Archives for July 2012

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Homes.org Details the June New Home Sales & Starts Report Mixed News for New Homes


(PRWEB) July 29, 2012

Homes.org has released a monthly report that details the June new home sales and starts throughout the United States. The report examines key findings for new home sales in addition to forecasts for what buyers and sellers will likely see in the months to come based on the market activity in June.

The June New Home Sales Report held mixed news while the New Housing Starts report suggests that home building is definitely moving in the right direction. Overall, the numbers for the year show promise even though some figures month-over-month are down.

Key Findings in the June 2012 New Home Sales and Starts Reports include:


????Annual rate of new home sales was 350,000 in June
????8.4% less new homes sold compared to May
????Year to date the number of new homes sold is 15.1% higher than 2011
????Inventory was down 144,000 new homes available on the market
????Median New home price was down 3.2% compared to May 2012
????Annual rate for building permits for privately owned housing units was down to 755,000????
????Privately owned housing starts annual rate was up to 760,000 in June
????539,000 annual rate for single-family housing starts
????Annual rate for privately owned housing completions was up to 622,000
????Annual rate for single-family housing completions was up at 470,000

After Mays two year high for new home sales, things have cooled off significantly. The June annual rate is 15.1% higher than the same time last year, but its down 8.4% compared to May. How things are trending for the year is much more important than the month-to-month numbers which can be volatile, so real estate experts stress that the report indicates new home sales are on the rise. Several factors are contributing to the weak June sales including tight mortgage lending and tight inventory levels.

Even as new home sales declined, more building got underway in June than the month before. Housing starts were up 6.9% at an annual rate of 760,000. Housing starts havent been that high since October 2008. However, this increase in building may not be sustained. Building permits were down 3.7% in June compared to the month before.

Top Factors Effecting Home Sales

????Tight Inventory Levels
????Unemployment????
????Tight Lending
????Slow Economic Recovery

To learn more or search for new homes for sale in your area, please visit: Homes.org

About Homes.org

Homes.org is a fast growing real estate search portal that offers users much more than MLS listings. Homes.org gives users access to a rich collection of resources, including but not limited to, real estate listings, home owner finance tools, home service tools. Homes.org brings buyers, sellers and renters important information about the current markets and intelligent tools by partnering with real estate professionals from around the country. Homes.org is a subsidiary of Star Nine Ventures, Inc. headquartered in Austin, TX.

About Star Nine Ventures?

Star Nine Ventures? is an Austin-based, marketing-driven venture creation company targeting a wide range of national business-to-consumer online marketplaces. Star Nine’s core mission is to build businesses that provide exemplary consumer experiences and unparalleled customer service.







More Austin Real Estate News Press Releases

Rick Otton Seminar to Show Home Owners How to Overcome Refinancing Problems in Falling Market


(PRWEB) July 25, 2012

For home owners or investors who have borrowed a substantial part of their homes values, falling property values can create real financial challenges, believes property investment expert, Rick Otton. In a series of forthcoming free seminars, under the How To Buy A House For A Dollar banner, he is sharing his innovative strategies that help both buyers, sellers and investors in just such a market.

Earlier in 2012, Mr Otton published his property book for Aussies, How To Buy A House For A Dollar, in which he took readers step by step through several of his strategies for buying and selling houses – whatever the economic climate. His free one day seminars, to be held in Victoria, New South Wales and Queensland throughout August 2012, will discuss those strategies in greater depth, in an environment that encourages feedback and networking.

The RP Data figures show that home values in Melbourne have dropped by 8.4 percent, and in Brisbane, by 6 percent said Mr Otton. For people who entered into home loan agreements with very small deposits, drops such as these could lead them into an upside-down loan situation, where the value of the home is less than the outstanding home loan debt.

Should the owners need to sell urgently, for any number of reasons or circumstances, they may find that even after divesting themselves of the property, they are still in debt to their lender.

Refinancing can also be challenging as a result of a tightening of the lending market continued Mr Otton. The strategies that I have developed over the last 30 years, are perfect for just this scenario, and I am really please to be able to share them in my How To Buy A House For A Dollar free seminars.

The real estate investment seminar events are being held in Melbourne, Preston, Sydney, Parramatta and Brisbane. For dates and locations visit HowToBuyAHouseForADollar.com/register

About Rick Otton

For more than 20 years, Rick Otton has been identifying undervalued assets in the real estate market, snatching them up and selling them to build wealth. Otton is the founder and CEO of We Buy Houses, an innovative property firm that has been successfully employing his strategies in the U.S., U.K., Australia and New Zealand.

Otton formulated his strategy in the early 90s and within his first year of real estate investing acquired a portfolio of more than 75 properties. Since then, Otton has made millions in the real estate market, generating huge profits with little risk to his own capital.

Today, Otton is teaching Aussies how to enjoy the same success he has had, buying and selling residential real estate without the debt, risk and reliance on bankers that plague many conventional real estate investors.

Otton has been featured on a variety of Australian TV shows, including an ABC documentary, Today Tonight, A Current Affair and Insight. In 2007, Otton was featured on Channel 9s Hot Property, and gave away a home.

In addition to his television appearances, Otton has also been profiled in publications such as Australian Property Investor, Lifestyle Trader and Your Property Network, among others. You can learn more about Otton and his innovative investment strategies by visiting RickOtton.com.

Information on his free one-day seminars is available now at http://www.HowToBuyAHouseForADollar.com/register







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