|By PR Newswire||
|November 28, 2012 07:16 PM EST||
LOS ANGELES, Nov. 28, 2012 /PRNewswire-iReach/ -- In the Golden State, the housing market isn't exactly golden. After all, this is the same state that saw nearly half of its existing home sales handled through foreclosures at the beginning of 2011! Luckily, though, California's housing market is starting to show some signs of promise. However, those signs are not popping up evenly.
What exactly does that mean? Selling your house in California isn't a day at the beach. However, the closer you get to the beach, the easier things get. Right now, the biggest signs of recovery can be found right along the coast. In San Diego, for example, home prices are 13% higher than they were this time last year, with prices getting higher the closer you get to the sand and surf. Demand is especially-high in San Diego County because the unemployment rate here has gone down 2% since 2010. But, remember, the name of the game in California's housing market these days is "uneven". Along with lower unemployment and higher demand, San Diego's higher home prices are also due to a falling inventory. In fact, over the past year, the number of San Diego homes for sale has dropped 35%. So, for the people who are selling their homes, it's a good thing – because there's less competition to worry about. But for the people who are looking to buy, it means spending more money and having less variety to choose from. The situation is a little more stable in Los Angeles. In fact, the number of home sales AND prices increased in October.
The only problem? Many Los Angeles' residents can't qualify for mortgages these days – especially as you head further east, away from the coast. So, even with a relatively-healthy inventory and low mortgage rates, a number of residents can't take advantage of them, which means that it will still take some time for the area to recover. Head further north, and you'll see an even better picture. That's because the Bay Area has gotten an influx of jobs lately, which has helped San Francisco's real estate market. But instead of focusing on traditional single-family homes, developers there are focusing more on condos and other multi-family units. What about the rest of the Golden State? Like we mentioned, the further you get from the beach, the tougher things get. And, it's those inland numbers that are pulling California down as a whole. In fact, according to a recent report from the Anderson School of Management at UCLA, home sales across the state have been flat for the past nine months. Plus, foreclosures continue to play a big role in California's overall housing market. Even though foreclosures aren't nearly as dominant as they were in 2011 – back when they accounted for 40% of California's home sales – they are still hanging around. Today, foreclosed homes make up about 20% of home sales in California. The only good news? That's less than the national average! So, what can California homeowners expect as we move into 2013? Until the inventory starts to go up, the Golden State will not be able to experience a true recovery. According to the UCLA report, we could start to see inventory numbers start to go up because home prices are starting to go up. Why? The theory is simple – if homeowners see other houses selling for more money, it will encourage them to put their own homes on the market. But until then, these uneven steps in the right direction are as good as it's going to get!
"SAP had made a big transition into the cloud as we believe it has significant value for our customers, drives innovation and is easy to consume. When you look at the SAP portfolio, SAP HANA is the underlying platform and it powers all of our platforms and all of our analytics," explained Thorsten Leiduck, VP ISVs & Digital Commerce at SAP, in this SYS-CON.tv interview at 15th Cloud Expo, held Nov 4-6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
Dec. 29, 2014 11:00 AM EST Reads: 2,084
SAP is delivering break-through innovation combined with fantastic user experience powered by the market-leading in-memory technology, SAP HANA. In his General Session at 15th Cloud Expo, Thorsten Leiduck, VP ISVs & Digital Commerce, SAP, discussed how SAP and partners provide cloud and hybrid cloud solutions as well as real-time Big Data offerings that help companies of all sizes and industries run better. SAP launched an application challenge to award the most innovative SAP HANA and SAP HANA...
Dec. 29, 2014 11:00 AM EST Reads: 2,263
If cloud computing benefits are so clear, why have so few enterprises migrated their mission-critical apps? The answer is often inertia and FUD. No one ever got fired for not moving to the cloud - not yet. In his session at 15th Cloud Expo, Michael Hoch, SVP, Cloud Advisory Service at Virtustream, discussed the six key steps to justify and execute your MCA cloud migration.
Dec. 29, 2014 11:00 AM EST Reads: 434
Eighty-five percent of companies store information in some sort of unstructured manner. In this demo at 15th Cloud Expo, Mark Fronczak, Product Manager at Solgenia, discussed their enterprise content management solution, which was created to help companies organize and take control of their digital assets.
Dec. 29, 2014 11:00 AM EST Reads: 432
The 3rd International @ThingsExpo, co-located with the 16th International Cloud Expo - to be held June 9-11, 2015, at the Javits Center in New York City, NY - announces that it is now accepting Keynote Proposals. The Internet of Things (IoT) is the most profound change in personal and enterprise IT since the creation of the Worldwide Web more than 20 years ago. All major researchers estimate there will be tens of billions devices - computers, smartphones, tablets, and sensors - connected to th...
Dec. 29, 2014 11:00 AM EST Reads: 2,853
The Internet of Things will put IT to its ultimate test by creating infinite new opportunities to digitize products and services, generate and analyze new data to improve customer satisfaction, and discover new ways to gain a competitive advantage across nearly every industry. In order to help corporate business units to capitalize on the rapidly evolving IoT opportunities, IT must stand up to a new set of challenges. In his session at @ThingsExpo, Jeff Kaplan, Managing Director of THINKstrateg...
Dec. 29, 2014 11:00 AM EST Reads: 1,910
Scott Jenson leads a project called The Physical Web within the Chrome team at Google. Project members are working to take the scalability and openness of the web and use it to talk to the exponentially exploding range of smart devices. Nearly every company today working on the IoT comes up with the same basic solution: use my server and you'll be fine. But if we really believe there will be trillions of these devices, that just can't scale. We need a system that is open a scalable and by using ...
Dec. 29, 2014 11:00 AM EST Reads: 2,263
SYS-CON Events announced today that Gridstore™, the leader in hyper-converged infrastructure purpose-built to optimize Microsoft workloads, will exhibit at SYS-CON's 16th International Cloud Expo®, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. Gridstore™ is the leader in hyper-converged infrastructure purpose-built for Microsoft workloads and designed to accelerate applications in virtualized environments. Gridstore’s hyper-converged infrastructure is the ...
Dec. 29, 2014 11:00 AM EST Reads: 1,980
In her General Session at 15th Cloud Expo, Anne Plese, Senior Consultant, Cloud Product Marketing, at Verizon Enterprise, focused on finding the right mix of renting vs. buying Oracle capacity to scale to meet business demands, and offer validated Oracle database TCO models for Oracle development and testing environments. Anne Plese is a marketing and technology enthusiast/realist with over 19+ years in high tech. At Verizon Enterprise, she focuses on driving growth for the Verizon Cloud platfo...
Dec. 29, 2014 11:00 AM EST Reads: 2,635
Cloud has become an extension of today’s enterprise and the traditional perimeter has long disappeared. Increasing business requirements for agility and flexibility make the cloud-extended enterprise ideal for a workforce that works anywhere, anytime and any place. This is especially true as organizations are increasingly made up of third-party resources, partners and suppliers compared to just employees. However, traditional security models are not equipped to deal with the fluid nature of da...
Dec. 29, 2014 10:49 AM EST Reads: 171
The 3rd International @ThingsExpo, co-located with the 16th International Cloud Expo – to be held June 9-11, 2015, at the Javits Center in New York City, NY – is now accepting Hackathon proposals. Hackathon sponsorship benefits include general brand exposure and increasing engagement with the developer ecosystem. At Cloud Expo 2014 Silicon Valley, IBM held the Bluemix Developer Playground on November 5 and ElasticBox held the DevOps Hackathon on November 6. Both events took place on the expo fl...
Dec. 29, 2014 09:45 AM EST Reads: 892
"There is a natural synchronization between the business models, the IoT is there to support ,” explained Brendan O'Brien, Co-founder and Chief Architect of Aria Systems, in this SYS-CON.tv interview at the 15th International Cloud Expo®, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
Dec. 29, 2014 06:00 AM EST Reads: 2,985
The term culture has had a polarizing effect among DevOps supporters. Some propose that culture change is critical for success with DevOps, but are remiss to define culture. Some talk about a DevOps culture but then reference activities that could lead to culture change and there are those that talk about culture change as a set of behaviors that need to be adopted by those in IT. There is no question that businesses successful in adopting a DevOps mindset have seen departmental culture change, ...
Dec. 29, 2014 03:45 AM EST Reads: 1,848
The Internet of Things promises to transform businesses (and lives), but navigating the business and technical path to success can be difficult to understand. In his session at @ThingsExpo, Sean Lorenz, Technical Product Manager for Xively at LogMeIn, demonstrated how to approach creating broadly successful connected customer solutions using real world business transformation studies including New England BioLabs and more.
Dec. 29, 2014 02:00 AM EST Reads: 2,181
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Dec. 29, 2014 01:30 AM EST Reads: 2,698