LIEB BLOG

Legal Analysts

Sunday, March 24, 2013

More Positive Housing Data in the News

In Saturday's New York Times, Floyd Norris, wrote an article entitled Off the Charts, Housing, Ailing for Years, Starts to Recuperate. The article addresses a Census Bureau report that single-family housing starts rose to the highlest level seen since 2008, which is terrific news especially when reflecting on the Great Recession and where the real etate industry has been during the last few years when every other sector started to show a rebound.

To visit the Census Bureau's website on New Residential Construction data, click here. This website is a great resource for Real Estate Professionals because you can analyze data from permits filed all the way through the characteristics of new homes such as the number of bathrooms to the number of fireplaces to even the materials of secondary walls. It also provides data on the all important topic of housing financing.

Yet, back to the article, the key for Real Estate Professionals should move away from the quantitive numbers or illustrative charts, both of which are important, but instead the focus should be that there is just another news article talking positvely about housing. This is particularly important to Real Estate Professionals because housing purchases, new construction and rennovations all deal with trends and emotion. The talk is positive - lets go ride the wave with positive energy and keep housing moving up.

Monday, March 18, 2013

Storm Front CE - LICREE - Links from Course

Last week, at the Long Island Commercial Real Estate Expo, we presented our course Storm Front to a packed room of real estate professionals.

Some students asked that I share the links from the Powerpoint Deck future reference.

So, here goes:

1) Participating Community List for National Flood Insurance Program (NFIP) can be found by clicking here
2) NFIP Summary of Coverage can be found by clicking here
3) Cost of Flooding can be found by clicking here
4) 2010 Annual Performance Report of Industrial Development Agencies (IDAs) can be found by clicking here
5) FEMA's Building Science & Rebuilding Building Code Resources can be found by clicking here

For all those who attended, I hope you enjoyed the class and the Expo. We, at Lieb School, had a terrific time and were glad to participate.

Housing Analysts are Bullish - 8% Rise Expected in Home Prices

4 Important Data Points will be out this week according to Mamta Badkar at Business Insider supporting the rise in Housing!

To read the article, "There Are 4 Big Pieces of Housing Data Coming Out This Week", click here.

This is fabulous news for all Real Estate Professionals. With the rebound in housing, more transactions, new builds and investment in everything real estate will be occurring.

Lets get ready to finally ride the wave up in housing and compound this positive data with a lot of hustle and hard work to keep the momentum going.