Housing Market Data Further Confirms My Thesis: Lights Out On The ‘recovery’

Dave Kranzler picture

This too is bearish. This brings me to the KB Homes quarterly earnings report from yesterday ( Fiscal Q3 ended 8/31 – pdf of the SEC 8-K filing). KBH reported earnings which exceeded estimates. However their revenue number missed by quite a big margin ($549mm reported vs.
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Household Worth in U.S. Rises as Housing Market Improves (1)

New York Shopping

Household net worth is $6.7 trillion above its pre-recession peak of $68.1 trillion reached in the third quarter of 2007. Photographer: Craig Warga/Bloomberg Household wealth in the U.S. increased from April through June, supported by gains in the sites stock and housing markets that are improving Americans finances. Net worth for households and non-profit groups climbed by $1.34 trillion in the second quarter, or 1.8 percent from the previous three months, to $74.8 trillion, the Federal Reserve said today from Washington in its financial accounts report, previously known as the flow of funds survey. Climbing stock prices and rising home values have helped ease the sting of higher payroll taxes and across-the-board federal spending cuts this year. Further employment and wage gains, combined with cheaper borrowing costs made possible by the Feds record monetary stimulus, may provide more room for improvement in household balance sheets and consumer spending, which makes up 70 percent of the economy.
For the original version including any supplementary images or video, visit http://www.businessweek.com/news/2013-09-25/household-worth-in-u-dot-s-dot-rose-by-1-dot-3-trillion-in-second-quarter

Trulia: U.S. Housing Market Now 67% Back To Normal

Trulia_HousingBarometer_LineChart_August2013-01

The share of mortgages in delinquency or foreclosure dropped to 8.66% in August, the lowest level in over 5 years. The combined delinquency + foreclosure rate is 60% back to normal. Averaging these three percentages together, the housing market is now 67% back to normal, compared with just 42% one year ago. As the recovery matures, some types of housing activity, like sales and price levels , have returned to near-normal, while others, like construction and household formation , remain far from normal. The housing recovery doesnt follow a straight line; instead, it moves through phases , with some measures of housing activity returning to normal long before others do.
For the original version including any supplementary images or video, visit http://www.forbes.com/sites/trulia/2013/09/26/trulia-u-s-housing-market-now-67-back-to-normal/

Zillow: How Much Does It Cost To Rent In The Suburbs? (gallery)

Rent-A-Center’s “Operation: Just Like Home” Supports Military Families

Even now, as developers rush to construct nearly 15,500 new units over the next few years, occupancy rates remain tight and rents are still rising. Rising rents: See what rental rates are in your city According to a spring survey by Multifamily NW, formerly the Metro Multifamily Housing Association, the area occupancy rate stood at 3.55 percent in the spring and rents were increasing at an annual rate of about 4 percent, on average. Seattle-based Zillow.com offered a comprehensive view of what it costs to own and rent a home in Portland and its suburbs. Tuesday, we published its take on home price trends in the region.
For the original version including any supplementary images or video, visit http://www.bizjournals.com/portland/blog/real-estate-daily/2013/09/zillow-how-much-does-it-cost-to-rent.html

Employee Uniforms: Buy or Rent? Cintas Corporation Outlines Five Factors to Consider Prior to Implementing a Workplace Apparel Program

Throughout the years, Rent-A-Center has held our nations military in the highest regard and supported a variety of military organizations The year-long effort saw Rent-A-Center provide brand new name-brand merchandise to nine military installations across the country. The aid came in the form of furniture, electronics, computers and appliances. Valued at over $100,000, the Rent-A-Center-supplied merchandise was aimed at providing a more comfortable and relaxing on-base environment for servicemembers, veterans and their families.
For the original version including any supplementary images or video, visit http://www.businesswire.com/news/home/20130926006378/en/Rent-A-Center%E2%80%99s-%E2%80%9COperation-Home%E2%80%9D-Supports-Military-Families

Zillow: How much does it cost to rent in the suburbs? (Gallery)

Safety Requirements For the construction, oil and gas, utilities, maintenance and electrical industries, employee safety is a top priority. In the electrical industry alone, an unsuspecting arc flash can property management jobs maryland kill or severely injure employees who arent wearing the proper flame-resistant clothing. Although the Occupational Safety and Health Administration (OSHA) and the National Fire Protection Association (NFPA) require businesses to equip employees with the proper personal protective equipment (PPE) for the job, it can be challenging to navigate the regulations and ensure the proper gear and garment cleaning and maintenance.
For the original version including any supplementary images or video, visit http://finance.yahoo.com/news/employee-uniforms-buy-rent-cintas-145200950.html

Real Estate: Helping You Into Safety Harbor Living As Low As $75,000 (photos)

Real Estate: Pool Homes for sale in New Port Richey under $150,000

ProFusion Property Group specializes in the listing & sale of residential real estate all over Pinellas, Pasco & Hillsborough County. His team has successfully sold over 175 units for their clients in 2012, while maintaining an exceptional sold price to list price statistic of 99.08%. For more information, free tips, and free home searches, please visit Josh & this website the ProFusion Team at http://www.profusionpg.com ! Next
For the original version including any supplementary images or video, visit http://www.examiner.com/article/real-estate-helping-you-into-safety-harbor-living-as-low-as-75-000

Reminder – Alexandria Real Estate Equities (ARE) Goes Ex-Dividend Soon

ARE+Dividend+History+Chart

As a percentage of AREs recent stock price of $65.97, this dividend works out to approximately 1.03%, so look for shares of Alexandria Real Estate Equities, Inc. to trade 1.03% lower all else being equal when ARE shares open for trading on 9/26/13. Click here to learn which S.A.F.E.
For the original version including any supplementary images or video, visit http://www.forbes.com/sites/dividendchannel/2013/09/24/reminder-alexandria-real-estate-equities-are-goes-ex-dividend-soon/

Hidden Gems In The Single-family Rental Market

Markets close in 57 mins. Hidden gems in the single-family rental market By Christina Medici Scolaro | Big Data Download 3 hours ago Print Homeowners can enjoy solid returns on single-family rental properties nationwide, but finding a property to buy is proving more difficult after institutional investors scooped up much of the inventory during the housing downturn. Housing data companies RealtyTrac and RentRange dug into the numbers and compiled a list of the Top 25 Single Family Rental Markets that have not been pilfered by institutional investors, yet still produce nice yields. The analysis was limited to single-family homes with three bedrooms.
For the original version including any supplementary images or video, visit http://finance.yahoo.com/blogs/big-data-download/hidden-gems-single-family-rental-market-154901387.html

Bookstore to launch textbook rental program

I always look on Amazon, PostYourBook.com, and ask my friends if they own, or know someone that owns, the book I need, said SMC student Stephanie Alonso. Ive found those websites very helpful, and I have purchased several of my books off property management maryland of students, so a rental system sounds great, she said. Once the class is over, Ill just store the book under my bed, and it just sits there collecting dust until someone buys it off me. SMC student Peter Guerrero expressed a similar view.
For the original version including any supplementary images or video, visit http://www.thecorsaironline.com/news/2013/09/25/bookstore-to-launch-textbook-rental-program/

Soros To Goldman Poised To Win On Crisis-era Housing Bet

Homebuilders Show Housing Recovery Hasn’t Crumbled Yet

MGIC, Radian and Genworths mortgage guarantor all have B strength ratings, which are seven steps lower. Raising capital in the IPO could help Essent extend its advantage over rivals, Moodys Investors Service said in a Sept. 23 research note. Moodys has a see page Baa3 financial strength rating with a positive outlook on Essents insurance unit. Our financial strength has been a reason that some customers have done business with us, Essent said in the filing. This competitive advantage may be mitigated if our competitors continue to improve their capital positions, profitability and financial strength ratings. Radian rose 2.1 percent today to $13.74 at the close in New York trading, extending its gain this year to 125 percent.
For the original version including any supplementary images or video, visit http://www.bloomberg.com/news/2013-09-24/soros-to-goldman-poised-to-win-on-crisis-era-housing-bet.html

Housing authority cites progress in Asbury Park

The Boston Way Village housing complex in Asbury Park will be demolished. 
COURTESY OF LONG BRANCH HOUSING AUTHORITY

COURTESY OF LONG BRANCH HOUSING AUTHORITY LONG BRANCH After nearly a decade of innovative public housing redevelopment by the Long Branch Housing Authority (LBHA), Executive Director Tyrone Garrett is hoping to duplicate that success in Asbury Park. Garrett said in a Sept. 19 interview that the LBHA, which has acted as interim manager of the Asbury Park Housing Authority (APHA) since 2012, will create a redevelopment plan for the authority before the interim contract expires in May. We are working on a way to create a redevelopment plan thats the real goal, he said.
For the original version including any supplementary images or video, visit http://atl.gmnews.com/news/2013-09-26/Front_Page/Housing_authority_cites_progress_in_Asbury_Park.html

Jonathan Miller on Home Prices, Market Outlook

KB Home said overall selling price rose 22% to $299,100, and it delivered 6% more homes. At Lennar, selling price rose 33% to $291,000, and homes delivered increased 37%. In addition to KB Home and Lennar, other major U.S.
For the original version including any supplementary images or video, visit http://www.forbes.com/sites/abrambrown/2013/09/24/homebuilders-show-housing-recovery-hasnt-crumbled-yet/

Real Estate Director Paid Rs 42 Lakh For Modi’s ‘mahakumbh’ In Bhopal: Digvijaya

Digvijay

The Congress general secretary said that when the Income Tax Department had raided the premises of Dilip Buildcon owner Dilip Suryavanshi in June 2012, it had also raided places owned by Devendra Jain. The ‘Karyakarta Mahakumbh’ is to be addressed by Gujarat Chief Minister Narendra Modi in Bhopal. Meanwhile, Union Minister of State for Power Jyotiraditya Scindia who is the Chairman of the Madhya Pradesh Congress Poll Campaign Committee said, “Shivraj Singh Chouhan talked big things yesterday at the National Integration Council meeting. However, the manner in which the BJP had got burqas stitched has exposed the party.” “The mask which the BJP is wearing, would be removed by the people of the state in the assembly elections,” he added.
For the original version including any supplementary images or video, visit http://www.indianexpress.com/news/real-estate-director-paid-rs-42-lakh-for-modis-mahakumbh-in-bhopal-digvijaya/1173572/

Real estate deductions on the chopping block?

U.S. Capitol image via Shutterstock.

Media attention has been focused on Congress partisan food fight over shutting down the government and defunding Obamacare. But outside the spotlight last week something potentially more important for real estate was taking shape on Capitol Hill: a tax reform outline being put together by the Republican chairman of the House Ways and Means Committee that could bring more far-reaching changes than most observers had expected. Though Democrats on Ways and Means were shut out of meetings as were most congressional staff members in order to keep the lid on the details some hints of where committee Chairman Dave Camp, R-Mich., is taking his tax code overhaul plan managed to seep out. These could change as the politics of the legislative effort morph over the coming several weeks, but here are a few items mentioned by sources with at least limited access to participants in the process. Camp and the Republican majority on Ways and Means may attach a tax reform timetable and broad objectives but almost no specifics on cuts and changes to the upcoming debt ceiling bill that Congress must consider before mid-October.
For the original version including any supplementary images or video, visit <a property management in baltimore href=’http://www.inman.com/2013/09/24/real-estate-deductions-on-the-chopping-block/&#8217; >http://www.inman.com/2013/09/24/real-estate-deductions-on-the-chopping-block/

Rent Vs. Buy: Why Buying A House Generally Wins

Advocates of buying will use arguments that feature phrases such as “throwing away money on rent,” “mortgage interest rate deduction,” and “forced savings.” They may even appeal to your sense of community by pointing out the social benefits of an ownership mentality. Advocates of renting will say the benefits of homeownership are overrated while the costs are underrated. From the title of this column, you know where I stand.
For the original version including any supplementary images or video, visit http://www.fool.com/investing/general/2013/09/22/rent-vs-buy-why-buying-a-house-wins.aspx

Rent The Runway Will Now Offer Dresses Up To Size 22

“Every woman deserves to feel beautiful before the most important occasions in her life,” Hyman said in a statement released on Tuesday. “Until now, we have only been able to follow through on this undertaking for virtually half of the female population.” In today’s image-driven culture, it’s easy to forget that the average American woman wears a size 14 , so expanding its size range is a logical way for RTR to grow. The website, which allows customers to rent and return high-end designer dresses at discounted prices, now offers styles ranging from sizes 14 to 22. Designers Badgley Mischka, Carmen Marc Valvo and Theia have crafted RTR exclusives, and the site will continue to offer existing plus-size styles by Kay Unger and Adrianna Papell.
For the original version including any supplementary images or video, visit http://www.huffingtonpost.com/2013/09/17/rent-the-runway-plus-size_n_3941515.html

Rent The Runway’s Plus-Size Division Is Finally A Reality

Need a catwalk-worthy dress or purse for an event, but dont have the funds to cash in on it? Rent the Runway hooks it up for a diminutive fraction of its original price (think baltimore property management a Vera Wang gown for $275 instead of $2,000), provided you return your items within the allotted 4- or 8-day window. But despite its obvious advantages, and its convenience factor, the service has always seriously lacked in one area: plus sizes. CEO Jenn Hyman gathered a whos who of the fashion industrys top plus-size bloggers and journalists to introduce the brands exciting new endeavor. Hyman told the crowd that when she first launched Rent the Runway, she asked designers to offer wares for sizes 0 through 22, and found herself laughed out of the room. But with the passage of time, and the growing acceptance of increased sizes in the industry at large, Rent the Runway will now offer styles from designers like Carmen Marc Valvo, Badgley Mischka, and Theia (a few examples shown above) up to a size 22. Hyman went on to say, We are so proud that our business has grown enough that we are finally able to make designer fashion not only accessible to, but also inclusive of, women of all shapes and sizes. [ Fashionista ]
For the original version including any supplementary images or video, visit http://www.thefrisky.com/2013-09-18/rent-the-runway-will-now-offer-dresses-up-to-size-22/

Real Estate Investing – New Video Marketing Tools On Real Estate Investor Websites Released

Turks & Caicos Real Estate Group Offers Luxury Properties for Sale as Tourism Booms

The websites also come loaded with both male and female life-like video speaking models that command instant attention and provide a friendly welcome message that appeals to the needs of the visitors. This increases conversion from prospects to more closed deals. Advanced search engine optimization on the websites ensures they continue to attract leads from the internet. These leads are then converted to closed real estate transactions by the follow-up features resource built into the websites. Each website comes loaded with numerous customizable designs that can be changed with a single click of the mouse. The websites are built to run all aspects of real estate investing from a virtual back office so simple that any real estate investor can run their business from them.
For the original version including any supplementary images or video, visit http://www.virtual-strategy.com/2013/09/23/real-estate-investing-new-video-marketing-tools-real-estate-investor-websites-released

“Because the US economy is on an upswing the Turks and Caicos property values will soon follow, causing prices to go up in a very near future. If you are contemplating adding a vacation property to your investment portfolio or simply wish to make a lifestyle investment for you and your family, now is the time to buy.” Become one of the select few to invest in one of the most desirable islands in the Caribbean. “An investment in real estate in the Turks and Caicos Islands will do more than improve your bottom lineait will create lasting memories for you and your family for generations to come.” says MacPherson.
For the original version including any supplementary images or video, visit http://www.streetinsider.com/Press+Releases/Turks+%26amp%3B+Caicos+Real+Estate+Group+Offers+Luxury+Properties+for+Sale+as+Tourism+Booms/8709759.html

Local Control Over Affordable Housing

A housing fix for California veterans

Comments 3 Gov. Jerry Brown is now considering whether to sign or veto AB 1229, a bill to authorize cities to require affordable units as a condition of development. (Rich Pedroncelli / Associated Press / September 18, 2013) Also By The Times editorial board September 19, 2013 Californians have a problem with housing.
For the original version including any supplementary images or video, visit http://www.latimes.com/opinion/editorials/la-ed-inclusionary-zoning-ab1229-20130919,0,5120878.story

Chesco housing agency goes smoke-free

It is included as an addendum to the lease, which in most cases runs month to month. No one has refused to move in, and prices in Chester County – rents property management company maryland average more than $1,000 a month on the open market, Gravett said, vs. $288 in public housing – make it unlikely that people will drop off the waiting list. Smoke drives up painting and cleaning costs and hurts marketing, he said.
For the original version including any supplementary images or video, visit http://www.philly.com/philly/health/20130920_Chesco_housing_agency_goes_smoke-free.html

Housing Market Lifts Foxtons

N.J. Realtor figures show stronger housing market, though South Jersey remains sluggish

Joe Rundle at City financial firm ETX Capital said: The stock jumping to 280p in the first half hour of trade reflects just how investors feel. Foxtons sold 60 per cent of its equity to become the latest property firm to float after estate agent Countrywide and housebuilder Crest Nicholson earlier this year. The stock jumping to 280p in the first half hour of trade reflects just how investors feel Joe Rundle, ETX Capital The oversubscribed offering raised 335million for selling investors, including majority owner private equity group BC Partners and company staff. Chief executive Michael Brown stands to pocket 52.3million.
For the original version including any supplementary images or video, visit http://www.express.co.uk/finance/city/430991/Housing-market-lifts-Foxtons

That means half of houses selling in the county sold for more, and half for less. Related Documents South Jersey home sales Posted: Sunday, September 22, 2013 12:05 am N.J. Realtor figures show stronger housing market, though South Jersey remains sluggish blog url By BRIAN IANIERI Staff Writer The Press of Atlantic City By BRIAN IANIERI Staff Writer New Jerseys housing market has shown signs of strengthening in the past 12 months, with single-family homes selling 13 days faster and for $11,000 more than the prior year, according to new data from the New Jersey Association of Realtors. The market is starting to rebound, said Jarrod Grasso, the associations CEO. Were having a stronger market than weve seen in the last several years. But some South Jersey markets have been markedly slower. In Cape May County, for example, the median home sale price dropped to $369,275 in the 12-month period ending in August, a 12 percent decline, the NJAR data show.
For the original version including any supplementary images or video, visit http://www.pressofatlanticcity.com/business/real_estate/n-j-realtor-figures-show-stronger-housing-market-though-south/article_eb022380-2320-11e3-8dee-001a4bcf887a.html