Hello, Trent Woods Neighbors!
Do you feel a sense of relief the last few days? People always adapt better to the known than the unknown - that is a proven fact. The election is over and whether your candidate won or not, we’ll have a NEW President come January!
Also, the sense of change is in the air. The economy seems to be leveling out. We are seeing some good indicators in the Real Estate industry that I wanted to share with you.
- Home sales are up by 1.4% according to the National Association of Realtors®(NAR)
- Affordability is up by 17% this past year
- Mortgage rates remain low at around 6%
- NAR reports three months of declining inventory from 11 months supply of available homes, then 10.4 months supply, and now 9.9 months of inventory. This supply and demand shift will gradually bring affordability back on track.
Do you know how many ways the Real Estate Market in your hometown affects your local economy?
Continue reading "November Trent Woods Times" »
Hello, Trent Woods Neighbors!
Wow, when they called today’s real estate market a “shifting market”, they were right on target. It keeps shifting, and shifting, and shifting….. Every time we turn on the news we have a new latest development that affects our economy and therefore affects the buyer’s ability to “buy”, and the seller’s ability to “sell”.
I promised you more from the best selling real estate book, SHIFT: How Top Real Estate Agents Tackle Tough Times by Gary Keller, founder and chairman of the board of Keller Williams® Realty, Inc. Gary opens the book with this paragraph: “The Real Estate Market has shifted drastically and dramatically. Sales volume and the number of transactions have dropped significantly. Inventory has reached an all-time high. Buyers have never been more reluctant. Fear is rampant, anxiety is high, and people are getting out of the business left and right. Sounds familiar? Sure it does. The year was 1979 and that’s what was happening all around me.” (SHIFT, p. 1).
Continue reading "October Trent Woods Times" »
