May 2011

There are 3 blog entries for May 2011.

A Perspective on Why Home Sales Will Rise This Year

Thursday, May 26th, 2011 at 3:48pm. 596 Views, 0 Comments.

Is this good news or bad news?  For sellers, it's great...for buyers, it's not so bad.  In fact, it's another sign pointing to the fact that now is the time to buy and sell.

Lawrence Yun is the chief economist of the National Association of Realtors and he shares is thoughts on why he believes home sales will rise this year.

The first quarter ended with decent home sales activity, with existing homes selling at an annualized pace of 5.1 million.  The remainder of the year should be better still for the following reasons:

  • More jobs
  • Rising stock market wealth
  • Rising apartment rents
  • Continuing high affordability conditions
  • Home values at historically justifiable levels
  • Investors looking to hedge against inflation
  • Foreigners buying U.S.

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Home Remodeling a Forward Indicator of Housing Bottom

Thursday, May 19th, 2011 at 11:02am. 655 Views, 0 Comments.

Home Remodeling a Forward Indicator of Housing Bottom

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Builders who specialize in home remodeling are seeing a better market than they have in years according to the National Association of Home Builders' (NAHB) Remodeling Market Index (RMI)released on Friday.  The index rose to 46.5 in the first quarter of the year from 41.5 in the fourth quarter of 2010. 

The current RMI is the highest the index has been since the fourth quarter of 2006.

The RMI is based on builders' perceptions of current remodeling activity and on indicators of future activity such as calls for bids.  In addition to the RMI there is an index reflecting each of its two components.  Any score of less than 50 indicates more respondents view the

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Gen X to Lead Housing Recovery

Tuesday, May 17th, 2011 at 1:33pm. 576 Views, 0 Comments.

I just read an article in one my favorite trade magazines, The Residential Specialist.  It is distributed by the folks from my CRS designation.  For those of you who don't know what those funny letters that follow my name on my business cards mean, here you go.  CRS stands for Certified Residential Specialist and GRI stands for Graduate REALTOR Institute.  Both are programs that support me as a residential specialist.  They both required an extensive amount of education and completion of many information packed classes.  I'm proud of both of these designations and appreciate the information I receive that can the be passed on to you!  But I digress...the title of this blog post is about Gen X and how it's going to lead the charge on the recovery of the

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