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 575), each week one of the Jones on Real Estate blog postings will cover the latest seven days of Tweets ending each Thursday.
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 Tweets November 28 – December 4 2014
- The net cost to originate a loan in Q3 2014 was $5,083. The typical loan production employee originated 2.4 loans per month – MBA
- The average loan balance for 1st mortgages rose to $231,914 in Q3 2014, up from $225,762 in Q2 – MBA
- Today just 8% of homeowners are underwater on their mortgages today, down from 33.5% in January 2012 – Black Knight
- An estimated 4 million homeowners are underwater to the tune of $157 billion – Black Knight
- Though internet retail sales were up 16.2% in Q3 2014 from a year earlier, 93.4% of all retail remains in brick and mortar stores – Moody’s
- Holiday retail sales are forecast to increase 4% from a year ago, which were up 3.3% from 2012 – International Council of Shopping Centers
- While overall home sales were down 1.2% in Q3 when compared to a year ago, $1 million and up property sales were up 9% – Redfin
- Retail cap rates continue to compress, now at a national average 6.8% – CBRE
- The average price per square foot for retail was up 25% year-over-year to $214 – CBRE
- 2 million square feet of new retail space delivery in the past quarter was one of the least recorded in the past 20 years – CBRE
- There is currently 100 million square feet of industrial real estate under construction in the US – CBRE
- The US industrial real estate market just notched the 18th consecutive month of positive rent absorption – CBRE
- Plunging oil prices have caused the Russian ruble to depreciate 40% since the first of the year – WSJ
- Home prices, up 5.6% in September 2014 YOY, now has home prices 12.6% less than the peak in 2006 – CoreLogic
- Congress’ failure to renew debt forgiveness legislation could result in 170,000 short sales incurring an average $75,000 of imputed income
- An estimated 80% of US tight oil production (shale) in 2015 would still be economically viable in the $50 to $69 per barrel range – IHS WSJ
- Almost one in three American adults (32%) are on file at the FBI’s Master Criminal Database for prior arrests – WSJ
- Expectations of rising interest rates in 2015 are causing large bond funds to hold the most cash since 2007 – 6.6% of their portfolios – WSJ
- The US government’s Pension Benefit Guaranty Corp now has assets of $90 billion but known liabilities today of $152 billion – WSJ
- With 317.26 million people in the US and 2.3 billion square feet of self storage space, there is 7.25 square feet of self storage per person
- The self-storage industry totals 48,500 mini-warehouses across the US with a combined 2.3 billion square feet of space – BusinessWeek
- Latest US commercial real estate markets vacancy rates Q3 2014 Office14.1% Industrial 10.6% Retail 11.5% Multifamily 4.3% CBRE
- 30-year fixed-rate residential mortgages saw rates drop to 3.97% last week – the lowest since October – Freddie Mac
- REITs share of multifamily acquisitions fell from 20% last year to 9% this year, private non-institutional buyers jumped from 50 to 59% CBRE
- The average US apartment sales price of $128,000 in Q3 2014 was up 5.9% from a year ago – CBRE
- 2014 investment in US multifamily properties is set to break the previous record of $205 billion set in 2007- CBRE
- US hotel 2015 forecast: Revenue Per Available a room (RevPAR) up 6.2% to $79.06, demand up 2.4% & supply up 1.3% STR & Tourism Economics
- 2015 forecast is for US hotel occupancy to increase 1.1% to 65.1% and the average daily rate to rise 5% to $121.37 – STR & Tourism Economics
- Slightly more than 1/2 of 1,364 respondents used their HELOC to increase the value of the home – remodel, expand, upgrade – TD Bank survey
- Home Equity Lines of Credit Lending (HELOCs) was up 21% in the first half of 2014 vs the same period in 2013 – Equifax
- Completed disclosures dropped 12% in 2014 and are forecast to decline another 10% in 2015 – Zelman & Associates
- 89% of lenders responded that regulations were hurting their business & 2/3rds indicated CFPB was causing most anxiety – Collingwood Group
- 65 million grandparents in the US in 2012 – 10% (7 million) lived with at least 1 grandchild and 3 million were caregivers – Census Bureau
- New Fannie Mae – Freddie Mac lending standards as of today may lower qualifying FICO Score as low as 620 – Mason McDuffie Mortgage
- New lending standards in effect today by Fannie & Freddie could spur from hundreds of thousands to 1.2 million new homebuyers – Urban Inst
- Stronger consumer confidence saw consumer spending rise 2.2% in Q3 2014, portending a healthy holiday sales season – WSJ
- Bolstered consumer confidence is seeing the US savings rate decline from 5.6% in September to a revised 5% in October as people spend – WSJ
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.