Info That Hits Us Where We Live- Kind Housing News
QUOTE OF THE WEEK… “Always try to be a little kinder than necessary.” –J.M. Barrie, Scottish writer and dramatist
INFO THAT HITS US WHERE WE LIVE… The creator of Peter Pan could well be describing last week’s rash of kindly housing news, which just a short time ago would have seemed like a description of a real estate Neverland. Pending Home Sales, measuring contracts signed on existing homes, went up 0.2% In November, its first gain in six months. This should indicate an increase in existing home sales in December and January. November also saw a 1.0% increase in construction spending, taking it to its highest level since March 2009, with private single-family home building leading the way.
On the price front, the S&P/Case-Shiller index of home prices in the 20 largest metros went up 1% in October and is now up 13.6% this past year. That was the seventeenth month in a row that the index reported an annual increase. October’s yearly gain was the highest since February 2006. However, many observers do see a slight cooling off in home prices. The chairman of the index committee at S&P Dow Jones Indices observed: “Most forecasts for home prices point to single digit growth in 2014.”
BUSINESS TIP OF THE WEEK… Marketing experts feel social media will still be important in 2014, but businesses should also focus on creating mobile-friendly websites and more video content, which has soared in popularity.
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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