January Mosquitoes
If you're going to live in Minnesota in January, it helps to have a positive attitude.
Best line I heard today was from an "old-timer" -- or the PC equivalent, "senior citizen-plus" -- that I crossed paths with going into Home Depot (too early) this morning: 'not too many mosquitoes out today,' he said, enthusiastically (and without a trace of irony).
"You 'betcha!"
That's Minnesotan for "Amen."
Showing posts with label January. Show all posts
Showing posts with label January. Show all posts
Tuesday, January 5, 2010
Friday, March 6, 2009
Latest "Pending" Home Sales
January Numbers: Down 7.7%
According to the National Association of Realtors ("NAR"), pending home sales fell 7.7% in January.
A home sale is considered "Pending" once the inspection contingency is removed, but before the Buyer's financing is finalized and the title is transferred at closing. In a typical deal locally, the interval between a "Pending" and a "Closed" sale is about one month.
Given the growing financial turmoil, it's hardly surprising that Buyers are balking at making such a major commitment -- for most consumers, it is THE biggest ticket purchase they likely make.
When you read that monthly car sales are down 50%, the impact on something much more expensive, like housing, isn't going to be pretty.
According to the National Association of Realtors ("NAR"), pending home sales fell 7.7% in January.
A home sale is considered "Pending" once the inspection contingency is removed, but before the Buyer's financing is finalized and the title is transferred at closing. In a typical deal locally, the interval between a "Pending" and a "Closed" sale is about one month.
Given the growing financial turmoil, it's hardly surprising that Buyers are balking at making such a major commitment -- for most consumers, it is THE biggest ticket purchase they likely make.
When you read that monthly car sales are down 50%, the impact on something much more expensive, like housing, isn't going to be pretty.
Subscribe to:
Posts (Atom)
Posts
