August 2009 Real Estate Statistics Report and Indicators

August 2009 Real Estate Statistics Report Full Real Estate Stats for This Month The REI Brain dot Com “The Net’s Most Honest, Unbiased, Actionable, Complete, and Timely Real Estate Investing Information, Resources and Tools. Period.” www.thereibrain.com © 2008 All Rights Reserved - The REI Brain. For More Actionable Real Estate Investing Information, visit http://www.thereibrain.com/ August 2009 Real Estate Market Statistics Alright, the August 2009 Real Estate Market Report from John Burns Consulting is ready for ya... The country's recession has made the real estate market very volatile and difficult but it has practically burned out the construction business. * Lending has become tougher so there are fewer spec houses built. * The demand for new homes has really declined with people just trying to cover their month-tomonth expenses. * The vast inventory of homes in foreclosure offer better low cost investment opportunities than buying new construction. The same holds true in the commercial market. If fewer small business owners are opening brick and mortar stores, real estate developers are hesitating to invest their time and money into building new commercial construction. However, there is a sliver of hope! John Burns has compiled a list of the top 20 markets in the country based on the number of construction permits issued and there are a few surprises. Enjoy ☺ Trevor Trevor Mauch The REI Brain dot Com http://www.thereibrain.com The Demise of the Construction Industry Construction in some really big markets has died, but we found a number of surprises when we decided to rank the Top 20 markets compared to the national peak in 2005. Our takeaways: • A Sliver of its Former Self We estimate that 2009 total permits for the nation's Top 20 markets will be down 79% from the peak. • Same As It Ever Was, except in Florida Fifteen of 2005's top 20 metros still show up somewhere on the current list. Those that fell off the list are Miami, Orlando, Fort Myers, Minneapolis and Chicago. Newcomers include Salt Lake City, Virginia Beach, Seattle, Raleigh-Cary and Indianapolis. • Texas Remains Tops in Good Times and Bad Five major Texas metros remain in the top 20, but they did so by "only” declining 64% from the peak. However, Houston, Dallas and Austin are now among the country's Top 5 in permitting, replacing Atlanta, Phoenix and Chicago. © 2008 All Rights Reserved - The REI Brain. For More Actionable Real Estate Investing Information, visit http://www.thereibrain.com/ For those of you interested in our forecast and the history of job growth, building permits, home prices and affordability, every month we post the latest data in our Data Library and Forecast for $185 per MSA. You'll find them here in our online store. Top 20 Markets Ranked by Total Permitting This is the most current available data for all variables and markets. State Metro Area* Alabama Anniston121 Oxford Auburn-Opelika 623 Birmingham 1,713 Decatur 110 Dothan 273 Florence 141 Gadsden 132 Huntsville 2,366 Mobile 1,094 Employment Statistics Affordability NF Payroll 1212Total Employment Month Month Permits / 1-Yr Median Housing Housing S. Fam. Total Peak 1-Yr Growth Unemp Home Costs / Cycle Rate Permits Permits Permits Growth Rate Price Income Barometer 173 928 1,956 110 331 151 132 3,557 2,095 37% 42% 25% 12% 44% 19% 33% 71% 75% (1,700) (2,200) (15,900) (3,000) (1,400) (1,500) (900) (3,500) (1,900) (3.2%) (4.1%) (3.0%) (5.1%) (2.3%) (2.7%) (2.4%) (1.6%) (1.0%) 10.7% $85,782 8.7% 9.9% 11.2% 9.2% 10.9% 10.6% 8.3% 10.8% $131,418 $130,484 $93,793 $89,825 $93,821 $84,165 $124,239 $125,233 19% 27% 23% 19% 20% 19% 21% 19% 27% 0.4 0.3 0.3 0.4 0.2 0.0 1.1 0.5 2.9 Permits Statistics © 2008 All Rights Reserved - The REI Brain. For More Actionable Real Estate Investing Information, visit http://www.thereibrain.com/ Montgomery 439 Tuscaloosa 387 Alaska Anchorage 282 Fairbanks 32 Arizona Flagstaff 168 Phoenix 8,867 Prescott 373 Tucson 1,931 Yuma 714 Arkansas Fayetteville 905 Fort Smith 514 Hot Springs 37 Jonesboro 424 Little Rock 1,590 Pine Bluff 42 California Bakersfield 1,279 Chico 419 El Centro 255 Fresno 1,829 Hanford 177 Los Angeles 2,266 (D) Madera 122 Merced 116 Modesto 326 Monterey 91 Napa 140 Oakland (D) 1,567 Orange County 1,162 (D) Redding 248 Riverside-San 4,299 Bernardino Sacramento 2,983 San Diego 1,958 San Francisco 410 (D) San Jose 659 San Luis 328 Obispo Santa Barbara 162 Santa Cruz 127 Santa Rosa 393 Stockton 620 Vallejo-Fairfield 401 Ventura 257 Visalia955 Porterville Yuba-Sutter 166 Colorado Boulder 263 Colorado 1,262 439 841 554 32 474 11,051 494 2,030 746 1,853 799 37 439 2,710 84 1,838 438 260 2,109 306 7,464 181 116 346 277 150 3,100 2,224 428 5,975 3,815 3,408 1,776 2,182 412 226 130 409 625 405 448 1,046 166 952 1,312 17% 32% 6% 4% 35% 16% 11% 16% 28% 24% 61% 10% 45% 47% 20% 21% 22% 12% 28% 23% 11% 8% 3% 6% 10% 15% 14% 9% 18% 10% 16% 8% 26% 22% 11% 8% 9% 7% 9% 7% 6% 29% 5% 19% 12% (4,500) (2,700) (600) (500) (4,700) (143,100) (5,400) (28,200) (3,000) (1,100) (800) 1,200 (100) (5,600) (1,000) (6,000) (2,300) (1,900) (11,300) (1,100) (400) (1,300) (5,400) (5,300) (4,900) (48,200) (3,000) (2.5%) (2.8%) (0.3%) (1.2%) (7.3%) (7.8%) (8.9%) (7.5%) (5.8%) (0.5%) (0.6%) 3.1% (0.2%) (1.6%) (2.7%) (2.5%) (3.1%) (4.1%) (3.8%) (2.9%) (1.2%) (2.3%) (3.4%) (4.1%) (7.4%) (4.7%) (4.9%) 10.0% $126,965 23% 10.0% $120,193 25% 7.2% 6.8% 8.0% 8.7% 9.8% 8.6% 26.2% 6.2% 7.7% 7.1% 7.3% 6.7% 9.9% 14.4% 13.2% 30.2% 15.0% 14.5% 13.9% 17.6% 16.3% 10.2% 8.8% 11.3% 9.5% $184,997 21% $144,084 18% $300,000 $129,050 $153,732 $177,250 $142,450 $108,046 $76,481 $114,274 $74,468 $126,711 $64,498 $128,000 $200,000 $115,000 $148,500 $135,000 $130,000 $107,000 $140,000 $215,000 $333,000 $304,545 58% 21% 31% 34% 33% 17% 14% 22% 13% 19% 13% 24% 40% 25% 29% 26% 28% 21% 23% 32% 41% 36% 0.4 0.3 0.0 0.0 7.3 1.2 0.0 4.8 5.1 0.0 0.1 0.3 0.1 0.1 0.1 1.8 3.7 1.3 2.3 3.2 3.2 1.8 0.5 0.8 0.8 2.2 1.8 5.3 3.6 0.6 1.9 3.4 5.0 4.8 5.6 3.4 3.9 3.3 0.9 1.2 4.4 1.7 0.8 5.0 2.0 (172,100) (4.3%) 12.5% $320,000 50% (68,000) (4.6%) (72,000) (6.0%) (45,800) (5.2%) (55,100) (4.2%) (50,900) (5.1%) (43,300) (4.7%) (1,800) (4,400) (5,800) (10,400) (6,500) (4,200) (14,200) (4,300) (1,400) (1.8%) (2.6%) (6.2%) (5.7%) (3.2%) (3.4%) (5.0%) (3.8%) (3.6%) $490,000 56% 15.6% $185,000 35% 14.3% $160,000 24% 11.8% $210,000 30% 10.3% $350,000 48% 9.3% 9.5% 8.4% 10.8% 10.3% 16.0% 11.5% 10.9% $685,000 77% $392,000 65% $311,250 $486,250 $355,000 $160,000 $204,000 $410,000 48% 63% 47% 25% 27% 46% 11.8% $530,000 54% 15.3% $132,000 26% 17.2% $146,000 28% 6.6% 8.2% $330,000 36% $190,100 24% (8,200) (4.9%) (10,200) (3.9%) © 2008 All Rights Reserved - The REI Brain. For More Actionable Real Estate Investing Information, visit http://www.thereibrain.com/ Springs Denver 2,671 Fort Collins 428 Grand Junction 487 Greeley 678 Pueblo 235 Connecticut Bridgeport 439 Hartford 815 New Haven 398 Delaware Dover 686 Wilmington (D) 865 District of Columbia Washington 7,536 D.C. (D) Florida Daytona Beach 710 Fort Lauderdale 548 (D) Fort Myers 848 Fort Walton 298 Beach Gainesville 338 Jacksonville 3,490 Lakeland 1,322 Melbourne 869 Miami (D) 610 Naples 593 Ocala 484 Orlando 3,708 Panama City 306 Pensacola 847 Port St. Lucie 482 Punta Gorda 282 Sarasota 1,120 Tallahassee 671 Tampa 4,029 West Palm 957 Beach (D) Georgia Albany 177 Athens 331 Atlanta 5,975 Augusta 2,123 Brunswick 387 Columbus 854 Dalton 132 Gainesville 216 Hinesville 457 Macon 404 Rome 98 Savannah 1,201 Valdosta 509 Warner Robins 617 Hawaii 5,259 694 499 768 339 1,721 1,173 532 700 1,199 10,182 834 1,610 1,010 960 720 5,412 1,324 1,127 1,952 829 512 5,608 598 927 666 337 1,413 833 7,569 1,457 216 373 9,239 2,272 387 1,047 180 534 457 472 137 1,430 614 741 18% 19% 24% 17% 24% 33% 11% 7% 32% 19% 27% 11% 8% 3% 26% 22% 22% 10% 11% 8% 10% 7% 16% 11% 14% 6% 7% 10% 19% 20% 6% 17% 16% 13% 42% 30% 47% 16% 20% 52% 25% 19% 29% 42% 35% (52,200) (4,500) (900) (3,000) (1,800) (4.1%) (3.3%) (1.4%) (3.7%) (3.1%) 8.0% 6.5% 9.1% 8.6% 8.8% 7.6% 8.2% 8.1% 8.2% 9.0% 6.3% $212,500 $210,000 $150,102 $162,500 $82,475 26% 26% 24% 21% 15% 2.9 1.1 0.4 1.2 0.0 0.0 0.0 0.1 5.7 1.3 0.0 1.5 2.2 0.3 0.0 0.6 4.8 2.5 2.0 3.3 1.5 2.8 2.1 1.3 0.0 0.1 2.6 3.0 0.0 3.0 4.7 0.2 0.2 0.0 0.4 0.2 0.3 0.1 0.9 0.0 0.1 0.4 2.8 0.6 0.2 (13,700) (3.3%) (20,800) (3.7%) (4,800) (1.8%) (2,100) (3.2%) (17,300) (5.0%) (28,000) (1.1%) (5,200) (3.2%) $329,822 32% $208,472 26% $212,071 28% $193,425 33% $190,236 27% $247,866 24% 11.2% $115,000 23% 9.5% 7.1% 7.8% 10.5% 12.3% 10.9% 11.6% 12.1% 12.6% 11.0% 8.7% 9.9% 13.5% 12.0% 11.8% 7.9% 11.3% $187,000 30% 14% 32% 26% 22% 22% 35% 30% 22% 24% 26% 22% 19% 23% 28% 28% 25% $157,875 23% $141,301 $158,700 $112,000 $124,500 $180,000 $200,000 $110,000 $144,000 $142,064 $119,662 $110,000 $127,000 $157,500 $139,782 $133,000 13.2% $87,450 (27,300) (3.6%) (16,200) (7.8%) (3,200) (3,800) (24,800) (8,400) (8,600) (33,100) (7,700) (3,800) (59,800) (3,200) (4,900) (5,200) (1,600) (19,200) (4,700) (55,600) (3.9%) (2.9%) (4.0%) (4.1%) (4.2%) (3.2%) (6.4%) (3.8%) (5.6%) (4.2%) (3.0%) (4.2%) (3.8%) (7.2%) (2.7%) (4.6%) (22,100) (4.2%) (1,800) (800) (119,100) (5,600) (1,200) (1,300) (5,100) (2,900) (500) (5,200) (1,800) (4,200) (1,300) (1,000) (2.8%) (0.9%) (4.9%) (2.6%) (2.6%) (1.1%) (7.0%) (3.7%) (2.6%) (5.1%) (4.4%) (2.7%) (2.3%) (1.7%) 11.3% $225,000 35% 10.6% 7.7% 10.7% 10.2% 9.1% 9.8% 13.2% 9.5% 8.5% 10.3% 11.3% 10.0% 8.5% 7.6% $85,971 $128,432 $112,696 $108,958 $141,898 $103,090 $97,478 $135,980 $97,605 $92,085 $93,345 $137,609 $102,286 $94,280 20% 26% 15% 20% 23% 20% 19% 24% 18% 19% 19% 25% 24% 15% © 2008 All Rights Reserved - The REI Brain. For More Actionable Real Estate Investing Information, visit http://www.thereibrain.com/ Honolulu 805 Idaho Boise City 1,621 Coeur D’Alene 696 Idaho Falls 310 Lewiston 76 Pocatello 167 Illinois Bloomington 306 Champaign336 Urbana Chicago (D) 3,403 Danville 15 Decatur 150 Kankakee147 Bradley Lake-Kenosha 666 (D) Peoria 572 Rockford 236 Springfield 257 Indiana Anderson 73 Bloomington 260 Columbus 149 Elkhart-Goshen 175 Evansville 512 Fort Wayne 686 Gary (D) 937 Indianapolis 3,675 Kokomo 22 Lafayette 414 Michigan City 122 Muncie 59 South Bend 286 Terre Haute 124 Iowa Ames 101 Cedar Rapids 712 Davenport 352 Des Moines 1,670 Dubuque 230 Iowa City 597 Sioux City 108 Waterloo 348 Kansas Lawrence 193 Topeka 397 Wichita 1,439 Kentucky Bowling Green 265 Elizabethtown 321 Lexington 1,322 Louisville 1,989 Owensboro 204 Louisiana 1,093 1,798 765 369 81 175 482 749 6,294 15 429 173 717 587 339 361 75 496 149 323 668 869 1,011 5,970 84 517 128 59 728 192 262 1,004 402 2,372 246 846 122 354 575 420 2,066 467 421 1,910 2,603 209 22% 16% 29% 19% 20% 25% 28% 34% 14% 8% 72% 21% 11% 30% 13% 23% 10% 41% 24% 20% 31% 24% 22% 35% 11% 28% 22% 10% 37% 28% 28% 49% 26% 38% 28% 50% 10% 42% 30% 31% 45% 34% 32% 37% 29% 19% (7,900) (20,300) (2,600) (1,500) (1,400) (1,100) (400) 200 (1.8%) (7.4%) (4.4%) (2.9%) (4.8%) (2.9%) (0.4%) 0.2% 6.1% 9.7% 8.6% 6.1% 6.8% 7.3% 7.2% 8.3% $527,875 64% $145,671 $153,873 $104,765 $129,872 $96,502 22% 27% 17% 25% 18% 3.6 0.0 3.1 0.2 3.3 0.1 0.8 3.7 3.4 0.6 1.7 2.4 0.9 4.0 3.1 1.4 0.4 0.8 0.5 0.8 0.6 0.3 0.6 0.4 0.6 0.6 0.7 0.3 0.5 0.3 0.4 3.1 3.1 0.5 0.6 0.3 0.5 3.3 0.3 3.1 2.6 1.1 2.3 3.3 3.1 0.9 $158,487 25% $139,213 26% (183,500) (4.7%) (700) (2.3%) (2,200) (4.0%) (1,600) (3.6%) 10.7% $216,000 32% 11.4% $54,658 12% 13.7% $82,603 17% 11.7% $119,331 19% 9.5% $226,701 27% (17,400) (4.3%) (5,600) (5,100) (3,100) (1,000) (2,000) (900) (9,500) (5,500) (8,700) (5,300) (40,200) (2,000) 700 (2,000) (900) (2,000) (2,100) 300 (1,700) (2,700) (2,900) (1,700) 0 (1,000) (3,100) (2.9%) (3.2%) (2.7%) (2.4%) (2.5%) (2.0%) (8.2%) (3.1%) (4.1%) (1.9%) (4.4%) (4.7%) 0.8% (4.3%) (1.8%) (1.4%) (2.9%) 0.7% (1.2%) (1.4%) (0.9%) (3.1%) 0.0% (1.3%) (3.5%) 12.3% $112,927 19% 15.1% $101,087 18% 7.4% $104,274 18% 11.3% 7.5% 9.3% 16.7% 8.6% 10.7% 10.1% 8.7% 14.4% 10.4% 11.4% 10.9% 11.6% 10.8% 4.7% 6.0% 7.7% 5.5% 6.2% 4.8% 5.2% 6.3% 6.1% 7.0% 9.9% 11.1% 11.0% 9.1% 10.2% 10.5% $79,411 $121,262 $113,483 $105,754 $86,939 $83,392 $95,300 $100,371 $80,976 $104,304 $105,994 $71,838 $67,897 $72,129 $126,543 $130,303 $102,363 $139,255 $108,813 $143,283 $83,824 $100,397 15% 25% 18% 18% 17% 15% 16% 16% 15% 21% 18% 16% 13% 16% 22% 22% 19% 20% 19% 25% 16% 18% (900) (1.9%) (1,400) (1.3%) (10,000) (3.3%) (3,000) (700) (9,400) (22,900) (1,400) (5.0%) (1.5%) (3.7%) (3.7%) (2.7%) $137,679 22% $108,761 19% $112,141 20% $104,135 $102,438 $133,319 $121,148 $79,634 23% 23% 27% 24% 18% © 2008 All Rights Reserved - The REI Brain. For More Actionable Real Estate Investing Information, visit http://www.thereibrain.com/ Alexandria Baton Rouge Houma Lafayette Lake Charles Monroe New Orleans Shreveport Maine Bangor LewistonAuburn Portland Maryland Baltimore Bethesda (D) Cumberland Hagerstown Salisbury Massachusetts Barnstable Town Boston (D) Cambridge (D) Pittsfield Michigan Ann Arbor Battle Creek Bay City Detroit (D) Flint Grand Rapids Holland Jackson Kalamazoo Lansing Monroe Muskegon Niles Saginaw Warren (D) Minnesota Duluth Minneapolis Rochester St. Cloud Mississippi Gulfport-Biloxi Hattiesburg Jackson Pascagoula Missouri Columbia Jefferson City Joplin Kansas City 298 2,369 474 691 938 264 2,144 898 268 147 930 2,856 1,453 151 697 147 343 977 981 157 230 17 95 292 96 707 429 70 359 214 87 101 119 98 998 484 3,448 393 261 1,982 173 1,407 660 447 234 158 1,791 342 2,609 780 824 1,396 273 3,497 1,116 284 171 1,099 4,297 1,751 175 743 225 357 2,455 1,371 321 274 17 95 514 179 721 571 131 383 287 87 122 130 120 1,083 586 4,693 528 379 3,297 340 1,434 673 565 271 219 3,002 36% 29% 65% 16% 93% 23% 26% 36% 29% 20% 19% 22% 14% 43% 18% 17% 7% 23% 18% 35% 9% 3% 21% 8% 5% 14% 21% 13% 16% 9% 7% 12% 16% 12% 6% 34% 17% 26% 19% 60% 30% 32% 39% 24% 24% 30% 16% (900) 700 (1,200) (800) (500) (300) (1,800) (3,300) (1,000) (1,200) (6,700) (36,900) (3,700) (700) (3,000) (1,400) (6,700) (1.3%) 0.2% (1.2%) (0.5%) (0.5%) (0.4%) (0.3%) (1.8%) (1.5%) (2.5%) (3.4%) (2.8%) (0.6%) (1.8%) (3.0%) (2.5%) (5.8%) 7.5% 7.3% 4.9% 6.2% 7.3% 9.1% 7.4% 8.9% 7.6% 8.9% 6.6% 8.0% 5.7% 8.6% 9.6% 8.3% 7.2% 8.0% 8.4% 8.3% 10.3% 13.6% 13.3% 19.0% 17.6% 12.7% 13.9% 15.9% 12.2% 12.7% 17.0% 16.9% 14.0% 14.5% 16.8% 9.4% 7.9% 6.3% 7.6% 8.5% 8.9% 8.3% 9.3% 6.7% 7.8% 8.5% 8.9% $89,208 $151,043 $107,767 $121,690 $101,288 $91,120 $149,388 $136,715 18% 24% 17% 21% 17% 18% 24% 26% 0.3 0.4 0.3 0.3 0.3 0.3 0.3 3.6 0.0 0.4 0.1 5.9 5.8 3.8 0.0 0.4 0.0 0.4 0.0 0.0 0.0 0.3 0.1 0.0 0.1 0.1 0.2 1.6 0.1 0.0 0.4 0.3 2.5 0.1 0.0 5.6 0.4 0.7 1.8 3.4 0.3 0.5 0.1 2.8 0.6 0.6 0.3 $111,466 21% $121,453 23% $188,373 27% $227,282 $385,000 $102,735 $159,301 $134,526 30% 37% 23% 24% 25% $261,009 34% $281,566 34% $315,037 33% $169,985 28% $157,468 $82,608 $79,688 $81,684 $79,181 $71,358 $130,580 $88,993 $107,979 $68,132 $110,430 $83,737 $114,038 $30,371 $142,859 $108,324 $167,657 $127,397 $127,023 $130,963 $91,777 $122,803 $103,492 $146,115 $102,529 $79,407 $128,966 22% 16% 16% 16% 15% 12% 19% 18% 20% 11% 17% 17% 22% 7% 19% 21% 22% 18% 22% 26% 21% 23% 19% 29% 19% 19% 19% (51,300) (3.0%) (65,500) (2.6%) (1,700) (4.5%) (6,100) (3,200) (1,800) (47,000) (10,700) (17,400) (9,100) (3,300) (6,700) (9,400) (2,600) (4,300) (4,900) (3,600) (92,600) (5,900) (63,100) (1,900) (2,600) (1,200) (600) (100) (700) (300) (2,100) (100) (21,900) (3.2%) (5.5%) (4.7%) (6.3%) (7.7%) (4.6%) (8.3%) (5.8%) (4.8%) (4.3%) (6.4%) (6.7%) (7.5%) (4.2%) (8.2%) (4.4%) (3.5%) (1.8%) (2.6%) (1.1%) (1.0%) 0.0% (1.2%) (0.3%) (2.6%) (0.1%) (2.1%) © 2008 All Rights Reserved - The REI Brain. For More Actionable Real Estate Investing Information, visit http://www.thereibrain.com/ Springfield St. Joseph St. Louis Montana Billings Great Falls Missoula Nebraska Lincoln Omaha Nevada Carson City Las Vegas Reno New Hampshire Manchester New Jersey Atlantic City Camden (D) Edison (D) Newark-Union (D) Ocean City Trenton Vineland New Mexico Albuquerque Farmington Las Cruces Santa Fe New York Albany Binghamton Buffalo Elmira Glens Falls Ithaca Kingston Nassau (D) New York (D) Poughkeepsie Rochester Syracuse Utica-Rome North Carolina Asheville Burlington Charlotte Durham Fayetteville Goldsboro Greensboro Greenville Hickory Jacksonville Raleigh-Cary 694 128 3,802 541 149 223 628 3,073 17 3,698 607 357 473 1,366 2,472 1,393 276 265 238 1,470 221 814 101 1,101 186 934 75 267 97 216 1,252 1,526 720 1,192 761 222 1,189 478 4,486 1,452 1,533 190 1,387 385 672 1,225 4,167 1,315 144 4,734 620 161 265 725 3,944 17 7,826 1,213 491 515 2,016 3,320 2,867 365 322 249 1,767 252 1,092 101 1,361 186 1,435 78 306 113 233 1,690 11,568 1,488 1,807 935 250 1,526 482 7,959 2,125 2,433 256 2,347 535 676 1,503 5,245 26% 34% 26% 42% 50% 24% 27% 60% 2% 20% 19% 7% 13% 24% 14% 31% 15% 9% 34% 20% 43% 44% 8% 26% 14% 31% 26% 19% 17% 17% 15% 23% 29% 35% 27% 19% 35% 24% 32% 33% 56% 37% 37% 21% 28% 74% 30% (1,800) (0.9%) (300) (0.5%) (43,900) (3.3%) (2,800) (1,600) (1,600) (1,000) (3,300) (3.5%) (4.4%) (2.8%) (0.6%) (0.7%) 8.5% 8.6% 9.9% 4.9% 5.1% 5.8% 4.6% 5.3% $114,197 24% $84,485 17% $185,000 31% $121,563 19% $100,560 18% $168,365 31% $132,005 21% $129,012 19% 1.5 0.6 6.0 0.0 0.0 1.2 1.2 0.6 0.0 0.0 0.7 0.0 3.8 3.2 5.1 3.9 4.6 4.4 2.9 2.9 4.4 0.0 0.0 3.0 3.1 1.2 0.4 3.8 2.4 1.9 3.8 3.9 1.1 2.1 3.2 2.7 3.0 0.4 4.4 3.0 0.4 0.3 0.4 0.3 0.7 1.5 3.7 (2,100) (6.5%) (60,000) (6.6%) (18,200) (8.4%) (1,500) (1.5%) 11.7% $165,129 26% 13.1% $135,100 20% 12.2% $185,000 27% 6.8% $205,030 20% (5,900) (3.9%) (25,500) (4.8%) (12,300) (1.2%) (13,500) (1.3%) (4,400) (4,800) (900) (13,400) (1,100) (1,900) (3,300) (10,500) (3,500) (11,800) (1,400) (2,800) (200) (200) (35,600) (96,500) (7,000) (11,200) (5,400) (2,300) (7,800) (2,300) (51,900) (9,900) (2,900) (1,700) (18,000) (1,800) (12,000) (1,900) (19,300) (7.9%) (2.0%) (1.5%) (3.4%) (2.1%) (2.8%) (4.9%) (2.3%) (3.1%) (2.1%) (3.4%) (4.7%) (0.3%) (0.3%) (2.8%) (1.8%) (2.7%) (2.2%) (1.7%) (1.7%) (4.5%) (3.9%) (6.2%) (3.4%) (2.3%) (3.9%) (5.0%) (2.4%) (7.7%) (4.1%) (3.7%) 11.8% $191,887 32% 10.0% $189,422 26% 8.9% $304,334 37% 9.4% $339,427 43% 8.0% $220,110 39% 8.4% $247,632 33% 13.0% $133,388 25% 7.8% 8.2% 7.4% 6.3% 7.1% 8.3% 8.6% 9.2% 7.0% 6.3% 8.1% 7.4% 9.6% 8.1% 8.2% 8.1% 7.2% 9.0% 12.6% 12.4% 8.3% 9.5% 9.8% 11.9% 10.9% 15.1% 8.8% 9.1% $201,949 $181,396 $104,751 $217,387 $182,445 $111,001 $102,943 $75,093 $151,966 $147,773 $189,218 $340,974 $404,151 $210,641 $112,087 $118,895 $103,003 $166,112 $108,173 $170,500 $169,449 $101,443 $93,908 $131,343 $103,342 $103,752 $124,261 $200,250 33% 33% 22% 31% 28% 22% 20% 16% 30% 29% 30% 34% 62% 27% 20% 22% 23% 33% 21% 27% 29% 19% 19% 25% 22% 21% 25% 28% © 2008 All Rights Reserved - The REI Brain. For More Actionable Real Estate Investing Information, visit http://www.thereibrain.com/ Rocky Mount Wilmington Winston-Salem North Dakota Bismarck Fargo Grand Forks Ohio Akron Canton Cincinnati Cleveland Columbus Dayton Lima Mansfield Sandusky Springfield Toledo Youngstown Oklahoma Lawton Oklahoma City Tulsa Oregon Bend Corvallis Eugene Medford Portland Salem Pennsylvania Allentown Altoona Erie Harrisburg Johnstown Lancaster Lebanon Philadelphia (D) Pittsburgh Reading Scranton State College Williamsport York Rhode Island Providence South Carolina Anderson Charleston Columbia Florence Greenville Myrtle Beach 264 1,687 876 424 715 169 735 311 2,862 1,792 2,443 729 89 55 55 64 499 240 278 2,934 2,544 421 97 427 301 2,996 400 1,184 168 201 1,031 74 816 303 3,190 2,843 399 522 322 104 875 1,113 290 2,727 2,608 347 1,506 1,268 268 2,138 1,255 582 1,299 333 832 384 3,265 2,349 3,710 854 98 60 55 94 929 386 568 3,192 3,578 465 99 581 371 4,506 527 1,429 184 356 1,092 223 1,102 303 4,185 3,073 442 571 379 176 904 1,336 314 3,686 3,498 462 1,553 1,533 26% 23% 28% 53% 46% 49% 21% 25% 21% 29% 22% 21% 19% 10% 10% 14% 23% 20% 52% 15% 29% 10% 13% 21% 17% 23% 16% 26% 37% 35% 29% 60% 31% 36% 24% 43% 20% 26% 34% 33% 29% 11% 16% 34% 43% 35% 28% 13% (1,100) (6,900) (7,000) 100 800 (300) (10,500) (5,100) (42,200) (54,100) (19,600) (12,200) (100) (3,800) 1,000 (1,100) (17,300) (13,800) (900) (3,700) (6,400) (1,600) (2,800) (7,600) (3,400) (60,400) (10,200) (12,000) (1,700) (5,600) (12,400) (1,600) (10,600) (1,500) (32,800) (6,500) (8,300) (700) (2,200) (6,200) (1.8%) (4.8%) (3.3%) 0.2% 0.7% (0.6%) (3.1%) (3.0%) (4.0%) (5.1%) (2.1%) (3.1%) (0.2%) (6.6%) 2.4% (2.1%) (5.5%) (5.9%) (2.1%) (0.7%) (1.5%) (2.3%) (7.5%) (5.0%) (4.2%) (5.8%) (6.6%) (3.5%) (2.8%) (4.2%) (3.7%) (2.6%) (4.4%) (3.0%) (2.8%) (3.8%) (3.2%) (1.0%) (4.1%) (3.4%) 14.1% $89,025 19% 10.2% $183,454 34% 10.3% $115,601 21% 3.1% 4.2% 4.6% 10.7% 12.3% 10.3% 9.3% 9.3% 12.2% 11.7% 14.3% 10.8% 11.7% 14.0% 14.2% 5.3% 5.9% 6.8% 13.9% 9.0% 12.7% 13.3% 11.5% 11.0% 9.2% 7.4% 9.7% 7.7% 9.4% 7.5% 6.9% 8.4% 7.8% 9.2% 9.1% 6.0% 9.0% 8.8% $150,748 21% $134,776 20% $116,784 20% $120,000 $73,660 $135,000 $77,804 $155,300 $87,205 $87,030 $85,699 $109,456 $88,762 $70,881 $54,193 20% 13% 19% 12% 22% 14% 15% 17% 17% 15% 12% 10% 0.4 2.7 0.2 1.9 0.3 0.2 3.0 0.3 1.9 0.2 3.5 0.4 0.3 0.5 0.4 0.3 0.2 0.3 0.1 0.3 0.1 0.4 1.0 5.0 1.3 5.8 5.2 4.8 0.5 0.3 2.2 1.9 2.5 3.9 3.7 0.8 4.0 2.7 2.3 1.8 2.3 0.0 0.3 2.0 1.7 0.5 4.9 0.5 $87,028 15% $125,820 19% $128,582 20% $170,657 $190,152 $195,238 $161,678 $243,994 $176,650 $217,658 $94,859 $88,057 $142,448 $79,508 $161,682 $155,969 $112,515 $147,184 $119,619 $151,482 $107,225 $152,778 25% 29% 35% 30% 35% 29% 33% 18% 18% 22% 19% 25% 26% 20% 23% 24% 29% 22% 23% (54,500) (2.8%) $197,403 28% (21,100) (3.7%) (3,300) (9,300) (6,300) (600) (7,800) (9,100) (5.2%) (3.1%) (1.7%) (0.7%) (2.5%) (6.9%) 12.7% $193,403 29% 12.5% 9.8% 9.3% 12.3% 10.5% 10.4% $99,465 $195,000 $130,000 $103,518 $138,500 $168,709 18% 30% 21% 20% 25% 30% © 2008 All Rights Reserved - The REI Brain. For More Actionable Real Estate Investing Information, visit http://www.thereibrain.com/ Spartanburg Sumter South Dakota Rapid City Sioux Falls Tennessee Chattanooga Clarksville Cleveland Jackson Johnson City Kingsport Knoxville Memphis Morristown Nashville Texas Abilene Amarillo Austin Beaumont Brownsville College Station Corpus Christi Dallas (D) El Paso Fort Worth (D) Houston Killeen Laredo Longview Lubbock McAllen Midland Odessa San Angelo San Antonio Sherman Texarkana Tyler Victoria Waco Wichita Falls Utah Logan OgdenClearfield Provo-Orem Salt Lake City St. George Virginia Charlottesville Danville Harrisonburg Lynchburg Richmond 639 331 352 754 1,024 1,088 230 227 408 461 1,476 1,526 238 4,007 161 475 6,624 1,784 852 742 982 9,113 2,711 5,376 21,263 1,811 652 169 872 2,757 331 183 180 5,111 108 279 197 118 352 172 315 1,242 989 1,476 516 662 105 462 571 2,821 667 366 372 1,508 1,174 1,415 322 283 507 479 2,206 2,190 270 6,047 161 749 9,482 3,035 1,027 1,688 1,030 17,960 3,549 6,455 29,866 1,925 910 192 890 3,052 331 615 515 7,059 126 323 272 118 588 176 469 1,357 1,212 4,867 518 685 125 600 587 3,618 24% 40% 27% 60% 31% 44% 34% 25% 35% 31% 34% 20% 35% 33% 8% 20% 36% 100% 26% 48% 17% 24% 55% 17% 40% 42% 38% 12% 21% 33% 9% 29% 33% 32% 12% 38% 9% 7% 20% 20% 33% 26% 19% 39% 14% 26% 24% 44% 32% 32% (3,300) (2,200) (1,200) (2,000) (7,600) (3,300) (1,200) (2,500) (2,400) (4,500) (10,600) (12,300) (1,800) (34,500) (1,400) (3,000) (1,400) (7,400) (4,200) (2,100) (5,700) (33,300) 2,400 (12,100) (80,800) (1,100) 500 (2,100) (1,000) 2,900 (900) 100 (900) (6,400) (500) (900) (900) (1,900) (1,600) (1,900) (2,600) (9,000) (2.6%) (6.0%) (1.9%) (1.5%) (3.1%) (4.0%) (3.0%) (4.0%) (3.0%) (3.7%) (3.2%) (2.0%) (3.7%) (4.6%) (2.1%) (2.6%) (0.2%) (4.5%) (3.3%) (2.3%) (3.1%) (1.6%) 0.9% (1.4%) (3.1%) (0.9%) 0.6% (2.1%) (0.8%) 1.4% (1.3%) 0.2% (2.0%) (0.8%) (1.1%) (1.6%) (0.9%) (3.7%) (1.5%) (3.1%) (5.1%) (4.5%) 12.7% $111,341 20% 13.6% $94,552 19% 4.2% 4.5% 9.5% 10.9% 10.1% 10.8% 9.7% 9.9% 9.0% 10.3% 12.7% 9.6% 6.4% 5.8% 7.3% 10.6% 10.7% 6.5% 8.0% 8.3% 9.6% 8.4% 8.4% 7.2% 9.4% 8.5% 6.1% 11.6% 6.3% 9.5% 6.9% 7.1% 8.6% 6.7% 8.0% 8.0% 7.2% 8.0% 4.8% 6.3% 5.7% 6.0% 7.6% 5.9% 12.7% 6.3% 7.6% 8.0% $119,124 20% $101,111 14% $117,200 $96,544 $102,748 $86,646 $111,741 $108,524 $139,852 $97,279 $102,779 $150,000 $125,400 $124,600 $189,700 $126,500 $108,600 $151,000 $140,000 $164,800 $135,200 $118,700 $161,900 $127,198 $88,318 $127,000 $110,300 $108,700 $121,446 $138,000 $121,700 $156,900 $119,000 $76,118 $131,400 $126,700 $114,600 $107,900 23% 19% 23% 20% 27% 26% 27% 19% 24% 25% 24% 22% 27% 23% 29% 30% 29% 23% 32% 18% 24% 23% 21% 25% 22% 28% 21% 26% 27% 27% 21% 14% 24% 21% 24% 22% 0.4 0.0 0.8 0.8 0.6 0.6 0.5 0.6 1.4 1.6 1.3 0.2 0.5 3.8 5.4 3.3 4.0 3.9 4.9 3.2 5.3 3.2 5.1 3.0 4.5 4.1 0.2 4.4 0.8 2.3 2.3 4.5 5.5 5.1 5.1 0.0 2.5 2.8 2.6 5.1 0.9 1.9 1.9 6.0 0.0 0.6 0.2 2.1 0.2 5.2 $123,646 25% $138,273 23% $154,828 28% $213,989 36% $143,696 29% $207,458 $84,160 $165,530 $132,113 $218,650 30% 21% 30% 25% 34% (8,800) (4.8%) (26,800) (4.2%) (2,100) (4.1%) (2,000) (900) (200) (400) (21,200) (2.0%) (2.3%) (0.3%) (0.4%) (3.4%) © 2008 All Rights Reserved - The REI Brain. For More Actionable Real Estate Investing Information, visit http://www.thereibrain.com/ Roanoke Virginia Beach Winchester Washington Bellingham Bremerton Kennewick Longview Mount Vernon Olympia Seattle (D) Spokane Tacoma (D) Wenatchee Yakima West Virginia Charleston Huntington Morgantown Parkersburg Weirton Wheeling Wisconsin Appleton Eau Claire Fond Du Lac Green Bay Janesville La Crosse Madison Milwaukee OshkoshNeenah Racine Sheboygan Wausau Wyoming Casper Cheyenne 475 2,796 361 387 496 941 176 254 950 3,492 845 1,267 319 461 276 101 36 117 59 37 402 287 81 466 162 248 682 909 303 201 76 197 218 141 475 4,996 373 438 502 974 180 270 1,210 7,363 1,635 1,868 351 604 440 113 105 135 59 37 453 422 118 598 183 356 1,374 1,553 412 350 138 379 285 159 25% 21% 21% 17% 19% 30% 26% 24% 38% 27% 37% 27% 32% 49% 52% 18% 39% 31% 32% 13% 21% 30% 19% 19% 14% 42% 23% 18% 28% 27% 19% 27% 36% 18% (2,400) (8,300) (3,100) (3,300) (5,100) 2,700 (1,900) (2,000) (1,900) (61,100) (8,900) (7,700) (3,400) (3,100) (2,700) (1,800) 200 (700) (1,000) (600) (3,600) (2,800) (2,300) (3,100) (3,300) (3,100) (5,200) (44,800) 0 (2,900) (2,600) (3,400) (900) (100) (1.5%) (1.1%) (5.5%) (3.9%) (5.9%) 2.8% (5.1%) (4.1%) (1.8%) (4.1%) (4.1%) (2.7%) (8.1%) (3.9%) (1.8%) (1.5%) 0.3% (1.0%) (2.1%) (0.9%) (3.0%) (3.4%) (4.7%) (1.8%) (4.8%) (4.1%) (1.5%) (5.2%) 0.0% (3.6%) (4.0%) (4.7%) (2.2%) (0.2%) 7.6% 7.0% 8.0% 7.8% 7.3% 6.1% 12.9% 9.1% 7.1% 8.8% 8.3% 9.1% 5.9% 7.2% 7.3% 8.5% 5.3% 10.0% 12.8% 9.1% 8.4% 7.1% 9.2% 8.4% 12.8% 6.8% 6.1% 9.5% 7.9% $138,723 25% $187,857 29% $145,115 23% $211,610 $259,500 $159,143 $138,788 $190,800 $232,500 $355,000 $171,910 $227,953 $185,875 $141,317 $121,875 $84,093 $117,265 $82,530 $74,574 $75,156 $109,781 $110,082 $113,810 $137,552 $109,988 $114,704 $215,337 $199,170 36% 35% 25% 24% 30% 32% 43% 30% 31% 29% 26% 23% 19% 23% 16% 16% 15% 17% 20% 19% 23% 19% 21% 31% 33% 0.4 2.9 0.0 3.7 5.6 3.8 0.3 1.0 5.8 6.0 5.5 4.5 0.0 2.1 0.6 0.5 0.3 0.3 0.5 0.3 0.8 2.1 1.1 2.7 2.6 1.4 5.0 5.2 0.6 3.9 4.2 1.9 1.4 0.0 $109,626 18% 10.8% $138,649 22% 9.3% $123,998 22% 8.8% $115,601 19% 6.6% 6.1% $118,635 20% $116,637 17% * The government defines metro areas and includes metro divisions within some areas. In these instances, we report at the more detailed division level, because that is what most of our clients use for decision making. For example, we report on the Los Angeles and Orange County divisions separately, rather than the Los Angeles MSA, which includes both Los Angeles and Orange counties. We also use the more colloquial names used by business people, so we refer to the "Santa Ana-Anaheim-Irvine" division as "Orange County." For the government definitions, visit: http://www.census.gov/population/www/metroareas/lists/2007/List1.txt © 2008 All Rights Reserved - The REI Brain. For More Actionable Real Estate Investing Information, visit http://www.thereibrain.com/ Savvy Investors ONLY: The REI Brain dot Com Readers Make More Money. Period. There’s two types of real estate investors. Investors who work hard and hardly make any money (95% of “investors” fit this category)… mostly because they spend 95% of their time “learning” rather than “doing”. …And Investors who work smart and follow the “learn, implement, profit, learn more, implement more, profit more” mindset. Which group do you fall in? Sometimes the truth hurts. Do You Want To Make More Money In Real Estate? The key to making more in real estate is to learn what you need to learn RIGHT NOW to take the NEXT step… nothing more. Then implement that BEFORE you go out to learn ANYTHING ELSE. The REI Brain dot Com Helps You Implement and Earn More… and It’s Completely Free… Sounds Crazy huh? Join the REI Brain Newsletter for Free Today… and receive more step by step tutorials, resources, articles, and more… completely free. Sounds pretty refreshing huh? Truly valuable real estate education… for free. What a concept! © 2008 All Rights Reserved - The REI Brain. 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