Cary, NC (PRWEB) December 10, 2009

Local Market Monitor, the premier real estate forecasting solution, today released its fourth quarter Home Price Forecast, which predicts local market behavior for well over 300 US local markets over the next 12 months. The forecast identifies markets where home prices will continue to drop as well as stable markets with opportunities for growth.

According to the forecast, among the largest US markets — identified as those with populations greater than 600,000 — the markets* with the best expected performance in home price are:

Baton Rouge, LA
Columbia, SC
Fort Worth-Arlington, TX
Houston-Sugar Land-Baytown, TX
Little Rock-North Little Rock-Conway, AR
New Orleans-Metairie-Kenner, LA
Pittsburgh, PA
Rochester, NY
San Antonio, TX
Santa Ana-Anaheim-Irvine, CA
*List is abbreviated. To see the expanded list of top markets, click here.

These top markets include some, such as those in Texas, where good home prices increases are likely once the economy improves, and others, notably in New York, where poor economic prospects make future price gains less likely.

“Even our ‘top’ markets don’t yet show price increases; rather, they’re markets where prices will be steady,” said Ingo Winzer, president and founder of Local Market Monitor. “Significantly, we now see Santa Ana-Anaheim among those markets, with Los Angeles not very far behind, as demand for housing from population growth absorbs excess inventory in Southern California.”

The largest markets with the worst expected performance in home price are:

Bakersfield, CA
Bradenton-Sarasota-Venice, FL
Fort Lauderdale-Pompano Beach-Deerfield Beach, FL
Fresno, CA
Las Vegas-Paradise, NV
Miami-Miami Beach-Kendall, FL
Orlando-Kissimmee, FL
Phoenix-Mesa-Scottsdale, AZ
Portland-Vancouver-Beaverton, OR-WA
San Jose-Sunnyvale-Santa Clara, CA
Stockton, CA
West Palm Beach-Boca Raton-Boynton Beach, FL
“Although an actual turnaround in home prices won’t happen until after the economy achieves better growth, further large decreases will mainly be confined to markets in Arizona, California, Florida and Nevada,” said Winzer. “These markets represent where massive overbuilding took place.”

To see the top and bottom markets for the 215 smaller MSAs covered by Local Market Monitor, click here.

Local Market Monitor also recently released its latest National Economic Outlook, which comments on the overall predicted behavior of the US economy and national housing industry. According to the summary:

Delinquency rates on credit cards have now been flat for three quarters at 6.5 percent. With commercial real estate loans souring rapidly, banks will expand credit card lending as their best bet for profits.
The employment situation has stabilized at 132 million jobs, down 7 million since 2007. This is a turning point that will encourage renewed, albeit cautious, spending.
A recovery in the housing markets and a pick-up in home prices is still a long way off. Overall, national home prices in the third quarter of 2009 were down 5 percent from a year ago. Expect to see a further 5 percent decrease in home prices during the next 12 months, with double-digit decreases in some markets.
To read the full report, click here.

About Local Market Monitor

Local Market Monitor, the premier real estate forecasting solution, offers investors in homes and home mortgages the local market risk intelligence they need to make better decisions. Using a proprietary formula called the Equilibrium Home Price, Local Market Monitor determines if markets are currently over or under valued, equipping users with a long-term risk and investment perspective. Covering over 300 local markets, Local Market Monitor also presents key investors with a 12-month home price forecast. The solution includes sorting capabilities allowing subscribers to view and compare real estate markets along various metrics. Local Market Monitor is based in Cary, NC and has provided expertise in evaluating residential property values since 1990. To learn more, visit www.localmarketmonitor.com .

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More Real Estate Forecast Press Releases

Real estate in short supply.(real estate forecast): An article from: Northern Ontario Business

This digital document is an article from Northern Ontario Business, published by Laurentian Business Publishing, Inc. on May 1, 2003. The length of the article is 638 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

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A great show performed by “killer whales” (orca’s) at Sea World San Diego.
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Today I went to hear someone speak about their predictions for 2011’s real estate market.
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NAIOP New Jersey Accepting Deal of The Year Awards Submissions
The New Jersey Chapter of NAIOP, the Commercial Real Estate Development Association, is accepting submissions for the annual Deal of the Year Awards.
Read more on MyCentralJersey.com

Ted C. Jones, Ph.D., Chief Economist, Stewart Title explains 2011 Economic Outlook.
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For more information about the Austin Home and Garden show, visit this link: goarticles.com
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National economist says Wichita economy looks good
The national economy is improving, and that only bodes well for Wichita’s 2011, a national economist said Wednesday.
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Brewbaker sees little or no March revenue revision
The chairman of the Council on Revenues says if there is any further revision to the current revenue forecast in March, he thinks it will be small. Paul Brewbaker…
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Economist: Wichita looking good
The national economy is improving, and that only bodes well for Wichita’s 2011, a national economist said Wednesday.
Read more on The Wichita Eagle

dominicnicoli.blogspot.com – There has been a lot of skepticism in the media and market in general about real estate and whether the current recession has hit us so hard that we might take a whole lot longer to recover than we thought. But the truth is that even though there has been a general hesitance for a lot of folks, the actual long term trend has been an upward one. With an increase of sales for the current year, many real estate agents are reporting the same expectation for 2011. A few other trends are also expected in the coming year that will contribute to a continued, albeit gradual, upward trend. Dominic Nicoli, Realtor Intero Real Estate Services 496 First St., Suite 200 (map) Los Altos, CA 94022 Call Us! – (650) 947-4787

In this video, Chair Elizabeth Warren of the TARP Congressional Oversight Panel introduces the COP February report, “Commercial Real Estate Losses and the Risk to Financial Stability.” The full report is available online at cop.senate.gov
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Destin, FL (PRWEB) January 2, 2008

More than 250 local real estate market forecasts for 2008 are being announced by Housing Predictor, which issues its forecasts annually for housing markets in all 50 U.S. states.

In 2007 Housing Predictor accurately forecast more than 85% of the more than 250 local housing markets it forecast within 1 to 2 percent of their forecast appreciation or deflation. Miami, Florida was selected as the worst market in 2007 forecast to depreciate 12.7%. The market averaged deflation of 12.4%.

Leading real estate companies, home builders, Wall Street investment bankers, real estate investors, home owners and many of the country’s largest retailers depend on Housing Predictor for their forecasts. The Housing Predictor forecasts are considered to be some of the most dependable real estate forecasts on local market conditions in the nation.

All 50 states forecasts for 2008 are currently being added to the Housing Predictor web site along with profiles on local market conditions detailing what the future holds for market places in the new year. The annual forecasts are a major production, which take thousands of hours of work.

Throughout the year Housing Predictor also regularly updates forecasts as local market conditions warrant. Housing Predictor analysts are constantly on the hunt for new information on real estate markets they monitor to keep real estate owners, buyers and investors up to date on their market place.

Housing Predictor also forecast the national real estate recession in 2007, the foreclosure crisis, predicting that more than 3-million homes would be foreclosed through 2009 and the Fed’s series of interest rate cuts. The web site will also soon be posting its’ annual Top 25 Housing Markets and Worst 25 Housing Markets.

As real estate markets become more turbulent in 2008 and foreclosures rise with the tide of adjustable rate mortgages scheduled to reset Housing Predictor will also be issuing an extension to the foreclosure forecast, which will include 2010 and 2011.

To check your market’s forecast, search real estate listings and get the latest on real estate news visit http://www.housingpredictor.com.

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2009 Commercial Real Estate Forecast: looking more positive than the Lower 48.(REAL ESTATE): An article from: Alaska Business Monthly

This digital document is an article from Alaska Business Monthly, published by Alaska Business Publishing Company, Inc. on March 1, 2009. The length of the article is 2571 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available immediately after purchase. You can view it with any web browser.

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2001 Commercial Real Estate Forecast.(Statistical Data Included): An article from: Alaska Business Monthly

This digital document is an article from Alaska Business Monthly, published by Alaska Business Publishing Company, Inc. on March 1, 2001. The length of the article is 1483 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

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Cary, NC (PRWEB) June 23, 2009

Local Market Monitor, the premier real estate forecasting solution, today released its latest Home Price Forecast, covering well over 300 US local markets. The forecast, which predicts local market behavior over the next 12 months, identifies markets where home prices will continue to drop as well as stable markets with opportunities for growth.

According to the forecast, among the largest US markets — identified as those with populations greater than 600,000 — the 10 markets with the best expected performance in home price are:

Baton Rouge, LA
Buffalo-Niagara Falls, NY
Dallas-Plano-Irving, TX
Fort Worth-Arlington, TX
Houston-Sugar Land-Baytown, TX
Little Rock-North Little Rock-Conway, AR
McAllen-Edinburg-Mission, TX
Oklahoma City, OK
Rochester, NY
San Antonio, TX
Syracuse, NY
Tulsa, OK
Wichita, KS
These top markets, where home values are expected to remain level, are among those markets that did not have a big housing boom. Home prices in these areas are generally below the US average and reflect where the recession has so far had a relatively mild impact.

”These are markets that did not have a large boost in home prices over the last few years and therefore, even though the economy is doing poorly, no adjustment in prices has been necessary,” said Ingo Winzer, president of Local Market Monitor. “Steady economic growth and price appreciation have helped these markets remain stable.”

The 10 largest markets with the worst expected performance in home price are:

Bakersfield, CA
Fort Lauderdale-Pompano Beach-Deerfield Beach, FL
Fresno, CA
Las Vegas-Paradise, NV
Miami-Miami Beach-Kendall, FL
Orlando-Kissimmee, FL
Oxnard-Thousand Oaks-Ventura, CA
Phoenix-Mesa-Scottsdale, AZ
Riverside-San Bernardino-Ontario, CA
Stockton, CA
West Palm Beach-Boca Raton-Boynton Beach, FL
These markets, which are expected to have the largest declines in home values over the next year, are also among those that previously had the biggest price booms. This was attributed in large part to speculative buying, including the repercussions of inflated housing construction on the local job market and investor portfolios.

“We’re going to see prices fall below equilibrium in many of these markets,” said Winzer. “Prices are going to continue to decrease in some of these markets for several years before they really stabilize.”

To see the Top 10 and Bottom 10 markets for the 215 smaller MSAs covered by Local Market Monitor, click here.

About Local Market Monitor

Local Market Monitor, the premier real estate forecasting solution, offers investors in homes and home mortgages the local market risk intelligence they need to make better decisions. Using a proprietary formula called the Equilibrium Home Price, Local Market Monitor determines if markets are currently over or under valued, equipping users with a long-term risk and investment perspective. Covering over 300 local markets, Local Market Monitor also presents key investors with a 12-month home price forecast. The solution includes sorting capabilities allowing subscribers to view and compare real estate markets along various metrics. Local Market Monitor is based in Cary, NC and has provided expertise in evaluating residential property values since 1990. To learn more, visit www.localmarketmonitor.com.

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Optimistic outlook for Manhattan retail market.(commercial real estate forecast): An article from: Real Estate Weekly

This digital document is an article from Real Estate Weekly, published by Hagedorn Publication on June 22, 2005. The length of the article is 943 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

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(PRWEB) February 11, 2005

CommercialForum Real Estate Forecast

WHO: Panelists specializing in commercial real estate:

•Rich Aronson, a principal of Stage Development Company, LLC, Camelot Development LLC, and Camelot Realty of America, Inc.

•Andrew Brown, a principal of Kinzie Assets, LLC and Kinzie Realty Corp.

•Michael Chioros, CCIM, partner in Vranas & Chioros Realty Group, Inc.

•Scott Fithian, Executive Vice President of The Lord Companies

WHAT: CommercialForum Real Estate Forecast Luncheon and Panel Discussion

WHEN: February 23, 2005, 11:30 a.m. – 1:30 p.m.

WHERE: MaggianoÂ’s, 111 W. Grand Avenue, Chicago

CommercialForum, a division of the Chicago Association of REALTORS®, presents “Commercial Real Estate Forecast,” a luncheon and panel discussion on the current status of the commercial real estate market, trends, and the forecast for the future. The four expert panelists will discuss commercial real estate in Chicago and address questions from the audience.

The cost is $ 40 for members and $ 45 for non-members before February 21, or $ 50 for members and $ 55 for non-members thereafter and must be reserved with a credit card; cancellations are non-refundable. To register, contact Shadia Shukair at 312-214-5534 or sshukair@commercialforum.com.

If you are a member of the media and would like to cover the event, please contact Jennifer Maley at 312-215-5511 or jmaley@chicagorealtor.com.

CommercialForum is ChicagoÂ’s premier commercial information exchange (CIE). This professional organization provides educational opportunities, monthly programs and extensive local commercial real estate listings. Please visit us at www.CommercialForum.com.

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Housing Forecasts No Good In 2010

Many people, when they are considering investing in real estate, check out local and national housing forecasts for an idea of the real estate “weather”. However, this last decade has seen an unprecedented real estate cycle – a housing collapse that was widely unpredicted (widely in the sense that many, MANY people bought homes that they could not afford in hopes of cashing in on wildly exploding home prices) and a recovery that cannot be portended by a forecast based on the cycles of the past.

The market goes in cycles; that is not to be questioned. The problem is that the mid-2000s saw the spectacular ongoing explosion of the housing market like the American public has not seen before or since. Doesn’t that say something to you? Doesn’t it say, “Perhaps there are more aspects to this situation than were present with other recessions and dips in the market!”?

The financial analysts and real estate experts are out in *droves*, looking for the article or the book that they can sell to the American public because it has ALL the answers. However, you would think that all these learned people would be so expert as to point their radar in the same direction, which is manifestly not the case.

The market is going up!

You fool! The market is going down!

No, the market is stagnating!

The market is recovering!

No, no, no… the market hasn’t hit bottom yet!

It kind of points you to the fact that NONE of them know what the market is really going to do, when it’s going to recover and who is going to be the last one blamed.

The only thing we know is that right now, home values and mortgage rates are historically low and that buying today is eventually going to pay off. However, no one can say for certain when that is. The circle of real estate life doesn’t make regular email updates to these analysts’ Gmail accounts.

In conclusion, don’t base your real estate investing pattern after any of the real estate forecasters. Take a look at the market. Take a gander back a ways and explore historical highs and lows. Do some number crunching in your target market. You’re going to go a lot farther by doing some impartial real estate research for yourself and your home market than by relying on what Joe Real Estate Expert says.

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Cary, NC (PRWEB) August 11, 2009

Local Market Monitor , the premier real estate forecasting solution, announced today its newly formed partnership with Beazer Homes (NYSE: BZH), one of the nation’s top ten homebuilders. This new relationship will help Beazer identify the most profitable markets for new sales by giving them the local market risk intelligence they need to make better decisions.

“We’re very excited to be working with Beazer Homes,” said Carolyn Beggs, Chief Operating Officer of Local Market Monitor. “We look forward to providing invaluable forecasting data to their many divisions across the country.”

Beazer Homes, with operations in 16 states, will leverage Local Market Monitor’s proprietary forecasting model to help its divisions:

    Anticipate changes in the local housing markets and plan strategically
    Determine what home prices should be based on actual market demographics
    Understand how employment and income will impact future home values in a market
    Develop marketing programs based on how quickly home prices are changing and stay ahead of pricing pressures
    Prepare for a future housing recovery

“We rely extensively on market data and consumer research to guide our decision-making process,” said Amy Anderson, Market Research Director for Beazer Homes. “Local Market Monitor’s unique forecasting tool gives us access to in-depth market intelligence that will help with both short and long-term planning.”

Local Market Monitor offers investors in homes and home mortgages with a 12-month price forecast for more than 300 local markets, helping homebuilders identify the most attractive housing markets and determine what will happen to home prices over the life cycle of a development.

About Local Market Monitor

Local Market Monitor , the premier real estate forecasting solution, offers investors in homes and home mortgages the local market risk intelligence they need to make better decisions. Using a proprietary formula called the Equilibrium Home Price, Local Market Monitor determines if markets are currently over or under valued, equipping users with a long-term risk and investment perspective. Covering over 300 local markets, Local Market Monitor also presents key investors with a 12-month home price forecast. The solution includes sorting capabilities allowing subscribers to view and compare real estate markets along various metrics. Local Market Monitor is based in Cary, NC and has provided expertise in evaluating residential property values since 1990. To learn more, visit www.localmarketmonitor.com.

Media Contact:

Lauren Brown

M-pact Marketing

919.301.8538

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Carole Rodoni gives a vibrant and informative economic update to the Intero Saratoga office.
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Hawaii Commercial Real Estate Forecast

Retail sales: by watching the gross sales of retailers, you can predict if they’ll be able to pay rent, and how the property as a whole will perform.  In 4th quarter 2009, sales began to go up again, and that could be the saving factor for rental rates and occupancy rates in Hawaii.

Retailers expanding and contracting: The biggest surprise is that Luxury retailers, along with best sellers, discount retailers and apparel and department stores, showed an increase in sales.  Stores such as Neiman Marcus and Nordstrom had about a 4.5% increase in sales.

Shopping Center statistics: We’ve been seeing a drop in tenant sales that increases as you get further away from the core of Honolulu, and interestingly enough, Landlord revenues have gone up slightly.  We’ve also been seeing Landlord expenses go down as owners buckle down to get through the year.

Vacancy Rates: Compared to the West Coast, Hawaii is in good shape, but when we look at the neighbor islands, you see rates jump to as high as 11.53%. It is definitely a Tenant’s market, as we’ve seen rental rates drop from to -3 in a short period of time.

2010: Expect a slight increase in vacancy, we’re predicting 4.5%, as well as a 5% increase in sales.  Not quite up to 2008 sales yet, but we’re getting close.

Expanding Retailers:

Slides 11 and 12 list Tenants who have opened in 2009, spent money, made the investment, and took the risk. These are very few and far between.

Ideas for Landlords:

The key is to create momentum, and increase advertising. Hire merchandising consultants because most Tenants are not capable of producing great storefronts.  They could gain a lot from a professional consultant. Twitter campaigns are working for impulse daily specials, such as a restaurant tweeting a daily special.

Subscribe Videos on Hawaii Real Estate Forecast here : www.youtube.com/watch?v=N5TH0V6rDEM