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.
Twitter followers on DrTCJ now total 1,949 – 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 February 19, 2016 Through March 3, 2016
- Two years is the median average that a Millennial stays in the same job vs seven years for Baby Boomers – Payscale
- 179,778 homes were flipped in the US in 2015 representing 5.5% (1 out of 20) of all housing sales versus 5.3% in 2014 – RealtyTrac
- Auto and light truck sales hit a 16-year February high in 2016 at a 17.5 million seasonally adjusted annualized rate, up 6.9% Y-O-Y
- Just 6% of the US-based SP500 companies (462 firms) accounted for more than 1/2 of the total profits of the group in 2015 – USA Today
- State and Local Tax Burdens as a Percentage of Income and Per Capita Tax Foundation
- California has the latest tax freedom day (how long people must work to pay all local, state & federal taxes) on May 13 – Tax Foundation
- 75% of Respondents to an American Bankers Association survey reported it takes an average 8 days extra to close loans under TRID – RISMedia
- 25% of banks responding to an American Bankers Association survey report eliminating certain loan products due to lack of clarity on TRID
- Smart Phone Ownership of the Full-Time Employed 95% Millennials 90% Gen X 77% Baby Boomers GfK MRI Survey – ADWEEK
- While 48% of adults live in Cellphone Only Households, 69.6% of Millennials aged 18-34 last are Cellphone Only – GfK MRI Survey via ADWEEK
- North Dakota oil production dropped from a December 2014 peak of 1.23 million barrels per day to 1.17 million barrels as of Nov 2015
- 61% of the Fortune 500 CEOs have zero social media presence at all, and no one CEO is active on all 6 major social media platforms – ADWEEK
- US home prices rose 6.9% in the 12 months ending January 2016 and are forecast to rise 5.5% in the 12 months ending January 2017 – CoreLogic
- Of the 22 million new households formed from 2010 to 2020, 9 million will be homeowners with more than half likely Hispanic – Total Mortgage
- Forecast is for more than 75% of total household growth from 2010 to 2020 will be from minorities & 88% from 2020 to 2030 – Total Mortgage
- Dividend Capital’s Top 50 Market Commercial Real Estate Summary by Dr Glenn Mueller
- Less than 1/2 of all consumers (49%) save at least 5% of their income with 43% having automatic savings outside of work – RISMedia
- Inflation-adjusted median household income, now at $57,153, exceeds that at the start of December 2007 recession, up 1% – Sentier Research
- January 2016 pending existing home sales index (newly signed contracts) was up 1.4% from last January, but down 2.5% from December – NAR
- Despite growing online sales, 83% of retailers surveyed by CBRE will not change their 2016 expansion plans – MBA
- Average starter home price in Q4 2015 was $189,300, with a monthly payment of $845 at 10% down & a qualifying $40,563 annual income – NAR
- Annual pace of U.S. GDP growth in Q4 2015 was revised up to 1.0% from a preliminary 0.7% due to increased inventories – Commerce Department
- The top two primary reasons to buy a home are Life Events (29%) & High Rents (24%) in Redfin’s Q1 2016 Survey of 750 prospective homebuyers
- Want to know where oil and gas prices are heading? FitchRatings is using $35 oil and $2.25 mcf Henry Hub natural gas in rating companies
- NYC commercial real estate sales set an all-time record in 2015 at $74.5 billion, versus 2007 record of $62 billion – Cushman & Wakefield
- 30-year fixed rate loans fell to 3.62% last week, the lowest seen since the first week of February 2015, 15 year at 2.93% – @FreddieMac
- Median single family home prices in Florida jumped 11.6 percent in 2015 to $206,500 and condos up 5.0% to $156,500 — Florida Realtors
- Crude oil inventories in the US are at the highest level in 80 years with Midwest refiners running in the 90% plus percent capacity range
- Reuters monthly poll of 24 analysts foresees a 5% rise in US home prices in 2016, 4% in 2017 and 3.5% in 2018
- Durable goods orders (longing lasting such as aircraft, cars, machinery) rose 4.9% in January 2016 following a 4.6% decline in December 2015
- Commercial real estate prices are now 18% greater than the 2007 peak. Morgan Stanley forecasts flat commercial real estate prices in 2016
- While January 2016 existing home sales were up 11.0% versus a year ago, new home sales declined 5.2% year-over-year – NAR & Census Bureau
- The top 1% of Americans with an annual income of $2.1 million and up pay 43.6% of all individual Federal income taxes – Tax Policy Center
- An estimated 45.3% of all US households (77.5 million) pay zero Federal income tax with the bottom 40% receiving money — Tax Policy Center
- Median US rent rose 2.9% in 2015 to $1,381 per month while average hourly earnings gained 2.5% to $25.39 – Zillow & Bureau of Labor Statics
- Buyers paid all- cash in one out of every four January 2016 existing home sales (26%), up from 24% in December 2015 – NAR
- For each 100 existing home sales in January 2016, two were short sales and seven foreclosures – NAR
- With 6 months of inventory considered normal for existing homes, the current 4.5 months inventory bodes for ongoing price increases – NAR
- One out of every three existing homes sales (32%) in January 2016 were on the matter less than one month – NAR
- January 2016 existing home median at $213,800 was up 8.2% year-over-year and has risen 47 consecutive months ( YOY) – NAR
- January 2016 existing home sales hit 5.47 million on a seasonally adjusted annualized rate, up 11% year over year – NAR
- Governmental Debt Per Person US $58,576 UK $35,544 China $3,960 http://NationalDebtClocks.org
- With $18.91 trillion of government debt, the US owes almost 1/3rd of total world governmental debt equaling $58,576 per person – MarketWatch
- Overall residential foreclosure filings in January 2016 were at the lowest level in almost 10 years at 95,186 filings – RealtyTrac
- Total foreclosure starts dropped to 71,900 in January 2016, down 23% from a year ago and off 7.94% from December 2015 – Black Knight
- States with the lowest percent of non-current residential loans were North Dakota (2.41%), Colorado (3.03%) & Alaska (3.24%) – Black Knight
- Mississippi, Louisiana & New Jersey have the highest percentage of non-current residential loans at 13.0%, 10.49% & 19.38% – Black Knight
- US loan delinquency rate (30 or more days past due not in foreclosure) was 5.09% in January 2016, down 7.1% from a year ago – Black Knight
- Total household debt was $12.68 trillion in 2008, but had shrunk to $12.12 trillion by the end of 2015 – NY Fed
- While total housing mortgage debt almost doubled from 2000 to 2006, it has increased just 1% since 2012 – NY Fed
- Houston has 8.6 million sq ft of sublease office space available with another 1.5 million additional in coming months – Houston Chronicle
- Health insurance costs jumped 4.8% in the 12 months ending January 2016, more than double core inflation increase of 2.3% – @MarketWatch
- Flint, Michigan has the greatest vacancy in housing at 7.5% among the 147 cities with more than 100,000 population – RealtyTrac via RISMedia
- Why buy real estate? Of the almost 175 new IPOs in 2015, 70% are trading below their initial price, on average down 20% – WSJ
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