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Summer 2009-- re-energized market keeps rolling! |
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Written by Bill Kinkade
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Friday, 07 August 2009 17:25 |
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The numbers keep coming in, and indicate a truly re-energized market. In June, we set a company record in the number of sales opened. July production did not match June, but it was still very high. The first half-dozen days of August, have produced a continued crisp number of new sales. It is important at this time that we all keep our heads down and perform those daily tasks necessary to continue to develop business. Double the number of contacts you make to your sphere, write your personal notes every day, have lunch with your A+ clients, tell your sphere that you are "now accepting listings"! Check back with the buyer prospect, that a few months ago, you were unable to get them to make a buying decision! You may find that their attitude has changed, as they are hearing more positive stories from both the news media and from their friends who may be buying. You will have a few more months of positive market forces before the winter chill sets in. Take advantage of it. Make hay while the sun shines. You'll be glad you did. Good luck, Bill Kinkade |
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Last Updated on Friday, 07 August 2009 18:05 |
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Market talking points, June 22, 2009 |
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Written by Bill Kinkade
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Monday, 22 June 2009 19:13 |
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Century 21 CP "Market Summary" 6/22/2009 Bill Kinkade - 2008: 1st qrtr, Financial markets failures bring real estate sales to a crawl!
- 2008: Slow sales + loan defaults lead to short sales, creates declining values!
- 2008: Job market deteriorates=Must Sells, many in short sale=price pressure!
- 2008: FOURTH QUARTER-low interest rates, but negative news, weak buyers!
- 2009: 1st Qrtr. weak sales, bank foreclosures push supplies up sales and prices down!
- 2009: 2nd Qrtr Govt. Bailout, $8000 tax credit, low interest rate, more positive talk!
- 2009: 2nd Qrtr PRICES STABILIZE, BUYERS BECOME MORE ACTIVE, large inventory!
- 2009: FEWER SHORT/SALES, MORE FORECLOSURES---PRICES BEGIN TO FIRM!
- 2009: Century21 Cascade Pacific Stats:
April sales were slightly higher than the first Qrtr. Avg. May sales were up 55% over April June sales are running 100% over April My conclusion is that demand is increasing and is tending to stabilize prices. However inventory of listings is still high and new listings are coming in at a brisk pace. Number of buyers continues to increase, especially 1st time buyers . Pressure will be on interest rates to go up some, and window of opportunity may be small but historically they should continue to be good. "Sellers who don't need to sell should stay off the market" and "Buyers who are able to buy should buy now!" |
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Last Updated on Wednesday, 24 June 2009 20:23 |
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