Long time HREU Realtor Coaching students have known this was coming for well over 2 Years. As a result many of the HREU students are having their best years ever. What did they do that other agents didn’t or wouldn’t do?
Simple, they learned the skills required for this market. Its not too late. Learn how to help homeowners in this market and you will succeed beyond your wildest expectations.
New Home Sale | New Construction Sales Off Dramatically.
New home sales in the U.S. tumbled in August to the slowest pace in 17 years, while the average sales price fell by the largest amount on record, demonstrating the depth of the problem that Washington is trying to solve.
The Commerce Department said Thursday that new homes sales fell by 11.5 percent in August to a seasonally adjusted annual sales rate of 460,000 units, the slowest sales pace since January 1991.
It was a much bigger sales decline than the small 1 percent drop that economists had been expecting. The average price of a new home sold in August dropped by a record amount of 11.8 percent to $263,900, compared to the July average of $299,100. The median price was also down, falling 5.5 percent to $221,900.
Resale Home Sales | Home Sales Hitting New Lows.
The big drop in new home sales followed news Wednesday that sales of existing homes were down 2.2 percent in August to a seasonally adjusted annual rate of 4.91 million units. Both segments of the market remain under pressure from the steepest housing downturn in decades.
The report on new home sales showed that business was off in every region of the country except the Midwest, which posted a 7.2 percent increase. Sales plunged by 36.1 percent in the West and were down 31.9 percent in the Northeast. Sales fell a more modest 2.1 percent in the South.
A Realtors Solution.
Tags: bank owned properties, BPO, how to list reos, real estate coach, real estate training, realtor + training + coaching, realtor coaching
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Common sense tells us that we’re at a crossroads in America: Either we’re a capitalistic economony or we switch over to socialism. The average person in America can’t afford to give our government an extra $3,500 each (700 Billion) to “bail out” those who allowed us to get into this mess in the first place. The banks need to take back the over-loaned properties, take the hit, sell them short, and move on. THEY need to take the hit, not every single taxpayer. The market is the great equalizer in a true capitalistic society.