Posts Tagged ‘ Market Trends ’

HomeGain Agent Advisors Give Sign of Improving Market

The HomeGain Advisors met for their quarterly meeting on Thursday, July 23. The Advisors represent real estate agents across the country and provide insight into HomeGain products and services, market trendshomegain-advisors-09 and Realtor behavior.

In line with a recent HomeGain poll in which 75 percent of respondents said their markets were speeding up, the majority of the Agent Advisors said that business has increased in the recent months.

The majority of Advisors reported that a good deal of their business can be attributed to the $8000 tax incentive offered by the federal government to first time home buyers.

One Advisor in Florida stated that 60 percent his real estate business was first time home buyers. He indicated that he believed the tax incentive had motivated them to purchase a home. Advisors in Chicago and Maryland echoed this statement, while an Advisor in the Scottsdale and Phoenix areas of Arizona estimated a larger amount at 75 percent and an Advisor in Texas reported about 50 percent. Continue reading this post


Posted by: Peter McCullough on August 10th, 2009 under HomeGain


Apartment Vacancy Rate Hits Two-Decade Record

The economy’s decline leveled off significantly from April through June, confirming  that the worst is behind us.

gdpGDP declined at an annualized rate of 1 percent in the second quarter, after shrinking an amazing 6.4 percent earlier this year. But consumer spending, 70 percent of economic activity,  continues to fall as Americans continue to save and  reduce debt. Economists express concern that our basic spending habits have been permanently altered by this great recession. This is also having an effect on rentals as renters downsize or insist on rent reductions.

With this as a backdrop we looked at rental rates which a are a prime factor in evaluating a property. We clearly have a long way to go. The Dept of Commerce chart indicates we are at a fragile beginning of a recovery. The key to successful property ownership now will be to keep it occupied and ride this out. Continue reading this post


Posted by: Howard Sobel on August 6th, 2009 under Market Trends


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