Real Estate News by the Numbers: Week of September 10 – September 16
A quick rundown of the important real estate news from the week of September 10 – September 16, by the numbers:
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$23.68 Million – Sales price for a 7,700 square foot duplex in Manhattan. The seller, David Chu is the founder of fashion label Nautica and originally had the home listed for $32.8 Million.
4.09% – Average rate on a 30-year fixed mortgage according to Freddie Mac. That is down from last week’s record low of 4.12% and sets a new record low on rates.
7% – Increase in foreclosure fillings in August from July. However, fillings are still down 33% from last year.
33% – Increase in default notices in August from July. “The increase represents a nine-month high and the biggest monthly gain in four years. The spike signals banks are starting to take swifter action against homeowners, nearly a year after processing issues led to a sharp slowdown in foreclosures.”
17% – Net employment outlook in San Antonio. The percentage comes from taking the percentage of employers who are expected to add employees (25%) and subtracting the percentage of employers that plan to reduce their workforce (8%). San Antonio topped Forbes’ “The Best and Worst Cities for Jobs Right Now” survey.
-7% – Net employment outlook in the Bridgeport-Stamford-Norwalk, Conn., area. The area finished at the bottom of Forbes’ “The Best and Worst Cities for Jobs Right Now” survey.
$49,445 – Household income in 2010 according to the Census Bureau. It’s the third year in the row that household income has dropped and is at the same level as it was in 1996 when adjusted for inflation.
101 – Age of Detroit women Texana Hollis who was recently evicted from her home. She lost the home to HUD after her 65 year old son failed to pay any property taxes over the past few years. However, HUD has decided to pay the taxes and give Texana Hollis her home back.
57.8 – Reading on this month’s Thomson Reuters/University of Michigan consumer confidence poll. It rose from last month’s reading of 55.7 and was more than the 57 reading economist had predicted.