It is refreshing to finally see the weather get nicer. There is nothing like sun, warmer weather, trees comming to life and flowers blooming.
With the nice weather comes the yard work, getting the fertilizer and weed prevention on, planting flowers and rebarking. A fresh face to your yard and a fresh start to the year. It is welcome.
Spring...there is nothing like it. Enjoy!
Sunday, April 19, 2009
Sunday, April 5, 2009
This week there were a variety of reports of improving real estate activity. Some of the reports were national...some were local.
John Burns, a nationally recognized real estate and banking consultant recently stated " Since we have been tracking the data for the major MSA's (metropolitan statistical areas) in 1981 there has never been a better time to buy a home. The median income an average household needs only 27 % of their income (an all time low) to qualify for the median priced home and that households are only paying 3.3X income for the house (3.1 times is the all time low). ( see newsletter1@realestateconsulting.com ).
John Rymer, another national consultant makes the following observations. "Those who are trapped by fear and frozen from making a decision as important as a new home purchase will just as likely miss out on a great time to become a homeowner. " "The math does not add up. America is creating twice as many households as new housing starts, a trend that will not continue."
This week the Grand Rapids Association of Realtors reported that sales were up by 19% in March....after an increase of 1% in February. The West Michigan Lakeshore Association of Realtors reported similar numbers. Both were quoted by the Grand Rapids Press, and Muskegon Chronicle among other media outlets.
These are but a few of the published statements and facts about real estate and new homes. There are many more. Most important is that there will most likely never be an opportunity to purchase a home (new or existing) like there is today.
Consider these facts and advantages as well as what is cited above......interest rates at under 5%....rates like these have not been seen since the 50's. The Government Stimulus has a tremendous incentive for first time buyers ($8000.). On top of those once in a lifetime advantages, sellers, builders like us are giving the best pricing and incentives we have ever provided.
So now is the time to buy. If you have any interest at all... Do not miss out, none of these will last long!
John Burns, a nationally recognized real estate and banking consultant recently stated " Since we have been tracking the data for the major MSA's (metropolitan statistical areas) in 1981 there has never been a better time to buy a home. The median income an average household needs only 27 % of their income (an all time low) to qualify for the median priced home and that households are only paying 3.3X income for the house (3.1 times is the all time low). ( see newsletter1@realestateconsulting.com ).
John Rymer, another national consultant makes the following observations. "Those who are trapped by fear and frozen from making a decision as important as a new home purchase will just as likely miss out on a great time to become a homeowner. " "The math does not add up. America is creating twice as many households as new housing starts, a trend that will not continue."
This week the Grand Rapids Association of Realtors reported that sales were up by 19% in March....after an increase of 1% in February. The West Michigan Lakeshore Association of Realtors reported similar numbers. Both were quoted by the Grand Rapids Press, and Muskegon Chronicle among other media outlets.
These are but a few of the published statements and facts about real estate and new homes. There are many more. Most important is that there will most likely never be an opportunity to purchase a home (new or existing) like there is today.
Consider these facts and advantages as well as what is cited above......interest rates at under 5%....rates like these have not been seen since the 50's. The Government Stimulus has a tremendous incentive for first time buyers ($8000.). On top of those once in a lifetime advantages, sellers, builders like us are giving the best pricing and incentives we have ever provided.
So now is the time to buy. If you have any interest at all... Do not miss out, none of these will last long!
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