(Source: RISMEDIA - April 28, 2010)
Wednesday, April 28, 2010
New Home Sales Bounce Back
New Home Sales Bounce Almost 27% Higher in March 2010
Sales of new homes broke out of a four-month winter slump with a bang in March 2010, soaring 26.9% over February; the government recently said..READ MORE
(Source: RISMEDIA - April 28, 2010)
(Source: RISMEDIA - April 28, 2010)
Tuesday, March 9, 2010
Feds vs. Raw Data - Both Positive Market Outlook
Should you listen to the Feds or the latest pending home sales numbers?
Feds recently found positive signs in consumer spending and manufacturing output increasing despite snow storms and all around bad weather for most of 2010. Both are key indicators of improving economic conditions. Consumer spending accounts for approximately 70% of US economic activity and directly effects employment growth. Consumer spending also increased one half of 1% in January outpacing income growth for the fourth straight month! What does this mean you ask?? Basically it means consumers are slowly regaining confidence and beginning to feel good again about buying more goods and services.
NAR states pending home sales/signed contracts came in 12% higher in January 2010 than last January. These numbers should hit significant highs as a large percentage of the existing buyer pool rush to secure home contracts before the home buyer tax credits expire.
Overall it seems we are taking economic steps forward and there is a positive outlook in the market!
For more information about home buyer tax credit, please go to: http://www.irs.gov/newsroom/article/0,,id=215827,00.html
Happy House Hunting!
Feds recently found positive signs in consumer spending and manufacturing output increasing despite snow storms and all around bad weather for most of 2010. Both are key indicators of improving economic conditions. Consumer spending accounts for approximately 70% of US economic activity and directly effects employment growth. Consumer spending also increased one half of 1% in January outpacing income growth for the fourth straight month! What does this mean you ask?? Basically it means consumers are slowly regaining confidence and beginning to feel good again about buying more goods and services.
NAR states pending home sales/signed contracts came in 12% higher in January 2010 than last January. These numbers should hit significant highs as a large percentage of the existing buyer pool rush to secure home contracts before the home buyer tax credits expire.
Overall it seems we are taking economic steps forward and there is a positive outlook in the market!
For more information about home buyer tax credit, please go to: http://www.irs.gov/newsroom/article/0,,id=215827,00.html
Happy House Hunting!
Friday, February 26, 2010
Early Signs of Spring
I’ve been so busy already this year as it seems people are really getting aggressive with their home sales & purchases. From what I can tell, there are three BIG reasons for all the great activity!
1. The fact that home prices in most areas of the US have stabilized considerably.
2. The home buyer tax incentives, that unfortunately will expire by the end of April 2010.
3. Interest rates still seem favorable but word on the street is that won’t be the case too much longer.
For more info about our strengthening real estate market or to be added to my FREE monthly market newsletter, send an email to ozzie.marten@cbmoves.com. You are obligation free and may opt out at any time. My newsletter has grown to reach over 1000 homes and has brought targeted, up to date, comprehensive market area information to families and friends in N.J. and across the U.S.
Happy house hunting!
1. The fact that home prices in most areas of the US have stabilized considerably.
2. The home buyer tax incentives, that unfortunately will expire by the end of April 2010.
3. Interest rates still seem favorable but word on the street is that won’t be the case too much longer.
For more info about our strengthening real estate market or to be added to my FREE monthly market newsletter, send an email to ozzie.marten@cbmoves.com. You are obligation free and may opt out at any time. My newsletter has grown to reach over 1000 homes and has brought targeted, up to date, comprehensive market area information to families and friends in N.J. and across the U.S.
Happy house hunting!
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