Comments on: Zombie Subdivisions – The Living Dead of the Real Estate Market http://www.therealestatebloggers.com/2009/05/27/zombie-subdivisions-the-living-dead-of-the-real-estate-market/ Real Estate Blog, Mortgage, and Development News Sat, 21 Nov 2009 03:38:54 -0600 http://wordpress.org/?v=2.8.6 hourly 1 By: The Ponds http://www.therealestatebloggers.com/2009/05/27/zombie-subdivisions-the-living-dead-of-the-real-estate-market/comment-page-1/#comment-381981 The Ponds Mon, 01 Jun 2009 19:02:51 +0000 http://www.therealestatebloggers.com/2009/05/27/zombie-subdivisions-the-living-dead-of-the-real-estate-market/#comment-381981 A consideration when building developments is the surrounding city and community. When new communities are struggling due to the economy, a positive direction is to bring the community together through events, festivals, art showings, and family activities. The Ponds community in Summerville, South Carolina is a great example of a community that strives to bring energy and life to the neighborhood, even when times are tough. Visit www.discovertheponds.com. A consideration when building developments is the surrounding city and community. When new communities are struggling due to the economy, a positive direction is to bring the community together through events, festivals, art showings, and family activities. The Ponds community in Summerville, South Carolina is a great example of a community that strives to bring energy and life to the neighborhood, even when times are tough. Visit http://www.discovertheponds.com.

]]> By: Canton real estate http://www.therealestatebloggers.com/2009/05/27/zombie-subdivisions-the-living-dead-of-the-real-estate-market/comment-page-1/#comment-381903 Canton real estate Mon, 01 Jun 2009 11:41:50 +0000 http://www.therealestatebloggers.com/2009/05/27/zombie-subdivisions-the-living-dead-of-the-real-estate-market/#comment-381903 We have neighborhoods in north Atlanta where the slabs have been built and nothing else. They look like large cemetaries. I feel bad for the people who bought first in those neighborhoods. I could be over a decade until the subdivisions are built out. We have neighborhoods in north Atlanta where the slabs have been built and nothing else. They look like large cemetaries. I feel bad for the people who bought first in those neighborhoods. I could be over a decade until the subdivisions are built out.

]]> By: Bill Rice http://www.therealestatebloggers.com/2009/05/27/zombie-subdivisions-the-living-dead-of-the-real-estate-market/comment-page-1/#comment-380972 Bill Rice Thu, 28 May 2009 16:16:49 +0000 http://www.therealestatebloggers.com/2009/05/27/zombie-subdivisions-the-living-dead-of-the-real-estate-market/#comment-380972 This is a serious problem. I agree with Talani, this "shadow" housing inventory is going to have an unknown effect on long-term housing prices and recovery. There is one across from my subdivision, here in Michigan. It only has a couple of homes into--it is a sad site for the economy and those couple of families. Can you imagine attempting to sell those two homes in a sea of 250 stake-only lots? This is a serious problem. I agree with Talani, this “shadow” housing inventory is going to have an unknown effect on long-term housing prices and recovery.

There is one across from my subdivision, here in Michigan. It only has a couple of homes into–it is a sad site for the economy and those couple of families. Can you imagine attempting to sell those two homes in a sea of 250 stake-only lots?

]]> By: So much housing news - where to start?: Taylor Anderson, PE http://www.therealestatebloggers.com/2009/05/27/zombie-subdivisions-the-living-dead-of-the-real-estate-market/comment-page-1/#comment-380891 So much housing news - where to start?: Taylor Anderson, PE Thu, 28 May 2009 12:07:12 +0000 http://www.therealestatebloggers.com/2009/05/27/zombie-subdivisions-the-living-dead-of-the-real-estate-market/#comment-380891 [...] from even last year. Generally, permits and starts are down for April 2009 about 50%. The number of “Zombie Subdivisions” is a major concern too - with lot inventory so high that even in the usually stable coastal markets [...] [...] from even last year. Generally, permits and starts are down for April 2009 about 50%. The number of “Zombie Subdivisions” is a major concern too – with lot inventory so high that even in the usually stable coastal markets [...]

]]> By: Jason Sandquist http://www.therealestatebloggers.com/2009/05/27/zombie-subdivisions-the-living-dead-of-the-real-estate-market/comment-page-1/#comment-380724 Jason Sandquist Thu, 28 May 2009 03:17:47 +0000 http://www.therealestatebloggers.com/2009/05/27/zombie-subdivisions-the-living-dead-of-the-real-estate-market/#comment-380724 Banks haven't had to plow down any sub-divisions around the Twin Cities... yet. We have are fair share of missed developments, but nothing to drastic. Banks haven’t had to plow down any sub-divisions around the Twin Cities… yet. We have are fair share of missed developments, but nothing to drastic.

]]> By:   Quick scan of the net - coldwell banker real estate — Gown Town Evasion http://www.therealestatebloggers.com/2009/05/27/zombie-subdivisions-the-living-dead-of-the-real-estate-market/comment-page-1/#comment-380646   Quick scan of the net - coldwell banker real estate — Gown Town Evasion Wed, 27 May 2009 22:43:20 +0000 http://www.therealestatebloggers.com/2009/05/27/zombie-subdivisions-the-living-dead-of-the-real-estate-market/#comment-380646 [...] http://www.therealestatebloggers.com/2009/05/27/zombie-subdivisions-the-living-dead-of-the-real-esta...“What we saw from an appraisal and real estate point of view was that we really peaked about the third quarter of 2005,” said Tom Shoaf, a broker with Coldwell Banker Sea Coast Realty. “But by then, the permits had been pulled for a lot … [...] [...] http://www.therealestatebloggers.com/2009/05/27/zombie-subdivisions-the-living-dead-of-the-real-esta…“What we saw from an appraisal and real estate point of view was that we really peaked about the third quarter of 2005,” said Tom Shoaf, a broker with Coldwell Banker Sea Coast Realty. “But by then, the permits had been pulled for a lot … [...]

]]> By: talani casariego http://www.therealestatebloggers.com/2009/05/27/zombie-subdivisions-the-living-dead-of-the-real-estate-market/comment-page-1/#comment-380607 talani casariego Wed, 27 May 2009 16:25:06 +0000 http://www.therealestatebloggers.com/2009/05/27/zombie-subdivisions-the-living-dead-of-the-real-estate-market/#comment-380607 I am a real estate appraiser and have been giving this problem some thought for the last year or so. I think that it would help if counties published the statistical data about how many houses are under construction (building permits) and how many Certificates of Occupancies's have been issued so that appraisers, lenders and small developers have good pipeline data. This information is already gathered by most counties, it just isn't published in any way. An ongoing list of # of new home permits pulled in the month, # of renovation job permits and # of demolition permits along with the # of CO's issued in that month would make a huge difference in teh quality of appraisal the banks and developers are getting. I am a real estate appraiser and have been giving this problem some thought for the last year or so. I think that it would help if counties published the statistical data about how many houses are under construction (building permits) and how many Certificates of Occupancies’s have been issued so that appraisers, lenders and small developers have good pipeline data. This information is already gathered by most counties, it just isn’t published in any way. An ongoing list of # of new home permits pulled in the month, # of renovation job permits and # of demolition permits along with the # of CO’s issued in that month would make a huge difference in teh quality of appraisal the banks and developers are getting.

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