Thursday, September 23, 2010
Tuesday, September 21, 2010
The First Night of Fall
The wife fell asleep on the couch hours ago. Ive been on the ipad and laptop ever since. She must be so tired. The tv is on and shes sleepin right through it. Worked my booty off today. Tons of paperwork. Lots of submitting. Went by Marina Grande for a showing today. Its such a beautiful condo. The units in there used to go for up to 800,000. Now they are going in the 130,000 range. Bank Owned property. Gods gift to the new age, the reason I love my job.
I rocked it in fantasy football this week. 170 something points. I actually have a pretty good team this season. Peyton Manning is my quarterback, leading my team to victory 2 weeks in a row. Im in the league with the whole crew from my wedding that we had on the Carnival cruise, Imagination. Its quite a bit of fun actuallty. I highly recommend it, if you have the time.
Wifey is up and asking to go to bed. Good night all. See yall soon.
I rocked it in fantasy football this week. 170 something points. I actually have a pretty good team this season. Peyton Manning is my quarterback, leading my team to victory 2 weeks in a row. Im in the league with the whole crew from my wedding that we had on the Carnival cruise, Imagination. Its quite a bit of fun actuallty. I highly recommend it, if you have the time.
Wifey is up and asking to go to bed. Good night all. See yall soon.
Saturday, September 18, 2010
Realty Times - Daytona Beach, Florida Real Estate Market Conditions
Existing-Home Sales Slow in June but Remain Above Year-Ago Levels
With the scheduled closing deadline for the home buyer tax credits, existing-home sales slowed in June but remained at relatively elevated levels, according to the National Association of REALTORS®.
Existing-home sales, which are completed transactions that include single-family, townhomes, condominiums and co-ops, fell 5.1 percent to a seasonally adjusted annual rate of 5.37 million units in June from 5.66 million in May, but are 9.8 percent higher than the 4.89 million-unit pace in June 2009.
Lawrence Yun, NAR chief economist, said the market shows uncharacteristic yet understandable swings as buyers responded to the tax credits. "June home sales still reflect a tax credit impact with some sales not closed due to delays, which will show up in the next two months," he said.
"Broadly speaking, sales closed after the home buyer tax credit will be significantly lower compared to the credit-induced spring surge. Only when jobs are created at a sufficient pace will home sales return to sustainable healthy levels."
According to Freddie Mac, the national average commitment rate for a 30-year, conventional, fixed-rate mortgage fell to a record low 4.74 percent in June from 4.89 percent in May; the rate was 5.42 percent in June 2009.
The national median existing-home price for all housing types was $183,700 in June, which is 1.0 percent higher than a year ago. Distressed homes were at 32 percent of sales last month, compared with 31 percent in May; it was also 31 percent in June 2009.
NAR President Vicki Cox Golder, owner of Vicki L. Cox & Associates in Tucson, Ariz., said softer home sales expected this summer don't tell the whole story. "Despite these market swings, total annual home sales are rising above 2009 and we're looking for overall gains again this year as well as in 2011," she said. "Conditions have become more balanced in much of the country, which is good for both buyers and sellers. However, consumers find it even more challenging to navigate the transaction process, especially for distressed properties, which only underscores the value REALTORS® bring to buyers and sellers in this market."
A parallel NAR practitioner survey shows first-time buyers purchased 43 percent of homes in June, down from 46 percent in May. Investors accounted for 13 percent of sales in June, little changed from 14 percent in May; the remaining purchases were by repeat buyers. All-cash sales were at 24 percent in June compared with 25 percent in May.
Total housing inventory at the end of June rose 2.5 percent to 3.99 million existing homes available for sale, which represents an 8.9-month supply at the current sales pace, up from an 8.3-month supply in May.
"The supply of homes on the market is higher than we'd like to see. But home prices are still holding their ground because prices had already overcorrected in many local markets," Yun said. Raw unsold inventory remains 12.7 percent below the record of 4.58 million in July 2008.
Single-family home sales fell 5.6 percent to a seasonally adjusted annual rate of 4.70 million in June from a level of 4.98 million in May, but are 8.5 percent above the 4.33 million pace in June 2009. The median existing single-family home price was $184,200 in June, up 1.3 percent from a year ago.
Single-family median existing-home prices were higher in 10 out of 19 metropolitan statistical areas reported in June in comparison with June 2009. In addition, existing single-family home sales rose in 12 of the 19 areas from a year ago while two were unchanged.
Existing condominium and co-op sales slipped 1.5 percent to a seasonally adjusted annual rate of 670,000 in June from 680,000 in May, but are 20.5 percent higher than the 556,000-unit pace in June 2009. The median existing condo price was $180,100 in June, which is 1.4 percent below a year ago.
Regionally, existing-home sales in the Northeast rose 7.9 percent to an annual level of 960,000 in June and are 17.1 percent above June 2009. The median price in the Northeast was $244,300, down 1.2 percent from a year ago.
Existing-home sales in the Midwest dropped 7.5 percent in June to a pace of 1.23 million but are 11.8 percent higher than a year ago. The median price in the Midwest was $155,900, down 0.1 percent from June 2009.
In the South, existing-home sales fell 6.5 percent to an annual level of 2.01 million in June but are 11.0 percent above June 2009. The median price in the South was $163,600, unchanged from a year ago.
Existing-home sales in the West dropped 9.3 percent to an annual pace of 1.17 million in June but are 0.9 percent higher than a year ago. The median price in the West was $221,800, up 1.5 percent from June 2009.
The National Association of REALTORS®, "The Voice for Real Estate," is America's largest trade association, representing more than 1.2 million members involved in all aspects of the residential and commercial real estate industries.
Realty Times - Daytona Beach, Florida Real Estate Market Conditions
With the scheduled closing deadline for the home buyer tax credits, existing-home sales slowed in June but remained at relatively elevated levels, according to the National Association of REALTORS®.
Existing-home sales, which are completed transactions that include single-family, townhomes, condominiums and co-ops, fell 5.1 percent to a seasonally adjusted annual rate of 5.37 million units in June from 5.66 million in May, but are 9.8 percent higher than the 4.89 million-unit pace in June 2009.
Lawrence Yun, NAR chief economist, said the market shows uncharacteristic yet understandable swings as buyers responded to the tax credits. "June home sales still reflect a tax credit impact with some sales not closed due to delays, which will show up in the next two months," he said.
"Broadly speaking, sales closed after the home buyer tax credit will be significantly lower compared to the credit-induced spring surge. Only when jobs are created at a sufficient pace will home sales return to sustainable healthy levels."
According to Freddie Mac, the national average commitment rate for a 30-year, conventional, fixed-rate mortgage fell to a record low 4.74 percent in June from 4.89 percent in May; the rate was 5.42 percent in June 2009.
The national median existing-home price for all housing types was $183,700 in June, which is 1.0 percent higher than a year ago. Distressed homes were at 32 percent of sales last month, compared with 31 percent in May; it was also 31 percent in June 2009.
NAR President Vicki Cox Golder, owner of Vicki L. Cox & Associates in Tucson, Ariz., said softer home sales expected this summer don't tell the whole story. "Despite these market swings, total annual home sales are rising above 2009 and we're looking for overall gains again this year as well as in 2011," she said. "Conditions have become more balanced in much of the country, which is good for both buyers and sellers. However, consumers find it even more challenging to navigate the transaction process, especially for distressed properties, which only underscores the value REALTORS® bring to buyers and sellers in this market."
A parallel NAR practitioner survey shows first-time buyers purchased 43 percent of homes in June, down from 46 percent in May. Investors accounted for 13 percent of sales in June, little changed from 14 percent in May; the remaining purchases were by repeat buyers. All-cash sales were at 24 percent in June compared with 25 percent in May.
Total housing inventory at the end of June rose 2.5 percent to 3.99 million existing homes available for sale, which represents an 8.9-month supply at the current sales pace, up from an 8.3-month supply in May.
"The supply of homes on the market is higher than we'd like to see. But home prices are still holding their ground because prices had already overcorrected in many local markets," Yun said. Raw unsold inventory remains 12.7 percent below the record of 4.58 million in July 2008.
Single-family home sales fell 5.6 percent to a seasonally adjusted annual rate of 4.70 million in June from a level of 4.98 million in May, but are 8.5 percent above the 4.33 million pace in June 2009. The median existing single-family home price was $184,200 in June, up 1.3 percent from a year ago.
Single-family median existing-home prices were higher in 10 out of 19 metropolitan statistical areas reported in June in comparison with June 2009. In addition, existing single-family home sales rose in 12 of the 19 areas from a year ago while two were unchanged.
Existing condominium and co-op sales slipped 1.5 percent to a seasonally adjusted annual rate of 670,000 in June from 680,000 in May, but are 20.5 percent higher than the 556,000-unit pace in June 2009. The median existing condo price was $180,100 in June, which is 1.4 percent below a year ago.
Regionally, existing-home sales in the Northeast rose 7.9 percent to an annual level of 960,000 in June and are 17.1 percent above June 2009. The median price in the Northeast was $244,300, down 1.2 percent from a year ago.
Existing-home sales in the Midwest dropped 7.5 percent in June to a pace of 1.23 million but are 11.8 percent higher than a year ago. The median price in the Midwest was $155,900, down 0.1 percent from June 2009.
In the South, existing-home sales fell 6.5 percent to an annual level of 2.01 million in June but are 11.0 percent above June 2009. The median price in the South was $163,600, unchanged from a year ago.
Existing-home sales in the West dropped 9.3 percent to an annual pace of 1.17 million in June but are 0.9 percent higher than a year ago. The median price in the West was $221,800, up 1.5 percent from June 2009.
The National Association of REALTORS®, "The Voice for Real Estate," is America's largest trade association, representing more than 1.2 million members involved in all aspects of the residential and commercial real estate industries.
Realty Times - Daytona Beach, Florida Real Estate Market Conditions
Thursday, September 2, 2010
Dino's Bio
You guys have been hearing from me, here is a little about me..
Dino Dodani
Title: REALTOR
Phone: 386-679-0888
Email: Dino@ExitRealtyofDaytona.com
Through a deep-rooted inherent affection for Florida, Dino Dodani has nourished a lifelong connection to real estate in his hometown of Daytona Beach. Born and raised in Daytona Beach, Dino’s essence revolves around an absolute and authentic connection to the community and it’s surrounding areas. Exposure to real estate comes artlessly to Dino as he was born into a family of knowledgeable property investors. Dino’s father, Archie Dodani, upon arriving to the United States in 1970 began to invest in prime property locations. Thus, Dino’s passion for real estate has developed through these means. Subsequent to mastering gemology at The Gemological Institute of America in Santa Monica, California, Dino established and managed his own jewelry business in Ketchikan, Alaska for ten years. This experience in high volume sales and client relations allowed Dino to effortlessly integrate into the value conscious world of real estate. He recognizes that like jewelry, real estate, is a commodity whose value is determined based on distinct investor needs. Dino’s desire to invest in each of his client relationships allows him to arbitrate on his client’s behalf for the hidden gems on the market.
Dino Dodani
Title: REALTOR
Phone: 386-679-0888
Email: Dino@ExitRealtyofDaytona.com
Through a deep-rooted inherent affection for Florida, Dino Dodani has nourished a lifelong connection to real estate in his hometown of Daytona Beach. Born and raised in Daytona Beach, Dino’s essence revolves around an absolute and authentic connection to the community and it’s surrounding areas. Exposure to real estate comes artlessly to Dino as he was born into a family of knowledgeable property investors. Dino’s father, Archie Dodani, upon arriving to the United States in 1970 began to invest in prime property locations. Thus, Dino’s passion for real estate has developed through these means. Subsequent to mastering gemology at The Gemological Institute of America in Santa Monica, California, Dino established and managed his own jewelry business in Ketchikan, Alaska for ten years. This experience in high volume sales and client relations allowed Dino to effortlessly integrate into the value conscious world of real estate. He recognizes that like jewelry, real estate, is a commodity whose value is determined based on distinct investor needs. Dino’s desire to invest in each of his client relationships allows him to arbitrate on his client’s behalf for the hidden gems on the market.
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