Keep Saving - 11/23/08 09:56 AM

The above chart is interesting.  You'll notice the quick spike this year.  You may be thinking, "this is great, at least people started saving."  Not exactly.  The quick spike which is pretty much already gone is in effect people yanking money out of more risky investments and parking them in savings accounts for a short time.  Now, those savings are being plowed through.  This wasn't "organic" savings in that people were saving excess money.  This was saving because people needed quick access to cash which they are already blowing through.
This is also seen in data of 401k redemptions.  Even … (0 comments)

Existing Homes VS Newly Built - 11/23/08 09:54 AM

New home sales have tanked.  The above chart clearly shows that.  This goes in line with the housing starts chart.  Existing homes have held up a little better but again many sales are simply foreclosure resales.  Last month in California 50% of all homes sold were previous foreclosures.  There is no distinguishing between the healthy market and the distressed market.
The newly built chart is another indicator to keep your eye on for a bottom.  Clearly we are nowhere close to a bottom.  The foreclosures that we will be dealing with will probably continue to make the existing sales chart … (0 comments)

Found this chart on the internet... Ouch - 11/23/08 09:53 AM

Housing starts are an excellent leading indicator to keep your eye on to see when a bottom in housing is nearing.  Why?  These are builders and investors who have to stake their money in the market to build homes and bring them to market.  The above chart clearly depicts that housing starts have fallen off a cliff.  We are nowhere near a bottom. The market has too much inventory that needs to work through.  In addition, we have at least for 1 or 2 years a steady stream of inventory coming form the worst place.  Foreclosures.  This almost guarantees that … (0 comments)

Why the car industry needs a Helping hand - 11/23/08 09:48 AM
www.andrew.searchinwestvirginia.com

Auto sales posted the worst performance since World War II.  Contrary to the notion that only big trucks are feeling the pain, all sectors of the automotive sector are seeing major drops in sales.  And this isn't with lack of help from collapsing fuel prices.  Oil per barrel settled at $55 which you would instinctively think would be fantastic for automotive sales.  That is not the case.  Auto sales are falling because people are unable to spend money they do not have.  The credit for financing cars is tight.
There is also a psychological component that people that feel … (0 comments)

Retail sales are getting Crushed - 11/23/08 09:46 AM
Retail sales fell by 2.8% last month following a huge decline in auto sales.  This was the largest decline since the index began in 1992.  The previous record was a 2.65% drop that occurred in November 2001 right after the 9/11 attacks.  This was a significant decline right before the crucial holiday season.  Credit could not be frozen at a more imperfect time when many retailers make a large portion of their money during the November and December holiday seasons.  With 71% of our GDP based on consumption, a 2.8% decline in consumption should cause us pause.  No significant outside event … (0 comments)

What is Synchronized Recession - 11/23/08 09:43 AM
It is now official that the largest economies in the world are tipping into a synchronized recession.  Japan and the Eurozone both are now in recessions.  This is significant not only because these industrialized zones make up a large portion of the world's GDP but they signify that systemically we are grouped together in the same boat.  It is rather apparent that the U.S. economy is now in a full-blown recession.  Citigroup today announced that it will be cutting more than 50,000 of its workforce, the second biggest job cut announcement in history.  The only larger job cut announcement in history came … (0 comments)

High Blood Pressure - 11/23/08 09:25 AM
One of the most prevalent and most serious health problems you can face is high blood pressure, or hypertension. High blood pressure is most common among people over age 35 according to the National Institute of Health. Heavy drinkers, middle-aged and elderly people, obese people, and African Americans are among the most commonly effected by hypertension. Many people with a strong family history of high blood pressure may never suffer from it.
… (0 comments)

Dont Blame Me I didn't vote for Sarah "P" - 11/23/08 09:23 AM
The failed Republican vice presidential candidate crunched state budget numbers this past week in her 17th-floor office as tumbling oil prices hit Alaska's revenues. Her staff, meanwhile, fielded television requests seeking the 44-year-old Palin for late-night banter and Sunday morning Washington policy. Agents from the William Morris Agency and elsewhere, have come knocking. There even has been an offer to host a TV show. "Tomorrow, Governor Palin could do an interview with any news media on the planet," said her spokesman, Bill McAllister. "Tomorrow, she could probably sign any one of a dozen book deals. She could start talking to people … (0 comments)

Go with IGoogle - 11/23/08 09:18 AM
For those of you that use gmail for your email provider.  You should also use igoogle.  Just go to www.igoogle.com and start messing with it.  You can have quick Mortgage calulators, google maps, always know that the interest market is doing. it s a great tool.  You should check it out.  Also you can search directly from it.  It takes all your emails and websites that you are always on, and puts them in one place.
… (0 comments)

i GOOGLE - 11/23/08 09:17 AM
For those of you that use gmail for your email provider.  You should also use igoogle.  Just go to www.igoogle.com and start messing with it.  You can have quick Mortgage calulators, google maps, always know that the interest market is doing. it s a great tool.  You should check it out.
… (0 comments)

I's still not over the 10$ commission. - 11/19/08 12:16 PM
Ok, so I'm just not over it.  Agents are offer 10$ commissions to place tennats n there properties.  I dont want to get into a long drawn out debate on this anymore... But I just want to say it is not right...  Make it fair at least.  Ok so the dog and dead and I am not going to kick it anymore...
… (0 comments)

Great Work Chris Hoffmaster - 11/10/08 11:49 AM
I wanted to throw my kudzo's to Chris Hoffmaster, we closed the most impossible deal last week.  He did a great job keeping everyone on track from begining to end.  It was a very hard client to keep control of and he did it perfect.  Great work.  I would like to know who trained you.  :)
 
andrew
www.searchinwestvirginia.com
… (0 comments)

Im a proud daddy again. - 11/09/08 07:46 PM
AMber and I had our second little girl this week.  Her name is Zoi Jiselle Johnson.  SHe was born on tuesday election day.  I should have named her Zoi Zoboma Johnson.  AMber would not go for that.  Well back to the grind this week. I did take a couple days off and for those of you that know me, knows how big that is.  Hope all is well. 
andrew
www.searchinwestvirginia.com
… (2 comments)

looking for young realtors I will train - 11/06/08 06:18 PM
I am looking for young agents that want to learn my way.  We are a group of under 35 agents that are on fire.  We want to train other hungry agents to do it our way and make a bunch of money.  We have spots open still.  I provide leads and the tolls to close the leads.  It is not an easy team to get onto, but if you can, it is worth its weight in golf.  Drop me a line if you are interested.
… (0 comments)

Sorry to all property managers - 11/06/08 06:14 PM
Thought I would say I was sorry for beating up on property managers that dont pay placement fees to the realtor that brings them clients.  I did not realize that It was going to cause such an up roar.  SO for the record books, I am very sorry to everyone that I pissed off.  I should be more willing to reconize the important work you do to work with the people that we dont want to.
 
… (0 comments)

Thought I would say I was sorry - 11/06/08 06:13 PM
Thought I would say I was sorry for beating up on property managers that dont pay placement fees to the realtor that brings them clients.  I did not realize that It was going to cause such an up roar.  SO for the record books, I am very sorry to everyone that I pissed off.  I should be more willing to reconize the important work you do to work with the people that we dont want to.
… (0 comments)

 
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Andrew Johnson

Martinsburg, WV

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Touchstone Realty

Office Phone: (304) 260-9380

Cell Phone: (304) 283-0723

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