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GLOZAL's Blog – August 2011 Archive (55)

More Americans use Smartphones

About 35 percent of Americans aged 13 and older who use mobile devices now have a smartphone, according to new data by market analysis firm ComScore. The number of people who have smartphones increased 10 percent in July to 82.2 million people.

And Google Android is taking the lead in the U.S. smartphone market.

ComScore’s data from July shows that Android devices accounted for about 42 percent of the smartphone user base in the country -- that’s up from 36 percent three months…

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Added by GLOZAL on August 31, 2011 at 5:56pm — 1 Comment

Spring buying boosts home prices in U.S. cities

WASHINGTON – Aug. 31, 2011 – Spring buying pushed home prices up for a third straight month in most major U.S. cities in June. But the housing market remains shaky, and further price declines are expected this year.



The Standard & Poor’s/Case-Shiller home-price index showed Tuesday that prices increased in June from May in 19 of the 20 cities tracked. Prices rose 3.6 percent in the April-June quarter from the previous quarter. Neither of those numbers is adjusted for seasonal…

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Added by GLOZAL on August 31, 2011 at 10:10am — No Comments

2 Men Face Charges on Duping Home Owners

Two men suspected of scamming homeowners struggling to avoid foreclosure will be arraigned today in San Bernardino Superior Court on a 45-count criminal complaint.

 

Prosecutors say Stephen Andrew Easterly, 47, and Emanuel Percival, 36, defrauded at least 25 people with their Fontana business and affected more than $17 million in home loans.

"Basically, they…

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Added by GLOZAL on August 30, 2011 at 3:07pm — 1 Comment

TOP 5 Real Estate Markets Offering the Most Business

Which markets are offering the most favorable conditions for real estate professionals? Inman News recently analyzed total sales, median sales price, real estate licensee data, and REALTOR® membership counts in metro areas across the country for its latest report,"Top Markets for Real Estate Agents." 

The report shows that not all real estate professionals are seeing shrinking sales and incomes. Seven out of the 10 markets on the list had median sales prices rise year-over-year in May…

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Added by GLOZAL on August 30, 2011 at 9:38am — 1 Comment

Top 10 markets for REALTORS

No matter the state of the housing market, there are real estate professionals doing business. Despite gloomy housing and economic news at the national level, real estate agents and brokers in some markets are seeing a high dollar volume in home sales due to rising prices and relatively vibrant local economies.

Inman News examined total sales, median sales price, real estate licensee data and Realtor membership counts in dozens of metro areas across the country to develop a list of 10…

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Added by GLOZAL on August 30, 2011 at 9:32am — No Comments

Number of short sales on the rise

SEATTLE – Aug. 29, 2011 – Short sales are increasing as a percentage of home sales in many states, helping some neighborhoods and homeowners avoid the more devastating impacts of foreclosures.



Short sales – when lenders allow financially strapped borrowers to sell homes for less than their unpaid mortgage – accounted for 12 percent of home sales nationwide in the second quarter. That’s up from 10 percent in the same period last year, says researcher RealtyTrac.



The increases… Continue

Added by GLOZAL on August 29, 2011 at 6:00pm — 3 Comments

Pending Home Sales Slip in July

AUGUST 29, 20111.  Pending home sales declined in July but remain well above year-ago levels, according to the National Association of REALTORS®. All regions show monthly declines except for the West, which continues to show the highest level of sales contract activity.

The Pending Home Sales Index, a forward-looking indicator based on contract signings, slipped 1.3 percent to 89.7 in July from 90.9 in June but is 14.4…

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Added by GLOZAL on August 29, 2011 at 1:27pm — No Comments

Top 10 Fastest-Growing Real Estate Co.’s

 

Inc. Magazine recently listed the 5,000 fastest-growing private companies, based on revenue growth in a three-year period from 2007 to 2010. From that list of 5,000, 52 companies from the real estate category made it on the list.  

Here are the companies in the real estate category that topped…

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Added by GLOZAL on August 29, 2011 at 9:08am — No Comments

Financial turmoil intensifies homebuyers’ anxiety

MILWAUKEE – Aug. 28, 2011 – The past month wasn't exactly a confidence-booster for would-be home buyers and sellers.



They've witnessed a turbulent stock market, a downgrade of U.S. credit, a spreading European debt crisis and a U.S. economy that seems to be running in place.



And now many say they're even more hesitant – a retreat that could further delay a rebound in housing. It could hold back the overall economy, too.



"I have people who are just waiting and waiting,… Continue

Added by GLOZAL on August 28, 2011 at 10:28am — 3 Comments

Hurricane Irene Hits U.S. Coast

 Hurricane Irene howled ashore in North Carolina with heavy winds, rain and surf on Saturday on a path threatening the densely populated U.S. East Coast with flooding and power outages.

 The eye of the storm crossed the North Carolina coast near Cape Lookout around 7:30 a.m. EDT, forecasters at the U.S. National Hurricane Center said.…

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Added by GLOZAL on August 27, 2011 at 12:08pm — 2 Comments

White House weighs mass refinancing plan

WASHINGTON – Aug. 26, 2011 – The White House is considering a housing proposal that would allow millions of homeowners with government-backed mortgages to refinance into lower interest rates, The New York Times reports.

 

“A wave of refinancing could be a strong stimulus to the economy, because it would lower consumers’ mortgage bills right away and allow them to spend elsewhere,” an article in The New York Times notes.

 

Many homeowners have been unable to take advantage of… Continue

Added by GLOZAL on August 26, 2011 at 4:47pm — 3 Comments

Economic Slowdown Impacts Commercial Real Estate

 

Miami, FL August 26, 2011-Commercial real estate vacancy rates are flat, and projections for improvement have been moderated because economic growth and job creation have been weaker than expected, but modest improvements are expected over the coming year, according to the National Association of…

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Added by GLOZAL on August 26, 2011 at 9:01am — No Comments

Foreclosures Sell for Up to 40% Less

Foreclosures made up about one-third of all home sales during the spring quarter (April to June), and sales were about six times the percentage of foreclosures in a healthy housing market, RealtyTrac Inc. reports.

Foreclosure sales likely would have been much higher too if so many banks hadn’t slowed their foreclosure processes while state and federal officials continued to investigate possible faulty practices. Foreclosure sales — which include homes purchased after they receive a…

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Added by GLOZAL on August 25, 2011 at 4:02pm — 1 Comment

Steve Jobs resigning as CEO

 

SAN FRANCISCO -- Steve Jobs, the mind behind the iPhone, iPad and other devices that turned Apple Inc. into one of the world's most powerful companies, resigned as the company's CEO on Wednesday, saying he can no longer handle the job.

The move appears to be the result of an unspecified medical condition for which he took an indefinite leave from his post in January. Apple's chief operating officer, Tim Cook, has been named CEO.

In a letter addressed…

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Added by GLOZAL on August 25, 2011 at 9:00am — 4 Comments

Palm Beach & Broward Bidding Wars everywhere

Buyers scrambling with fewer homes for sale



 

An encouraging sign for the South Florida housing market: The numbers of homes and condominiums for sale continue to…

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Added by GLOZAL on August 24, 2011 at 5:56pm — 1 Comment

The basic steps of foreclosure

WASHINGTON – Aug. 24, 2011 – In recent news, Fannie Mae has publicly assured homeowners going through foreclosure that they will be protected from losing their homes while applying for a federally funded loan modification. Homeowners can apply for a modification at any point before or during the…

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Added by GLOZAL on August 24, 2011 at 3:50pm — 3 Comments

Fannie: Dark clouds loom but no recession

WASHINGTON – Aug. 24, 2011 – The economy was hit by a barrage of disappointing news during the last month, which led to a downgrade in the overall macro economic forecast released today by Fannie Mae’s Economics & Mortgage Market Analysis Group.



While the August 2011 Economic Outlook does not…

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Added by GLOZAL on August 24, 2011 at 8:10am — No Comments

New-home sales fell 0.7% in July

WASHINGTON (AP) – Aug. 23, 2011 – The number of Americans who bought new homes fell for the fourth straight month in July, putting sales on track to finish this year as the worst on records dating back half a century.



Sales of new homes fell nearly 1 percent in July to a seasonally adjusted annual…

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Added by GLOZAL on August 23, 2011 at 6:11pm — 1 Comment

Buyers to sellers: Just how low will you go?

NEW YORK – Aug. 23, 2011 – Low-ball offers from homebuyers seems to be the norm these days. But as economic and stock market woes continue, some buyers are using it as an opportunity to submit even lower offers.



“Buyers are going to use every point of leverage they can to get a lower price,” Glenn…

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Added by GLOZAL on August 23, 2011 at 7:30am — 3 Comments

Economic Woes Prompt Buyers to Back Out of Deals

Recent falls in the stock market and growing concerns over the cloud hanging over the U.S. economy has prompted more home buyers to cancel real estate deals or continue to sit on the sidelines, analysts say.

The National Association of REALTORS® said in a recent report that home buyer cancellations in the last two months increased about 10 percent from a year earlier. Lawrence Yun, NAR’s chief economist, says the increase is due to low appraisals that do not match the mortgage amount,…

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Added by GLOZAL on August 22, 2011 at 2:00pm — 1 Comment

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