The Real Estate Market Update
Week of February 13, 2012
The Real Estate Market Update is presented courtesy of Lisa Nicholas, Michelle Connor, and Sherry Sawyer, Mortgage Consultants, Prime Lending, Milford, CT, our Number 1 choices when it comes to recommending mortgage professionals you can count on. If you are thinking about buying a home in Trumbull, Shelton, Stratford, Monroe or Bridgeport, these three ladies are the professionals you will want to contact for expert mortgage advice, great rates and outstanding service.
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For the week of February 13, 2012 – Vol, 10, Issue 7
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>> Market Update
QUOTE OF THE WEEK..."People can alter their lives by altering their attitudes." -- William James
INFO THAT HITS US WHERE WE LIVE... People's attitudes should surely be altered by new data from the National Association of Home Builders (NAHB). Their survey released on Thursday revealed four record highs hit by home building in 2011. The average size of new homes bumped up to a record 2,522 square feet, a record-high 42% of new homes had at least four bedrooms, 28% had at least three bathrooms and 30% included finished basements, all numbers up substantially over 2010.Countering this, there were a record low 429,000 single-family housing starts for the year.
But there's hope. The NAHB's chief economist forecast a 16% increase for new-home sales and single-family starts for 2012. He cited NAHB estimates of a pent-up demand for 2 million homes coming from households that are doubled-up or waiting to buy a home. Another NAHB sponsored survey revealed 78% of Americans likely to vote in the presidential election said owning a home was one of the most important things in their lives. They feel homeownership is about family and remains part of the American dream. Freddie Mac's chief economist chimed in, "The desire for homeownership long-term is still there."
BUSINESS TIP OF THE WEEK... What about your business makes you happy... and unhappy? The answers can help you discover how to motivate yourself and persuade others, since happiness is the universal motivator.
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If you have any questions or comments about any of the information presented above, please do not hesitate to call us a 203 913-1108 or email us at teammori@teammori.com. You can also leave comments directly on our Trumbull Area Real Estate blog. It will be our pleasure to be of service to you. Thank you.
Have a great day!
Bob and Judy
Bob and Judy Mori
TeamMoriRealEstate.com
RE/MAX Right Choice
105 Technology Drive, Suite 1A
Trumbull, CT 06611
Judy: W-203 268-1118, x 322, C-203 913-1109
Bob: W-203 385-0090, C-203 913-1108
Fax: 203 377-3471
on real estate activity in your neighborhood
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