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GOOD NEWS! Pending Home Sales UP 49%
“The price of new homes is fixin’ to RISE…
In other words, Beat the Crowd!”
Hello, Friends!
When was the last time you heard THAT???
Today, we thought we’d pass along this VERY GOOD NEWS to give your spirits a better-than-average lift. Reading graphs like this is such a pleasure…
Pending Home Sales are UP 49% over last year!
Great news – statisically speaking. Market stats (as provided by the CDA Multiple Listing Service) shows that PENDING HOME SALES ARE UP 49% when comparing May and June of 2010 to May and June of June 2011. Right now a very hot segment of the market are those homes selling for less than $200k. If you are thinking of selling…there are plenty of investors in the market.
Call us for more info if you’re interested in Buying or Selling!
We’d love to help you find the perfect property under (or over!) $200K.
208-660-0506
AND THERE’S MORE!
We thought you would like the article we posted a few weeks ago, originally posted in Fortune Magazine, by Shawn Tully, senior editor-at-large.
Real Estate: It’s Time to Buy Again
Forget stocks. Don’t bet on gold. After four years of plunging home prices, the most attractive asset class in America is housing.…(click on this link to read the entire article)
Enjoy!
Good News: Existing Home Sales Jump
As you wander through life,
whatever be your goal,
keep your eye on the donut
and not on the hole!
-Sign in the Mayflower Coffee Shop, Chicago
This quote came to us through our Windermere Coeur d’Alene Realty newsletter this week, and we thought you would appreciate it.
It’s also a great introduction to the Market News that we want to pass along to you today. It’s GOOD NEWS, especially in the context of the news of recent years.
Daily Real Estate News | January 20, 2011
REALTOR® Magazine-Daily News-December Existing-Home Sales JumpExisting-home sales rose sharply in December, when sales increased for the fifth time in the past six months, according to the National Association of REALTORS®.
Existing-home sales, which are completed transactions that include single-family, townhomes, condominiums and co-ops, rose 12.3 percent to a seasonally adjusted annual rate of 5.28 million in December from an upwardly revised 4.70 million in November, but remain 2.9 percent below the 5.44 million pace in December 2009.
Lawrence Yun, NAR chief economist, said sales are on an uptrend. “December was a good finish to 2010, when sales fluctuate more than normal. The pattern over the past six months is clearly showing a recovery,” he said. “The December pace is near the volume we’re expecting for 2011, so the market is getting much closer to an adequate, sustainable level. The recovery will likely continue as job growth gains momentum and rising rents encourage more renters into ownership while exceptional affordability conditions remain.”
The national median existing-home price for all housing types was $168,800 in December, which is 1.0 percent below December 2009. Distressed homes rose to a 36 percent market share in December from 33 percent in November, and 32 percent in December 2009.
“The modest rise in distressed sales, which typically are discounted 10 to 15 percent relative to traditional homes, dampened the median price in December, but the flat price trend continues,” Yun explained.
We’ve been focusing on the donut instead of the hole – and we’ve already closed several transactions in 2011!
We have strategies that WORK! We can help you buy or sell real estate this year. Call us Today!
Randy or Christy Oetken
208-660-0506
