The document provides an analysis of the real estate market in Princeton and Greater Princeton, NJ from January 2020. It discusses inventory levels, pending sales, absorption rates and other metrics to analyze the current state of the market across different towns. Recent data shows a stabilization of inventory levels after years of steady increases and absorption rates returning to more normal levels of 5-6 months. The local real estate market appears to have hit bottom and modest price increases are expected going forward.
Will the US election trump the economy in 2017?RBS Economics
With the 2016 US Presidential election approach there have been questions about what this could mean for the US economy in 2017. In this blog, economist Rupert Seggins draws on the historical experience of the US and its G7 peers to offer an answer.
While this time may be different, history suggests that the bar for a President-caused US recession in 2017 is set much higher than may commonly be thought.
Will the US election trump the economy in 2017?RBS Economics
With the 2016 US Presidential election approach there have been questions about what this could mean for the US economy in 2017. In this blog, economist Rupert Seggins draws on the historical experience of the US and its G7 peers to offer an answer.
While this time may be different, history suggests that the bar for a President-caused US recession in 2017 is set much higher than may commonly be thought.
Policy Uncertainty Increased by Abbott’s Ouster - Prime Minister Tony Abbott has been ousted as leader of the main governing Liberal Party (LP), and will be replaced as head of government by Malcolm Turnbull, who convinced enough of his party colleagues that the coalition of the LP and its traditional partner, the National Party (NP), would lose
IAR Public Policy Meetings, January 26, 2011.
Presented by Geoffrey J.D. Hewings, Director, Regional Economics Applications Laboratory - University of Illinois Institute of Government and Public Affairs
As the Chinese authorities inject a fresh $1trn in new credit in the first quarter of 2016, Economist Marcus Wright examines this latest development and what it means for China and the world economy.
Our coverage of the Americas this month includes a new report on Costa Rica, where the legislature continues to block tax reforms proposed by President Luis Guillermo Solís, even as the country pushes ever-closer to a full-blown fiscal
This is a big picture overview of the social and economic transformation of the USA in the last 20 years. Great wealth and prestige has been lost, the manufacturing and agriculture sectors have declined. The middle class has been decimated and great wealth inequality has been created. Government is under control of big corporations, especially in finance, and effective government agency has been lost.
Policy Uncertainty Increased by Abbott’s Ouster - Prime Minister Tony Abbott has been ousted as leader of the main governing Liberal Party (LP), and will be replaced as head of government by Malcolm Turnbull, who convinced enough of his party colleagues that the coalition of the LP and its traditional partner, the National Party (NP), would lose
IAR Public Policy Meetings, January 26, 2011.
Presented by Geoffrey J.D. Hewings, Director, Regional Economics Applications Laboratory - University of Illinois Institute of Government and Public Affairs
As the Chinese authorities inject a fresh $1trn in new credit in the first quarter of 2016, Economist Marcus Wright examines this latest development and what it means for China and the world economy.
Our coverage of the Americas this month includes a new report on Costa Rica, where the legislature continues to block tax reforms proposed by President Luis Guillermo Solís, even as the country pushes ever-closer to a full-blown fiscal
This is a big picture overview of the social and economic transformation of the USA in the last 20 years. Great wealth and prestige has been lost, the manufacturing and agriculture sectors have declined. The middle class has been decimated and great wealth inequality has been created. Government is under control of big corporations, especially in finance, and effective government agency has been lost.
Bill McConnell provides his white paper on the state of the construction industry. 2010 was a recovery year from the Great Recession. Learn valuable insights about the construction industry during this year of recovery.
2010 Real Estate Market Forecast: Jed Smith Real Estate Roundtable PresentationKent Simpson
Real estate market forecast for the rest of 2010 provided by Jed Smith, economist for National Association of REALTORS - presented on the Real Estate RoundTable show on BlogTalkRadio March 5, 2010.
Whether the Great Recession has ended remains debatable in the second quarter of 2010, though many economists believe that the recession, begun in December 2007, probably ended sometime in the third or fourth quarter of 2009. Recovery also remains debatable. Fears over a double-dip
recession persist.
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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.
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.
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.
Simpolo Tiles & Bathware
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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.
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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.
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.
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/
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.
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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.
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Keep Your Home Naturally Cool and Warm Out Change in Seasons
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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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/
1. Weichert, Princeton Office January Market Update Seminar Offers analysis of the Princeton & Greater Princeton, NJ real estate markets & effective strategies to buy and sell.
2. Presented by: Joshua D Wilton Broker/ Sales Rep. Weichert Realtors Princeton, NJ O 609-921-1900 www.weichert-princeton.com www.facebook.com/weichertprinceton
3. Presented by: The presentation will be posted on the following site immediately after today’s session to the following site. Will be available for downloads thru Monday. www.weichert-princeton.com www.facebook.com/weichertprinceton
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6. ‘ The U.S. economy is experiencing its worst recession in decades. Jobs and wealth are falling at a rapid pace, driving families more quickly into default, foreclosure, and bankruptcy. This crisis is precipitated by a sharp drop in consumer spending, as well as a decline in business investment and the fact that the United States continues to import more than it exports. The only sector of the economy that can turn the situation around is the federal government, but irresponsible management in the past has created large, looming deficits that will make it harder to design the necessary stimulus and economic recovery package. 1. GDP growth turns negative. The gross domestic product declined at an annual rate of 0.5 percent in the third quarter of 2008—the largest decline since the third quarter of 2001. The drop in growth followed a 3.8% decline in consumer spending—the largest decrease since the second quarter of 1980. Spending on homes also declined by 16.0% in the third quarter of 2008, marking the 11th quarterly decline in a row and the longest continuous decline in residential real estate spending since the 11th quarter period that ended in March 1958. 2. Job losses accelerate. The U.S. economy lost 2.6 million jobs in 2008, including 524,000 jobs in December. Fifty-nine percent of job losses came during the last quarter. 3. Unemployment rates reflect broad labor market recession. The unemployment rate was 7.2% in December 2008—the highest level since January 1993. The African-American unemployment rate stood at 11.9%, the Hispanic unemployment rate at 9.2%, and the unemployment rate for whites at 6.6% in December 2008. 4. The job market recession is the most severe in decades. The labor market shrunk by 1.9% over the course of 2008—the fastest decline during the 12 months after a recession started since the recession that started in May 1960. The unemployment rate rose 2.3% during the first 12 months of the recession—the fastest such increase since the recession that started in January 1970. 5. Wages have temporarily outgrown inflation. Factoring in inflation, hourly wages were 2.3% and weekly wages were 3.3% higher in November 2008 than in December 2007. These increases followed lower prices in November 2008 and are unlikely to continue. 6. Benefits decreased before the crisis. The share of private sector workers with a pension dropped from 50.3% in 2000 to 45.1% in 2007, and the share of people with employer-provided health insurance dropped from 64.2% in 2000 to 59.3% in 2007. Source: Americanprogress.org
7. 8. The housing crisis deepens. New home sales in November 2008 were 35.3% lower and existing home sales were 10.6% lower than a year earlier. Median sale prices for new homes dropped by 11.5% and those for existing homes by 13.2% during the same time. It would take more than 11 months to sell all houses on the market at the current rate of new home sales. This has been true for four months in a row now, making this the worst new home sales market since the Census Bureau collected these data in 1963. 9. Homeowners lose wealth. The values of all homes fell by $656 billion in the third quarter of 2008 after accounting for inflation, and they were 13.6% or $2.4 trillion lower than a year earlier, making it the largest such drop since the Federal Reserve collected these data in 1952. Home equity as a share of home values also fell to a record low of 44.7% in the third quarter of 2008. 10. Mortgage troubles mount. One in 10 mortgages is delinquent or in foreclosure. The share of mortgages that were delinquent during the third quarter of 2008 was 7.0%, and the share of mortgages that were in foreclosure was 3.0%. The share of new mortgages going into foreclosure stayed at its record high of 1.1% in the third quarter. 11. Families feel the pressure. Credit card defaults rose to 5.6% of all credit card debt by the third quarter of 2008—an increase of 35.4% from the fourth quarter of 2007. 12. Business investment declines. Business investment declined by 1.7% in the third quarter of 2008—the largest decline since the first quarter of 2004. Business spending on equipment and software also dropped for the third quarter in a row, the longest such decline since the first quarter of 2002. 13. The trade deficit remains high. The trade deficit stood at 4.9% of GDP in the third quarter of 2008. Despite declining slightly, the trade deficit remains at a historically high and ultimately unsustainable level. 14. Large deficits are looming. Following years of fiscal and economic mismanagement, the federal government’s deficit is expected to reach $1.2 trillion in 2009, even before a necessary economic stimulus has been enacted. Source: Americanprogress.org
8. ‘ Congrats! You Just Lived Through the Worst Stock Market Drop Since the Depression’ -about.com Source: Autodata We Survived…
9. ‘ TARP… BAILOUTS… CREDIT CRUCH… “TBTF” RECESSIONISTA… CREDIT DEFAULT SWAP’ Source: Autodata We learned a new vocabulary…
11. WSJ estimates over $8.4 trillion lost in the stock market crash. Source: wsj
12. From the end of 2006 through March 31, it says, the total market value of U.S. household real estate fell from $21.9 trillion to $17.9 trillion. That's about 18%. (The lost wealth works out at just over $13,000 for every person in the country.) Source: wsj
17. A real estate market correction was taking shape the summer of 2001… Inventory was growing… Rates were edging up… Contracts were slowing…
18. Listings from the MLS in Weichert Market Areas In our local area (CT/NY/NJ Lehigh Valley, PA), the number of homes for sale (Weichert and non-Weichert listings) has steadily increased over the past four years. Variance % 2009 from 2008 NY (Ashby) -9.26% CT (Doepper) +1.44% Passaic/Hudson/Bergen NJ (Bixon) +.32% Western Central NJ/Lehigh Valley PA (McDonald) +.32% Northern and Central NJ (Prevete) +.28% Eastern Central/Shore Points NJ (Waters) +.08% Southern NJ (Williams) -.03%
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20. A long term outlook in Mercer County… Source: NAR, November 2008 Forecast
21. Long Term Supply … Source: NAR, November 2008 Forecast Richardson Commercial
23. Long Term Demand in Mercer County … Source: NAR, November 2008 Forecast Source: https://edis.commerce.state.nc.us/docs/countyProfile/NJ/34021.pdf (Mercer County) Population & Growth Population Annual Growth Rate 2013 Total Population 383,677 0.6% 2008 Total Population 371,963 0.7% 2000 Total Population 350,761
24. Long Term Demand in Mercer County … Source: NAR, November 2008 Forecast Source: https://edis.commerce.state.nc.us/docs/countyProfile/NJ/34021.pdf Estimated Pop. by Age Pop by Age, % Est. 2013 Median Age 39 2008 Median Age 38 2000 Median Age 36 2008 Total Pop 0-19 98,816 26.6% 2008 Total Pop 20-29 49,307 13.3% 2008 Total Pop 30-39 49,497 13.3% 2008 Total Pop 40-49 58,288 15.7% 2008 Total Pop 50-59 51,605 13.9% 2008 Total Pop 60+ 64,450 17.3%
25. Fast Forward to today… Have we hit the bottom of the market yet…?!?!?!? Source: NAR, November 2008 Forecast
27. Where is the bottom of the market? “ The effects (of foreclosures) are continued declining prices….probably another 5-8%* to the bottom. As for the effect of foreclosure pricing, all of these problems are causing home prices to go lower than is necessary from an affordability perspective . That’s because everyone is now worrying about job security. As a result, the recovery will take place at a faster pace once it gets started.” – Jeff Otteau (otteau.com- January 2009)
28. ‘ Real Estate is a Bottom up market…’ “ Everything I am seeing tells me we have arrived at the bottom of the market, specifically in the popular and affordable price ranges.” J. Weichert 6/2009
30. Months Supply of Lower Priced Single Family Homes Falling Source: NAR (Unpublished data) Price Category August 2008 August 2009 $99,999 or less 6.8 4.3 $100,000 to 249,999 7.8 4.9 $250,000 to $499,999 10.2 6.4 $500,000 to $749,999 14.0 10.0 $750,000 to $999,999 16.5 10.5 $1,000,000 to $1,999,999 19.8 15.2 $2,000,000 or greater 32.0 31.7 All Single-family 10.0 8.2
31. Statistically speaking, there are grounds for modest optimism that prices will trend upward in the near future, said the market analyst Jeffrey Otteau, whose Otteau Valuation Group continuously tracks sales data in 21 counties for real estate companies. Mr. Otteau cited one recent report indicating that New Jersey was one of a half dozen “breakout” states in which prices had already begun to creep up in the second half of 2009. That report came from the Federal Housing Finance Agency, which indexes purchase prices of homes with mortgages guaranteed by Freddie Mac and Fannie Mae. Looking at data from the entire period of the slide — the start of 2006 through the third quarter of 2009 — Mr. Otteau concluded that the state’s residential market “didn’t get hammered all that bad” compared with the nation at large, and was likely to recover faster. Optimism About the New Year… -nytimes.com
44. 1. Real Estate is Local Top Five Rules for Understanding the Real Estate Market: 2. Real Estate is Local 3. Real Estate is Local 4. Real Estate is Local 5. Real Estate is Local
46. Market Absorption Scale (Absorption Rate in Months) 5-6 months absorption rate indicates a normal market.
47. Towns Active Listings Pending in Last 30 Days Absorption Rate in Months New Listings in 30 Days Net Gain (Loss) to Market Listings Reduced in 30 Days % of Invent. Reduced Expired Listings W/drawn Listings Closed Listings Princeton Boro: All Styles 29 1 29 4 3 3 10% 1 3 4 Pton -Boro Condo/ Thouses 5 0 99 1 1 0 0 0 0 1 Pton-Boro Single Family 24 1 24 3 2 3 13% 1 3 3 Pton Twp: All Styles 77 3 25.6 17 14 12 16 9 3 14 Pton Twp: Condo/ Thouses 7 0 99 4 4 3 43 1 1 7 Pton Twp: Single Family 70 3 23.3 13 10 9 13 8 2 7
48. Towns Active Listings Pending in Last 30 Days Absorption Rate in Months New Listings in 30 Days Net Gain (Loss) to Market Listings Reduced in 30 Days % of Invent. Reduced Expired Listings W/drawn Listings Closed Listings West Windsor: All Styles 76 18 4.2 15 (3) 18 23.7 13 5 21 West Windsor Condo/ T.Houses 18 3 6 8 5 5 5 27 8 1 West Windsor 55+ 12 0 99 - - - - - - - West Windsor Single Family 46 15 3.0 7 8 13 28.2 5 4 20 Lawrence: All Styles 188 19 9.8 33 14 23 12.2 14 6 25 Lawrence: Condo/ THouses 63 8 7.8 17 9 12 19 3 3 14 Lawrence: 55+ 24 0 99 - - - - - - - Lawrence: Single Family 91 11 8.2 16 5 11 12.0 11 3 11
49. Towns Active Listings Pending in Last 30 Days Absorption Rate in Months New Listings in 30 Days Net Gain (Loss) to Market Listings Reduced in 30 Days % of Invent. Reduced Expired Listings W/drawn Listings Closed Listings Ewing: All Styles 204 18 11.3 31 13 23 11.2 33 1 16 Ewing : Condo/ T.Houses 36 5 7.2 3 (2) 4 11.1 3 0 2 Ewing 55+: 4 0 99 - - - - - - - Ewing: Single Family 164 13 12.6 28 15 19 11.5 30 1 14 East Windsor: All Styles 139 15 9.2 20 5 20 14.3 21 6 18 East Windsor: Condo/ THouses 79 11 7.1 14 3 13 16.4 18 5 9 East Windsor: 55+ 13 0 99 - - - - - - - East Windsor: Single Family 77 4 11.8 6 2 7 14.9 3 1 9
50. Towns Active Listings Pending in Last 30 Days Absorption Rate in Months New Listings in 30 Days Net Gain (Loss) to Market Listings Reduced in 30 Days % of Invent. Reduced Expired Listings W/drawn Listings Closed Listings Robbinsville All Styles 83 8 10 17 9 11 13% 5 4 12 Robbinsville Condo/ T.Houses 45 4 11 11 7 8 17% 1 2 5 Robbinsville 55+ - - - - - - - - - - - 38 4 9.5 6 2 3 7% 4 2 7 Hightstown Boro: All Styles 46 5 9 2 (3) 1 2% 8 2 3 Pennington 18 2 9 2 0 4 22 3 0 2 Hopewell Boro: All Styles 13 0 99 4 4 1 7 1 0 0
51. Towns Active Listings Pending in Last 30 Days Absorption Rate in Months =Ag New Listings in 30 Days Net Gain (Loss) to Market Listings Reduced in 30 Days % of Invent. Reduced e Expired Listings W/drawn Listings Closed Listings Hopewell Twp. All Styles 123 14 9 6 (8) 16 13% 14 8 13 Hopewell Twp. Condo/ T.Houses 10 1 10 0 (1) 1 10% 2 0 1 Hopewell Twp.: 55+ 2 0 99 - - - - - - - Hopewell Twp. Single Family 113 13 9 6 (7) 15 13% 12 8 12 Hamilton: All Styles 462 30 15 67 37 54 12% 63 20 42 Hamilton: Condo/ THouses 97 12 8 26 14 13 13% 11 7 17 Hamilton: Single Family 334 18 19 41 23 41 12% 52 13 25 Hamilton: 55+ 31 0 99 - - - - - - - -
52. Towns Active Listings Pending in Last 30 Days Absorption Rate in Months New Listings in 30 Days Net Gain (Loss) to Market Listings Reduced in 30 Days % of Invent. Reduced Expired Listings W/drawn Listings Closed Listings PlainsboroAll Styles 46 9 8.1 13 7 16 38% 12 2 6 Plainsboro Condo/ THouses 29 4 7.2 11 7 7 23% 8 2 4 Plainsboro 55+ 7 0 99 0 0 3 42% 2 0 0 Plainsboro Single Family 14 2 7 2 0 6 42% 2 0 2 Cranbury: All Styles 25 0 99 0 0 1 3 2 0 1 Cranbury: 55+ 2 0 99 0 0 0 0 0 0 0 Cranbury: Single Family 23 0 99 0 0 1 4 2 0 1
53. Towns Active Listings Pending in Last 30 Days Absorption Rate in Months g New Listings in 30 Days Net Gain (Loss) to Market Listings Reduced in 30 Days % of Invent. Reduced Expired Listings W/drawn Listings Closed Listings South Brunswick All Styles 169 13 13 37 24 23 14% 21 4 1 South BrunswickCondo/ T.Houses 36 8 4,5 13 5 8 22% 8 0 0 South Brunswick 55+ 31 0 0 9 9 4 12% 2 0 0 South Brunswick Single Family 102 5 20.5 15 10 11 11% 11 4 1 Monroe: All Styles 428 30 28.8 79 49 65 15% 62 7 5 Monroe: 55+ 268 24 12 54 30 44 16% 40 5 2 Monroe: Single Family 160 6 26.5 25 19 21 13% 22 2 3
54. Towns Active Listings Pending in Last 30 Days Absorption Rate in Months New Listings in 30 Days Net Gain (Loss) to Market Listings Reduced in 30 Days % of Invent. Reduced Expired Listings W/drawn Listings Closed Listings South Brunswick All Styles 196 21 9 54 3 22 11% 21 18 36 South Brunswick Condo/ T.Houses 61 10 6 27 17 8 13% 6 8 16 South Brunswick 55+ 30 1 30 2 1 3 1% 2 3 3 South Brunswick Single Family 105 11 9.5 25 14 11 10% 13 7 21 Monroe: All Styles 471 30 16 107 77 57 12% 62 4 57 Monroe: 55+ 302 27 13 70 43 36 12% 26 3 44 Monroe: Single Family 168 13 13 37 24 21 13% 36 1 12
55. Market Absorption Scale (Absorption Rate in Months) 5-6 months absorption rate indicates a normal market.
56. Absorption Rate by Price Range Weichert has been studying market conditions for more than 3 decades and has found a direct correlation between market absorption and property values. As absorption rates increase beyond a normal market level of 5-6 months, property values depreciate annually .
57. Sample Market Absorption Rate 107 current active listings 4 reported sales in last 30 days = 24.3 months absorption rate Anytown., NJ 5-6 Months Market Absorption Rate indicates a normal market.
58. Market Scale for Supply & Demand High Supply/Low Demand Low Supply/High Demand Normal Weichert has been studying market conditions for more than 3 decades and has found a direct correlation between market absorption and property values. As absorption rates increase beyond a normal market level of 5-6 months, property values depreciate annually. Note: This Market Scale is valid only for absorption rates between 1 and 12 months. Market Absorption in Months 1 2 3 4 5 6 7 8 9 10 11 12 Normal
60. West Windsor Absorption Rate By Price Towns Active Listings Pending in Last 30 Days Absorption Rate in Months 0-$500 46 6 7.6 $500-750k 24 3 8 $750-999 8 3 2.6 $999 + 4 0 99
61. Understand the Market That You are Buying/ Selling in… I want to live/ sell in Princeton…..
62. Market Absorption Scale (Absorption Rate in Months) 5-6 months absorption rate indicates a normal market.
63. Hopewell Twp. 120 current active listings 14 reported sales in last 30 days = 9 months absorption rate 5-6 Months Market Absorption Rate indicates a normal market. All Prices: All Styles
64. Hopewell Twp. 62 current active listings 7 reported sales in last 30 days = 8.8 months absorption rate 5-6 Months Market Absorption Rate indicates a normal market. 0-$600, All Styles
65. Hopewell Twp. 7 current active listings 4 reported sales in last 30 days = 1.75 months absorption rate 5-6 Months Market Absorption Rate indicates a normal market. 0-$600k Townhouses
66. Hopewell Twp. 30 current active listings 0 reported sales in last 30 days = 99 months absorption rate 5-6 Months Market Absorption Rate indicates a normal market. 999+ Single Family
67. 2. ‘I am going to time the Market and buy/ sell at the time when inventory & buyer count is in my favor…’ Source: MLS
70. 3. ‘I am going to wait until the price comes down further and then make an offer/ if I lower my price I will get lower bids… Source: MLS
71. Source: trend mls Relationship of Price Reductions to ‘Pending Sales’
72. Town by Town Analysis 9/21/09 Towns Active Listings Pending in Last 30 Days Absorption Rate in Months New Listings in 30 Days Net Gain (Loss) to Market Listings Reduced in 30 Days % of Invent. Reduced Expired Listings W/drawn Listings Closed Listings South Brunswick All Styles 196 21 9 54 3 22 11% 21 18 36 South Brunswick Condo/ T.Houses 61 10 6 27 17 8 13% 6 8 16 South Brunswick 55+ 30 1 30 2 1 3 1% 2 3 3 South Brunswick Single Family 105 11 9.5 25 14 11 10% 13 7 21
73. Source: trend mls Relationship of Price Reductions to ‘Pending Sales’
74. Source: trend mls Relationship of Price Reductions to ‘Pending Sales’
75. Source: trend mls Relationship of Price Reductions to ‘Pending Sales’
79. Jeff Smith, Gold Services Manager/ Loan Officer Financial Benefits and Process of Home-Ownership.
80. ‘ I don’t want to buy a house and then watch it drop in value!’
81. Purchase Price $329,000 Loan Amount $317400 Down Payment $11,515 Monthly P&I $1802 Appreciation/Depreciation Home Value 1st Year -3% $319,130 2nd Year 0% $319,130 3rd Year 1% $322,321 4th Year 3% $331,990 5th Year 5% $348,590 5 Year Appreciation/Depreciation $19,500 Tax Benefit Vs Paying Rent @ $1600/mo 1st Year $5,000 $19,200 2nd Year $5,000 $19,200 3rd Year $5,000 $19,200 4th Year $5,000 $19,200 5th Year $5,000 $19,200 5 Year Total $25,000 $96,000 Total Gain $44,200 Create Equity v Pay Rent
82. + The Amortization Schedule on a Loan = Total 5 Year Gain: $59,922 Yearly Schedule of Balances and Payments Year Beginning Balance Payment Principal Interest Cumulative Principal Cumulative Interest Ending Balance 2010 $315,646.96 $21,625.92 $4,374.96 $17,250.96 $6,128.00 $24,508.72 $311,272.00 2011 $311,272.00 $21,625.92 $4,621.30 $17,004.62 $10,749.30 $41,513.34 $306,650.70 2012 $306,650.70 $21,625.92 $4,881.98 $16,743.94 $15,631.28 $58,257.28 $301,768.72 2013 $301,768.72 $21,625.92 $5,157.36 $16,468.56 $20,788.64 $74,725.84 $296,611.36 2014 $296,611.36 $21,625.92 $5,448.28 $16,177.64 $26,236.92 $90,903.48 $291,163.08
83. A Great Time to Buy a Home First-time homebuyers can receive a tax credit up to $8,000! NEW TAX CREDIT Current homeowners may be eligible for a tax credit up to $6,500!
84.
85. The NEW First-Time Buyer Tax Credit Amount 10 percent of the cost of the home, not to exceed $8,000 Property Any home that will be used as a principal residence including single-family homes, condos, townhomes and co-ops; not to exceed $800,000 Refundable Reduces income tax liability for the year of purchase Income Limit Adjusted gross income of $125,000 for single or $225,000 for joint tax returns INCREASED (Effective Nov. 7, 2009) ! First-Time Must not have owned a principal residence in three years prior to purchase Limitation If home is sold within three years of purchase, entire amount of credit is recaptured Effective Date Purchases with closing/settlement between Nov. 7, 2009, and June 30, 2010 EXTENDED ! Deadline Written binding contract on or before April 30, 2010, with closing/settlement by June 30, 2010 EXTENDED !
86. The NEW Current Homeowner Tax Credit Amount Up to $6,500 Eligibility Must have used the home sold or being sold as a principal residence consecutively for 5 of the previous 8 years Purchased Home Any home that will be used as a principal residence including single-family homes, condos, townhomes and co-ops; not to exceed $800,000 Refundable Reduces income tax liability for the year of purchase Income Limit Adjusted gross income of $125,000 for single or $225,000 for joint tax returns Recapture If home is sold within three years of purchase, entire amount of credit is recaptured Effective Date Purchases with closing/settlement between Nov. 7, 2009, and June 30, 2010 Deadline Written binding contract on or before April 30, 2010, with closing/settlement by June 30, 2010
101. 2 . The Effect of Staging on the Value of a Home .
102. The process of preparing homes for sale regardless of Price, Location, or Condition To achieve the maximum sales price in the minimum marketing time. The GOAL is to appeal to the broadest range of BUYERS .
108. Based on a StagedHomes.com survey of over 400 homes across Canada & the Continental US prepared for sale by an Accredited Staging Professional (ASP™) from June 2007 through November 2007.
109. Why Promote Home Staging ? The average increase in sales price of an ASP Staged vs. non-Staged home is 6.9% . That is an additional $31,050 on a $450,000 sale.
110. The average marketing time of an ASP Staged vs. non-Staged home is 80% less . Why Promote Home Staging ?
111. 3. The Effect of ‘ Pre-Inspection’ on the Sale of Your Home.
113. Home Inspection WHAT DOES PRE-INSPECTION INCLUDE? The standard home inspector's report will review the condition of the home's heating system, central air conditioning system (temperature permitting), interior plumbing and electrical systems; the roof, attic, and visible insulation; walls, ceilings, floors, windows and doors; the foundation, basement, and visible structure.
115. All Negotiations, including real estate, are all about negotiation and control. Who is in control? Right Price Right Staging All Repairs are done in advance. Offer a Home Warranty to the buyer..
116. PRE-LISTING Home Inspection Data on where most sales fall apart: attorney review, home inspection. Fall Thru Percentage 2007: 26% Fall Thru Percentage 2008: 10.2% .
117. Home Improvements I am moving out of the house, I do not want spend too much money to move. Or I just spent $$ on a new kitchen, I want $$$$$$ back on that investment when I move.
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120. Reality of today’s market is that you will see the return on your investment not in an inflated sales price but in retaining the highest percentage of your list price and staying on the market the fewest # of days. Please consult with your Realtor & staging professional as to which improvements you should finish to make your home the most salable.
121. Weichert Family of Companies What will a real estate company do for me?
122. Making Your Purchase as Smooth as Possible Buying a home involves the careful coordination of many people. Choosing a real estate team you can count on will make the process smoother and easier.
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125.
126. Become a Fan! www.facbook.com/weichertprinceton www.slideshare.net/jdwilton Presentation available at all 3 sites, download file through Monday.
Create your own table to approach the aspects of the marketplace that you consider most relevant and valuable to your Associates. For example, you might discuss the market conditions of different communities or price ranges each week.
(elicit responses)
(elicit responses)
Review the generic sample calculation and/or a customized calculation you prepared for your office market area. Follow the instructions below to update this slide with customized information for your office. Save the Sales Meeting Guide presentation to your C drive. Open the Sales Meeting Guide presentation from your C drive. Scroll down to the “Sample Market Absorption Rate” slide in the weekly training section of the presentation. Double-click on the slide to be able to make edits. Click in each section of the formula to edit text. Save the document to save edits.
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Review the generic sample calculation and/or a customized calculation you prepared for your office market area. Follow the instructions below to update this slide with customized information for your office. Save the Sales Meeting Guide presentation to your C drive. Open the Sales Meeting Guide presentation from your C drive. Scroll down to the “Sample Market Absorption Rate” slide in the weekly training section of the presentation. Double-click on the slide to be able to make edits. Click in each section of the formula to edit text. Save the document to save edits.
Review the generic sample calculation and/or a customized calculation you prepared for your office market area. Follow the instructions below to update this slide with customized information for your office. Save the Sales Meeting Guide presentation to your C drive. Open the Sales Meeting Guide presentation from your C drive. Scroll down to the “Sample Market Absorption Rate” slide in the weekly training section of the presentation. Double-click on the slide to be able to make edits. Click in each section of the formula to edit text. Save the document to save edits.
Review the generic sample calculation and/or a customized calculation you prepared for your office market area. Follow the instructions below to update this slide with customized information for your office. Save the Sales Meeting Guide presentation to your C drive. Open the Sales Meeting Guide presentation from your C drive. Scroll down to the “Sample Market Absorption Rate” slide in the weekly training section of the presentation. Double-click on the slide to be able to make edits. Click in each section of the formula to edit text. Save the document to save edits.
Review the generic sample calculation and/or a customized calculation you prepared for your office market area. Follow the instructions below to update this slide with customized information for your office. Save the Sales Meeting Guide presentation to your C drive. Open the Sales Meeting Guide presentation from your C drive. Scroll down to the “Sample Market Absorption Rate” slide in the weekly training section of the presentation. Double-click on the slide to be able to make edits. Click in each section of the formula to edit text. Save the document to save edits.
Review the generic sample calculation and/or a customized calculation you prepared for your office market area. Follow the instructions below to update this slide with customized information for your office. Save the Sales Meeting Guide presentation to your C drive. Open the Sales Meeting Guide presentation from your C drive. Scroll down to the “Sample Market Absorption Rate” slide in the weekly training section of the presentation. Double-click on the slide to be able to make edits. Click in each section of the formula to edit text. Save the document to save edits.
Review the generic sample calculation and/or a customized calculation you prepared for your office market area. Follow the instructions below to update this slide with customized information for your office. Save the Sales Meeting Guide presentation to your C drive. Open the Sales Meeting Guide presentation from your C drive. Scroll down to the “Sample Market Absorption Rate” slide in the weekly training section of the presentation. Double-click on the slide to be able to make edits. Click in each section of the formula to edit text. Save the document to save edits.
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Create your own table to approach the aspects of the marketplace that you consider most relevant and valuable to your associates. For ideas on what to cover, refer to the tables in the Planning Day Presentation on your Planning Day 2005 CD. For example, you might discuss the market conditions of different communities or price ranges each week.
Review the generic sample calculation and/or a customized calculation you prepared for your office market area. Follow the instructions below to update this slide with customized information for your office. Save the Sales Meeting Guide presentation to your C drive. Open the Sales Meeting Guide presentation from your C drive. Scroll down to the “Sample Market Absorption Rate” slide in the weekly training section of the presentation. Double-click on the slide to be able to make edits. Click in each section of the formula to edit text. Save the document to save edits.
New Stats Pulled Off StagedHomes.com
Review the generic sample calculation and/or a customized calculation you prepared for your office market area. Follow the instructions below to update this slide with customized information for your office. Save the Sales Meeting Guide presentation to your C drive. Open the Sales Meeting Guide presentation from your C drive. Scroll down to the “Sample Market Absorption Rate” slide in the weekly training section of the presentation. Double-click on the slide to be able to make edits. Click in each section of the formula to edit text. Save the document to save edits.
Review the generic sample calculation and/or a customized calculation you prepared for your office market area. Follow the instructions below to update this slide with customized information for your office. Save the Sales Meeting Guide presentation to your C drive. Open the Sales Meeting Guide presentation from your C drive. Scroll down to the “Sample Market Absorption Rate” slide in the weekly training section of the presentation. Double-click on the slide to be able to make edits. Click in each section of the formula to edit text. Save the document to save edits.
Review the generic sample calculation and/or a customized calculation you prepared for your office market area. Follow the instructions below to update this slide with customized information for your office. Save the Sales Meeting Guide presentation to your C drive. Open the Sales Meeting Guide presentation from your C drive. Scroll down to the “Sample Market Absorption Rate” slide in the weekly training section of the presentation. Double-click on the slide to be able to make edits. Click in each section of the formula to edit text. Save the document to save edits.
Review the generic sample calculation and/or a customized calculation you prepared for your office market area. Follow the instructions below to update this slide with customized information for your office. Save the Sales Meeting Guide presentation to your C drive. Open the Sales Meeting Guide presentation from your C drive. Scroll down to the “Sample Market Absorption Rate” slide in the weekly training section of the presentation. Double-click on the slide to be able to make edits. Click in each section of the formula to edit text. Save the document to save edits.
Review the generic sample calculation and/or a customized calculation you prepared for your office market area. Follow the instructions below to update this slide with customized information for your office. Save the Sales Meeting Guide presentation to your C drive. Open the Sales Meeting Guide presentation from your C drive. Scroll down to the “Sample Market Absorption Rate” slide in the weekly training section of the presentation. Double-click on the slide to be able to make edits. Click in each section of the formula to edit text. Save the document to save edits.