Posts from October 2009
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Region's 3rd Quarter Housing Market
Region's Housing Market Turned the Corner in Third Quarter
According to economists surveyed by the National Association for Business Economics, the recession, which began in December 2007, has ended. Further, they noted the housing recovery "will gather momentum" and 2010 will be the first year since 2005 that the housing sector will contribute to overall growth. After flattening out this year, house prices, they said, will see a "modest gain of 2% in 2010." Third quarter marked the turnaround point for housing sales in our markets. At Ruhl&Ruhl, for example, we sold and closed on 8.4% more properties during the third quarter of 2009 than during the third quarter of 2008, comparing 1187 sales this year to 1095 sales last year. Pending sales written in September of 2009 and not yet closed were up 23% over September of...
23
The New Construction Market
The HARD Facts About our Soft New Construction Market
As much as we in the Midwest like to think we are insulated from the tremendous swings in the market often experienced by the coasts and some larger markets, the truth is – this time we are in it too! Developers and builders in our region continue to suffer through a drought when it comes to financing being available for anything from a single spec home to any kind of new development. Loans that are already on the books are being scrutinized very closely, with new appraisals and cash calls becoming very common among builders and developers of all sizes and capabilities. This has resulted in a situation where shrinking new home sales becomes a "self-fulfilling prophesy" as spec inventories dwindle and cannot be replaced and pre-sold opportunities are missed because of tightened lend...21
TOP TEN REASONS TO BUY A NEW HOME NOW!
10. Amenities Gourmet kitchen, mini-spa bathroom, home theatre. You want it you got it! It's all about you! 9. Energy and Resource Efficiency Today's new homes are increasingly energy-efficient. You'll be amazed at how low your utility bills can be! 8. Low Maintenance Cost You'll have more time and money to do things you really want to do! 7. Build Wealth Today's flexible financing options allow for minimum down payments, while you build maximum returns on the total value of the home. Plus you get to live there! 6. Financial Security College expenses, retirement, emergencies. Your 401K should be so useful. 5. Interest Rates Currently near historic lows. 4. Great Selection More choices in ev...
14
Thinking of a Career in Real Estate? Think Ruhl&Ruhl!
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