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?
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 according to the National Association of Realtors®. Join in or check out, so-to-speak, with the massive economic group. One Florida Realtor® that occasionally retweets my info has 814,000+ followers – that is a highly effective use of their time!
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 2,411 – please tell friends and colleagues. This is the every-other-week or so of Jones on Real Estate blog posting covering the latest Tweets.
While you may recognize some of the data from my blog, there are always items that just get Tweeted. I am always looking for “I did not know that” information”.
DrTCJ’s Tweets July 29, 2016 Through August 11, 2016
- Houston existing single family home sales dropped 8.8% in July 2016 vs a year ago, the 1st decline in 6 months, median price up 4.1% – HAR
- States With Lowest Foreclosure Inventory of Homes with Loans — All 0.3% Minnesota Colorado Utah Michigan Nebraska CoreLogic
- June 2016 residential foreclosure inventory was down 3.6% from May, the 56th consecutive month of year-over-year decline – CoreLogic
- Largest Percent of All Homes With Loans in Foreclosure inventory June 2016 3.4% NJ 3.1% New York 2.0% Hawaii 2.0% DC 1.9% Maine CoreLogic
- Just 2.8% of all residential loans were in serious delinquency (90 days or more past due) in June 2016 – CoreLogic
- Given robust new hotel development, CoStar is anticipating a 2% – 3% decline in occupancy rates in the next 5 years assuming no recession
- The average daily US hotel rate is forecast to rise 4.0% to $124.86 this year, with RevPAR (revenue per available room) up 4.4% – STR
- Developers are expected to increase the US hotel room inventory by 1.7%, up from a 1.1% gain in 2015 – STR
- Hotels, after hitting a record occupancy rate in 2015 at 65.3% are on track to another record 65.7% in 2016 – STR
- 38,000 residential foreclosures were completed in June 2016, down 25.9% from a year ago – CoreLogic
- $2,300 Median credit card debt in 2016, average $5,700. Households with zero or negative net worth average $10,307 – ValuePenguin
- 1 year household income growth expectation up from 2.39% in May to 2.81% July – New York Fed’s July 2016 Survey of Consumer Expectations
- Consumer spending gain expectations for the year increased from 3.6% to 3.8% – New York Fed’s July 2016 Survey of Consumer Expectations
- 62% of Chinese investor’s outbound real estate investments in the 1st 5 months of 2016 was in the US, totaling $10.6 billion – DRZ/C&W
- Most Challenging Markets for Renters to Become Homeowners http://blog.stewart.com/stewart/2016/08/04/another-top-10-list-best-and-worst-markets-for-renters-to-become-homeowners/ …
- The Most Affordable Markets for Renters to Become Homeowners http://blog.stewart.com/stewart/2016/08/04/another-top-10-list-best-and-worst-markets-for-renters-to-become-homeowners/ …
- The Three Bears Paradox – Job Growth & Residential Building Permits 2012-2015 Overbuilt Housing Markets
- The S&P500 (+0.40% for the week) and Nasdaq (+1.1%) closed at all-time record highs, driven by the better than expected July jobs report
- 58% of all newly completed single family homes in 2015 had 2 or more stories and just 42% one story – NAHB
- US added 2.447 million net new jobs in the 12 months ending July 2016 – tepid to the 3.45 million added in the 12 months ending Jan 1998
- The Mining Sector (which includes oil & gas) has now lost 24.6% of its total jobs since peaking in September 2014 as of July 2016 – BLS
- While the US posted an overall year-over-year job growth rate of 1.72% in July 2016, the Leisure & Hospitality sector grew at 2.78% – BLS
- Persons employed part time but that want full-time jobs totals 5.94 million as of July 2016, down from 6.30 million a year ago – BLS
- Fitch Ratings is forecasting a +3 to 4% gain in hotel RevPAR in 2016, +1 to 2% gain in 2017, with negative monthly comparisons in later 2017
- Average hourly earnings in July 2016 rose 8 cents from the prior month to $25.69, up 2.63% from a year ago – Bureau of Labor Statistics
- The US added 255,000 net new jobs in July 2016, well above the 185,000 consensus from economists
- While the official unemployment rate was 4.9% as of June 2016, U6 (a broader definition) says 9.6%, but that still does not measure all pain
- Q2 2016 US commercial loan originations were up 1% year-over-year and up 17% sequentially from Q1 2016 – MBA
- Online content and cloud storage services could double the size of the North American data center industry by 2021 – JLL via the MBA
- Nonfarm payroll employment was up year-over-year in June 2016 in 329 MSAs, down in 47 and unchanged in 11 – Bureau of Labor Statistics
- US home prices rose 5.7% in the 12 months ending June 2016 and are forecast to increase 5.3% in the 12 months ending June 2017 – CoreLogic
- The plunge in oil prices has seen Houston’s office vacancy jump to 19.8%, a 20 year peak – CBRE
- High demand and constrained supply of luxury building lots saw list prices jump 8.7% in the 1st 6 months of 2016 vs a year ago – Realtor.com
- Custom homes made up 22% of all new single family starts in 2015, down from a peak 30% in 2009 – NAHB
- 5.8% of all homes with loans in NJ were either in foreclosure or 90 days or more past due in June 2016 vs 2.47% in the US – Black Knight
- Residential foreclosure starts in Q2 2016 were the fewest since Q2 2005 – Black Knight
- 211,000 US homes were in seriously delinquency (90 days or more past due) at the end of June 2016, vs 1,214,000 in June 2009 – Black Knight
- 2.736 million homes were 30 or more days past due or in foreclosure in June 2016, down 14.6% from a year ago – Black Knight
- 692,000 homes were 90 days or more past due in June 2016, down 18.9% from a year ago – Black Knight
- 69,300 properties were started in foreclosure in June 2016, down 11.27% from a year ago – Black Knight
- 4.31% of all US homes with loans were 30 or more days past due on payment, down 10.03% from a year ago – Black Knight
- Interest rate reduction brought on by BREXIT brings 8.7 million homeowners into potential play to refi – most since 2012 – Black Knight
- In hopes of slowing price appreciation, Australia enacts 10% transfer tax on home sales by non-Australian citizens on $2 million & up sales
- Most Improved US Housing Markets 1 Mississippi 2 Tennessee 3 Massachusetts 4 Florida 5 Nebraska Freddie Mac MiMi June 2016
- Healthiest Housing Markets in the US 1 District of Columbia 2 Hawaii 3 Utah 4 Montana 5 Oregon Freddie Mac MiMi June 2016
- Best Cities for Entrepreneurs 2016 1 Boulder CO 2 Austin TX 3 Provo UT 4 Charlottesville VA 5 Chapel Hill SC
- Best College Towns 2016 1 Tempe AZ 2 Irvine CA 3 Columbia SC 4 Cambridge MA 5 Ann Arbor MI 6 Tallahassee FL
- Uber cofounder releases http://Haus.com site that shows home seller all offers on the table – RISMedia
- As the voice and advocate for HAR’s Young Realtors, it is the mission of the NextGenRealtor Group…NRG to develop Young Real Estate…
- Real GDP (inflation adjusted) for Q2 2016 increased a disappointing 1.2%, preliminary, versus estimates ranging from 1.8% to 2.4%
- FitchRatings raised their oil price assumption used when analyzing energy companies to $42 per barrel for 2016 given high oil inventories
- Renters with student loans are 28% less likely to say they will buy rather than rent their next dwelling vs those without loans – Fannie Mae
- College grads with student loans are still 27% more likely than high school grads to buy a home – Fannie Mae
- 40% of US 25 – 44 went to college, have student debt, did not graduate are 32% less likely than high school grads to buy a home – Fannie Mae
- Home Purchase Obstacles 55% Finding a Home They Can Afford 50% Insufficient Downpayment Savings 41% Getting a Loan Approval NAHB
- Hottest Housing Markets July 2016 – Days on Market + Supply + Listing Views http://realtormag.realtor.org/daily-news/2016/07/28/20-hottest-housing-markets-for-july-2016?om_rid=AAFOQn&om_mid=_BXmoPnB9QcYIm5&om_ntype=RMODaily …
Get your own Twitter account and Tweet away — and of course retweeting the ones of mine you find interesting.
Want to see all of my tweets or follow? Click https://twitter.com/drtcj
If this 62-year old can Tweet, so can you.
Ted