Posted Wed Feb 17 12:48PMVol. 14 February 2010
Copyright 2009-2010 Bamboo Consulting Inc.
What Happens to Articles Left in Vacated Rental Units?
There are specific laws for landlords to deal with abandoned personal property left in residential units. Simply seizing and then disposing of these personal possessions without following the law is just not an option.
First, you must give written notice to the former tenant or any person you reasonably believe to be the owner of the property.
The notice must describe the items, indicate that reasonable costs for storage may be charged before the property is returned, specify where the property may be claimed, and a date when the property can be claimed. The date must be a date not less than 15 days after the notice is delivered or if mailed 18 days after mailing. As to where to send the notice by mail, use the last known address, which is probably the vacant unit.
Most boards of realtors have forms available called “Notice of Right to Reclaim Abandoned Property”. These forms deal with value of property – one if the property is thought to be worth less than $300 (resale value) and one for property thought to be worth more than $300 (resale value).
If the former tenant contacts you within the waiting period, you can require that they pay reasonable storage costs before releasing the property. If you are not contacted within the waiting period and the property is worth less than $300, you can dispose of the property or keep it yourself. If the property is worth more than $300, you are required to hold a “public sale” of the property by competitive bidding. This process requires that public notice of the sale be published at least once a week for 2 consecutive weeks in a newspaper in the county where the sale is to be held. The last publication must be at least 5 days before the actual date of sale. The public notice must also list the date, time, and location of the sale as well as list the items that are to be sold. Anyone can bid on the items including the landlord or former tenant. After the sale, you are allowed to deduct from the proceeds the cost of storage, advertising, and the sale itself. Then, any balance must be sent to the county treasurer. Note that any unpaid rent cannot be deducted from the proceeds.
Storage, advertising, and the auction cost you both time and money, so try and get the tenant to come back and reclaim their property (even if you have to give them more time and negotiate the storage fees). In the end, it will probably be the best solution.
A Primer on Mutual Fund Fees
Like any other business, businesses that run mutual funds involve cost. Most of these costs are incurred at the initial investment or subtracted from the overall return.
First, let's look at one time fees:
Not all mutual funds have these, but if they do they can be front-end sales load fees or back-send sales loan fees.
In both instances, these payments compensate outside brokers that have advised you to buy these funds. The Financial Industry Regulatory Authority (FINRA) has capped these fees at 8.5%, but most are generally around 6%.
Redemption fees are usually paid directly to the fund when a shareholder in the fund redeems their position before a preset period of time.
In some funds, there may also be a periodic management fee if an investment is below a certain dollar amount.
Did You Know?
Next, let's take a look at ongoing expenses:
These include management and administrative fees, marketing and distribution expenses, and staff to answer shareholder inquiries.
Also included in ongoing fees are the costs to buy and sell securities.
In the end, watch out for the fees as they can add up quickly. For example, $10,000 put into a fund at 10% annual return with total yearly expenses of 1.5%, would give you a return of $50,000 after 20 years. But, if you put the same amount in the same fund with yearly expenses of only 0.5%, the return would be $60,0000.
Review of the Last Decade
Best Technologies
According to PC Magazine, the top 10 technologies that transformed our everyday lives during the last decade were:
1. Google
2. Apple iPhone
3. Apple iPod
4. Facebook
5. Wi-Fi
6. Broadband Internet Access
7. TiVo
8. GPS
9. Windows XP
10. Apple iMac
Most Important Dates
According to Newsweek's top 10 lists, the 10 most important dates during the last decade were:
1. September 11, 2001: World Trade Center Terrorist Attack
2. December 12, 2000: Bush vs. Gore Decision
3. November 4, 2008: Obama Elected
4. August 29, 2005: Katrina Makes Landfall
5. September 15, 2008: Lehman Brothers Goes Bankrupt
6. March 1, 2002: U.S. Launches Operation Anaconda (first large-scale, coordinated campaign by U.S. forces against
the Taliban in Afghanistan)
7. February 5, 2008: Colin Powell Speaks at U.N. (U.S. presents evidence that Iraq had retained weapons of mass
destruction)
8. April 16, 2007: Virginia Tech Massacre
9. December 26, 2004: Indian Ocean Tsunami
10. February 12, 2004: First Licensed Gay Marriage in America (San Francisco)
The Last Word
Janitor (n)
Janus was once the mightiest Roman deity of all until his followers fell all over for the flashier Greek Gods. That left Janus
as the God of Doors, partly because he had a face on both the front and back of his head. Those who attended him were
the doorkeepers that over time came to be known as janitors (attendees to Janus).
Statistics
Bay Area Statistics December 2009
Sales in the San Francisco Bay Area were at 7,828. This is up 13.8% from 1 year ago. This is the 16 increase and the highest since December 2006.
December prices were at $380,000. This was down 1.8% from November, but up 15.2% from December 2008.
Foreclosures accounted for 32.3% of sales. This is down from the peak number of foreclosures (52% in February
2009).
25.6% of loans are FHA loans of choice.
Existing Single-Family Home Sales (December 2009)
County Number Sold Percent Change (YOY) Median Price Percent Change (YOY)
Alameda 1,552 4.0% $360,000 6.5%
Contra Costa 1,634 -8.6% $287,500 13.9%
Fresno 918 - $175,000 -2.91%
Marin 265 60.6% $635,000 12.9%
Merced 330 - $120,000 -4.0%
Monterey 327 - $235,000 -11.32%
Napa 128 15.3% $356,000 -11.6%
San Francisco 499 36.3% $650,000 5.4%
San Benito 77 - $270,000 -1.19%
San Joaquin 858 - $165,000 -5.07%
San Luis Obispo 231 - $400,000 -4.53%
San Mateo 642 47.6% $586,500 9.2%
Santa Barbara 268 - $302,000 24.04%
Santa Clara 1,915 51.4% $475,000 8.9%
Santa Cruz 171 - $437,000 13.07%
Sacramento 1,875 - $175,000 -5.41%
Solano 698 -4.8% $217,500 1.9%
Sonoma 495 -7.3% $330,000 10.0%
Kitty’s Corner
Kitty Lee, CMPS, CMA
General Manager
Bankers Preferred Real Estate Loans
1819 Trousdale Drive,
Burlingame, CA 94010
Office: (650) 227-1018 x 304
Cell: (510) 579-7462
Fax: (650) 899-1888
http://www.bankerspreferred.com
“Hot” Marketing Tip
Marketing Advice for 2010
Now that we have started a new year, it makes sense to evaluate your business and find ways to make your marketing more
effective. Here are some tips from a strategist on OPEN Forum:
1. Know your company and your products and how they meet customer needs. Share that message.
2. Update your online presence by giving your website a refresh and adding to or starting your blog.
3. Determine how you will interact with Social Media (like Facebook and Twitter). Social media is here for the long haul and successful businesses have a strategy on how to market in those spaces. For example, create a company profile on Facebook and update it with the most current information. Then, allow people to become fans.
4. Review your customer and prospect lists and see how you can market to them directly.
5. Look at doing videos to highlight your company and products. Remember that these can easily be shared through your online presence (website, blog, social media, etc.).
6. Become familiar with mobile marketing. These days, more people use text messaging than email.
7. Start a referral program and let the world know.
8. Focus on your ideal customer and figure out ways to attract more of them to your business.
New HUD Policy Created to Allow Quicker Foreclosure Re-sales
Effective February 1, 2010, the Department of Housing and Urban Development (HUD) will relax FHA rules that prohibit insuring mortgages on homes that are owned by the seller for less than 90 days. This is a move that could help expedite the rehabilitation and resale of foreclosure properties.
In a housing market where tighter lending requirements have made FHA financing the only option for some buyers, this 90-day policy has:
1. Kept some home buyers from being able to purchase affordable homes.
2. Prevented the quick resale of foreclosed properties, which affects the ability of communities to stabilize and rebuild.
Research has shown that the buying, fixing, and reselling of foreclosed properties is often achieved in less than three months time.
The temporary waiver, which will expand access to FHA mortgage insurance to many, will be in effect for a period of one year (unless extended or withdrawn by the FHA). With this in mind, now may be an excellent time to look at foreclosed properties for those who may be on the fence about purchasing a foreclosure as a short-term investment.
To ensure FHA borrowers are protected from inflated prices, the policy has certain restrictions, including:
All transactions must be arms-length and there can be no identity of interest between the buyer and the seller.
If the sales price of the property is 20% or more above the seller's acquisition cost, the lender must meet specific
conditions for the waiver to apply.
The waiver is limited to forward mortgages and cannot be used under the Home Equity Conversion Mortgage
(HECM) purchase program.
You can read the full text of the waiver at http://www.hud.gov/offices/hsg/sfh/waivpropflip2010.pdf.
Dear Carole & Kitty
If you have a question for Carole or Kitty, please email it to
AskCarole@bambooconsultinginc.com
Vol. 14 February 2010
Question: Has the economic crisis changed Americans?
Answer (Carole): According to the Parade Crisis Impact Poll, which surveyed a national moderate panel of adults ages 18 and over, the answer is yes.
79% have personally felt its impact.
42% delayed or canceled their vacations.
27% pursued extra work to make money.
34% delayed buying major appliances.
29% forgot about doing home renovations.
28% delayed buying a new car.
Only 52% now believe if you work hard and play by the rules, the American dream is yours.
87% are worried about state of the nation.
65% were really surprised at the economic meltdown.
74% say they watch the news more.
71% describe themselves as more politically aware.
Home ownership went from 68% to 64%.
25% of the homeowners are underwater in their home values.
1 in 9 homes were either in default or foreclosure.
Not all the news is bad though. Americans see some benefits too:
52% are forming stronger bonds with spouses.
63% have become more do-it-yourselfers.
30% are volunteering more for charities.
Question: Why are banks willing to write off $150K on a short sale or foreclosure, but not willing to write down the
principal so a homeowner can stay in their home?
Answer (Carole): When the banks do a short sale or foreclosure, the government allows them to take a loss on their balance sheet and they can then offset that with profits from prior years. In the end, the banks get a tax refund from the government.
With reduction of principal, they cannot do that and the loss they would incur can only be written off against profits in the same year or carried forward at a very low rate. With principal write offs, they would have huge losses that they could not write off in the year that they incurred them. Hence, there is no benefit to the bank to write down the principal where there is a benefit to write off money in a short sale or foreclosure situation.
Question: How soon can I buy a property after a short sale?
Answer (Kitty): The answer is it depends. According to the current Fannie Mae and Freddie Mac guidelines, a two year period is required to re-establish credit. The two-year period is measured from the completion date of the short sale. There are no exceptions for extenuating circumstances.
However, FHA recently issued new guidance to help responsible borrower who did not fully payoff their mortgage due to extenuating circumstances gain access to FHA financing. On December 16, 2009, FHA released a Mortgage Letter (09-52) to lenders and underwriters regarding borrower eligibility new FHA mortgages after pursuing either a short sale (when a previously owned property is sold for less than what is owed) or a short payoff (when there is a principal write down of indebtedness that cannot be refinanced into a new mortgage). In the letter, which took effect immediately, FHA stated that borrowers are considered eligible for a new FHA-insured mortgage if: 1) they were current on their previous mortgage and other debts at the time of the short sale and 2) if the proceeds from the short sale serve as payment in full. FHA also stated that borrowers are not eligible for a new FHA mort
Please keep your comments relevant to this blog entry. Email addresses are never displayed, but they are required to confirm your comments.
(0) Comments
Reader Comments
Add your comments
Posted Tue May 19 09:53AMI’m back. After a couple week hiatus, what has changed? In a couple of words—not much. Number of units is up and there is a bit more momentum in the marketplace. However, the same pattern still exists. The preponderance of activity is still in the lower end. First time buyers and investors are out in droves looking for bargains they could not have afforded a year or two ago. A few examples include a Novato 4 bedr. 2 ba. home priced at $499K, wherein within 6 days it received 10 offers and went over listing price; a Montclair 2 bedr. 1.5 ba. home priced at $645K garnered 4 offers; a REO listing in Hercules received 20 offers; and an Inner Sunset listing in SF priced at $625K received 4 offers. All of these homes went over asking. We are even seeing pre-emptive offers like a St. Helena home priced at $675K. We haven’t seen one of these for many a moon.
These buyers are being motivated by the convergence of several factors including the steep drop in prices, the lowest interest rates since they began recording them in 1971, and the shrinking inventories.
Even the media has turned more positive and is talking about the increased activity with homes in the lesser price categories. It has taken them a while to notice.
The million dollar plus properties are moving, but nowhere near the pace of the lower priced homes. The upper price ranges are building inventory as the spring market unfolds. It is taking longer to receive offers and if properties are not priced within realistic price boundaries, it takes numerous price reductions to entice buyers to look at them. Occasionally, we will see multiple offers like the Piedmont 4 bedr. 3 ba. home listed at $1.55mil. or the 4 bedr. 3 ba. home in San Anselmo listed for $1.2 mil, which sold having received 4 offers. These homes are the exception, not the rule. They are aggressively priced, expertly staged, and in exceptional condition.
The good news is lenders are coming back in the market with jumbo product. Both buyers and lenders are still concerned that prices could fall further in the more expensive homes. Appraisals are more difficult as consequent of the uncertainty in the market, prompting both appraisers to be conservative in their estimates and some banks to drop values to protect themselves in case values drop further. Lenders have more confidence in the lower ranges despite prices having dropped from the peak anywhere from 35-70% depending on location. The higher priced homes haven’t fallen as much, although those homes that are selling have seen their prices fall on average by 20-25% or more from the peak depending on location. It is surprising that the $3 mil. plus range is still experiencing good activity. One Napa Valley property listed at $3.3 mil. in escrow received another offer that went into back-up position. We also had several showings on a St. Helena estate property listed for $5.5 mil.
We did notice a rise of million dollar plus properties in the month of April. However, in the last week or two, the under million dollar properties have dominated sales once again.
Open house activity remains strong in most markets. The usual warm spring weather has increased traffic. Most open homes have double digit buyer activity. The strongest activity is in San Francisco and in the East Bay. A Berkeley Hills home listed at $1.650mil. was visited by 75 groups of buyers, a Crocker Highlands home in Oakland priced at $985K had 80 buyers, an SF Inner Sunset 3 bedr. 2 ba. home priced at $1.497 garnered 50 groups, and a SF West Portal 4 bedr. 2 ba. home listed at $1.25mil. was visited by 42 groups. Demand is still strong, but the urgency to buy is tempered with caution.
Consumer confidence is rising slowly, the increase in the number of unemployed workers is beginning to wane, and the stock market has risen nicely over the last month and half and seems to be steadying. All these factors are helping in breathing life back into the housing market. I know there is concern about the foreclosed properties that have been held off the market by lenders due to the moratoriums. The estimate in California alone is 80,000 homes. That could mean between 10,000-15,000 homes in the Bay Area could hit the market in a very short time. To be honest, I am not overly concerned with those properties in the lower ranges. I believe the watermark has been set and there is enough pent up demand of both first time buyers and investors to absorb those properties. I believe we will see more of upper end foreclosures and short sale properties entering the market, which will begin the process of setting the watermark for that category of properties much like it did for the lower end price ranges over the last year.
When all is said and done, prices may roll back to 2002-2004 price levels, depending on the location of the properties. In the end, it will be healthy, allowing the housing market to come back into historical appreciation averages that can be sustained over the long run.
he Goldman Report
(0) Comments
Reader Comments
Add your comments
Please keep your comments relevant to this blog entry. Email addresses are never displayed, but they are required to confirm your comments.
Posted Mon Mar 16 07:32AMFeelin' Better
The Dow this past week had four straight days of gains, finishing up slightly over 9% for the week and having its best week since the end of November. I may not be popping the champagne yet, but doesn't it feel good. I wouldn't fool myself for a minute that we are out of this economic mess, but it is at least a flash of light in the darkness. There were other good signs as reported in the WSJ-the three major banks-BofA, Citigroup and J.P. Morgan Chase all turned a profit in their underlying businesses in the first two months of the year; retail sales for February fell only 0.1% from January exceeding expectations, and January sales were revised up by .2% to 1.8%; prices for copper and scrap steel rose indicating increased demand for metals typically used in manufacturing; and global shipping prices began to increase having completely collapsed last year. Even the consumer confidence index rose-not much, but at least in the right direction. Warren Buffett, in a televised interview, reemphasized his confidence in our ability to weather the storm.
Finally those sparks in the wilderness that I mentioned last month are burning a bit more brightly. Our local Bay Area housing markets continue to take baby steps. The February results are in and the trends of the last six months continue. The lower price ranges are the most active. Sold units were up significantly over February 2008 in those counties that have the lowest median prices. Solano county was up 105%, Sonoma was up 80 % and Contra Costa was up 38%. Counties that have a mix of lower and upper end ranges were down slightly. as was the case in Alameda was down 11% and Napa was down 12%. Those counties with the highest median prices dropped significantly in closed units. Santa Clara was down 25%, San Mateo was down 27%, San Francisco was down 50%, and Marin was down 54%. Pending escrows reflected the same pattern, although it was more positive as six out of the nine counties posted positive increases over 2008. Solano was +234%, Napa +134%, Contra Costa +87%, Sonoma +82%, Alameda +27%, Santa Clara +11%, San Mateo -19%, Marin -25%, and San Francisco -32%.
Median prices year over year dropped in all counties. The counties with the largest declines were those that had the highest increases in sales. This being another indicator of how active the lower price ranges have been.
Months supply of inventory was down from the peak in all but one county and down from last February in four counties. The following numbers show the current, last year's, and peak MSI numbers. The first number is the peak MSI over the last two years, the second is February 2008, and the third is the current MSI: Napa 24/9.9/9.9, Solano 22/14.5/4.7, Contra Costa 16/7.8/5.1, Sonoma 14.5/14.5/5.1, Alameda 13.7/4.8/6.0, Santa Clara 13.0/3.8/7.9, Marin 11.4/4.3/11.4, San Francisco 9.9/2.6/8.8, and San Mateo 9.8/3.7/7.3.
New listings coming on the market this year in February compared to last year were down in 6 of the 9 counties. The numbers are as follows: Contra Costa -33%, Sonoma -32%, Alameda -28%, Marin -19%, Napa -5%, and Solano -2%. Residual inventory, that is, those listings that were on the market prior to February and still available, was up in 6 of the 9 counties over last year. The six counties are San Francisco (+94%), Santa Clara (+75%), San Mateo (+56%), Alameda (+43%), Marin (+39%), and Contra Costa (+11%). The bottom line is that prices have come down substantially in the lower end of the market over the last year resulting in the reduction of inventories in those markets. The high residual inventory and the increases in MSI in the upper end markets show that prices in those markets still need to adjust downward before we reach equilibrium. As sellers in the million dollar and up ranges (in some market places $700K and up) price their properties in accordance with market conditions, we will begin to see unit sales increase and inventories decline in those markets.
The market is fluid. A recent newscast highlighted a shift in San Francisco, particularly in the lower ranges. Our sales during the second week of March were up over last year. There seems to be a greater sense of confidence in buyers, particularly in the last couple of weeks. We are beginning to see more multiple offers. Although most are in the lower end, we are now seeing a few in the million dollar plus range. A Piedmont 4 bedr. 2 ba. listing priced at $1.295 received 4 offers and went over asking. Buyers are moving quickly when they come across a value priced home in a desirable area. A 3 bedr. 2 ba. Larkspur remodeled home listed at $1.595 went into escrow 48 hours after going on the market. Homes that are priced appropriately to today's environment and show well are selling.
Serious price reductions are producing results. Our listing in San Ramon originally listed at $635K was reduced by the seller to $535K and sold immediately. Value is on every buyer's mind. Irregardless of the economy, there are many serious buyers looking to purchase homes. as evidenced by increasing number of buyers attending open homes. As the economy improves over the next year or two, lending in jumbo mortgages is made more available, unemployment numbers steady and consumer confidence begins to rise, we will approach a more balanced market. In the meantime buyers have a "golden opportunity", but it won't be there forever.
Source: The Goldman Report
(0) Comments
Reader Comments
Add your comments
Please keep your comments relevant to this blog entry. Email addresses are never displayed, but they are required to confirm your comments.
Posted Mon Mar 02 06:44AM
My Bet is on Warren
It is difficult to find bright spots in the current economy. The stock market is being hammered and even Mr. Buffett is being challenged. Berkshire-Hathaway experienced its largest loss since its inception. However, Mr. Buffett doesn't fear, as he takes a long-term view. He admits we are in for a rocky ride this year and probably next, but is confident, that as a nation, we will overcome this travail as we have always done in the past. I will put my money on Warren whose company's stock started at $66 and is now worth $78,600 a share. Another encouraging sign was the amount of corporate debt underwritten since the beginning of this year as compared to last year. This bodes well for banks who charge fees to underwrite the bonds and shows signs that the credit markets are beginning to thaw.
To be sure, we can certainly be thankful for the rain this past week. If we are gloomy about financial markets, at least the thought of achieving our normal rainfall is a pleasant one. Even with the rain, buyers are still coming out to view homes. Most opens had double digit attendance.
The buyer interest is there. A few markets are beginning to see a modest pick up in sales activity. Both SF and the East Bay are seeing increasing numbers of sales. In spite of the economic conditions, a few listings are receiving multiple offers. The bulk of these sales are still under a million dollars. In SF, a 3 bedr. /2 ba. Forest Hill fixer listed at $699K entertained 8 offers and went well over asking. In SF a 3 bedr./3 ba. Sunnyside listing priced at $899K received 4 offers. In the East Bay, a 2bedr./2ba. condo in Berkeley listed at $575K garnered 6 offers.
The highlight of the week is that we are experiencing a few more million dollar plus sales, as sellers are pricing their homes more realistically to market conditions. A good example is on the Piedmont side of Montclair where a 4bedr./4ba. home priced at $1.295 mil. received 4 offers. The one to two million dollar category is seeing a little more life. These transactions require patience, as both buyers and sellers are taking their time with negotiations. It is getting done, but not without a great deal of give and take. One more note, the trend continues for unique upper end properties with a $5mil. sale of a home on the Belvedere lagoon that went into escrow after seven days on the market.
Source: The Goldman Report
(0) Comments
Reader Comments
Add your comments
Please keep your comments relevant to this blog entry. Email addresses are never displayed, but they are required to confirm your comments.
Posted Mon Mar 02 05:53AMObama's Housing Plan certainly has promoted a wide range of responses. The objective of the Plan is to stabilize housing values by allowing approximately 7-9 million Americans that could potentially go into foreclosure, remain in their homes. The logic behind it is that if the number of REOs and short sales diminish, then supplies will get in balance with demand and prices should level off. Will or won't it work? That is anyone's guess. There is still confusion over who qualifies and exactly how it will be implemented.
Interesting to note that the hottest selling part of the market today is the lower end where most of the REOs and short sales exist. In many markets, the inventories in this sector are some of the lowest of any price range. If the plan is successful in achieving its objective by keeping more of these homes off the market, it could have its desired effect.
In the meantime buyers remain cautious and are focused on value. The trend I discussed last week continues and that is that, the higher end of a few Bay Area markets continue to heat up. This past week in San Francisco alone there were five homes in the $4mil.-9mil. price range that went into escrow. One home listed at $8.9 mil. received 4 offers. All of those homes were on the market less than 25 days. We are also seeing this trend in the Piedmont and Marin markets.
These sales are increasing our average sales price on a week over week basis. Our average sales price rose substantially by close to 30%. However, the majority of sales are still well under the million dollar threshold.
We are seeing an increase of multiple offers in the East Bay, particularly in the Oakland, Piedmont, and Berkeley areas. A 4bedr/2.5 ba. Oakland home listed at $695K sold over asking with 6 offers. A Berkeley 3bedr/2ba. home priced at $640K received 3 offers and went over asking. A Piedmont 5bedr./4.5 ba. listed at $2.55 mil. garnered 2 offers.
As prices have fallen, affordability for buyers has risen dramatically. In a recent news article on national home affordability, the SF Metro area rose from a meager 5.7% in the 2nd quarter of 2007 to a current 20.5%. That, combined with the continued low interest rates in the conforming loan sector, has fostered the increased activity in the lower end of the market.
It should be interesting when Mr. Bernanke, the Fed Chief, speaks to Congress in the coming week. The expectation is that he will talk about new tools that the Fed will use to get the economy on track. The potential good news for the housing market for both buyers and sellers (at least those in the conforming loan limits) is that rates could drop lower, creating greater affordability and motivating buyers to finally make a move.
The market is taking tiny baby steps to improvement. The buyers are still circling as open house activity is remaining constant with most opens generating between 10-20 buyers. There are larger numbers of buyers at a few listings, particularly those that are open for the first time and primarily at under million dollar homes, as exemplified by the Berkeley 2bedr/1 ba. home listed at $599K that had 66 groups visit.
What I am hearing is that we will be seeing more well-priced, attractive listings hitting the market over the next month or two. Sellers are becoming more realistic in their pricing. We are also seeing an increase in price reductions from sellers who now realize that it is not 2006. Both of these factors should have a positive impact on our Spring market.
Source: The Goldman Report
(0) Comments
Reader Comments
Add your comments
Please keep your comments relevant to this blog entry. Email addresses are never displayed, but they are required to confirm your comments.
. All rights reserved.
Data last updated: 03/09/10 07:00PM.