Info That Hits Us Where We Live-Saratoga Springs, NY-Strong Year-Over-Year Gains
QUOTE OF THE WEEK… “The best way out is always through.” –Robert Frost, American poet
INFO THAT HITS US WHERE WE LIVE… We’re definitely working our way through the housing recovery, with the latest data showing strong year-over-year gains in prices and sales. The National Association of Realtors (NAR) reported the national median existing home price increasing at an annual rate of 12.2% in Q2, from $181,300 to $203,500. That’s the biggest yearly price boost since Q4 of 2005. Sales didn’t do too badly either, up 12.3% annually in Q2 versus a year ago. The 5.06 million annual rate for the quarter was the highest reached since Q2 of 2007.
A leading provider of real estate data and analytics recorded home prices up 1.9% in June, gaining for the 16th month in a row. For the year, they had home prices increasing 11.9%, trending at the fastest upward pace since 1977. Finally, it was reported that Fannie Mae posted a $10.1 billion profit in Q2, almost double the Q2 profit of a year ago. They will now pay a $10.2 billion dividend to the Treasury,which owns $117.1 billion of the company’s senior preferred stock. This is quite a turnaround for Fannie Mae from the dark days of 2008.
BUSINESS TIP OF THE WEEK… The digital world has created some bad communication habits. Shooting emails back and forth can hurt productivity and distract you from doing tasks that really matter. If an email chain goes beyond two replies, pick up the phone.
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
Connect with me…..
Cell: 1 (518) 588-2319 ~ Fax: 1(866) 588-6066