Connecticut Real Estate Investors Assn. (CT REIA) Announces February 2011 Meeting Of The Fairfield County Real Estate Investors Association

Article by Connecticut Real Estate Investors Association

The Connecticut Real Estate Investors Association, or CT REIA, in association with the Fairfield County Real Estate Investors Association, or FCREIA, is announcing the quarterly meeting of the FCREIA. The event will take place from 6:45 pm to 9:00 pm at Westy Self Storage, 2070 Kings Highway, Fairfield, CT. Admission to this event is free for CT REIA members and $ 20 for not-yet-members.

The Fairfield County REIA quarterly meetings are a great opportunity for investors to connect with other investors in Fairfield County and Lower New Haven County. Attendees are encouraged to bring their business cards, deals, and team of professionals. The staff at Westy will assist attendees with any of their needs for this meeting. Coffee, sweets, cheese, crackers, and other delights will also be served.

One of the guest speakers for this event will be Ted Lanzaro, Jr., a CPA, CFE, and CrFA at Lanzaro CPA LLC. He will teach attendees how to use componentization to reduce income taxes. Topics Ted will discuss include: what componentization is and why it is a great tax savings tool; when is the ideal time to componentized a property; how componentization can increase depreciation and reduce taxes; how to get immediate tax deductions for fixing up a rental property; how rental losses can be used to offset earned income; and more.

The other guest speaker for this event will be Laura Treonze, an investor and realtor with the Gold Coast Investment Group at Keller Williams Realty. Laura will teach attendees the techniques to get and convert no-cost real estate leads. Laura will share techniques for growing buyer and seller databases. Laura will also give attendees scripts that will help them turn those leads into dollars. Laura possesses more than 10 years of real estate investment experience and is a workshop instructor of The Millionaire Real Estate Investor by Gary Keller. She is a certified distressed property expert, has her e-pro designation and is the Vice President for the Women’s Council of Realtors in Southern Fairfield County.

CT REIA is an organization that provides motivation, networking opportunities, and up-to-date education for people who want to buy their own home or investment property. Each month, a nationally known real estate investment trainer is featured. Real estate professionals, investors, landlords, property managers, realtors, contractors, wholesalers, rehabbers, and the general public are invited to attend our meetings. For more information on this and other real estate investor courses from CT REIA, please call (860) 265-4414 or visit http://www.ctreia.com .

Louisville, KY (PRWEB) February 05, 2012

4-H Camp Ohios executive director Anthony Imbody is a big believer in the ability of his camp to impact the lives of young people. He should knowhe was one of them.

I credit a lot of who I am today to 4-H and Camp Ohio, said Imbody, who had his first camping experience at the beautiful site in northern Licking County at age 9. Camp offers kids many first-time experiences, and allows them to learn a lot about themselves, plus meet many wonderful people, some of whom become lifelong friends.

As Imbody moved up the Camp Ohio ladderfrom camper to counselor to adult staff to Adventure program instructor to executive directora very big part of his experience, as well as most other campers, has been the camps Adventure Tower. Since it was constructed in 1976, its easily been the most popular attraction at the camp, with more than 125,000 young people having conquered challenges and learned teamwork on the structure. But times change, and when a burgeoning number of campers and an aging tower necessitated that a new tower be built, Imbody turned to Farm Credit Services of Mid-America for assistance.

Id heard how Farm Credit had given grants to a number of Ohios other 4-H camps, so I talked with one of their people, Roger Smith, who is one of our adult 4-H volunteers, said Imbody. Roger helped me with the application process, and we received a gift of $ 20,000, which allowed us to reach our goal. Now well be able to continue to offer a lot of great opportunities to a lot of kids for the next 30 years.

Construction on the new tower is scheduled to begin this spring and be completed in time for this summer and the 8,000 campers who visit the camp annually. The new facility will be taller and larger, and like its predecessor, will offer a climbing wall and a platform on top, from which campers can rappel down the 38-foot structure. It will also increase from one to two ziplines to offer twice as many campers the ever-popular zipping experiences.

Farm Credits Smith, a financial services officer with the ag lending cooperatives Utica field office, is also a 4-H alum and has spent 30-plus years as a 4-H advisor. He credits 4-H with teaching him some valuable leadership skills and the value of hard work, and wanted to see another generation of kids enjoy some of those same benefits.

This is a very busy camp, drawing from 18 to 20 surrounding counties, and we saw this as a great use of Farm Credits stewardship funds, to help provide this wonderful facility for them, he said. For many years, weve made it a practice to regularly invest in our communities. Theyve been good to us, and we want to do what we can to support the quality of life there.

When the new Adventure Tower opens for business this summer, this years crop of campers will eagerly begin ascending and descending it in the various activities. But they wont be the only eager ones.

Whenever I get a chance, I still enjoy teaching it today, because I can relate to the kidswhether its their first time or their tenth. If I hear one of our staff say, We need an instructor for the tower, I have this tendency to volunteer, laughed Imbody.

About Farm Credit Services of Mid-America

Farm Credit Services of Mid-America is an $ 18 billion financial services cooperative serving more than 92,500 farmers, agribusinesses and rural residents in Kentucky, Ohio, Indiana and Tennessee. The association provides loans for all farm and rural living purposes including real estate, operating equipment and housing and related services such as crop insurance, and vehicle, equipment and building leases. For more information about Farm Credit, call 1-800-444-FARM or visit them on the web at http://www.e-farmcredit.com.

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Glendale, CA (PRWEB) January 20, 2012

As part of a growing initiative to provide new pre-made designs to varying industry sectors, Digital Pre-Press Services, Inc. announces an even larger selection of pre-designed sign and display options for real estate professionals.

Signs and displays encompass many aspects of advertising and marketing materials. Some common choices include retractable banner stands, large format posters, A Frame sign stands, pre-designed banners and signs as well as custom banners and signs.

DPS has decided to expand its pre-designed banners and signs selections due to the increasing need for quick promotion signs and displays for real estate agents. The industry, as a whole, is fast paced and DPS offers advertising solutions that require only a few clicks of the mouse. Whether a company is in need of aluminum signs, a sidewalk sign or a large hanging vinyl banner, DPS can ensure the message gets communicated in a professional looking way through the highest end materials and printing processes.

Pre-designed banner and signs are often used by real estate companies for For Sale signs, For Lease signs and For Rent signs. The pre-made sign designs offered by DPS include the traditional information such as For Sale with contact information. The designs are kept simple, to the point and clean. For a slightly different look, DPS also offers real estate signs with dynamic backgrounds as well.

Custom banner and sign options allow a company to choose what they need on their sign outside of what is being offered in the pre-designed section. During the customized sign process, companies can choose to place their logo, slogan and message on the design. When choosing the custom design option, a high resolution graphic is needed for production.

For more information regarding real estate banner and sign display options, please visit http://www.dpsbanners.com

About Digital Pre-Press Services, Inc.:

Founded in 1996, Digital Pre-Press Services, Inc. is visible online at DPSBanners.com and on location in Glendale, California. The company provides simple, affordable and professionally designed banners that can be personalized and customized exclusively online. Through the site, DPS has a wide array of products including banner stands, window clings, car magnets, retractable banner stands, sidewalk signs, pre-designed banners and more.

Contact:

Digital Pre-Press Services, Inc.

Toll Free (888) 790-2665

http://www.dpsbanners.com

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Key Shifts In San Diego County Demographic Patterns – Real Estate Implications

Article by Real Estate Advisor

On August 15, 2006, the US Census Bureau released its annual statistics for various communities. The data for San Diego County revealed some significant shifts from 2000 to 2005 in terms of the total population in San Diego, the percentage of males to females, percentage of people at various ages, and the racial composition of the County.

POPULATION SHIFTS

Total Population = 2,813,833 (CY 2000) vs. 2,824,259 (CY 2005) = 0.4% increase

Of the total population, there were shifts in the percentage of males to females.

Males = 1,415,097 (CY 2000) vs. 1,400,199 (CY 2005) = 1.1% decline.

Females = 1,398,736 (CY 2000) vs. 1,424,060 (CY 2005) = 1.8% increase.

AGE CHANGES

The percentage of people at various age also changed during this time period.

Median Age = 33.2 years (CY 2000) vs. 34.4 years (CY 2005) = 3.6% increase.

Population Under 5 Years of Age = 198,621 (CY 2000) vs. 221,575 (CY 2005) = 11.6% increase.

Population Under 18 Years of Age = 2,090,172 (CY 2000) vs. 2,067,282 (CY 2005) = 1.1% decline.

Population 65 or Older = 313,750 (CY 2000) vs. 310,836 (CY 2005) = 0.9% decline.

RACIAL COMPOSITION

Of individuals who defined themselves as belonging to one-race, the following statistics were provided:

Total Number of “One-Race” Individuals = 2,681,866 (CY 2000) vs. 2,730,721 (CY 2005) = 1.8% increase.

Individuals who defined themselves as belonging to one-race, were further categorized as follows:

White = 1,871,839 (CY 2000) vs. 1,927,166 (CY 2005) = 3% increase.

Black or African American = 161,480 (CY 2000) vs. 140,181 (CY 2005) = 13.2% decrease.

American Indian and Alaska Native = 24,337 (CY 2000) vs. 19,902 (CY 2005) = 18.2% decrease

Asian = 249,802 (CY 2000) vs. 295,926 (CY 2005) = 18.5% increase

Native Hawaiian and Other Pacific Islander = 13,561 (CY 2000) vs. 12,704 (CY 2005) = 6.3% decline.

Other Race = 360,847 (CY 2000) vs. 334,842 (CY 2005) = 7.2% decline.

Of those individuals who defined themselves as belonging to “two-races”, the following statistics were provided:

Total, Two -Race Individuals = 131,967 (CY 2000) vs. 93,538 (CY 2005) = 29.1% decline.

Hispanic or Latino (of any race) = 750,965 (CY 2000) vs. 843,901 (CY 2005) = 12.4% increase.

SHIFTS IN HOUSEHOLD CHARACTERISTICS

Total Household Population = 2,716,820 (CY 2000) vs. 2,824,259 (CY 2005) = 4% increase.

Average Household Size = 2.73 (CY 2000) vs. 2.71 (CY 2005) = 0.7% decrease.

Average family size = 3.29 (CY 2000) vs. 3.33 (CY 2005) = 1.2% increase.

IMPLICATIONS FOR SAN DIEGO REAL ESTATE

If you are interested in buying San Diego real estate, homes, condos or townhouses for sale, then the above information may be useful to you. The information above can help you understand demographic and population shifts that impact supply, demand, and price of real estate and homes for sale in San Diego.

San Diego is one of the most popular areas in the Country because of its moderate climate. In fact, the year-around average weather in San Diego is around 70 degrees Fahrenheit.

San Diego real estate is also popular because of its proximity to the Pacific Ocean, mountains and the US-Mexico border. Bordered by Orange County and Riverside County to the north, and the Mexico to the south, San Diego real estate has hundreds of beachfront properties for sale.

San Diego is the sixth most populated County in the Nation. With this many people, buying real estate in San Diego can be a competitive process depending on the supply and demand of real estate and homes for sale at a particular time.

While interest rates are still relatively low and supply relatively high, buyers at this time may find San Diego real estate a good value.

Those who purchase San Diego real estate enjoy year-around perfect weather, easy access to the Mexico border, a thriving job market, and the pleasures of living close to an ocean.

Whether you are interested in boating, fishing, golfing, tennis or other hobbies, residents and visitors who own San Diego real estate have access to all these activities and more.

Please visit the Census Bureau’s web site for detailed demographic information about San Diego County. The Census Bureau provides key statistics for various communities in its annual American Community Survey (ACS) report.

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Do You Need A Real Estate Appraiser When Buying A Home Or Condo?

Article by Real Estate Advisor

If you are considering purchasing or selling a home, condo or any other type of real estate, you will most likely need the services of a real estate appraiser. An appraiser performs an assessment of properties and other types of real estate to help establish its value. While there are several methods appraisers use to establish the value of real estate (e.g. cost method, income method, and comparison method), for residential properties, the comparison method (also known as market value) is the most common approach. The appraiser’s job is to provide an opinion about the value of a property based on its “highest and best use.” If you are financing the purchase of a property, your lender will normally require an appraisal to make sure that the property is really worth the amount loaned.

The real estate appraiser is tasked with carrying out a completely objective assessment of a property and will normally provide a written evaluation report. This is accomplished by a physical inspection of the property, as well as a comparison to other similar properties for which the value is already established. To make a determination about value, the appraiser gathers details such as the size of a property, size of the lot, location, condition, best use of the property, amenities, etc.

After this initial inspection, the appraiser may scout the neighborhood to compare the property with other similar properties in the neighborhood by age, size, price range, etc. The appraiser then gathers additional data from several sources such as the local Multiple Listing Services (MLS), which provides information on current and recent comparable sales. The appraiser also gathers information from his/her own past experience in the local market. All of these sources of information are taken into consideration while writing the appraisal report, which will provide an estimate about the value of a property.

There are many reasons to use the services of a qualified appraiser. When purchasing real estate, an appraisal provides you with a negotiating tool and helps ensure that the price you are paying is appropriate. If you are selling your property, the appraisal will help you determine an appropriate price range. Besides real estate and mortgage transactions, you may need to order an appraisal to lower the tax burden (assuming the value is really lower than the value established by taxing authorities), to establish the replacement cost of insurance, to settle an estate, etc. An appraiser only gives an estimate of the value of the property. A real estate appraiser is not to be confused with a home inspector.

If you are considering buying or selling a home, condo or any other type of real estate, you can use the services of a qualified real estate appraiser who will provide an estimate of the fair market value of your property.

Miami, FL (PRWEB) January 10, 2012

eReal Estate Holdings, LLC, operator of Condo.com, Houses.com, Property.com and most recently, Location.com, today announced the appointment of Liam Dayan as the Companys Chief Technology Officer and Jason Seymour as Chief Information Officer. Dayan and Seymour are partners in createCORE, a technology consulting and development firm with a specialization in online real estate, data, and search, where they have provided services to many of the countries largest brokerage firms. The appointment became effective January 1st, 2012, and createCORE will provide the Company with CTO and CIO services as well as the intellectual property and development capabilities that createCORE has established over the years.

The rapid growth of three our category domains in the online real estate space and the recent acquisition of Location.com created a need for expanded technology leadership, stated Richard Swerdlow, CEO of eReal Estate Holdings. createCORE and its principals were a perfect fit. Strong IT management and strategy implementation is a key driver to our Companys continued success. Adding two highly experienced industry experts to our senior team prepares us for rapid growth in the new year and beyond, added Swerdlow.

Our expertise in large databases, SEO, search and online lead generation coupled with their platform, team and online presence made this a compelling opportunity for us, stated Liam Dayan, the new CTO of eReal Estate Holdings and createCORE principal. The category-defining domains and profitable business model give us the chance to collectively create a best of breed platform on the largest stageits a challenge were very much looking forward to, he added.

Jason Seymour, the Companys newly appointed CIO, put it succinctly, Take what theyve already accomplished with their existing real estate portals, add our ability to grow and enhance those destination sites, and expand it to the new Location.com site – and we will quickly become a lead dog in the location-based search and advertising spacepun intended.

Prior to joining eReal Estate Holdings and founding createCORE, Dayan held key technology leadership positions in the real estate industry. Most recently, he served as the CTO of Onboard Informatics and GM of their listings platform. Before entering the real estate space, Dayan was the Founder and Principal Architect of Comp-Elite Solutions, Inc., where he was one of the principal consultants on technology matters for Microsoft, NCCI, Burger King, and Interim Healthcare among others. His technology leadership at eNeighborhoods led to the Companys recognition as one of the fastest growing technology firms in their sector. Dayan is a frequent speaker at industry events and serves as an expert resource for corporate and government boards, executives and agencies on technology issues and trends.

Jason Seymour, eReal Estate Holdings CIO, brings over two decades of experience creating game-changing technology and leading IT teams. Prior to joining eReal Estate Holdings and createCORE, Jason led the engineering effort at Onboard Informatics, spearheading the creation of expert systems including the development of lifestyle search technology. He also helped lead the effort to grow the technology team and product lines at eNeighborhoods. Jason has served on the boards and as CTO to several companies – all of which have enjoyed the benefits of his experience consulting in the marketing technology field to companies such as Taylor Corporation, First Marketing and Microsoft.

About eReal Estate Holdings

eReal Estate Holdings, LLC owns and / or operates the category-defining portals Condo.com, Houses.com, Property.com and Location.com. The real estate portals are the worlds largest online marketplaces for real estate with over 30 million properties for sale, rent and vacation in the United States and 70+ countries around the world. The sites receive over 1.5 million+ visitors per month and cost-effectively deliver exposure and qualified leads to builders, real estate professionals and homeowners. In addition to property for sale and rent, site visitors have access to a wide variety of real estate-related products and services including mortgages, credit repair, home improvement, moving and more. Location.com will be launched in Q1 2012 in order to capitalize on the rapid growth of location-based advertising and search. The Company is privately held and headquartered in Miami, Florida. For more information, please visit Condo.com (http://www.condo.com), Houses.com (http://www.houses.com), Property.com (http://www.property.com) and Location.com (http://www.location.com).

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Pinehurst, NC (PRWEB) January 02, 2012

Surprisingly, a February absolute auction in Southern Pines, NC is not being driven by foreclosure, bank REO or short selling. It is the rare value that can only be found when the truly wealthy dispose of their real property assets in a live absolute auction.

In one seller’s own words, “We have no debt. The markets are soft, our children have grown and moved to other areas. We no longer need this fantastic property. We can afford to sell, and we will accept what the market offers on the auction day. We’re merely moving on.”

Properties being offered include: a 10-acre horse farm with a three-bedroom bungalow, a 20-acre horse farm with a four-bedroom main home and stable (that exceeds the quality of many American homes), and a 30-acre home with 15 acres under paddocks.

Pinehurst & Southern Pines has seen such luminaries as sharpshooter, Annie Oakley, who ran the Pinehurst Gun Club to golf greats Jack Nicklaus, Johnny Miller, Ben Hogan, Babe Zaharias, Patty Berg and Arnold Palmer. Presidents Nixon, Eisenhower, Ford and Bush are also among the notables to enjoy the magic of this playground for the wealthy.

Nicholas Varzos, President of Exclusively Auctions says, “We represent capable and motivated sellers. We only offer properties at Absolute Auction. We believe ‘reserve auctions’ are merely another form of retailing – and not real-market expressed value.”

Bidders will be required to provide a $ 25,000.00 refundable cash or certified funds deposit with Stewart Title for every property they wish to bid on at the absolute auction. All bidders should have a local broker for assistance with comparable valuation and purchase advice. Appraisals, inspection reports, and more are available on Exclusively Auctions website.

The properties are available at open house every Wednesday, Saturday and Sunday beginning January 15th. Proxibid.com will also host a live real-time portal to the auction for anyone that cannot attend the auction in person on February 16th. For more information, contact Nicholas Varzos directly at (916) 826-7310 or call your local broker to set a viewing.

FOR INFORMATION: Contact David Schwoegler

Public Information Officer (916) 826-7310

Exclusively Auctions, Inc – dba MyNextAuction.com

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Related Real Estate Press Releases

Miami Beach, FL (PRWEB) December 25, 2011

The Sterling Fund opened today offering an important new source of commercial building financing. Uniquely, Sterling offers short- and long-term loans at a fixed rate for less-than-perfect credit, with minimal paperwork and commercial building refinancing in as little as 18 days with The Sterling Fund.

Small businesses frustrated by conventional or SBA loan delays can now obtain financing on reasonable terms. In some cases, owners can save their building from foreclosure when banks refuse to extend or refinance a credit line. Sterling rushes through paperwork and documentation for building rehab, to refinance a balloon payment, for a partner buyout, or as bridge loan financing.

Commercial hard money loans are just less painful for refinancing a building right now, says Sterling Fund CFO, Adam Koplowitz. He says Private money is the new Conventional Commercial Real Estate Loan.

There are several reasons for the growth of The Sterling Fund. Sterling commercial loans are for business mortgages from $ 75,000 up to $ 500,000 with as little as 21 days closing. Theyre great for apartment and mixed use properties when a partner buyout or repair is needed right away, says Sterling President, Frank Pournelle. Higher LTV financing and long term fixed rates top the list. The other major benefit is that Sterling loans remain reliable in closing quickly.

Between 2008 and 2011 a restriction of commercial financing by banks created a credit crisis for small business. The value of quick commercial financing cannot be overstated. Many loan programs for B and C grade commercial property refinancing have been curtailed as property values declined. Further, bank quoted transactions may not be completed or significantly dealyed. Sterling targets small business building owners with their specialized commercial mortgage programs.

ABOUT THE STERLING FUND

The Sterling Fund Inc. is a leading commercial real estate financing firm with offices in Miami Beach, Fl and Dallas, TX. They are consistently ranked among the top commercial loan providers nationally. Sterling specializes in 21 day funding for properties such as: apartments, motels, office, industrial, mini-storage, retail, mixed-use and hotels. Private investors provide easier qualifications for a fast building refinance. A commercial mortgage loan quote can be obtained in minutes from The Sterling Fund at http://www.BuildingRefinance.com or by calling 1-800-578-4884.

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Championsgate, FL (PRWEB) December 02, 2011

Aegis Community Management Solutions announced today that the company has hired Cynthia Montsinger, LCAM, as a Senior Community Association Manager. She will be working directly with President David Burman and overseeing portions of the Master Planned Community Bella Trae at Championsgate. Aegis is expanding in the Central Florida area and Cynthia is pleased to be able to offer her marketing expertise to assist in this effort. Cynthia looks forward to the opening of the new branch slated to open in Central Florida in 2012. Cynthia is the founder of the Open Community Association Mentoring Group on LinkedIn. Follow Cynthia on LinkedIn at http://www.LinkedIn.com/in/cindymontsinger, onTwitter at https://twitter.com/#!/cindymontsinger and on FaceBook at http://www.facebook.com/CindyMontsinger.Management. Cynthia is a columnist for the Condo & HOA Management Magazine, the Orange County, FL Representative for the CAN Advisory Council, a member of the City of Orlando Public Art Advisory Board and a member of the CAI Mid-Florida Chapter Golf Committee. She holds the nationally recognized CMCA® and AMS® designations through the Community Association Institute.

Cynthia joins Aegis Community Management Solutions after working nearly 2 years as a Senior Community Association Manager with RealManage where she opened the Orlando branch in December, 2009, growing the branch from 3 to14 properties. She has held various roles including that of Branch Manager, Director of Community Association Management, Sales Leader, Transition Manager and Hiring Manager. She has lead a team of 8 direct reports and conducted development and training for both branch and on-site staff members. Prior to RealManage Cynthia worked as a Community Association Manager for Greystone Management. She has over 9 years experience as a licensed Florida real estate sales agent and has worked with Coldwell Banker Residential Real Estate Inc. and Millennium Homes Realty. Cynthia worked for over 14 years as an international flight attendant for ATA Airlines with a combined 20 years experience in the aviation industry. Cynthia is currently pursuing her MBA from Kaplan University and holds a BA in Psychology from the University of Central Florida. Cynthia believes in the core values and principles of Aegis and is especially pleased with the fact that the Aegis is a local Florida Community Association Management Firm.

About Aegis:

Aegis Community Management Solutions, Inc. is a local Florida owned and operated company dedicated to the creation and management of viable and sustainable planned communities, including homeowners associations and commercial and residential condominiums and cooperatives throughout Florida. Visit us at http://www.aegiscms.com or call 863-256-5052.

Aegis employs a licensed CPA® on staff.

Our contracts provide a 60 day termination clause, with or without cause.

Aegis strictly limits the workloads of its managers, affording the proper time for each client.

Aegis utilizes an advanced GPS and web-enabled covenant enforcement system.

Every client is provided an advanced, feature-rich website, free with every agreement.

Aegis maintains a $ 1,000,000 fidelity bond and full E&O insurance.

Aegis has partnered with Constant Contact® to provide pro-active email blasts to unit owners.

Aegis maintains an after-hours response line, whereby all after-hours calls are directed to the Manager.

Aegis utilizes the Isynergy Document Management System® to maintain the official records in a truly paperless format.

We are an A rated Accredited Business with the Better Business Bureau® and a member in good standing of CAI® (Community Associations Institute).

Watch Our Video: http://vimeo.com/28077997

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U.S. Real Estate Forecast From A Supply & Demand Perspective

Article by Real Estate Advisor

On any given day, people can easily find articles and news stories describing an impending bust of the so-called real estate bubble. Despite this gloomy prediction, many experts believe that the recent slowdown in housing will be a gradual and modest readjustment rather than sharp bust or decline. These experts believe that factors that lead to a sharp decline in the real estate market are just not present in the current economic outlook. In fact, a recent study by the Joint Center for Housing Studies at Harvard University noted that “despite the current cool-down, the long-term outlook for housing is bright.”

The rise and fall of the real estate market is subject to the forces of supply and demand, and these factors point to stable and positive growth in the real estate segment.

SUPPLY FACTORS

Limited supply of real estate makes it scarce and usually pushes home prices up. In contrast, an oversupply of real estate tends to put downward pressure on home prices. Despite the current slow down in the real estate market, factors that impact limited supply favor continued growth in the real estate market. Some of these factors include:

1. Builders have readjusted growth plans in regions that have an oversupply of new housing. Over time, any excess inventory is likely to be depleted and equilibrium achieved between supply and demand.

2. The availability of land in certain regions, as well land use regulations and associated compliance costs will continue to restrict the supply of new homes.

DEMAND FACTORS:

Housing located in regions with high demand tend to be more expensive than homes in regions with low demand. Factors that impact the demand for housing suggests a favorable long-term housing outlook. Some of these factors include:

1. No current evidence of significant and across-the-board job losses; forecasts of relatively low unemployment rates.

2. Long-term increased demand for second homes, vacation homes and senior housing by baby boomers.

3. Long-term increased demand for entry-level homes by the children of baby boomers.

4. Long-term increased demand for entry-level homes by immigrants.

5. Long-term increased demand for entry-level homes by second-generation Americans.

6. Forecasts that the outflows and inflows of the U.S. population in and out different regions will not significantly impact the overall U.S. real estate housing market.

7. Relative stability in interest rates.

8. Continued stability in long-term home appreciation rates.

9. Overall, rising rate of wealth across all age groups.

SUMMARY

In summary, strong household growth, overall rising incomes and wealth, and a stable economy all bode well for continued long-term growth in the real estate market. While the overall housing outlook is favorable, affordability will continue to be a challenge, as wages, especially in the lower income levels, have not kept up with housing costs.

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