Residential

Homes sales in Central Ohio were 1,719 for the month and that’s up almost 17% over the 1,474 for September last year.  Homes going into contract increased 58% last month over a year ago.  Total [...]

Once again, there’s not much in the way of good news to report regarding home sales in Southern California for September 2011.  DQ News reported that 18,149 new and resale homes sold last month, [...]

Sales for July were 1,865 homes, which was a 23.3% increase over July 2010 and the number scheduled to close was up almost 50% from July 2010.  Median price was $141,359 and that is up 5.9% from [...]

US Mortgage Purchase Applications Fell to a 15 Year Low and economic uncertainty resurfaces. “Another week of volatile markets and rampant uncertainty regarding the economy kept prospective [...]

The NAR trade publication, Realtor Mag, reports that foreclosures have dropped for the 10th consecutive month and are now at the lowest level since November, 2010.  In July 2011, 212,764 homes [...]

At 57,000 square feet, this is no starter home, but is the largest private home in Central Ohio, just east of Columbus, reports the Columbus Dispatch and is available for a paltry $15,000,000.  [...]

In Southern California 38,975 new and resale homes sold last month.  That’s up 9.7% from May 2011 and down 11.4% from June 2010, which was the last month of the Home Buyers’ Tax Credit.  Median [...]

This one ties in closely with what I posted yesterday regarding the decline in home ownership in the country.  The national rate, which stood at 66.4% at the end of March would be just under 60% [...]

One of my favorite analysts, Mark Heschmeyer of CoStar News, authored a thought provoking piece on the reality of the American dream being home ownership by talking to real estate professionals [...]

Considering that this one originates from the NRA, you’d expect a little positive spin here and you get a bit.  Good news is that single family starts rose 9.4% last month, and the bad news is [...]

Massive new 1 million square feet mixed use project announced for Hollywood, California at Hollywood and Vine.  Project valued at $1 billion includes two towers with the tallest at 48 stories [...]

Here’ s a fun one to play around with a bit.  You can see that growth slowed in the last ten years in most major Metros. USA Today – Population Growth Slows Below is the interactive [...]

Three states, Nevada, Illinois, and Missouri have proposed bills that ban the use of short sales and foreclosures from the use as comps for appraisals for residential lending purposes.   Maryland [...]

Data from federal regulators show that the nations’ largest lenders repossessed nearly 187,000 homes during 3rd quarter 2010.  Foreclosure completed were up 57 ½ % from same quarter 2009 and [...]

This is a bit interesting.  The follwing chart show where the following cities are growing versus their suburbs.  My home town of Columbus has always been known for balanced growth and it appears [...]

Since I’m originally from Westerville Ohio and many of my California clients own property in Columbus, I’ve been watching the opportunity in Jerome Township, NW of Dublin unfold for [...]

This shouldn’t come as much of a surprise as this has been in the works for a while. Califonia passed the nation’s first mandatory green-building code today that requires new [...]

True, the primary topic of my blog was supposed to be commercial real estate, but since everyone lives somewhere, there are topics of interest concerning residential.  The big one right now is [...]

HVCC   Effective May 1, 2009 Promotes the accuracy of appraisals by shielding them from undue influence, and ensuring that borrowers have sufficient notice of appraisal content by requiring that [...]