.
Calvert Home Mortgage Real Estate and Economic Report for September 2015Keith Uthe
Calvert Home Mortgage provides a simplified breakdown of statistics and and information from the Calgary and Edmonton real estate markets and how they are affecting current home prices. You will also find the most recent statistics available for key Economic Fundamentals that influence the lending industry and real estate markets in Alberta.
Annie Williams Real Estate Report - November 2021Annie Williams
Sales of single-family, re-sale homes rose 5.6% year-over-year. Sales were up 27.3% from September. There were 303 homes sold in San Francisco last month. The average since 2000 is 214.
Annie Williams Real Estate Report - August 2021Annie Williams
The median sales price for single-family, re-sale homes fell 5.1% in July from June. Nevertheless, it rose 11.4% year-over-year.
The average sales price for single-family, re-sale homes fell 7.5% month-overmonth. Yet, year-over-year it was up 9.7%. Sales of single-family, re-sale homes rose again in July, up 14.1% year-over-year. Sales were down 20.8% from June. There were 243 homes sold in San Francisco last month. The average since 2000 is 214.
Annie Williams Real Estate Report - November 2020Jon Weaver
Home Sales Continue to Rise
Sales of single-family, re-sale homes rose again in October, gaining 10.5% year-over-year. They were up 22% from September. There were 283 homes sold in San Francisco last month. The average since 2000 is 214. Year-to-date, home sales are down 7.2%. Condo sales are down 14.4%.
Annie Williams Real Estate Report - June 2020Jon Weaver
Sales of single-family, re-sale homes tanked, again, in May compared to last year. Home sales were down 56.5%. There were 104 homes sold in San Francisco last month. The average since 2000 is 214. We expect home sales to continue dropping for the next two months.
TORONTO REAL ESTATE BOARD'S -- MARKET WATCH - JULY 2019Shawn Venasse
Toronto Real Estate Board President Michael Collins announced that Greater Toronto Area REALTORS® reported 8,595 sales through TREB's MLS® System in July 2019. This result was up by 24.3 per cent compared to July 2018. On a month-over-month basis, sales were up by 5.1 per cent, after preliminary seasonal adjustment.
New listings entered into TREB's MLS® System in July 2019 were up compared to July 2018, but by a much lesser annual rate than sales, at 3.7 per cent. With annual growth in sales far outstripping annual growth in new listings, market conditions clearly tightened compared to last year. Active listings at the end of July were down by 9.1 per cent year-over-year, further reflecting tightening market conditions.
As market conditions continued to tighten in July, the average selling price increased by 3.2 per cent on a year-over-year basis to $806,755. The MLS® Home Price Index Composite benchmark was up by 4.4 per cent. Higher density home types continued to drive price growth, whereas detached home prices remained down in many communities throughout the GTA.
Broadly speaking, increased competition between buyers for available properties has resulted in relatively strong price growth above the rate of inflation for semi-detached houses, townhouses and condominium apartments. However, the single-detached market segment, which has arguably been impacted most by the OSFI stress test, has experienced a slower pace of price growth, with average detached prices remaining lower than last year's levels in some parts of the GTA.
Provides creative directions and designs for clients in the fashion, beauty, cultural, literary, art, and architectural sectors. Areas of service include print, packaging, identity, fashion branding, advertising, publication, and copywriting.
Influenced by a diverse range of both tactile and intangible sources like architecture, fashion, sculpture, photography, films, Chinese landscape paintings, woodblock prints, as well as Concrete and Cubist poetry.
Has a very high interest in design education and multi-disciplinary design practices. Welcomes creative collaborations of any kind with product designers, architects, and artists.
Currently lives and works in Taipei, Taiwan, as the art director for Xue Xue Institute, a new international design and cultural institute in Taiwan.
R. Villano & A. Carosella - Rotary International - L'uomo come fine - demo 4Raimondo Villano
Abs. da: 3. A. Carosella - R. Villano “L’uomo come fine: attività del Distretto 2100 a.r. 1998 - 99”, Edizione multimediale su CD-ROM (patrocinato dal Distretto 2100 R. I., Ed. Eidos, 421 Mb - 554 file; Sorrento, luglio 2000);
Website jan-apr 2012 florida keys real estate marketJamie Engel
Florida Keys real estate market statistics from January to April 2012 brought to you by Jamie Engel and Coldwell Banker Schmitt Real Estate Co in the Florida Keys.
Annie Williams Real Estate Report - Sept 2018Jon Weaver
HARP® will end December 31, 2018. Introduced in March 2009, HARP enables borrowers with little or no equity to refinance into more affordable mortgages without new or
additional mortgage insurance. HARP targets borrowers with loan-to-value (LTV) ratios equal to or greater than 80 percent and who have limited delinquencies over the 12 months prior to refinancing.
Annie Williams Real Estate Report - January 2019Jon Weaver
Year-over-year, the median sales price for homes was up 18.1% and the average price gained 16.8%. That’s the fourteenth month in a row prices have been higher than the year before. Home sales fell 27.6% from November, and they were off 39.4% year-over-year. For the year, home sales were down 15.5%.
As a growing number of homebuyers, many of whom put their purchase on hold due to stricter lending guidelines, now reactivate their search, the expectation is for
renewed growth in home sales in the second half of 2013,"
500 acres of brilliance await you here at Riverview City which offers modern living, effortless convenience, and a beautiful natural setting. It is a mega township by Magarpatta City in Loni Kalbhor, Pune. Enjoy easy access to work, schools, and fun while experiencing a perfect work-life balance.
Visit - magarpattacity.developerprojects.in
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.
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/
Elegant Evergreen Homes - Luxury Apartments Redefining Comfort in Yelahanka, ...JagadishKR1
Experience unmatched luxury at Elegant Evergreen Homes, offering exquisite 2, 3, and 4 BHK apartments in the serene locality of Yelahanka, Bangalore. These meticulously crafted homes blend modern design with timeless elegance, providing a harmonious living environment. Enjoy top-tier amenities and a prime location, making Elegant Evergreen Homes the ideal choice for discerning homeowners.
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Vinra Construction is a private limited company registered under the ROC. The management has an experience of over 15 years of understanding the needs and delivering apt solutions to the end users We are providing turnkey solutions in construction fields. like Construction, Interior Designing Facility Management, Plantation Management, etc..
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Referans Bahcesehir which is being constructed, in the center of the most regional destination as Bahçeşehir, shines out with its central location and unique landscape including social facilities such as a fitness center, sauna, sports facilities, children’s playground and recreational areas.
Not only drawing attention for immediate surroundings including commercial centers and private schools but also providing the easily accessible location with closeness to Tem Highway and connection roads, ongoing construction of 3rd Bridge Connection roads and Metro Projects
Bahcesehir is a rising value in the great city of Istanbul… Located at a new transportation junction in the northwest of the City… Located at such a spot that the access roads for the 3rd bridge and for the 3rd Airport will reach the region in 2016. The Marmaray and the Subway will extend all the way to Referans Bahcesehir respectively in 2018 and 2019.
465 flats and 34 stores are designed with an outstanding approach and arranged with a unique perspective offering the following options: 1 plus 1, 2 plus 1, 3 plus 1, 3.5 plus 1, 4 plus 1, and 4.5 plus 1. It is planned so as to safeguard you and your loved ones based upon a modern, technological safety approach. As you experience the joy and luxury here, you will be content and feet at ease.
It is worth seeing both inside and outside with heart-warming cafes, tasty restaurants and elegant stores… And it is ready to offer a vivacious social life with a warm and cozy space design.
A folding swimming pool and indoor swimming pools, playgrounds, Turkish bath, sauna… It has them all. Everything you need for your well-being and for having a pleasant time will be at your service. You simply need to align the rhythm of life with the rhythm of Referans Bahcesehir.
https://listingturkey.com/property/referans-bahcesehir/
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/
Brigade Insignia offers meticulously designed apartments with modern architecture and premium finishes. The project features spacious 3,3.5,4 and 5 BHK units, each thoughtfully planned to provide maximum comfort, natural light, and ventilation.
https://www.newprojectbangalore.com/brigade-insignia-yelahanka-bangalore.html
Total Environment Tangled Up In The Green - Residential Plots Where Nature an...JagadishKR1
Embark on a journey where lush landscapes and contemporary living converge at Total Environment's Tangled Up In The Green Residential Plots in Devanahalli, Bangalore. Surrounded by verdant expanses, these plots offer an idyllic setting for your dream home. Immerse yourself in the serenity of nature while enjoying the finest amenities and design, where every moment is a harmonious blend of luxury and tranquility.
Lixin Azarmehr, a Los Angeles-based real estate development trailblazer, co-founded JL Real Estate Development (JL RED) in 2015 and serves as its CEO. Her expertise has propelled the firm to specialize in luxury residential and mixed-use commercial projects, with a portfolio that features upscale retail spaces and sophisticated care facilities.
Need MCA leads? No sweat! MCAs are great for small biz funding. Learn how to snag top-notch leads: businesses needing cash, with repayment ability, decision-makers, and accurate contacts. Use content, social ads, lead platforms, partnerships, and capture processes for quality leads.
https://www.leadgeneration.media/blog/b/streamline-your-mca-sales-process-with-pre-qualified-leads
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/
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/
Are you searching for your dream home? Finding the perfect house involves more than just browsing listings; it’s about discovering a space that fits your lifestyle and needs. Whether you’re looking for a cozy suburban home, a chic urban apartment, or a spacious rural property, the right real estate can transform your life. Consider the location, amenities, and potential for future growth. Think about the community, nearby schools, and the convenience of shopping and transportation. A good real estate agent can guide you through the process, from identifying suitable properties to negotiating the best deal. Your dream home is out there, waiting to be found – let’s embark on this journey together!
Omaxe Sports City Dwarka stands out as a premier residential and recreational destination, offering a blend of luxury and sports-centric living. Located in the thriving area of Dwarka, this project by Omaxe Limited is designed to cater to modern lifestyle needs while promoting a healthy, active living environment.
1. DFW Real Estate
“State of the Market”
David Fair & Britt Fair
Hexter-
Hexter-Fair Title Company
January 28, 2009
2. Roadmap of Today’s Discussion
p y
Current state of the DFW housing market
The big difference between the DFW
economy and housing market and those of
y g
the rest of the US
The “ace in the hole” for housing
ace hole
Conclusions
3. “State of the Market”
The most important word is “certainty”
The current economic uncertainty keeps people/businesses
from making big decisions, such as purchasing a home
Last Tuesday’s inauguration is first step to “certainty”
Ongoing government i
O i intervention i another k to
i is h key
repairing “certainty”
Bailouts of Wall Street firms (including Bank of America this
( g
month) to help keep liquidity in the market
Infusion in other areas (automakers, secondary mortgage
market, etc.) trying to stimulate economy and maintain jobs
, )yg y j
Foreclosure relief plan to help consumers is likely in next
tranche of TARP money
4. Today’s Market
NTREIS S l – YTD D ‘08
Sales Dec‘08
% Change % Change Average % Change
# of vs. Prior Average vs. Prior Days on vs. Prior
Sales Year Sale Price Year Market Year
S. Denton County 3,521 -21% $239,322 -4% 70 19%
N.
N Denton County 2,610
2 610 -12%
12% $151,098
$151 098 -5%
5% 75 -3%
3%
Frisco 2,790 -10% $295,517 1% 89 16%
Plano 3,429 -16% $274,276 -1% 68 24%
The Colony 523 -13% $149,272 -2% 69 19%
Carrollton/F.Branch 1,647 -11% $191,783 6% 61 11%
Coppell 530 -20% $312,513 7% 54 13%
Colleyville 373 -19% $515,652 -3% 73 18%
Grapevine 486 -16% $247,593
$247 593 3% 51 13%
Keller 750 -19% $339,281 5% 81 27%
Southlake 485 -19% $634,944 3% 78 10%
Trophy Club / Westlake 164 -15% $472,345 3% 85 25%
5. Today’s Market, cont’d
DFW S l YTD D ’08 (
Sales Dec’08 (page 1)
# sales YTD % change vs.
(12 mos 2008) prior year
i
Sale P i R
S l Price Range
$1 to $19,999 757 45%
$20,000 to $29,999 1225 40%
$30,000 to $39,999 1669
669 3%
32%
$40,000 to $49,999 1998 12%
$50,000 to $59,999 2042 0%
$60,000 to $69,999 2429 -2%
$70,000 to $
$ $79,999 2,937 -7%
$80,000 to $89,999 3,376 -14%
$90,000 to $99,999 3,493 -15%
$100,000
$100 000 to $109 999
$109,999 3,350
3 350 -21%
$110,000 to $119,999 4,051 -20%
$120,000 to $129,999 4,488 -18%
$130,000 to $139,999 4,125 -18%
$140,000 to $149,999 3,661 -17%
6. Today’s Market, cont’d
DFW S l YTD D ’08 (
Sales Dec’08 (page 2)
# sales YTD % change vs.
(12
( mos 2008) ) p
prior year
y
Sale Price Range
g
$150,000 to $159,999 3,354 -20%
$160,000 to $169,999 3,109 -21%
$170,000 to $179,999 2,775 -19%
$180,000
$180 000 to $189 999
$189,999 2,429
2 429 -15%
$190,000 to $199,999 1,975 -17%
$200,000 to $249,999 7,323 -15%
$250,000 to $299,999 4,777 -13%
$300,000 to $399,999
$300 000 t $399 999 4,921
4 921 -18%
18%
$400,000 to $499,999 2,194 -17%
$500,000 to $599,999 1,003 -18%
$600,000 to $699,999 661 -17%
$700,000 to $799,999 452 -18%
$800,000 to $899,999 258 -27%
$900,000 to $999,999 185 -20%
$1,000,000
$1 000 000 and more 822 -11%
11%
Total 75,839 -14%
8. Interest Rates Near Historic Lows
te est ates ea sto c o s
Conforming rates have fallen to 5% and below
below,
down from over 6% a year ago
Decline in conforming rates driven by US Treasury’s
purchase of $50 billi i 4Q’08 and F d will
h f billion in 4Q’08, d Fed ill
purchase $500 billion in first half of 2009
Many experts p j
yp project these secondary market p
y purchases
by the US government will drive rates to 4.5% and below
Refi boom is currently starting, which then works its way
through economy, but not as many p p or homes will
g y y people
qualify as in last refi boom
Jumbo rates have not fallen as fast as those of
conforming loans
9. Sep’07 Spike in “Jumbo Spread”
Source: Freddie Mac & HSH Associates
10. Sp e
Spike in “Jumbo Spread”
Ju bo Sp ead
Spread between conforming and jumbo rates
continues to be much larger than normal
158 b spread on 1/26/09 per b k t
b.p. d 1/26/09, bankrate.com
(7.00% versus 5.42% conforming)
Increased spread likel slo ing do n some
likely slowing down
qualified homebuyers in higher price ranges
The spread will eventually return to a more
normal range with the return to “certainty”
11. Strong DFW economy keeps real
g y p
estate values up
Strong job creation
Continuing corporate and individual
g p
relocations
Oil & gas industry especially in the Barnett
industry,
Shale!
Barnett Shale created 83k jobs in 2007 and
generated $8.2 billion into the local economy
13. Employment Changes - 1/08 to 12/08, pg
py g / / , pg.2
Prelim Dec. Year/Year
Dec. 2007 2008 Change
State
Mississippi 1,154,600 1,128,400 ‐26,200
Nevada
N d 1,293,300
1 293 300 1,261,100
1 261 100 ‐32,200
32 200
New York 8,781,100 8,661,200 ‐119,900
North Carolina 4,187,700 4,067,500 ‐120,200
Ohio 5,418,700
5 418 700 5,329,700
5 329 700 ‐89,000
89 000
Oregon 1,740,600 1,695,200 ‐45,400
Pennsylvania 5,808,300 5,732,100 ‐76,200
Rhode Island 490,800 468,800 ‐22,000
22,000
South Carolina 1,958,100 1,903,900 ‐54,200
Tennessee 2,806,800 2,742,700 ‐64,100
Texas 10,475,100 10,628,800 153,700
Utah 1,264,800 1,237,700 ‐27,100
Vermont 308,500 302,700 ‐5,800
Washington 2,958,300 2,920,200 ‐38,100
Wisconsin 2,882,100 2,819,500 ‐62,600
Source: US Bureau of Labor Statistics
14. Job creation 12/07 to 11/08
/ /
US Metro Areas
12-Month Job
Rank Metro Area Growth
1 Houston-Sugarland-Baytown 54,300
2 Dallas-Fort Worth-Arlington 46,900
3 Washington-Arlington-Alexandria
Washington Arlington Alexandria 31,100
31 100
4 Seattle-Tacoma-Bellevue 19,900
12 Month
12-Month
Rank Metro Area Growth Rate
1 Houston-Sugarland-Baytown 2.10%
2 San Antonio 2.00%
3 Austin-Round Rock 1.60%
4 Dallas-Fort Worth-Arlington 1.60%
5 Virginia Beach-Norfolk-Newport News 1.50%
Source: US Bureau of Labor Statistics
15. Positive signs in DFW housing
g g
5.7 months’ inventory on home resale listings
Six months is generally considered equilibrium
g y q
Continued population growth offers support
DFW has only 3 1 months’ inventory of new
3.1 months
home (finished and vacant) inventory, per
Metrostudy
Builders have shown significant restraint in
keeping housing starts low
16. PMI U.S. Market Risk Index:
US
DFW steady despite US uncertainty
On 1/14/09, The PMI Group released a study which
measures the riskiness of the 50 largest MSAs in the US
Risk measured as the % chance that home prices will be
lower in 2 years
The 5 markets with the highest risk:
g
1. Riverside, CA: 99.9% chance of price decline
2. Miami, FL : 99.9% chance of price decline
3. Fort Lauderdale, FL: 99.8% chance of price decline
4. Los Angeles, CA: 99.8% chance of price decline
5. West P l B
5 W t Palm Beach, FL 99.6% chance of price decline
h FL: 99 6% h f i d li
17. PMI U S Market Risk Index, continued:
U.S. Index
DFW steady despite US uncertainty
The 5 MSAs with the lowest risk of a price
decline in the next two years:
46.San Antonio : 1% chance
47.Pittsburgh,
47 Pittsburgh PA: <1% chance
48.Houston-Sugar Land-Baytown: <1% chance
49.Fort Worth-Arlington: <1% chance
49 F t W th A li t 1% h
50.Dallas-Plano-Irving: <1% chance
18. S&P Case-Shiller Index:
Case-
DFW flat relative to national price declines
Monthly analysis of price changes in 20 major
US markets
November’s price index released 1/27/08
Showed that NATIONAL prices had
declined by a record 18.2% year over year
However, Dallas area had just a 3.3% price
decline over that same period, which was
the best of the 20 markets measured
19. Housing’s “Ace in the Hole”
Inflation!!!
Typically considered to be something bad
yp y g
In fact, the Fed’s mandate is quot;to promote effectively the
goals of maximum employment, stable prices, and
moderate long term interest rates
long-term ratesquot;
However, today’s economic environment is
anything but typical
We are currently experiencing “DEFLATION”, which
governments hate even more than inflation
20. Housing’s “Ace in the Hole”, cont’d
How i fl i will ultimately l
H inflation ill l i l loom over us
US leaders (Congress, President, Treasury Secretary, the Federal
Reserve, etc.) doing everything possible to keep economy from
collapsing
Original $700 billion bailout
$350 billion for equity investments in banks
Remaining $350 billion to make other investments
Tax rebate(s) of 2008
Lowered Fed Funds rate to 0.25%
Obama’s $850 billion “second bailout” announced in mid-January
Fed’s balance sheet has climbed from $850 billion to $2.25 trillion in two
months, with promises to spend $1 trillion more
The same thing is happening in many nations across the globe
Governments are printing money and throwing it at the problem!!!
21. Housing’s “Ace in the Hole”, cont’d
How inflation will help real estate
The value of commodities (gold, real estate, oil,
etc.) rises without any i
t)i ith t increase i underlying
in d l i
demand
Because real estate is typically purchased with the
leverage of a mortgage, this inflation will provide a
higher percentage return than other commodities
Such a rise will actually “bail out” many
homeowners who are “under water” on their
mortgages, p
g g , preventing future foreclosures
g
22. Housing’s “Ace in the Hole”, cont’d
Why governments might err toward inflation
Individuals on the brink of foreclosure get “bailed
out” without anyone having t go on record voting
t” ith t h i to d ti
for it
Banks get bailed out because their distressed
assets gain in value before they have to be
marked to market
Additional benefit of minimizing impact of defined
future payments (automaker pensions, Social
Security,
Security national debt payments etc )
payments, etc.)
23. Housing Market Crystal Ball
January always is the slowest month for residential sales
Seasonal uptick begins thereafter
Construction to remain sluggish until summer
Building rebound date dependent on each neighborhood s
neighborhood’s
supply/demand
Inflationary pressures toward the end of 2009 will make real
estate in stable markets like DFW an excellent i
t t i t bl k t lik ll t investment
t t
As “certainty” (from federal bailouts, interest rates, job security,
inauguration, etc.) returns over the coming months, DFW
residential market is poised to rebound in the spring of 2009
National market will not rebound until 2010