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U.S. Population Shifts

April 20, 2013 by Marco Santarelli

People were on the move in 2012 and apparently the most popular place for them to move to was Pittsburgh, PA., according to the 2012 Top US Growth Cities Report recently released by U-Haul International.  The Steel City topped the list of 30 metro areas selected with a 9.04% population growth, based on data collected by U-Haul from over 1.6 million one-way truck rentals during a recent 12 month period.

The cities chosen for the list had more than 5,000 families moving in or out of the area during that time.   “Growth cities were then determined by calculating the percentage of inbound moves vs. outbound moves for each area,” said John Taylor, president of U-Haul International, Inc.   Other cities in the U-Haul top 10 included:
[Read more…]

Filed Under: Economy, Growth Markets, Housing Market, Real Estate Investing Tagged With: Economy, Growth Markets, Housing Market, Migration, Population Shifts, Real Estate Investing

Tennessee Foreclosures Down

April 18, 2013 by Marco Santarelli

In Shelby County, there were 1,030 total foreclosures in the first quarter this year, according to real estate information company Chandler Reports.  That’s down from 1,252 foreclosures during the same period in 2012 – a drop of 17%.  Pull back one year before that, though, and the number of foreclosures had spiked to 1,235 in the first quarter of 2012 compared to 964 in the first quarter of 2011. At this time last year, in other words, the area was in the midst of a 30% gain in foreclosures.  Pointing to the recent drop, some local brokers and Realtors say a combination of forces is at work. There’s been a small improvement in the economy, which helps. Banks also are increasingly pursuing workouts, loan modifications and short sales.

[Read more…]

Filed Under: Growth Markets, Housing Market, Real Estate Investing Tagged With: Foreclosures, Growth Markets, Housing Market, Memphis, Real Estate Investing, Tennessee

Phoenix is Facing a Housing Shortage

April 15, 2013 by Marco Santarelli

A Phoenix home with 95 bids is just one example of a housing market entering a new and unprecedented phase.  Experts at Arizona State University School of Business say Phoenix is headed for a major housing shortage.

Long gone are the days when Phoenix was riddled with available, well-built single-family homes in the wake of the 2008 housing market bust.

Five years after the crash, the desert metro is facing lagging home construction, predictions of population growth and rising land prices, according to real estate experts with ASU.

The end result could be a significant housing shortage in the near future, experts contend.

[Read more…]

Filed Under: Growth Markets, Housing Market, Real Estate Investing Tagged With: Growth Markets, Housing Market, housing shortage, Investment Property, Phoenix, Priority List, Real Estate Investing

An Investor-Driven Recovery

August 27, 2012 by Marco Santarelli

An Investor-Driven Home RecoveryInvestors are buying homes at a more rapid pace than ever before, and this time their investments actually make sense.  Most are buying homes below replacement cost, or at prices that allow for a reasonable rental return.

Across the 167 metro areas we analyzed, investor activity rose to 29.6% of all transactions in the first quarter of this year, up from the trough of 23.6% in Q4 2009.  Our research leads us to believe Q2 activity exceeds Q1, and since last quarter, investor activity has already spiked 2%!

[Read more…]

Filed Under: Economy, Growth Markets, Housing Market, Real Estate Investing Tagged With: Economic Recovery, Growth Markets, Housing Market, housing recovery, Investor Home Sales, Real Estate Investing

Analyze Your Market Using the MAD Method

July 30, 2012 by Marco Santarelli

There are many complicated ways to analyze the market conditions in your local area, enough to confuse and boggle the novice investor’s mind.  However, you can keep things simple by using our “MAD” method.  This means paying attention to three important factors and noting whether they’re going up or down:

M — Median housing prices

A — Active listings on the market

D — Days on the market

By paying attention to these three simple factors, you’ll get a good snapshot of the state of your local market.

[Read more…]

Filed Under: Growth Markets, Housing Market, Real Estate Investing Tagged With: Buyer's Market, Growth Markets, Housing Market, Market Analysis, Real Estate Investing, Real Estate Market, Seller's Market

Understanding Market Cycles

September 22, 2010 by Marco Santarelli

In order to make profitable investments, it’s vital for you to understand the cycles of the real estate market because they directly affect the value of properties you may want to consider.

The first thing to understand that just like the weather has four seasons, so does the real estate market have four general cycles – an up market, a peak market, a down market, and a bottom market. In other words, just as temperatures fluctuate during spring, summer, fall and winter so do property prices in the residential real estate market go up and down in their cycles.

However, unlike weather seasons, market cycles tend to last longer – approximately seven to ten years. Keep in mind that these cycles are normal functions of dynamic markets and are affected by factors within those markets.

Now, let’s take a closer look at the four general markets and what goes on in each of them.

[Read more…]

Filed Under: Growth Markets, Housing Market, Real Estate Investing Tagged With: Growth Markets, Housing Market, Market Cycles, Real Estate Investing

Top 10 Economic Predictions for 2009

December 16, 2008 by Marco Santarelli

The U.S. and world economies are about to suffer through some of the worst recessions in the postwar period. Most measures of economic and financial activity look like they fell off a cliff in September and October, and have been deteriorating at an alarming rate ever since. The United States is now officially in a recession that started in December 2007. Japan and many European countries are in the same boat. At the same time, growth in most emerging markets is faltering. IHS Global Insight now believes that global growth will be in the 0.0 – 0.5% range during 2009, compared with 2.7% in 2008.

  1. THE U.S. RECESSION WILL BE ONE OF THE DEEPEST — IF NOT THE DEEPEST — IN THE POSTWAR PERIOD.
    The current downturn is well on its way to becoming the longest in the past six decades. Based on the December IHS Global Insight baseline forecast for the U.S. economy, it will be the fourth deepest in the postwar period (the 1957 recession was the deepest, followed by the contractions of 1973 – 75 and 1981– 82). Nevertheless, given the very negative tone of the incoming data (including the 533,000 drop in November payrolls), the recession could well be the worst in the postwar period. At the same time, the large back-to-back declines in real GDP predicted for the fourth quarter of 2008 and the first quarter of 2009 (down 5.0% and 3.8%, respectively) are the worst since the 1982 recession, and may easily be the worst in more than six decades. Overall, we expect the U.S. economy to shrink at least 1.8% in 2009.
  2. THE FEDERAL RESERVE AND OTHER CENTRAL BANKS WILL KEEP CUTTING RATES.
    The race to zero is on! The Fed has already cut the federal funds rate to 1% and is likely to take it all the way to zero by the end of January. Once the overnight rate is at zero, the Fed may have to engage in “quantitative easing” (direct purchases of long-term Treasuries). It is already engaging (massively) in unorthodox measures such as buying commercial paper, mortgage-backed securities, credit card debt, and loans to small businesses, students, and car buyers. On December 4, the European Central bank joined the fray by cutting the overnight rate by 75 basis points (to 2.5%), while the Bank of England cut by 100 basis points (to 2.0%). IHS Global Insight now believes that the ECB and BoE will push rates all the way to 1.0% and 0.5%, respectively—and could cut all the way to zero. Most central banks around the world have followed suit. Notably, on November 26, the People’s Bank of China lowered rates by 108 basis points, the largest cut in 11 years and the fourth cut since mid-September.
  3. [Read more…]

Filed Under: Economy, Financing Tagged With: Economics, Growth Markets, Real Estate Economics, Real Estate Investing, Real Estate Market

2007 Top 20 U.S. Tourism Destinations

September 5, 2008 by Marco Santarelli

The 2007 annual ranking of the nation's leading tourism destinations compares domestic and international tourism spending, tourism job creation, and the degree to which each city's economic vitality is dependent upon visitors. The results show that a significant gain in international visitors propelled New York City to the top spot in 2007.

Rank City Rank change from 2006
1 New York City +2
2 Orlando -1
3 Las Vegas -1
4 Los Angeles 0
5 Chicago 0
6 San Francisco 0
7 Washington, D.C. +1
8 San Diego -1
9 Miami +3
10 Atlanta -1
11 Phoenix 0
12 Tampa -2
13 Dallas 0
14 Honolulu +1
15 Houston -1
16 Santa Ana +1
17 Boston -1
18 Seattle +2
19 Philadelphia -1
20 Virginia Beach +5

The U.S. City Tourism Impact, recently released by Global Insight, combines domestic and international travel volumes and spending data from D.K. Shifflet & Associates, as well as the U.S. Department of Commerce's Office of Travel and Tourism Industries with metropolitan area economic data and models from Global Insight to rank the most popular tourist destinations in the U.S.

Filed Under: Economy, Growth Markets Tagged With: Growth Markets, Real Estate Economics, Real Estate Market

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