Ability Realty

We are still going in a positive direction. Total units sold was better than 50 closings than in April. I am not sure we will close over 1000 in June as the Listings under contract went down. I have two closings this month so I am putting in my share. All the statistics looked good with the proper things going up and down. The average Sales Price went down but I don’t put a lot of weight on that. As long as the Median hovers around $200,000 we should be fine.

There has been a lot of news in the paper this past week. The numbers that they are using I know are not always true. I remember back around last July or so I found lots of double reporting by RealtyTrac. I also read that their statistics include double reporting when the house has a second loan which many did from early 2004 through 2007. The numbers can really look bad if you are not comparing apples to apples. We have 8808 residential units on the market right now and a number I heard was in the 4000’s that were foreclosures. I am not seeing that. There are a lot of them out there but not that large number.

If Congress and the President ever get the FHA program going for the coming foreclosures/short sales it will really help slow down the number of foreclosures and keep the owner in the house. I think it is a great bill and will help everyone including those that are trying to sell and did not have any of the tough loans. Everyone is paying and paying for this housing crunch. If you are against the bill I hope you have read the information I posted last month. The Senate is changing some of that bill and it will get even stronger. I see it as a pay as you go for the program and some real financial gains for the program.

Are you enjoying the high gas prices? Are you still flying down the freeway at 75 to 80mph? I have dropped back to 62mph on my trip to work. I have about 9 miles of freeway in my 18 mile trip. I do not scream away from the red light and I watch ahead to see what the light is doing. I slow down long before I reach the lineup of cars. I can not believe the number of people that race from signal to signal in their big SUV. Slow down and save a gallon here and there.

If I can help you call me at 240-7130.