Tuesday, March 28, 2006

Real Estate News for Tuesday, March 28th, 2006

AREAA Launches New Asian-American Housing Education and Certification Course; The First AREAA Certification Course is Approved for Continuing Education Credit by California Department of Real Estate. Practitioners will learn the following:
-- Dynamics of the Asian-Pacific American Market
-- Understanding the Asian-Pacific American Housing Market
-- Leading Barriers to Homeownership in this market
-- How to best serve with the Asian-American population during real estate transactions
-- Basic Dos and Don'ts related to interacting with the Asian-American housing market
-- Case studies to help real estate practitioners better prepare to support this market
Contact AREAA Representative: Daliah Acosta at (858)342-0001 if you are interested in this course. I know I would love to take it! Click here to read more.

Selling a Home: Should you have an Open House? The National Association of Realtors polled agents and found that open houses led to only 7 percent of all home sales. Referrals were sited as the biggest sales factor at 29% of all sales. In a 2005 profile of Home Buyers and Sellers, also conducted by the NAR, 42% of home buyers found open houses to be "Very Useful" as an information source and 55% said they used open houses as an information source in their search but of the nine categories in the chart showing where buyers first learned about the home they purchased, open houses were not even listed. Click here to read more.

Top 10 millionaire counties. The number of millionaires rose to a record level in 2005, and more than 1.1 million of them can be found in just 10 counties. The number of American millionaires rose to a record level last year, and they're disproportionately located in four counties in California, according to an analysis released Tuesday. Other states with counties that boast the highest number of millionaires across the country are Illinois, Arizona, Texas, New York, Florida and Massachusetts. The firm's survey found that the millionaire households had an average net worth, excluding principal residence, of nearly $2.2 million, of which more than $1.4 million was in liquid, or investable, assets. Their overall debt levels, meanwhile, fell by 8 percent, from $179,000 to $165,000. Who's heading these households? TNS found the median age of the head of millionaire households is 58, and 45 percent are retired. Roughly 19 percent own in whole or part a professional practice or privately held business. Over 50 percent of the millionaires surveyed said they had become more conservative in their investment approach over the past year. Their wealth is the result of long-term wealth accumulation. Although real estate is not their sole source of wealth, it remains a staple for many. Forty-six percent of those surveyed own investment real estate like a second home or rental properties. Seventy percent of the households, meanwhile, owned stocks and bonds, and 68 percent owned mutual funds. Click here to read more.

~Tina Jan~
Coldwell Banker Kivett-Teeters
1655 E. Sixth St.
Beaumont, CA 92223
Work: 951-845-5520 Ext. 105
Fax: 951-845-4916
Cell: 909-446-2666
Toll-Free: 1-877-TINAJAN
tina.jan@coldwellbanker.com
www.tinajan.com

No comments:

Post a Comment

Thank you for commenting!