As 2009 closes behind us, we shall enter 2010 with a little more optimism. There will be a plenty of skepticism to go around and of course we will still worry. That’s the dynamics of humanity that creates a market. In meeting with my former colleagues in May 2005, I had said that the market…
In ending 2009, I am reading some reports about the economy and it appears as expected last year that by the end of 2009 we would be through this. And with all the reports so far, it is the “trough” we are in. I am now more concerned that the current adminstration’s policies will have a…
Again, from the Minnesota Shopping Center Newsletter, the following tidbits of information that also seem to help point the way to the future… “Retailers are about to embark on the holiday season of the serious bargain hunter. According to the National Retail Federations (NRF) 2009 Holiday Consumer Intentions and Actions Survey, conducted by BIGResearch, U.S….
I’m a member of Minnesota Shopping Center Association. It’s a great association with tons of information. I don’t know many people there, I get to a few meetings, but I always read the newsletters. Their annual State of Retail report is quite an unveiling every year. Especially now with the decline in retail that has…
Nationally, Inventories of new homes for sale continue to plunge. At 239,000, the stock of unsold new homes is the lowest number in nearly forty years. At the current sales pace, the stock would be exhausted in 6.7 months. The improved inventory situation is helping to stabilize new home prices, which have been roughly flat…
I am scheduled to have my 76th Closing for the year today. My goal this year is to broker 78 closings. I have plenty in escrow to complete that goal. Last year, my first year in this firm, I brokered 68 closed sales. I was satisfied with that, but I know that I need to…
From the first of the year till today, there have been 22 sales logged into the local MLS system. These sales are in the condo/townhome category and in Douglas County. I knew that sales were down just by the showing activity, but I just had to check the data. The average sale price of the…
