The document discusses a meeting of realtors where speakers explained the slow housing recovery, noting that recovery depends on one's financial position prior to the crisis. Younger generations are not buying homes as expected due to factors like student debt or preference to live at home. While local markets are improving, with sales and prices up, the national recovery remains uneven and hampered by restrictive lending and high unemployment.
What's happening i the housing market for Southwest California? Sales lag, prices climb, inventory up, affordability down - and watch out for that election.
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.
What's happening i the housing market for Southwest California? Sales lag, prices climb, inventory up, affordability down - and watch out for that election.
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.
Annie Williams Real Estate Report - Dec 2015Jon Weaver
Housing affordability is one area where California can expect to experience long-term pain. Statewide, the percentage of households that earn enough to purchase a median-priced home rose 34 percent in early 2015 before settling in the low
30s—down from a high of 53 percent in 2011 and 36 percent in 2014. In high-priced coastal cities, percentages have fallen into the teens and lower.
The Robb Fleischer’s Real Estate Report – Local Market Trends San Francisco includes monthly updates regarding mortgage rates, market statistics, sales momentum, pricing momentum, trends at a glance, foreclosure statistics and more.
Prices Down Again in San Francisco - February/March Real Estate ReportAMSI, San Francisco
The Robb Fleischer’s Real Estate Report – Local Market Trends San Francisco includes monthly updates regarding mortgage rates, market statistics, sales momentum, pricing momentum, trends at a glance, foreclosure statistics and more.
The Robb Fleischer’s Real Estate Report – Local Market Trends San Francisco includes monthly updates regarding mortgage rates, market statistics, sales momentum, pricing momentum, trends at a glance, foreclosure statistics and more.
Median Home Price Stays Over $1MM - July/August Real Estate ReportAMSI, San Francisco
The Robb Fleischer’s Real Estate Report – Local Market Trends San Francisco includes monthly updates regarding mortgage rates, market statistics, sales momentum, pricing momentum, trends at a glance, foreclosure statistics and more.
This Month in Real Estate, September 2001, is brought to you by Paul W. Drury, Real Estate Broker with Keller Williams Realty Greater Cleveland West. It is a collection of national news, information, and statistics as well as information specific to the North Central Ohio Region between Lakewood and Sandusky and south to the Lodi / Ashland Area.
Home Prices Resume Upward Trend - May/June Real Estate ReportAMSI, San Francisco
The Robb Fleischer’s Real Estate Report – Local Market Trends San Francisco includes monthly updates regarding mortgage rates, market statistics, sales momentum, pricing momentum, trends at a glance, foreclosure statistics and more.
Annie Williams Market Trends July-Aug 2015Jon Weaver
After reaching new all-time highs in May, the median prices for single-family, re-sale homes backed off a bit in June.
Nevertheless, the median home price has been higher than the year before for the past thirty-eight months straight. The median home price has stayed over $1MM for fifteen of the past seventeen months.
Annie Williams Real Estate Report Nov-Dec 2015Jon Weaver
California home sales to increase slightly, while prices post slowest gain in five years. California’s housing market will continue to improve into 2016, but a shortage of homes on the market and a crimp in housing affordability also will persist,
according to the CALIFORNIA ASSOCIATION OF REALTORS®’ (C.A.R.) “2016 California Housing Market Forecast”.
A comprehensive summary of the housing market in Southwest California where we're enjoying the strongest Seller's market in years in July. Sales posted their 2nd highest month in the past decade, up 17% over June and up 11% over last July. Median prices continued to climb as well, advancing 6% year-to-date. We are now measuring inventory of homes for sale in weeks, not months.
Annie Williams Real Estate Report - Dec 2015Jon Weaver
Housing affordability is one area where California can expect to experience long-term pain. Statewide, the percentage of households that earn enough to purchase a median-priced home rose 34 percent in early 2015 before settling in the low
30s—down from a high of 53 percent in 2011 and 36 percent in 2014. In high-priced coastal cities, percentages have fallen into the teens and lower.
The Robb Fleischer’s Real Estate Report – Local Market Trends San Francisco includes monthly updates regarding mortgage rates, market statistics, sales momentum, pricing momentum, trends at a glance, foreclosure statistics and more.
Prices Down Again in San Francisco - February/March Real Estate ReportAMSI, San Francisco
The Robb Fleischer’s Real Estate Report – Local Market Trends San Francisco includes monthly updates regarding mortgage rates, market statistics, sales momentum, pricing momentum, trends at a glance, foreclosure statistics and more.
The Robb Fleischer’s Real Estate Report – Local Market Trends San Francisco includes monthly updates regarding mortgage rates, market statistics, sales momentum, pricing momentum, trends at a glance, foreclosure statistics and more.
Median Home Price Stays Over $1MM - July/August Real Estate ReportAMSI, San Francisco
The Robb Fleischer’s Real Estate Report – Local Market Trends San Francisco includes monthly updates regarding mortgage rates, market statistics, sales momentum, pricing momentum, trends at a glance, foreclosure statistics and more.
This Month in Real Estate, September 2001, is brought to you by Paul W. Drury, Real Estate Broker with Keller Williams Realty Greater Cleveland West. It is a collection of national news, information, and statistics as well as information specific to the North Central Ohio Region between Lakewood and Sandusky and south to the Lodi / Ashland Area.
Home Prices Resume Upward Trend - May/June Real Estate ReportAMSI, San Francisco
The Robb Fleischer’s Real Estate Report – Local Market Trends San Francisco includes monthly updates regarding mortgage rates, market statistics, sales momentum, pricing momentum, trends at a glance, foreclosure statistics and more.
Annie Williams Market Trends July-Aug 2015Jon Weaver
After reaching new all-time highs in May, the median prices for single-family, re-sale homes backed off a bit in June.
Nevertheless, the median home price has been higher than the year before for the past thirty-eight months straight. The median home price has stayed over $1MM for fifteen of the past seventeen months.
Annie Williams Real Estate Report Nov-Dec 2015Jon Weaver
California home sales to increase slightly, while prices post slowest gain in five years. California’s housing market will continue to improve into 2016, but a shortage of homes on the market and a crimp in housing affordability also will persist,
according to the CALIFORNIA ASSOCIATION OF REALTORS®’ (C.A.R.) “2016 California Housing Market Forecast”.
A comprehensive summary of the housing market in Southwest California where we're enjoying the strongest Seller's market in years in July. Sales posted their 2nd highest month in the past decade, up 17% over June and up 11% over last July. Median prices continued to climb as well, advancing 6% year-to-date. We are now measuring inventory of homes for sale in weeks, not months.
Residential Real Estate market update covering the Macro Economy and its influence on local real estate markets. Designed to assist investors to make informed decision, and move forward with confidence.
Annie Williams Real Estate Report - July 2020Jon Weaver
Sales of single-family, re-sale homes jumped in June, rising 56.7% from May. They were down 14.2% year-over-year. There were 163 homes sold in San Francisco last month. The average since 2000 is 214. Year-to-date, home sales are down 29.8%. Condo sales are down 36.9%.
Annie Williams Real Estate Report Sept-Oct 2015Jon Weaver
Even with rising home prices over the past few years, many homeowners who have considered selling are deciding not to because they are caught in an affordability squeeze that is
compounded by a lack of inventory, according to findings from the CALIFORNIA ASSOCIATION OF REALTORS®’ (C.A.R.) “2015 Survey of California Homeowners.” More than one-third (35%) of homeowners have considered selling their home in the past year, and of that share, about two-thirds (64%) are reluctant to sell because they are finding they can’t afford the home they really want, the survey found.
THis is a brief look at how many homes are selling on the North Shore of Chicago - Evanston to Lake Bluff and the Lake (Michigan!) to the west side of Northbrook.
Real estate is a MicroMarket business. That means, some markets will explode while others will languish. Fortunately, we see fairly consistent unit growth in all our communities. Still with the press trumpeting a 12% increase in home prices in April (over last year), I wanted to see exactly what was happening. This is Part 1 - unit growth. Next, I'll post dollar sales - median and average prices.
Annie Williams Market Trends March-April 2015Jon Weaver
As we’ve mentioned many times, inventory of single-family, re-sale homes, condos and rentals in San Francisco is very low. Fortunately, there are a slew of new buildings in
some stage of planning or construction. At last count, we identified 23 new condo projects around the city. There have been or will shortly be 2,498 new condo/loft units on the market. There are 141 more units in the proposal stage.
This should alleviate some of the pricing pressure in San Francisco.
The Robb Fleischer’s Real Estate Report – Local Market Trends San Francisco includes monthly updates regarding mortgage rates, market statistics, sales momentum, pricing momentum, trends at a glance, foreclosure statistics and more.
Physicians Agent™ Network is the country’s leader in offering real estate solutions to all doctors. Thousands of physicians visit us every month to review loan programs, relocation services and find 5-Star local real estate agents. If you are looking to attract new physician buyers you have come to the right place. We will teach you about leveraging your marketing with the Physicians Agent™ designation that physicians look for when seeking “doctor friendly” REALTORS®.
A wrap-up of our 2021 legislative session with special guests California state Senator Melissa Melendez and U.S. Chamber Western Region V.P. Jennings Immel
14 bills to be reviewed by the SWCLC on 1/25/2021 including: ACA 1, an effort to reduce the 2/3 voting requirement to raise local property taxes; AB 71, an effort to increase California's already highest-in-the-nation tax on corporations; AB 116, an effort to force municipalities to allow residential construction in commercially zoned parcels; and SB 39, an effort to mandate Dept. of Corrections trade information with Office of Unemployment (EDD) to prevent the massive fraud of prisoners collecting pandemic unemployment benefits.
Need help figuring out what to do with the 12 propositions you'll face on your November ballot? Every year the Southwest California legislative Council assigns our members a measure to research and present. The Council debates the issue based on what impact it will have on our business community and recommends a position. As always, we encourage voters to do their own research and to that end we have a much more extensive document available with all the arguments pro and con, what your vote means, and follow the money.
Every year the Southwest California Legislative Council evaluates statewide ballot propositions to determine which might fall within the purview of our strategic initiatives and impact our business members. Council members select a proposition to research and deliver a presentation to the group followed by discussion and a vote to recommend a YES vote, a NO vote, or NO POSITION. Here are the group's recommendation on the 12 measures you'll see on our November ballot.
Detailed information courtesy of BallotPedia.
The legislature in Sacramento is still out but that doesn't change the fact that at some point they'll be back and our business members need our advocacy more than ever. Especially critical when you hear about some of the gut-and-amend bills happening right now like AB 828, which would irreparably harm every landlord in California.
During this time of crisis does it really make sense to deprive laid off California workers of an opportunity to make a living as temporary, gig economy workers? The Wall Street Journal has praised the gig economy as being a 'rescue' for many in this time of widespread need with companies like Uber, Lyft, GrubHub, Postmates and Uber Eats providing much needed delivery options for housebound residents as well as a supplemental source of income for laid off workers. Please encourage our Governor to do the right thing and SUSPEND enforcement of this deeply flawed measure at least for the duration of this crisis.
More from Southwest Riverside County Association of Realtors (20)
One FNG by Group 108 Sector 142 Noida Construction UpdateOne FNG
One FNG by Group 108 is launching a new commercial project in Sector 142 Noida. Office space and high street retail shops on the FNG and Noida Expressway. For more information visit the website https://www.onefng.com/
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
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/
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?
☑️ What is cashflow like?
☑️ Compared to investing in Toronto or other cities in Ontario, what are the benefits / tradeoffs?
☑️ What ownership structure should I use?
☑️ What are the tax implications?
☑️ 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/
Flat available for sale
Location- Tupudana, Ranchi
Savitri enclave
Area- 3BHK
Rate- 4000/sq.ft.
Super Build Up Area-1629 sq.ft.
Build-up area-1253 sq.ft.
Rate- 65lakh16k(approx)
Floor available- Flat available in all floor(G+12)
Balcony- 2
Washroom- 2
Parking - CAR PARKING
Amenities- Joggers track,temple, children's park,gym,banquet hall (5 Lakh)
Possession year (Handover year)- Dec 2025
Outside View from the apartment and flat balcony is very beautiful.
For more information contact AASHIYANA STAR PROPERTIES
7766900371
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..
Vinra Construction Tech Enabled Company for Eco-Friendly Home Construction
Contact With Vinra for a Greener Future >>> Call us @ 888 4898 765
Green Homes, Islamabad Presentation .pdfticktoktips
Green Homes Islamabad offers beautifully designed 5, 8, and 10 Marla homes near the airport and motorway. Enjoy luxury, convenience, and high rental returns in a prime location.
Urbanrise Paradise on Earth - Unveiling Unprecedented Luxury in Exquisite Vil...JagadishKR1
Immerse yourself in the epitome of luxury living at Urbanrise Paradise on Earth. These opulent 4 BHK villas, nestled off the prestigious Kanakapura Road in Bangalore, redefine elegance and sophistication. With meticulous craftsmanship, breathtaking design, and unparalleled amenities, Urbanrise Paradise on Earth offers a sanctuary where every moment is infused with luxury and serenity. Experience a life of grandeur and indulgence at this exclusive residential enclave.
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.
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
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/
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.
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
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.
Torun Center Residences Istanbul - Listing TurkeyListing Turkey
THERE IS LIFE IN ITS CENTER!
The most energetic spot of the city that will add utterly different pleasures to your life, with a park that will make Istanbul breathe, delighting indoor and outdoor bistros, cafes, restaurants, the brand-new Food Hall concept, where dozens of unique tastes are served together, market area, cinema, theater, fitness club, SPA and event venue...
All the pleasures that will enrich your lives are awaiting you on the most beautiful side of the city, at Torun Center Residences. In Mecidiyeköy, where the heart of Istanbul beats, business, life and entertainment opportunities are located at the exact center, at Torun Center, the most beautiful side of the city.
Penthouse apartments and different styles of flats from 1 + 1 to 4 + 1, from 100 to 425 square meters in a 42-story residence tower, have been designed for those who want to live in the center of magnificence. Torun Center is the redefinition of a better life with specially landscaped floor gardens, apartment options with private balconies, and automatic glass systems equipped with Trickle Ventilation that offers clean air comfort.
Business and life in the same place
Excellent service
Torun Center has many delightful details, from a swimming pool to sunbathing and resting terrace. With 24/7 concierge services, 24/7 security, valet, technical service, closed-circuit camera system (CCTV), central heating and cooling system, it makes your life easier.
Delightful details
The two-story Torun Center Lounge, with its indoor and outdoor seating areas, children's playroom, private dining and TV lounge, promises unforgettable memories to you and your loved ones with its unique Istanbul view.
Neighboring to the most pleasant square of Istanbul
A few steps from the Torun Center Residences, you can reach the city's most modern city square and open the doors of a quality city life. Torun Center Residences brings together on the same project the long-awaited city life for Istanbul and gourmet restaurants, cafes, gym and SPA, and state-of-the-art cinema and Artı Stage, hosting the most famous plays of the season.
Located at the intersection of alternative public transportation options such as the metro and Metrobus, Torun Center comes to the fore as the most accessible office for both sides of Istanbul. With a central location and rich transportation lines, Torun Center offices make life easier for employees and increase productivity.
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
Optimizing Your MCA Lead Capture Process for Better Results
May 2014 Realtor Report
1. The (not so) Great Recovery.
That was the message from one speaker we heard from when several hundred Realtors
from around the country descended on Washington D.C. a couple weeks ago to discuss
housing issues with our Congressional leaders. Apparently the degree of recovery has a
great deal to do with your position relative to it. If you had a fair amount of money to
begin with, you’ve recovered nicely. If not, well, there’s still hope and change I guess.
Speakers including HUD Secretary Shaun Donovan, FHA Commissioner Carol Galante,
CFPB Director Richard Cordray and NAR Chief Economist Dr. Lawrence Yun attempted to
explain why the housing market isn’t carrying it’s weight in the current recovery. Four
knowledgeable people, sixteen different theories.
Turns out millenials, that huge generation readying to assume the reigns of commerce
and government, aren’t buying homes as expected. They’re ‘choosing’ to live at home into
their 30’s. It could be they like being catered to, or they might be saddled with college
debt, or that might not have anything to do with it. Of course a lot of potential move-up
buyers can’t move-up because they don’t have equity in their homes yet, or not enough
to prompt a move. This is preventing many baby-boomers who want to down-size from
doing that since there aren’t enough buyers who can afford their big old houses. And even
though 80% of people who lost their homes to foreclosure or short sale during the past
few years plan to buy another home, they aren’t able to quite yet.
Overly restrictive lending regulations seem to play a big role in the problem, and rising
interest rates and prices have conspired to drive many investors and first-time buyers out
of the market. Consumer confidence continues to weigh down the economy as well,
because even as the nation posts decent job growth statistics, participation in the labor
market continues to suffer and those people, the record numbers of unemployed and
under-employed can’t buy a home either.
One economist posited that the next couple months will set a tone for the year. Housing
could actually fall back into another mini-recession for 2014 with both sales and prices
dropping some only to recover in 2015. Nobody put too much weight on this idea but
most acknowledged the possibility.
Locally our market continues to chug along. Sales were up slightly from the previous
month, although pending home sales portend a drop in June. Prices were up about 6%
from April and still holding 16% ahead of last year. Overall, prices for the region are back
to 2004 levels, up about 40% from their trough. Statistically we’ve made back exactly half
of the value we lost in 2008-2009. Our regional median is $147 higher than it’s lowest
point but still $148 away from it’s highest.
According to the U.S. Census Bureau, Southwest County was home to 3 of California’s 10
fastest growing cities. Temecula grew 2.1% to 106,780, Menifee grew 2.6% to 83,447
and Lake Elsinore was the fastest growing in the state increasing 3.3% to 57,525. Quality
of life and housing affordability will keep Southwest County at the forefront of the
recovering market.
Now if we could just get the rest of the country to follow along.
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Inventory v Sales
I thought it might be interesting to chart not only the inventory, as we have been for some
time, but compare it to sales during the same period. Sales have stayed in roughly the 500 –
600 home range for the past three years, spiking to nearly 800 in May 2012 (796). Meanwhile
inventory has drifted from as high as 2,300 units to 581 and back up to 1,900. In December
2012, March 2013 and May 2013 sales actually exceeded inventory.
Following a precipitous drop in February 2012, inventory continued to decrease until last June
when it started to increase again. We’ve gone from less than 1 month inventory for the region
to 3.5 months – a hefty increase but still well below the 6-7 months considered to be a
balanced market inventory. That ‘sellers’ market has propelled prices from a low of $217,924
for the region in January 2012 to $364,163 today, an increase of 40%. That’s still a far cry from
our regional median of $512,963 reached in January 2006, but it’s definitely progress.
As indicated in later reports, this increase has helped lift some 300,000 homeowners out of a
negative equity position in just the first quarter of 2014, 3.5 million in the past year. It hasn’t
lifted many of them far enough yet to turn them into move-up buyers, but the numbers are
getting better.
Now if we can just keep those borderline homeowners from slipping back into default as many
of them face their first interest rate re-set on their modified mortgages.
3. SW Market @ A Glance
Southwest
California Reporting
Period
Current
Period
Last
Period Year Ago
Change
from
Last
Period
Change
from
Year Ago
Existing Home Sales
(SFR Detached)
May 2014 638 579 686 9% 7%
Median Home Price $364,163 $341,630 $307,440 6% 16%
Unsold Inventory
Index (SFR Units)
1,902 1,751 677 8% 60%
Unsold Inventory
Index (Months)
3.5 3.2 1.1 9% 69%
Median Time on
Market (Days)
64 67 48 4% 25%
Source: CRMLS
4. 0
50
100
150
200
250
3/12 6/12 9/12 12/12 3/13 6/13 9/13 12/13 3/14
Temecula Murrieta Lake Elsinore Menifee Wildomar Canyon Lake
Southwest California Homes
Single Family Homes
Unit Sales
$0
$100,000
$200,000
$300,000
$400,000
$500,000
$600,000
3/12 6/12 9/12 12/12 3/13 6/13 9/13 12/13 3/14
Temecula Murrieta Lake Elsinore Menifee Wildomar Canyon Lake
Southwest California Homes
Single Family Homes
Median Price
May Transaction Value*:
Temecula $77,335,798 Lake Elsinore $26,399,367
Murrieta $58,595,175 Wildomar $7,380,300
Menifee $44,818,677 Canyon Lake $11,889,800
* Revenue generated by single family residential transactions for the month.
5. 0
20
40
60
80
100
120
140
160
180
200
3/13 6/13 9/13 12/13 3/14
Hemet/San Jacinto 2014 Unit Sales
Single Family Residential
Hemet San Jacinto
$0
$50,000
$100,000
$150,000
$200,000
$250,000
3/13 6/13 9/13 12/13 3/14
Hemet/San Jacinto 2014
Single Family Residential Median Price
Hemet San Jacinto
April Transaction Value:
Hemet $28,109,563 San Jacinto $11,228,700
* Revenue generated by single family residential transactions for the month.
6. May Median Price:
2013 2014 %
Temecula $414,100 $449,627 8%
Murrieta $359,189 $368,523 2%
Menifee $221,796 $269,992 18%
Lake Elsinore $232,509 $280,843 17%
Wildomar $277,214 $320,883 14%
Canyon Lake * $335,012 $495,408 32%
Southwest California $ 307,440 $364,163 16%
Hemet $159,218 $195,205 18%
San Jacinto $149,716 $190,317 22%
$0
$50,000
$100,000
$150,000
$200,000
$250,000
$300,000
$350,000
$400,000
$450,000
3/12 6/12 9/12 12/12 3/13 6/13 9/13 12/13 3/14
Southwest California Murrieta Temecula
Southwest California Median Price
* If I were doing weighted averages, I would note that of 24 sales last month in Canyon Lake, one sale of $1.3 million had a
disproportionately positive impact on median price for the city and, to a lesser degree, the region.
7. 0
100
200
300
400
500
600
On Market
(Supply)
Pending Closed (Demand) Days on Market Months Supply Absorption rate *
4
9
3
1
7
9
1
5
9
5
9 3
.
1
7
2
%
5
5
5
1
8
4
1
7
2
7
5
3
.
2
6
6
%
4
2
3
1
8
2
1
4
4
5
7 2
.
9
1
0
0
%
3
3
8
1
5
9
1
6
6
6
1 2
.
0
1
2
0
%
2
9
3
1
3
3
9
4 7
0 3
.
1
8
0
%
1
6
4
7
2
5
9
5
0
2
.
8
9
2
%
1
4
3
2
2
2
4
7
9
6
.
0
4
6
%
8
0 4
2 2
3
4
1
3
.
5
7
0
%
Murrieta Temecula Hemet Menifee Lake Elsininore San Jacinto Canyon Lake Wildomar
* Absorption rate - # of new listings for the month/# of sold listings for the month
May Market Demand
On Market 7%
Pending 4%
Closed 6%
Days on Market 4%
Months Inventory 3%
Absorption 5%
Month over Month
Inventory continues to climb, closed sales were up slightly from the prior month, pending sales were down in
May meaning June sales could be down as well, properties were staying on the market a few days less, months
inventory was up slightly to 3.5 months (still well below average) and absorption was down slightly although
Menifee sold 20% more homes than they listed and Hemet sold every new listing.
Standard sales hold steady at 85% of the market and distressed sales have made up 15% of the market since
January.
May Market Activity
By Sales Type
Standard Sale Bank Owned Short Sale
Active
% of
MKT Sold
% of
MKT Active
% of
MKT Sold
% of
MKT Active
% of
MKT Sold
% of
MKT
Temecula 522 94% 153 89% 14 3% 10 6% 13 2% 7 4%
Murrieta 454 92% 138 87% 11 2% 5 3% 27 5% 16 10%
Wildomar 71 89% 26 113% 1 1% 1 4% 8 10% 2 9%
Lake Elsinore 258 88% 80 85% 6 2% 4 4% 28 10% 8 9%
Menifee 302 89% 140 84% 14 4% 12 7% 21 6% 10 6%
Canyon Lake 133 93% 22 92% 4 3% 1 4% 5 3% 0 0%
Hemet 373 88% 115 80% 19 4% 17 12% 28 7% 11 8%
San Jacinto 129 79% 43 73% 12 7% 7 12% 19 12% 6 10%
Regional
Average
2242 90% 717 85% 81 3% 57 7% 149 6% 60 7%
8. 312,000 Properties Regain Equity in Q1 2014
Author: Colin Robins June 5, 2014 0
CoreLogic released an analysis of residential properties in the first quarter of 2014, focusing specifically on
homes with negative equity. The company found that more than 300,000 homes returned to positive equity in
the quarter, bringing the total number of mortgaged residential properties with equity to more than 43 million.
Negative equity, more commonly known as a home being "underwater," means borrowers owe more on their
mortgage than their homes are worth. The company cites declines in value, an increase in mortgage debt, or
some combination of the two as factors leading to a home having negative equity.
The company's analysis found that roughly 6.3 million properties, or 12.7 percent of all residential properties
with a mortgage, had negative equity as of Q1 2014. The first quarter of 2014 saw a decline from the fourth
quarter of 2013, when 6.6 million homes had negative equity, or 13.4 percent.
Year-over-year, negative equity properties have declined 20.2 percent from 9.8 million in 2013 to 6.3 million in
Q1 2014.
Underwater homes have a national aggregate value of negative equity of $383.7 billion at the end of the quarter,
according to CoreLogic. Negative equity is down $16.9 billion from roughly $400 billion in the fourth quarter of
2013.
"Despite the massive improvement in prices and reduction in negative equity over the last few years, many
borrowers still lack sufficient equity to move and purchase a home," said Sam Khater, deputy chief economist for
CoreLogic. "One in five borrowers have less than 10 percent equity in their property, which is not enough to
cover the down payment and additional costs associated with a conventional mortgage."
The company commented that of the 43 million residential properties with equity, roughly 10 million have less
than 20 percent equity. Homes in this particular situation may have a more difficult time refinancing or obtaining
new financing to sell and buy another home due to tougher underwriting standards.
"Prices continue to rise across most of the country and significantly fewer borrowers are underwater today
compared to last year," said Anand Nallathambi, president and CEO of CoreLogic. "An additional rise in home
prices of 5 percent, which we are projecting will occur over the next 12 months, will lift another 1.2 million
properties out of the negative equity trap."
Nevada had the highest percentage of mortgaged properties in negative equity at 29.4 percent, followed by
Florida (26.9 percent), Mississippi (20.1 percent), Arizona (20.1 percent) and Illinois (19.7 percent). These top
five states combined account for 31.1 percent of negative equity in the United States.
Texas had the highest percentage of mortgaged residential properties in an equity position at 96.7 percent,
followed by Montana (96.3 percent), Alaska (95.7 percent), North Dakota (95.7 percent) and Hawaii (95.6
percent).
The company found that the bulk of home equity for mortgage properties is concentrated at the high end of the
housing market. CoreLogic noted that 93 percent of homes valued at greater than $200,000 have equity
compared to 82 percent of homes valued at less than $200,000.
9. Where have all the investors gone?
Some states are faring better than others in the housing recovery. Florida, California, Arizona
and Nevada all experienced significant declines in pricing following the bust of the sub-prime
market and sharp declines in employment. However, Arizona and California have also
experienced the sharpest declines in their foreclosure rate, respectively. By contrast, the
improvements in Florida and Nevada have not been as strong.
Phoenix, the original poster child for institutional investor activity, has seen the institutional
investor share fall from a high of 13.2 percent in July 2012 to 3.6 percent in March 2014, as
significant rises in home prices and rapidly shrinking inventory levels made investing no longer
attractive. Not surprisingly, this rapid drop-off in institutional interest is taking place in many
of the California and Florida markets for similar reasons.
As a reminder, institutional investors are defined as parties that have made 10 or more
purchases in the past year within a metro area.
10. Interest Rate Resets a Concern for Modified Mortgages
The Data and Analytics division of Black Knight Financial Services released its latest Mortgage Monitor Report,
which analyzed data as of the end of April 2014. The report found that there were roughly 2 million modified
mortgages facing interest rate resets, with 40 percent of those loan modifications currently underwater.
According to Black Knight, more than one in 10 of all active loans are in near negative equity positions, with 9.0
percent equity or less.
"We have seen a continual reduction in the number of underwater borrowers at the national level for some
time now, but modified loans show a different picture," said Kostya Gradushy, Black Knight's manager of Loan
Data and Customer Analytics. "While the national negative equity rate as of April stands at 9.4 percent of active
mortgages, the share of underwater modified loans facing interest rate resets is much higher—over 40
percent."
Gradushy noted that another 18 percent of modified borrowers have 9 percent equity or less in their homes,
and that resets in interest rates pose an increased risk for defaults in the years ahead.
Home prices continued towards recovery, up to $235,000, a monthly increase of 0.97 percent and a yearly
increase of 7.0 percent.
April saw a decline in foreclosure starts, which fell 10.56 percent from March to 78,800 in April. Troubling, the
total U.S. loan delinquency rate increased 1.84 percent month-over-month to 5.62 percent. The loan
delinquency rate remains down, however, on a year-over-year basis by 9.5 percent.
The number of properties in foreclosure pre-sale in April was approximately one million, down 54,000 from
March and down nearly 575,000 from April 2013.
"Finally, as foreclosure sales (completions) increased in both judicial and non-judicial states—though the
increase was larger in the former than the latter—Black Knight observed the gap between judicial and non-
judicial pipeline ratios (ratio of loans 90 or more days past due or in foreclosure to the current rate of
foreclosure completions) had narrowed to its lowest point since at least 2005," Black Knight noted.
On average, foreclosures in judicial states take 52 months to complete, compared to the 2011 high of 118
months. By comparison, the average time to complete a foreclosure in non-judicial states in 2011 was 33
months. It was has since increased to 48—the highest point on record.
States with the highest percentage of non-current loans include: Mississippi (13.8 percent), New Jersey (12.9
percent), Florida (11.7 percent), New York (11.0 percent), and Louisiana (10.8 percent).
States with the highest percent of seriously delinquent loans include Mississippi, Nevada, Rhode Island, Alaska,
and Massachusetts.
Black Knight noted that seven of the top ten states for total non-current loans are judicial states. (California is a
non-judicial state).
11. No one wants dirty water, but at a time when our economy is struggling, why is the Environmental Protection
Agency (EPA) pursuing new rules on water which place greater restrictions and financial penalties on law-
abiding Americans? The new rules reclassify the meaning of water and expand government intrusion onto
private lands.
According to a report in the Washington Post, at issue is the definition of federally protected waters. In March,
the Environmental Protection Agency pitched new rules meant to clarify and expand its regulatory reach
under the Clean Water Act to include small streams, riverbanks, wetlands and floodplains.
Gina McCarthy, the agency’s administrator, has defended the proposal, saying that it would not significantly
expand the department’s authority to monitor and regulate waters.
However, when these new regulations now give the federal government regulatory control over dry washes
that run through private lands, there is something certainly amiss.
You have to wonder, why do we even have a Congress and representatives when a government agency can
institute insidious regulations with impunity — and with no regard to the economic impact or intrusion into
our private lives?
Small business owners and some lawmakers warn the new rules will subject farmers, ranchers, homebuilders
and other entrepreneurs to complicated and potentially costly new regulations that were written with other
industries and other purposes in mind.
Rancher Jack Field has a small stream running through his pasture from which his cattle drink. Under the new
rules, the stream may qualify as federally protected water, requiring a new permit for use of the land and
“opening me and my ranch up to significant liability,” he said during a hearing last week before the House
Small Business Committee. Permitting means paperwork and that means money to apply for the permit and
fines if found not in compliance. And it seems the financial penalty is substantial, at $30,000 a day
I sat on the House Small Business Committee and can attest that it is a truly one of the few bipartisan
committees (the repeal of the Obamacare 1099 form requirement is an example). Rep. Sam Graves (R-Mo.)
said the rule “threatens to drown small businesses in unnecessary regulatory requirements,” and called the
revision one of the most “expansive and potentially damaging” proposals the panel has examined during his
four-year tenure leading the committee. On the other side of the aisle, Rep. Kurt Schrader (D-Ore.) described
the rules as an “abomination” and “a power grab for private property.”
New EPA rules may reclassify the meaning of “water”
Written by Allen West on June 2, 2014
The National Association of Realtors® is strongly opposed to this
redefinition of ‘navigable waterways’ by the EPA and will continue to
work on behalf of private property rights.
Navigable Waterway.
12. The Last Word…
So what do Realtors® do in D.C.? Well, we do what you might expect of the largest grassroots political advocacy
group in the country, we lobby. And some would argue we lobby pretty effectively.
This year we had three primary issues we focused on:
• Preserving the mission of the FHA. Celebrating 80 years of helping people buy homes, the FHA played
a critical role in helping move the nation out of the recent recession. Even in California, FHA loans went
from single digits in 2005 to over 60% in 2011. However, recent increases in down payment have
hampered consumers without adding to the FHA’s bottom line. Their recent drop, along with Fannie &
Freddie, of conforming loan limits hit higher cost areas like ours especially hard and proposed bills like
H.R. 2767 would impose further costs on consumers and reduce the role of the FHA. Conversely, S. 1376,
the FHA Solvency Act provides additional tools to the FHA to better manage risk to taxpayers.
• Reform of the secondary mortgage market. Fannie Mae and Freddie Mac were created to ensure that
creditworthy borrowers had access to affordable mortgage products. That formula worked for 70 years
until Congress decided to dictate a new mission starting in the late 1990’s, which ultimately lead to them
being taken over by the government in a massive bail-out scheme. Never mind that Fannie & Freddie
have both repaid their loans, with interest, and are highly profitable today and contributing significant
revenues to the federal government, moves are afoot to replace them with a new agency, the FMIC
(imagine the FDIC only for mortgages). We agree that reforms are necessary to insure that in the future
profits are not privatized while losses are borne by the public, but the backstop of the Federal
government is necessary to reassure the market, to reassure private mortgage lenders and to provide
stability and liquidity to the secondary market.
• Preserve real estate related tax policies. These provisions include
• Preservation of the mortgage interest deduction, which has helped make homeownership
more affordable for more than a century. We oppose bills like the PATH Act which proposes to
severely limit or eliminate MID on both primary and secondary residences.
• Maintaining property tax deductions so homeowners are not double-taxed on their homes.
• Retaining the mortgage debt forgiveness tax relief so homeowners who short sale their
homes will not be subject to taxation on the phantom income of forgiven debt. While California
is not subject to this thanks to a 2010 bill sponsored by the California Association of Realtors,
the federal bill expired the end of 2013. This has had a deleterious impact on prospective short
sales across much of the country, encouraging homeowners to go to foreclosure rather than
short sale.
• Allowing Like-kind exchanges to continue. This has long been a key part of a high percentage
of investment related real estate transactions. Repeal of this provision would harm economic
growth.