News Alerts. Sept. 21, 2013. Morning Edition. #RealEstate

Linking ≠ endorsement. Enjoy and share:

  1. 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 … 9/sacramento-conventional-sales-up.html

  2. 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.

    Read the source article … blog/wp/2013/09/13/this-is-how-everyones -been-doing-since-the-financial-crisis/

  3. 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 … -the-press/wages-as-a-share-of-net-outpu t-not-gross

  4. 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 … d/

If you are an investor in 1-4 unit properties in Arizona, California, Nevada, Oregon, Utah, or Washington, please do the financially responsible thing and make sure you have proper Landlord Insurance with PropertyPak™. We love focusing on real estate and the economy in general, but we are also here to serve your insurance needs.

Hill & Usher (PropertyPak™ is a division) has many insurance offerings. See our menu above for more info and links.

Did this post help you? Let us know by leaving your comment below.

Note: This blog does not provide legal, financial, or accounting advice. Seek professional counsel.

Furthermore, we, as insurance producers, are prohibited by law from disparaging the insurance industry, carriers, other producers, etc. With that in mind, we provide links without staking out positions that violate the law. We provide them solely from a public-policy standpoint wherein we encourage our industry to be sure our profits, etc., are fair and balanced.

We do not necessarily fact checked the contents of every linked article or page, etc.

If we were to conclude any part or parts of our industry are in violation of fundamental fairness and the legal standards of a state or states, we'd address the issue through proper, legal channels. We trust you understand.

The laws that tie our tongues, so to speak, are designed to keep the public from losing confidence in the industry and the regulatory system overseeing it. Insurance commissioners around the country work very hard to analyze rates and to not allow the industry to be damaged by bad rate-settings and changes in coverages. The proper way for people in the industry to deal with such matters is by adhering to the laws, rules, and regulations of the applicable states and within industry associations where such matters may be discussed in private without giving the industry unnecessary black eyes. Ethics is very high on the list in the insurance industry, and we don't want to lose the people's trust. That said, the industry is not perfect; but what industry is?

For our part, we believe in strong regulations and strong regulators.

We welcome your comments and ask you to keep in mind that we cannot and will not reply in any way or ways where any insurance commissioner could rightly say we've violated the law of the given state.

We are allowed to share rating-bureau data/reports and industry-consultant opinions but make clear here that those opinions are theirs and do not necessarily reflect our position.