WASHINGTON, D.C. (Realtor.org) – “Just when you think sales activity is ready to settle into a more sustainable pace, the housing market continues to surprise,” says David Lereah chief economist for the National Association of Realtors (NAR). Existing-home sales surpassed market expectations and reached another record in June. Home sales were expected to slow from their recent fast pace.
Job gains, low interest rates and relocations help send starts to an all-time high
By Kate Miller Morton
Tuesday, July 19, 2005
Continued low interest rates, strong job growth and a healthy appetite for new houses from both local and out-of-town buyers spurred Austin-area builders to start work on a record number of houses in the past year.
Builders started 13,611 homes in the 12 months that ended in June, an all-time high, according to market research firm Metrostudy. Five years ago, with the tech industry still booming, the figure was 5 percent lower.
CLARKSVILLE, TENN. (Friday, July 22, 2005)
In keeping with Keller Williams Realty International’s mission to build lives worth living, a dedicated group of associates from the Clarksville, Tenn., market center put their busy schedules on hold to ensure an injured Iraq war veteran could live a better life – in the comfort of a brand-new home. More than 60 Clarksville associates and their families worked through five days and four nights to help construct a new house for Army Master Sgt. Luis Rodriguez and his family as part of the ABC television hit show, “Extreme Makeover: Home Edition.”
COLLEGE STATION, Texas (recenter.tamu.edu) – Dr. Mark G. Dotzour, chief economist at the Real Estate Center, expects foreclosure rates to be higher than historical averages over the next five years because of the massive increase in higher risk mortgages.
WASHINGTON, D. C. (MSNBC.com)
In an earlier speech, Federal Reserve Chairman Alan Greenspan talked about ‘froth’ in reference to housing appreciation in some areas of the country. On Wednesday he talked about “speculative fervor” among investors.
Greetings from Steve and Sylvia,
After owning and operating our independent real estate business and property management company (Crossland Real Estate) from January 1993 until we sold it turnkey in July 2004, Sylvia and I have decided to hang our hats at Keller Williams Realty.