Info That Hits Us Where We Live – Small Opportunity, Great Enterprise

QUOTE OF THE WEEK… “Small opportunities are often the beginning of great enterprises.” –Demosthenes, Greek orator and statesman

INFO THAT HITS US WHERE WE LIVE… Last week’s small opportunity that could turn into a great enterprise in the housing market came from reports by a few real estate data firms. One observed that as home prices continue to increase, demand from move-up buyers does too. After gaining value on rising equity, those buyers can then come up with a substantial down payment on a new home. Another firm pointed out that thanks to the recovery in home prices, 18.5 million homeowners now have at least 20% equity. That’s 40% of all homeowners who are in a prime position to sell.

The same firm added that there are an additional 8.3 million homeowners who should have at least 20% equity in the next 15 months. That’s assuming home prices keep appreciating at the rate they have. They very well may. A monthly real estate trends report from an online listing site said the median price of homes for sale in August was up more than 6% versus a year ago. Inventory, at 1.98 million in August, was up slightly from July, but down 2.5% from a year ago. The CEO commented, “… we are now looking at a housing market that much more closely resembles ‘normal.'” Nice words, those.

BUSINESS TIP OF THE WEEK… Never provide a service without delivering at least just a little bit more than the client expects.

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

OrsonHeadshotsmall

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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