With inventory shortages happening all over the country, builders are getting a jump-start on the demand. According to CNN Money, housing starts are the highest they have been in four years. October had a 3.6% increase over September, and it appears new construction is indeed gathering steam. Interestingly enough, although single-family residence numbers didn’t change much […]
This Week’s Zebra Report Is Dedicated to Honoring the Life of Zig Ziglar One of the greatest men I have ever had the chance to personally meet and spend time with was Zig Ziglar. He was by far one of the kindest, most sincere men I have ever known. He was a powerful motivational speaker […]
The 55 plus market is showing strong signs of recovery. There are three segments of the 55 plus market which include: single family housing, multifamily housing and rental housing. In the 3rd quarter of 2012 the single family segment showed significant improvement in the demand for new homes. The 2012 55 plus index tripled over […]
Just when we thought our inventory challenges couldn’t get any worse … well they can. The Mortgage Bankers Association reported that delinquency rates fell 18 basis points in the third quarter of 2012 to 7.4%. This lower rate was driven by a drop in loans 90 days or more past due. The foreclosure inventory rate […]
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No Comments » HOUSING MARKET SHOWS CONTINUAL IMPROVEMENT The National Association of Home Builders reported that the list of expanding markets has increased by 22 to a total 125 markets. The Improving Markets Index (IMI) identifies improvement in metropolitan areas in single family housing permit growth (US Census Bureau), employment (Bureau of Labor Statistics), and house price appreciation […]
A recent article put out by CNN and a report put out by Barclays Capital echoes what I have been saying for over 2 years, real estate is expected to hit record setting levels in the next 26 months. I have been talking about an expected real estate boom for quite some time now. I […]
Recently one of my clients forwarded an article to me about unemployment in their area. The gist of the article was that jobless claims are up in the Kennewick area. When the contents of this article hit my client’s marketplace (Kennewick, a town in Eastern Washington), he told me the article had people so concerned […]
Specifically, that mysterious, much-talked-about “shadow inventory” –the boogeyman that every analyst out there is scaring the pants off consumers by talking about! Large amounts of shadow inventory were created as a result of the mortgage meltdown which occurred in 2007 and 2008… and the collapse of the housing market which followed. Record number of homeowners […]
If you’ve been reading my Zebra Report for any time now, you know that I am passionate about the need for real estate agents to keep in touch with past, present, and potential clients. It’s one of my mantras, and one of the best things you can do to build your business. Often, an agent […]
Something very important is happening on December 31st of this year – something that might impact your life, or the lives of your friends, family, colleagues, and clients. What am I talking about? The expiration of the Mortgage Forgiveness Debt Relief Act. Oddly enough, many homeowners (including those affected by the Act) are unaware of […]
