A Real Estate Agent and friend had this graph on his site at....
http://www.johnlscott.com/agentdetail.aspx?UA=1&ic=200000821
thanks Steve, Larry
Showing posts with label pierce county. Show all posts
Showing posts with label pierce county. Show all posts
Tuesday, March 6, 2012
Home Sales in Pierce County, WA
A Real Estate Agent and friend had this graph on his site at....
http://www.johnlscott.com/agentdetail.aspx?UA=1&ic=200000821
thanks Steve, Larry
Sunday, November 13, 2011
HOUSING Markets _ BEST Recovery bets
tacoma, washington
Here's what CNN Money projects the top 10 markets to be.
Read more at ..... http://money.cnn.com/galleries/2011/real_estate/1102/gallery.best_recovery_bets/index.html
Median home price: $240,000
After living in this area for 50 years, I agree completely.
Special thanks to CNN's Les Christie, the Author of the article.
Larry Tutino
Here's what CNN Money projects the top 10 markets to be.
Read more at ..... http://money.cnn.com/galleries/2011/real_estate/1102/gallery.best_recovery_bets/index.html
Median home price: $240,000
Drop since market peak: 27.9%
Forecast gain by 9/2012: 11.8%After living in this area for 50 years, I agree completely.
Special thanks to CNN's Les Christie, the Author of the article.
Larry Tutino
Wednesday, April 27, 2011
MULTI-FAMILY DOING GREAT !!!
Multi-Family in Pierce County (Tacoma) is Flying High....
• One of the region’s strongest rental markets. Per Dupre+Scott, the vacancy rate is 4.47
percent and 5-year average rent growth of 5.4 percent.
percent and 5-year average rent growth of 5.4 percent.
• Diminishing supply of new multifamily construction within the Puget Sound region.
Approximately 2,500 units are planned in 2009 and only 3,000 existing within the Pierce
County submarket. Due to an active condo
Pierce County is definitely the place to INVEST in MULTI-FAMILY....
For more info contact Larry Tutino. Just click on on the website TAB or
email me anytime at....... sellorbuyland@gmail.com
AFFORDABLE RENTALS HARD TO FIND...
Affordable rentals hard to find
A record number of renters are spending more than half their income on housing, according to a report released Tuesday by the Harvard Joint Center for Housing Studies. One in four renters -- or about 10.1 million households -- spend half their paychecks on rent and utilities, the study found. Another 26.2% spent between 30% and 50% of their income on housing. This is due in large part to rising housing costs and weak income gains. The center defines "affordable" as less than 30% of household income. Though most renters are low-income, more middle-income renters are feeling the pinch, too.
One in five of those in middle-income quintile are paying between 30% and 50% of their pay in rent, up from 9% a decade ago. The middle-income quintile are those making between $42,000 and $62,900. The number of renters is also expanding as the housing crisis drove many people out of their homes and prevented others from securing mortgages to buy houses. An additional four million people were renting in 2010, compared to 2005, Belsky said. Making matters worse, the supply of affordable rental housing has been shrinking. Nearly 12% of low-cost market-rate rentals that existed in 1999 were demolished or lost from the housing stock by 2009. And there is little new multi-family buildings being built in the wake of the housing crisis.
A record number of renters are spending more than half their income on housing, according to a report released Tuesday by the Harvard Joint Center for Housing Studies. One in four renters -- or about 10.1 million households -- spend half their paychecks on rent and utilities, the study found. Another 26.2% spent between 30% and 50% of their income on housing. This is due in large part to rising housing costs and weak income gains. The center defines "affordable" as less than 30% of household income. Though most renters are low-income, more middle-income renters are feeling the pinch, too.
One in five of those in middle-income quintile are paying between 30% and 50% of their pay in rent, up from 9% a decade ago. The middle-income quintile are those making between $42,000 and $62,900. The number of renters is also expanding as the housing crisis drove many people out of their homes and prevented others from securing mortgages to buy houses. An additional four million people were renting in 2010, compared to 2005, Belsky said. Making matters worse, the supply of affordable rental housing has been shrinking. Nearly 12% of low-cost market-rate rentals that existed in 1999 were demolished or lost from the housing stock by 2009. And there is little new multi-family buildings being built in the wake of the housing crisis.
Smart Real Estate News & Commentary by Chris McLaughlin April 27, 2011
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