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QUOTE OF THE WEEK... "Personally, I don't think there's intelligent life
on other planets. Why should other planets be any different from this
one?" --Bob Monkhouse, English comedian
INFO THAT HITS US WHERE WE LIVE ... Whether or not you see intelligent life in the housing market, at least there is life evident. People continue to buy homes and prices keep moving ahead. The Case-Shiller Home Price Index was up 0.1% in March, and is up 5.2% in the last year. That's a bigger annual gain than the 4.3% logged for the year ending March 2015. The index has been driven by some hot metros (Denver, Portland, Seattle), but also by the tight supply in markets across the country. The Case-Shiller Index Committee's managing director said, "The low inventory...means that would-be sellers seeking to trade up are having a hard time finding a new, larger home."
But he added, "This may be starting to change: starts of single family homes in February were the highest since November 2007. The single-family home share of total housing starts was...approaching the 75%-80% range seen before the housing crisis." The chief economist at an online real estate site observed, "Despite facing some broader economic headwinds, market demand remains healthy." This enthusiasm in many regions may entice more owners to bring their homes onto the market. One source of comprehensive housing data reported Q1 saw the highest rate of home flips in two years and the biggest profits since the end of 2005. There are values out there.
BUSINESS TIP OF THE WEEK... Building trust with your clients is the foundation of your success. And to build trust, being consistent is key.
INFO THAT HITS US WHERE WE LIVE ... Whether or not you see intelligent life in the housing market, at least there is life evident. People continue to buy homes and prices keep moving ahead. The Case-Shiller Home Price Index was up 0.1% in March, and is up 5.2% in the last year. That's a bigger annual gain than the 4.3% logged for the year ending March 2015. The index has been driven by some hot metros (Denver, Portland, Seattle), but also by the tight supply in markets across the country. The Case-Shiller Index Committee's managing director said, "The low inventory...means that would-be sellers seeking to trade up are having a hard time finding a new, larger home."
But he added, "This may be starting to change: starts of single family homes in February were the highest since November 2007. The single-family home share of total housing starts was...approaching the 75%-80% range seen before the housing crisis." The chief economist at an online real estate site observed, "Despite facing some broader economic headwinds, market demand remains healthy." This enthusiasm in many regions may entice more owners to bring their homes onto the market. One source of comprehensive housing data reported Q1 saw the highest rate of home flips in two years and the biggest profits since the end of 2005. There are values out there.
BUSINESS TIP OF THE WEEK... Building trust with your clients is the foundation of your success. And to build trust, being consistent is key.
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