Archive for March, 2009

February existing home sales rise!

Monday, March 23rd, 2009

shutterstock_252822-internet-size.JPGThe National Association of Realtors said Monday that sales of existing homes grew 5.1 percent to an annual rate of 4.72 million last month, from 4.49 million units in January. It was the largest sales jump since July 2003.

The median sales price plunged to $165,400, down 15.5 percent from $195,800 a year earlier. That was the second-largest drop on record.

February’s median sales price was up slightly from January, which recorded the lowest median price since September 2002.

In contrast with the housing boom, when buyers took out ever-riskier loans and maxed out their home equity lines, “homebuyers are not over stretching” said Lawrence Yun, the Realtors’ chief economist. “They want to stay within their budget.

By summertime, sales are expected to get a boost from a $8,000 tax credit for new home buyers included in the economic stimulus package signed by President Barack Obama last month.The number of unsold homes on the market last month rose 5.2 percent to 3.8 million, a typical increase for the winter months. At February’s sales pace, it would take 9.7 months to rid the market of all of those properties, unchanged from a month earlier.

The bursting of the U.S. housing bubble has caused foreclosures to swamp the market — especially in particularly distressed states like California, Florida, Nevada and Arizona.

About 45 percent of sales nationwide are foreclosures or other distressed property sales, according to the Realtors group. Those properties typically sell for about 20 percent less than non-distressed homes.

That’s great news for buyers, who are paying the most attractive prices in years. Plus, interest rates have sunk to historic lows.

The Federal Reserve last week moved to reduce already low rates by printing $1.2 trillion and pumping it into the economy through the purchases of mortgage-backed securities and Treasury debt.

The central bank also will double its purchases of debt issued by Fannie Mae and Freddie Mac to $200 billion.
(For more articles like this, check Yahoo News on the Business Tab)

Contact The Franz Team today for answers to your real estate questions! 316-772-6605 or 316-215-1964

Kill A Watt! What??

Tuesday, March 10th, 2009

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You can do something practical to go GREEN and save money too!!

Often we are not sure how much electrical energy an appliance uses. In
addition, we often plug in a device and notice it has some lights blinking
even when the switch is “OFF”! Science has now given us a machine that
will tell how much energy any device uses-we just plug it into the monitor,
plug the monitor into an ordinary wall socket and wait for an hour or two
and we can then calculate the energy and the cost for using that device.

Our team likes GREEN. We have purchased a “Kill-A-Watt” electricity usage
monitor and we will loan it to you for 48 hours so you can check many or all
of your electrical appliances. The monitor has a large LCD display that
will tell you how much energy each appliance uses. We will also give you an
Electrical Equipment Inventory Schedule for you to record the watts used by
your devices.

Save Money, Save the environment by knowing exactly how much each appliance
uses.

Give us a call at 316-772-6605 to schedule our “Kill-A-Watt” monitor for use in your home.
This is free service of The Franz Team.

To see how this works, follow this link: