Saratoga Springs, NY INFO THAT HITS US WHERE WE LIVE-Home Sales on the Rise
QUOTE OF THE WEEK… “It’s not whether you get knocked down, it’s whether you get up.” –Vince Lombardi, legendary professional football coach
INFO THAT HITS US WHERE WE LIVE… U.S. home prices were certainly knocked down for a few years there, but they’ve definitely gotten up now. A prominent data analytics firm reported that home prices, including distressed sales, rose 3.2% in April, up for the 14th month in a row. Compared to a year ago, prices were up 12.1%, posting their highest annual increase in more than seven years. These statisticians predicted that the annual home price gain will increase to 12.5% in May.
The chief economist at the analytics firm explained, “Increasing demand for new and existing homes, coupled with low inventory, has created a virtuous cycle for price gains.” The higher demand for those new homes is reflected in new residential construction spending data from the U.S. Census Bureau of the Department of Commerce. Although flat for the month, spending for residential construction on an annual basis was up 18.3% in April.
BUSINESS TIP OF THE WEEK… Make shorter to-do lists. The goal isn’t to do as many things as you can in a day, but to focus on accomplishing the things that really matter.
648 Plank Rd. Suite 203
Clifton Park NY 12065
Orson B.Klender, Associate Broker
Keller Williams Realty Saratoga Springs
38 High Rock Ave, Saratoga Springs, NY 12866
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Cell: 1 (518) 588-2319 ~ Fax: 1(866) 588-6066