So what is going on? That’s what this series is about and let’s get right into it; as Joe Friday said, “Just the Facts Ma’am”. So, what is going on with unemployment? If we look at the numbers provided by the Bureau of Labor Statistics, we can graph their findings and have a much better idea of what has been going on. In March, around 7 million people were claiming unemployment nationwide. More recently, that number is down to 750,000. To be honest, we have been hovering in that area … [Read more...]
“Just the Facts Ma’am”: Change in Consumer Spending
So what is going on? That’s what this series is about and let’s get right into it; as Joe Friday said, “Just the Facts Ma’am”. Consumer spending is also close to where we were at the beginning of the year. Most states are now within 10% of where we were in January; the country as a whole is within 3.7% of our spending in January. Regardless of who is our president moving forward, we can safely assume that there will be an additional stimulus package which in turn will stimulate spending … [Read more...]
6 Signs That You Are Dealing with A Bad Property Manager
Hiring a property manager is a grand favor that you bestow upon yourself. You free yourself from the hassle and stress of managing your property, tenants, and property-related matters. However, all of this is only possible when you’ve got a reliable, skilled, and professional property manager on board. The tables can turn pretty much around if you end up with the wrong property manager. If you want to know the signs that indicate that a property manager isn’t the best option, you’ve … [Read more...]
Strong Buyer Traffic!
Buyer Traffic Graph in the last quarter (to mid year 2016). Yes... Existing home sales shot up in 2003-2005. But, if we look at where they were from 1990 to 2001 and where they are now, we’re in a natural course based on population increases and people still wanting the American Dream. New existing inventory just the last twelve months has fallen off because people are starting to buy new homes rather than existing home inventory. Let’s take a look at buyer demand across the whole country … [Read more...]
Housing Affordability
Housing affordability index published by the National Association of Realtors. Yeah. It’s not as good as it had been when we had all those foreclosures and short sales out there and prices were driven down. But, today’s affordability index is still higher, and, again, the higher the better, than is had been for the twenty years prior to that. We are quickly catching up to what is considered normal. Today’s affordability index is still higher, and, again, the higher the better, than … [Read more...]
