Well the bad new keeps on coming, especially the news that affect Real Estate Sales and Values.
The Latest bad news is $4.25 a gallon gas prices. And if that is not bad enough, I read in the WSJ that gas prices could go over $5.00 a gallon and possibly $6.00 yet this summer.
I am sure you read where P&G and several paper and boxing Mfg's have raised packaging pricing
on all products and we expect these price increases to virally move thruout the industry.
The really bad thing is Manufacturers will invest in automation, which will allow them to
layoff and reduce their labor forces. It appears that the trend nowadays is to stop all
of the outsourcing to third world countries in favor of investing in Automation.
Quite frankly, I don't see any relief for the housing market oversupply, as the latest statistics show that more families are leaving the area than are moving into the area. Add the glut of housing inventory caused by past and future foreclosures and it may take well over a decade to stabilize the local housing industry.
Generally, I would have sold at least 10 housing units by may 1st of each year. Last year was
very bad and I only sold three. This year is very bad and I started earlier, and worked harder
and I only sold 2 units by May 1st.
we have had to use every ounce of our 47 years of experience to get this done. It takes hard
work and innovation, plus a little luck to sell real estate property today. Take advantage
of this knowledge by calling 937-559-9889 to sell your real property. We will not leave one
stone unturned, or any effort left on the table.
Monday, May 2, 2011
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