Daniel M. Parkman, Sr. Blog
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Unemployment Olympics
Unemployment Olympics
Christopher Dawes tosses an office phone during the Unemployment Olympics in New York, Tuesday, March 31, 2009. The lighthearted competition was only open to the unemployed, and included a such games as ‘Pin the Blame on the Boss’ and ‘Office Telephone Toss’.
http://news.yahoo.com/nphotos/Unemployment-Olympics/ss/events/lf/033109unemployolymp
Record 19% Drop in U.S. Homes Prices in January 2009
Record 19% Drop in U.S. Home Appraised Values
US home prices drops set records in Jan.
By ALAN ZIBEL, AP Real Estate Writer Alan Zibel, Ap Real Estate Writer 15 mins ago
WASHINGTON – Home prices sank by the sharpest annual rate on record in January, and the pace continues to accelerate, but there were a handful of battered metro areas where price declines slowed, according to data released Tuesday.
The Standard & Poor’s/Case-Shiller index of home prices in 20 major cities tumbled by a record 19 percent from January 2008. It was the largest decline since the index started in 2000. The 10-city index dropped 19.4 percent, also a new record.
All 20 cities in the report showed monthly and annual price declines, with 13 posting new annual records. Prices dropped by more than 10 percent in 14 cities. Faring better were Dallas, Denver and Cleveland, with annual price declines of around 5 percent.
“There are very few bright spots that one can see in the data,” David Blitzer, chairman of S&P’s index committee, said in a prepared statement. “Most of the nation appears to remain on a downward path.”
In the Cleveland, Los Angeles, Las Vegas and Washington D.C. metro areas — all ravaged by foreclosures_ annual price declines eased somewhat. Meanwhile, six cities, including Minneapolis, Charlotte, Seattle and New York, showed smaller price declines in January compared with December.
Last week, the National Association of Realtors said sales of previously occupied homes unexpectedly jumped in February by the largest amount in nearly six years as first-time buyers took advantage of deep discounts on foreclosures and other distressed properties. Some economists say that could help moderate declines.
“We still think there is a good chance the rate of (price) decline will slow through the spring as existing home sales stabilize and perhaps pick up a bit, but foreclosures are weighing heavily on prices,” wrote Ian Shepherdson, chief U.S. economist at High Frequency Economics.
Prices in the 20-city index have plummeted 29 percent from their peak in summer 2006, while the 10-city index has fallen 30 percent. Prices have sunk back to levels not seen since late 2003, and analysts say the ultimate drop in prices could easily be 35 percent or greater in some metros.
To provide some relief, Congress in February passed a new $8,000 tax credit for first-time homebuyers and President Barack Obama is directing $75 billion to a new foreclosure prevention plan. But the success of those efforts could well depend on how far the U.S. economy falls.
Some slivers of hope about the economy buoyed consumers in March and consumer confidence crept upward for the first time in four months, the Conference Board said Tuesday.
“We have seen some signs of improvement in the economy, but they are subtle,” said Bernard Baumohl, chief global economist at the Economic Outlook Group.
Lennar Corp.’s chief executive also said there are some signs suggesting the housing market is beginning to stabilize, but he’s not projecting significant improvement for some time.
Stuart Miller blamed weak consumer confidence and competition from deeply discounted foreclosed properties for a 28 percent decline in new home orders in its most recent fiscal quarter.
But Miller told Wall Street analysts Tuesday there’s been a discernible uptick in sales this month, though believes it’s too early to say it’s a defining trend
What U.S. $1 Million Buys in Homes Worldwide
$1M Houses Worldwide
What $1 Million Buys in Homes Worldwide
From One-Bedroom Apartments to McMansions, Tour Real Estate Around the Globe
By MATT WOOLSEY
Forbes.com
Jan. 5, 2008 Special to ABCNEWS.com —
Home prices in many parts of the world swelled last year, with Eastern European and Scandinavian markets leading the way with double-digit growth.
The result? On foreign soil, $1 million buys less than ever.
In London, it’ll get you a one-bedroom, one-bathroom flat in Primrose Gardens. You’ll save on cabs, however; the building is steps from the Belsize Park tube station. In Hong Kong, $1 million buys a three-bedroom, 825-square-foot apartment in a high-rise between the residential areas of Aberdeen and Pokfulam.
Click here to see more about what $1 million buys in homes worldwide at our partner site, Forbes.com.
Shoppers in New York don’t get much more space. A 647-square-foot Turtle Bay condo, not far from the United Nations, nips the seven-figure mark, and some may say justly: The property features a 45-square-foot balcony, white oak floors and 11-and-a-half-foot ceilings.
Forbes.com looked for million-dollar properties representative of the world’s offerings and found a range of apartments, townhouses, lofts and vacation homes on every continent, excluding Antarctica. In emerging markets like South Africa or Egypt, $1 million might buy a small estate. In major cities like Paris, Sydney and Dublin, you’re likely limited to apartments.
Costly City Dwellings
In places such as these, convenience of commute, access to leisure pursuits and the prestige of a prime address like Kensington or the Sutton Place means that prices will grow so long as wealth does.
“The growth of wealth in recent years is a real and substantial trend,” says Liam Bailey, head of residential research for London-based property adviser Knight Frank. “Over the next five years, we believe the trend of growing wealth and greater wealth concentration will continue.”
And if it comes in the form of pounds sterling and euros, American real estate as a result looks incredibly cheap. One example: the luxurious residences at The Plaza in New York–many listed for upward of $10 million–are filling fast with Europeans.
But it’s not just marquee properties that are going to overseas investors. Jonathan Miller, director of research at Radar Logic, a New York real estate research firm, estimates that one-third of Manhattan condo sales over the last year have gone to foreign buyers.
Top Performers
However, those who prefer to stay home should fare just as well. That’s because, while U.K. prices have spiked almost 10% this year, according to Savills, a London-based real estate research firm, both mature and growing markets have outperformed it.
“It is not just the emerging markets such as Poland and Bulgaria that are enjoying strong growth,” says Charles Weston-Baker, director of Savills’ International Residential Department. “Traditional markets such as Canada, Sweden and Spain all outperformed the U.K.”
Here, though, buyers of million-dollar prices still get more than they would for a comparably priced property in London. In Montreal, $1 million buys a three-bedroom, three-bathroom, Art Deco-style home with a deck overlooking rear gardens and three fireplaces.
A good investment? It’s likely. Although “price growth this year will be lower,” says Bailey, “we predict prime markets will outperform mainstream markets by quite a margin.”
World’s Most Expensive Homes
World's Most Expensive Homes
http://abcnews.go.com/Business/popup?id=4200178&contentIndex=1&page=1&start=false
Trump Flips $41M Manse for $100M
Trump Flips $41M for $100M
U.S. $745M World Record Manse Sold
$745M World Record - Villa Leopolda
3 Oceanfront & Golf Projects Auctioned in a Single Day
3 Florida Oceanfront, Beachside & Golf Projects Auctioned
George & Gretchen Anderson, Frank Durabi and Gerry Finke are
partners. They auctioned these 3 Oceanfront, Beachside and Golf
Projects. The trio are located in Florida @ Beachwalk on Vilano Beach,
Summer Island on St. Augustine Beach and Sherwood Oaks @ the
Monastery Golf & Country Club in Orange City. George Anderson is
also the Developer of the luxurious $150 million Wyndham Ocean Walk
Resort in Daytona Beach http://www.oceanwalk.com .
(left to right) Tom, Narcine, Daniel Parkman, Jan Landry, Anne & Jake
A little Rest & Relaxation after the 2 Auction Events which were held in
both St. Augustine Beach & Orange City, Florida on the same day.
1,389 Properties Auctioned in a Single Day with Coldwell Banker in 5 FL Projects
Judy Rae Miller
Estate Liquidation of 1,389 Properties @ Sebring, Florida
Mickey Miller had developed over 2,500 properties in Sebring Lakes &
Lake Placid, Florida. His estate is being liquidated by his son, Steve
Miller. Steve & his wife, Judy, were then owners of the Coldwell
Banker Real Estate office, title and mortgage companies. The estate
consists of: a 45,788 square foot warehouse & a commercial office
building. In addition, there are land tracts and homesites as follows:
6 commercial land tracts totaling 55 acres, 101 acre and a quarter lots,
100 villa/duplex lots, 5 MH lots, 27 eighty foot lots and 1,148 forty foot
lots. All 1,389 properties sold & closed ! Guaranteed Seller Financing is
being offer at: 30% down, 70% LTV, 8.5% fixed rate, 5 year balloon
with a 10 year amortization schedule. Steve decided to commission our
services after he witnessed our success with Frank Mackle, III (the
Mackle Brothers sold 31,000 condos & houses; and sold 50,000
homesites in a single year – a World Record
Judy Rae Miller
Judy Miller is http://heathrowrealty.com/judy_miller_bio.htm
associated with Heathrow Realty. Geno Paolucci & Ted Glasrud were
the Developers of Heathrow, Florida.
Our staff in one a many ballrooms across America on auction day (from back to front & left to right) Daniel M. Parkman, Sr., Nic Daugente, Scott, Frank Provenzano, Chip, Hank, Drew Padula, Tom, Bruce, Klaus & Dean. Annette, Jan Landry, Marie, Virginia Oros, Shelly, Narcine, Kim & Lisa.
Ever wonder what 1,389 Sold Properties looks like @ auction ?
Answer: the Available Board is Empty !
Mackle Brothers, Deltona Corp., General Development
Frank Mackle, III , CEO of The Mackle Company www.themacklecompany.com . The Mackle Companies have been conducting business in Florida for 100 years. They were the original developers of Key Biscayne http://www.keylife.com/history/ . Mackle built and sold over 81,000 condominiums, homes, lots and the Key Biscayne Hotel & Villas. Mackle set a world record by having sold almost 50,000 homesites in a single year. Their enterprises owned or controlled more than 200,000 acres in Florida thru the Mackle Brothers, Deltona Corporation www.deltona.com and General Development (GDC).
The Mackle family developed 16 Master Planned Communities including: St. Augustine Shores, Tampa Palms www.tpoa.net , Port St. Lucie, Vero Beach Highlands, Port Charlotte, Sebastian Highlands, Vero Shores, Deltona Lakes, Sunny Hills, Marco Island,
http://www.cityofmarcoisland.com/Public_Documents/marcoislandfl_WebDocs/mackles
Palm Bay, Port John, Marco Shores, Marion Oaks, Citrus Springs, Pine Ridge & Seminole Woods. These communities ranged in size from 2,000 to 15,000 acres.
Frank Mackle,III is pleased to announce he has successfully closed out his Meadowlake project, consisting of 43 properties, with Daniel M. Parkman, Sr. and his group. This was accomplished by utilizing the close out exit strategy and implementing the luxury auction platform. The proceeds, on a net present value basis, exceeded Frank’s most optimistic projections for continuing to market the project.
Miller Group, Lennar – America’s #1 Builder & John D. Mac Arthur #3 of Forbes 400
Daniel, Irving & Roger Miller, Miami
The Miller Group of Companies www.millergp.com consists of over 30 active real estate companies founded in 1951 by Irving E. Miller. Over the past 58 years The Miller Group has developed and/or sold over 250,000 acres of commercial and residential property in South and Northern Florida, built over 25 hotels, motels and apartment buildings, and constructed and owned over 3 million square feet of commercial property.www.Lennar.com America’s largest builder. For more than 20 years, Irving served as a strategic real estate advisor and partner with John D. MacArthur who was #3 on Forbes 400 www.macfound.org with $7 Billion in assets; one of Florida’s largest owners of property and the owner of more than 13 insurance companies including Bankers Life & Casualty Insurance Company. Mr. Miller is also a principal of Bedford Capital Corp. a New York based investment banking firm. Mr. Miller is a graduate of Brown University and Boston University School of Law.
Irving is elder brother to Leonard Miller, founder of
Irving Miller is pleased to announce he has successfully closed out his Jupiter Farm Estates project, consisting of 100 properties, with Daniel M. Parkman, Sr. and his team. This was done by utilizing the close out exit strategy and implementing the luxury auction platform. Irving was impressed with the aggressive marketing campaign and the tremendous results achieved.
Daniel M. Parkman, Sr. Blog 