Royce Dugan's Blog

noreply@blogger.com (Premier Driver Network) — Sat, 16 Jul 2011 04:00:00 +0000

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Existing-home sales rose sharply in December

noreply@blogger.com (Premier Driver Network) — Thu, 20 Jan 2011 17:48:00 +0000

Washington, DC, January 20, 2011

Sales increased for the fifth time in the past six months, according to the National Association of REALTORS®.

Existing-home sales1, which are completed transactions that include single-family, townhomes, condominiums and co-ops, rose 12.3 percent to a seasonally adjusted annual rate of 5.28 million in December from an upwardly revised 4.70 million in November, but remain 2.9 percent below the 5.44 million pace in December 2009.

Lawrence Yun, NAR chief economist, said sales are on an uptrend. “December was a good finish to 2010, when sales fluctuate more than normal. The pattern over the past six months is clearly showing a recovery,” he said. “The December pace is near the volume we’re expecting for 2011, so the market is getting much closer to an adequate, sustainable level. The recovery will likely continue as job growth gains momentum and rising rents encourage more renters into ownership while exceptional affordability conditions remain.”

The national median existing-home price2 for all housing types was $168,800 in December, which is 1.0 percent below December 2009. Distressed homes3 rose to a 36 percent market share in December from 33 percent in November, and 32 percent in December 2009.

“The modest rise in distressed sales, which typically are discounted 10 to 15 percent relative to traditional homes, dampened the median price in December, but the flat price trend continues,” Yun explained.

Total housing inventory at the end of December fell 4.2 percent to 3.56 million existing homes available for sale, which represents an 8.1-month supply4 at the current sales pace, down from a 9.5-month supply in November.

NAR President Ron Phipps, broker-president of Phipps Realty in Warwick, R.I., said buyers are responding to very good affordability conditions despite tight mortgage credit. “Historically low mortgage interest rates, stable home prices, and pent-up demand are drawing home buyers into the market,” Phipps said. “Recent home buyers have been successful with very low default rates, given the outstanding performance for loans originated in 2009 and 2010.”

According to Freddie Mac, the national average commitment rate for a 30-year, conventional, fixed-rate mortgage rose to 4.71 percent in December from 4.30 percent in November; the rate was 4.93 percent in December 2009.

A parallel NAR practitioner survey shows first-time buyers purchased 33 percent of homes in December, up from 32 percent in November, but are below a 43 percent share in December 2009.

Investors accounted for 20 percent of transactions in December, up from 19 percent in November and 15 percent in December 2009; the balance of sales were to repeat buyers. All-cash sales were at 29 percent in December, compared with 31 percent in November, but up from 22 percent a year ago. “All-cash sales have been consistently high at about 30 percent of the market over the past six months,” Yun said.

Single-family home sales jumped 11.8 percent to a seasonally adjusted annual rate of 4.64 million in December from 4.15 million in November, but are 2.5 percent below the 4.76 million level in December 2009. The median existing single-family home price was $169,300 in December, down 0.2 percent from a year ago.

Existing condominium and co-op sales surged 16.4 percent to a seasonally adjusted annual rate of 640,000 in December from 550,000 in November, but remain 5.2 percent below the 675,000-unit pace one year ago. The median existing condo price5 was $165,000 in December, which is 7.4 percent below December 2009.

Regionally, existing-home sales in the Northeast jumped 13.0 percent to an annual pace of 870,000 in December but are 5.4 percent below December 2009. The median price in the Northeast was $237,300, which is 1.4 percent below a year ago.

Existing-home sales in the Midwest rose 11.0 percent in December to a level of 1.11 million but are 4.3 percent below a year ago. The median price in the Midwest was $139,700, up 3.3 percent from December 2009.

In the South, existing-home sales increased 10.1 percent to an annual pace of 1.97 million in December but are 2.5 percent below December 2009. The median price in the South was $148,400, unchanged from a year ago.

Existing-home sales in the West surged 16.7 percent to an annual level of 1.33 million in December but remain 1.5 percent below December 2009. The median price in the West was $204,000, down 5.6 percent from a year ago.

The National Association of REALTORS®, “The Voice for Real Estate,” is America’s largest trade association, representing 1.1 million members involved in all aspects of the residential and commercial real estate industries.

Hendersonville, 37075 Market Trends

noreply@blogger.com (Premier Driver Network) — Mon, 06 Dec 2010 14:41:00 +0000

Market trends in Hendersonville, TN 37075 show a group of mixed signals. While the Median Sales Price reported by "trulia" this month shows a 26.3% increase in Median Sales Price, the figures could be distorted by the sharp drop in the number of home sales for the same period. With a smaller group of sales reported the Median Price could be affected by the sale of a small number of Lake Front properties in the community. The increase of Average Listing Price and Number of Listings could also reflect the reentry to the market of more of Hendersonville's larger properties and Lake Homes.

The most significant result reported by "trulia" this month is the $85 per square foot Average Price per square foot. The current quarter result of $85 reflects a fall in home prices over the previous year of 6.6% in the area. This is a great sign for Buyers to get into the market. The $85 per square foot Average Sales Price in Hendersonville makes purchasing an existing property, in most cases, less expensive than new construction.

Location	Sep - Nov '10	y-o-y	3months prior	1 year prior	5 years prior
37075	$85	-6.6%	$89	$91	$91
Hendersonville	$85	-6.6%	$89	$91	$93

Summary

The median sales price for homes in ZIP code 37075 for Sep 10 to Nov 10 was $241,950. This represents an increase of 24.3%, or $47,260, compared to the prior quarter and an increase of 26.3% compared to the prior year. Sales prices have appreciated 23.2% over the last 5 years in 37075, Hendersonville. The median sales price of $241,950 for 37075 is 0.00% higher than the median sales price for Hendersonville TN. Average listing price for homes on Trulia in ZIP code 37075 was $292,932 for the week ending Dec 01, which represents an increase of 1.2%, or $3,542 compared to the prior week and a decline of 0.5%, or $1,515, compared to the week ending Nov 10. Average price per square foot for homes in 37075 was $85 in the most recent quarter, which is 0.00% higher than the average price per square foot for homes in Hendersonville.

BILLIONS IN BANK PROFITS NOT YET TURNING INTO NEW LENDING

noreply@blogger.com (Premier Driver Network) — Sat, 04 Dec 2010 18:09:00 +0000

BILLIONS IN BANK PROFITS NOT YET TURNING INTO NEW LENDING

Even though commercial real estate [CRE] asset quality continues to improve gradually on bank's books across the country, it has not translated into additional lending for commercial real estate. In fact, new lending continues to slide in all categories with the exception of multifamily.

New lending from banks on multifamily projects has increased by about $4 billion year to date. Outside of that category, lending activity continues at slightly declining levels for nonresidential properties and continues to fall off sharply for construction and development projects.

Still, a handful of banks have reported that demand has picked up slightly in the competition for quality loans.

For that reason and others, Federal Deposit Insurance Corp. (FDIC) chairman Sheila C. Bair is indicating that the end of a two-year period of contraction in loan portfolios may have run its course.

"Total loans and leases held by FDIC-insured institutions declined by just $6.8 billion, or 0.1%, in the third quarter," Bair said. "Many large banks have had sizable reductions in their loan portfolios over the past couple of years, but in the third quarter, such reductions were notably absent. I hope we are close to seeing genuine increases in loan balances again."

"The industry continues making progress in recovering from the financial crisis," the FDIC chairman added. "Credit performance has been improving, and we remain cautiously optimistic about the outlook. Lower provisions for loan losses are driving bank earnings by allowing a larger share of revenues to reach the bottom line."

But Bair also added, "at this point in the credit cycle it is too early for institutions to be reducing reserves without strong evidence of sustainable, improving loan performance and reduced loss rates. When it comes to the adequacy of reserves, institutions should always err on the side of caution."

Commercial banks and savings institutions insured by the FDIC reported an aggregate profit of $14.5 billion in the third quarter of 2010, a $12.5 billion improvement from the $2 billion the industry earned in the third quarter of 2009. This marks the fifth consecutive quarter that earnings have registered a year-over-year increase.

The FDIC noted signs of further improvement in asset-quality trends as the amount of loans and leases that were noncurrent (90 days or more past due or in nonaccrual status) fell for a second consecutive quarter. Before these two quarterly declines, the industry's noncurrent loan balances had risen for 16 consecutive quarters.

However, noncurrent balances increased in multifamily residential real estate loans (up $1.2 billion, or 13.6%) and in nonfarm nonresidential real estate loans (up $604 million, or 1.3%).

Insured banks and thrifts charged off $42.9 billion in uncollectible loans during the quarter, down $8.1 billion (15.8%) from a year earlier. This is the second quarter in a row that net charge-offs posted a year-over-year decline. Prior to the past two quarters of improvement, quarterly NCOs had increased year-over-year for 13 consecutive quarters. NCOs for most major loan categories declined year-over-year in the third quarter.

Real estate construction and development loan NCOs were down by $2.5 billion (32.4%), while NCOs of real estate loans secured by nonfarm nonresidential properties were $1.1 billion (46.2%) higher.

More banks are also continuing to report an increasing amount of asset sales. The number of banks reporting assets sales has increased 3.2% this year and the amount of assets sold in each quarter has increased 10.4% since the start of the year. In the past quarter 847 banks reported selling $53 billion in loans, leases and foreclosed assets not related to home, consumer or business loans.

As of Sept. 30, the nation's banks reported having $36.1 billion in distressed CRE assets, which includes past due loans on and foreclosed construction and land development, nonresidential income-producing and multifamily properties. That amount is approximately 2.2% of all outstanding loans on construction and land development, nonresidential income-producing and multifamily properties. The third quarter amount is up from $29.4 billion at the end of 2009.

The number of institutions on the FDIC's "Problem List" rose from 829 to 860. However, the total assets of "problem" institutions declined from $403 billion to $379 billion. The number of "problem" institutions is the highest since March 31, 1993, when there were 928. Forty-one insured institutions failed during the third quarter, bringing the total number of failures for the first three quarters of the year to 127.

MBA: Commercial and Multifamily Mortgage Delinquency Rates Mixed in Third Quarter

Separately, the Mortgage Bankers Association (MBA) reported this week that the delinquency rates for different commercial/multifamily mortgage investor groups were mixed in the third quarter. The bad news was that the delinquency rate for loans held in CMBS is the highest since the series began in 1997. The good news is that delinquency rates for other groups remain below levels seen in the early 1990s, some by large margins.

"Greater strength in the economy is bringing some stability to commercial mortgage delinquency rates," said Jamie Woodwell, MBA's vice president of commercial real estate research. "Commercial mortgage performance among most investor groups, including life insurance companies, Fannie Mae and Freddie Mac and commercial banks and thrifts, continues to be better than during the last major downturn of the early-1990s. Although weak, the economic recovery is just beginning to be seen in commercial real estate fundamentals and the mortgages they support."

Based on the unpaid principal balance of loans (UPB), delinquency rates for each group at the end of the third quarter were as follows.

Banks and thrifts: 4.41% (90 or more days delinquent or in non-accrual);
CMBS: 8.58% (30+ days delinquent or in REO);
Life company portfolios: 0.22% (60+days delinquent);
Fannie Mae: 0.65% (60 or more days delinquent); and
Freddie Mac: 0.35% (60 or more days delinquent).

The MBA does not include construction and development loans in its numbers.

Download this story and other national news in the Watch List Newsletter,, a weekly pdf that includes leads of distressed properties and loans and other news items not found on the CoStar Group web news pages. Sign up for the Watch List E-Mail Alert. It's the quickest way to link directly to the news and leads you want. Just e-mail your name, title, company, company business, city, state, and e-mail address to Mark Heschmeyer

Mini Horse Farm in Nashville, TN area offered in ONLINE AUCTION

noreply@blogger.com (Premier Driver Network) — Fri, 27 Aug 2010 04:24:00 +0000

See the full gallery on posterous

Beginning at 12:00 Noon on Friday August 27, 2010 thru 12:00 Noon on September 7, 2010: 5017 Somerville Rd, Cross Plains, TN is available for ONLINE bidding. For a property preview and additional information about bidding on this 4BR 3.5BA Brick home on 5.56 acres near Nashville, TN go to http://exitauctionstn.com/?page_id=69 to get details.

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Bell Forge Cinemas Sells for $1.5M-New Islamic Center Coming to Davidson County

noreply@blogger.com (Premier Driver Network) — Thu, 26 Aug 2010 13:34:00 +0000

Martin Theaters Inc. sold the Bell Forge Cinemas in Antioch to the Islamic Center of Tennessee for $1.5 million, or about $33 per square foot. The new owner plans to completely redevelop the property, transforming it into an elaborate Islamic Center with prayer halls, classrooms and a swimming pool.

The 44,910-square-foot retail property was built in 1983 on eight acres of land.

Paul Gaither and James Morris of CB Richard Ellis represented the seller in the transaction, while the buyer was self-represented.

Royce Dugan Recommends an Article

noreply@blogger.com (Premier Driver Network) — Thu, 26 Aug 2010 02:25:00 +0000

This news article was recommended by Royce Dugan:

PENT-UP CAPITAL GENERATES 'FEROCIOUS' COMPETITION FOR CORE, DISTRESSED SHOPPING CENTERS

While still a far cry from the avalanche some predicted would hit the market a year ago, distressed shopping malls and strip centers have contributed to a marked increase in retail sale activity this year. At the same time, a rush by institutional investors to pick up quality core properties at the other end of the retail property spectrum has also...

-----------------------------------
CoStar Group, Inc.
2 Bethesda Metro Center, 10th Floor
Bethesda, Maryland 20814 USA
Tel: 800-204-5960
http://www.costar.com/

Posted via email from Exit Real Estate Commercial Solutions

Links for 2010-08-21 [del.icio.us]

Sun, 22 Aug 2010 00:00:00 PDT

Foxconn: Wage hike not reason for relocation
Will this shift disrupt the current Supply Chain? How will Logistics be affected by moves inland from port cities in China? Moving cargo in China accros provinces is much like moving between countries.

Great Nashville, TN (White House) area Country Home / Rental / Investment Property

noreply@blogger.com (Premier Driver Network) — Thu, 12 Aug 2010 17:55:00 +0000

White House, Tennessee, bedroom community for Nashville, TN. Country home close to the convienence of the city. 3 bed room 3 full bath home at a Fantastic value price. See http://bit.ly/9xpzJS For complete detail;s

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Port Tracker report calls for 15 percent annual volume increase and a new peak month - Article from Logistics Management

noreply@blogger.com (Premier Driver Network) — Wed, 11 Aug 2010 19:23:00 +0000

via logisticsmgmt.com

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Royce Dugan Recommends an Article

noreply@blogger.com (Premier Driver Network) — Mon, 02 Aug 2010 21:48:00 +0000

This news article was recommended by Royce Dugan:

STUDY FINDS COMMERCIAL RETROFITS COULD SAVE $41B ANNUALLY IN ENERGY COSTS

Although energy-efficient retrofitting of commercial buildings has the potential to return twice as much in savings to owners and tenants as they require in investments, interest in pursuing retrofits has remained relatively low, dampened by the financial constraints on building owners from the economic recession, and lack of available financing options...

Message from Royce Dugan:
Pricing pressure on commercial properties are causing owners to look at gains now available by reduced operating cost. Energy-efficient retrofitting of commercial buildings has the potential to return twice as much in savings to owners and tenants as they require in investments.

-----------------------------------
CoStar Group, Inc.
2 Bethesda Metro Center, 10th Floor
Bethesda, Maryland 20814 USA
Tel: 800-204-5960
http://www.costar.com/

Posted via email from Exit Real Estate Commercial Solutions

Links for 2010-06-26 [del.icio.us]

Sun, 27 Jun 2010 00:00:00 PDT

China…times they are a changin';!

Nashville and Davidson County have positive growth in Population and Job Growth according to IRS Study

noreply@blogger.com (Premier Driver Network) — Sat, 19 Jun 2010 20:00:00 +0000

Click the link below to see the Forbes Magazine article about the IRS study on population movement and per capita income shift. Very interesting interactive map.

http://www.forbes.com/2010/06/04/migration-moving-wealthy-interactive-counties-map.html?preload=47037

Sumner County gains in Population Moving Into the county

noreply@blogger.com (Premier Driver Network) — Sat, 19 Jun 2010 19:55:00 +0000

Click the link to see an interactive map that shows the population movement in and out of Sumner County and the per capita income of each. Interesting view of our local economy.

http://www.forbes.com/2010/06/04/migration-moving-wealthy-interactive-counties-map.html?preload=47165

Scarcity Premium Seen Driving Current Cap Rate Compression - CoStar Group

noreply@blogger.com (Premier Driver Network) — Thu, 06 May 2010 01:19:00 +0000

Scarcity Premium Seen Driving Current Cap Rate Compression

With Little Quality Office Product in Play, Investors Vying Sharply for Low Hanging Fruit

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By Mark Heschmeyer

May 5, 2010

Last year, capitalization rates on large office property sales rocketed from the mid-6 range to the mid-8 range. So far this year, cap rates have reversed course, falling back just as rapidly to mid-7 range. Under 'normal' conditions, this would imply that property values are increasing. So why isn't the commercial real estate industry elated?
Cap rates are a benchmark determined by dividing income by property value. Increasing cap rates typically imply that property values are falling. Last year, no one in commercial real estate doubted that the rapid rise in cap rates reflected an equal rapid decline in property values.
However, this year's decreasing cap rates, which would normally imply rising property values, are being viewed with some skepticism over whether they reflect a long-term trend in values, or simply a short term phenomenon.
According to Fred B. Córdova III, senior vice president / Investment Services Group for Colliers Asset Resolution Western regional team, the current cap rate phenomenon starts with that fact that there is two to three times more capital (debt and equity) in the market than there is product. That factor alone has pushed values up by 20% in three months, he said.
"There is a flight to quality NOI (net operating income) with a rational 'governor' that is price per square foot," Córdova said. "We are seeing some pricing here in Los Angeles (with cap rates) as low as 5% based on market rates. That said, there is a great deal of anxiety out there as to how far cap rates have fallen in the last six months. Foreign money is leading the charge."
According to Córdova, the current imbalance of available high quality office properties and the amount of capital seeking to invest in them has created what he calls a "scarcity premium."
"The market's fear/greed bipolar condition has created a scarcity premium that has pushed cap rates down by as much as 200 basis points, driven asset values up by 20%, for high quality, stabilized assets in submarkets with historically solid fundamentals in just three months," stated Córdova. "The only distressed properties that are coming to market are those with little hope of value recovery for the foreseeable future (more than three years). The most common examples of these are residential lots, followed by broken condo projects, apartments in markets with high unemployment and vacant unanchored retail properties. Neither the mini-bubble on the high end, nor the freeze on distressed asset transactions is sustainable."
Roy March, CEO of Eastdil Secured, also described the bifurcated activity in the current equity market focusing on either "trophy or trauma" assets.
"We began to see investors come off the sidelines in summer of 2009. After Labor Day, the depth of field for those bidders tripled, and we've seen it triple again in the first quarter," March said in comments during a panel discussion this week at DLA Piper's 2010 Global Real Estate Summit in Chicago.
The deepening pool of bidders has increased the certainty of closing deals, with due diligence and closing periods getting shorter. However, that is also putting upward pressure on pricing, he noted.
March echoed Córdova's view on the lack of quality assets coming to market producing a "scarcity premium."
"What we don't know is if this is a sugar high or whether we're going to see this as the new level of pricing," March said.
In the last few months, cap rates have tightened 100 - 150 basis points on the trophy deals relative to transactions focused on yield, he said.
"For non-stabilized assets, basis rules," March added. [Buyers] "are throwing away the yield calculation and looking at how much they're really buying it at, as a discount to either peak market or construction costs. That's drawing a lot of sellers back into the markets."
March said annualized sales volume is up 50% in 2010 versus 2009. Granted, the increase is more of a limbo than a high jump relative to 2009's dismal sales volume. But having said that, and looking at Eastdil's own transaction book as a market proxy, "we think [sales are] going to be at between 2003 and 2004 levels. We think it will be north of $75 billion in volume this year," March said.
March also said that projections for higher interest rates later this year are also driving the current market dynamic.
"There will be a big rush between now and the end of the year to get stuff to market and priced while interest rates are where they are. There's a lot of concern about interest rates going up post-election, and [sellers] want to take advantage of what they know today."
Robert Erlich, president of International Realty & Investment Inc. in Fairfax, VA, has been involved on both ends of deals involving 7% - 8% cap rates.
"I have been involved on two sales the last 11 months -- one as a seller of a multi tenant office building that sold at a 7% cap rate. I feel it sold for such a good price because it was a good location, it was where the buyer / user wanted to be and, with his lease in place, it was 100% leased and producing income. That was a $4.3 million sale," Erlich told CoStar Group. "The other property was a school that I purchased at a 8% cap rate and the reason I paid $7.625 million is that it is in a very good location and, it is 100% leased to a very strong educational tenant. I feel that the education industry is one of the few that have won the battle during the current economy."
However, Erlich does not believe the market has bottomed out for multi-tenant properties. "In this area there are still a lot of buildings that are in real trouble and losing tenants every day. (But,) "I do not think that buyers are getting too aggressive. I think competitive is a better word. There is just not a lot of quality product out there," Erlich said. "I do think that if you own quality, income producing product you are in the driver seat due to the shortage of solid product out there. I have been getting offers for some of our properties at a 6.5%-7% cap rate."
Outside of the "low hanging fruit," though, others in the industry believe negative fundamentals in the office markets are still ruling the office investment market.
David E. Thurston, director, NOIPG and Net Lease Group of Marcus & Millichap in Elmwood Park, NJ, said that the "sales that are closing that are driving the average cap rate to 7% -8% levels, are those that are in high demand and have multiple bidders, (namely) Class A properties in A locations."
Thurston added that if there were more buyers in the market - which there are not -- then more properties would be trading in the 10-12% cap range.
Scott D. Rabin, senior vice president of Edge Commercial LLC in Bethesda, MD, agreed.
"The volume of investment sales and time horizon is too short to see a real trend," Rabin said. "We need to see a sustained period (that is, four quarters or more) a higher volume of transactions before we can make a definitive conclusion. The spread is very thin between the cost of capital and the type of returns being accepted. Rents will need to rise and vacancy rates will need to fall for caps rates to hold on. I believe some buyers are being too aggressive but that most buyers are still seeking cap rates north of 8%."
What follows are additional comments from CoStar Group News readers regarding their take on the current office investment market.

via costar.com

Posted via web from Exit Real Estate Commercial Solutions

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Wed, 05 May 2010 00:00:00 PDT

REALTOR® Magazine-Daily News-Pending Home Sales on an Upswing

Hong Kong Skyline from The Star Walk

noreply@blogger.com (Premier Driver Network) — Tue, 04 May 2010 18:08:00 +0000

Hong Kong Harbor at night from the Star Walk.

Posted via web from Exit Real Estate Commercial Solutions

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Wed, 28 Apr 2010 00:00:00 PDT

An imminent threat to Western brand owners

ISM: Manufacturing jumps, inventories leap up

noreply@blogger.com (Premier Driver Network) — Fri, 02 Apr 2010 16:05:00 +0000

The Institute for Supply Management's latest monthly report shows another month of growth, fueled in part by an unusually big leap up in inventory levels.

Sean Murphy -- Supply Chain Management Review, 4/1/2010

A surge in inventories fueled a high growth rate in the manufacturing sector in March, ending the first quarter with a bang, according to the latest monthly report from the Institute for Supply Management (ISM).
According to Norbert Ore, chair of ISM's Manufacturing Business Survey Committee. The index the ISM uses to measure the sector, or PMI, hit 59.6 percent, up 3.1 points from February. This marks eight straight months of increase for the PMI, Ore said, placing the sector's overall health well into "growth" territory. Ore also said the current growth rate is the fastest since 2004.

Ore said the current PMI is impressive, considering the same index registered at 40.4, in contracting territory, at this time last year.
"That's a remarkable story of what's been happening over the past year," Ore said.
In addition, similar indices in Europe and other parts of the world also indicate growth, a sign, Ore said, that the recovery isn't just happening here at home.
"We have basically a reasonably good recovery in global manufacturing going," he said.
Ore said he expected to see the PMI going up, since the New Orders and Production indices got into the 60s in March, but what really surprised him, he said, was the Inventories index. After a 46-month period of liquidation, Ore said the index made a "most unusual" leap upward in March, going up 8 points to 55.3 percent.
"I think it's an indication that we really hit bottom in inventories," Ore said.
Not all the news was positive, but even the bad news, Ore said, wasn't all bad. Prices went up as much as inventories in March, rising eight points to 75 percent. Ore's report said that prices have remained above 50 percent, indicating growth, for the past nine months.
Still, Ore said the numbers are misleading, and not an indication of pending inflation. Many of the goods which have gone up in price the most, he said, were metals.
"I don't think it's a problem yet," he said.
The employment index dropped by a single point to 55.1 percent. Ore called that "noise in the data," and said it didn't mean that employment was about to take a dive. The index, he said, went up 6 points between January and February, and still remains in "growth" territory, despite losing a point in March.

NYTimes.com: Democrats to Watch on the Health Care Vote

noreply@blogger.com (Premier Driver Network) — Sun, 21 Mar 2010 14:55:00 +0000



Copyright 2010 The New York Times Company \| Privacy Policy

This page was sent to you by: royce@roycedugan.com
U.S. | March 16, 2010
Democrats to Watch on the Health Care Vote
A look at the Democrats who may decide the bill's fate.
It's not too late, call your Congressman to let them know how YOU feel on this important issue.

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Near-shoring back in style?

noreply@blogger.com (Premier Driver Network) — Wed, 17 Mar 2010 18:05:00 +0000

Life always rotates on an axis just like our planet. What goes around always comes back around, although in some cases it is very slow. I hope this is a trend.

Near-shoring back in style?: "Yesterday, the Wall Street Journal ran a story about how Caterpillar is con..."

SwiftPageEmail Subject: MANY THANKS!

noreply@blogger.com (Premier Driver Network) — Fri, 12 Mar 2010 22:31:00 +0000

via swiftpage5.com

EXIT Realty's build in Austin was a great success and we wish THANK YOU for your contribution to that success! https://www.swiftpage5.com/speasapage.aspx?X=2X0MWJG5HVALON8G00R4W3 Click the link for pictures. Thanks Again!! Royce

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REALTOR® Magazine-Daily News-IRS Clarifies What's Needed to Claim Tax Credit

noreply@blogger.com (Premier Driver Network) — Mon, 22 Feb 2010 17:17:00 +0000

Check out this website I found at realtor.org

IRS Clarifies What's Needed to Claim Tax Credit The Internal Revenue Service has clarified which documentation taxpayers need to submit to claim the first-time and move-up homebuyer tax credit. While the IRS is still requiring the filing of Form 5405, it is not demanding that all parties’ signatures be on the HUD-1 settlement document in areas where requiring both the buyer and the seller to sign the document isn’t common. The IRS clarification says: "In areas where signatures are not required on the settlement document, the IRS has clarified that it will accept a settlement statement if it is completed and valid according to local law. … The IRS encourages those buyers to sign the settlement statement prior to attaching it to the tax return.” For repeat buyers, the IRS is seeking documentation that home buyers have lived in the previous property for a consecutive five of the past eight years. Proof can include property tax records, home owner insurance records, or mortgage interest statements. Source: Washington Post (02/20/2010) Read More Could the Tax Credit Be Extended Again? The Basics to the Extended Homebuyer Tax Credit Browse all of today's news

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Jackson Nance sings Journey at age 9

noreply@blogger.com (Premier Driver Network) — Sat, 20 Feb 2010 06:30:00 +0000

Jackson Nance is 10 now and has been singing a year since this audition tape was taped. Thake a look and forward to your friends. We are trying to help Jackson get 1,000,000 views of his youtube audition!! Follow the link below to see Jackson sing When the “Lights go Down in the City”

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Haiti earthquake: Florida prepares in case victims of quake start arriving - OrlandoSentinel.com

noreply@blogger.com (Premier Driver Network) — Tue, 19 Jan 2010 00:43:00 +0000

Haiti earthquake: Florida prepares in case victims of quake start arriving - OrlandoSentinel.com

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Polling Real Estate Opinions

noreply@blogger.com (Premier Driver Network) — Mon, 18 Jan 2010 00:02:00 +0000

Last year in January I posted a poll on LinkedIn. The question was when you expected the real estate market to rebound. Click this link to see the results of the 2009 poll http://polls.linkedin.com/poll-results/18546/dmeaw . Most respondents believed the real estate market would rebound in the 1st quarter of 2010! Well here we are, its the 1st quarter of 2010 and now it is time to see if our poll was accurate.

I have posed another poll on LinkedIn to ask the question;

Will you purchase real estate in 2010?

You can go to http://polls.linkedin.com/p/74009/uiudw to cast your vote! Please give us your response and ask your friends to vote as well.

New Lakefront Custom Home in Private Golf Community For Sale / Lease / Lease Purchase

noreply@blogger.com (Premier Driver Network) — Sun, 10 Jan 2010 07:14:00 +0000

Adams Lake Construction in Gallatin, TN is offering a 5771 sq ft CUSTOM BUILT Lake home on Old Hickory Lake. This home not only has the 22,000 acre Old Hickory Lake in the back yard, but it also offers 2 beautiful on site private 18 hole golf courses. Click the link below for complete details.

http://www.roycedugan.com/Gallatin/Tennessee/Homes/Gallatin/Agent/Listing_1000908790.html

Posted via web from Exit Real Estate Commercial Solutions

Tim McGraw Ropes Decade’s Most Played Single - ArtsBeat Blog - NYTimes.com

noreply@blogger.com (Premier Driver Network) — Tue, 29 Dec 2009 12:05:00 +0000

December 22, 2009, 5:29 pm — Updated: 11:38 am -->
Tim McGraw Ropes Decade’s Most Played Single

By BEN SISARIO

Rahav Segev for The New York Times Tim McGraw on tour in 2006.

What’s the most popular song of the decade? There are plenty of ways to measure it — CD sales, paid downloads, unauthorized downloads. But perhaps the most tried and true is radio play.

Based on data from Nielsen BDSradio, which monitors radio stations throughout the United States, the most-played song on any station from Jan. 1, 2000, to Dec. 17, 2009, was Tim McGraw’s “Something Like That,” released in 1999. It received 487,343 spins, beating out the most popular song on Top 40 radio, Usher’s “Yeah!,” from 2004, by a fair margin. “Yeah!,” featuring Ludacris and Lil Jon, has been spun 416,267 times.

Other high-spinning tracks include Train’s “Drops of Jupiter (Tell Me)” (2001), which topped the Hot AC (as in adult contemporary) format, with 338,749; Papa Roach’s “Last Resort” (2000), the most popular on alternative stations with 221,767 spins; “Low,” Flo Rida’s song from 2007 featuring T-Pain, which was the most popular on the rhythmic format with 206,864 spins.

“Low” has also had the most paid downloads of any song this decade, with 5.2 million, as registered by another Nielsen branch, SoundScan.

A complete list of the most frequently played songs in each genre appears below:

Country: “Something Like That” (1999) by Tim McGraw, 487,343 spins
Top 40/contemporary hit radio: “Yeah!” (2004) by Usher, featuring Ludacris and Lil Jon, 416,267 spins
Hot AC: “Drops of Jupiter (Tell Me)” (2001) by Train, 338,749 spins
Alternative: “Last Resort” (2000) by Papa Roach, 221,767 spins
Rhythmic: “Low” (2007) by Flo Rida, 206,864 spins
Album rock: “It’s Been Awhile” (2001) by Staind, 189,195 spins
Urban: “Drop It Like It’s Hot” (2004) by Snoop Dogg, featuring Pharrell, 169,511 spins
Urban AC: “Think About You” (2003) by Luther Vandross, 147,818 spins
Gospel: “Never Would Have Made It” (2007) by Marvin Sapp, 92,603 spins
Smooth jazz: “Pacific Coast Highway” (2005) by Nils, 29,328 spins

via artsbeat.blogs.nytimes.com

Congratulations Tim McGraw!!! Way to go Nashville Country!

Posted via web from Exit Real Estate Commercial Solutions

Here comes EXIT Realty's 13th Habitat build!

noreply@blogger.com (Premier Driver Network) — Thu, 24 Dec 2009 20:05:00 +0000

Right behind the Austin, TX build, here comes number 13 in Orlando, FL. Contact your local EXiT Realty office to support these volunteers in their work for their communities.

Posted via web from Exit Real Estate Commercial Solutions

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Wed, 28 Oct 2009 00:00:00 PDT

Apollo strips $1.9 bln costs from companies-letter
* Apollo strips costs out of portfolio companies - letter * Portfolio companies control over $10 bln of their debt * Apollo has invested $9 bln since start of Q2 2008 * Latest fund valued at 120 pct of cost By Megan Davies NEW YORK, Oct 23...

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Fri, 23 Oct 2009 00:00:00 PDT

Real Estate Insights

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Sat, 05 Sep 2009 00:00:00 PDT

The problem with positive thinking