Hi again. I've got the stats for the State of UT. If you want them then you have to ask! We had several spots with a deprecation and many with appreciation! Sandy went up by 19%! Isn't that awesome?
I subscribe to many different RE publications so you don't have to. I will always try to give you the most updated information that I can find! If you have any questions, please call me!
Here is a forecast from Adrian Van Eck's Mortgage and Property Hotline.
AS YOU NO DOUBT HEARD YESTERDAY EVENING OR AT LEAST WHEN YOU AWOKE THIS MORNING, THE HOUSE OF REPRESENTATIVES EARLY LAST NIGHT FINALLY PASSED THE BIGGEST HOUSING AND BANKING RESCUE PLAN SINCE THE 1930'S. BOTH THE SENATE AND THE WHITE HOUSE HAD EARLIER AGREED TO THE TERMS OF THE BILL IN WHAT BECAME A GRAND COMPROMISE. IN A BILL LIKE THIS ALL DEBATE IS STOPPED. IN ITS PLACE THERE IS AN AGREEMENT THAT GOES LIKE THIS: YOU TELL ME WHAT YOU WANT IN THE FINAL BILL AND I WILL ADD IT IN. IN RETURN I WILL TELL YOU WHAT I WANT IN THE FINAL BILL AND YOU WILL ADD IT IN. I PROMISE NOT TO TOUCH A WORD OF WHAT YOU WANT ADDED IN.
THIS IS THE WAY THINGS HAVE BEEN DONE IN WASHINGTON, D.C. SINCE THE EARLY DAYS OF THE FEDERAL REPUBLIC. (THE ONLY TIME AMERICA STOPPED FORGING GRAND COMPROMISE BILLS LIKE THIS, THE UNION BROKE APART AND A NEARLY FOUR-YEAR LONG CIVIL WAR RESULTED. THAT EXPERIENCE TAUGHT POLITICIANS THAT IT WAS BETTER TO SWALLOW SOME THINGS THEY DID NOT LIKE IN ORDER TO GET SOME THINGS THEY DID LIKE. PRESIDENT FRANKLIN D. ROOSEVELT, WHO HELPED MAKE THE FEDERAL GOVERNMENT BIGGER AND MORE POWERFUL, CALLED THIS PROCESS LOG-ROLLING. THIS EXPLAINS HOW A GOVERNMENT THAT STARTED OUT SO SMALL AND SIMPLE AND INEXPENSIVE IN 1789 HAS GROWN TO BE SO BIG AND COMPLICATED AND COSTLY IN 2008.
I EXPECT THAT THE SENATE WILL SPEEDILY VOTE AYE AND THE PRESIDENT, AS HE PROMISED IN RETURN FOR GETTING WHAT HE AND THE TREASURY SECRETARY WANT FOR FANNIE MAE AND FREDDIE MAC, WILL ADD HIS OWN SIGNATURE TO THE BILL AND TURN IT INTO LAW. I ASSUMED ALL THIS WOULD HAPPEN, SO I STAYED UP LATE INTO THE NIGHT YESTERDAY AND RESEARCHED THE VARIOUS DRAFTS OF THIS BILL, STUDYING ALL THE ITEMS GRAFTED ON SINCE IT BEGAN TO TAKE SHAPE IN CONGRESS WEEKS AGO.
NOT THAT IT MATTERS AT A TIME LIKE THIS, BUT I THINK YOU KNOW BY NOW MY OWN SENTIMENTS REGARDING THIS GRAND COMPROMISE OF 2008. I HAVE STUDIED THE ACTUAL SITUATION IN REAL ESTATE AND BANKING FOR MANY WEEKS, AND RECENTLY I REALIZED THAT WE WERE QUITE CLOSE TO AND MAY HAVE IN SOME REGIONS OF AMERICA HAVE ALREADY REACHED A NATURAL BOTTOM IN THE RECENT TROUBLES. IN OTHER WORDS, IF THIS WAS NOT A PRESIDENTIAL ELECTION YEAR OR ANY ELECTION YEAR AT ALL, EVENTS MIGHT HAVE BEEN ALLOWED TO MUDDLE THROUGH TO A BASE AND TURNED UP ON THEIR OWN.
YES, THERE WOULD HAVE BEEN MORE PAIN AS WE RUSHED TO THE DAY OF JUDGEMENT. SOME BANKERS AND MORTGAGE LENDERS WHO WERE RECKLESS AND EVEN FOOLHARDY IN THEIR CONDUCT WOULD LOSE THEIR JOBS AND EVEN SEE THEIR CAREERS IN FINANCE TERMINATED. SOME SHYSTER TYPES WHO CUT CORNERS TO MAKE AN EXTRA BUCK OR TWO WOULD BE EXPOSED AND HUMILIATED AND WOULD FIND IT HARD TO ATTRACT NEW SUCKERS. SOME OF THEM MIGHT EVEN GO TO JAIL. SOME DEVELOPERS AND BUILDERS WHO SHOULD HAVE KNOWN BETTER BUT WHO ALLOWED SPECULATORS TO SIGN UP FOR TWO OR THREE OR FIVE OR MORE SINGLE-FAMILY HOMES OR CONDOS BEFORE THEY WERE EVEN STARTED, THINKING THAT BY THE TIME THEY WERE FINISHED THEY COULD FLIP THEM AT INFLATED PRICES AND MAKE LOTS OF EASY PROFITS, WOULD FINALLY PAY THE PRICE AND POSSIBLY EVEN GO BROKE.
ANOTHER 400,000 OR MORE HOME BUYERS – SOME OF WHOM SIGNED UP FOR VERY EXPENSIVE MCMANSIONS WAY ABOVE THEIR INCOME LEVEL, THINKING THE HOMES WOULD KEEP GOING UP 20% A YEAR IN PRICE AND BY NOW COULD BE SOLD, MAKING THEM A 50% PROFIT - AND ALSO MANY PEOPLE THAT WERE RECRUITED FROM WELFARE ROLLS AND INVITED TO BUY THEIR FIRST HOME, WITH NO ABILITY OR EVEN INTENTION TO MAKE MORTGAGE PAYMENTS FINALLY WOULD HAVE RUN OUT OF TIME. BUT NOW LOBBYISTS AND POLITICIANS HAVE COMBINED TO WIN FEDERAL MONEY TO TURN THE CLOCK BACK AND RESCUE ALL OR MOST OF THE PEOPLE DESCRIBED HERE.
I NOTE THAT LATE NIGHT TRADING IN A LIST OF STOCKS SHOWED THE GRAND COMPROMISE IS BEING WELL RECEIVED. SO MAYBE WE CAN ALL STOP TALKING ABOUT A NEW DEPRESSION AND FACE UP TO THE FACT THAT THERE ARE NOW MANY POSITIVE ELEMENTS IN THE WORLD OF REAL ESTATE AND BANKING, EVEN WITHOUT WASHINGTON'S HELP. FOR ONE, THE SURGE IN EXPORTS IS BRINGING MANY BILLIONS OF DOLLARS INTO AMERICA AND THIS IS ACTING LIKE A MASSIVE BLOOD TRANSFUSION. MORE NEXT WEEK HERE AND IN OUR UPCOMING MONTHLY LETTER. ADRIAN VAN ECK.
This is some great information for anybody! I also subscribe to edsforecast.com. here is what I got from him!
Should I Buy or Rent? Should I Sell my House and Move Up?
You can ask just about anyone these days whether it is a good time to buy or sell and if they are not an experienced investor they will say it is best to hold off since most markets are slowing or decelerating. Well I am the first one to say this is absolutely incorrect and a very dangerous assumption. It is an assumption that costs a prospective buyer a LOT OF LOST MONEY. So to convince anyone who is a skeptic, I decided to provide a financial calculator that displays easy proof on how a delay in purchasing is almost always costing you. USUALLY A LOT OF MONEY... Hundreds of Realtors are using this calculator on edsforecast.com. This really is an eye opener.
http://info.edsforecast.com/Newsletters/0708buyvsrent.htm
Best Regards,
Ed Ross, Best Selling Author, and president of Edsforecast.com
I hope you enjoyed the read! I hope to have more next time for you!
Here are the quotes!
"Before everything else, getting ready is the secret of success. "
-- Henry Ford, automaker
"Success is the maximum utilization of the ability that you have."
-- Zig Ziglar, Motivational Speaker
"My interest is in the future because I am going to spend the rest of my
life there."
-- Charles Kettering, Social Philosopher
"If everything seems under control, you're just not going fast enough."
-- Mario Andretti, Car Racer
"Kind words do not cost much. They never blister the tongue or lips.
They make other people good-natured. They also produce their own image
on men's souls, and a beautiful image it is."
-- Blaise Pascal, Writer
"You may not realize it when it happens, but a kick in the teeth may be
the best thing in the world for you."
-- Walt Disney, Animator, Film Producer
"Practice doesn't make perfect. Perfect practice makes perfect. "
-- Vince Lombardi, Football Coach
"No one can cheat you out of ultimate success but yourself."
-- Ralph Waldo Emerson, Poet
"An amazing thing, the human brain. Capable of understanding incredibly
complex and intricate concepts. Yet at times unable to recognize the
obvious and simple."
-- Jay Abraham, Marketing Expert
"Nurture your mind with great thoughts for you will never go any higher
than you think."
-- Benjamin Disraeli, 1st Earl of Beaconsfield
"Goals are dreams with deadlines."
-- Diana Scharf Hunt, Author
If for any reason you are unhappy with the content on my blog, please call me!
Check out my name on Google Brian E. Betts Thank you so much for you trust and loyalty!
All "Betts" on Brian! The only Realtor you want!
Friday, July 25, 2008
Tuesday, July 15, 2008
My Life as a Realtor!
I thought that this statistic was pretty impressive. We hear all this doom and gloom about the Market. Everyone is in Foreclosure and the world is coming to an end. On the flip side to this we hear that you can go out and find a foreclosure on every street in the nation. This what I heard today might change your mind. I have been telling you that there are not a lot of homes in foreclosure for months. Now RealtyTrac has my back.
Foreclosure Numbers For May!
RealtyTrac reported their May Numbers for foreclosures nationwide. And it is not pretty on the surface. According to them, “foreclosures were up 48% in May from the year earlier to a record of 261,255- which is up 7% from April. That represents 1 in 487 homes.”
And if we just listen to the headlines we think, WOW, this is bad. But do the math for a minute, divide 1 by 487-you get .21% right? That means 2/10ths of 1% of all homeowners in this country are in some stage of foreclosure process. That number is surprising isn’t it?
Yes, 99.8% of ALL homes nationwide are NOT in foreclosure! WOW.
Can you hear me now? GOOD!
Now I'm not one to gloat, but I Told You So! If you are the one that is in some sort of the .21% let me know so I can help you out before it gets to late to save you and to keep your home out. You know you can trust me.
Here are the quoats! Have a great day.
"The quality of a person's life is in direct proportion to their
commitment to excellence, regardless of their chosen field of endeavor."
-- Vince Lombardi, Legendary Football Coach
"How far you go in life depends on your being tender with the young,
compassionate with the aged, sympathetic with the striving, and tolerant
of the weak and strong. Because someday in your life you will have been
all of these. "
-- George Washington Carver, Botanist
"No matter what accomplishments you make, somebody helped you."
-- Althea Gibson, Tennis Player
"There's only one direction you can coast."
-- Brian Tracy, Author
"All blame is a waste of time. No matter how much fault you find with
another, and regardless of how much you blame him, it will not change
you. The only thing blame does is to keep the focus off you when you are
looking for external reasons to explain your unhappiness or frustration.
You may succeed in making another feel guilty about something by blaming
him, but you won't succeed in changing whatever it is about you that is
making you unhappy."
-- Wayne Dyer, Teacher
"The first rule is to keep an untroubled spirit. The second is to look
things in the face and know them for what they are. "
-- Marcus Aurelius, Emperor
"If we did all the things we are capable of, we would literally astonish
ourselves."
-- Thomas Edison, Inventor
"Go confidently in the direction of your dreams. Live the life you have
imagined."
-- Henry David Thoreau, Author, Philosopher
"Only those who dare to fail greatly can ever achieve greatly."
-- John Kennedy, 35th President of the United States
"There are risks and costs to a plan of action. But they are far less
than the long-range risks and costs of comfortable inaction."
-- John F. Kennedy, 35 President of the United States
"A good plan is like a road map: It shows the final destination and
usually the best way to get there."
-- H. Stanley Judd, Writer
"Success usually comes to those who are too busy to be looking for it. "
-- Henry Thoreau, Author
"Before everything else, getting ready is the secret of success. "
-- Henry Ford, automaker
Foreclosure Numbers For May!
RealtyTrac reported their May Numbers for foreclosures nationwide. And it is not pretty on the surface. According to them, “foreclosures were up 48% in May from the year earlier to a record of 261,255- which is up 7% from April. That represents 1 in 487 homes.”
And if we just listen to the headlines we think, WOW, this is bad. But do the math for a minute, divide 1 by 487-you get .21% right? That means 2/10ths of 1% of all homeowners in this country are in some stage of foreclosure process. That number is surprising isn’t it?
Yes, 99.8% of ALL homes nationwide are NOT in foreclosure! WOW.
Can you hear me now? GOOD!
Now I'm not one to gloat, but I Told You So! If you are the one that is in some sort of the .21% let me know so I can help you out before it gets to late to save you and to keep your home out. You know you can trust me.
Here are the quoats! Have a great day.
"The quality of a person's life is in direct proportion to their
commitment to excellence, regardless of their chosen field of endeavor."
-- Vince Lombardi, Legendary Football Coach
"How far you go in life depends on your being tender with the young,
compassionate with the aged, sympathetic with the striving, and tolerant
of the weak and strong. Because someday in your life you will have been
all of these. "
-- George Washington Carver, Botanist
"No matter what accomplishments you make, somebody helped you."
-- Althea Gibson, Tennis Player
"There's only one direction you can coast."
-- Brian Tracy, Author
"All blame is a waste of time. No matter how much fault you find with
another, and regardless of how much you blame him, it will not change
you. The only thing blame does is to keep the focus off you when you are
looking for external reasons to explain your unhappiness or frustration.
You may succeed in making another feel guilty about something by blaming
him, but you won't succeed in changing whatever it is about you that is
making you unhappy."
-- Wayne Dyer, Teacher
"The first rule is to keep an untroubled spirit. The second is to look
things in the face and know them for what they are. "
-- Marcus Aurelius, Emperor
"If we did all the things we are capable of, we would literally astonish
ourselves."
-- Thomas Edison, Inventor
"Go confidently in the direction of your dreams. Live the life you have
imagined."
-- Henry David Thoreau, Author, Philosopher
"Only those who dare to fail greatly can ever achieve greatly."
-- John Kennedy, 35th President of the United States
"There are risks and costs to a plan of action. But they are far less
than the long-range risks and costs of comfortable inaction."
-- John F. Kennedy, 35 President of the United States
"A good plan is like a road map: It shows the final destination and
usually the best way to get there."
-- H. Stanley Judd, Writer
"Success usually comes to those who are too busy to be looking for it. "
-- Henry Thoreau, Author
"Before everything else, getting ready is the secret of success. "
-- Henry Ford, automaker
Monday, June 30, 2008
My Life as A Realtor.
I've been a busy boy this last week. I have over 3 mil in inventory and 675k under contract right now. I have been trying to contact some old leads that I have been working in the past and getting homes sold. It's going to be HOT today we are looking at 100!
We had a great, but busy, weekend. Sat. I went fishing and caught many catfish. Went to a wake. Deb you are so strong! We love you. Then went to a Birthday party for one of my clients oldest daughter. Happy Birthday again! We had a blast and got home a little late. Rested on Sun.Back to work on Mon.
Let me know if I can help you in your Life.
All "Betts" on Brian! The only Realtor you want!
Here are the quotes!
"Worry is interest paid on trouble before it comes due."
-- William Ralph Inge, writer
"Imagination is more important than knowledge."
-- Albert Einstein, Theoretical Physicist
"Nothing will ever be attempted, if all possible objections must first
be overcome."
-- Samuel Johnson, Essayist, Lexicographer
"The man who can drive himself further once the effort gets painful is
the man who will win."
-- Roger Bannister, Runner
"The man who chases two rabbits catches neither."
-- Confucius, philosopher
"Many of us spend half our time wishing for things we could have if we
didn't spend half our time wishing."
-- Alexander Woollcott, Critic and Commentator for The New Yorker magazine
"Fix your eyes forward on what you can do, not back on what you cannot change."
-- Tom Clancy, Author
"Cherish your visions and your dreams, as they are the children of your
soul, the blueprints of your ultimate achievements. "
-- Napoleon Hill, Pioneer of Personal Achievement Philosophy
"The Chinese use two brush strokes to write the word "crisis." One brush
stroke stands for danger, the other for opportunity. In a crisis, be
aware of danger--but recognize the opportunity."
-- John Kennedy, 35th President of the United States
"Success is often achieved by those who don't know that failure is
inevitable."
-- Coco Chanel, Fashion Designer
We had a great, but busy, weekend. Sat. I went fishing and caught many catfish. Went to a wake. Deb you are so strong! We love you. Then went to a Birthday party for one of my clients oldest daughter. Happy Birthday again! We had a blast and got home a little late. Rested on Sun.Back to work on Mon.
Let me know if I can help you in your Life.
All "Betts" on Brian! The only Realtor you want!
Here are the quotes!
"Worry is interest paid on trouble before it comes due."
-- William Ralph Inge, writer
"Imagination is more important than knowledge."
-- Albert Einstein, Theoretical Physicist
"Nothing will ever be attempted, if all possible objections must first
be overcome."
-- Samuel Johnson, Essayist, Lexicographer
"The man who can drive himself further once the effort gets painful is
the man who will win."
-- Roger Bannister, Runner
"The man who chases two rabbits catches neither."
-- Confucius, philosopher
"Many of us spend half our time wishing for things we could have if we
didn't spend half our time wishing."
-- Alexander Woollcott, Critic and Commentator for The New Yorker magazine
"Fix your eyes forward on what you can do, not back on what you cannot change."
-- Tom Clancy, Author
"Cherish your visions and your dreams, as they are the children of your
soul, the blueprints of your ultimate achievements. "
-- Napoleon Hill, Pioneer of Personal Achievement Philosophy
"The Chinese use two brush strokes to write the word "crisis." One brush
stroke stands for danger, the other for opportunity. In a crisis, be
aware of danger--but recognize the opportunity."
-- John Kennedy, 35th President of the United States
"Success is often achieved by those who don't know that failure is
inevitable."
-- Coco Chanel, Fashion Designer
Friday, June 27, 2008
My Life as a Realtor
Another beautiful day in the Salt Lake City area! We just got some smoking deals for you out in Herriman. Most of these are 40-50 Cents on the dollar. I can make it happen! The one that I put under contract was a 6220 sqft home on .73 acers for $357,100.00. If you want that kind of deal, you have to call me!
Here are some quotes!
"We act as though comfort and luxury were the chief requirements of
life, when all that we need to make us really happy is something to be
enthusiastic about."
-- Charles Kingsley, Clergyman
"You are accountable for what you do, and no one else is accountable."
-- Edith Martin
"Chance favors the prepared mind."
-- Louis Pasteur, Chemist
"If you have accomplished all that you have planned for yourself, you
have not planned enough."
-- Edward Everett Hale, Clergyman
"If your actions inspire others to dream more, learn more, do more and
become more, you are a leader."
-- John Quincy Adams, 6th President of the United States
"The big secret in life is that there is no big secret. Whatever your
goal, you can get there if you're willing to work."
-- Oprah Winfrey, Talk Show Host
"Try not to become a man of success, but rather a man of value."
-- Albert Einstein, scientist
"Make a habit of dominating the listening and
let the customer dominate the talking."
-- Brian Tracy, Author
"Feeling gratitude and not expressing it is like
wrapping a present and not giving it."
-- William Arthur Ward, Scholar
"Success is merely the process of fulfilling your own hopes and
dreams--not the standards set by society, but by the standards set by
you."
-- George Pataki, New York governor
"It's better to look ahead and prepare than to look back and regret."
-- Jacki Joyner-Kersee, Athlete
"All who have accomplished great things have had a great aim and have
fixed their gaze on a goal that is high--one that sometimes seems
impossible."
-- Orison Swett Marden, Motivational Writer
Here is a great way to live your life!
"Every morning in Africa a gazelle wakes up. It knows it has to run faster than the fastest lion or it will be killed. Every morning a lion wakes up. It knows it must outrun the slowest gazelle or it will starve to death. It doesn't matter whether you are a LION or GAZELLE: When the Sun comes up, You had better be Running!"
Try to live your life like that for 1 day. If you don't like it, then Stop running!
Good luck and God bless!
Here are some quotes!
"We act as though comfort and luxury were the chief requirements of
life, when all that we need to make us really happy is something to be
enthusiastic about."
-- Charles Kingsley, Clergyman
"You are accountable for what you do, and no one else is accountable."
-- Edith Martin
"Chance favors the prepared mind."
-- Louis Pasteur, Chemist
"If you have accomplished all that you have planned for yourself, you
have not planned enough."
-- Edward Everett Hale, Clergyman
"If your actions inspire others to dream more, learn more, do more and
become more, you are a leader."
-- John Quincy Adams, 6th President of the United States
"The big secret in life is that there is no big secret. Whatever your
goal, you can get there if you're willing to work."
-- Oprah Winfrey, Talk Show Host
"Try not to become a man of success, but rather a man of value."
-- Albert Einstein, scientist
"Make a habit of dominating the listening and
let the customer dominate the talking."
-- Brian Tracy, Author
"Feeling gratitude and not expressing it is like
wrapping a present and not giving it."
-- William Arthur Ward, Scholar
"Success is merely the process of fulfilling your own hopes and
dreams--not the standards set by society, but by the standards set by
you."
-- George Pataki, New York governor
"It's better to look ahead and prepare than to look back and regret."
-- Jacki Joyner-Kersee, Athlete
"All who have accomplished great things have had a great aim and have
fixed their gaze on a goal that is high--one that sometimes seems
impossible."
-- Orison Swett Marden, Motivational Writer
Here is a great way to live your life!
"Every morning in Africa a gazelle wakes up. It knows it has to run faster than the fastest lion or it will be killed. Every morning a lion wakes up. It knows it must outrun the slowest gazelle or it will starve to death. It doesn't matter whether you are a LION or GAZELLE: When the Sun comes up, You had better be Running!"
Try to live your life like that for 1 day. If you don't like it, then Stop running!
Good luck and God bless!
Wednesday, June 11, 2008
My Life as a Realtor!
What a great life we have! I love this country! No where else in the world can you make this kind of money legally!
Right now I have 6 listings, working with 3 buyers and tomorrow I am in a Keller Williams Golf Tourney. Should take 1st place.
Listings:
One of the Last true loft conversions. 991 SQFT 1 bed/1 bath. 5th floor overlooking downtown SLC and a great shot of the mountains. $450,000.00
Great home on the east side of SLC. 1600 SQFT 2 bed/1 bath. Sitting on a quiet street and in a great neighborhood. $212,218.00
Secluded Cabin on 20 acres. 1024 SQFT 3 bed/1 bath. You cant find this kind of price any where for the land! $280,000.00
Private club on State St. in Lehi. 5200 SQFT. 2 levels. This is fully equipped with all! 60K in stage and sound equipment. Business licences included. $1,100,000.00
Private Club on State St. in Midvale. 2400 SQFT. 1 level. This is a turn key business. Business only. $220,000.00
Billiards and Beer bar on State St. in Midvale. This is also a Turn Key business and has a snack shop. Will be working a deal for all tree clubs. $220,000.00
If you want any more info on any of these properties, please call me. My office, cell and email is on my website. http://betts.yourkwagent.com
Sky's are clear in Real Estate! Call me if I can help in any way!
Here are the Quotes!
"Flexibility in a time of great change is a vital quality of
leadership."
-- Brian Tracy, Tracy
"See luck when it is with you; and act responsibly when it is not."
-- C.P.G. von Clausewitz, Major-General
"It does not matter how slowly you go up, so long as you don't stop."
-- Confucius, Philosopher
"I don't know the key to success, but the key to failure is trying to
please everybody. "
-- Bill Cosby, Comedian
"If you do what you've always done, you'll get what you've always
gotten."
-- Anthony Robbins, Motivational Speaker
"Twenty years from now you will be more disappointed by the things that
you didn't do than by the ones you did do. So throw off the bowlines.
Sail away from the safe harbor. Catch the trade winds in your sails.
Explore. Dream. Discover."
-- Mark Twain, Author
"Contentment comes not so much from great wealth as from few wants."
-- Epictetus, Philosopher
"Only free people can hold their purpose and their honor steady to a
common end, and prefer the interests of mankind to any narrow interest
of their own."
-- Woodrow Wilson, 28th President of the United States
"We must look for the opportunity in every difficulty instead of being
paralyzed at the thought of the difficulty in every opportunity."
-- Walter E. Cole, Korean War Hero
"Comfort, that stealthy thing that enters the house a guest, and then
becomes a host, then a master. And then it becomes a tamer, and with a
hook and whip it makes puppets of your larger desires."
-- Kahlil Gibran, Poet, Visual Artist
"To be nobody but yourself in a world which is doing its best night and
day to make you like everybody else means to fight the hardest battle
any human being can fight and never stop fighting."
-- E.E. Cummings, American poet
"Effort, not ability, makes the biggest difference in achievement."
-- Bill Clinton, 42nd President of the United States
"People are always blaming their circumstances for what they are. I don't believe in circumstances. The people who get on in this world are the people who get up and look for the circumstances they want, and if they can't find them, make them. "
-- George Bernard Shaw, Playwright
"It is a common experience that a problem difficult at night is resolved
in the morning after the committee of sleep has worked on it."
-- John Steinbeck, Author
"When you're riding, only the race in which you're riding is important."
-- Bill Shoemaker, Jockey
"People who are unable to motivate themselves must be content with
mediocrity."
-- Andrew Carnegie, Industrialist
Right now I have 6 listings, working with 3 buyers and tomorrow I am in a Keller Williams Golf Tourney. Should take 1st place.
Listings:
One of the Last true loft conversions. 991 SQFT 1 bed/1 bath. 5th floor overlooking downtown SLC and a great shot of the mountains. $450,000.00
Great home on the east side of SLC. 1600 SQFT 2 bed/1 bath. Sitting on a quiet street and in a great neighborhood. $212,218.00
Secluded Cabin on 20 acres. 1024 SQFT 3 bed/1 bath. You cant find this kind of price any where for the land! $280,000.00
Private club on State St. in Lehi. 5200 SQFT. 2 levels. This is fully equipped with all! 60K in stage and sound equipment. Business licences included. $1,100,000.00
Private Club on State St. in Midvale. 2400 SQFT. 1 level. This is a turn key business. Business only. $220,000.00
Billiards and Beer bar on State St. in Midvale. This is also a Turn Key business and has a snack shop. Will be working a deal for all tree clubs. $220,000.00
If you want any more info on any of these properties, please call me. My office, cell and email is on my website. http://betts.yourkwagent.com
Sky's are clear in Real Estate! Call me if I can help in any way!
Here are the Quotes!
"Flexibility in a time of great change is a vital quality of
leadership."
-- Brian Tracy, Tracy
"See luck when it is with you; and act responsibly when it is not."
-- C.P.G. von Clausewitz, Major-General
"It does not matter how slowly you go up, so long as you don't stop."
-- Confucius, Philosopher
"I don't know the key to success, but the key to failure is trying to
please everybody. "
-- Bill Cosby, Comedian
"If you do what you've always done, you'll get what you've always
gotten."
-- Anthony Robbins, Motivational Speaker
"Twenty years from now you will be more disappointed by the things that
you didn't do than by the ones you did do. So throw off the bowlines.
Sail away from the safe harbor. Catch the trade winds in your sails.
Explore. Dream. Discover."
-- Mark Twain, Author
"Contentment comes not so much from great wealth as from few wants."
-- Epictetus, Philosopher
"Only free people can hold their purpose and their honor steady to a
common end, and prefer the interests of mankind to any narrow interest
of their own."
-- Woodrow Wilson, 28th President of the United States
"We must look for the opportunity in every difficulty instead of being
paralyzed at the thought of the difficulty in every opportunity."
-- Walter E. Cole, Korean War Hero
"Comfort, that stealthy thing that enters the house a guest, and then
becomes a host, then a master. And then it becomes a tamer, and with a
hook and whip it makes puppets of your larger desires."
-- Kahlil Gibran, Poet, Visual Artist
"To be nobody but yourself in a world which is doing its best night and
day to make you like everybody else means to fight the hardest battle
any human being can fight and never stop fighting."
-- E.E. Cummings, American poet
"Effort, not ability, makes the biggest difference in achievement."
-- Bill Clinton, 42nd President of the United States
"People are always blaming their circumstances for what they are. I don't believe in circumstances. The people who get on in this world are the people who get up and look for the circumstances they want, and if they can't find them, make them. "
-- George Bernard Shaw, Playwright
"It is a common experience that a problem difficult at night is resolved
in the morning after the committee of sleep has worked on it."
-- John Steinbeck, Author
"When you're riding, only the race in which you're riding is important."
-- Bill Shoemaker, Jockey
"People who are unable to motivate themselves must be content with
mediocrity."
-- Andrew Carnegie, Industrialist
Wednesday, May 14, 2008
My Life as a Realtor
Oops, We Did it again! Now we are on Zillow.com and 100 other websites. There is no other Real Estate Co. that are as linked up as we are! Check out this artice from Inman News.
http://www.inman.com/news/2008/05/14/keller-williams-sending-listings-zillow
We are still going strong. I am currently working with 1 buyer and my buyers agent is working with one too. I have those listings that I keep getting calls on. My investor and I went and looked at this one home that was MOLDY. It was a health issue of it's own.
Still on course and helping people in and out of homes. I have a referral in WY, one in Southern UT and one in AR. I can find you a great agent anywhere in this great country of our and in Canada. Let me prove this to you, your family and friends.
Here are some quotes!
"Glory is fleeting, but obscurity is forever. "
-- Napoleon Bonaparte, French emperor
"Your company's most valuable asset is how it is known to its
customers."
-- Brian Tracy, Author
"No one lives long enough to learn everything they need to learn
starting from scratch. To be successful, we absolutely, positively have
to find people who have already paid the price to learn the things that
we need to learn to achieve our goals."
-- Brian Tracy, Author
"Every great man of business has got somewhere a touch of the idealist
in him."
-- Woodrow Wilson, 28th U.S. president
"Parents can only give good advice .but the final forming of a person's
character lies in their own hands."
-- Ann Frank, writer
"A major stimulant to creative thinking is focused questions. There is
something about a well-worded question that often penetrates to the
heart of the matter and triggers new ideas and insights."
-- Brian Tracy, Author
"We should be taught not to wait for inspiration to start a thing.
Action always generates inspiration. Inspiration seldom generates
action."
-- Frank Tibolt, Author
http://www.inman.com/news/2008/05/14/keller-williams-sending-listings-zillow
We are still going strong. I am currently working with 1 buyer and my buyers agent is working with one too. I have those listings that I keep getting calls on. My investor and I went and looked at this one home that was MOLDY. It was a health issue of it's own.
Still on course and helping people in and out of homes. I have a referral in WY, one in Southern UT and one in AR. I can find you a great agent anywhere in this great country of our and in Canada. Let me prove this to you, your family and friends.
Here are some quotes!
"Glory is fleeting, but obscurity is forever. "
-- Napoleon Bonaparte, French emperor
"Your company's most valuable asset is how it is known to its
customers."
-- Brian Tracy, Author
"No one lives long enough to learn everything they need to learn
starting from scratch. To be successful, we absolutely, positively have
to find people who have already paid the price to learn the things that
we need to learn to achieve our goals."
-- Brian Tracy, Author
"Every great man of business has got somewhere a touch of the idealist
in him."
-- Woodrow Wilson, 28th U.S. president
"Parents can only give good advice .but the final forming of a person's
character lies in their own hands."
-- Ann Frank, writer
"A major stimulant to creative thinking is focused questions. There is
something about a well-worded question that often penetrates to the
heart of the matter and triggers new ideas and insights."
-- Brian Tracy, Author
"We should be taught not to wait for inspiration to start a thing.
Action always generates inspiration. Inspiration seldom generates
action."
-- Frank Tibolt, Author
Friday, May 9, 2008
My life as a Realtor.
Again, it's been a while. I graduated the SMART program with top honers. I was in the top producing group with $22 mill in transaction in a 7 week period. I was awarded the leadership award for being the asst. leader of our top producing group and I received the All Star award for Exceptional Productivity. There were only 8 out of 73 people that got that!
I have been really busy. I just picked up two more bars to go for the package deal for the Big. All tree bars are now listed and we will let all three go for $1.5 mill. For these bars bringing in aver $20k a month we are letting them go for a song. If you have anyone that is interested in this, please let me know!
So far I have closed $962,500.00 in Transaction and have $1,820,000.00 in inventory and that's not all. I will be picking up a $450,000.00 Loft condo downtown on the 1st of June. This property is a green built and ready to move into.
I also picked up a 3/1 cabin on 20 akers that we are letting go of for $280,000.00. We have had a lot of interest on this property, but we can't get into it yet. Me and the owner are going up to fish this weekend and we should be able to get into it. We went up weekend before last and there was still 2 ft. of snow on the ground.
Let me know if there is anything I can do for you, your family or your friends! I have attached a few articles and of course the Quotes!
Enjoy! More later!
"Don't worry when you are not recognized, but strive to be worthy of
recognition."
-- Abraham Lincoln, 16th U.S. president
"A successful individual typically sets his next goal somewhat but not
too much above his last achievement."
-- Kurt Lewin, Psychologist
"I have found no greater satisfaction than achieving success through
honest dealing and strict adherence to the view that, for you to gain,
those you deal with should gain as well."
-- Alan Greenspan, Former Chairman of the U.S. Federal Reserve
"If you go to work on your goals, your goals will go to work on you. If
you go to work on your plan, your plan will go to work on you. Whatever
good things we build, end up building us."
-- Jim Rohn, Motivational Speaker
"In matters of principle, stand like a rock; in matters of taste, swim
with the current. "
-- Thomas Jefferson, third president
"Ideas must work though the brains and the arms of good and brave men,
or they are no better than dreams. "
-- Ralph Waldo Emerson, poet
"Man must search for what is right and let happiness come on its own. "
-- Johann Pestalozzi, educator
"I learned that courage was not the absence of fear, but the triumph
over it. The brave man is not he who does not feel afraid, but he who
conquers that fear."
-- Nelson Mandela, Civil Rights Leader
"If you are interested, you never have to look for new interests. They
come to you. When you are genuinely interested in one thing, it will
always lead to something else. "
-- Eleanor Roosevelt, first lady
"Far better is it to dare mighty things, to win glorious triumphs, even
though checkered by failure than to rank with those poor spirits who
neither enjoy much nor suffer much, because they live in a gray twilight
that knows not victory nor defeat. "
-- Theodore Roosevelt, 26th U.S. President
"I learned that we can do anything, but we can't do everything.. at
least not at the same time. So think of your priorities not in terms of
what activities you do, but when you do them. Timing is everything."
-- Dan Millman, Author
This is from Forbes.com
Nationally, home prices are falling, unemployment is on the rise and the economy is expected to grow slowly--or even contract--in the first half of the year.
But some cities are doing just fine.
Take Oklahoma City, Okla. With falling unemployment, one of the country's strongest housing markets, and solid growth in agriculture, energy and manufacturing, it looks best positioned among the nation's largest metropolitan areas to ride out the current crisis.
Affordable home prices that continue to rise. Its industries are growing; it can't hurt that the new AT&T (nyse: T - news - people ) was formed when San Antonio-based SBC Communications swallowed the old AT&T Corp. and BellSouth.
The others holding steady or improving include Austin, Texas; Houston; Charlotte, N.C.; Dallas; San Jose, Calif.; Raleigh, N.C.; Salt Lake City; and Seattle.
Behind The Numbers
To find them, Forbes.com examined the country's 50 largest metros and looked at several key measures.
We examined unemployment data supplied by the U.S. Bureau of Labor Statistics for the year ending in February 2008 to see which areas are most adding or subtracting jobs. Next, we looked at the BLS data on job growth in non-farm payrolls, through February 2008, for construction, education and health services, financial activities, information, leisure and hospitality, manufacturing, natural resources and mining, professional and business services, trade, transportation and utilities, and the BLS's catch-all category, "other services."
We also took into account median home price data from the National Association of Realtors--from the fourth quarter of 2006 to the fourth quarter of 2007--to see which areas posted the largest annual gains. Our data don't account for the impact of declining sales in the first several months of this year.
Finally, our rankings were adjusted using data from a November 2007 report, "U.S. Metro Economies: The Mortgage Crisis," by the U.S. Conference of Mayors. It lists each city's estimated gross metropolitan product growth by projecting how rising foreclosures and falling home prices would affect overall levels of productivity in local economies.
Sunny Southern Skies
Texas cities fared best under these measures. San Antonio, Austin, Houston and Dallas-Fort Worth have benefited from historically lower home prices, which have been affordable to a large segment of the population. The availability of land--and, in some cases, little zoning--helped keep prices in these cities low. Instead of competing for homes, Texans could move to a new subdivision a little farther out.
What's more, all four boast falling unemployment rates, with Austin dropping from 3.8% to 3.6% and San Antonio from 4.3% to 4%
Cities that are expected to see growth in non-farm payrolls include Raleigh, which is expected to see 7.4% growth in professional and business services and 6% growth in education and health. In Salt Lake City, where the median home price rose 2.5% and unemployment, at 3.1%, is below the 5.1% national average, growth in education and health services is expected to be 5.5%.
How are you planning on weathering the impending recession? Weigh in. Add your thoughts in the Reader Comments section below.
Some cities have seen increasing home prices but otherwise continue to struggle. Buffalo and Rochester, N.Y., have seen home price growth (from a low base) but still contend with high unemployment--around 6%--and slow-growing or shrinking industries.
And in the San Jose area, the median home sale price is over $830,000. That's 11% higher than it was in the fourth quarter of 2006, helping to land the area at No. 4 on our list. Problem is, that growth has since cooled, and it remains to be seen whether pricey homes coupled with a 5.3% unemployment rate will cause trouble for homeowners this year.
To be sure, even in the most resilient cities, the mortgage crisis has caused suffering. People everywhere got into bad mortgages. Similarly, even in the most battered cities, the majority of people are employed and making their mortgage payments. The extent of recession or resilience is very much in the eye of the beholder, and this list represents only one of many ways to take a snapshot of economies that are standing tall.
In his statements to Congress' Joint Economic Committee earlier this month, Federal Reserve Chairman Ben Bernanke predicted the economy would possibly move into recession in the first half of 2008 but begin to rebound in the second half.
6. Salt Lake City, Utah
Median home price: +2.5%
Unemployment: 3.1% (from 2.6%)
Key growth: Education and health services, +5.5%
Though Salt Lake City's unemployment rate is rising, it's still among the lowest of the country's 50 largest cities. The state is still creating jobs, just not as quickly as its labor force is growing. A November 2007 report from the U.S. Conference of Mayors projected that Salt Lake City would be one of the few large cities in the country not to suffer a decline in gross metropolitan product from the mortgage crisis.
This is from The Wall Street Journal
The Housing Crisis Is Over
By CYRIL MOULLE-BERTEAUX
May 6, 2008; Page A23
The dire headlines coming fast and furious in the financial and popular press suggest that the housing crisis is intensifying. Yet it is very likely that April 2008 will mark the bottom of the U.S. housing market. Yes, the housing market is bottoming right now. How can this be? For starters, a bottom does not mean that prices are about to return to the heady days of 2005. That probably won't happen for another 15 years. It just means that the trend is no longer getting worse, which is the critical factor.
Most people forget that the current housing bust is nearly three years old. Home sales peaked in July 2005. New home sales are down a staggering 63% from peak levels of 1.4 million. Housing starts have fallen more than 50% and, adjusted for population growth, are back to the trough levels of 1982. Furthermore, residential construction is close to 15-year lows at 3.8% of GDP; by the fourth quarter of this year, it will probably hit the lowest level ever. So what's going to stop the housing decline? Very simply, the same thing that caused the bust: affordability. The boom made housing unaffordable for many American families, especially first-time home buyers. During the 1990s and early 2000s, it took 19% of average monthly income to service a conforming mortgage on the average home purchased. By 2005 and 2006, it was absorbing 25% of monthly income. For first time buyers, it went from 29% of income to 37%. That just proved to be too much. Prices got so high that people who intended to actually live in the houses they purchased (as opposed to speculators) stopped buying. This caused the bubble to burst.
Since then, house prices have fallen 10%-15%, while incomes have kept growing (albeit more slowly recently) and mortgage rates have come down 70 basis points from their highs. As a result, it now takes 19% of monthly income for the average home buyer, and 31% of monthly income for the first-time home buyer, to purchase a house. In other words, homes on average are back to being as affordable as during the best of times in the 1990s. Numerous households that had been priced out of the market can now afford to get in.
The next question is: Even if home sales pick up, how can home prices stop falling with so many houses vacant and unsold? The flip but true answer: because they always do. In the past five major housing market corrections (and there were some big ones, such as in the early 1980s when home sales also fell by 50%-60% and prices fell 12%-15% in real terms), every time home sales bottomed, the pace of house-price declines halved within one or two months. The explanation is that by the time home sales stop declining, inventories of unsold homes have usually already started falling in absolute terms and begin to peak out in "months of supply" terms. That's the case right now: New home inventories peaked at 598,000 homes in July 2006, and stand at 482,000 homes as of the end of March. This inventory is equivalent to 11 months of supply, a 25-year high – but it is similar to 1974, 1982 and 1991 levels, which saw a subsequent slowing in home-price declines within the next six months.
Inventories are declining because construction activity has been falling for such a long time that home completions are now just about undershooting new home sales. In a few months, completions of new homes for sale could be undershooting new home sales by 50,000-100,000 annually. Inventories will drop even faster to 400,000 – or seven months of supply – by the end of 2008. This shift in inventories will have a significant impact on prices, although house prices won't stop falling entirely until inventories reach five months of supply sometime in 2009. A five-month supply has historically signaled tightness in the housing market.
Many pundits claim that house prices need to fall another 30% to bring them back in line with where they've been historically. This is usually based on an analysis of house prices adjusted for inflation: Real house prices are 30% above their 40-year, inflation-adjusted average, so they must fall 30%. This simplistic analysis is appealing on the surface, but is flawed for a variety of reasons. Most importantly, it neglects the fact that a great majority of Americans buy their houses with mortgages. And if one buys a house with a mortgage, the most important factor in deciding what to pay for the house is how much of one's income is required to be able to make the mortgage payments on the house. Today the rate on a 30-year, fixed-rate mortgage is 5.7%. Back in 1981, the rate hit 18.5%.
Comparing today's house prices to the 1970s or 1980s, when mortgage rates were stratospheric, is misguided and misleading. This is all good news for the broader economy. The housing bust has been subtracting a full percentage point from GDP for almost two years now, which is very large for a sector that represents less than 5% of economic activity.
When the rate of house-price declines halves, there will be a wholesale shift in markets' perceptions. All of a sudden, the expected value of the collateral (i.e. houses) for much of the lending that went on for the past decade will change. Right now, when valuing the collateral, market participants including banks are extrapolating the current pace of house price declines for another two to three years; this has a significant impact on the amount of delinquencies, foreclosures and credit losses that lenders are expected to face.
More home sales and smaller price declines means fewer homeowners will be underwater on their mortgages. They will thus have less incentive to walk away and opt for foreclosure. A milder house-price decline scenario could lead to increases in the market value of a lot of the securitized mortgages that have been responsible for $300 billion of write-downs in the past year. Even if write-backs do not occur, stabilizing collateral values will have a huge impact on the markets' perception of risk related to housing, the financial system, and the economy.
We are of course experiencing a serious housing bust, with serious economic consequences that are still unfolding. The odds are that the reverberations will lead to subtrend growth for a couple of years. Nonetheless, housing led us into this credit crisis and this recession. It is likely to lead us out. And that process is underway, right now.
Mr. Moulle-Berteaux is managing partner of Traxis Partners LP, a hedge fund firm based in New York.
This is from Van Eck>;<B< span>r>
Adrian Van Eck's Mortgage and Property Hotline
For: Thursday, May 1, 2008
NOW THAT BANKS HAVE BEEN STABILIZED WITH AN INJECTION OF FUNDS FROM THE FEDERAL RESERVE, ATTENTION IS BEING TURNED TO THOSE WHO WISH TO BUY A HOME OF THEIR OWN. PERSONAL SAVINGS IN AMERICA ARE MUCH LARGER THAN MOST PEOPLE REALIZE, SO THERE IS AMPLE CASH WAITING ON THE SIDELINES TO COVER FHA-INSURED MORTGAGE DOWN PAYMENTS AND CLOSING COSTS. THE REASON NO ONE KNOWS OF THESE LARGE SAVINGS ACCOUNT BALANCES IS THAT THE FEDERAL GOVERNMENT ISSUES EACH MONTH A REPORT ON AMERICA'S NET SAVINGS RATE. THEY DID SO JUST TODAY, FOR EXAMPLE. THEY SAID THAT NET SAVINGS LAST MONTH DROPPED FROM 0.4% (FEBRUARY RATE) TO 0.2%. WHAT THEY DO NOT TELL YOU IS THAT THE REASON FOR THE DECLINE IS THAT THE FEDERAL DEFICIT EXPANDED LAST MONTH.
THE GOVERNMENT IN WASHINGTON HAS BEEN BORROWING MONEY AT A SCARY RATE, DESPITE CONSTANT PROMISES THAT THE DEFICIT WILL BE CUT IN HALF WITHIN A FEW YEARS. THEIR BORROWING IS DELETED FROM A DIFFERENT MEASURE, THE ONE CALLED NET PRIVATE SAVINGS. THERE YOU WILL FIND TENS OF BILLIONS OF DOLLARS. AS I SAID, THE SAVERS IN OUR SOCIETY HAVE ALWAYS FINANCED THE BORROWERS. BUT WHEN THE GOVERNMENT RUNS BIG DEFICITS THAT TIPS THE BALANCE. IT PROBABLY ALSO ACCOUNTS FOR SOME PART OF THE PRESSURE HOLDING UP LONG-TERM INTEREST RATES, INCLUDING MORTGAGES… ALTHOUGH TO BE FAIR MORTGAGE RATES ARE STILL IN THE LOWER END OF A RANGE GOING BACK YEARS.
THE BIGGEST PROBLEM TODAY, OTHER THAN THE FACT THAT POLITICIANS RUNNING FOR OFFICE ARE SCARING THE DICKENS OUT OF PEOPLE WITH FALSE WARNINGS THAT WE ARE HEADING INTO A NEW GREAT DEPRESSION, IS THAT BANKS ARE HOARDING EVERY PENNY THEY CAN – JUST IN CASE THEY MIGHT NEED THE MONEY LATER ON. WE HAVE ALREADY SEEN HOW BANKS ARE PULLING OUT OF THE FEDERALLY-INSURED STUDENT LOAN PROGRAM. THIS CAUSED A PANIC ATTACK IN CONGRESS AND THERE WAS PRESSURE ON THE FED ITSELF TO DO SOMETHING ABOUT IT.
AS WE HAVE BEEN TELLING YOU FOR MONTHS, THE LEGISLATION THAT CREATED THE FED IN 1913 GAVE THE FED AWESOME POWERS AS A LENDER OF LAST RESORT. THEY HAVE THE POWER TO LEND MONEY DIRECTLY WHENEVER THEY DECREE AN EMERGENCY SITUATION TO BE IN FORCE. THIS CERTAINLY WOULD SUFFICE AS AN EMERGENCY. BUT CHAIRMAN BEN BERNANKE WOULD LIKE TO AVOID DECLARING ONE, IF THAT IS POSSIBLE. IT MIGHT TEND TO SCARE PEOPLE AND UNDO EVERYTHING HE HAS BEEN WORKING TO ACHIEVE.
SO I WILL TELL YOU WHAT, IN MY OPINION, THE GOOD CHAIRMAN IS LIKELY TO DO NOW. HE IS MOST APT TO QUIETLY SEND THE WORD TO INDIVIDUAL BANK CEO'S, HINTING THAT HE WOULD PERSONALLY BE PLEASED IF HE GOT WORD THAT THEY HAD LOOSENED UP AND HAD STARTED LENDING MONEY TO THOSE WHO CAN PASS NORMAL CREDIT MUSTER. WHY WOULD THEY RSP0ND TO SUCH A GENTLE REQUEST? I'LL TELL YOU WHY. THEY KNOW THAT HIS QUIET MANNER IN PUBLIC COVERS UP A PERSONA CAPABLE OF ICE-COLD ACTION. HE ONCE TOLD A REPORTER THAT AFTER SERVING AS CHAIRMAN OF AN IVY LEAGUE ECONOMICS DEPARTMENT, THE IDEA OF RUNNING THE FED SEEMED ALMOST LIKE CHILD'S PLAY.
THE FED DID NOT PASS MONEY OUT TO BANKS LIKE LOLLIPOPS. THE CASH WAS FORWARDED UNDER STRICTLY TEMPORARY CONDITIONS THAT CAN BE RENEWED AT THE FED'S DISCRETION. THERE IS COLLATERAL INVOLVED. BUT SOME OF IT MAY BE, SHALL WE SAY, OF QUESTIONABLE QUALITY.
BANKS HAVE BY NOW HEARD THAT BERNANKE FANCIES HIMSELF AS A MODERN DAY VERSION OF THE FIRST MAN TO HEAD THE FED IN 1913. THAT MAN, ACTING AS THE TOP AIDE TO J. PIERPONT MORGAN, HAD PERSONALLY ENGINEERED THE TOTAL DESTRUCTION OF THE ONCE-HUGE AND FAMOUS KNICKERBOCKER TRUST DURING THE 1907 PANIC. ONCE HE DID THAT, THE OTHER BANKS JUMPED TO OBEY ANY SUGGESTIONS HE AND J. P. MORGAN MIGHT HAVE FOR THEM.
I DARE SAY NO BANK WISHES TO BE THE ONE BERNANKE USES AS AN EXAMPLE OF HOW RUTHLESS HE CAN BE BEHIND CLOSED DOORS. IF HE WITHDRAWS THE FED MONEY LOANED TO ONE OF THESE BANKS, HANDS BACK THEIR COLLATERAL AND TELLS THE PRESS WHAT HE HAS DONE, THEY MIGHT EXPERIENCE A DISASTROUS RUN BY DEPOSITORS – ENDING THEIR DAYS. SO MORTGAGE MONEY WILL BEGIN FLOWING AND HOMES WILL START SELLING AGAIN. OUR LATEST REAL ESTATE LETTER SAYS WE THINK THE FIRST MONEY WILL FLOW OUT TO REALTORS TO BUY EXISTING HOMES. THE NEXT STEP WILL BE TO FINANCE THOSE WHO WANT TO BUY FORECLOSED HOMES, CLEARING THEM OFF THE MARKET. AND THIRD WILL COME MONEY FOR THE PURCHASE OF NEW HOMES.
NOW I REALIZE THIS GOES COUNTER TO THE CONSENSUS THINKING ON WALL STREET AND ELSEWHERE. I AM SORRY FOR THEM. THEY – FOR THE MOST PART - DO NOT HAVE A CLUE WHAT THEY ARE TALKING ABOUT. MOST OF THEM WERE SUPER BULLISH ABOUT HOUSING AT THE VERY PEAK OF GREENSPAN'S HOUSING BOOM IN 2005. WE WERE BEARISH, AS YOU KNOW – PREDICTING A "TIME-OUT" IN HOUSING, WITH HOME PRICE DECLINES. WELL, THE TIME-OUT HAS DONE ITS JOB AND NOW I BELIEVE YOU WILL SEE THE FIRST SIGNS OF A RETURN TO NORMALCY.
WE ARE IN A SITUATION THAT REMINDS ME OF THE BOTTOM OF THE LAST HOUSING RECESSION. WALL STREET WAS NOT ALONE IN 2002 IN EXPECTING HOUSING TO SLIDE FURTHER IN SALES AND PRICES, EVEN AFTER THE RECESSION LOWS WERE HIT. THE SHOCK OF SEPTEMBER 11, 2001 WAS STILL VERY MUCH WITH US AND THUS MADE MANY PEOPLE FRIGHTENED OF WHAT COULD BE COMING IN THE ECONOMY.
BUT THEN A STRANGE THING BEGAN HAPPENING. PEOPLE BEGAN FLOCKING ONCE AGAIN TO OPEN HOUSES AND PUTTING MONEY DOWN ON HOMES THEY CHOSE. THE VIEW REPORTED IN THE PRESS WAS THAT THIS COULD NOT LAST, AND THAT IT WOULD GIVE WAY TO A SERIOUS COLLAPSE BUT THAT DID NOT HAPPEN. SLOWLY BUT SURELY THE DEMAND FOR HOUSING EXPANDED. AND THAT EXPANSION – SLOW BUT SURE – WOULD LAST FOR YEARS. UNFORTUNATELY, NEW SPECULATIVE ELEMENTS CAME INTO THE MARKET IN 2003 AND CAUSED A RAPID ESCALATION OF SALES, MANY OF WHICH PROVED TO BE UNWISE AND UNREAL. TODAY WE ARE HALFWAY THROUGH DIGESTING THE EXTRA HOMES BUILT IN THAT SPECULATIVE PERIOD. AND NEW DEMAND COULD FINISH THE JOB. MORE NEXT WEEK. ADRIAN VAN ECK.
As you all can tell, I stay up on whats going down in the market place. If you want a true pro to help you buy or sell your home, why don't you give me a call.
The only realtor you will ever want!
All "Betts" on Brian!
435-513-0973 C
801-858-3080 O
I have been really busy. I just picked up two more bars to go for the package deal for the Big. All tree bars are now listed and we will let all three go for $1.5 mill. For these bars bringing in aver $20k a month we are letting them go for a song. If you have anyone that is interested in this, please let me know!
So far I have closed $962,500.00 in Transaction and have $1,820,000.00 in inventory and that's not all. I will be picking up a $450,000.00 Loft condo downtown on the 1st of June. This property is a green built and ready to move into.
I also picked up a 3/1 cabin on 20 akers that we are letting go of for $280,000.00. We have had a lot of interest on this property, but we can't get into it yet. Me and the owner are going up to fish this weekend and we should be able to get into it. We went up weekend before last and there was still 2 ft. of snow on the ground.
Let me know if there is anything I can do for you, your family or your friends! I have attached a few articles and of course the Quotes!
Enjoy! More later!
"Don't worry when you are not recognized, but strive to be worthy of
recognition."
-- Abraham Lincoln, 16th U.S. president
"A successful individual typically sets his next goal somewhat but not
too much above his last achievement."
-- Kurt Lewin, Psychologist
"I have found no greater satisfaction than achieving success through
honest dealing and strict adherence to the view that, for you to gain,
those you deal with should gain as well."
-- Alan Greenspan, Former Chairman of the U.S. Federal Reserve
"If you go to work on your goals, your goals will go to work on you. If
you go to work on your plan, your plan will go to work on you. Whatever
good things we build, end up building us."
-- Jim Rohn, Motivational Speaker
"In matters of principle, stand like a rock; in matters of taste, swim
with the current. "
-- Thomas Jefferson, third president
"Ideas must work though the brains and the arms of good and brave men,
or they are no better than dreams. "
-- Ralph Waldo Emerson, poet
"Man must search for what is right and let happiness come on its own. "
-- Johann Pestalozzi, educator
"I learned that courage was not the absence of fear, but the triumph
over it. The brave man is not he who does not feel afraid, but he who
conquers that fear."
-- Nelson Mandela, Civil Rights Leader
"If you are interested, you never have to look for new interests. They
come to you. When you are genuinely interested in one thing, it will
always lead to something else. "
-- Eleanor Roosevelt, first lady
"Far better is it to dare mighty things, to win glorious triumphs, even
though checkered by failure than to rank with those poor spirits who
neither enjoy much nor suffer much, because they live in a gray twilight
that knows not victory nor defeat. "
-- Theodore Roosevelt, 26th U.S. President
"I learned that we can do anything, but we can't do everything.. at
least not at the same time. So think of your priorities not in terms of
what activities you do, but when you do them. Timing is everything."
-- Dan Millman, Author
This is from Forbes.com
Nationally, home prices are falling, unemployment is on the rise and the economy is expected to grow slowly--or even contract--in the first half of the year.
But some cities are doing just fine.
Take Oklahoma City, Okla. With falling unemployment, one of the country's strongest housing markets, and solid growth in agriculture, energy and manufacturing, it looks best positioned among the nation's largest metropolitan areas to ride out the current crisis.
Affordable home prices that continue to rise. Its industries are growing; it can't hurt that the new AT&T (nyse: T - news - people ) was formed when San Antonio-based SBC Communications swallowed the old AT&T Corp. and BellSouth.
The others holding steady or improving include Austin, Texas; Houston; Charlotte, N.C.; Dallas; San Jose, Calif.; Raleigh, N.C.; Salt Lake City; and Seattle.
Behind The Numbers
To find them, Forbes.com examined the country's 50 largest metros and looked at several key measures.
We examined unemployment data supplied by the U.S. Bureau of Labor Statistics for the year ending in February 2008 to see which areas are most adding or subtracting jobs. Next, we looked at the BLS data on job growth in non-farm payrolls, through February 2008, for construction, education and health services, financial activities, information, leisure and hospitality, manufacturing, natural resources and mining, professional and business services, trade, transportation and utilities, and the BLS's catch-all category, "other services."
We also took into account median home price data from the National Association of Realtors--from the fourth quarter of 2006 to the fourth quarter of 2007--to see which areas posted the largest annual gains. Our data don't account for the impact of declining sales in the first several months of this year.
Finally, our rankings were adjusted using data from a November 2007 report, "U.S. Metro Economies: The Mortgage Crisis," by the U.S. Conference of Mayors. It lists each city's estimated gross metropolitan product growth by projecting how rising foreclosures and falling home prices would affect overall levels of productivity in local economies.
Sunny Southern Skies
Texas cities fared best under these measures. San Antonio, Austin, Houston and Dallas-Fort Worth have benefited from historically lower home prices, which have been affordable to a large segment of the population. The availability of land--and, in some cases, little zoning--helped keep prices in these cities low. Instead of competing for homes, Texans could move to a new subdivision a little farther out.
What's more, all four boast falling unemployment rates, with Austin dropping from 3.8% to 3.6% and San Antonio from 4.3% to 4%
Cities that are expected to see growth in non-farm payrolls include Raleigh, which is expected to see 7.4% growth in professional and business services and 6% growth in education and health. In Salt Lake City, where the median home price rose 2.5% and unemployment, at 3.1%, is below the 5.1% national average, growth in education and health services is expected to be 5.5%.
How are you planning on weathering the impending recession? Weigh in. Add your thoughts in the Reader Comments section below.
Some cities have seen increasing home prices but otherwise continue to struggle. Buffalo and Rochester, N.Y., have seen home price growth (from a low base) but still contend with high unemployment--around 6%--and slow-growing or shrinking industries.
And in the San Jose area, the median home sale price is over $830,000. That's 11% higher than it was in the fourth quarter of 2006, helping to land the area at No. 4 on our list. Problem is, that growth has since cooled, and it remains to be seen whether pricey homes coupled with a 5.3% unemployment rate will cause trouble for homeowners this year.
To be sure, even in the most resilient cities, the mortgage crisis has caused suffering. People everywhere got into bad mortgages. Similarly, even in the most battered cities, the majority of people are employed and making their mortgage payments. The extent of recession or resilience is very much in the eye of the beholder, and this list represents only one of many ways to take a snapshot of economies that are standing tall.
In his statements to Congress' Joint Economic Committee earlier this month, Federal Reserve Chairman Ben Bernanke predicted the economy would possibly move into recession in the first half of 2008 but begin to rebound in the second half.
6. Salt Lake City, Utah
Median home price: +2.5%
Unemployment: 3.1% (from 2.6%)
Key growth: Education and health services, +5.5%
Though Salt Lake City's unemployment rate is rising, it's still among the lowest of the country's 50 largest cities. The state is still creating jobs, just not as quickly as its labor force is growing. A November 2007 report from the U.S. Conference of Mayors projected that Salt Lake City would be one of the few large cities in the country not to suffer a decline in gross metropolitan product from the mortgage crisis.
This is from The Wall Street Journal
The Housing Crisis Is Over
By CYRIL MOULLE-BERTEAUX
May 6, 2008; Page A23
The dire headlines coming fast and furious in the financial and popular press suggest that the housing crisis is intensifying. Yet it is very likely that April 2008 will mark the bottom of the U.S. housing market. Yes, the housing market is bottoming right now. How can this be? For starters, a bottom does not mean that prices are about to return to the heady days of 2005. That probably won't happen for another 15 years. It just means that the trend is no longer getting worse, which is the critical factor.
Most people forget that the current housing bust is nearly three years old. Home sales peaked in July 2005. New home sales are down a staggering 63% from peak levels of 1.4 million. Housing starts have fallen more than 50% and, adjusted for population growth, are back to the trough levels of 1982. Furthermore, residential construction is close to 15-year lows at 3.8% of GDP; by the fourth quarter of this year, it will probably hit the lowest level ever. So what's going to stop the housing decline? Very simply, the same thing that caused the bust: affordability. The boom made housing unaffordable for many American families, especially first-time home buyers. During the 1990s and early 2000s, it took 19% of average monthly income to service a conforming mortgage on the average home purchased. By 2005 and 2006, it was absorbing 25% of monthly income. For first time buyers, it went from 29% of income to 37%. That just proved to be too much. Prices got so high that people who intended to actually live in the houses they purchased (as opposed to speculators) stopped buying. This caused the bubble to burst.
Since then, house prices have fallen 10%-15%, while incomes have kept growing (albeit more slowly recently) and mortgage rates have come down 70 basis points from their highs. As a result, it now takes 19% of monthly income for the average home buyer, and 31% of monthly income for the first-time home buyer, to purchase a house. In other words, homes on average are back to being as affordable as during the best of times in the 1990s. Numerous households that had been priced out of the market can now afford to get in.
The next question is: Even if home sales pick up, how can home prices stop falling with so many houses vacant and unsold? The flip but true answer: because they always do. In the past five major housing market corrections (and there were some big ones, such as in the early 1980s when home sales also fell by 50%-60% and prices fell 12%-15% in real terms), every time home sales bottomed, the pace of house-price declines halved within one or two months. The explanation is that by the time home sales stop declining, inventories of unsold homes have usually already started falling in absolute terms and begin to peak out in "months of supply" terms. That's the case right now: New home inventories peaked at 598,000 homes in July 2006, and stand at 482,000 homes as of the end of March. This inventory is equivalent to 11 months of supply, a 25-year high – but it is similar to 1974, 1982 and 1991 levels, which saw a subsequent slowing in home-price declines within the next six months.
Inventories are declining because construction activity has been falling for such a long time that home completions are now just about undershooting new home sales. In a few months, completions of new homes for sale could be undershooting new home sales by 50,000-100,000 annually. Inventories will drop even faster to 400,000 – or seven months of supply – by the end of 2008. This shift in inventories will have a significant impact on prices, although house prices won't stop falling entirely until inventories reach five months of supply sometime in 2009. A five-month supply has historically signaled tightness in the housing market.
Many pundits claim that house prices need to fall another 30% to bring them back in line with where they've been historically. This is usually based on an analysis of house prices adjusted for inflation: Real house prices are 30% above their 40-year, inflation-adjusted average, so they must fall 30%. This simplistic analysis is appealing on the surface, but is flawed for a variety of reasons. Most importantly, it neglects the fact that a great majority of Americans buy their houses with mortgages. And if one buys a house with a mortgage, the most important factor in deciding what to pay for the house is how much of one's income is required to be able to make the mortgage payments on the house. Today the rate on a 30-year, fixed-rate mortgage is 5.7%. Back in 1981, the rate hit 18.5%.
Comparing today's house prices to the 1970s or 1980s, when mortgage rates were stratospheric, is misguided and misleading. This is all good news for the broader economy. The housing bust has been subtracting a full percentage point from GDP for almost two years now, which is very large for a sector that represents less than 5% of economic activity.
When the rate of house-price declines halves, there will be a wholesale shift in markets' perceptions. All of a sudden, the expected value of the collateral (i.e. houses) for much of the lending that went on for the past decade will change. Right now, when valuing the collateral, market participants including banks are extrapolating the current pace of house price declines for another two to three years; this has a significant impact on the amount of delinquencies, foreclosures and credit losses that lenders are expected to face.
More home sales and smaller price declines means fewer homeowners will be underwater on their mortgages. They will thus have less incentive to walk away and opt for foreclosure. A milder house-price decline scenario could lead to increases in the market value of a lot of the securitized mortgages that have been responsible for $300 billion of write-downs in the past year. Even if write-backs do not occur, stabilizing collateral values will have a huge impact on the markets' perception of risk related to housing, the financial system, and the economy.
We are of course experiencing a serious housing bust, with serious economic consequences that are still unfolding. The odds are that the reverberations will lead to subtrend growth for a couple of years. Nonetheless, housing led us into this credit crisis and this recession. It is likely to lead us out. And that process is underway, right now.
Mr. Moulle-Berteaux is managing partner of Traxis Partners LP, a hedge fund firm based in New York.
This is from Van Eck>;<B< span>r>
Adrian Van Eck's Mortgage and Property Hotline
For: Thursday, May 1, 2008
NOW THAT BANKS HAVE BEEN STABILIZED WITH AN INJECTION OF FUNDS FROM THE FEDERAL RESERVE, ATTENTION IS BEING TURNED TO THOSE WHO WISH TO BUY A HOME OF THEIR OWN. PERSONAL SAVINGS IN AMERICA ARE MUCH LARGER THAN MOST PEOPLE REALIZE, SO THERE IS AMPLE CASH WAITING ON THE SIDELINES TO COVER FHA-INSURED MORTGAGE DOWN PAYMENTS AND CLOSING COSTS. THE REASON NO ONE KNOWS OF THESE LARGE SAVINGS ACCOUNT BALANCES IS THAT THE FEDERAL GOVERNMENT ISSUES EACH MONTH A REPORT ON AMERICA'S NET SAVINGS RATE. THEY DID SO JUST TODAY, FOR EXAMPLE. THEY SAID THAT NET SAVINGS LAST MONTH DROPPED FROM 0.4% (FEBRUARY RATE) TO 0.2%. WHAT THEY DO NOT TELL YOU IS THAT THE REASON FOR THE DECLINE IS THAT THE FEDERAL DEFICIT EXPANDED LAST MONTH.
THE GOVERNMENT IN WASHINGTON HAS BEEN BORROWING MONEY AT A SCARY RATE, DESPITE CONSTANT PROMISES THAT THE DEFICIT WILL BE CUT IN HALF WITHIN A FEW YEARS. THEIR BORROWING IS DELETED FROM A DIFFERENT MEASURE, THE ONE CALLED NET PRIVATE SAVINGS. THERE YOU WILL FIND TENS OF BILLIONS OF DOLLARS. AS I SAID, THE SAVERS IN OUR SOCIETY HAVE ALWAYS FINANCED THE BORROWERS. BUT WHEN THE GOVERNMENT RUNS BIG DEFICITS THAT TIPS THE BALANCE. IT PROBABLY ALSO ACCOUNTS FOR SOME PART OF THE PRESSURE HOLDING UP LONG-TERM INTEREST RATES, INCLUDING MORTGAGES… ALTHOUGH TO BE FAIR MORTGAGE RATES ARE STILL IN THE LOWER END OF A RANGE GOING BACK YEARS.
THE BIGGEST PROBLEM TODAY, OTHER THAN THE FACT THAT POLITICIANS RUNNING FOR OFFICE ARE SCARING THE DICKENS OUT OF PEOPLE WITH FALSE WARNINGS THAT WE ARE HEADING INTO A NEW GREAT DEPRESSION, IS THAT BANKS ARE HOARDING EVERY PENNY THEY CAN – JUST IN CASE THEY MIGHT NEED THE MONEY LATER ON. WE HAVE ALREADY SEEN HOW BANKS ARE PULLING OUT OF THE FEDERALLY-INSURED STUDENT LOAN PROGRAM. THIS CAUSED A PANIC ATTACK IN CONGRESS AND THERE WAS PRESSURE ON THE FED ITSELF TO DO SOMETHING ABOUT IT.
AS WE HAVE BEEN TELLING YOU FOR MONTHS, THE LEGISLATION THAT CREATED THE FED IN 1913 GAVE THE FED AWESOME POWERS AS A LENDER OF LAST RESORT. THEY HAVE THE POWER TO LEND MONEY DIRECTLY WHENEVER THEY DECREE AN EMERGENCY SITUATION TO BE IN FORCE. THIS CERTAINLY WOULD SUFFICE AS AN EMERGENCY. BUT CHAIRMAN BEN BERNANKE WOULD LIKE TO AVOID DECLARING ONE, IF THAT IS POSSIBLE. IT MIGHT TEND TO SCARE PEOPLE AND UNDO EVERYTHING HE HAS BEEN WORKING TO ACHIEVE.
SO I WILL TELL YOU WHAT, IN MY OPINION, THE GOOD CHAIRMAN IS LIKELY TO DO NOW. HE IS MOST APT TO QUIETLY SEND THE WORD TO INDIVIDUAL BANK CEO'S, HINTING THAT HE WOULD PERSONALLY BE PLEASED IF HE GOT WORD THAT THEY HAD LOOSENED UP AND HAD STARTED LENDING MONEY TO THOSE WHO CAN PASS NORMAL CREDIT MUSTER. WHY WOULD THEY RSP0ND TO SUCH A GENTLE REQUEST? I'LL TELL YOU WHY. THEY KNOW THAT HIS QUIET MANNER IN PUBLIC COVERS UP A PERSONA CAPABLE OF ICE-COLD ACTION. HE ONCE TOLD A REPORTER THAT AFTER SERVING AS CHAIRMAN OF AN IVY LEAGUE ECONOMICS DEPARTMENT, THE IDEA OF RUNNING THE FED SEEMED ALMOST LIKE CHILD'S PLAY.
THE FED DID NOT PASS MONEY OUT TO BANKS LIKE LOLLIPOPS. THE CASH WAS FORWARDED UNDER STRICTLY TEMPORARY CONDITIONS THAT CAN BE RENEWED AT THE FED'S DISCRETION. THERE IS COLLATERAL INVOLVED. BUT SOME OF IT MAY BE, SHALL WE SAY, OF QUESTIONABLE QUALITY.
BANKS HAVE BY NOW HEARD THAT BERNANKE FANCIES HIMSELF AS A MODERN DAY VERSION OF THE FIRST MAN TO HEAD THE FED IN 1913. THAT MAN, ACTING AS THE TOP AIDE TO J. PIERPONT MORGAN, HAD PERSONALLY ENGINEERED THE TOTAL DESTRUCTION OF THE ONCE-HUGE AND FAMOUS KNICKERBOCKER TRUST DURING THE 1907 PANIC. ONCE HE DID THAT, THE OTHER BANKS JUMPED TO OBEY ANY SUGGESTIONS HE AND J. P. MORGAN MIGHT HAVE FOR THEM.
I DARE SAY NO BANK WISHES TO BE THE ONE BERNANKE USES AS AN EXAMPLE OF HOW RUTHLESS HE CAN BE BEHIND CLOSED DOORS. IF HE WITHDRAWS THE FED MONEY LOANED TO ONE OF THESE BANKS, HANDS BACK THEIR COLLATERAL AND TELLS THE PRESS WHAT HE HAS DONE, THEY MIGHT EXPERIENCE A DISASTROUS RUN BY DEPOSITORS – ENDING THEIR DAYS. SO MORTGAGE MONEY WILL BEGIN FLOWING AND HOMES WILL START SELLING AGAIN. OUR LATEST REAL ESTATE LETTER SAYS WE THINK THE FIRST MONEY WILL FLOW OUT TO REALTORS TO BUY EXISTING HOMES. THE NEXT STEP WILL BE TO FINANCE THOSE WHO WANT TO BUY FORECLOSED HOMES, CLEARING THEM OFF THE MARKET. AND THIRD WILL COME MONEY FOR THE PURCHASE OF NEW HOMES.
NOW I REALIZE THIS GOES COUNTER TO THE CONSENSUS THINKING ON WALL STREET AND ELSEWHERE. I AM SORRY FOR THEM. THEY – FOR THE MOST PART - DO NOT HAVE A CLUE WHAT THEY ARE TALKING ABOUT. MOST OF THEM WERE SUPER BULLISH ABOUT HOUSING AT THE VERY PEAK OF GREENSPAN'S HOUSING BOOM IN 2005. WE WERE BEARISH, AS YOU KNOW – PREDICTING A "TIME-OUT" IN HOUSING, WITH HOME PRICE DECLINES. WELL, THE TIME-OUT HAS DONE ITS JOB AND NOW I BELIEVE YOU WILL SEE THE FIRST SIGNS OF A RETURN TO NORMALCY.
WE ARE IN A SITUATION THAT REMINDS ME OF THE BOTTOM OF THE LAST HOUSING RECESSION. WALL STREET WAS NOT ALONE IN 2002 IN EXPECTING HOUSING TO SLIDE FURTHER IN SALES AND PRICES, EVEN AFTER THE RECESSION LOWS WERE HIT. THE SHOCK OF SEPTEMBER 11, 2001 WAS STILL VERY MUCH WITH US AND THUS MADE MANY PEOPLE FRIGHTENED OF WHAT COULD BE COMING IN THE ECONOMY.
BUT THEN A STRANGE THING BEGAN HAPPENING. PEOPLE BEGAN FLOCKING ONCE AGAIN TO OPEN HOUSES AND PUTTING MONEY DOWN ON HOMES THEY CHOSE. THE VIEW REPORTED IN THE PRESS WAS THAT THIS COULD NOT LAST, AND THAT IT WOULD GIVE WAY TO A SERIOUS COLLAPSE BUT THAT DID NOT HAPPEN. SLOWLY BUT SURELY THE DEMAND FOR HOUSING EXPANDED. AND THAT EXPANSION – SLOW BUT SURE – WOULD LAST FOR YEARS. UNFORTUNATELY, NEW SPECULATIVE ELEMENTS CAME INTO THE MARKET IN 2003 AND CAUSED A RAPID ESCALATION OF SALES, MANY OF WHICH PROVED TO BE UNWISE AND UNREAL. TODAY WE ARE HALFWAY THROUGH DIGESTING THE EXTRA HOMES BUILT IN THAT SPECULATIVE PERIOD. AND NEW DEMAND COULD FINISH THE JOB. MORE NEXT WEEK. ADRIAN VAN ECK.
As you all can tell, I stay up on whats going down in the market place. If you want a true pro to help you buy or sell your home, why don't you give me a call.
The only realtor you will ever want!
All "Betts" on Brian!
435-513-0973 C
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