Michael Saunders & Company dominates the local market share for properties in the price range of $2,000,000 to no limit through out Sarasota (Buyer Sales by Volume Market Share).
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Top Brokers Report - Buyer Sales by Volume Mkt Share - $2,000,000 - No Limit
MSC Marketing
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Top Brokers Report - Buyer Sales by Volume Mkt Share - $1,000,000 - No Limit
MSC Marketing
Michael Saunders & Company dominates the local market share for properties in the price range of $1,000,000 to no limit through out Sarasota (Buyer Sales by Volume Market Share).
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Top Brokers Report - Buyer Sales by Volume Mkt Share - $500,000 - No Limit
MSC Marketing
Michael Saunders & Company dominates the local market share for properties in the price range of $500,000 to no limit through out Sarasota (Buyer Sales by Volume Market Share).
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Top Brokers Report - Buyer Sales by Volume Mkt Share $250,000-No Limit
MSC Marketing
Michael Saunders & Company dominates the local market share for properties in the price range of $250,000 to no limit through out Sarasota (Buyer Sales by Volume Market Share).
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Pending Home Sales on a Record Roll
MSC Marketing
Washington, September 01, 2009
Contract activity for pending home sales has risen for six straight months, a pattern not seen in the history of the index since it began in 2001, according to the National Association of Realtors®.
The Pending Home Sales Index,1 a forward-looking indicator based on contracts signed in July, increased 3.2 percent to 97.6 from a reading of 94.6 in June, and is 12.0 percent higher than July 2008 when it was 87.1. The index is at the highest level since June 2007 when it was 100.7.
Lawrence Yun, NAR chief economist, said the housing market momentum has clearly turned for the better. “The recovery is broad-based across many parts of the country. Housing affordability has been at record highs this year with the added stimulus of a first-time buyer tax credit,” he said. – National Association of Realtors
To read the entire article, please click here.
Information about NAR is available at http://www.realtor.com.
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Michael Saunders & Company - YTD Volume Market Share - Manatee County
MSC Marketing
Michael Saunders & Company dominates the local market share for properties sold in price ranges over $100,000 throughout Manatee County.
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Wall Street Journal Essay - A Toe in the Water
MSC Marketing
A Toe in the Water
Real estate is starting to look cheap enough to buy. Or at least think about buying.
By DAVE KANSAS
Recently over dinner, a friend of mine startled me by saying he and his wife were looking to buy a lake cabin. I figured that in this time of economic uncertainty, people would still be stuffing their mattresses with hard, cold cash. But buying real estate? That seemed particularly surprising.
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The more I’ve talked to people, though, the more I get a sense that things have started to change. While the economy remains in rough shape and the jobless rate continues to rise, the frantic desire to save and build cash reserves has ebbed. Those fortunate people who have weathered the storm are emerging from their fetal crouch and starting to think more about taking some investment risks.
What I find especially interesting is where most of my risk-taking friends are headed. It isn’t the stock market; in fact, the only folks I know who have waded back into the stock market are the gunslinger types who never really left it.
Instead, they seem to be heading for real estate. At first I found this puzzling, given the brutal battering real estate has taken. But that’s the point: An increasing number of my friends see this as the perfect opportunity to find something at a bargain-basement price.
And so, among my friends: A New York executive and his wife are looking for a summer place in New England; a small-business owner in Minnesota is thinking about acquiring some rental property; a New Jersey technology consultant is considering buying a small apartment in New York, perhaps with some other friends. (More …)
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The Consequences of Overpricing
MSC Marketing
Overpricing results in a significant decrease in interest in your property, leading to fewer showings, less qualified buyers and limited mortgage options.
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Uptrend Continues in Pending Home Sales
MSC Marketing
Washington, August 04, 2009
Pending home sales are up for the fifth consecutive month, the first time in six years for such a streak, according to the National Association of Realtors®.
The Pending Home Sales Index,1 a forward-looking indicator based on contracts signed in June, rose 3.6 percent to 94.6 from an upwardly revised reading of 91.3 in May, and is 6.7 percent above June 2008 when it was 88.7. The last time there were five consecutive monthly gains was in July 2003.
Lawrence Yun, NAR chief economist, said a combination of positive market factors is fueling the gains. “Historically low mortgage interest rates, affordable home prices and large selection are encouraging buyers who’ve been on the sidelines. Activity has been consistently much stronger for lower priced homes,” he said. “Because it may take as long as two months to close on a home after signing a contract, first-time buyers must act fairly soon to take advantage of the $8,000 tax credit because they must close on the sale by November 30.” – National Association of Realtors.
To read the entire article, please click here.
Information about NAR is available at http://www.realtor.org.
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Giant Leap by Nick Churton
MSC Marketing
Mayfair International Realty – August Market Commentary by Nick Churton of Mayfair International Realty
Giant LeapOn the 40th Anniversary of the first moon landing Nick Churton of Mayfair International Realty’s London office, reflects that the UK and US real estate markets are now remarkably similar and thinks that taking a “giant leap” in today’s market may be a very good step indeed.
Forty years ago three brave men risked their lives to make a giant leap for mankind. The Apollo X1 mission to put a man on the moon, and go where no man had gone before, held the planet in thrall. It was the end of the ‘60s and Britain had swung for almost a decade. But, as a counterpoint to the successful moon landing, back on earth the wheels were coming off. The decade-long free spending party had come to an end.
So, no change there then – particularly as none of us really knows now what is going to happen next, any more than we did in the early ‘70s. But life and economics appear to have come full circle.
The real estate market is certainly going where it has never gone before. We are in un-chartered territory with the market very finely balanced indeed. On one hand it could remain on its present – albeit shallow – upward trajectory. On the other we could experience the double bounce or ‘W’ shaped recession, about which some economists and media commentators seem keen to remind us.
From a real estate point of view there seems little doubt that, although there is a large question mark hanging over where the market may go next, now does seem a pivotal time for home movers. If the recovery continues, the rate of increase in real estate values should ultimately rise. So now would be a very good time to buy. Were the market to slip back and values slide then it would be a smart move to sell. Moving home always features profit and loss – the financial advantage of selling almost always cancels out the disadvantage of buying, or vice versa depending on the market.
The first six months of this year have defied most market predictions. Activity has been high, and in some places demand has even exceeded supply. That was not in the script, but is a welcome sign of tentative market recovery. So too is the news from the house builders that they are seeing their best sales results in three years.
Buying real estate in this market may seem to some like a giant leap into the unknown: not quite like risking one’s life and flying to the moon for the first time, but a bold step nevertheless. However, when weighed against some of the good signs of recovery then the bold move now may very well prove to be the shrewd one. – Nick Churton of Mayfair International Realty
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