Just got back from the North American International Auto Show in Detroit and it was a blast. The show was not a big as previous years, but you really got to get up close to the cars and that is why I go. More about the show in future blog posts.
Today I received an email from our Board with information that was presented as a service to local Realtors as a pep rally. We were encourage to keep a positive attitude and continue to do the things we know need to be done to help our clients get the results they are looking for when marketing their homes.
John May, former head of the PVA, gave some interesting statistics in a Power Point presentation that I thought was fascinating. It documented sales and other stats for the last eight years in Louisville and the surrounding counties. One of the most the most interesting slides was one that showed that our foreclosure rate is below the national average and it has actually dropped in the last few months. Our peak in foreclosures was just over 0.80% of all loans. Less than 1% of loans in foreclosure and we are dropping. The national news, and some local publications, would have us believing that the number is much higher. That might be the case in a few isolated markets, but when they say that foreclosures have doubled in the last year, in our area they are talking about 0.4% to 0.8%. To see the entire presentation, please contact me.
None of this really matters if it is your home in foreclosure. If that is a position you find yourself in, call a Realtor. We have resources that can help.
I often say, if you can't be positive, you can't be a Realtor. If you would like specific information about your area, please call me. The time is now to buy. If that means you have to sell first, talk to a professional, but in the long run, you could be in the house of your dreams.
Statistics
LISTINGS Residential (Single Family & Condo)
January 5-11, 2009 624
Last Year 652
SOLDS
December 28, 2008 - January 1, 2009 164
Last Year 198
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