Demographic Profiles for 2010 Homebuyers of Second Homes & Investment Properties

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Posted on in Housing Market

Demographic Profiles for 2010 Homebuyers of Second Homes & Investment Properties

The National Association of Realtors conducted a survey last year to collect demographic profiles of Investment & Vacation home buyers. While Summit County medians are higher, the statistics do provide some insight into what the national picture looks like for this market segment. Vacation Home Buyers Median age: 46 Median income: $87,500 Median distance from primary residence: 348 miles Median sale price in 2009: $276,000 Vacation homebuyers were most likely to purchase property in a rural area, small town or resort.  They plan to keep the property for an average of 16 years. Investment Property Buyers Median age: 45 Median income $87,200 Median distance from primary residence: 24 miles Median sale price in 2009: $105,000 Investment buyers were most likely to purchase proeprty in metropolitan areas. They plan to hold it for 12 years. Source:  2010 National Association of Realtors Investment and Vacation Home Buyer Survey.

by jberman
Posted on in General

JB Group Weekly Tweet Recap for 2011-02-13

Robert Shiller on "Housing Bubbles Are Few and Far Between" – http://ow.ly/3RsCq # Housing Finance Reform Assumptions Refuted by Congressman Garrett http://ow.ly/1be6ah # Fate of Housing Finance Poses Risk to Broader Economic Recovery: Lacker http://ow.ly/1bfaWU # [mortgage peeps] NAMB trying to gather consensus on the Federal Reserve Board Originator Compensation Rule – http://ow.ly/3Twxb # Fed Study: Add Bankruptcy Reform to List of Foreclosure Triggers http://ow.ly/1bgfqV # GSE White Paper Outline Leaked. No Surprises Shared – Reuters has shared a sneak peek at the Obama Administration's … http://ow.ly/1bhjEe # Risk Retention Reform is Top Priority. White Paper Winners and Losers http://ow.ly/1bilqu #

by jberman
Posted on in General

JB Group Weekly Tweet Recap for 2011-02-06

RT @mortgageporter: RT @CNBCVideo: Residential Renters on the Rise http://bit.ly/fd9PsD $$ #RealEstate #Uscall # Homeownership Rate Hits 10 Year Low. Watch Out for Rent Inflation http://ow.ly/1b7pKr # Don't call it a comeback – Nearly 11 Percent of US Houses Empty – (CNBC) http://ow.ly/3NJRp # Banks See Value in Owning Mortgages.Time to Jumpstart Non-Agency Lending http://ow.ly/1b8skq # Mojitos: A new approach to selling property online – Well written post from S. Africa featuring @Ines by @DavidGibbons. http://ow.ly/3Pggd # Fed Defers Another Mortgage Reform. Originator Comp. on Schedule http://ow.ly/1b9vvJ # FHFA Rule Eliminates Private Transfer Fees – The Federal Housing Finance Agency (FHFA) has issued proposed rules reg… http://ow.ly/1bazOg #

by jberman
Posted on in General

JB Group Weekly Tweet Recap for 2011-01-30

http://fb.me/zmMerQoO # Should you Rent or Buy? 1st interesting data visualization from Movity acquisition. (via @trulia) http://ow.ly/3JeTr # AEI: Housing Market Can Function Without Government Support – The American Enterprise Institute has come forward wit… http://ow.ly/1b0N8j # Home Prices Stuck in Negative Feedback Loop. Would You Buy? – It looks increasingly more likely that the country may… http://ow.ly/1b1NZ7 # MBA Outlines Regulatory and Legislative Priorities for 2011 – In a press release and a conference call on Wednesday … http://ow.ly/1b2QgV # GSE Reform: "A Responsible Market for Housing Finance" – Another party, this time from the progressive side of the d… http://ow.ly/1b3ULf # Reuters Poll: Housing Bottom Seen in Mid-2011 – This week we discussed the outlook for home prices and shared persp… http://ow.ly/1b4Zod #

by jberman
Posted on in Technology

Visualize Your Network with InMaps – LinkedIn Labs

InMaps from LinkedIn Labs (via Lifehacker) is a really interesting data visualization tool. Upon sign up, the engine does it’s magic and then asks the user to determine the relevance of each color pool. I spent a few minutes on one and posted the example below. The most interesting aspect of this map was being able to click on various dots and revealing how people within my network are connected to each other. It’s the first time I’ve seen a visualization that makes a graphical representation of my 2nd degree network.

by jberman
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