Builders in some parts of the country (including Sacramento, coming soon to Reno?) are now offering more than $100K off the price of their new homes. These are dangerous times for speculators left holding the bag. And for the builders who sell to them. read it
Diane CohnA creative strategist, Diane uses every angle she can to get the best deal possible for her clients. “I know the market. Trends, numbers, what’s happening on the street. I use it all to my client’s advantage,” she says. Diane earned her BA from the University of California and is an accredited ABR, SRES.
Guy JohnsonA successful prior business owner, Guy brings to the table twenty-plus years of exceeding client expectations. “Listening closely to my clients is the most important step to meeting their needs,” he says. A former Chicagoan, Guy earned his MBA from the University of Illinois.
JoAnn CorrieraJoAnn Corriera is one of Reno’s top-producing real estate agents. She credits her take-charge, pioneering spirit and determination to deliver the positive solutions clients are looking for. JoAnn offers the market expertise and marketing skills that generate top results whether clients are buying or selling.
Mike McGonagleAn architect, business owner, and compulsive public records hacker, Mike reads the tea leaves of the local real estate market from a unique perspective. Yet another Chicagoan, Mike earned his MArch from Harvard University.
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ECONODAY US ECON CALENDAR
http://www.nasdaq.com/asp/econodayframe.asp?page=http://www.nasdaq.com/econoday/index.html
Pending Home Sales Index
Definition
The National Association of Realtors developed the pending home sales index as a leading indicator of housing activity. As such, it is a leading indicator of existing home sales, not new home sales. A pending sale is one in which a contract was signed, but not yet closed. It usually takes four to six weeks to close a contracted sale. Why Investors Care
Released on 3/6/06 For Jan 2006
Pending Home Sales Index
Actual -2.6%
Previous -3.0 %
Highlights
The pending home sales index fell 1.1% to 116.3 in January after falling 2.6% in December. Year-on-year, the index is down 4.8%. Regionally, sales dipped in the South and West and rose in the Midwest and Northeast.
This index measures the number of contracts signed in January and is consistent with sales data suggesting a slowdown may be developing in the nation’s housing sector. High mortgage rates and cautious consumer confidence are two factors limiting the outlook for both the housing sector and wider economic growth.