Two interesting stats were reported yesterday and today regarding new home sales and existing home sales. For new home sales, numbers jumped by 16.2 percent...but prices dropped significantly. For existing home sales, the numbers fell by 2.6 percent last month AND prices fell by .08 percent from a year ago. I heard some folks yesterday talking about the housing slump being over because new home sales were "taking off". However, slashing prices to stimulate sales doesn't really count for a "take off"...and in fact will have a lasting impact on the price of future sales. Add to that the stagnant numbers for existing home sales, and you can see the slump is still slumpin'.
For builders, developers and real estate professionals, check out my WannaNetwork page for info on how you can help stabilize the market and offer your customers a win-win-win solution to the troubled housing market. We have an incredible patent-pending program that "thinks outside the shell"...gotta see it to understand what I mean. It's worth a look.
We love to see a Win-Win-Win situation. If you're looking to buy a new home or investment property, look around our website at http://www.cheaphousepayments.com/. We have some outstanding properties advertised that can save you hundreds or thousands of dollars each month for up to 24 months! If you're a builder or developer, we can help you move your inventory through our online advertisements and the use of our patent-pending Payment Assistance ProgramTM. If you're a real estate professional, we invite you to work with us to help your clients (both buyers AND sellers) save money and see the results they want!
See...everyone wins with at CheapHousePayments.com! But don't let the name fool you. Remember, the only thing CHEAP is the payment!
Full articles can be found here: http://www.nytimes.com/2007/05/25/business/25econ.html?_r=1&oref=slogin and http://www.forbes.com/feeds/ap/2007/05/25/ap3758713.html
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Discussions about real estate finance law, problems (such as growing defaults, increased foreclosures, fraud, etc.) and creative solutions.
Jason M. Romrell
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About Me
- Jason M. Romrell
- I graduated cum laude from U of I College of Law, where I served as the school’s first two-term President. I won several trial competitions and received the coveted Outstanding Trial Advocate award. After 5 years as a general practitioner and part time prosecutor, I wanted a more focused practice, so I accepted a position with an int'l software company providing compliance services and lending documents to mortgage bankers and brokers. As General Counsel, I was called upon to resolve a wide range of business-related issues all while assisting with the day-to-day compliance concerns in the heavily regulated mortgage lending industry. During my years as General Counsel, the company grew from a handful of employees to over 150 local and oversea staff. I'm now Of Counsel with Angstman, Johnson & Assoc. where I handle a select number of real estate-related matters. I'm also the President and Chief Legal Officer for a cutting edge real estate advertising firm with very unique and creative solutions for a troubled real estate finance market. Lawyers are good at saying “no”. The real skill is finding solutions to make things work within the confines of the law. That’s my focus!
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1 comment:
This is a great blog. I find it to be informative and entertaining. :)
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