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?
It 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.
Since so few of you Tweet or follow me (now just 773 followers today up from 663 three weeks ago), periodically one of the Jones on Real Estate blog postings will cover 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. In the future I will try to adhere to blogging these Tweets weekly rather than monthly.
DrTCJ Tweets January 23 2015 – February 5 2015
21,000 of the 53,000 announced job cuts in January 2015 were directly attributable to oil price declines – Challenger, Gray and Christmas
New commercial lending in Europe jumped 55% to €65 billion in 2014 with transaction volume up 32% – Cushman & Wakefield
Florida cities are seeing online search of residential markets at a pace from 10% to 22% greater than the local annual average – Trulia
The US has the 2nd highest effective corporate tax rate in the world at 35.3% – behind only France – The Tax Foundation
One third (35%) reported the main reason they retired was to ‘Do the things they really loved’. – Ameriprise Financial
63 countries have cut their statutory corporate tax rate town average 24.4% since 2005 while the US remained at static +39% – Tax Foundation
1 out of every 9 retirees (11%) have gone back to some kind of paid employment – Ameriprise Financial
Two thirds of retirees (63%) reported feeling stressed leading up to retirement, with 1 in 4 reeking the same after retiring – Ameriprise
3 in 10 retirees (27%) responded in a survey they are spending less than anticipated in retirement – Ameriprise Financial
1 in 4 retirees (24%) reported they under estimated their income needs In retirement – Ameriprise Financial
1in 5 retirees (22%) reported spending more money in retirement than they had planned – Ameriprise Financial
17% of retirees felt financially ready to retire while 16% each either felt forced to retire or no longer wanted to work – Ameriprise Fin
Houston retail vacancy rate hits a record low 6.1% down from 6.6% a year ago with 3.2 million sq ft net absorption – Colliers International
A survey of 1,500 Millennials (born since 1977) found 66% want to live in the suburbs, 24% in rural areas and just 10% in city center – NAHB
Cash-out residential refinancings have doubled to 28% of all refi transactions from a year ago as home equity climbs – Freddie Mac
Reverse mortgage qualifying rules change dramatically March 2, 2015 when income and credit requirements enter the equation – Jack Guttentag
The most affordable car insurance in the US for a baseline comparison is Green Springs, Ohio at $647 per year – USA Today
Detroit has the most expensive car insurance in the country at $5,109 average for a baseline comparison – USA Today
San Francisco is the most expensive city in the US and requires an annual income of $124,561 to live comfortably – Cheat Sheet & USA Today
31% of homes sold in December 2014 were on the market less than one month – the typical home was on the market 66 days – NAR
The median discount for short sales in December 2014 was 12% vs non-distressed existing home transactions – NAR
The typical existing home foreclosure sale in December 2014 sold at a 15% discount when compared to non-distressed property
Just 11% of all existing home sales in December 2014 were distressed transactions compared to 14% a year ago – NAR
While 1st time homebuyers a decade ago made up 40% of all home sales, in December 2014 they were just 29% – NAR
Investors purchased 17% of December 2014 home sales, down from 21% a year ago. 63% of these were all-cash transactions – NAR
Median price of existing home sales was up 5.97% in December 2014 from a year ago at $208,500, 34 consecutive months of YOY increase – NAR
December 2014 existing home sales were up 3.5% vs a year ago and up 2.4% sequentially from November 2014 – National Association of Realtors
81% of distressed Denver homeowners (behind in their payments) have positive equity in their home, the best of any market – RealtyTrac
1 out of 5 homeowners with a mortgage loan are now considered equity rich with at least 50% equity in their home – RealtyTrac
Current inventory of homes available for sale at the end of 2014 was 4.4 months with 6 months
Midland and Odessa Texas ranked 1st and second in 10-year average job growth at 6.14% and 4.48%, respectively in November 2014 – BLS
The Houston-Baytown-Sugar Land MSA had the 3rd strongest 12-month job growth rate at 4.5% ending November 2014 – BLS
The Elkhart-Goshen, Indiana MSA had the second best 12 month job growth rate at 4.55% ending November 2014 – BLS
For the 12 months ending November 2014, the Midland, Texas MSA had the greatest job growth rate at 6.18% – Bureau of Labor Statistics (BLS)
8 of the top 10 days with the greatest number of home closings in 2014 were the last business day of the month – NAR
June 30th, 2014, the last business day of the month, had more existing home sale closings than any day in 2014 – NAR
Residential remodeling is expected to increase 3% in 2015 vs 2014 – NAHB
Single family housings starts estimated to reach 804,000 units in 2015, up 26% from 2014 but far less than the 1.3 – 1.4 million norm – NAHB
Multifamily starts in 2015 projected to increase just 2% to 358,000 dwelling units vs 2014 – National Association of Homebuilders (NAHB)
2015 total housing starts forecast to be 993,000 dwelling units – up 6.7% from the 930,000 total in 2014 – NAHB
Top apartment properties in the top markets 2014 sales prices reflected a 3.5% or lower cap rate – Real Capital Analytics (RCA)
Mid- and High- rise apartment prices are now 48% above the prior peak after rising 18% in 2014 vs 2013 – Real Capital Analytics (RCA)
US apartment sales set an all-time record in 2014 at $112 billion, 7% up over previous 2007 record – Real Capital Analytics (RCA)
If you have the time to wait, these will be aggregated periodically here on the blog. If however, you wish to receive these real-time as they happen, then follow my account at DrTCJ.
Better yet, get your own Twitter account and Tweet away — and of course re-tweeting the ones of mine you found interesting.
Want to see all of my tweets or follow? Click https://twitter.com/drtcj
If a 60-year old can Tweet, so can you.
Ted