Wednesday, July 27, 2011

Lifting is hard, but it makes you stronger


I work for a company that makes you lift the heavy things. As a matter of fact it is the focus and not something you do only when you have to. Sometimes this is what I like least about working here. Things that are hard to do are hard to do. As a matter of fact, I don't know anyone who loves to do it, but as any great lifter could tell you, the results are very satisfying. Our President, Joe King, is fond of saying "I want us to be tomorrow's real estate company today". This is a tall order, this is the heavy stuff. Sure it is not that difficult to achieve certain feats of strength once, but the hard part of "tomorrow's real estate company today." is that tomorrow is always the future. In order to keep up with tomorrow, we must do the heavy lifting, today. But the results that we are achieving, for tomorrow, are well worth the push and the strain today. We have become far stronger in all areas of our business, marketing,technology,organizationally, community/charitable involvement and most of all - agent development. None of this has been easy, but the results look really good on us.

Thursday, July 21, 2011

NAR Market overview

CBWS Anderson East Regional
A good market overview from the NAR: http://goo.gl/tBkqI
June Existing-Home Sales Slip on Contract Cancellations, but Prices Stabilize
www.realtor.org
Existing-home sales eased in June as contract cancellations spiked unexpectedly, although prices were up slightly, according to the National Association of Realtors®...

Wednesday, July 20, 2011

Quick market update


Currently,in our area, home prices are holding fairly steady and will most likely do so for the next 2 months. Until the mortgage companies unleash the back log of foreclosures (caused by the "robo signing" debacle). This hold up has reduced the number of "lender involved" properties on the market, by roughly 25%. When these come onto the market , and at what pace, property values will drop another few percent. This, according to the majority of economists, will happen this fall. Home sellers should price their homes to sell now - they may not see the same values, again, for 2 years.
This fall will be "The" best time, perhaps in generations, to buy a home. Prices will definitely be at their lowest and interest rate will still be around historic lows. We expect a buyer frenzy, as wll as a great time for investors.
About the middle of the first quarter of 2012, will bring about the end of this market and the begining of next. We should begin to see an uptick in prices, which if all goes as economists predict, will continue until sometime in 2015.
It is necessary that we finish this correction. It is also worthy to note, as prices begin to "tick up" late winter/early spring of next year, they will be comming in off their lowest point...they will be comming off the bottom.
The people who buy this fall, if they hold onto their homes for 3-5 years, should see good appreciation. What has come down, will go back up. and once it is up, it will not do so forever.
Take advantage of the market, but I advise buying a house to be a home and not an investment. This fall will be a great time to buy that home.

Monday, July 18, 2011