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New Home Sales Jump 14.8% in April PDF Print E-mail

Sales of new homes posted another large gain in April as buyers rushed to sign contracts before government tax credits expired.

The Commerce Department says sales of new single-family homes jumped 14.8 percent to a seasonally adjusted annual rate of 504,000 units.  The April gain followed a 29.8 percent surge in March, the biggest monthly increase in 47 years.

 

Activity in both months was pushed higher by a stampede of buyers trying to sign sales contracts before tax credits expired on April 30.  The concern, however , is that sales will slump in coming months given all the problems still facing households.

 

In a separate report, the Commerce Department says demand for durable goods increased 2.9 percent in April 30 on a rebound in demand for commercial aircraft.  It's the best showing in three months and more than double what was expected.

 

The reports are helping stocks bounce back from yesterday's sell.

 

Posted from KBTX website, dated Thursday, May 26, 2010

 
8 NO-COST/LOW-COST WAYS TO TWEAK IT PDF Print E-mail

MOVE IT. Simply rearranging the furniture can reenergize a room. Add and remove furniture, lamps, rugs, and accessories from other parts of the house to create a whole new look. Mirrors are particulary useful when it comes to updating a room. Try one out in different rooms to see where it fits best. Even just moving a mirror to a different wall can create a more welcoming feel.

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Optimize the Open House PDF Print E-mail

This is just a few ways to optimize your open house...

  • Spiff up the house.  Must include cleaning, painting, banishing clutter and rearranging furniture.  You're cultivating an atmosphere that sells a fantasy.  Open the windows, turn on the recessed lighting, bring in flowers and rely on that proven tactic: bake cinnamon cookies in the oven.
  • Knock on doors.  The more the better, but even informing immediate neighbors will likely attract more visitors.  Good way to just say hi to your neighbors, otherwise this is good for your realtor to do as well.
  • Time it right.  Saturday or Sunday afternoons are usually best in our market.

These are just a few ideas, your realtor will guide you thru the process.