I was hoping that the inventory would start to show some let up but the residential number is now 620 listings in our mls. That’s a new high for the year. I’m hoping that the 3rd quarter sales statistics will show some signs of improvement. I did see some big sales come through though this…
Consumer confidence fell 1.4 points to 53.1 in September, reflecting ongoing concerns about employment. Plans for buying cars and homes also declined, suggesting the boost from tax incentives has passed. Source: The Conference Board, US Dept of Labor and Wells Fargo Securities, LLC
The numbers are in and the cash-for-clunkers program gave motor vehicle sales their biggest lift in three years. Sales jumped to 14.1 million unit pace in August, with small cars accounting for most of the increase. CLUNKERS JUST MIGHT PAVE THE WAY TO RECOVERY. Motor vehicle sales surged in August to a 14.1 million annual…
Lots of stuff here: Existing Home sales in August nationally came in at 5.10 million annual rate. This includes single-family, townhomes, condos and co-ops – declined 2.7 percent in August from a pace of 5.24 million in July, but remain 3.4 percent above the 4.93 million-unit level in August 2008. In the previous four months,…
Just got this newsletter from ALP. I will transmit the article from the general managers desk, Al Crowser, that is written in the newsletter: Where are electrical energy costs going and what can we do? Over the years ALP has had reasonable electric rates and good reliability. Our power supply costs have been low and we…
It appears that the inventory is starting to go into it’s fall hibernation. One of the most interesting statistics about 2009 is the beginning of the decline in inventory. If you read back in my blog, you will find the peak inventory numbers going back to 2005 for residential listings in our mls system. But, I…
We currently are showing 5 good sales here in Alexandria since the first of the year. A good sale is one where it is “arms length”; neither party are related or have a vested interest in the property (i.e. rented…), it is not a foreclosed or bank owned, you get the picture. As of 9.22.09,…
I predict that energy will be one of the next big crisis’s that we have to deal with after we finish with the economic crisis. Before that it was the housing crisis. Before that it was Iraq. Before that it was 9-11. These events affect all of us, some more deeply than others. The catastrophe’s that…
Now there’s a mouthful. Reading my Wells Fargo report from Friday, I thought it beared repeating, so here goes: “Since World War II, the pace and character of consumer spending has defined the U.S. economy. Going forward, will this all change and what are the implications? What about housing? Finally, has the era of California/Florida…
I was reading this letter to West Side Residents from a local real estate agent that said existing home purchases are up, inventory is declining and foreclosures are down so I thought I’d better check the data. SALES: In our MLS from 1.1.08 to 9.17.08 we had 91 closed sales in Area 1 (Alexandria, MN City limits). …
