• Aug. 23, 2006 - Home Sales Plummet 35% in July
So what or who is to blame? Gas prices? interest rates? The war on terror? The war in Iraq? The "bubble" that all the "experts" keep talking about?
NAR has reported that July 2006 single family home sales fell 11.2% compared to July 2005. I'm sure the agents in our local MLS wish that was all that home sales had fallen.
With just over 100 Realtor® nembers, it's not a large MLS, but here's a look at what's happening in our part if the world.
July 2006 Sales vs 2005 Sales
| Residential Sales |
Down 35% |
| Sales Volume |
Down 37.18% |
| Average Sales Price |
Down 17.9% |
| Median Sale Price |
Down 33.7% |
This MLS serves an mostly rural area with a population if probabky 40,000 oeople, Their haven't been any significant employment related issues that would account for the change,In talking to the top agents in the MLS, some of whom have been in the business for 25-30 years, none if them can explain the huge drop in sales.
This should be interesting to see how it shakes out.. |
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• Aug. 18, 2006 - That Can't Be Good
Forbes magazine, who for the last 8 years has ranked the best metro areas for business has expanded their study. They've now published The Best States for Business. To compile the listing of the best states for business, they ranked all 50 states on 30 metrics in six main categories: business costs, economic climate, growth prospects, labor, quality of life and regulatory environment.
If you live in Virginia, you can proudly shout; "WE'RE NUMBER 1!"
For those of us in Michigan...I'll just let the numbers speak for themselves.
- Business Costs : 41st of 50
- Labor 45th of 50
- Regulatory Environment 2nd of 50
- Economic Climate: 49th of 50
- Growth Prospects: 49th of 50
- Quality of Life 37th of 50
Overall Rank: 45th of 50
Business Costs - Index based on cost of labor, energy and taxes. Labor -Measures educational attainment, net migration and projected population growth. Regulatory Environment - Measures regulatory and tort climate, incentives, transportation and bond ratings. Economic Climate - Reflects job, income, and gross state product growth as well as unemployment and presence of big companies. Growth Prospects - Reflects projected job, income and gross state product growth as well as business openings/closings and venture capital investments.Quality Of Life - Index of schools, health, crime, cost of living, and poverty rates.
Sources: Moody's Economy.com; Pollina Corporate Real Estate; Pacific Research Institute; CFED; Moody's.
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• Aug. 17, 2006 - Spyware Infection Rate On The Rise
Webroot, a leading vendor of anti-spyware software, reports that adware and spyware infection rates are rising rapidly. CEO David Moll says, "We're finding that the social-networking sites like MySpace are turning out to be hotbeds for spyware."
Molls says, 89% of consumer PCs are infected with some kind of spyware. Home computers contain, on average, 30 individual spyware programs.
On the other hand, PCs used in businesses had 19 pieces of spyware on average, versus 21 a year ago. |
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