Tag Archive for Real Estate

QH – FastCompany: Men & Women Differ in Real Estate

Interesting article by Cliff Kuang in FastCompany.com, dated October 25, 2011, about Men and Women in Real Estate Sales. His article uses data from Trulia.com. To summarize: Men put up more homes to sell, and women list more expensive homes.

Men list more homes:

 

 

 

 

 

 

 

 

Women list expensive homes:

Top 10 – Markets to Recover and Continue to Collapse

Just think of this article as a comparison on the Good and the Bad.  In two articles in 24/7 Wall Street, writers Charles Stockdale and Michael Sauter respectively look at the housing markets poised to recover and those that will continue to struggle.

Both articles based their research from Fiserv data.  Please note that these are their projections of what will happen over the next 18 months.

Here’s a comparison map of both Recovery and Struggle:

Road to Recovery – Charles Stockdale.  These are ranked by the expected percentage change in housing prices from 2011 Q2 to 2012 Q2

  1. Madera, CA:  15.5%
  2. Carson City, NV:   15.5%
  3. Yuma, AZ:  9.5%
  4. Yuba City, CA:  9.2%
  5. Farmington, NM:  8.3%
  6. St. George, UT:  7.9%
  7. Niles, MI:  7.5%
  8. Las Cruces, NM:  7.5%
  9. Syracuse, NY:  7.0%
  10. Mobile, AL:  6.2%

 

Struggles Persist – Michael Sauter

  1. Naples, FL:  -18.6%
  2. Las Vegas, NV:  -15.9%
  3. Riverside, CA:  -14.8%
  4. Miami, FL:  -13.5%
  5. Salinas, CA:  -13.0%
  6. Cape Coral, FL:  -12.2%
  7. Crestview, FL:  -11.9%
  8. Orlando, FL:  -11.4%
  9. Bethesda, MD:  -11.3%
  10. Merced, CA:  -11.2%

Florida continues to look bleak, and California is a mixed bag.

Bankruptcy Ruling – CDDs in Florida

Having lived in Florida, and been part of the process to create a CDD (Community Development District), this article from bondbuyer.com on Sept. 1, 2011, regarding a bankruptcy proceeding in Florida is quite interesting.

Ruling May Hurt CDD Investors in Florida

The skinny:

  • Developer with CDD Debt on a troubled land asset
  • Developer files for Bankruptcy
  • Developer’s Plan of Reorganization restructures CDD Debt
  • Judge Rules that CDD Bondholders have no “legal” standing in the case

Also, here is a cool graphic of CDD debt issued in Florida compared to the rest of the United States.  Chilling statistic:  $5.1B or 70% of CDD Debt in Florida is in Default.

Boom to Bust

This is worth following to see how it will play out in Florida.