Saratoga Springs NY, Info That Hits Us Where We Live

QUOTE OF THE WEEK… “That which grows fast, withers as rapidly. That which grows slowly, endures.”–Josiah Gilbert Holland, American novelist and poet

INFO THAT HITS US WHERE WE LIVE… Last week gave us more evidence that this housing recovery, though growing slowly, will in fact endure. According to a major online real estate portal, listing inventory rose 3.5% from January to March. This beat the gains going into the 2012 Spring selling season, although inventories are still 15% off last year’s levels, with only nine of 146 metros showing annual increases. Not surprisingly, the median age of inventory in March dipped to 78 days, down 12.3% from last year, and median asking prices were up 0.5% from February, gaining in 29 of the top 30 metro areas.

According to a housing consultancy, land values are up 13% on average over last year, their first annual rise since 2005. The increasing demand from builders for finished lots is driving the gain, as the rate of new home construction is up 27.7% the past year. Higher land values will mean higher prices for new homes, as land cost makes up 21.7% of the final sale price, according to the National Association of Home Builders. Finally, a first quarter survey of lenders reported that 71% are more confident about home prices, believing they’re rising at a “sustainable pace.”

BUSINESS TIP OF THE WEEK… More time savers: 1) write down agendas and time limits for phone calls and meetings; 2) group errands, hitting the post office, bank, and gas station in one trip, not three; 3) do more shopping online; 4) don’t try to be 100% perfect when 95% will do.

Kristen Zorda
Loan Officer
648 Plank Rd. Suite 203
Clifton Park NY 12065
Office: 518-366-7999
my website

Orson B.Klender,  Associate Broker

Keller Williams Realty Saratoga Springs
38 High Rock Ave, Saratoga Springs, NY 12866

www.RealEstateSaleSaratogaSpringsNY.com

www.OrsonKlender.com

Connect with me…..

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Cell: 1 (518) 588-2319 ~ Fax: 1(866) 588-6066

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About Real Estate Agent in Saratoga Springs

As an agent who's an expert in this local area, I bring a wealth of knowledge and expertise about buying and selling real estate here. It's not the same everywhere, so you need someone you can trust for up-to-date information. I am eager to serve you.

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