Linking ≠ endorsement. Enjoy and share:
- Calculated Risk: Sacramento: Conventional Sales up Sharply Year-over-year in August, Active Inventory increases 47% year-over-year
This is exactly what we expect to see in an improving distressed market – flat or even declining overall sales as distressed sales decline, and conventional sales increasing.
We are seeing a similar pattern in other distressed areas, with a move to more conventional sales, and a shift from REO to short sales.
If this data is a hint at what will happen in other areas, we can expect: 1) Flat or declining overall existing home sales, 2) but increasing conventional sales. 3) Less investor buying, 4) more inventory, and 5) slower price increases.
Read the source article … http://www.calculatedriskblog.com/2013/0 9/sacramento-conventional-sales-up.html
- This is how everyone's been doing since the financial crisis
Absolutely important collection of fairly easy-to-read graphs to help people understand what's been happening with the US economy (however, be sure to read the next link too):
…it's time to assess how the country has fared since [the onset of the Great Recession]. There are certainly some — those in the finance industry, for example — who can look back and basically breathe a sigh of relief. But many others don't have much reason to celebrate. Here's a rundown:
Brad Plumer goes on to cover 11 areas with graphs/charts. Check it out.
- Wages as a Share of Net Output, not Gross | Beat the Press
Brad Plummer [Plumer] has a good set of charts showing how different segments of the population have fared in the downturn [see link immediately above]. I have two minor quibbles with the selection. First, to show the decline in the labor share of output, chart 5 shows the labor share of GDP over the last three decades. This is slightly misleading. The depreciation share of GDP has risen by roughly two percentage points over this period, which means that if the division of wages and profits had stayed constant, the chart would still show a declining share of wages in GDP. …
Read the source article … http://www.cepr.net/index.php/blogs/beat -the-press/wages-as-a-share-of-net-outpu t-not-gross
- Homes HUD sells: types and the financing options
This is the best all-around article we've seen on HUD homes. It's by Larque Goodson and geared more toward the owner as occupant, but investors new to the idea of HUD homes can certainly learn from it.
Homes HUD owns are available in almost every state. Prices range from $1 to $1,000,000. These homes are residential properties with one to four units, including condominiums, duplexes, townhouses, single family homes and apartment complexes.
Read the source article … http://www.reply.com/realestate/homes-hu d/
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