Existing home sales for 2012 reach the highest level in five years, Realtors’ group says.
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Knee-deep powder greeted skiiers for opening day at Whitefish Mountain Resort. More than 35 inches of snow has fallen at the resort in the past seven days. The ski area now has 47 runs open, with 62 inches of snow at the summit and 15 inches in the village area.
This article just came in from my friend Jim at Fidelity Mortgage:
U.S. consumer sentiment rose to its highest level in more than five years in November as consumers felt more optimistic about employment prospects and the outlook for the overall economy, a survey released on Friday showed.
The Thomson Reuters/University of Michigan preliminary reading on the overall index on consumer sentiment came in at 84.9, up from 82.6 the month before. “More consumers expected good rather than bad times financially in the economy in early November, not only for the year ahead but over the next five years as well,” survey director Richard Curtin said in a statement. “This was the most positive outlook for the overall economy in more than five years,” he said. What is the number one factor for housing demand? Is it a low interest rate? Is it location, location, location? Is it low home prices? No, the number one factor that drives housing is how a consumer feels about their current and future financial situation. Therefore, it is great news for the housing market that Consumer Sentiment has hit a five-year high.
Perhaps the most bullish indicator for U.S. housing is Warren Buffett.
The legendary investor has been buying up real-estate brokerages around the country as he bets on a housing turnaround. Now, he is partnering with Brookfield Asset Management, a Canadian real-estate investor, to more than double the size of his brokerage business.
Read more: http://www.businessinsider.com/warren-buffett-brookfield-asset-managment-housing-2012-10#ixzz2BUL9raJj
money.cnn.com – The housing market picked up more momentum in August, as the average home price for 20 major cities jumped 0.9%, according to the S&P/Case-Shiller home price…
yes I did say ‘land is moving’ – as in people are purchasing land again! I am busy – busy – busy — even looking for another assistant because I have some very nice large parcels that will be coming onto the market soon!
We just received our first nice snowfall for the season! Time to buy your winter vacation property while the rates are low and supply is high. Call or email me for a list of vacation properties in Northwest Montana – Kalispell, Whitefish, Bigfork, and Eureka. email: AndreaFakcin@kw.com
I was having a frrustrating day today – did not think it was going to get any better. You see, my trusty old computer started to crash last week. I went in and bought a new one – feared losing all my real estate contact and valuable information I need to be a succesful Realtor. Well, I fought with that new computer for most of the day – such simple stuff yet so hard to find! I knew just where to find this information on my old computer – now I can’t even print anything – ahhh! Anyway – it turned out to be a GREAT day. I stopped what I was doing and went and saddled up my horse and went for a half hour ride – turned my froun upside down! Riding is like meditation – it only takes a few minutes to ‘take a break’ which, lwhen you lthink about it, tht i exactly what you are doing – breaking a cycle – from bad to good. I hope all of you have that one thing close to you that you can grab onto and take that quick break so that you can continue to love and live each and every day tot he fullest – love where you live.
Yes, even at work our families come first – my grandson’s birthday today and I miss him dearly!
Just looking at the new sales and pending statistics for the Flathead Valley and even though it remains a buyers market it looks like things are turning around a little bit – especially on the homes priced under 250k. Our sales numbers are almost double in some areas compared with last year — and here is an interesting tidbit – the PENDING numbers are very large – seems the banks are still dragging their feet – if we could just get those pending sales moved into the ‘sold’ category we would be much happier!
If you are interested, email me and I will send you a nice statistical report of sales, pending salse, number of days on the market, all that great stuff us number crunchers like to look at!