News Alerts, Aug. 30, 2013, Evening Edition, 3 New Articles, Real Estate +, Don’t Miss Them

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  1. Homeownership Rates: Top and Bottom 5 States

    Affordability has a strong impact on homeownership. Not surprisingly, four of five states with the lowest homeownership rates in the US are characterized by markets with high prices. Washington, DC has the lowest homeownership rate at 45.3%. At the opposite end of the spectrum, West Virginia, New Hampshire, Michigan, and Maine have among the highest affordability and homeownership rates.

    So, in general, where is the best place to buy to rent out, the more affordable or the more expensive (since a higher percentage obviously rent)?

    Doesn’t it also generally depend upon how much one has to invest and how easily it would be to manage the property(s) and not incur high vacancy rates?

    Read the source article … org/2013/08/27/homeownership-rates-top-a nd-bottom-5-states/

  2. Five Local Market Snapshots Show Erratic Housing Recovery – Forbes

    Never has the mantra that all real estate is local been more true than during the recent, rumored real estate recovery.

    This became clearly evident when researching five metro housing markets for a real estate broker roundtable that RealtyTrac recently hosted in Park City, Utah. The topic of the roundtable, which was broadcast live for members of the media, was whether the real estate recovery was fact or fiction, and six leading brokers from across the country participated to help answer that question for their markets.

    Among the five markets I looked at, those exhibiting the most clear boom-bust-recovery pattern over the past 10 years were the Los Angeles metro area, where Prudential PUK -3.5% California Realty operates, and Reno-Sparks, Nev. , covered by the Chase International brokerage.

    On the other end of the spectrum was Oklahoma City, a market that showed virtually no boom-bust pattern over the past 10 years — although the market still ranks high on our recovery index because it is continuing to consistently improve in terms of home prices as it has been over the past 13 years.

    Read the source article … ist/2013/08/26/five-local-market-snapsho ts-show-erratic-housing-recovery/

  3. Vital Signs: Why Are Fewer People Collecting Unemployment? – Real Time Economics – WSJ

    Well-paying jobs are still the issue and will be for some time to come.

    The total number of people filing for unemployment benefits is going down — but the reason is a bit more nuanced than simply an improving job market.

    The lower figure is partly a reflection of more people finding work and not needing financial assistance, or not filing because of, say, a vacation. The number also is declining because long-term unemployed people may have exhausted multiple weeks of emergency benefits that kick in during periods of high joblessness.

    But it is also because the amount of benefits is shrinking. …. People are in turn forced out of the benefits programs earlier than they had been during the economic crisis.

    Read the source article … 22/vital-signs-why-are-fewer-people-coll ecting-unemployment/