Peter Payack Finance

Very interesting article over at ThinkMoney re: UK House Prices.

House prices. Who’s talking? Who’s listening?

Site Sift Directory is a premuim Real Estate Directory.

The site covers many aspects of the real estate industry, including: an agents/realtors a-z, commerical real estate, appraisers, developers, software and mortgages.

Site Sift has been online since 2004 building quality SEO links.

Site Sift is unique in that they offer a free directory script and have an active real estate webmaster community participation via their forum. Using the free directory script you can create your own directory - and make money from it.

As you can see from the back link stats below Site Sift has a lot of links coming into the site, and hence a lot of power in Google. 77,000 links in Yahoo reflects the age and the amount of authority the site has. Most sites that have been established for up to three years may only have as many 1000 links in Yahoo – so 77,000 is a real achievement and a good selling point for anyone considering buying a place in their Real Estate Directory.

Site Link Report:

Yahoo Backlink: 77,995

Google Backlinks: 266

Comparing the site to other industry leading websites really puts this number into perspective. Site Sift actually has more back links than Coke.com and Women.com put together.

Their traffic rating also shows a strong and steady amount of traffic flowing to the site.

Alexa Rating:

An interesting article over at www.FinancialDominance.com regarding the financial considerations new home owners should take if they are planning on getting a new home now.

Your future

Renting vs. buying

Interest rates…

WASHINGTON, July 24 /PRNewswire-USNewswire/ — After gaining in May,
existing-home sales declined in June with many potential buyers on the
sidelines, according to the National Association of Realtors(R).

Existing-home sales — including single-family, townhomes, condominiums
and co-ops — fell 2.6 percent to a seasonally adjusted annual rate(1) of
4.86 million units in June from a pace of 4.99 million in May, and are 15.5
percent lower than the 5.75 million-unit rate in June 2007.

NAR President Richard F. Gaylord, a broker with RE/MAX Real Estate
Specialists in Long Beach, Calif., said there is something of a quandary in
the current market. “A recent online survey of Realtors(R) shows nearly a
quarter of potential home buyers are waiting on the sidelines,” he said.
“However, timing the market can be very tricky, which is why home buyers
should always have a long-term view to build wealth.”

Total housing inventory at the end of June rose 0.2 percent to 4.49
million existing homes available for sale, which represents an 11.1.-month
supply(2) at the current sales pace, up from a 10.8-month supply in May.

Lawrence Yun, NAR chief economist, said first-time home buyers are
critical to the health of the housing market. “About four in 10 homes are
purchased by first-time buyers, which frees existing owners to trade up,”
Yun said. “With many potential first-time home buyers on the sidelines, a
first-time buyer tax credit would have a significant positive impact on
both housing and the economy. Combined with permanent increases to mortgage
loan limits and enhancing the FHA loan program, the housing stimulus
package working its way through Congress would go a long way toward helping
consumers and boosting the overall economy.”

The national median existing-home price(3) for all housing types was
$215,100 in June, down 6.1 percent from a year ago when the median was
$229,000.

Yun said there is a downward distortion in the price data. “With short
sales and foreclosures accounting for approximately one-third of
transactions, it’s hard to make an apples-to-apples comparison with a year
ago when they were only a minor portion of the market,” he said.

Despite the overall sales decline, unpublished snapshot data shows
existing-home sales rising significantly from a year ago in Bakersfield,
Calif.; Fort Myers, Fla.; and Las Vegas.

“Sales are now beginning to pick up in Orlando, Fla., Phoenix, and
Oakland, Calif.,” Yun said. “Interestingly, sales fell in Atlanta, Houston,
and Kansas City, Mo., despite affordable home prices and solid local
employment conditions.”

According to Freddie Mac, the national average commitment rate for a
30-year, conventional, fixed-rate mortgage rose to 6.32 percent in June
from 6.04 percent in May; the rate was 6.66 percent in June 2007.

Single-family home sales declined 3.2 percent to a seasonally adjusted
annual rate of 4.27 million in June from 4.41 million in May, and are 14.8
percent below the 5.01 million-unit pace in June 2007. The median existing
single-family home price was $213,800 in June, which is down 6.7 percent
from a year ago.

Existing condominium and co-op sales rose 1.7 percent to a seasonally
adjusted annual rate of 590,000 units in June from 580,000 in May, but are
19.7 percent below the 735,000-unit level a year ago. The median existing
condo price(4) was $224,200 in June, which is 2.2 percent lower than June
2007.

Regionally, existing-home sales in the West rose 1.0 percent in June to
a pace of 1.03 million but are 6.4 percent lower than a year ago. The
median price in the West was $288,400, which is 17.2 percent below June
2007.

In the South, existing-home sales fell 3.1 percent to an annual rate of
1.85 million in June, and are 18.1 percent below June 2007. The median
price in the South was $185,300, down 2.4 percent from a year ago.

Existing-home sales in the Midwest declined 3.4 percent to an annual
pace of 1.12 million in June, and are 17.6 percent below a year ago. The
median price in the Midwest was $175,300, up 2.8 percent from June 2007.

In the Northeast, existing-home sales fell 6.6 percent to an annual
rate of 850,000 in June, and are 15.8 percent below June 2007. The median
price in the Northeast was $256,700, down 12.6 percent from June 2007.

The National Association of Realtors(R), “The Voice for Real Estate,”
is America’s largest trade association, representing 1.2 million members
involved in all aspects of the residential and commercial real estate
industries.

(1) The annual rate for a particular month represents what the total
number of actual sales for a year would be if the relative pace for that
month were maintained for 12 consecutive months. Seasonally adjusted annual
rates are used in reporting monthly data to factor out seasonal variations
in resale activity. For example, home sales volume is normally higher in
the summer than in the winter, primarily because of differences in the
weather and family buying patterns. However, seasonal factors cannot
compensate for abnormal weather patterns.

Existing-home sales, which include single-family, townhomes,
condominiums and co-ops, are based on transaction closings. This differs
from the U.S. Census Bureau’s series on new single-family home sales, which
are based on contracts or the acceptance of a deposit. Because of these
differences, it is not uncommon for each series to move in different
directions in the same month. In addition, existing-home sales, which
generally account for 85 percent of total home sales, are based on a much
larger sample — nearly 40 percent of multiple listing service data each
month — and typically are not subject to large prior-month revisions.

(2) Total inventory and month’s supply data are available back through
1999, while single-family inventory and month’s supply are available back
to 1982. Condos were tracked quarterly prior to 1999 when single-family
homes accounted for more than nine out of 10 purchases (e.g., condos were
9.5 percent of transactions in 1998, 8.5 percent in 1990 and only 6.1
percent in 1982).

(3) The only valid comparisons for median prices are with the same
period a year earlier due to the seasonality in buying patterns.
Month-to-month comparisons do not compensate for seasonal changes,
especially for the timing of family buying patterns. Changes in the
geographic composition of sales can distort median price data. Year-ago
median and mean prices sometimes are revised in an automated process if
more data is received than was originally reported.

(4) Because there is a concentration of condos in high-cost metro
areas, the national median condo price can be higher than the median
single-family price. In a given market area, condos typically cost less
than single-family homes.

Existing-home sales for July will be released August 25, and the next
Forecast/Pending Home Sales Index is scheduled for August 7.

Information about NAR is available at http://www.realtor.org. This and other
news releases are posted in the News Media section. Statistical data in
this release, other tables and surveys also may be found by clicking on
Research.

REALTOR(R) is a registered collective membership mark which may be used
only by real estate professionals who are members of the NATIONAL
ASSOCIATION OF REALTORS(R) and subscribe to its strict Code of Ethics. Not
all real estate agents are REALTORS(R). All REALTORS(R) are members of NAR.