For the week of March 19, 2012 – Vol. 10, Issue 12
QUOTE OF THE WEEK..."I
was taught that the way of progress was neither swift nor easy."
INFO THAT HITS US WHERE WE LIVE... The Polish physicist and
chemist, famous for her pioneering work on radioactivity, could have
describing the U.S. housing market. But we are making progress. Realtor.com
reported that the
list price of homes they track was almost 7% higher in February than a
year ago. The web site of
the National Association of Realtors (NAR) also reported that the inventory of
U.S. for-sale housing is 22%
lower than a year ago. Additional
progress was seen in the median age of inventory of homes
on the site dropping almost 10%, year over year.
Realtor.com summarized the
situation this way: "The nation's
housing markets as a whole are in better shape today than at any time
since the 2009-2010 tax credits." But it should be noted
that although current inventory levels are near a two-year low, they're
likely to grow a bit during the spring selling season.
BUSINESS TIP OF THE WEEK...
Rules (as opposed to laws) aren't there to control us, but to
guide us. If you need a creative solution, you may have to break the
rules. But that can be profitable, and it's always fun!
When dealing with your home financing, I not only work with one of your largest
personal financial investments; I also handle one of your biggest dreams. As your
mortgage planning specialist, I will give you my best consistently. My team specializes
in renovation financing both for the purchasing of a home or for renovating a home you
already own. In fact, Renovation Loans are all we do. Renovation loans allow you to
purchase or refinance and renovate the home in one seamless transaction.
With over 13 years experience working with only Renovation Loans you can trust myself
and the rest of the St Louis Renovation Team to help guide you from application to
A word from Provident: The housing market is getting ready to rebound.
If you are looking to invest in real estate, now would be the time to
start. If being a landlord isn't for you, contact us. We are ready to manage your units professionally and competently.
Mortgage rates are near record lows. And the supply of homes fell in January to its lowest level in seven years.
A lower supply helps push up prices, which lures more sellers onto the market and generally improves the quality of homes for sale. Rising prices also boost sales because buyers want to invest in homes that are appreciating in value.
A key reason for the brighter housing outlook is the job market has strengthened. From December through February, employers added an average of 245,000 jobs a month. The unemployment rate has fallen to 8.3 percent, the lowest in three years."
If you are looking to invest in prime real estate, now is the time. As the economy recovers more fully, there will be more competition for the best homes available. If you need a property management company, Provident is ready. We are experienced and able to provide all the services you may need. Contact us today for more information.