Real Estate News by the Numbers: Week of May 28 – June 3
A quick rundown of the important real estate news from the week of May 28 – June 3, by the numbers:
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15.2% – Jump in population in the Indianapolis-Carmel, IN area between 2000 and 2010, which is #1 on Inman’s list of “10 Best Markets for Real Estate Investors.” “By comparison, the U.S. population as a whole rose 9.7 percent in the last decade.”
54,000 – Amount of jobs the U.S. economy added in May. The number is less than the 165,000 jobs economists expected and far below the 232,000 jobs that were added in April. The unemployment rate also rose to 9.1% in May from 9.0% in April.
$42.9 Billion – Amount in public property Greece will be selling in in order to reduce it’s debt. “The real-estate privatization is part of a broader program to sell government holdings valued at about €50 billion, which Athens agreed to do to obtain a €110 billion bailout by the European Union and the International Monetary Fund.”
+2% – Year-over-year home price change for the San Jose – Sunnyvale – Santa Clara area. The Silicon Valley community was #1 on MSN Real Estate’s list of “15 Cities with the Most Improvement in Home Prices.” The average home price is $505,532 in the area and the 12 months price forecast is an appreciation of +4%.
6.5 Million – Listing price on Peter Madoff’s (Bernie Madoff’s brother) Long Island, NY home. “Peter Madoff is selling off real estate as he faces a lawsuit by the trustee reclaiming funds for investors in Bernard Madoff’s Ponzi scheme.”
5.1% – Decline in the Case-Shiller Housing Index in the first quarter of 2011 from the previous year. “This month’s report is marked by the confirmation of a double-dip in home prices across much of the nation.”
88% – Value recovered on Midtown Manhattan office prices since the 2008 credit crisis. Furthermore, between June 2010 and March 2011, Midtown office leasing rates have increased 1.6%.
$49 Million – The listing price – supposedly – for Ellen DeGeneres’ Beverly Hills estate. The listing price on the 15,000 square foot, four compound estate is “available upon request.”