| “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
Happiness is essentially a state of going somewhere, wholeheartedly, one-directionally, without regret or reservation.
-- William H. Sheldon
Duane’s Joke of the Day
Two women were walking through the woods when a frog called out to them and said: “Help me, ladies! I am a real estate broker who, through a curse, has been transformed into a frog. If one of you will kiss me, I’ll be returned to my former state!”
One woman took out her purse, grabbed the frog, and stuffed it inside her handbag. The other woman said, “Didn’t you hear him? If you kiss him, he’ll turn into a real estate broker!”
The second woman replied, “Sure, but these days a talking frog is worth more than a real estate broker!”
Duane’s Social Commentary
10n Things that Americans Cannot Live Without!
This is taken from a recent article for US News. As we redefine what's really important, here are 10 new American essentials:
Portable computers.
High-speed Internet access.
Smart phones.
Education.
Movies.
TV.
Music downloads.
Pets. Wow do we see a pattern here? Where is the human interaction? It is all technology and Fido!
Booze. Any wonder?
Coffee. This is one that I totally agree on!
Duane’s Real Estate News
This is based on the article in the OC Register “Prices are firming up only at the low end.” By Jeff Collins and Jonathon Lanser.
The recovering housing market got a boost in April from a reawakening high-end segment, figures from market tracker MDA DataQuick show.
Price cuts are getting buyers to buy pricier homes, pushing the median price up.
The result, DataQuick reported Tuesday, was a 13.2 percent gain in the median price of an Orange County home – or the price at the midpoint of all sales.
Last month’s median was $430,000, which was $50,000 higher than in April 2009.
Sales likewise showed signs of improvement, climbing to 2,669 deals in April. That’s up 11.6 percent from April 2009 and was the largest number of homes sold in three years.
The year-over-year gains were fairly widespread throughout the county. Breaking down market trends by ZIP code, the numbers show:
Sixty-two of Orange County’s 83 ZIP codes had gains in median selling price.
Forty-eight local ZIP codes had year-over-year sales gains.
Thirty-four local ZIP codes had both sales gains and price gains.
DataQuick figures show that homes priced at $700,000 and above accounted for 20 percent of all sales, the highest proportion in nearly two years. Sales in that price bracket fell to 12 percent of all sales in January 2009.
Meanwhile, the number of homes going into default continued to decline, Data-Quick figures show.
DataQuick reported that 1,625 homeowners received notices of default, issued after at least three months of missed payments. That’s down 45 percent from a year ago and down 16 percent from March. Agents say it remains to be seen how the expiration of federal tax credits will affect the market. Buyers have until the end of May to close deals to qualify for federal tax credits.
The state tax credit, which began May 1, has yet to have an impact, they said.
This is Duane signing off. Happy Trails to you! As always, 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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