http://www.realestateids.com In this short video, I reveal how Google’s New Search layout affects how you run your real estate business or any business for that matter on the internet. Want to sell your real estate on Google? You need to watch this video because social media plays a big role in Google’s business. This plays a big role in your business as well. You can’t afford to miss it.
Duration : 0:7:38
Hello and welcome to This Month in Real Estate. Im Jay Papasan.
The First Time Homebuyer Tax Credit has been extended and expanded, and the details can be found in our most recent special edition.
For December, we take a look at the results the incentive had on stimulating home sales since 2008.
According to the IRS, about 1.4 million people have taken advantage of the first time homebuyer tax credit.
Not surprisingly, California ranks number one with the number of people filing a claim for the tax credit, while Alaska and Wyoming are among the states with the fewest number of claims.
But those numbers dont tell the whole story. For more, we go to Bryon Ellington. Bryon?
Bryon: Thanks, Jay.
According to the Internal Revenue Service, every state in the Union has participated in the First Time Home Buyer Tax Credit.
If we look at the results according to the total number of claims, heres how the rankings shake out:
California is number one with more than 160 thousand tax payers taking advantage of the first time home buyer tax credit.
Texas is number two with over 131 thousand.
And Florida is number three with over 105 thousand.
But when we look at the data in terms of per capita claims, or the percentage of folks in each state who took advantage of the tax credit, we get radically different results.
Heres a look at the top three in terms of per capita participation in the tax credit
Nevada is in the number one position with more than 20 thousand claims out of a population of 2.6 million.
Utah is in the number two position with over 17 thousand claims out of a population of 2.7 million.
And Arizona is in the third position with over 38 thousand claims out of a population of 6.5 million.
Whats more, we find Alaska moving from near the bottom of the rankings to number 26 above California! And Wyoming, the least populated state in the U.S., moves to number 16. Thats just a bit behind Texas in terms of per capita tax payer participation.
Back to you, Jay
Jay: Thanks, Bryon. Thats it for This Month in Real Estate. Thank you for joining us.
Duration : 0:3:6
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Duration : 0:5:31
Each month, This Month in Real Estate provides expert opinion and analysis on real estate trends across the nation. The aim of the consumer-oriented segments is to help agents combat the “doom and gloom” messages of the national print and television media with real information on real estate.
Duration : 0:3:39
We went and looked at some real estate this weekend to see how it’s bottomed. All it did was worry me more. I’m sure my city is different than the ones the news must be reporting. The real estate crisis is not over, at least I don’t think it is. People have been hammered with the price drop in the last couple of years. Reality is just starting to set in for some. I think the high end home owners are in the most denial. The reality of real estate, who is able to afford huge mortgages when most should are just thankful they have a job. I’ve noticed the cost of goods (food, shipping costs, wholesale prices) are much higher and these prices are go to be passed down after some time. I think we will see or are seeing deflation with home prices still and hints of inflation on most other goods and services. H1N1 should help screw up our service based economy as soon as flu season hits. How’s your home town doing? That’s all I have.
Duration : 0:2:30
Need to lease any office space? There is more and more available in Florida and other places around the country. If this continues many more companies will be out of business and bankrupt. I’ve heard over 150K businesses went bust last year.
Duration : 0:1:5
How is your town doing? Is there tons of empty commercial real estate? Is this the end of the urban sprawl? Many are losing millions from lost rentals. If the large corporations are having a hard time staying in business how is the little guy going to make it? If debt is money and there is no credit, there is no money! Please add a video of your town of commercial or residential. You pray & the churches prey! March 13, 2009
Duration : 0:2:35
Friday, February 12, 2010
http://www.allamericangold.com/
Commercial Real Estate’s Coming $1.4 Trillion Crisis
By LITA EPSTEIN – Daily Finance
In a report released Thursday, the Congressional Oversight Panel sounded the alarm bell about a potential crisis involving $1.4 trillion in commercial real estate loans that will come due between now and 2014. The panel warns that the “financial crisis will not end” because of the “potential impact that breakdown in those markets could have on local communities, small businesses, and individuals.” It is feared that when these loans come due, companies will be unable to repay or refinance them because of deteriorating conditions in the commercial real estate market. Most of these loans were made at the top of the real estate bubble in 2007 and have lost as much as 40% of their value. Nearly half are underwater — the properties are worth less than balance of their loans.
http://www.dailyfinance.com/story/investing/commercial-real-estates-coming-1-4-trillion-crisis/19353759/
Duration : 0:10:57
Friday, February 12, 2010
http://www.allamericangold.com/
Commercial Real Estate’s Coming $1.4 Trillion Crisis
By LITA EPSTEIN – Daily Finance
In a report released Thursday, the Congressional Oversight Panel sounded the alarm bell about a potential crisis involving $1.4 trillion in commercial real estate loans that will come due between now and 2014. The panel warns that the “financial crisis will not end” because of the “potential impact that breakdown in those markets could have on local communities, small businesses, and individuals.” It is feared that when these loans come due, companies will be unable to repay or refinance them because of deteriorating conditions in the commercial real estate market. Most of these loans were made at the top of the real estate bubble in 2007 and have lost as much as 40% of their value. Nearly half are underwater — the properties are worth less than balance of their loans.
http://www.dailyfinance.com/story/investing/commercial-real-estates-coming-1-4-trillion-crisis/19353759/
Duration : 0:10:54
welcome video