Every month, the National Association of Realtors (NAR) releases their Seller Traffic Index as a part of their Realtors Confidence Index. In the latest release, NAR reported that homeowners have been reluctant to sell their houses. This is reflected when broken down by state. Only 11 states have a stable level of seller traffic compared to the remainder of the country, which came in with a weak rating.

As we can see in the following table, the number of people who moved last year is half of what the rate was in the 1980s.

This does not come as a surprise, as tenure length (the number of years someone owns a home before moving again) among existing homeowners has increased. It has risen from an average of 6 years from 1985 to 2008, up to 9.5 years over the last few years. This is shown in the graph below:

As we can see, there is a pent-up seller demand!

What led to this change in behavior? Falling prices during the housing crisis led to many homeowners having negative equity in their home, meaning they owed more on their mortgage than the home was worth. Others were able to secure a low interest rate on their mortgage and have not been quick to obtain a new mortgage with a higher rate.

Will this trend continue?

Recently NAR reported that “69% of people believe now is a good time to sell a home.”

With a strong economy, low interest rates, and wages continuing to rise, some homeowners will be ready to put their house on the market and move up to the home of their dreams!

Bottom Line

There is a great opportunity for sellers to take advantage of the current real estate market before new inventory comes to market. If you are considering selling your house or would like to know your options, let’s get together today to help you understand the possibilities available to you!

At the end of this Email is a quote of the month by Jay Leno.. If you don't read anything else, Please Read what he Said.
Very well stated,
Mr. Leno.

TO ALL THE KIDS WHO SURVIVED THE

1930's, 40's, 50's, 60's and 70's!!

First, we survived being born to mothers
Who smoked and/or drank while they were
Pregnant.

They took aspirin, ate blue cheese dressing,
Tuna from a can and didn't get tested for diabetes.

Then after that trauma, we were put to sleep on our tummies in baby cribs covered with bright colored lead-base paints.

We had no childproof lids on medicine bottles,
Locks on doors or cabinets and when we rode
Our bikes, we had baseball caps not helmets on our heads.

As infants & children,
We would ride in cars with no car seats,
No booster seats, no seat belts, no air bags, bald tires and sometimes no brakes.

Riding in the back of a pick-up truck on a warm day
Was always a special treat.

We drank water
From the garden hose and not from a bottle.

We shared one soft drink with four friends,
From one bottle and no one actually died from this.

We ate cupcakes, white bread, real butter and bacon.
We drank Kool-Aid made with real white sugar.
And, we weren't overweight.
WHY?

Because we were
Always outside playing…that's why!

We would leave home in the morning and play all day,
As long as we were back when the
Streetlights came on.

No one was able
To reach us all day. And, we were O.K.

We would spend hours building our go-carts out of scraps
And then ride them down the hill, only to find out
We forgot the brakes. After running into the bushes with
thorns a few times, we learned to solve the problem.

We did not have Playstations, Nintendo's and X-boxes.
There were no video games, no 150 channels on cable and

some had no TV at all. If you did, it had one or two channels
No video movies or DVD's, no surround-sound or CD's,
No cell phones,
No personal computers, no Internet and no chat rooms.
WE HAD FRIENDS
And we went outside and found them!

We fell out of trees, got cut, broke bones and teeth
And there were no lawsuits from these accidents.

We ate worms and mud pies made from dirt,
And the worms did not live in us
Forever.

We were given BB guns for our 10th birthdays,
Made up games with sticks and tennis balls and,
Although we were told it would happen,
We did not shoot out very many eyes..

We rode bikes or walked to a friend's house and
Knocked on the door or rang the bell, or just
Walked in and talked to them and their parents.

Little League had tryouts and not everyone made the team.
Those who didn't had to learn to deal
With disappointment.
Imagine that!!

The idea of a parent bailing us out if we broke the law
Was unheard of.
They actually sided with the law!

These generations have produced some of the best
Risk-takers, problem solvers and inventors ever.

The past 50 years
Have been an explosion of innovation and new ideas.
We had freedom, failure, success and responsibility,
and we learned how to deal with it all.

If someone died from our school, we had no psychologists,

psychiatrists or anyone else to talk to us. We had our parents,

teachers, principals and our friends to sort things out and we

COPED as best we could.

If YOU are one of them?
CONGRATULATIONS!

You might want to share this with others
who have had the luck to grow up as kids, before the
lawyers and the government regulated so much of our lives

and took away our freedom for our own good.

While you are at it, forward it to your kids so they will know
how brave and lucky their parents were to be FREE.

Kind of makes you want to run through the house
with scissors, doesn't it ?

The quote of the month is by Jay Leno:
"With hurricanes, tornados, fires out of control,
mud slides, flooding, severe thunderstorms
tearing up the country from one end to another,
and with the threat of swine flu and terrorist attacks.
Can we be sure this is a good time
to take God out of the Pledge of Allegiance or

School?'

For those that prefer to think that God is not watching over us..

..go ahead and delete this.

For the rest of
us…pass this on.

A Small Prayer!

God determines who walks into your life….it's up to you to decide who you let walk away,

who you let stay, and who you refuse to let go.

I need this back. If you'll do this for me, I'll do it for you.

When there is nothing left but God, that is when you find out that God is all you need.

Take 60 seconds and give this a shot! All you do is simply say the following small prayer for the person who sent you this.

Father,
God bless my friend in whatever it is that You know they may need this day!
And may their life be full of your peace, prosperity, and power
as he/she seeks to have a closer relationship with you.
Amen.

Then send it on to other people, including the one who sent it to you.

Within hours you will have caused a multitude of people to pray for other people.

Then sit back and watch the power of God work in your life.

P. S… The more you send it to, the better.