Saratoga Springs, NY – Info That Hits Us Where We Live – Market Information

QUOTE OF THE WEEK… “Perseverance is the hard work you do after you get tired of doing the hard work you already did.” –Newt Gingrich

INFO THAT HITS US WHERE WE LIVE… Even though the housing recovery is well underway, there still is evidence that more hard work needs to be done. Last week began with March Existing Home Sales off 0.6%, dropping to an annual rate of 4.92 million units. In addition, the months’ supply of existing homes edged up to 4.7 from 4.6 in February. But even though existing home sales seem to have leveled off in the last few months, they’re actually UP 10.3% versus a year ago. It’s also encouraging to note that the median existing home price, at $184,300, is up 11.8% over last year.

To further inspire us, March New Home Sales came in Tuesday up 1.5%, to a better than expected 417,000 annual rate. New home sales are now up 18.5% over a year ago, and Q1 of 2013 was the best quarter for new home sales since Q3 of 2008!The months’ supply of new homes remained at 4.4, as the faster sales pace was offset by a rise in inventory of 3,000 units. The median price of new homes sold, at $247,000, is up 3.0% over a year ago. Finally, the FHFA index of prices for homes financed by conforming mortgages was up 0.7% in February and up 7.1% versus a year ago.

BUSINESS TIP OF THE WEEK… Don’t be afraid to take small risks. Just spend the time to test things out. And trust your gut. Often our gut instincts lead the way to the success we’ve been looking for.

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

Orson B.Klender,  Associate Broker

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

www.RealEstateSaleSaratogaSpringsNY.com

www.OrsonKlender.com

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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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