Comments
yourfanat wrote: I am using another tool for Oracle developers - dbForge Studio for Oracle. This IDE has lots of usefull features, among them: oracle designer, code competion and formatter, query builder, debugger, profiler, erxport/import, reports and many others. The latest version supports Oracle 12C. More information here.

2008 West
DIAMOND SPONSOR:
Data Direct
SOA, WOA and Cloud Computing: The New Frontier for Data Services
PLATINUM SPONSORS:
Red Hat
The Opening of Virtualization
GOLD SPONSORS:
Appsense
User Environment Management – The Third Layer of the Desktop
Cordys
Cloud Computing for Business Agility
EMC
CMIS: A Multi-Vendor Proposal for a Service-Based Content Management Interoperability Standard
Freedom OSS
Practical SOA” Max Yankelevich
Intel
Architecting an Enterprise Service Router (ESR) – A Cost-Effective Way to Scale SOA Across the Enterprise
Sensedia
Return on Assests: Bringing Visibility to your SOA Strategy
Symantec
Managing Hybrid Endpoint Environments
VMWare
Game-Changing Technology for Enterprise Clouds and Applications
Click For 2008 West
Event Webcasts

2008 West
PLATINUM SPONSORS:
Appcelerator
Get ‘Rich’ Quick: Rapid Prototyping for RIA with ZERO Server Code
Keynote Systems
Designing for and Managing Performance in the New Frontier of Rich Internet Applications
GOLD SPONSORS:
ICEsoft
How Can AJAX Improve Homeland Security?
Isomorphic
Beyond Widgets: What a RIA Platform Should Offer
Oracle
REAs: Rich Enterprise Applications
Click For 2008 Event Webcasts
SYS-CON.TV
Today's Top SOA Links


Sales, Prices Remain Higher than 2011
Very Low Inventory Impacts Sales

DENVER, Nov. 15, 2012 /PRNewswire/ -- October saw a continuation of the trend throughout the year, with both home prices and home sales rising above the levels seen one year ago.  In the October RE/MAX National Housing report, a survey of MLS data in 52 metropolitan areas, closed transactions increased 17.8% over October 2011. The Median Home Price rose 2.1% higher than the median seen last October, representing the ninth month in a row that prices have been higher than the same month last year.  The falling Inventory is a significant concern in many markets.  The number of homes for sale in October was 28.9% lower than last October.  This has caused prices to rise, but also presents a serious challenge for many homebuyers. Multiple offers and some bidding wars have occurred in markets where inventory is sharply lower. 

"As we enter the fourth quarter, 2012 is looking like the turn-around year for housing, with significant increases in sales and prices," said Margaret Kelly, CEO of RE/MAX, LLC.  "However, we recognize that this recovery is still fragile and dependent on more reasonable lending and regulation. If qualified buyers can obtain mortgages and more inventory comes to market, this recovery could become even stronger next spring."

Transactions – Year-Over-Year Change

The October RE/MAX National Housing Report shows that home sales were 17.8% higher than October 2011.  This represents the sixteenth month in a row when sales were higher than the same month in the previous year.   Sales were also 5.4% higher than the previous month, which is an impressive performance since seasonal patterns typically see a slight drop from September to October.  Of the 52 metro areas surveyed in October, 48  saw higher sales than one year ago and a record 40 saw double digit increases including: Providence, RI +48.0%, Chicago, IL +44.0%,  Albuquerque, NM +39.3%, Burlington, VT +37.0%,   Wichita, KS +32.2%, Nashville, TN +31.5% and Charlotte, NC  +31.3%. 

Median Sales Price

$158,900 was the median price of all homes sold in October.  This represents a 3.7% drop from the median price in September, but a 2.1% increase from October 2011. October is the ninth consecutive month with higher prices than the same time last year. Prices are now following a traditional trend of dropping lower in the Fall and Winter, after a peak in June. However, prices remain higher than the same month in 2011. Of the 52 metro areas surveyed for the October RE/MAX National Housing Report, a significant 92% or 48 metros reported higher prices than last year, with 18 seeing double-digit gains including: Phoenix, AZ +33.9%,  San Francisco, CA +31.2%,  Detroit, MI +26.3%,  Boise, ID +24.7%, Miami, FL +22.0%,  Seattle, WA +16.9%,  and Tampa, FL +16.5%.

Days on Market – Average of 53 Metro Areas

The average Days on Market for homes sold in October was 82.  This is just one day higher than the 81 day average in September, but 13 days less than the average of 95 seen last October.  October represents the fifth time in the past 12 months that a Days on Market average was below 90, and it was the second lowest average since June 2010.  The Days on Market average continues to fall in many markets due to very low inventory.   Days on Market is the number of days between first being listed in an MLS and when a sales contract is signed. 

Months Supply of Inventory – Average of 54 Metro Areas

In October, the number of homes for sale fell 6.3% from September and 28.9% from inventory levels seen in October 2011. Month-to-month inventories have now fallen for 28 consecutive months.  Rising prices are a result of sharply declining inventories, but a low inventory also results in fewer closed transactions.  With the rate of sales in October, the average Months Supply was 5.2, two and a half months lower than the 7.7 average in October 2011.  A low Months Supply continues to be seen in cities like San Francisco, CA  1.1,  Los Angeles, CA  1.5,  Orlando, FL  2.4, Denver, CO  2.4,  Washington, DC  2.5,  Seattle, WA 2.6, San Diego, CA 2.7, Detroit, MI  2.7 and Miami, FL 2.8.

About the RE/MAX Network:
RE/MAX was founded in 1973 by Dave and Gail Liniger, real estate industry visionaries who still lead the Denver-based global franchisor today. RE/MAX is recognized as a leading real estate franchisor with the most productive sales force in the industry and a global reach of more than 85 countries. With a passion for the communities in which its agents live and work, RE/MAX is proud to have raised more than $120 million for Children's Miracle Network Hospitals, Susan G. Komen for the Cure® and other charities. Nobody in the world sells more real estate than RE/MAX. Please visit www.remax.com or www.joinremax.com.

Description
The RE/MAX National Housing Report is distributed each month on or about the 15th. The first Report was distributed in August 2008. The Report is based on MLS data in approximately 52 metropolitan areas, includes all residential property types, and is not annualized. For maximum representation, many of the largest metro areas in the country are represented, and an attempt is made to include at least one metro from each state. Metro area definitions include the specific counties established by the U.S. Government's Office of Management and Budget, with some exceptions.

Definitions
Transactions are the total number of closed residential transactions during the given month.  Month's Supply of Inventory is the total number of residential properties listed for sale at the end of the month (active inventory) divided by the number of sales contracts signed (pended) during the month.  Where "pended" data is unavailable, this calculation is made using closed transactions.  Days on Market is the number of days that pass from the time a property is listed until the property goes under contract for all residential properties sold during the month. Median Sales Price is the median price of all residential properties sold during the month.

MLS data is provided by contracted data aggregators, RE/MAX brokerages and regional offices. While MLS data is believed to be accurate, it cannot be guaranteed.  MLS data is constantly being updated, making any analysis a snapshot at a particular time.  Every month the RE/MAX National Housing Report re-calculates the previous period's data to ensure accuracy over time.  All raw data remains the intellectual property of each local MLS organization.

SOURCE RE/MAX

About PR Newswire
Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Web 2.0 Latest News
For retailers everywhere, it’s a challenging new day. Security threats are a constant – both inside their four walls and out. The big security breaches we hear about on the news; the smaller ones sometimes not. But their impact remains costly to us all. The need for mobility, rapidly e...
I write and study often on the subject of digital transformation - the digital transformation of industries, markets, products, business models, etc. In brief, digital transformation is about the impact that collected and analyzed data can have when used to enhance business processes ...
I had the privilege of attending a mobile security event this week and speaking with many experts on the matter. I am not a mobile security expert, so my role was to speak on mobile strategies and trends and to learn as much as I could. What did I learn? I learned the difference b...
General Electric (GE) has been a household name for more than a century, thanks in large part to its role in making households easier to run. Starting with the light bulb invented by its founder, Thomas Edison, GE has been selling devices (“things”) to consumers throughout its 122-year...
It's time to condense all I've seen, heard, and learned about the IoT into a fun, easy-to-remember guide. Without further ado, here are Five (5) Things About the Internet of Things: 1. It's the end-state of Moore's Law. It's easy enough to debunk the IoT as “nothing new.” After all,...
Subscribe to the World's Most Powerful Newsletters
Subscribe to Our Rss Feeds & Get Your SYS-CON News Live!
Click to Add our RSS Feeds to the Service of Your Choice:
Google Reader or Homepage Add to My Yahoo! Subscribe with Bloglines Subscribe in NewsGator Online
myFeedster Add to My AOL Subscribe in Rojo Add 'Hugg' to Newsburst from CNET News.com Kinja Digest View Additional SYS-CON Feeds
Publish Your Article! Please send it to editorial(at)sys-con.com!

Advertise on this site! Contact advertising(at)sys-con.com! 201 802-3021




SYS-CON Featured Whitepapers
ADS BY GOOGLE