Duane’s Video May 25
| “It’s a great day to be in real estate! Duane Beisner here… sales manager and a sales representative for ERA real estate. |
Duane’s Quote of the Day
The aim of an argument or discussion should not be victory, but progress. -- Joseph Joubert
Duane’s Joke of the Day
A broker was dismayed when a brand new real estate office much like his own opened up next door and erected a huge sign which read 'BEST AGENTS.'
He was horrified when another competitor opened up on his right, and announced its arrival with an even larger sign, reading 'LOWEST COMMISSIONS.'
The broker panicked, until he got an idea. He put the biggest sign of all over his own real estate office. It read: 'MAIN ENTRANCE'
Duane’s Business Tip of the Day
To be good at selling, you must be good at creating emotion as you logically explain the benefits of what you have to offer.
Think about it
Duane’s Social Commentary
Consumers with an income of $100,000 or more are among the most likely to use coupons, according to a new survey from digital coupon provider Coupons.com.
Six in 10 Wealthy Consumers Have Used Coupons
Six out of 10 adults (61%) with a household income of $100,000 or more have redeemed a coupon in the past six months. Additionally, about four in 10 adults (39%) in this income bracket have redeemed coupons printed from an online source in the past six months, making them nearly twice as likely to do so as adults with a household income less than $35,000 (21%).
Educated, Metro Consumers Use Coupons
Adults with college degrees are almost twice as likely to have used coupons in the past six months as those who didn’t graduate from high school. In addition, more than three in four adults (77%) who have used coupons in the past six months live in metro areas.
Male Couponing Behavior Increases
Men are increasingly using coupons, according to study results. About one in two adult males (51%) have used a coupon in the past six months. Not only are they using coupons, but more than one-third of men (36%) responded that they even have a designated place to keep their coupons Men are also just as likely as women to spread information about coupons: 18% of men have told a friend about a coupon they found online.
Coupon Popularity Not Directly Tied to Economy
Although usage of coupons by wealthy and male consumers has increased during the current economic recession, overall, consumers plan to continue using them even if the economy improves.
Duane’s Real Estate News for something special…
April Sales and Price Report
Quick Facts:
• Existing, single-family home sales decreased 8.1 percent in April to a seasonally adjusted rate of 483,830 units on an annualized basis compared with April 2009.
• The statewide median price of an existing single-family home increased 21 percent in April to $306,230, compared with April 2009.
• C.A.R.’s Unsold Inventory Index rose to 5.1 months in April, compared with five months in April 2009.
“It’s likely that the state tax credit that went into effect May 1 created an incentive for many buyers to postpone closing escrow so they could take advantage of both the state and federal tax credits that were available,” said C.A.R. President Steve Goddard. “We should see the pace of closed sales edge up in May and June as these tax-incentivized transactions close.
“Sales dipped below the 500,000-unit level for the first time in 19 months also because of supply issues – the demand for attractive foreclosed properties well exceeds the number of properties on the market,” he said. “At the same time, mortgage interest rates continue to hover near their historic lows, and many buyers are out in force to take advantage of the combination of low interest rates and affordably priced homes. It’s an ideal time for many families to purchase their first home even though they may face stiff competition.”
Sales in April 2010 decreased 6.4 percent compared with the previous month.
The statewide sales figure represents what the total number of homes sold during 2010 would be if sales maintained the April pace throughout the year. It is adjusted to account for seasonal factors that typically influence home sales.
The April 2010 median price increased 1.5 percent compared with March’s $301,790 median price.
“The strong demand for distressed properties continued unabated last month, and overall, inventory remains constrained in most segments of the market,” said C.A.R. Vice President and Chief Economist Leslie Appleton-Young. “Listings in April increased compared with a month earlier, typical for this time of year, as more sellers entered the market. At the $300,000 and below price point, the number of homes for sale is at a 3.3-month supply, well below the historical average of seven months.”
Highlights of C.A.R.’s resale housing figures for April 2010:
This is Duane signing off. Happy Trails to you! As always, I am proud to be an American. You can email me at duane.beisner@era.com Or visit my website at www.rejedi.com
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