Numbers, Numbers, and More Housing Numbers

Hi Everyone,


   It is Friday, and believe it or not, we are just one week away from Christmas, and two weeks from the start of a New Years. It's always an exciting time, since good change is on the way !

   As always, the wheels of our Government are grinding away, and the good folks monitoring the housing market have provided us with some new numbers for New Residential Construction, of which will take a quick look at today.

   As we know from the previous release of these numbers, and as noted in this blog, "New Residential Construction" is broken down into Building Permits, Housing Starts, and Housing Completions. Building Permits were mixed. Housing Starts were up for one segment since the last release, however, down from the same time last year. Finally, the biggest numbers came from the Housing Completions portion, or should I say, "lack of" Housing Completions, with privately-owned completions falling over 14% from October, and close to 40% from last year. That is one heck of a tumble !

   Next week, there are 4 more indicators being released, which are the Loan Performance Housing Price Index (Tue 12/21), NAR Existing Home Sales (Wed 12/22), FHFA Monthly House Price Index (Wed 12/22), and New Residential Sales (Thu 12/23), all of which will be make for a very interesting week.

   We aim to please !

Have a Great Weekend, and Happy Rent-to-Owning !
HomeRun Homes Blog http://blogging.lease2buy.com
HomeRun Homes Website http://www.lease2buy.com

Do the Housing Numbers Make You Dizzy?

Hi Folks,


   Hope you've had a great short week, and you're ready for the Feast !

   As we discussed on Monday, there were quite a bit of pivotal numbers coming out, and I wanted to take a look at them together with you. Whether this will aid in your digestion tomorrow will remain to be seen.

   New Residential Sales: October came in at 8.1% below September and 28.5% below October 2009, and compared to the same numbers released last month, which showed a 6.6 percent short term increase, but was also substantially below the previous year (21.5 percent decrease). What happened to another short-term increase? Where did that go?

   Existing-Home Sales: The figures for October came in 2.2% below September, and 25.9% below October 2009, reflecting, of course, the tax credit frenzy during that period of time.

   FHFA Quarterly Index: This purchase-only FHFA house price index showed a 1.6% drop from the 2nd Quarter to the 3rd Quarter, and a 3.2% drop from the same period in 2009. The biggest movers were the Mountain Division of the US, which was down 4%, while the New England Division rose 0.9%

   We still have a long way to go until we start seeing rock-solid numbers coming out with every new release, and it certainly will, as we cannot create more land, just more houses!

   As a final note, we will be doing a very informative piece on Friday, which will cover the topic of Bank REOs and Foreclosures, so be sure to tune-in (and digest).

Have a Safe and Happy Thanksgiving
...and Happy Rent-to-Owning !
HomeRun Homes Blog http://blogging.lease2buy.com
HomeRun Homes Website http://www.lease2buy.com

A Sales Recovery Has Begun

Hi Folks,

   Hope you had a great weekend.

   So, the word on the street, per the National Association of Realtors, is that, "Existing-home sales rose again in September, affirming that a sales recovery has begun". This was in response to the release of Existing Home Sales data for the month of September, which showed another strong gain.

   Additionally, as the jump was a double-digit one, with a 10% increase, it would certainly seem that there is a housing recovery.

   Please keep in mind that there are also some other important numbers coming out this week:
      Tues 10/26 9AM - S&P/Case-Shiller Home Price Indices
      Tues 10/26 10AM - FHFA Monthly House Price Index
      Weds 10/26 10AM - New Residential Sales

Please stay tuned for more (good) news !

Have a Great Week, and Happy Rent-to-Owning !

Setting Goals in Real Estate Investing

Good Morning,

   I hope you've had a great week, and I hope that you have met all of your goals.

   In mentioning the word, "Goals" during our speaking appearances, we always remind audiences how important it is to set goals in anything that you do, especially in Real Estate investing. There is an entire psychological aspect behind Real Estate investing (too deep to go over in this post), and you need to assess where you stand and if you can weather the housing market "storm" before you should even list your goals and action them. Perhaps this is too abstract for this post, but always remember, we are driven by both psychology, and then by our goals. To hear me discuss this in depth, book me for your next meeting.

   Next week, we have the September numbers coming out for New Residential Construction on Tuesday (Oct 19th), and the Loan Performance Housing Price Index for August on Thursday (Oct 21st). Let's see where things are headed and let's discuss.

CONTEST TIME !

For the first 10 people who place an Ad by 11:59 PM EST Sunday Night:

We will send you a free copy of "Secrets of Rent to Own", or "Will it Work In My Town?"...it's your choice!

Where Can You place Your Ad?

Looking for a Rent to Own Home? Place Your Ad Here
Selling a Rent to Own Home? Place Your Ad Here
Selling a Rent to Own Commercial Property? Place Your Ad Here
Offering a Home Service? Place Your Ad Here

Once You Place Your Ad:

Once you place your Ad, E-mail us from the address you used to place your Ad, and let us know whether you want a copy of "Secrets of Rent to Own", or "Will it Work In My Town?".
E-mail us HERE

Have a Great Weekend, and Happy Rent-to-Owning !



#realestate #realestateinvesting #housing #residential #renttoown
 

Homes Sales Up, and Addressing a Reader Question

Hi Folks,
   Hope you had a nice fall weekend.

   Hot off the Press: The National Association of Realtors (NAR) just released the latest data showing that "Home Sales are Up". Per the Realtor.org website, the Pending Home Sales Index rose 4.3 percent from July, "but is 20.1 percent below August 2009".

   Now, just to make you aware of what this really means; The data reflects the sales contracts (not the physical closings), so the buyer(s) still need to be approved for financing, however, that is a different index.

   Look, many moons ago when I was in the stock market, there was a saying that, "The Trend is Your Friend". I'm sticking by that!

   A few of our readers who have Ads on our site have asked how they can upgrade their Ad(s) to the top of the page ("TOP SPOT"). For example, if you have a home listed on the Florida Rent to Own Homes page, it is listed alphabetically by city. If you want the Ad to also appear on the top of the page in it's own box with extra images and space, you can log into your Control Panel (http://www.lease2buy.com/login.php), click "View Ads", and then you can select the Upgrade/Feature option.

   For those of you who like to "Go Big" from the start, you can skip all of that and create your Ad and upgrade it to the top of the state page ("TOP SPOT") via these links:

If you are Looking for a Rent to Own Home, create your "TOP SPOT" Ad here: http://www.lease2buy.com/top_homeswanted.php

If you are Selling a Rent to Own Home, create your "TOP SPOT" Ad here: http://www.lease2buy.com/top_homesavailable.php

   Please remember that due to the size of the upgraded Ad, we can only offer one per state page (so it is extremely limited, as you can imagine).

Have a Great Week, and Happy Rent-to-Owning !!

Dad's Day, Secrets Winner, and Big Housing Numbers...

Happy Monday to All,

A Happy Belated Father's Day to all of you Dads out there. Our son is not at the "tie-buying" age, yet, but he is still in the "make-a-present-for-daddy" stage, which is absolutely wonderful. The walls of my office are decorated with his masterpieces and it adds color to every day. I know you're too young to read this Blog, but thanks buddy !

Now, on Friday, we announced our contest question; "What city did we begin investing in when we first started our business?". To all of the people who answered correctly and won their free copy of, "Secrets of Rent to Own", Thank You! Now, for the answer to that question, the winners of the contest checked out the "About Us" section (http://www.lease2buy.com/rent-to-own-homes.php), and you found out that the answer was Orlando, Florida.

We officially opened the doors of HomeRun Homes/Lease2Buy.com on June 8, 2002, so we are now officially into our 9th Year. We will continue on with more contests and giveaways, so make sure to tune in here. Want to make life even easier for yourself? Choose one of the "Follow" options on the right-hand side of the page !

This is going to be a very big week in terms of Housing Market data. Today, the Loan Performance Housing Price Index numbers will be released. On Tuesday, some hefty data will be released: NAR Existing Home Sales and the FHFA Monthly House Price Index. As if these major factors weren't enough, New Residential Sales will be released on Wednesday. This is quite a contrast to last week, which was a lot quieter in terms of Housing.

We will check back with you on Wednesday to take a look at what these numbers were, what they mean for you and I, and to take a look at how they can or will impact the Rent to Own Homes market.


Have a Great Week, and Happy Rent-to-Owning !

Pending Home Sales and Real Estate Trouble Spots

Hi Everyone,

Hope everyone had a healthy and productive week. Not only is Friday upon us, but yes...May is upon us !

Living on the East Coast has it's perks, and being a couple hours away from Atlantic City is one of them. That is if you enjoy that kind of stuff. I came across an article citing Atlantic City as one of "Tomorrow's Real Estate Trouble Spots". No surprise that Atlantic City, N.J., is on top of the list, however, I always thought that aside from the Casinos, the area outside of the bright lights was depressed, in terms of home prices and the economy. So, basically, it's more of a yesterday and today "Trouble Spot". As a side note, this was from a survey of 315 cities, so the sampling size they used was pretty large, and it carries some weight with it.

We have been doing a lot of internal work on our site, in terms of aesthetics and our database. We will have a new Press Release coming out next week, and we'll be sure to notify everyone here regarding it.

Next Week (Tuesday, May 4Th), The Pending Home Sales Index numbers will be released, and this should be reflecting the tax credit for (new) home buyers.

Finally, for additional background on our Rent to Own website and a peak at our history, please read more about us here: http://www.lease2buy.com/rent-to-own-homes.php

A lot of exciting and cool stuff coming next week - so stay tuned.
Have a Great Weekend, and Happy Rent-to-Owning !

Major Housing Confidence Index drops...

Per the Long Island Business News:
"The National Association of Home Builders said Monday its housing market index, which tracks industry confidence, slipped this month by two points to 15, back to its January level"

This is the index that homebuilders use to show market confidence.

The good news is that traditionally, we are entering one of the busiest times for this industry, and the next 3-6 months will truly paint a better picture for us to see.

Happy Rent to Owning!