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Matt Category: Marketing
Current Grade: A
Total Views: 2218
Member Comments: 5
 Posted on: 02/16/2007
Posted by: Matt
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Found a few interesting statistics while doing some research on the REI industry for our business plan.  Thought I would share...

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Nearly 35 percent of homes sales during 2004 were speculative investments (buyers "flipping" or reselling the property for quick profit), according to the National Association of Realtors.

   From http://www.homeinsight.com/details.asp?url_id=23&WT.cg_n=Publications&WT.cg_s=0

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The WSJ highlights a controversial data point about the U.S. residential real estate market. It turns out that the that percentage of vacant homes for sale in the U.S. is at its highest level in four decades, with the national home vacancy rate currently at 2.7%, up from 2.0% a year ago.

    From http://usmarket.seekingalpha.com/article/24975
 
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The number of clubs affiliated with the National Real Estate Investors Association (NREIA), a trade group, has quadrupled in the past three years, from 44 to 178.

   From http://articles.moneycentral.msn.com/Investing/RealEstate/RealEstateClubsRideTheHousingBoom.aspx

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Student attendance at the Whitney Education Group, founded by Russ Whitney, author of "Millionaire Real Estate Mentor," increased 189 percent between the second quarters of last year and this year. Revenues of the publicly traded Whitney Information Network (RUSS: Research, Estimates) rose 151 percent. 


   From http://money.cnn.com/2004/09/29/real_estate/investment_prop/gurus/index.htm




Current Grade: A
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Dan Askins

Posted By: Dan Askins on 12/07/2007
I just read an article the other day that said the LTV is higher than ever as well, somewhere around 60%. The illusion of homeownership as an investment for tomorrow is giving way to the reality of homeownership as a way to move short term credit card and auto debt into long term debt on a house. Many people can't afford to sell their houses, because they have leveraged it over its current value. Good article.
 
Property Management and YP Consulting
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Posted By: Property Management and YP Consulting on 02/16/2007

I'm surprised.  I would have guessed that the big growth numbers would have been 2-3 years ago.  There must be a lot of people that are slow to jump on the wagon.

 

 
AK
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Posted By: AK on 02/16/2007
good info...
 
Matt Miller - Content Director
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Posted By: Matt Miller - Content Director on 02/16/2007
Interesting article. Sounds like good news for real investors, and bad news for speculators!!! Cool