For those of you that do not Tweet – you should consider doing so. If you want to talk about effective bang for the buck, the 140 total characters, letters, numbers and spaces of a Tweet on Twitter certainly qualifies. Who knew you could say so much in so little? Evidently the NFL just agreed to that statement also.
More important perhaps, is that Millennials (Social Media Core Users) are not only the largest population cohort ever seen in the U.S., but also as of 2016 the largest home buying segment. Join in or check out.
Tweeting reminds me of Mark Twain, who wrote, “I would have written you a shorter letter but I didn’t have the time.” You need to pack a lot in a little space.
Twitter followers on DrTCJ now total 2,068 – please tell friends and colleagues. This is one of the periodic Jones on Real Estate blog postings covering the latest Tweets.
While you may recognize some of the data from my blog postings, there are always items that just get Tweeted. I am always looking for “I did not know that” information.
DrTCJ’s Tweets March 25, 2016 Through April 7, 2016
- Cheap energy costs have altered SUV buyers, as 97% looked at gasoline-only models in 2015, up from 65% in 2012 – USA Today
- Among vacation home buyers in 2015, 24% either rented or tried to rent their property and also plan to rent in 2016 – NAR
- Median household income of investor home buyer was $95,800 vs $87,680 in 2014 – NAR
- 2015 U.S. Vacation Home Buyers 40% Beach 19% Mountains or Lakefront 16% Country NAR
- Almost one-half (47%) off all vacation home buyers in 2015 were in the South compared to 41% in 2014 – NAR
- The typical vacation home buyer in 2015 had a median household income of $103,700 vs $94,380 in 2014 – NAR
- 2015 saw 38% of vacation home buyers paying all-cash in 2015, up from 30% in 2014 – NAR
- Vacation home sales were 16% of all transactions in 2015, down from 21% in 2014, still 2nd best since data collection started in 2003 – NAR
- Even with declining distressed residential real estate, investor home purchases rose 7.0% in 2015 vs 2014, to 1.09 million – NAR
- US vacation home sales plunged 18.5% in 2015 vs 2014, but we’re still at the second highest level in a decade – NAR
- Employment in February 2016 was up year-over-year in 323 of the 387 Metropolitan Statistical Areas ( MSAs)
- US home prices rose 6.8% in the 12 months ending February 2016 – forecast to increase 5.2% in the 12 months ending February 2017 – CoreLogic
- The Mining Sector, which includes oil & gas exploration & production, has lost 185,000 jobs since the September 2014 peak – BLS
- The 29,000 manufacturing jobs lost in March 2016 erased any gain in the prior 12 months, with the past year down 27,000 – BLS
- Retail trade is going strong as evidenced by 48,000 new jobs in the sector as of March 2016, up 378,000 in the past 12 months – BLS
- Average Hourly Earnings in March 2016 were up 2.0% from a year ago at $25.43, a 50 cent gain – BLS
- The Civilian Labor Force Participation Rate has increased from 62.7% a year ago to 63.0% as March 2016 – BLS
- The US created 10.2% more net new jobs in Q1 2016 when compared to Q1 2015 – Bureau of Labor Statistics (BLS)
- 41% of all residential refis in Q4 2015 were cash-out loans with $18.3 billion of equity extracted – Black Knight
- Missouri was the only state to post an increase in the number of homes with negative equity in 2015, rising from 9 to 12% – Black Knight
- States High Greatest Percent of Homes in Negative Equity Feb 2016 NV 14,1% MO 12.2% FL 11.9% RI 11.8% IL 11.5% NJ 11.2% Black Knight
- There were 2,907,000 residences 30 or more days past due or in foreclosure in February 2016, down 17.8% year-over-year – Black Knight
- The number of residences 30 or more days past due but not in foreclosure totaled 2,252,000 in February 2016, down 15.7 YOY – Black Knight
- The number of residences 90 or more days past due but not in foreclosure totaled 772,000 in February 2016, down 24.2% YOY – Black Knight
- Total US foreclosure pre-sale inventory rate was 1.30% of all homes with loans in February 2016, down 25.59% from a year ago – Black Knight
- The US loan delinquency rate in February 2016 was 4.45%, down 15.93% from a year ago and off 12.57% from a month earlier – Black Knight
- The median residential listing price for March 2016 is on track to hit an all-time record $238,000, up 8% year-over-year – Realtor.com
- Spring home selling season is off to a fast start with average March listings on the market 77 days, 13% less than a year ago – Realtor.com
- U.S. Residential rents rose by 0.4% in March 2016 and were up 2.7% in the prior 12 months – Apartment List
- The US economy added 215,000 net new jobs in March 2016, more than the 203,000 consensus from economists
- Houston multifamily saw a negative absorption of 731 units in Q4 2015 – Colliers International
- Expected total returns for institutional commercial real estate investors 2016 8.5% 2017 6.9% 2018 5.7% Pension Real Estate Association
- Institutional commercial real estate investors expect an 8.5% total return in 2016, 4.9% income & 3.6% appreciation – PREA
- The average priced home in London is now £530,409 ($US764,000) making affordability a major hurdle – PropertyWire Weekly
- The Trendiest and Yet Affordable Housing Markets per http://Realtor.com
- S&P/Case-Shiller repeat home sales price 20 city index up 5.7% for 12 months ending January 2016 – more than twice the rate of inflation
- Top Millennial Loan Application Markets
- Top Economic & Demographic Growth Metros for 2016
- Cities of 1 Million or More With the Largest Single Family Bank-Owned Foreclosure Discounts
- 7.7% of all new single family starts in 2015 (55,000 homes) were tear-downs that previously had a housing unit on site – NAHB
- Top Neighborhood Features Dragging Down Home Values Bad School Strip Club Renter Concentration Homeless Shelter http://Realtor.com
- NAR is forecasting a 2.4% increase in existing home sales in 2016 vs 2015 with median prices rising 4% to 5%. Sales rose 6.3% in 2015
- Pending existing homes sales (newly signed contracts) rose just 0.7% in February 2016 vs a year ago, but jumped 3.5% from Jan to Feb – NAR
- Zillow’s National HomeValue Index, at $184,600 as of February, was just 5.9% less than the record reached in mid- 2007 – Zillow
- Residential rents are up 2.6% from a year ago in the US, now a median $1,383 per month as of February 2016 – Zillow
- Housing made up 15.30% of total GDP in Q4 2015 with residential fixed investment (home building and remodeling) representing 3.32% – NAHB
- Q4 2015 GDP grew at an annualized 1.4%, double the preliminary 0.7% estimate, with an overall 2.4% growth for the year
- Industrial real estate market remains strong with 23 consecutive quarters of positive net absorption, available space at 15 year low – CBRE
- Top Population Gains in 2015 Houston Dallas-Ft Worth Atlanta Phoenix NYC – NY NJ PA Los Angeles US Census Bureau
- Inner cities and dense inner urban area populations increased 0.90% from 2013 to 2014 while newer suburbs grew 1.20% – Brookings Institute
- Housing equity of seniors now totals $5.83 trillion, up 16% from the pre-recession peak, increasing 8.1% in 2015 – http://ReverseMortgage.org
- Most Affordable Markets vs Historic Norm Boston Baltimore Birmingham, Alabama Providence, Rhode Island Chicago RealtyTrac
- Least Affordable Housing Markets vs Historic Norm Denver NYC Omaha Austin Dallas San Francisco St Louis RealtyTrac
- Housing Affordability: in Q1 2016 average wage earners would need to spend 30.2% of income for median home vs 26.4% a year ago – RealtyTrac
Get your own Twitter account and Tweet away — and of course re-tweeting the ones of mine you find interesting.
Want to see all of my tweets or follow? Click https://twitter.com/drtcj
If this 61-year old can Tweet, so can you.
Ted