Inside Lending Newsletter From Kristen Zorda
QUOTE OF THE WEEK… “Normalcy is not interesting.” –Lindsay Lohan, American actress, model, producer, and recording artist
INFO THAT HITS US WHERE WE LIVE… If the troubled performer were earning her living in real estate, she might think differently about normalcy. For a few years now, the housing market has been anything but normal, so any return to stability is interesting indeed. With a major real estate information provider reporting home price gains moderating in June, their chief economist observed, “This reversion to normality that we are finally experiencing is expected to continue across the country and should further alleviate concern over diminishing affordability and the risk of another asset bubble.”
Recovery continues nonetheless, as June’s more modest price gains still represented 28 months of consecutive year-over year increases in home prices nationally. More evidence of the return to a normal housing market came when a national online real estate site reported that their listings blasted ahead 8.65% from May to June. Their chief economist feels “All the data points support favorable sales over the next couple of months.” He pointed out that talk anticipating mortgage rates will rise next year make now a relatively appealing time to buy, while an improving economy puts more money in buyers’ hands.
BUSINESS TIP OF THE WEEK… Be inspired by the famous saying of the Navy SEALs: “The only easy day was yesterday.” Push yourself to excel every day and you’ll be equipped to achieve any goal you set.
Orson B.Klender, Associate Broker
Keller Williams Realty Saratoga Springs
38 High Rock Ave, Saratoga Springs, NY 12866
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