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.







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New Homes.org Real Estate Report Released – Memphis Home Sales


(PRWEB) May 28, 2012

The most recent real estate report from Homes.org details the current activity and trends in the Memphis real estate market during April 2012. Making use of the most recent sales data, the Homes.org report highlights the factors that are driving the Memphis market as well as what buyers and sellers can expect in the coming months.

According to data provided by the Memphis Area Association of Realtors (MAAR), the Memphis real estate market prices are up from a year ago but April wasnt quite as strong as March for home sales. Below are some key findings:


????Total Sales in April 2012 are 9% lower than March of this year
????Median Sales Price is $ 86,000 up 13.7% compared to April 2011
????Average Sales Price is $ 126,672, 11.6% higher than April 2011
????As of April 16, 2012 there were 1,797 Pending Sales
????April 2012 inventory levels are up 3.8% compared to the same time last year
????April 2012 had 422 foreclosure actions, up 38.8% from April 2011

While the Memphis real estate market is experiencing an increase in sales, both year-to-date and compared to the same time a year ago, foreclosures are suppressing prices. However, experts are encouraged by the 16.7% increase in monthly sales volume and the overall improvements in April compared to last year. Carol Lott, the MAAR President said, It was a much better April than a year ago, all across the board.

Memphis Real Estate Market Latest Information and Statistics

County: Shelby

Zip Codes in the City: 37501, 37544, 38002, 38016, 38018, 38028, 38088, 38101, 3810338109, 3811138120, 38122, 3812438128, 3813038139, 38141, 38145, 3814738148, 3815038152, 38157, 38159, 38161, 38163, 3816638168, 3817338175, 38177, 3818138182, 38184, 3818638188, 38190, 3819338194, 38197

Population: 662,897

Population (Metro): 1,316,100

Total Households (2006-2010): 246,495

Median Value Owner Occupied Housing (2006-2010): $ 98,300

April 2012 Total Home Sales in Memphis area: 1,166

April 2012 Median Sale Price in Memphis area: $ 86,000

April 2012 Average Sale Price in Memphis area: $ 126,672

Renters vs. Owners (2006-2010): 46.3% vs. 53.7%

Type of Home:

80% Single Family

10% Condo

10% Other

Popular Memphis Neighborhoods Seeing Improvement in Sales

????Downtown
????Midtown
????Parkway Village Oakhaven

To learn more about the Tennessee real estate or search for licensed real estate agents in Memphis, TN, 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 and 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.







Homes.org Published Mortgage Rates Update Rates at Record Lows Yet Again


(PRWEB) July 07, 2012

The findings in this weeks Homes.org mortgage report will make buyers and homeowners that are looking to refinance very happy. After remaining steady last week, mortgage rates have dropped to record lows once again. This week the 30-year fixed rate mortgages fell two basis points and the 15-year fixed rate fell three basis points.

Current mortgage interest rates are:

???????? 3.87% – average rate for a 30-year fixed rate mortgage

???????? 3.13% – average rate for a 15-year fixed rate mortgage

Last week there was very little change in the U.S. and European economies. Though the economy here is moving at an extremely low pace, the European situation is still even more unstable. Paired with reports that showed inflation is in check, the conditions were favorable for lowered rates.

This week there were numerous economic reports released. Below is an overview of this week’s most important economic activity.


????Monday: Institute for Supply Managements Manufacturing Index
????Friday: June Jobs Report

The index indicates the sentiment within the manufacturing sector was well as potential expansion or retraction. The index dropped to 49.7%, a substantial decline from the reported 53.5% in May. Anything below 50 indicates a contraction in manufacturing, and this is the first time since July 2009 that the index hit that level. After the release of the report 10-year Treasury notes yield dropped significantly.

The June jobs report didnt offer a lot of optimism either. The unemployment rate stands at 8.2% after only 80,000 jobs were added last month.

The Homes.org mortgage team predicts that interest mortgage rates are unlikely to go up in the coming week now that more reports show a stalling in the economy.

To find more information on mortgage rates, new home listings and real estate agents, 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 and 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.







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Homes.org Published Mortgage Rates Update Record Low Rates Continue


(PRWEB) May 12, 2012

The record low mortgage interest rates continue on. This weeks Homes.org mortgage report has good news for buyers. Despite renewed concerns over inflation, interest rates continued their downward trend this week. The 30-year fixed rate mortgage fell by 3 basis points this week and the 15-year fixed rate fell 5 basis points.

Current interest rates are:

???????? 4.02% – average rate for a 30-year fixed rate mortgage

???????? 3.20% – average rate for a 15-year fixed rate mortgage

Last weeks underwhelming economic reports likely had a lot to do with the rate drops, even as inflation inched upward. Despite our less than stellar news, economic matters are much more shaky in Europe which is keeping investors interested in U.S. Treasuries and mortgage backed securities.

This week there isnt as many influential economic reports stocks and Europe are like to have more of an affect on rates next week. Below is n overview of this week’s most important economic reports.


????????Thursday: Initial Jobless Claims
????????Thursday: Consumer Sentiment report for May
????????Friday: Producer Price Index (PPI)

The results of the Producer Price Index will likely quiet talk of increasing inflation for at least a while. Experts predicted there would 0.2% rise, but the report found a 0.2% decline. There was more good news in the Consumer Sentiment index, which climbed to 77.8. Thats the highest its been in more than 4 years.

The Initial Jobless Claims report was also positive this week showing fewer people were on unemployment benefits was down 1,000 to 367,000.

The Homes.org mortgage team is predicting that mortgage rates will stay flat this coming week for 30 year fixed-rate mortgages and will possibly drop 1 to 2 basis points for 15 year fixed-rate mortgages.

To find more information on mortgage rates, new home listings and real estate agents, 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 and 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.







Homes.org Provides Professional Analysis of the Madison Real Estate Market


Madison, WI (PRWEB) December 28, 2011

Home.org’s latest market report provides analysis on the health of the Madison real estate market based on the most current statistics and insight from local professionals. The report is the latest installment of an in-depth series that puts focus on local markets around the U.S., giving buyers and sellers a better understanding of what is happening in their local area rather than relying on national statistics.

Like the rest of Wisconsin, in November there was an increase in Madison home sales compared to the same time last year. The increase was fairly significant in Dane county, where home sales went from 244 in 2010 to 319 in 2011.

While there was a slight increase in the average sales price, the median sales price in Dane county fell by more than $ 3500 compared to November 2010 sales statistics. However, this is an improvement over the decline seen in October. Rob Keefe, the Chairman of the Wisconsin Realtors? Association (WRA) Board of Directors, is optimistic for the state as a whole stating, “We are definitely closing out the year on a strong note. The strong market of the last few months has pulled sales in 2011 nearly even with the 2010 level.”

This is despite the federal tax breaks that helped bump up sales last year. The WRA has reported that Wisconsin home sales were up in 4 of 6 regions, with the South Central region of Wisconsin where Madison is located seeing a 25.2% increase in homes sales compared to last year. This makes it the second strongest region in the state. The increased sells are contributed to the fact that homes are very affordable in Wisconsin right now and interest rates are even lower than they were last year. Affordability indexes give Wisconsin a rate of 242 which is much better than the national index which is just below 200.

Madison Real Estate Market Latest Information and Statistics

County: Dane

Zip Codes in the City: 53701-53708, 53711, 53713-53719, 53725, 53726, 53744, 53774, 53777-53779, 53782-53786, 53788-53794

Population (City): 233,209

Population (Metro): 561,505

Total Households(2005-2009): 96,667

Median Home Value (2005-2009): $ 215,900

November Median Sale Price in Dane County: $ 209,900

November Average Sale Price in Dane County: $ 246,983

November Homes Sales in Dane County: 319 homes sold

Foreclosures (Dane County): 1 in 760

Renters vs. Owners: 48.6% vs 51.4%

Type of Home:

55% Single Family

10% Condo

35% Other

Popular Neighborhoods Seeing Improvements:


????Blackhawk
????Burr Oaks
????Dudgeon-Monroe
????Eastmorland Community
????Elvehjem
????Emerson East
????Glacier Ridge
????Greenbush
????Greentree
????Hawk’s Landing
????Heritage Heights Community
????Hill Farms, University Neighborhood
????Lake Edge
????Maple-Prairie
????McClellan Park
????Nakoma League
????Reston Heights
????Rolling Meadows
????Schenk-Atwood
????Sherman Village
????Spring Harbor
????Westhaven Trails

To learn more about the newest homes for sale in Wisconsin and Madison, 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 and 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.

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