http://www.bukisa.com/articles/464928_atlantic-international-partnership-funding-groupcash-buyers-and-qualified-investors-prop-home-sales
Existing Home Sales report on the number of completed real estate sales transactions on single-family homes, townhomes, condominiums and co-ops. The methodology in calculating existing-home sales statistics is really quite simple. Each month the National Association of Realtor® receives data on existing-home sales from local associations/boards and multiple listing services (MLS) nationwide. The monthly EHS economic indicator is based on a representative sample of 160 Boards/MLSs. NAR captures 30-40% of all existing-home sale transactions with its monthly survey.
AIFG has established a unique and innovative concept in the mortgage industry (PARTNERSHIP SERVICING) that is ideally suited to a challenging economy and real estate market. If you don’t know about our concept, then here’s an opportunity to learn more.
HERE is the methodology for the data collection
Excerpts from the January Release...
The uptrend in existing-home sales continues, with January sales rising for the third consecutive month with a pace that is now above year-ago levels, according to the National Association of REALTORS®.
Existing-home sales, which are completed transactions that include single-family, townhomes, condominiums and co-ops, increased 2.7 percent to a seasonally adjusted annual rate of 5.36 million in January from a downwardly revised 5.22 million in December, and are 5.3 percent above the 5.09 million level in January 2010. This is the first time in seven months that sales activity was higher than a year earlier.
Single-family home sales rose 2.4 percent to a seasonally adjusted annual rate of 4.69 million in January from 4.58 million in December, and are 4.9 percent higher than the 4.47 million level in January 2010. Existing condominium and co-op sales increased 4.7 percent to a seasonally adjusted annual rate of 670,000 in January from 640,000 in December, and are 7.9 percent above the 621,000-unit pace one year ago.
Lawrence Yun, NAR chief economist, said the improvement is good but could be better. “The uptrend in home sales is consistent with improvements in the economy and jobs, which are helping boost consumer confidence,” Yun said. “The extremely favorable housing affordability conditions are a big factor, but buyers have been constrained by unnecessarily tight credit. As a result, there are abnormally high levels of all-cash purchases, along with rising investor activity.”
Regionally, existing-home sales in the Northeast fell 4.6 percent to an annual pace of 830,000 in January from a spike in December and are 1.2 percent below January 2010. Existing-home sales in the Midwest rose 1.8 percent in January to a level of 1.14 million and are 3.6 percent above a year ago. In the South, existing-home sales increased 3.6 percent to an annual pace of 2.02 million in January and are 8.0 percent higher than January 2010. Existing-home sales in the West rose 7.9 percent to an annual level of 1.37 million in January and are 7.0 percent above January 2010.
The national median existing-home price for all housing types was $158,800 in January, down 3.7 percent from January 2010. The median existing single-family home price was $159,400 in January, down 2.7 percent from a year ago. The median existing condo price was $154,900 in January, which is 10.2 percent below January 2010.
The median price in the Northeast was $236,500, which is 4.0 percent below a year ago. The median price in the Midwest was $126,300, which is 3.2 percent below January 2010. The median price in the South was $136,600, down 2.1 percent from a year ago. The median price in the West was $193,200, down 5.7 percent from a year ago.
NAR President Ron Phipps, broker-president of Phipps Realty in Warwick, R.I., said the median price is being dampened by unusual market factors. “Unprecedented levels of all-cash purchases, primarily of distressed homes sold at deep discounts, undoubtedly pulls themedian price downward,” Phipps said. “Given the levels of inventory we see today, we believe that traditional homes in good condition have held their value.”
A parallel NAR practitioner survey shows first-time buyers purchased 29 percent of homes in January, down from 33 percent in December and 40 percent in January 2010 when an extended tax credit was in place. Investors accounted for 23 percent of purchases in January, up from 20 percent in December and 17 percent in January 2010; the balance of sales were to repeat buyers.
Distressed homes edged up to a 37 percent market share in January from 36 percent in December; it was 38 percent in January 2010.
All-cash sales rose to 32 percent in January from 29 percent in December and 26 percent in January 2010. All-cash purchases are at the highest level since NAR started measuring these purchases monthly in October 2008, when they accounted for 15 percent of the market. The average of all-cash deals was 20 percent in 2009, rising to 28 percent last year.
“Increases in all-cash transactions, the investor market share and distressed home sales all go hand-in-hand. With tight credit standards, it’s not surprising to see so much activity where cash is king and investors are taking advantage of conditions to purchase undervalued homes,” Yun said.
MND COMMENT: Even if it's cash buyers and investors, we gotta start somewhere! I live in D.C....this market is recovering well mostly thanks to BRAC and a stable job market. El Paso, Texas is another example of a city recovering faster than others because of military base realignments. There is value out there...just gotta find it.
Providing Service to the mortgage Industry since 2001, AIFG is comprised of a talented group of mortgage professionals with a unique blend of both wholesale and retail mortgage banking experience. Our platform is founded on the belief that three basic principles, divers products, competitive price and exceptional service leads to sustained, long term growth and success. Our first and foremost priority is to serve the needs of our community of partners and friends in the territories of which we operate.
AIFG, a Florida Based, Multi State Licensed Mortgage Banker, has been providing partnership services to the mortgage and real estate industry since 2001. At AIFG we are all about PARTNERSHIP not product which is truly a unique approach to the mortgage industry. Here’s why:
Our mortgage professionals take a wholly different approach to doing business. We are unconventional, but in a good way. AIFG is committed to your success, we will stand behind you. We will promote you within our unique personalized partnership service package approach to doing business.
Tuesday, June 14, 2011
Atlantic International Partnership
http://www.widepr.com/company_profile/3739/atlantic_international_partnership.html
Atlantic International Partnership (AIP) offers a comprehensive service giving you, AIP investors and entrepreneurs’ access to Marketplaces in your region and around the World. AIP investors are uniquely dynamic individuals or groups of individuals. AIP investors invest their capital in new or early stage companies. We have found that AIP investors are not a source of capital alone but we have found them to make excellent mentors. As most AIP investors are in fact successful entrepreneurs or business people themselves we have found that they are able to offer entrepreneurs advice and helpful suggestions based on the experience that they have accumulated from their own businesses.
Atlantic International Partnership (AIP) offers a comprehensive service giving you, AIP investors and entrepreneurs’ access to Marketplaces in your region and around the World. AIP investors are uniquely dynamic individuals or groups of individuals. AIP investors invest their capital in new or early stage companies. We have found that AIP investors are not a source of capital alone but we have found them to make excellent mentors. As most AIP investors are in fact successful entrepreneurs or business people themselves we have found that they are able to offer entrepreneurs advice and helpful suggestions based on the experience that they have accumulated from their own businesses.
Atlantic International Partnership
Eric Allen
Paseo de la Castellana
Torre Europa, Madrid
Spain, 95-15
Atlantic International Partnership Headlines: Robotics morphs into more-mainstream investment
http://altlantic-internationalpartnership.com/2011/05/atlantic-international-partnership-headlines-robotics-morphs-into-more-mainstream-investment/
BEDFORD, Mass. — Top scientists around the world are trying to improve upon robots, which can already detect bombs, perform surgery and even go into battle.
At iRobot Corp., they’re trying to make a better vacuum.
Of course, iRobot’s scientists do other things too. The company, best known for its Roomba floor vacuum, recently sent machines to Japan’s Fukushima Daiichi nuclear plant disaster to help detect radiation, to the war zone in Afghanistan to find bombs, and to the Gulf of Mexico to locate spilled oil in the water.
But home robots — dominated by vacuums — make up 55 percent of the company’s revenue and are part of the reason iRobot is on a tear. Shares are up 43 percent since the start of the year, and the company earned a profit of $26 million on sales of $401 million last year, up from $3 million on $299 million in revenue the year before.
BEDFORD, Mass. — Top scientists around the world are trying to improve upon robots, which can already detect bombs, perform surgery and even go into battle.
At iRobot Corp., they’re trying to make a better vacuum.
Of course, iRobot’s scientists do other things too. The company, best known for its Roomba floor vacuum, recently sent machines to Japan’s Fukushima Daiichi nuclear plant disaster to help detect radiation, to the war zone in Afghanistan to find bombs, and to the Gulf of Mexico to locate spilled oil in the water.
But home robots — dominated by vacuums — make up 55 percent of the company’s revenue and are part of the reason iRobot is on a tear. Shares are up 43 percent since the start of the year, and the company earned a profit of $26 million on sales of $401 million last year, up from $3 million on $299 million in revenue the year before.
Atlantic International Partnership Headlines:Groupon Founders Turn To Financial News With Benzinga Investment
http://altlanticinternationalpartnership.net/2011/06/atlantic-international-partnership-headlinesgroupon-founders-turn-to-financial-news-with-benzinga-investment/
Lightbank, the seed fund created by Eric Lefkofsky and Brad Keywell, is investing $1.5 million in Benzinga.com, a Michigan-based real-time financial news site with trading tips, as well as aggregated content from other sites such as TheStreet.com and WSJ.com, parent site of this blog.
“We like the proposition of an actionable trading information network, and we like the entrepreneurs behind Benzinga,” said Lightbank partner Paul Lee, who joined the fund earlier this year. “We think there has to be a certain brand connotation with these kinds of sites and we see that in Benzinga’s founder.”
Mr. Lee is referring to Jason Raznick, president and co-founder of Benzinga.com, a former associate at Fortress Investment Group and financial news writer who says he bootstrapped his way through the first five months of Benzinga.com.
The site, which launched in early 2010, offers mostly free financial news content as well as a variety of subcription products targeted at traders. Mr. Raznick says the site sees between two and three million page views a month and that the company is already cash flow positive, with the bulk of its revenue coming from advertising.
“I think our site is different from other sites because we’re not saying, go do this in the market, or go buy that stock. We’re offering analysis and saying, if you believe this, here are some ways to do it,” Mr. Raznick says. He says he plans to continue to grow the company, which currently has between 20 and 25 employees, and that future build-outs may include more video products on the Web site.
For Lightbank, the investment is a pivot from the seed fund’s focus on daily deals and social media management start-ups. In the past, the fund has invested in companies like Betterfly.com, a site for listing and finding professional services; Sprout Social (see coverage here), which lets clients access a single dashboard to retrieve data from their company’s Twitter, Facebook, and LinkedIn accounts; and most recently, Gtrot, which mines users’ social networks like Facebook and Foursquare to help them make plans while traveling.
The Lightbank fund, which Lefkofsky and Keywell formed in the spring of 2010 following the wild success of daily deals site Groupon, has committed to invest $100 million over 10 years. Partner Mr. Lee says the group has invested in 18 start-ups to date.
Lightbank, the seed fund created by Eric Lefkofsky and Brad Keywell, is investing $1.5 million in Benzinga.com, a Michigan-based real-time financial news site with trading tips, as well as aggregated content from other sites such as TheStreet.com and WSJ.com, parent site of this blog.
“We like the proposition of an actionable trading information network, and we like the entrepreneurs behind Benzinga,” said Lightbank partner Paul Lee, who joined the fund earlier this year. “We think there has to be a certain brand connotation with these kinds of sites and we see that in Benzinga’s founder.”
Mr. Lee is referring to Jason Raznick, president and co-founder of Benzinga.com, a former associate at Fortress Investment Group and financial news writer who says he bootstrapped his way through the first five months of Benzinga.com.
The site, which launched in early 2010, offers mostly free financial news content as well as a variety of subcription products targeted at traders. Mr. Raznick says the site sees between two and three million page views a month and that the company is already cash flow positive, with the bulk of its revenue coming from advertising.
“I think our site is different from other sites because we’re not saying, go do this in the market, or go buy that stock. We’re offering analysis and saying, if you believe this, here are some ways to do it,” Mr. Raznick says. He says he plans to continue to grow the company, which currently has between 20 and 25 employees, and that future build-outs may include more video products on the Web site.
For Lightbank, the investment is a pivot from the seed fund’s focus on daily deals and social media management start-ups. In the past, the fund has invested in companies like Betterfly.com, a site for listing and finding professional services; Sprout Social (see coverage here), which lets clients access a single dashboard to retrieve data from their company’s Twitter, Facebook, and LinkedIn accounts; and most recently, Gtrot, which mines users’ social networks like Facebook and Foursquare to help them make plans while traveling.
The Lightbank fund, which Lefkofsky and Keywell formed in the spring of 2010 following the wild success of daily deals site Groupon, has committed to invest $100 million over 10 years. Partner Mr. Lee says the group has invested in 18 start-ups to date.
Atlantic International Partnership Funding Group
http://prsync.com/atlantic-international-partnership-funding-group/
Atlantic International Partnership, a Florida Based, Multi State Licensed Mortgage Banker, has been providing partnership services to the mortgage and real estate industry since 2001. At AIFG we are all about partnership not product which is truly a unique approach to the mortgage industry.
AIFG has established a unique and innovative concept in the mortgage industry (Partnership Servicing) that is ideally suited to a challenging economy and real estate market. If you don’t know about our concept, then here’s an opportunity to learn more.
Atlantic International Partnership Funding Group press releases
- Shares of homebuilders slipped Tuesday after a closely watched housing index showed that home prices are falling in most major U.S. cities. By The Associated Press. From www.businessweek.com news articles. AIFG has established a unique and innovative concept in the mortgage industry (Partnership Servicing) that is ideally suited to a challenging economy and real estate market. If you don’t know about our concept, then here’s an opportunity to learn more. Analysts expect...
- New rules on loan-originator compensation may not be answer to borrowers’ woes AIFG has established a unique and innovative concept in the mortgage industry (Partnership Servicing) that is ideally suited to a challenging economy and real estate market. If you don’t know about our concept, then here’s an opportunity to learn more. By Harvey S. Jacobs New loan-originator compensation rules promulgated by the Federal Reserve Board make three sweeping...
- First-time Buyers will benefit as agency poised to offload homes By Charlie Weston Personal Finance Editor. The move by state property agency the National Asset Management Agency (NAMA) to sell off the residential properties on its books could be good news for first-time buyers, property experts said yesterday. Those who take up the deal could end up with more favourable mortgage terms. Details of how the process would work are still being put together. But it is likely that NAMA...
- While applying for mortgage refinancing, I asked the loan officer for credit score wisdom based on her experience. I knew most of the advice but I found some of her comments interesting so I’ll post the collection of advice, tips, and cautions.
- All mortgages or mortgage lenders are not created equal. There are so many factors to consider when looking for a mortgage like rate, closing costs, points, fees and what type of program best fits your need.
- Fence-Sitting Homebuyers Face FHA Fee Hike Deadline by Jann Swanson. Both applications for FHA-guaranteed mortgages and FHA endorsements were lower in January than in the previous month or in January 2010. Reduced loan demand was reflected across all subsets, purchases, refinances and mortgages for first-time buyers. Atlantic International Partnership Funding Group commits to offering a comprehensive menu of partnership service advantages and solutions in the simplest format possible; offer...
- The National Association of Realtors today released Existing Home Sales data for January 2011. Existing Home Sales report on the number of completed real estate sales transactions on single-family homes, townhomes, condominiums and co-ops. The methodology in calculating existing-home sales statistics is really quite simple. Each month the National Association of Realtor® receives data on existing-home sales from local associations/boards and multiple listing services (MLS) nationwide...
- AIFG has established a unique and innovative concept in the mortgage industry (PARTNERSHIP SERVICING) that is ideally suited to a challenging economy and real estate market. If you don’t know about our concept, then here’s an opportunity to learn more. Providing Service to the mortgage Industry since 2001, AIFG is comprised of a talented group of mortgage professionals with a unique blend of both wholesale and retail mortgage banking experience. Our platform is founded on the belief that three basic...
- AIFG commits to offering a comprehensive menu of partnership service advantages and solutions in the simplest format possible; offer the services at a competitive price and deliver the services at the highest level of excellence without exception. Providing Service to the mortgage Industry since 2001, AIFG is comprised of a talented group of mortgage professionals with a unique blend of both wholesale and retail mortgage banking experience. Our platform is founded on the belief that three basic...
- AIFG has established a unique and innovative concept in the mortgage industry (Partnership Servicing) that is ideally suited to a challenging economy and real estate market. If you don’t know about our concept, then here’s an opportunity to learn more.
Atlantic International Partnership Funding Group Builder Stocks Fall as Home Price Decline Persists
http://www.blogger.com/post-create.g?blogID=3362462059189846244
Shares of homebuilders slipped Tuesday after a closely watched housing index showed that home prices are falling in most major U.S. cities.
By The Associated Press. From www.businessweek.com news articles.
AIFG has established a unique and innovative concept in the mortgage industry (Partnership Servicing) that is ideally suited to a challenging economy and real estate market. If you don’t know about our concept, then here’s an opportunity to learn more.
Analysts expect further price declines heading into the summer season, which could further slow the recovery for an industry which is coming off the worst two years for home construction dating to 1959.
The Standard & Poor's/Case-Shiller index released Tuesday shows that home prices dropped in 19 cities from December to January, the sixth consecutive month that the index fell. A majority of the metro areas tracked by the index now have home prices at levels dating back to 2003, just as the housing boom began. In four cities -- Atlanta, Las Vegas, Detroit and Cleveland -- home values are at their lowest point in 11 years.
The report followed a Commerce Department announcement on Friday that new-home sales plunged in February for the third month in a row.
However, an analyst with KeyBanc Capital Markets found some positive news in the S&P/Case-Shiller report. With seasonal adjustments factored in, just 12 of the 20 cities in the index experienced month-over-month price declines, compared with 19 of 20 cities three months earlier, analyst Kenneth Zener said in a research note.
Zener said that statistic suggests that a partial recovery is under way. However, he expects home prices to continue declining on a month-to-month basis into June, "as sellers court tepid buyers amid a still-large supply of inventory."
The housing market has recently been slower to recover than other areas of the economy, in part due to the expiration of government programs to spur more homebuying. Zener said he doesn't expect further government moves to encourage buying through tax credits. However, he expects indirect government support to continue through lending agencies, loan modification programs, and government purchases of mortgage-backed securities.
Shares of Lennar Corp. saw the steepest decline among major homebuilder stocks, dropping 68 cents, or 3.4 percent, to close at $19.07. Lennar on Tuesday posted a surprise fiscal first-quarter profit, but also reported that it delivered fewer homes and saw a decline in new home orders.
A look at the performance of other major homebuilder stocks:
D.R. Horton Inc. lost 20 cents, or nearly 2 percent, to $11.95.
MDC Holdings Inc. fell 53 cents, or about 2 percent, to $25.84.
KB Home declined 25 cents, or 2 percent, to $12.94.
Ryland Group Inc. dropped 30 cents, or nearly 2 percent, to $16.41.
Standard Pacific Corp. fell 9 cents, or 2.4 percent, to $3.74.
Toll Brothers Inc. fell 4 cents to $20.44, while PulteGroup Inc. dipped a penny to $7.65.
Meritage Homes Corp. rose 8 cents to $24.27. Beazer Homes USA Inc. slipped 3 cents to $4.66 and Hovanian Enterprises Inc. lost 3 cents to $3.58.
Meanwhile, the broader Standard & Poor's 500 index finished up 0.7 percent on the day.
Shares of homebuilders slipped Tuesday after a closely watched housing index showed that home prices are falling in most major U.S. cities.
By The Associated Press. From www.businessweek.com news articles.
AIFG has established a unique and innovative concept in the mortgage industry (Partnership Servicing) that is ideally suited to a challenging economy and real estate market. If you don’t know about our concept, then here’s an opportunity to learn more.
Analysts expect further price declines heading into the summer season, which could further slow the recovery for an industry which is coming off the worst two years for home construction dating to 1959.
The Standard & Poor's/Case-Shiller index released Tuesday shows that home prices dropped in 19 cities from December to January, the sixth consecutive month that the index fell. A majority of the metro areas tracked by the index now have home prices at levels dating back to 2003, just as the housing boom began. In four cities -- Atlanta, Las Vegas, Detroit and Cleveland -- home values are at their lowest point in 11 years.
The report followed a Commerce Department announcement on Friday that new-home sales plunged in February for the third month in a row.
However, an analyst with KeyBanc Capital Markets found some positive news in the S&P/Case-Shiller report. With seasonal adjustments factored in, just 12 of the 20 cities in the index experienced month-over-month price declines, compared with 19 of 20 cities three months earlier, analyst Kenneth Zener said in a research note.
Zener said that statistic suggests that a partial recovery is under way. However, he expects home prices to continue declining on a month-to-month basis into June, "as sellers court tepid buyers amid a still-large supply of inventory."
The housing market has recently been slower to recover than other areas of the economy, in part due to the expiration of government programs to spur more homebuying. Zener said he doesn't expect further government moves to encourage buying through tax credits. However, he expects indirect government support to continue through lending agencies, loan modification programs, and government purchases of mortgage-backed securities.
Shares of Lennar Corp. saw the steepest decline among major homebuilder stocks, dropping 68 cents, or 3.4 percent, to close at $19.07. Lennar on Tuesday posted a surprise fiscal first-quarter profit, but also reported that it delivered fewer homes and saw a decline in new home orders.
A look at the performance of other major homebuilder stocks:
D.R. Horton Inc. lost 20 cents, or nearly 2 percent, to $11.95.
MDC Holdings Inc. fell 53 cents, or about 2 percent, to $25.84.
KB Home declined 25 cents, or 2 percent, to $12.94.
Ryland Group Inc. dropped 30 cents, or nearly 2 percent, to $16.41.
Standard Pacific Corp. fell 9 cents, or 2.4 percent, to $3.74.
Toll Brothers Inc. fell 4 cents to $20.44, while PulteGroup Inc. dipped a penny to $7.65.
Meritage Homes Corp. rose 8 cents to $24.27. Beazer Homes USA Inc. slipped 3 cents to $4.66 and Hovanian Enterprises Inc. lost 3 cents to $3.58.
Meanwhile, the broader Standard & Poor's 500 index finished up 0.7 percent on the day.
Wednesday, March 16, 2011
Atlantic International Partnership Funding Group
AIFG has established a unique and innovative concept in the mortgage industry (Partnership Servicing) that is ideally suited to a challenging economy and real estate market. If you don’t know about our concept, then here’s an opportunity to learn more.
Atlantic International Partnership Funding Group
AIFG has established a unique and innovative concept in the mortgage industry (Partnership Servicing) that is ideally suited to a challenging economy and real estate market. If you don’t know about our concept, then here’s an opportunity to learn more.
Website: aifgi.com/
Atlantic International Partnership, a Florida Based, Multi State Licensed Mortgage Banker, has been providing partnership services to the mortgage and real estate industry since 2001. At AIFG we are all about partnership not product which is truly a unique approach to the mortgage industry.
Press releases
Atlantic International Partnership Funding Group:
Atlantic International Partnership Approach to Ret
Atlantic International Partnership (AIP) offers a comprehensive service giving you, AIP investors and entrepreneurs access to Marketplaces in your region and around the World. AIP investors are uniquely dynamic individuals or groups of individuals. AIP investors invest their capital in new or early stage companies. We have found that AIP investors are not a source of capital alone but we have found them to make excellent mentors. As most AIP investors are in fact successful entrepreneurs or bus
Atlantic International Partnership (AIP Madrid) in Foreign Market Investing
Foreign markets are often referred to as emerging markets and a good investment with excellent profits.
Atlantic International Partnership (AIP Madrid) offers a comprehensive service giving you, AIP madrid investors and entrepreneurs access to Marketplaces in your region and around the World. Foreign stock markets have been offering larger returns than the U.S. stock market for most of this decade, partly because they start out at a lower base. Investors exposed to foreign market growth potential of the emerging countries, can hop on the high-return gravy train, so long as they avoid the ride off the cliff that has happened frequently with emerging market stocks.
Atlantic International Partnership Funding Group:Cash Buyers and Qualified Investors Prop Home Sales
The National Association of Realtors today released Existing Home Sales data for January 2011.
Existing Home Sales report on the number of completed real estate sales transactions on single-family homes, townhomes, condominiums and co-ops. The methodology in calculating existing-home sales statistics is really quite simple. Each month the National Association of Realtor® receives data on existing-home sales from local associations/boards and multiple listing services (MLS) nationwide. The monthly EHS economic indicator is based on a representative sample of 160 Boards/MLSs. NAR captures 30-40% of all existing-home sale transactions with its monthly survey.
AIFG has established a unique and innovative concept in the mortgage industry (PARTNERSHIP SERVICING) that is ideally suited to a challenging economy and real estate market. If you don’t know about our concept, then here’s an opportunity to learn more.
HERE is the methodology for the data collection
Excerpts from the January Release...
The uptrend in existing-home sales continues, with January sales rising for the third consecutive month with a pace that is now above year-ago levels, according to the National Association of REALTORS®.
Existing-home sales, which are completed transactions that include single-family, townhomes, condominiums and co-ops, increased 2.7 percent to a seasonally adjusted annual rate of 5.36 million in January from a downwardly revised 5.22 million in December, and are 5.3 percent above the 5.09 million level in January 2010. This is the first time in seven months that sales activity was higher than a year earlier.
Single-family home sales rose 2.4 percent to a seasonally adjusted annual rate of 4.69 million in January from 4.58 million in December, and are 4.9 percent higher than the 4.47 million level in January 2010. Existing condominium and co-op sales increased 4.7 percent to a seasonally adjusted annual rate of 670,000 in January from 640,000 in December, and are 7.9 percent above the 621,000-unit pace one year ago.
Lawrence Yun, NAR chief economist, said the improvement is good but could be better. “The uptrend in home sales is consistent with improvements in the economy and jobs, which are helping boost consumer confidence,” Yun said. “The extremely favorable housing affordability conditions are a big factor, but buyers have been constrained by unnecessarily tight credit. As a result, there are abnormally high levels of all-cash purchases, along with rising investor activity.”
Regionally, existing-home sales in the Northeast fell 4.6 percent to an annual pace of 830,000 in January from a spike in December and are 1.2 percent below January 2010. Existing-home sales in the Midwest rose 1.8 percent in January to a level of 1.14 million and are 3.6 percent above a year ago. In the South, existing-home sales increased 3.6 percent to an annual pace of 2.02 million in January and are 8.0 percent higher than January 2010. Existing-home sales in the West rose 7.9 percent to an annual level of 1.37 million in January and are 7.0 percent above January 2010.
The national median existing-home price for all housing types was $158,800 in January, down 3.7 percent from January 2010. The median existing single-family home price was $159,400 in January, down 2.7 percent from a year ago. The median existing condo price was $154,900 in January, which is 10.2 percent below January 2010.
The median price in the Northeast was $236,500, which is 4.0 percent below a year ago. The median price in the Midwest was $126,300, which is 3.2 percent below January 2010. The median price in the South was $136,600, down 2.1 percent from a year ago. The median price in the West was $193,200, down 5.7 percent from a year ago.
NAR President Ron Phipps, broker-president of Phipps Realty in Warwick, R.I., said the median price is being dampened by unusual market factors. “Unprecedented levels of all-cash purchases, primarily of distressed homes sold at deep discounts, undoubtedly pulls the median price downward,” Phipps said. “Given the levels of inventory we see today, we believe that traditional homes in good condition have held their value.”
A parallel NAR practitioner survey shows first-time buyers purchased 29 percent of homes in January, down from 33 percent in December and 40 percent in January 2010 when an extended tax credit was in place. Investors accounted for 23 percent of purchases in January, up from 20 percent in December and 17 percent in January 2010; the balance of sales were to repeat buyers.
Distressed homes edged up to a 37 percent market share in January from 36 percent in December; it was 38 percent in January 2010.
All-cash sales rose to 32 percent in January from 29 percent in December and 26 percent in January 2010. All-cash purchases are at the highest level since NAR started measuring these purchases monthly in October 2008, when they accounted for 15 percent of the market. The average of all-cash deals was 20 percent in 2009, rising to 28 percent last year.
“Increases in all-cash transactions, the investor market share and distressed home sales all go hand-in-hand. With tight credit standards, it’s not surprising to see so much activity where cash is king and investors are taking advantage of conditions to purchase undervalued homes,” Yun said.
MND COMMENT: Even if it's cash buyers and investors, we gotta start somewhere! I live in D.C....this market is recovering well mostly thanks to BRAC and a stable job market. El Paso, Texas is another example of a city recovering faster than others because of military base realignments. There is value out there...just gotta find it.
Providing Service to the mortgage Industry since 2001, AIFG is comprised of a talented group of mortgage professionals with a unique blend of both wholesale and retail mortgage banking experience. Our platform is founded on the belief that three basic principles, divers products, competitive price and exceptional service leads to sustained, long term growth and success. Our first and foremost priority is to serve the needs of our community of partners and friends in the territories of which we operate.
AIFG, a Florida Based, Multi State Licensed Mortgage Banker, has been providing partnership services to the mortgage and real estate industry since 2001. At AIFG we are all about PARTNERSHIP not product which is truly a unique approach to the mortgage industry. Here’s why:
Our mortgage professionals take a wholly different approach to doing business. We are unconventional, but in a good way. AIFG is committed to your success, we will stand behind you. We will promote you within our unique personalized partnership service package approach to doing business.
About Atlantic International Partnership Funding Group
AIFG has established a unique and innovative concept in the mortgage industry (Partnership Servicing) that is ideally suited to a challenging economy and real estate market. If you don’t know about our concept, then here’s an opportunity to learn more.
Atlantic International Partnership Funding Group:
Atlantic International Partnership – Financial Planning
http://www.articlealley.com/article_2022384_15.htmlLet Atlantic International Partnership provide you with the financial planning needed to reach your goals. At AIP we know just how important a good financial plan is. We understand the need for a plan which helps you to utilize all of your resources in the most effective way
Atlantic International Partnership - What We Do
http://www.24-7pressrelease.com/press-release/atlantic-international-partnership-what-we-do-191511.phpMADRID, SPAIN, January 16, 2011 /24-7PressRelease/ -- Atlantic International Partnership (AIP) offers a comprehensive service giving you, AIP investors and entrepreneurs access to Marketplaces in your region and around the World.
AIP investors are uniquely dynamic individuals or groups of individuals. AIP investors invest their capital in new or early stage companies. We have found that AIP investors are not a source of capital alone but we have found them to make excellent mentors. As most AIP investors are in fact successful entrepreneurs or business people themselves we have found that they are able to offer entrepreneurs advice and helpful suggestions based on the experience that they have accumulated from their own businesses.
Atlantic International Partnership
http://apps.facebook.com/widepr_com/company/3739/Atlantic_International_Partnership.html
Atlantic International Partnership (AIP) offers a comprehensive service giving you, AIP investors and entrepreneurs’ access to Marketplaces in your region and around the World. AIP investors are uniquely dynamic individuals or groups of individuals. AIP investors invest their capital in new or early stage companies. We have found that AIP investors are not a source of capital alone but we have found them to make excellent mentors. As most AIP investors are in fact successful entrepreneurs or business people themselves we have found that they are able to offer entrepreneurs advice and helpful suggestions based on the experience that they have accumulated from their own businesses.
Atlantic International Partnership Funding Group: Providing Simplified Homeownership Solutions
http://www.usnewssource.com/press-releases/atlantic-international-partnership-funding-group-providing-simplified-homeownership-solutions_241326.html AIFG has established a unique and innovative concept in the mortgage industry (Partnership Servicing) that is ideally suited to a challenging economy and real estate market. If you don’t know about our concept, then here’s an opportunity to learn more.
Atlantic International Partnership, a Florida Based, Multi State Licensed Mortgage Banker, has been providing partnership services to the mortgage and real estate industry since 2001. At AIFG we are all about partnership not product which is truly a unique approach to the mortgage industry. Here’s why.
Atlantic International Partnership, a Florida Based, Multi State Licensed Mortgage Banker, has been providing partnership services to the mortgage and real estate industry since 2001. At AIFG we are all about partnership not product which is truly a unique approach to the mortgage industry. Here’s why.
India's Market Oulined by Atlantic International Partnership
http://www.articlesbase.com/investing-articles/indias-market-oulined-by-atlantic-international-partnership-4187299.htmlThe central government budget which set the tone for reducing fiscal deficit and an unexpected increase in the policy rate to rein in inflation has convinced the markets and economists that India is on its way to having a robust economic growth. Industrial output also continued to grow at a fast pace in January as companies produced more cars and cement. In the fiscal year 2011 that ends in March 2011, GDP growth of 8.5% is achievable. Long-term predictions for the southwest monsoons are expected to be normal, giving a boost to agricultural production and domestic demand.
Atlantic International Partnership (AIP) offers a comprehensive service giving you, AIP investors and entrepreneurs access to Marketplaces in your region and around the World.
Atlantic International Partnership (AIP) offers a comprehensive service giving you, AIP investors and entrepreneurs access to Marketplaces in your region and around the World.
atlantic international partnership madrid spain
http://www.pubarticles.com/trends-atlantic-international-partnership-madrid-1.htmlAIP investors are uniquely dynamic individuals or groups of individuals. AIP investors invest their capital in new or early stage companies. We have found that AIP investors are not a source of capital alone but we have found them to make excellent mentors. As most AIP investors are in fact successful entrepreneurs or business people themselves we have found that they are able to offer entrepreneurs advice and helpful suggestions based on the experience that they have accumulated from their own businesses.
At AIP we have over 250,000 active investors around the World.
This website is designed to help prospective AIP investors connect with our portfolio start-up companies or entrepreneurs to help create a successful business who's positive effect will be of benefit to all parties involved.
At AIP we have over 250,000 active investors around the World.
This website is designed to help prospective AIP investors connect with our portfolio start-up companies or entrepreneurs to help create a successful business who's positive effect will be of benefit to all parties involved.
Friday, February 25, 2011
Atlantic International Partnership Approach to Ret
Atlantic International Partnership (AIP) offers a comprehensive service giving you, AIP investors and entrepreneurs access to Marketplaces in your region and around the World. AIP investors are uniquely dynamic individuals or groups of individuals. AIP investors invest their capital in new or early stage companies. We have found that AIP investors are not a source of capital alone but we have found them to make excellent mentors. As most AIP investors are in fact successful entrepreneurs or bus
Fence-Sitting Homebuyers Face FHA Fee Hike Deadline by Atlantic Int’l Partnership Funding Group
Fence-Sitting Homebuyers Face FHA Fee Hike Deadline by Jann Swanson. Both applications for FHA-guaranteed mortgages and FHA endorsements were lower in January than in the previous month or in January 2010. Reduced loan demand was reflected across all subsets, purchases, refinances and mortgages for first-time buyers.
Atlantic International Partnership, a Florida Based, Multi State Licensed Mortgage Banker, has been providing partnership services to the mortgage and real estate industry since 2001. At AIFG we are all about partnership not product which is truly a unique approach to the mortgage industry.
Atlantic International Partnership Funding Group commits to offering a comprehensive menu of partnership service advantages and solutions in the simplest format possible; offer the services at a competitive price and deliver the services at the highest level of excellence without exception.
Applications for FHA mortgages totaled 103,991 in January compared to 112,500 in December and 126,043 a year earlier. The year-over-year figure reflects a drop of 17.5 percent. There were 55,417 applications for mortgages to purchase homes and 41,178 to refinance. This was a 3.4 percent decrease in purchase applications since December and a 21.6 percent change from January 2010. Applications to refinance were down 12.1 percent quarter-to-quarter and 16.9 percent over the longer period.
FHA endorsed 119,521 mortgages in January compared to 133,603 in December and 158,612 in January 2010. January numbers are lower by 10.5 percent and 24.6 percent respectively. Purchase mortgages totaled 63,887 compared to 66,165 (-3.4 percent) and 90,030 (-29 percent) in the earlier periods. 47,429 (74.2 percent) of the purchase mortgages went to first time buyers compared to 48,539 (73.4 percent) and 90,030 (56.8 percent) in December and in January 2010.
Home Equity Conversion (HECM) or so-called Reverse Mortgages for senior citizens represented 5.4 percent of FHA endorsements compared to 4.9 percent in December and 4.8 percent a year earlier.
Year-to-date figures also show a substantial decrease in activity between FY 2010 and FY 2011. Total applications are 26.7 percent lower with purchase mortgages down 34.3 percent and refinancing off 22.1 percent. Total endorsements are 24.1 percent off of the 2010 pace with most of the fall-off accounted for by the purchase sector which was down 34 percent. Refinancing endorsements dropped 8.1 percent and HECM endorsements are at -23.3 percent the 2010 level.
Mortgage Insurance -in-Force in January totaled 5,882,984, an increase of 1 percent month-over-month and 16.3 percent over the January 2010 total of 5,917,805. The total unpaid principal balance amount is $947.8 billion. The portfolio has a current delinquency rate of 8.9 percent with 612,443 loans over 90 days delinquent. In December the rate was 8.8 percent and one year earlier it was 9.2 percent.
The weighted average FICO score for FHA mortgages was 703, one point higher than the previous month and nine points above the score a year earlier.
FHA took an average of 5,735 applications per day in January. The average processing time from application to closing was 8.1 weeks, up from 7.6 in December but about the same as a year earlier and 4.0 weeks from closing to endorsement, 1.3 week less than a year ago.
These figures are from the Single-Family Operations Report for January issued this week by the Department of Housing and Urban Development. FHA mortgages have risen dramatically in popularity since the beginning of the housing crisis but the agency has also raised upfront and annual premiums in the past year. Declining loan demand in January is no surprise given the uptick in mortgage rates we witnessed. Rates are now off those highs but loan production has yet to pickup. We are curious to see how the FHA's decision to raise the annual mortgage insurance premium will impact loan demand before the new fee structure goes into effect on April 18th.
Providing Service to the mortgage Industry since 2001, AIFG is comprised of a talented group of mortgage professionals with a unique blend of both wholesale and retail mortgage banking experience. Our platform is founded on the belief that three basic principles, divers products, competitive price and exceptional service leads to sustained, long term growth and success. Our first and foremost priority is to serve the needs of our community of partners and friends in the territories of which we operate.
About Atlantic International Partnership Funding Group
AIFG has established a unique and innovative concept in the mortgage industry (Partnership Servicing) that is ideally suited to a challenging economy and real estate market. If you don’t know about our concept, then here’s an opportunity to learn more.
atlantic international partnership
Fence-Sitting Homebuyers Face FHA Fee Hike Deadline by Atlantic Int’l Partnership Funding Group
http://www.your-story.org/tag/atlantic-international-partnership/Fence-Sitting Homebuyers Face FHA Fee Hike Deadline by Jann Swanson. Both applications for FHA-guaranteed mortgages and FHA endorsements were lower in January than in the previous month or in January 2010. Reduced loan demand was reflected across all subsets, purchases, refinances and mortgages for first-time buyers. Atlantic International Partnership Funding Group commits to offering
Atlantic International Partnership Madrid I Online, Atlantic …
http://love.today-blog.com/?p=3055
atlantic international partnership madrid … more Latest atlantic international partnership madrid Articles – useful tips and guides for atlantic international partnership …
atlantic international partnership madrid … more Latest atlantic international partnership madrid Articles – useful tips and guides for atlantic international partnership …
India’s Market Oulined by Atlantic International Partnership
http://www.auditintern.net/indias-market-oulined-by-atlantic-international-partnership/The central government budget which set the tone for reducing fiscal deficit and an unexpected increase in the policy rate to rein in inflation has convinced the markets and economists that India is on its way to having a robust economic growth. Industrial output also continued to grow at a fast pace in January as companies produced more cars and cement. In the fiscal year 2011 that ends in March 2011, GDP growth of 8.5% is achievable. Long-term predictions for the southwest monsoons are expected to be normal, giving a boost to agricultural production and domestic demand.
Atlantic International Partnership Funding Group:Cash Buyers and Qualified Investors Prop Home Sales
http://www.hotklix.com/content/News/Business/Atlantic-International-Partnership-Spain-Online-Atlantic-International-Partnership-Spain-Review
Existing Home Sales report on the number of completed real estate sales transactions on single-family homes, townhomes, condominiums and co-ops. The methodology in calculating existing-home sales statistics is really quite simple. Each month the National Association of Realtor® receives data on existing-home sales from local associations/boards and multiple listing services (MLS) nationwide. The monthly EHS economic indicator is based on a representative sample of 160 Boards/MLSs. NAR captures 30-40% of all existing-home sale transactions with its monthly
Existing Home Sales report on the number of completed real estate sales transactions on single-family homes, townhomes, condominiums and co-ops. The methodology in calculating existing-home sales statistics is really quite simple. Each month the National Association of Realtor® receives data on existing-home sales from local associations/boards and multiple listing services (MLS) nationwide. The monthly EHS economic indicator is based on a representative sample of 160 Boards/MLSs. NAR captures 30-40% of all existing-home sale transactions with its monthly
Atlantic International Partnership Funding Group: Cash Buyers And Qualified Investors Prop Home Sale
http://www.articlesnatch.com/Article/Atlantic-International-Partnership-Funding-Group--Cash-Buyers-And-Qualified-Investors-Prop-Home-Sale/2144261
The National Association of Realtors today released Existing Home Sales data for January 2011.
The National Association of Realtors today released Existing Home Sales data for January 2011.
Atlantic International Partnership Funding Group:Cash Buyers and Qualified Investors Prop Home Sales
http://www.widepr.com/press_release/8781/atlantic_international_partnership_funding_group_cash_buyers_and_qualified_investors_prop_home_sales.htmlThe National Association of Realtors today released Existing Home Sales data for January 2011.
Existing Home Sales report on the number of completed real estate sales transactions on single-family homes, townhomes, condominiums and co-ops. The methodology in calculating existing-home sales statistics is really quite simple. Each month the National Association of Realtor® receives data on existing-home sales from local associations/boards and multiple listing services (MLS) nationwide. The monthly EHS economic indicator is based on a representative sample of 160 Boards/MLSs. NAR captures 30-40% of all existing-home sale transactions with its monthly survey.
Existing Home Sales report on the number of completed real estate sales transactions on single-family homes, townhomes, condominiums and co-ops. The methodology in calculating existing-home sales statistics is really quite simple. Each month the National Association of Realtor® receives data on existing-home sales from local associations/boards and multiple listing services (MLS) nationwide. The monthly EHS economic indicator is based on a representative sample of 160 Boards/MLSs. NAR captures 30-40% of all existing-home sale transactions with its monthly survey.
Atlantic International Partnership – What We Do
AIP investors are uniquely dynamic individuals or groups of individuals. AIP investors invest their capital in new or early stage companies
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