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Housing Market Afternoon News: 9/29/09 September 29, 2009

Posted by John Watch in AccuriZ Reports.
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For statistical reports on property data from public records and property valuation click here.

Real estate is: Cyclical, Seasonal and Emotional

Freddie to Door Knock Delinquent Borrowers

The Bulls and Bears of Real Estate 

FDIC Expected to Require Banks to Prepay Fees

July Case-Shiller Numbers

Is it Time to Recognize Reality?

Mortgage Assistance Program for Homeowners

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Housing Market News: 9/28/09 September 28, 2009

Posted by John Watch in AccuriZ Reports.
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For statistical reports on property data from public records and property valuation click here.

Where real estate seems to be hitting a bottom

Real Estate is Cyclical, Seasonal and Emotional

Fed’s weekly MBS purchase hold steady at $25.6bn

The Bears and the Bulls of Real Estate

New Home Sales Lose Momentum in August

Square Footage and Median Price Differentials

American Migration Trends

Negative Bond Returns Coverage with Mortgage Miracle

The Economic Recovery Continues

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Housing Market News: 9/25/09 September 25, 2009

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For statistical reports, property data from public records and property valuation click here.

Shadow Market Part II: Banks Avoid Acquiring Foreclosed Homes

Housing In Crisis Report

Especially Bad Housing Numbers and Taxpayers as Mouse Models

Real Estate is: Cyclical, Seasonal and Emotional

Housing Crash to Resume on 7 Million Foreclosures

Mortgage Assistance Program for Homeowners

Seeking Real Estate Bargains? Try Looking at the High End

Square Footage Matters and Median Price Differentials

Investors are Skittish Over Slowing Home Sales

Square Footage Matters: Large Homes Indicate Stable Values

No Sign That Bank Bailout Will Expire at Year’s End

Alphainventions.com

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Construction in a Different Direction: Infrastructure September 24, 2009

Posted by John Watch in AccuriZ News.
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The Housing in Crisis report showed that at the end of 2008, we had an excess of 5  million vacant homes on the market (excluding vacation homes and foreclosures). During this second quarter, about 18.7 million vacant housing units remained on the market (including foreclosures, residences for sale and vacation homes) based on property data from public records. With incentives like the $8,000 tax credit, there has been a push for new home construction, even if the 581,000 new single family homes this year is a dismal comparison to the booming days of 2005/2006.

New construction creates employment and stimulates growth, which are all positive necessities. In the real estate market, housing starts and building permits are signs of recovery, as we are witnessing today. But with the national population growth at about 4 million people annually and a swelling number of vacant units, it will take at least three more years before true market levels begin to appear. The housing market does not need to cease construction, but construction directed at different sectors of the ecnonomy could provide the same employment without further straining the housing market.

America faces serious problems with deteriorating roads, highways and bridges. In January, the American Society of Civil Engineers produced a Report Card for America’s Infrastructure, raising critical concerns. The report states that in New York, 42% of bridges are structurally deficient on functionally obsolete. This is just a small fraction of the problems faced all over the country. Construction in these areas is not only critical for our current downturn, but for generations of Americans to come.

Until the demand of new housing comes back into balance with the overwhelming supply we have seen this decade, the housing market’s true levels will remain unseen. But what is clearly forseeable is the further deterioration of America’s infrastructure that we must act on now to see a change in the future.

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Housing Market News: 9/24/09 September 24, 2009

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For statistical analysis on property data from public records and valuation click here.

The Housing in Crisis Report

Senate Version of Cap and Trade will Pummel Real Estate Market

Mortgage Assistance Program directed to Homeowners

The Crisis of Public Management

Where is the Real Estate Market Today?

What Does the Fed’s Statement Mean for Mortgage Rates?

Sales of Existing U.S. Home Probably Climbed As Prices Fell

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Housing Market News: 9/23/09 September 23, 2009

Posted by John Watch in News Feed.
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For statistical reports on property data from public records click here.

Fed Faces a Tough Choice on MBS

Bears, Bulls and Real Estate

Mortgage Delinquencies at a Record High

Foreclosure Plan to Benefit Homeowners

Fed Likely to Leave Economic Supports in Place

Stimulus Funds are Boosting Construction Work

Should Banks Bail Out by FDIC?

Cyclical, Seasonal and Emotional Aspects of Real Estate

Jumbo Mortgage Rates Hit 4-Year Lows: 5 Things to Know

Square Footage and Median Price Differentials

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Housing Market News: 9/22/09 September 22, 2009

Posted by John Watch in News Feed.
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For statistical reports on property data from public records, valuation and property sales click here.

F.D.I.C. May Borrow from Banks

A Mortgage Program to Benefit Homeowners

The Bulls and the Bears of Real Estate

25 People to Blame for the Financial Crisis

The 3 Factors of Real Estate Market; Cyclical, Seasonal and Emotional

Policy and Housing: Someone’s Gotta Give

NYC Square Footage Report

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Housing Market News: September 21, 2009

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For statistical analysis, and property data from public records click here

Credit Policies Still Threaten Recovery

Stability for the Manhattan Market in Fruition

FHA New Lending Standards for Mortgages and Home Refinances

The Cyclical, Seasonal and Emotional Aspects of Real Estate

Low Expectations for Mortgage Help Program

Mortgage Assistance Program for Homewoners

Debate Ranges About Real Estate’s Future

Housing in Crisis: What Happened?

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Stability for the Manhattan Market in Fruition September 21, 2009

Posted by John Watch in AccuriZ News, News Feed.
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www.bloomberg.com

In a recent New York Times article, fall expectations for the Manhattan real estate market were optimistic as listings show normal levels compared to last year, indicating confidence. Stability is now appearing in the Manhattan market, which was reported in our Manhattan Condo Market article a month ago, as well as the NYC Square Footage Report.

In our Manhattan Condo article, we projected a 4th Quarter of stability after increases in sales activity and property values for the July, August and September months. The recent New York Time article confirmed our predictions. According to the article, 40 percent of new listings in Manhattan after Labor Day were condos while 60 percent were co-ops.

With actual analysis using property data from public records, we indicate the trends accurately and determine the market outlook. While many were concerned with the proposed Shadow Inventory spelling disaster for the Manhattan Market, the numbers projected are now proving otherwise.

Heading into the 4th Quarter, AccuriZ will continue to provide accurate analysis on the market. Hopefully the media outlets like The New York Times will continue to as well.

For additional statistical analysis on Manhattan and other boroughs including property data and valuation, click here.

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Behind the Numbers: Housing Starts September 18, 2009

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Where is the Real Estate Market Today?

Yesterday, the news of housing starts and permits reaching a nine month high circulated around the news desks. Rising 1.5% to an annual rate of 598,000, the good news of potential recovery was in full swing.

Looking more closely however, property data from public records show the multi-family sector being the sole supporter of the increase, jumping 25.3% after a 15.2% decline the previous month. Single-family starts dropped 3% for the first time in sixth months. The only region in the market seeing an increase was the Northeast region (where multi-family housing is prevalent), as other regions were either flat or declining.

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