Jan 1st 2009! Congratulations, Keller Williams is the 3rd largest Real Estate Company in the United States and the ONLY one in the top 3 with NO debt!
Wed. Oct 1st 2008 - Take a look at how we are outpacing the industry!
While the National Association of REALTORS® has shrunk by 6 percent, Keller Williams has only experienced a 2 percent adjustment in agent count!
While other companies and offices are selling out or closing their doors, we opened 25 offices in the last 12 months!
While other companies are raising fees and charging their agents more in order to keep the doors open, the vast majority of our offices are profitable!
While agents with other companies worry about their financial security, we have given back more than $32 million in profits to our agents over the last year!
As we watch our competitors, particularly those that answer to Wall Street, take on billions of dollars of debt, we are proud to say that our company has not one dollar of financing debt and we remain strongly, soundly profitable.
Keller Williams Realty was built by agents, built for agents. It’s a company that’s changing lives. The next one could be yours. We are here to help you in a confidential and supportive manor.
Sincerely,
Rob Alley, Realtor at Keller Williams Charlottesville
540-250-3275 (cell)
roballeyrealtor@gmail.com
http://www.robsellscharlottesville.com/
http://www.forestlakesliving.com/
http://www.charlottesvillevarealestate.blogspot.com/
http://www.charlottesvilleshortsale.com/
http://www.theaverygroup.com/
Showing posts with label central virginia. Show all posts
Showing posts with label central virginia. Show all posts
Friday, January 8, 2010
Keller Williams The Best Around
Jan 1st 2009! Congratulations, Keller Williams is the 3rd largest Real Estate Company in the United States and the ONLY one in the top 3 with NO debt!
Wed. Oct 1st 2008 - Take a look at how we are outpacing the industry!
While the National Association of REALTORS® has shrunk by 6 percent, Keller Williams has only experienced a 2 percent adjustment in agent count!
While other companies and offices are selling out or closing their doors, we opened 25 offices in the last 12 months!
While other companies are raising fees and charging their agents more in order to keep the doors open, the vast majority of our offices are profitable!
While agents with other companies worry about their financial security, we have given back more than $32 million in profits to our agents over the last year!
As we watch our competitors, particularly those that answer to Wall Street, take on billions of dollars of debt, we are proud to say that our company has not one dollar of financing debt and we remain strongly, soundly profitable.
Keller Williams Realty was built by agents, built for agents. It’s a company that’s changing lives. The next one could be yours. We are here to help you in a confidential and supportive manor.
Sincerely,
Rob Alley, Realtor at Keller Williams Charlottesville
540-250-3275 (cell)
roballeyrealtor@gmail.com
http://www.robsellscharlottesville.com/
http://www.forestlakesliving.com/
http://www.charlottesvillevarealestate.blogspot.com/
http://www.charlottesvilleshortsale.com/
http://www.theaverygroup.com/
Wed. Oct 1st 2008 - Take a look at how we are outpacing the industry!
While the National Association of REALTORS® has shrunk by 6 percent, Keller Williams has only experienced a 2 percent adjustment in agent count!
While other companies and offices are selling out or closing their doors, we opened 25 offices in the last 12 months!
While other companies are raising fees and charging their agents more in order to keep the doors open, the vast majority of our offices are profitable!
While agents with other companies worry about their financial security, we have given back more than $32 million in profits to our agents over the last year!
As we watch our competitors, particularly those that answer to Wall Street, take on billions of dollars of debt, we are proud to say that our company has not one dollar of financing debt and we remain strongly, soundly profitable.
Keller Williams Realty was built by agents, built for agents. It’s a company that’s changing lives. The next one could be yours. We are here to help you in a confidential and supportive manor.
Sincerely,
Rob Alley, Realtor at Keller Williams Charlottesville
540-250-3275 (cell)
roballeyrealtor@gmail.com
http://www.robsellscharlottesville.com/
http://www.forestlakesliving.com/
http://www.charlottesvillevarealestate.blogspot.com/
http://www.charlottesvilleshortsale.com/
http://www.theaverygroup.com/
Wednesday, December 30, 2009
Keller Williams Ranked as Top Real Estate Franchise
Keller Williams Realty Ranked as Top Real Estate Franchise by Industry Leader and Entrepreneur Magazine
AUSTIN, TEXAS (December 21, 2009) — Keller Williams Realty joined the ranks of the top franchises in the world last week, when the company was ranked as the No. 1 real estate franchise on the 31st Annual Franchise 500 list by Entrepreneur magazine. During the same week, the company was also voted the Most Recognizable Brand of Real Estate Franchises for 2009 in an industry-wide survey for the Swanepoel TRENDS Report.
“The Swanepoel TRENDS Report is a respected source for the real estate industry and beyond, as is Entrepreneur magazine, and we are excited to see our agents honored in this way for all of their hard work,” said Mark Willis, CEO, Keller Williams Realty. “We certainly wouldn’t have been included on either list without the dedication and resolve of our agents.”
According to the ranking in Entrepreneur magazine, the most important criteria to determine the top franchises included financial strength and stability, as well as growth rate and size of the franchise system. The magazine also looked at the number of years the company has been in business and the length of time it’s been franchising, in addition to start-up costs and financial data. Additionally, Keller Williams Realty made an impressive showing on the overall list, placing higher than any other real estate franchise.
The Swanepoel TRENDS Report is published by Stefan Swanepoel, a real estate industry speaker and insider. The survey was crafted to determine the Most Recognizable Brand for Real Estate Franchises for his report out in February 2010. The survey included votes cast by 11,000 plus real estate agents, who cast 390,000 votes to select the top 10.
Earlier in the year,Keller Williams Realty also received the highest overall satisfaction ratings from home buyers among the largest full-service real estate firms from J.D. Power and Associates for the second year in a row.
“We are extremely proud that our associates and company are being recognized for our strength and stability during this time in our industry,” said Mary Tennant, president and COO, Keller Williams Realty. “We attribute our success to being in business with phenomenal people and to our core business models, which have allowed our franchises to thrive during any market.”
###
About Keller Williams Realty Inc.:
Founded in 1983, Keller Williams Realty Inc. is the third-largest real estate franchise operation in the United States, with 679 offices and 73,000 associates in the United States and Canada. The company, which began franchising in 1990, has an agent-centric culture that emphasizes access to leading-edge education and promotes an economic model that rewards associates as stakeholders and partners. For more information, visit Keller Williams Realty online at (www.kw.com).
Rob Alley, Realtor at Keller Williams Charlottesville
540-250-3275 (cell)
roballeyrealtor@gmail.com
http://www.robsellscharlottesville.com
http://www.forestlakesliving.com
http://www.charlottesvillevarealestate.blogspot.com
http://www.charlottesvilleshortsale.com
http://www.theaverygroup.com
AUSTIN, TEXAS (December 21, 2009) — Keller Williams Realty joined the ranks of the top franchises in the world last week, when the company was ranked as the No. 1 real estate franchise on the 31st Annual Franchise 500 list by Entrepreneur magazine. During the same week, the company was also voted the Most Recognizable Brand of Real Estate Franchises for 2009 in an industry-wide survey for the Swanepoel TRENDS Report.
“The Swanepoel TRENDS Report is a respected source for the real estate industry and beyond, as is Entrepreneur magazine, and we are excited to see our agents honored in this way for all of their hard work,” said Mark Willis, CEO, Keller Williams Realty. “We certainly wouldn’t have been included on either list without the dedication and resolve of our agents.”
According to the ranking in Entrepreneur magazine, the most important criteria to determine the top franchises included financial strength and stability, as well as growth rate and size of the franchise system. The magazine also looked at the number of years the company has been in business and the length of time it’s been franchising, in addition to start-up costs and financial data. Additionally, Keller Williams Realty made an impressive showing on the overall list, placing higher than any other real estate franchise.
The Swanepoel TRENDS Report is published by Stefan Swanepoel, a real estate industry speaker and insider. The survey was crafted to determine the Most Recognizable Brand for Real Estate Franchises for his report out in February 2010. The survey included votes cast by 11,000 plus real estate agents, who cast 390,000 votes to select the top 10.
Earlier in the year,Keller Williams Realty also received the highest overall satisfaction ratings from home buyers among the largest full-service real estate firms from J.D. Power and Associates for the second year in a row.
“We are extremely proud that our associates and company are being recognized for our strength and stability during this time in our industry,” said Mary Tennant, president and COO, Keller Williams Realty. “We attribute our success to being in business with phenomenal people and to our core business models, which have allowed our franchises to thrive during any market.”
###
About Keller Williams Realty Inc.:
Founded in 1983, Keller Williams Realty Inc. is the third-largest real estate franchise operation in the United States, with 679 offices and 73,000 associates in the United States and Canada. The company, which began franchising in 1990, has an agent-centric culture that emphasizes access to leading-edge education and promotes an economic model that rewards associates as stakeholders and partners. For more information, visit Keller Williams Realty online at (www.kw.com).
Rob Alley, Realtor at Keller Williams Charlottesville
540-250-3275 (cell)
roballeyrealtor@gmail.com
http://www.robsellscharlottesville.com
http://www.forestlakesliving.com
http://www.charlottesvillevarealestate.blogspot.com
http://www.charlottesvilleshortsale.com
http://www.theaverygroup.com
Keller Williams Ranked as Top Real Estate Franchise
Keller Williams Realty Ranked as Top Real Estate Franchise by Industry Leader and Entrepreneur Magazine
AUSTIN, TEXAS (December 21, 2009) — Keller Williams Realty joined the ranks of the top franchises in the world last week, when the company was ranked as the No. 1 real estate franchise on the 31st Annual Franchise 500 list by Entrepreneur magazine. During the same week, the company was also voted the Most Recognizable Brand of Real Estate Franchises for 2009 in an industry-wide survey for the Swanepoel TRENDS Report.
“The Swanepoel TRENDS Report is a respected source for the real estate industry and beyond, as is Entrepreneur magazine, and we are excited to see our agents honored in this way for all of their hard work,” said Mark Willis, CEO, Keller Williams Realty. “We certainly wouldn’t have been included on either list without the dedication and resolve of our agents.”
According to the ranking in Entrepreneur magazine, the most important criteria to determine the top franchises included financial strength and stability, as well as growth rate and size of the franchise system. The magazine also looked at the number of years the company has been in business and the length of time it’s been franchising, in addition to start-up costs and financial data. Additionally, Keller Williams Realty made an impressive showing on the overall list, placing higher than any other real estate franchise.
The Swanepoel TRENDS Report is published by Stefan Swanepoel, a real estate industry speaker and insider. The survey was crafted to determine the Most Recognizable Brand for Real Estate Franchises for his report out in February 2010. The survey included votes cast by 11,000 plus real estate agents, who cast 390,000 votes to select the top 10.
Earlier in the year,Keller Williams Realty also received the highest overall satisfaction ratings from home buyers among the largest full-service real estate firms from J.D. Power and Associates for the second year in a row.
“We are extremely proud that our associates and company are being recognized for our strength and stability during this time in our industry,” said Mary Tennant, president and COO, Keller Williams Realty. “We attribute our success to being in business with phenomenal people and to our core business models, which have allowed our franchises to thrive during any market.”
###
About Keller Williams Realty Inc.:
Founded in 1983, Keller Williams Realty Inc. is the third-largest real estate franchise operation in the United States, with 679 offices and 73,000 associates in the United States and Canada. The company, which began franchising in 1990, has an agent-centric culture that emphasizes access to leading-edge education and promotes an economic model that rewards associates as stakeholders and partners. For more information, visit Keller Williams Realty online at (www.kw.com).
Rob Alley, Realtor at Keller Williams Charlottesville
540-250-3275 (cell)
roballeyrealtor@gmail.com
http://www.robsellscharlottesville.com
http://www.forestlakesliving.com
http://www.charlottesvillevarealestate.blogspot.com
http://www.charlottesvilleshortsale.com
http://www.theaverygroup.com
AUSTIN, TEXAS (December 21, 2009) — Keller Williams Realty joined the ranks of the top franchises in the world last week, when the company was ranked as the No. 1 real estate franchise on the 31st Annual Franchise 500 list by Entrepreneur magazine. During the same week, the company was also voted the Most Recognizable Brand of Real Estate Franchises for 2009 in an industry-wide survey for the Swanepoel TRENDS Report.
“The Swanepoel TRENDS Report is a respected source for the real estate industry and beyond, as is Entrepreneur magazine, and we are excited to see our agents honored in this way for all of their hard work,” said Mark Willis, CEO, Keller Williams Realty. “We certainly wouldn’t have been included on either list without the dedication and resolve of our agents.”
According to the ranking in Entrepreneur magazine, the most important criteria to determine the top franchises included financial strength and stability, as well as growth rate and size of the franchise system. The magazine also looked at the number of years the company has been in business and the length of time it’s been franchising, in addition to start-up costs and financial data. Additionally, Keller Williams Realty made an impressive showing on the overall list, placing higher than any other real estate franchise.
The Swanepoel TRENDS Report is published by Stefan Swanepoel, a real estate industry speaker and insider. The survey was crafted to determine the Most Recognizable Brand for Real Estate Franchises for his report out in February 2010. The survey included votes cast by 11,000 plus real estate agents, who cast 390,000 votes to select the top 10.
Earlier in the year,Keller Williams Realty also received the highest overall satisfaction ratings from home buyers among the largest full-service real estate firms from J.D. Power and Associates for the second year in a row.
“We are extremely proud that our associates and company are being recognized for our strength and stability during this time in our industry,” said Mary Tennant, president and COO, Keller Williams Realty. “We attribute our success to being in business with phenomenal people and to our core business models, which have allowed our franchises to thrive during any market.”
###
About Keller Williams Realty Inc.:
Founded in 1983, Keller Williams Realty Inc. is the third-largest real estate franchise operation in the United States, with 679 offices and 73,000 associates in the United States and Canada. The company, which began franchising in 1990, has an agent-centric culture that emphasizes access to leading-edge education and promotes an economic model that rewards associates as stakeholders and partners. For more information, visit Keller Williams Realty online at (www.kw.com).
Rob Alley, Realtor at Keller Williams Charlottesville
540-250-3275 (cell)
roballeyrealtor@gmail.com
http://www.robsellscharlottesville.com
http://www.forestlakesliving.com
http://www.charlottesvillevarealestate.blogspot.com
http://www.charlottesvilleshortsale.com
http://www.theaverygroup.com
Friday, October 9, 2009
2009 3rd Qtr CAAR Market Report - Charlottesville Real Estate Update and Central Virginia
2009 3rd Quarter CAAR Market Report. Here is the 3rd quarter market report for the Charlottesville Real Estate Market and Central Virginia.
2009 3rd Qtr CAAR Market Report
Rob Alley, Realtor at Keller Williams Charlottesville
540-250-3275 (cell)
roballeyrealtor@gmail.com
http://www.robsellscharlottesville.com/
http://www.forestlakesliving.com/
http://www.charlottesvillevarealestate.blogspot.com/
http://www.charlottesvilleshortsale.com/
http://www.theaverygroup.com/
2009 3rd Qtr CAAR Market Report
Rob Alley, Realtor at Keller Williams Charlottesville
540-250-3275 (cell)
roballeyrealtor@gmail.com
http://www.robsellscharlottesville.com/
http://www.forestlakesliving.com/
http://www.charlottesvillevarealestate.blogspot.com/
http://www.charlottesvilleshortsale.com/
http://www.theaverygroup.com/
2009 3rd Qtr CAAR Market Report - Charlottesville Real Estate Update and Central Virginia
2009 3rd Quarter CAAR Market Report. Here is the 3rd quarter market report for the Charlottesville Real Estate Market and Central Virginia.
2009 3rd Qtr CAAR Market Report
Rob Alley, Realtor at Keller Williams Charlottesville
540-250-3275 (cell)
roballeyrealtor@gmail.com
http://www.robsellscharlottesville.com/
http://www.forestlakesliving.com/
http://www.charlottesvillevarealestate.blogspot.com/
http://www.charlottesvilleshortsale.com/
http://www.theaverygroup.com/
2009 3rd Qtr CAAR Market Report
Rob Alley, Realtor at Keller Williams Charlottesville
540-250-3275 (cell)
roballeyrealtor@gmail.com
http://www.robsellscharlottesville.com/
http://www.forestlakesliving.com/
http://www.charlottesvillevarealestate.blogspot.com/
http://www.charlottesvilleshortsale.com/
http://www.theaverygroup.com/
Monday, September 14, 2009
Virginia Foreclosure Update
Virginia Foreclosure Update
Here are the overall stats for the state of Virginia:
29,644 Foreclosure Homes
$246,031 Average Foreclosure Sales Price
Virginia foreclosures currently ranks 19 out of 50 states for foreclosure filings according to Realtytrac.com
Take notice of the average sales price for these.
Rob Alley, Realtor at Keller Williams Charlottesville
540-250-3275 (cell)
roballeyrealtor@gmail.com
http://www.robsellscharlottesville.com
http://www.forestlakesliving.com
http://www.charlottesvillevarealestate.blogspot.com
http://www.charlottesvilleshortsale.com
http://www.theaverygroup.com
Here are the overall stats for the state of Virginia:
29,644 Foreclosure Homes
$246,031 Average Foreclosure Sales Price
Virginia foreclosures currently ranks 19 out of 50 states for foreclosure filings according to Realtytrac.com
Take notice of the average sales price for these.
Rob Alley, Realtor at Keller Williams Charlottesville
540-250-3275 (cell)
roballeyrealtor@gmail.com
http://www.robsellscharlottesville.com
http://www.forestlakesliving.com
http://www.charlottesvillevarealestate.blogspot.com
http://www.charlottesvilleshortsale.com
http://www.theaverygroup.com
Virginia Foreclosure Update
Virginia Foreclosure Update
Here are the overall stats for the state of Virginia:
29,644 Foreclosure Homes
$246,031 Average Foreclosure Sales Price
Virginia foreclosures currently ranks 19 out of 50 states for foreclosure filings according to Realtytrac.com
Take notice of the average sales price for these.
Rob Alley, Realtor at Keller Williams Charlottesville
540-250-3275 (cell)
roballeyrealtor@gmail.com
http://www.robsellscharlottesville.com
http://www.forestlakesliving.com
http://www.charlottesvillevarealestate.blogspot.com
http://www.charlottesvilleshortsale.com
http://www.theaverygroup.com
Here are the overall stats for the state of Virginia:
29,644 Foreclosure Homes
$246,031 Average Foreclosure Sales Price
Virginia foreclosures currently ranks 19 out of 50 states for foreclosure filings according to Realtytrac.com
Take notice of the average sales price for these.
Rob Alley, Realtor at Keller Williams Charlottesville
540-250-3275 (cell)
roballeyrealtor@gmail.com
http://www.robsellscharlottesville.com
http://www.forestlakesliving.com
http://www.charlottesvillevarealestate.blogspot.com
http://www.charlottesvilleshortsale.com
http://www.theaverygroup.com
Tuesday, August 18, 2009
New Home Construction Declines in July
New home construction unexpectedly declined last month - Do we really think the experts know what they are talking about?
New Home Construction Unexpectedly Declines in July
By Renae Merle
Washington Post Staff Writer
Tuesday, August 18, 2009 11:51 AM
New-home construction unexpectedly declined last month, despite continued improvement in the market for single-family homes, according to government data released Tuesday.
Housing starts fell by 1 percent from June's level, to an annualized rate of 581,000. compared with June Construction was down 37.7 percent from a year earlier, according to the Commerce Department data. Analysts had expected construction starts to increase.
But those figures were dragged down by a 16.7 percent month-to-month drop in construction of multi-unit homes like apartment buildings, traditionally a volatile market. This market continues to be hobbled by the difficultly in securing financing and competition from homeowners unable to sell their properties who then decide to rent their homes, said David Crowe, an economist for the National Association of Home Builders.
Meanwhile, construction of single-family homes rose 1.7 percent compared with June, to an annual pace of 490,000 units. That is the fifth consecutive monthly increase in the single-family market. In another hopeful sign for that market, while construction permits were down overall, they rose 5.8 percent for single-family homes.
The housing market has been buoyed by falling home prices and an $8,000 first-time-buyer tax credit, analysts said. The uptick in permits, for example, reflects growing confidence among builders that the overall market is improving, Crowe said. "That kind of increase suggests that some momentum for the rest of the market is beginning," he said.
The Northeast had the biggest increase in single-family-home construction, 14 percent, while single-family starts were up modestly in the West and down in the Midwest. In the South, which includes the Washington region, construction was flat, up 0.8 percent.
"Construction activity remains low, historically speaking. But evidence continues to mount that the worst of the declines for this cycle are behind us," Mike Larson, real estate analyst at Weiss Research, said in a research note. "Still, that doesn't mean we're going to see a huge resurgence in construction. After all, buyers still have plenty of homes to choose from, and distressed and foreclosed properties will continue to flood the market well into 2010."
Separately, the Producer Price Index -- the prices paid by business to make goods -- was down .9 in July, compared to an increase of 1.8 percent in June, the Labor Department said. Factoring out the volatile food and energy prices, core PPI was down .1 for July.
Producer prices was down a whopping 6.8 percent over the past year, which is worrisome. It marked the biggest decrease in more than 60 years of record-keeping.
Staff writer Frank Ahrens contributed to this report.
http://www.washingtonpost.com/wp-dyn/content/article/2009/08/18/AR2009081801537_pf.html
Rob Alley, Realtor at Keller Williams Charlottesville
540-250-3275 (cell)
roballeyrealtor@gmail.com
http://www.robsellscharlottesville.com
http://www.forestlakesliving.com
http://www.charlottesvillevarealestate.blogspot.com
http://www.charlottesvilleshortsale.com
http://www.theaverygroup.com
New Home Construction Unexpectedly Declines in July
By Renae Merle
Washington Post Staff Writer
Tuesday, August 18, 2009 11:51 AM
New-home construction unexpectedly declined last month, despite continued improvement in the market for single-family homes, according to government data released Tuesday.
Housing starts fell by 1 percent from June's level, to an annualized rate of 581,000. compared with June Construction was down 37.7 percent from a year earlier, according to the Commerce Department data. Analysts had expected construction starts to increase.
But those figures were dragged down by a 16.7 percent month-to-month drop in construction of multi-unit homes like apartment buildings, traditionally a volatile market. This market continues to be hobbled by the difficultly in securing financing and competition from homeowners unable to sell their properties who then decide to rent their homes, said David Crowe, an economist for the National Association of Home Builders.
Meanwhile, construction of single-family homes rose 1.7 percent compared with June, to an annual pace of 490,000 units. That is the fifth consecutive monthly increase in the single-family market. In another hopeful sign for that market, while construction permits were down overall, they rose 5.8 percent for single-family homes.
The housing market has been buoyed by falling home prices and an $8,000 first-time-buyer tax credit, analysts said. The uptick in permits, for example, reflects growing confidence among builders that the overall market is improving, Crowe said. "That kind of increase suggests that some momentum for the rest of the market is beginning," he said.
The Northeast had the biggest increase in single-family-home construction, 14 percent, while single-family starts were up modestly in the West and down in the Midwest. In the South, which includes the Washington region, construction was flat, up 0.8 percent.
"Construction activity remains low, historically speaking. But evidence continues to mount that the worst of the declines for this cycle are behind us," Mike Larson, real estate analyst at Weiss Research, said in a research note. "Still, that doesn't mean we're going to see a huge resurgence in construction. After all, buyers still have plenty of homes to choose from, and distressed and foreclosed properties will continue to flood the market well into 2010."
Separately, the Producer Price Index -- the prices paid by business to make goods -- was down .9 in July, compared to an increase of 1.8 percent in June, the Labor Department said. Factoring out the volatile food and energy prices, core PPI was down .1 for July.
Producer prices was down a whopping 6.8 percent over the past year, which is worrisome. It marked the biggest decrease in more than 60 years of record-keeping.
Staff writer Frank Ahrens contributed to this report.
http://www.washingtonpost.com/wp-dyn/content/article/2009/08/18/AR2009081801537_pf.html
Rob Alley, Realtor at Keller Williams Charlottesville
540-250-3275 (cell)
roballeyrealtor@gmail.com
http://www.robsellscharlottesville.com
http://www.forestlakesliving.com
http://www.charlottesvillevarealestate.blogspot.com
http://www.charlottesvilleshortsale.com
http://www.theaverygroup.com
New Home Construction Declines in July
New home construction unexpectedly declined last month - Do we really think the experts know what they are talking about?
New Home Construction Unexpectedly Declines in July
By Renae Merle
Washington Post Staff Writer
Tuesday, August 18, 2009 11:51 AM
New-home construction unexpectedly declined last month, despite continued improvement in the market for single-family homes, according to government data released Tuesday.
Housing starts fell by 1 percent from June's level, to an annualized rate of 581,000. compared with June Construction was down 37.7 percent from a year earlier, according to the Commerce Department data. Analysts had expected construction starts to increase.
But those figures were dragged down by a 16.7 percent month-to-month drop in construction of multi-unit homes like apartment buildings, traditionally a volatile market. This market continues to be hobbled by the difficultly in securing financing and competition from homeowners unable to sell their properties who then decide to rent their homes, said David Crowe, an economist for the National Association of Home Builders.
Meanwhile, construction of single-family homes rose 1.7 percent compared with June, to an annual pace of 490,000 units. That is the fifth consecutive monthly increase in the single-family market. In another hopeful sign for that market, while construction permits were down overall, they rose 5.8 percent for single-family homes.
The housing market has been buoyed by falling home prices and an $8,000 first-time-buyer tax credit, analysts said. The uptick in permits, for example, reflects growing confidence among builders that the overall market is improving, Crowe said. "That kind of increase suggests that some momentum for the rest of the market is beginning," he said.
The Northeast had the biggest increase in single-family-home construction, 14 percent, while single-family starts were up modestly in the West and down in the Midwest. In the South, which includes the Washington region, construction was flat, up 0.8 percent.
"Construction activity remains low, historically speaking. But evidence continues to mount that the worst of the declines for this cycle are behind us," Mike Larson, real estate analyst at Weiss Research, said in a research note. "Still, that doesn't mean we're going to see a huge resurgence in construction. After all, buyers still have plenty of homes to choose from, and distressed and foreclosed properties will continue to flood the market well into 2010."
Separately, the Producer Price Index -- the prices paid by business to make goods -- was down .9 in July, compared to an increase of 1.8 percent in June, the Labor Department said. Factoring out the volatile food and energy prices, core PPI was down .1 for July.
Producer prices was down a whopping 6.8 percent over the past year, which is worrisome. It marked the biggest decrease in more than 60 years of record-keeping.
Staff writer Frank Ahrens contributed to this report.
http://www.washingtonpost.com/wp-dyn/content/article/2009/08/18/AR2009081801537_pf.html
Rob Alley, Realtor at Keller Williams Charlottesville
540-250-3275 (cell)
roballeyrealtor@gmail.com
http://www.robsellscharlottesville.com
http://www.forestlakesliving.com
http://www.charlottesvillevarealestate.blogspot.com
http://www.charlottesvilleshortsale.com
http://www.theaverygroup.com
New Home Construction Unexpectedly Declines in July
By Renae Merle
Washington Post Staff Writer
Tuesday, August 18, 2009 11:51 AM
New-home construction unexpectedly declined last month, despite continued improvement in the market for single-family homes, according to government data released Tuesday.
Housing starts fell by 1 percent from June's level, to an annualized rate of 581,000. compared with June Construction was down 37.7 percent from a year earlier, according to the Commerce Department data. Analysts had expected construction starts to increase.
But those figures were dragged down by a 16.7 percent month-to-month drop in construction of multi-unit homes like apartment buildings, traditionally a volatile market. This market continues to be hobbled by the difficultly in securing financing and competition from homeowners unable to sell their properties who then decide to rent their homes, said David Crowe, an economist for the National Association of Home Builders.
Meanwhile, construction of single-family homes rose 1.7 percent compared with June, to an annual pace of 490,000 units. That is the fifth consecutive monthly increase in the single-family market. In another hopeful sign for that market, while construction permits were down overall, they rose 5.8 percent for single-family homes.
The housing market has been buoyed by falling home prices and an $8,000 first-time-buyer tax credit, analysts said. The uptick in permits, for example, reflects growing confidence among builders that the overall market is improving, Crowe said. "That kind of increase suggests that some momentum for the rest of the market is beginning," he said.
The Northeast had the biggest increase in single-family-home construction, 14 percent, while single-family starts were up modestly in the West and down in the Midwest. In the South, which includes the Washington region, construction was flat, up 0.8 percent.
"Construction activity remains low, historically speaking. But evidence continues to mount that the worst of the declines for this cycle are behind us," Mike Larson, real estate analyst at Weiss Research, said in a research note. "Still, that doesn't mean we're going to see a huge resurgence in construction. After all, buyers still have plenty of homes to choose from, and distressed and foreclosed properties will continue to flood the market well into 2010."
Separately, the Producer Price Index -- the prices paid by business to make goods -- was down .9 in July, compared to an increase of 1.8 percent in June, the Labor Department said. Factoring out the volatile food and energy prices, core PPI was down .1 for July.
Producer prices was down a whopping 6.8 percent over the past year, which is worrisome. It marked the biggest decrease in more than 60 years of record-keeping.
Staff writer Frank Ahrens contributed to this report.
http://www.washingtonpost.com/wp-dyn/content/article/2009/08/18/AR2009081801537_pf.html
Rob Alley, Realtor at Keller Williams Charlottesville
540-250-3275 (cell)
roballeyrealtor@gmail.com
http://www.robsellscharlottesville.com
http://www.forestlakesliving.com
http://www.charlottesvillevarealestate.blogspot.com
http://www.charlottesvilleshortsale.com
http://www.theaverygroup.com
Sunday, July 26, 2009
Mortgage Rates Upcoming Week
What to expect this week with Mortgage Rates in Charlottesville and the rest of Virginia
There are several important reports scheduled for release this week that are likely to affect mortgage pricing. The first is tomorrow's release of June's New Home Sales that gives us a measurement of housing sector strength and mortgage credit demand. It is expected to show an increase in sales of newly constructed homes, indicating that the housing sector gained some strength. That would be considered negative news for bonds, but since this data tracks only 25% of all home sales it usually has little impact on the bond market and mortgage rates unless it varies greatly from forecasts.
The Conference Board will post their Consumer Confidence Index (CCI) for July late Tuesday morning. This index measures consumer sentiment, giving us an idea of consumer willingness to spend. This is important because consumer spending makes up two-thirds of the U.S. economy. If the CCI reading is weaker than expected, we may see bond prices rise and mortgage rates drop Tuesd ay. Current forecasts are calling for a reading of 48.7, which would be a lightly lower reading than June's reading.
Wednesday brings us two events that are relevant to mortgage rates. The first will come from the Commerce Department when they will post June's Durable Goods Orders at 8:30 AM ET. Current forecasts are currently calling for a decline in news orders of 0.5% from May to June. This data gives us an indication of manufacturing sector strength by tracking orders at U.S. factories for big-ticket items. These are products that are expected to last at least three years. A stronger than expected number may lead to higher mortgage rates Wednesday morning. If it reveals a much larger than expected decline, mortgage rates should drop. It should be noted that this data is known to be extremely volatile from month to month, so a minor difference between forecasts and the actual reading may not move mortgage rates much.
The Federal Reserve will release its Beige Book report Wednesday afternoon. This report is named simply after the color of its cover, but it is considered to be important to the Fed when determining monetary policy during their FOMC meetings. It details economic activity and conditions by region throughout the U.S. Since Fed Chairman Ben Bernanke's testimony to Congress last week gave us a recent update, I don't think we will see any significant surprises in this report. Therefore, we will likely see little movement in mortgage rates Wednesday afternoon as a result of this report.
There is no relevant monthly or quarterly data scheduled for release Thursday, but there are two releases scheduled to be posted Friday morning. The first is the preliminary reading of the 2nd Quarter Gross Domestic Product (GDP), which is considered to be the best indicator of economic activity. It is the sum of all goods and services produced in the U.S. and usually has a great deal of influence on the financial markets. This reading is arguably the single most important we get regularly. Current forecasts are estimating that the economy shrank at a 1.5% annual rate during the second quarter. A smaller decline will probably hurt bond prices, leading to higher mortgage rates Friday. But a larger than expected decline would likely fuel a bond market rally and lead to lower mortgage pricing.
The second report of the day Friday is the 2nd Quarter Employment Cost Index (ECI) that measures employers' costs for wages and benefits. It is considered to be an important measurement of wage inflation and can have a pretty big impact on the bond market and mortgage rates if it varies much from forecasts. If it shows a rapid increase, raising inflation concerns, the bond market may drop and mortgage rates rise. It is expected to reveal an increase of 0.3%.
Also worth mentioning are a couple of Treasury auctions that may affect bond tradi ng and mortgage rates this week. The two most important are Wednesday's 5-year Note and Thursday's 7-year Note sales. The last auctions of these securities were met with very good demand from investors. That led to bond strength following the sales. Results of this week's auctions will be posted 1:00 PM ET each day. If investor interest is strong again, we can expect the broader bond market to rally and mortgage rates to move lower. However, lackluster demand could lead to bond selling and higher mortgage rates Wednesday and Thursday afternoons.
Overall, it likely will be a fairly active week in the mortgage market. With several important economic reports on tap, we will likely see noticeable movement in mortgage rates more than one day. The most important report of the week is Friday's preliminary GDP reading, making it one of the most important days of the week. But it is difficult to say which day we can expect to see the most movement in rates as several of releases and scheduled events have the potential to influence mortgage rates.
If I were considering financing/refinancing a home, I would.... Lock if my closing was taking place within 7 days... Lock if my closing was taking place between 8 and 20 days... Float if my closing was taking place between 21 and 60 days... Float if my closing was taking place over 60 days from now... This is only my opinion of what I would do if I were financing a home. It is only an opinion and cannot be guaranteed to be in the best interest of all/any other borrowers.
Rob Alley, Realtor at Keller Williams Charlottesville
540-250-3275 (cell)
roballeyrealtor@gmail.com
http://www.robsellscharlottesville.com
http://www.forestlakesliving.com
http://www.charlottesvillevarealestate.blogspot.com
http://www.charlottesvilleshortsale.com
http://www.theaverygroup.com
There are several important reports scheduled for release this week that are likely to affect mortgage pricing. The first is tomorrow's release of June's New Home Sales that gives us a measurement of housing sector strength and mortgage credit demand. It is expected to show an increase in sales of newly constructed homes, indicating that the housing sector gained some strength. That would be considered negative news for bonds, but since this data tracks only 25% of all home sales it usually has little impact on the bond market and mortgage rates unless it varies greatly from forecasts.
The Conference Board will post their Consumer Confidence Index (CCI) for July late Tuesday morning. This index measures consumer sentiment, giving us an idea of consumer willingness to spend. This is important because consumer spending makes up two-thirds of the U.S. economy. If the CCI reading is weaker than expected, we may see bond prices rise and mortgage rates drop Tuesd ay. Current forecasts are calling for a reading of 48.7, which would be a lightly lower reading than June's reading.
Wednesday brings us two events that are relevant to mortgage rates. The first will come from the Commerce Department when they will post June's Durable Goods Orders at 8:30 AM ET. Current forecasts are currently calling for a decline in news orders of 0.5% from May to June. This data gives us an indication of manufacturing sector strength by tracking orders at U.S. factories for big-ticket items. These are products that are expected to last at least three years. A stronger than expected number may lead to higher mortgage rates Wednesday morning. If it reveals a much larger than expected decline, mortgage rates should drop. It should be noted that this data is known to be extremely volatile from month to month, so a minor difference between forecasts and the actual reading may not move mortgage rates much.
The Federal Reserve will release its Beige Book report Wednesday afternoon. This report is named simply after the color of its cover, but it is considered to be important to the Fed when determining monetary policy during their FOMC meetings. It details economic activity and conditions by region throughout the U.S. Since Fed Chairman Ben Bernanke's testimony to Congress last week gave us a recent update, I don't think we will see any significant surprises in this report. Therefore, we will likely see little movement in mortgage rates Wednesday afternoon as a result of this report.
There is no relevant monthly or quarterly data scheduled for release Thursday, but there are two releases scheduled to be posted Friday morning. The first is the preliminary reading of the 2nd Quarter Gross Domestic Product (GDP), which is considered to be the best indicator of economic activity. It is the sum of all goods and services produced in the U.S. and usually has a great deal of influence on the financial markets. This reading is arguably the single most important we get regularly. Current forecasts are estimating that the economy shrank at a 1.5% annual rate during the second quarter. A smaller decline will probably hurt bond prices, leading to higher mortgage rates Friday. But a larger than expected decline would likely fuel a bond market rally and lead to lower mortgage pricing.
The second report of the day Friday is the 2nd Quarter Employment Cost Index (ECI) that measures employers' costs for wages and benefits. It is considered to be an important measurement of wage inflation and can have a pretty big impact on the bond market and mortgage rates if it varies much from forecasts. If it shows a rapid increase, raising inflation concerns, the bond market may drop and mortgage rates rise. It is expected to reveal an increase of 0.3%.
Also worth mentioning are a couple of Treasury auctions that may affect bond tradi ng and mortgage rates this week. The two most important are Wednesday's 5-year Note and Thursday's 7-year Note sales. The last auctions of these securities were met with very good demand from investors. That led to bond strength following the sales. Results of this week's auctions will be posted 1:00 PM ET each day. If investor interest is strong again, we can expect the broader bond market to rally and mortgage rates to move lower. However, lackluster demand could lead to bond selling and higher mortgage rates Wednesday and Thursday afternoons.
Overall, it likely will be a fairly active week in the mortgage market. With several important economic reports on tap, we will likely see noticeable movement in mortgage rates more than one day. The most important report of the week is Friday's preliminary GDP reading, making it one of the most important days of the week. But it is difficult to say which day we can expect to see the most movement in rates as several of releases and scheduled events have the potential to influence mortgage rates.
If I were considering financing/refinancing a home, I would.... Lock if my closing was taking place within 7 days... Lock if my closing was taking place between 8 and 20 days... Float if my closing was taking place between 21 and 60 days... Float if my closing was taking place over 60 days from now... This is only my opinion of what I would do if I were financing a home. It is only an opinion and cannot be guaranteed to be in the best interest of all/any other borrowers.
Rob Alley, Realtor at Keller Williams Charlottesville
540-250-3275 (cell)
roballeyrealtor@gmail.com
http://www.robsellscharlottesville.com
http://www.forestlakesliving.com
http://www.charlottesvillevarealestate.blogspot.com
http://www.charlottesvilleshortsale.com
http://www.theaverygroup.com
Mortgage Rates Upcoming Week
What to expect this week with Mortgage Rates in Charlottesville and the rest of Virginia
There are several important reports scheduled for release this week that are likely to affect mortgage pricing. The first is tomorrow's release of June's New Home Sales that gives us a measurement of housing sector strength and mortgage credit demand. It is expected to show an increase in sales of newly constructed homes, indicating that the housing sector gained some strength. That would be considered negative news for bonds, but since this data tracks only 25% of all home sales it usually has little impact on the bond market and mortgage rates unless it varies greatly from forecasts.
The Conference Board will post their Consumer Confidence Index (CCI) for July late Tuesday morning. This index measures consumer sentiment, giving us an idea of consumer willingness to spend. This is important because consumer spending makes up two-thirds of the U.S. economy. If the CCI reading is weaker than expected, we may see bond prices rise and mortgage rates drop Tuesd ay. Current forecasts are calling for a reading of 48.7, which would be a lightly lower reading than June's reading.
Wednesday brings us two events that are relevant to mortgage rates. The first will come from the Commerce Department when they will post June's Durable Goods Orders at 8:30 AM ET. Current forecasts are currently calling for a decline in news orders of 0.5% from May to June. This data gives us an indication of manufacturing sector strength by tracking orders at U.S. factories for big-ticket items. These are products that are expected to last at least three years. A stronger than expected number may lead to higher mortgage rates Wednesday morning. If it reveals a much larger than expected decline, mortgage rates should drop. It should be noted that this data is known to be extremely volatile from month to month, so a minor difference between forecasts and the actual reading may not move mortgage rates much.
The Federal Reserve will release its Beige Book report Wednesday afternoon. This report is named simply after the color of its cover, but it is considered to be important to the Fed when determining monetary policy during their FOMC meetings. It details economic activity and conditions by region throughout the U.S. Since Fed Chairman Ben Bernanke's testimony to Congress last week gave us a recent update, I don't think we will see any significant surprises in this report. Therefore, we will likely see little movement in mortgage rates Wednesday afternoon as a result of this report.
There is no relevant monthly or quarterly data scheduled for release Thursday, but there are two releases scheduled to be posted Friday morning. The first is the preliminary reading of the 2nd Quarter Gross Domestic Product (GDP), which is considered to be the best indicator of economic activity. It is the sum of all goods and services produced in the U.S. and usually has a great deal of influence on the financial markets. This reading is arguably the single most important we get regularly. Current forecasts are estimating that the economy shrank at a 1.5% annual rate during the second quarter. A smaller decline will probably hurt bond prices, leading to higher mortgage rates Friday. But a larger than expected decline would likely fuel a bond market rally and lead to lower mortgage pricing.
The second report of the day Friday is the 2nd Quarter Employment Cost Index (ECI) that measures employers' costs for wages and benefits. It is considered to be an important measurement of wage inflation and can have a pretty big impact on the bond market and mortgage rates if it varies much from forecasts. If it shows a rapid increase, raising inflation concerns, the bond market may drop and mortgage rates rise. It is expected to reveal an increase of 0.3%.
Also worth mentioning are a couple of Treasury auctions that may affect bond tradi ng and mortgage rates this week. The two most important are Wednesday's 5-year Note and Thursday's 7-year Note sales. The last auctions of these securities were met with very good demand from investors. That led to bond strength following the sales. Results of this week's auctions will be posted 1:00 PM ET each day. If investor interest is strong again, we can expect the broader bond market to rally and mortgage rates to move lower. However, lackluster demand could lead to bond selling and higher mortgage rates Wednesday and Thursday afternoons.
Overall, it likely will be a fairly active week in the mortgage market. With several important economic reports on tap, we will likely see noticeable movement in mortgage rates more than one day. The most important report of the week is Friday's preliminary GDP reading, making it one of the most important days of the week. But it is difficult to say which day we can expect to see the most movement in rates as several of releases and scheduled events have the potential to influence mortgage rates.
If I were considering financing/refinancing a home, I would.... Lock if my closing was taking place within 7 days... Lock if my closing was taking place between 8 and 20 days... Float if my closing was taking place between 21 and 60 days... Float if my closing was taking place over 60 days from now... This is only my opinion of what I would do if I were financing a home. It is only an opinion and cannot be guaranteed to be in the best interest of all/any other borrowers.
Rob Alley, Realtor at Keller Williams Charlottesville
540-250-3275 (cell)
roballeyrealtor@gmail.com
http://www.robsellscharlottesville.com
http://www.forestlakesliving.com
http://www.charlottesvillevarealestate.blogspot.com
http://www.charlottesvilleshortsale.com
http://www.theaverygroup.com
There are several important reports scheduled for release this week that are likely to affect mortgage pricing. The first is tomorrow's release of June's New Home Sales that gives us a measurement of housing sector strength and mortgage credit demand. It is expected to show an increase in sales of newly constructed homes, indicating that the housing sector gained some strength. That would be considered negative news for bonds, but since this data tracks only 25% of all home sales it usually has little impact on the bond market and mortgage rates unless it varies greatly from forecasts.
The Conference Board will post their Consumer Confidence Index (CCI) for July late Tuesday morning. This index measures consumer sentiment, giving us an idea of consumer willingness to spend. This is important because consumer spending makes up two-thirds of the U.S. economy. If the CCI reading is weaker than expected, we may see bond prices rise and mortgage rates drop Tuesd ay. Current forecasts are calling for a reading of 48.7, which would be a lightly lower reading than June's reading.
Wednesday brings us two events that are relevant to mortgage rates. The first will come from the Commerce Department when they will post June's Durable Goods Orders at 8:30 AM ET. Current forecasts are currently calling for a decline in news orders of 0.5% from May to June. This data gives us an indication of manufacturing sector strength by tracking orders at U.S. factories for big-ticket items. These are products that are expected to last at least three years. A stronger than expected number may lead to higher mortgage rates Wednesday morning. If it reveals a much larger than expected decline, mortgage rates should drop. It should be noted that this data is known to be extremely volatile from month to month, so a minor difference between forecasts and the actual reading may not move mortgage rates much.
The Federal Reserve will release its Beige Book report Wednesday afternoon. This report is named simply after the color of its cover, but it is considered to be important to the Fed when determining monetary policy during their FOMC meetings. It details economic activity and conditions by region throughout the U.S. Since Fed Chairman Ben Bernanke's testimony to Congress last week gave us a recent update, I don't think we will see any significant surprises in this report. Therefore, we will likely see little movement in mortgage rates Wednesday afternoon as a result of this report.
There is no relevant monthly or quarterly data scheduled for release Thursday, but there are two releases scheduled to be posted Friday morning. The first is the preliminary reading of the 2nd Quarter Gross Domestic Product (GDP), which is considered to be the best indicator of economic activity. It is the sum of all goods and services produced in the U.S. and usually has a great deal of influence on the financial markets. This reading is arguably the single most important we get regularly. Current forecasts are estimating that the economy shrank at a 1.5% annual rate during the second quarter. A smaller decline will probably hurt bond prices, leading to higher mortgage rates Friday. But a larger than expected decline would likely fuel a bond market rally and lead to lower mortgage pricing.
The second report of the day Friday is the 2nd Quarter Employment Cost Index (ECI) that measures employers' costs for wages and benefits. It is considered to be an important measurement of wage inflation and can have a pretty big impact on the bond market and mortgage rates if it varies much from forecasts. If it shows a rapid increase, raising inflation concerns, the bond market may drop and mortgage rates rise. It is expected to reveal an increase of 0.3%.
Also worth mentioning are a couple of Treasury auctions that may affect bond tradi ng and mortgage rates this week. The two most important are Wednesday's 5-year Note and Thursday's 7-year Note sales. The last auctions of these securities were met with very good demand from investors. That led to bond strength following the sales. Results of this week's auctions will be posted 1:00 PM ET each day. If investor interest is strong again, we can expect the broader bond market to rally and mortgage rates to move lower. However, lackluster demand could lead to bond selling and higher mortgage rates Wednesday and Thursday afternoons.
Overall, it likely will be a fairly active week in the mortgage market. With several important economic reports on tap, we will likely see noticeable movement in mortgage rates more than one day. The most important report of the week is Friday's preliminary GDP reading, making it one of the most important days of the week. But it is difficult to say which day we can expect to see the most movement in rates as several of releases and scheduled events have the potential to influence mortgage rates.
If I were considering financing/refinancing a home, I would.... Lock if my closing was taking place within 7 days... Lock if my closing was taking place between 8 and 20 days... Float if my closing was taking place between 21 and 60 days... Float if my closing was taking place over 60 days from now... This is only my opinion of what I would do if I were financing a home. It is only an opinion and cannot be guaranteed to be in the best interest of all/any other borrowers.
Rob Alley, Realtor at Keller Williams Charlottesville
540-250-3275 (cell)
roballeyrealtor@gmail.com
http://www.robsellscharlottesville.com
http://www.forestlakesliving.com
http://www.charlottesvillevarealestate.blogspot.com
http://www.charlottesvilleshortsale.com
http://www.theaverygroup.com
Thursday, July 2, 2009
Goodbye Roy Wheeler, Hello Keller Williams
Now that its official, I can make the announcement that Cynthia and I have left Roy Wheeler Realty Co and joined Keller Williams Realty in Charlottesville.
We enjoyed our time at Roy Wheeler as well as working with the Managing Broker, Michael Guthrie, and the other agents. Roy Wheeler helped us to reach the next level in our business and we appreciate that very much.
Cynthia and I took a long time to make this decision and interviewed with several companies in the Charlottesville area. We ended up deciding on Keller Williams for a number of reasons. First, they are a national company and believe in the sharing of information and education. This is huge. The company studies the Real Estate Market, trends, and where they need to be to succeed in any market. One step better than that, they show the agents that information and train them on how to succeed in that market. We believe Charlottesville and Central Virginia is trending the same way that Northern Virginia did in 2007. Since we believe this is the case, our market will be driven by REOs and Short Sales in the near future and felt we needed to position ourselves correctly for that market shift. We are excited to work with and learn from (and maybe compete with :)) agents like Steve Bradley, a Short Sale expert and a Keller Williams Mega Agent, and Debbi Gorham, a REO expert and a Keller Williams Mega Agent, in Northern Virginia. Both believe heavily in the Keller Williams model of helping and training other agents to do what they are doing and we are fired up to add their expertise to our current system.
Keller Williams also believes in the same marketing methods that Cynthia and I believe in. We track our statistics very closely and we know what it is working for us when it comes to selling houses. The newspaper ads are returning less than a 1% Return on Investment (ROI). Newspaper advertising is not as effective as it once was. It's no secret that most home buyers are starting their search online and we can reference a number of reports whether that be from NAR, VAR, CAAR, our own brokers, and most importantly our clients. Most traditional brokerage models put that responsibility onto the individual agents to set up websites, create feeds for listing syndication like Trulia, Zillow, Homes.com and other popular sites to gain exposure to your home. Keller Williams has a program just for this that syndicates to every major website that potential home buyers are scouring for homes. What would you prefer? A company that advertises in a newspaper that reaches 38,000 people in an area with a population of 148,000 people (roughly 25% of the population) or the company that gets you exposure to the places that 82% of home buyers start their search?
Lastly, Keller Williams has offered Cynthia a leadership role in the company once she passes the Broker exam. This is the best decision available for her career in the Charlottesville Real Estate Market and her family.
In conclusion, we feel the move to Keller Williams from Roy Wheeler will be better for our business, our clients, and our families. I hope to have your support and patience as we work with Michael Guthrie at Roy Wheeler and Matthew Durbin at Keller Williams to make this transition as smooth as possible for everyone involved.
Rob Alley, Realtor at Keller Williams Charlottesville
540-250-3275 (cell)
roballey@roywheeler.com
http://www.robsellscharlottesville.com/
http://www.forestlakesliving.com/
http://www.charlottesvillevarealestate.blogspot.com/
http://www.charlottesvilleshortsale.com/
We enjoyed our time at Roy Wheeler as well as working with the Managing Broker, Michael Guthrie, and the other agents. Roy Wheeler helped us to reach the next level in our business and we appreciate that very much.
Cynthia and I took a long time to make this decision and interviewed with several companies in the Charlottesville area. We ended up deciding on Keller Williams for a number of reasons. First, they are a national company and believe in the sharing of information and education. This is huge. The company studies the Real Estate Market, trends, and where they need to be to succeed in any market. One step better than that, they show the agents that information and train them on how to succeed in that market. We believe Charlottesville and Central Virginia is trending the same way that Northern Virginia did in 2007. Since we believe this is the case, our market will be driven by REOs and Short Sales in the near future and felt we needed to position ourselves correctly for that market shift. We are excited to work with and learn from (and maybe compete with :)) agents like Steve Bradley, a Short Sale expert and a Keller Williams Mega Agent, and Debbi Gorham, a REO expert and a Keller Williams Mega Agent, in Northern Virginia. Both believe heavily in the Keller Williams model of helping and training other agents to do what they are doing and we are fired up to add their expertise to our current system.
Keller Williams also believes in the same marketing methods that Cynthia and I believe in. We track our statistics very closely and we know what it is working for us when it comes to selling houses. The newspaper ads are returning less than a 1% Return on Investment (ROI). Newspaper advertising is not as effective as it once was. It's no secret that most home buyers are starting their search online and we can reference a number of reports whether that be from NAR, VAR, CAAR, our own brokers, and most importantly our clients. Most traditional brokerage models put that responsibility onto the individual agents to set up websites, create feeds for listing syndication like Trulia, Zillow, Homes.com and other popular sites to gain exposure to your home. Keller Williams has a program just for this that syndicates to every major website that potential home buyers are scouring for homes. What would you prefer? A company that advertises in a newspaper that reaches 38,000 people in an area with a population of 148,000 people (roughly 25% of the population) or the company that gets you exposure to the places that 82% of home buyers start their search?
Lastly, Keller Williams has offered Cynthia a leadership role in the company once she passes the Broker exam. This is the best decision available for her career in the Charlottesville Real Estate Market and her family.
In conclusion, we feel the move to Keller Williams from Roy Wheeler will be better for our business, our clients, and our families. I hope to have your support and patience as we work with Michael Guthrie at Roy Wheeler and Matthew Durbin at Keller Williams to make this transition as smooth as possible for everyone involved.
Rob Alley, Realtor at Keller Williams Charlottesville
540-250-3275 (cell)
roballey@roywheeler.com
http://www.robsellscharlottesville.com/
http://www.forestlakesliving.com/
http://www.charlottesvillevarealestate.blogspot.com/
http://www.charlottesvilleshortsale.com/
Goodbye Roy Wheeler, Hello Keller Williams
Now that its official, I can make the announcement that Cynthia and I have left Roy Wheeler Realty Co and joined Keller Williams Realty in Charlottesville.
We enjoyed our time at Roy Wheeler as well as working with the Managing Broker, Michael Guthrie, and the other agents. Roy Wheeler helped us to reach the next level in our business and we appreciate that very much.
Cynthia and I took a long time to make this decision and interviewed with several companies in the Charlottesville area. We ended up deciding on Keller Williams for a number of reasons. First, they are a national company and believe in the sharing of information and education. This is huge. The company studies the Real Estate Market, trends, and where they need to be to succeed in any market. One step better than that, they show the agents that information and train them on how to succeed in that market. We believe Charlottesville and Central Virginia is trending the same way that Northern Virginia did in 2007. Since we believe this is the case, our market will be driven by REOs and Short Sales in the near future and felt we needed to position ourselves correctly for that market shift. We are excited to work with and learn from (and maybe compete with :)) agents like Steve Bradley, a Short Sale expert and a Keller Williams Mega Agent, and Debbi Gorham, a REO expert and a Keller Williams Mega Agent, in Northern Virginia. Both believe heavily in the Keller Williams model of helping and training other agents to do what they are doing and we are fired up to add their expertise to our current system.
Keller Williams also believes in the same marketing methods that Cynthia and I believe in. We track our statistics very closely and we know what it is working for us when it comes to selling houses. The newspaper ads are returning less than a 1% Return on Investment (ROI). Newspaper advertising is not as effective as it once was. It's no secret that most home buyers are starting their search online and we can reference a number of reports whether that be from NAR, VAR, CAAR, our own brokers, and most importantly our clients. Most traditional brokerage models put that responsibility onto the individual agents to set up websites, create feeds for listing syndication like Trulia, Zillow, Homes.com and other popular sites to gain exposure to your home. Keller Williams has a program just for this that syndicates to every major website that potential home buyers are scouring for homes. What would you prefer? A company that advertises in a newspaper that reaches 38,000 people in an area with a population of 148,000 people (roughly 25% of the population) or the company that gets you exposure to the places that 82% of home buyers start their search?
Lastly, Keller Williams has offered Cynthia a leadership role in the company once she passes the Broker exam. This is the best decision available for her career in the Charlottesville Real Estate Market and her family.
In conclusion, we feel the move to Keller Williams from Roy Wheeler will be better for our business, our clients, and our families. I hope to have your support and patience as we work with Michael Guthrie at Roy Wheeler and Matthew Durbin at Keller Williams to make this transition as smooth as possible for everyone involved.
Rob Alley, Realtor at Keller Williams Charlottesville
540-250-3275 (cell)
roballey@roywheeler.com
http://www.robsellscharlottesville.com/
http://www.forestlakesliving.com/
http://www.charlottesvillevarealestate.blogspot.com/
http://www.charlottesvilleshortsale.com/
We enjoyed our time at Roy Wheeler as well as working with the Managing Broker, Michael Guthrie, and the other agents. Roy Wheeler helped us to reach the next level in our business and we appreciate that very much.
Cynthia and I took a long time to make this decision and interviewed with several companies in the Charlottesville area. We ended up deciding on Keller Williams for a number of reasons. First, they are a national company and believe in the sharing of information and education. This is huge. The company studies the Real Estate Market, trends, and where they need to be to succeed in any market. One step better than that, they show the agents that information and train them on how to succeed in that market. We believe Charlottesville and Central Virginia is trending the same way that Northern Virginia did in 2007. Since we believe this is the case, our market will be driven by REOs and Short Sales in the near future and felt we needed to position ourselves correctly for that market shift. We are excited to work with and learn from (and maybe compete with :)) agents like Steve Bradley, a Short Sale expert and a Keller Williams Mega Agent, and Debbi Gorham, a REO expert and a Keller Williams Mega Agent, in Northern Virginia. Both believe heavily in the Keller Williams model of helping and training other agents to do what they are doing and we are fired up to add their expertise to our current system.
Keller Williams also believes in the same marketing methods that Cynthia and I believe in. We track our statistics very closely and we know what it is working for us when it comes to selling houses. The newspaper ads are returning less than a 1% Return on Investment (ROI). Newspaper advertising is not as effective as it once was. It's no secret that most home buyers are starting their search online and we can reference a number of reports whether that be from NAR, VAR, CAAR, our own brokers, and most importantly our clients. Most traditional brokerage models put that responsibility onto the individual agents to set up websites, create feeds for listing syndication like Trulia, Zillow, Homes.com and other popular sites to gain exposure to your home. Keller Williams has a program just for this that syndicates to every major website that potential home buyers are scouring for homes. What would you prefer? A company that advertises in a newspaper that reaches 38,000 people in an area with a population of 148,000 people (roughly 25% of the population) or the company that gets you exposure to the places that 82% of home buyers start their search?
Lastly, Keller Williams has offered Cynthia a leadership role in the company once she passes the Broker exam. This is the best decision available for her career in the Charlottesville Real Estate Market and her family.
In conclusion, we feel the move to Keller Williams from Roy Wheeler will be better for our business, our clients, and our families. I hope to have your support and patience as we work with Michael Guthrie at Roy Wheeler and Matthew Durbin at Keller Williams to make this transition as smooth as possible for everyone involved.
Rob Alley, Realtor at Keller Williams Charlottesville
540-250-3275 (cell)
roballey@roywheeler.com
http://www.robsellscharlottesville.com/
http://www.forestlakesliving.com/
http://www.charlottesvillevarealestate.blogspot.com/
http://www.charlottesvilleshortsale.com/
Wednesday, June 24, 2009
HUD releases guidance on Protecting Tenants at Foreclosure Act
HUD releases guidance on Protecting Tenants at Foreclosure Act. Follow the link below for the information:
http://www.hud.gov/offices/adm/hudclips/notices/pih/files/09-17pihn.pdf
Rob Alley, Realtor of The Avery Group at Roy Wheeler
540-250-3275 (cell)
roballey@roywheeler.com
http://www.robsellscharlottesville.com/
http://www.forestlakesliving.com/
http://www.charlottesvillevarealestate.blogspot.com/
http://www.charlottesvilleshortsale.com/
http://www.hud.gov/offices/adm/hudclips/notices/pih/files/09-17pihn.pdf
Rob Alley, Realtor of The Avery Group at Roy Wheeler
540-250-3275 (cell)
roballey@roywheeler.com
http://www.robsellscharlottesville.com/
http://www.forestlakesliving.com/
http://www.charlottesvillevarealestate.blogspot.com/
http://www.charlottesvilleshortsale.com/
HUD releases guidance on Protecting Tenants at Foreclosure Act
HUD releases guidance on Protecting Tenants at Foreclosure Act. Follow the link below for the information:
http://www.hud.gov/offices/adm/hudclips/notices/pih/files/09-17pihn.pdf
Rob Alley, Realtor of The Avery Group at Roy Wheeler
540-250-3275 (cell)
roballey@roywheeler.com
http://www.robsellscharlottesville.com/
http://www.forestlakesliving.com/
http://www.charlottesvillevarealestate.blogspot.com/
http://www.charlottesvilleshortsale.com/
http://www.hud.gov/offices/adm/hudclips/notices/pih/files/09-17pihn.pdf
Rob Alley, Realtor of The Avery Group at Roy Wheeler
540-250-3275 (cell)
roballey@roywheeler.com
http://www.robsellscharlottesville.com/
http://www.forestlakesliving.com/
http://www.charlottesvillevarealestate.blogspot.com/
http://www.charlottesvilleshortsale.com/
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