I know that everyone has heard all of the negative media coverage about real estate and foreclosures, etc, over the past year or two, now I want to throw down a challenge, to try and find recent positive news (please give credit when you know the source) regarding real estate in the media.
Here are a few that I found:
Positive permits and housing starts data was followed by a rare up-tick for new home sales in April. While April was the first time in over a year that single-family building permits posted a monthly gain, it was also the first time since October 2007 that new home sales posted an increase.....Broker Agent News, LLC. PO BOX 3107 Cheyenne, WY 82003
On homefeedback.com or showings.com one of them sent out a report the other day where showings for April 2008 were up 25% over showings in April 2007 !!
do you know of any good positive news that I can pass on? post as a comment or e-mail it to me, thanks, David Wertan of Re/Max Advanced Realty in Charleston, SC
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2 comments:
April pending home sales rose 6.3% according to the NAR and though it remains below a year ago level, it certainly surprised “economists”. The news that continues to get swept under the rug and not promoted points to the fact that we have not fallen off a cliff and the market is stabilizing.
Meredith E. Earnest
Mortgage Consultant
"Mortgages Made Easy"
Millennium Financial Services
843.856.6223 x105
Here are some great things going on:
* The Fed has been providing huge amounts of liquidity at historic levels; and now, Wall street companies are scaling back their borrowing from the Federal Reserve's emergency lending program... cool!
* Most of the Money Center Banks are shoring up their balance sheets, raising capital and rebuilding their business models to address the current state or our markets
* Wal-Mart grossed $100 billion, breaking its fourth-quarter sales record.
* The home affordability index has improved a great deal so more people can afford to purchase a home today!!!!
* Retail sales jumped unexpectedly in May.
* Wachovia is making all the right moves to navigate through this storm.
Call me today for fast pre-approvals!!! Have a wonderful day!
Meg Robb 843-727-1134
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