Pending Sales Up for Eighth Straight MonthOctober 31st, 2009
Author: REALTOR® TV
NAR Chief Economist Lawrence Yun looks at the market dynamics behind September’s pending home sales index level.
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NAR Chief Economist Lawrence Yun looks at the market dynamics behind September’s pending home sales index level.
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Did you know that national vacancy rates in the third quarter 2009 were 11.1 percent for rental housing and 2.6 percent for homeowner housing?
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As expected, the consumer sector was weak in September, with both a drop in spending and no change in income.
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This month NAR Research’s Member Spotlight features Ohio REALTOR® Carol Murphy.
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Max Pigman, “Real Estate Marketing in 2010 & Beyond,” 11/13/09, 8:30-10:00 am
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The economy seems to be emerging from the recession. GDP is the broadest measure of economic activity, and the trend is up.
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According to the 2008 American Community Survey, for women, the median earnings were $35,471, or 77.9 percent of men’s earnings.
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Mortgage applications for home purchases have been falling the past three weeks in October.
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Households in the bottom income quartile are most likely to face affordability problems.
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Yesterday, I listened to a customer tell one of our wonderful customer service representatives that he was tired of having Realtors call him 5 times each day trying to scare him, telling him he will fail, asking to list the house, etc. Simply put, this is childish activity and down right unethical. I understand agents need to make money but they should not “scare” people into doing something – it is not good business and it is morally wrong.
For Sale By Owner customers have the right to sell their homes without an agent AND without being bombarded with scare tactics. This would be like eBay.com telling someone they can not sell their furniture at their Church Bazaar (or garage sale). Or, a travel agent calling a customer and telling them they will not pick the right hotel at the right price at Walt Disney World when they book on-line, without an agency. Or stock brokers telling good, hard working citizens they can never buy and trade their own stocks on-line, that it is too dangerous!
Life has risks. I understand this, as do our important and respected customers on ForSaleByOwner.com. Risks bring reward. These hardworking citizens are empowering themselves to be successful and improve their financial security. So please let every For Sale By Owner seller – regardless of where they are advertised – sell their home in peace. Thank you.
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