Cities with the fastest moving inventory
This week’s Top of the TweetsBy Camilla McLaughlin
No certain direction for sales, yet. New home sales fell for the third straight month in July. Still, sales were up 6.8 percent compared to July 2010. Median sale prices also fell over June 2011, but are 8.8-percent higher than a year ago. http://bit.ly/qjrRkA Sales of existing homes were also down — 3.5 percent, in July over June 2011. Still, July’s number was 21 percent above July 2010, which was the cyclical low point. Although jobs and the overall economy play a role in housing, tight credit and problems with appraisals are still significant constraints. Contract failures resulting from declined mortgage applications and appraised values coming in under contract price continue to dog sales. http://bit.ly/qx4Dm
Foreclosures falling? Dallas did not have the number of foreclosures as Las Vegas, Phoenix or other cities, but still it’s a positive indication that foreclosure postings in the Dallas-Fort Worth area fell to their lowest levels in 11 quarters, according to a report from Foreclosure Listing Service, Inc. Thanks to @HousingWire for the link to this story. http://t.co/i41OWDg
Fastest moving inventory — Metros with the fastest moving inventory, those with the shortest number of days on market as measured by realtor.com, in July included Denver, Colo., Oakland, Fresno, Bakersfield and San Jose, California, and Detroit. Denver and Fresno show remarkable improvement year over year. Slowest moving metros included: Naples, Punta Gorda, Fla., and West Palm Beach-Boca Raton, Fla. Savannah, Ga. captured second place among the slowest, even though the number of days on market has improved greatly year-over-year. The story comes via @inmannews. http://bit.ly/oLkQoe
Homes selling at a record pace? If you’re talking about Las Vegas, the answer is “yes,” according to Paul Bell, president of Greater Las Vegas Association of Realtors. In a recent Las Vegas Review Journal article, Bell discussed inventories, even indicating — potentially — a lack of inventory in some locations and some price brackets. http://t.co/Rv2ajTg Once again a tip of the Tweets cap goes to @reallyearllee for pointing us to this story.
Best places to be rich and single! Or best places to be single and looking for a honey with deep pockets. CNN and Money, @CNNMoney, came out with the top places, which include quite a few in Washington, D.C. suburbs. http://t.co/YtSDtSG
Would you buy a car from China or India? You may actually already own one. The Barometer of Automotive Awareness and Imagery Study found that only 38 percent of respondents would consider buying Chinese, and 30 percent a car from India. In contrast, 95 percent are open to buying from an American company, trailed by German (76 percent), Japanese (75 percent), and Korean (49 percent). Gen Y consumers are most open to a Chinese or Indian import. But a number of recognized brands are already owned by corporations based in these countries. The parent for Land Rover and Jaguar, Tata is based in India. And Volvo is owned by China based Geely. Thanks to @consumerreports for the story. http://t.co/GsDklDY
Hierarchy of Digital Distractions (pictured), @infobeautiful, is featured in the latest exhibition at the Museum of Modern Art in New York. Curated by Paola Antonelli, the exhibition, “Talk to Me” explores how innovations in communication design are changing our lives. http://t.co/0liUcKl
No retirement for many seniors! Most baby boomers say they have no intentions of retiring, at least voluntarily, but the impact of the Great Recessions means a growing number of seniors find they may not be able to retire. @NickTimiraos taps into a sentiment that resonates with many in this article. http://t.co/2kyiNg1
Bespoke, going too far. Is everything bespoke today? Luxury and fashion coincide with a Krispy Kreme creation to celebrate London fashion week. Frankly, I can’t think of an odder alliance, but Krispy Kreme UK and Glamour Magazine UK have teamed up to create a custom collection consisting of a strawberry glazed donut and an orange-flovored one. Strawberry recognizes the magazine’s 10 anniversary; orange because it is going to be a hot color this fall and winter.
