BUSY BUSY BUSY

[CHARLIE VAN FLEET]

HEY ALL

i am busier then a one legged man in an ass kicking contest--hope you are the same--haven't had a day off since march 25th. have only played 27 holes of golf since then--what happened to my retirement and inspections just to keep me out of trouble

FOUR

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[Marc M]

"i am busier then a one legged man in an ass kicking contest" That's funny...gonna have to use it tomorrow.

We just hired (last month) a FT inspector here.

[wayne soper]

me too, butu golf has been a no go anyway because of the crap weather up here.
Had 3 days of sun so far this month
I think i'm in seattle

[Terry Ewald]

Ok…what’s the secret? New home inspector, still trying toget my foot in the door. Marketing on weekends and every other day to offices.

[Nick Ostrowski]

Yep, been going strong and steady since mid February. March was my best month ever in my 9 years of inspecting.

[H.G. Watson, Sr.]

Yes this is a time to be working your a$$ off and kicking it into gear (and paying off debt and saving every dime for the future).

Seems to directly correlate to the Pending Homes Sales index figures from the preceeding months (and enhanced by the canceled contracts figures from same). With all the recent news releases of those monthly PHS index numbers, the NAR tries to shift the cancelled contracts increases to buyer's credit issues in tightening credit market with falling interest rates. However, a good percentage are due to rejections of the property by buyers considering multiple properties with multiple offers on "work out", short sale, and foreclosure properties from the preceeding months (high index change numbers over preceeding few months, i.e. jan, feb, dropping to less than 5% increase from feb to mar month end, slow responses from selling entites, and rejections by buyers of those properties following Home Inspection reports (IOW a higher percentage of eligible buyers AFTER contracting multiple home inspection reports prior to completing an eventual transaction). Both the increases in the raw index change numbers plus the increases in the numbers of cancelled contracts together = more paying work for HIs representing purchaser/potential purchaser clients. Savy investors on distressed sales know the banks are loathe to accept conditional offers - some are contracting for bulk reviews/consulting tours as well.


More work for the realtors, having to market, show, write, manage & negotiate multiple contracts to gain a single transaction -- maybe, have to really keep up the hustle. 30 yr fixed lower now than the later mid-50s.

All welcome/good news for the market-established HIs, temporarily. Take it all while you can get it for the next 7-9 months). Expect a slump post elections, especially if the major too-big-to-fail players (banking/mtg industry) keep being reckless (such as the latest J.P. Morgan Chase $2 billion swaps investment/loss fiasco. As the election cycle is completed - the payroll tax discounts expire (less available income to qualify); and the rebound income tax and property tax increases are realized (again less income to qualify and more property expenses as well as servicing expenses, i.e. floating escrow payments) expect a tightening of the belt and a more aird HI market nearing YE and into next year without a magic bullet into both the western world and US economy, as the austerity kicks in after the election cycle.

[Matt Fellman]

Super busy here, too. April was off the charts but May is so far slower.... still good, though. Every agent I talk to says there are no houses. Our inventory is at historic lows and I think we'd be a lot busier if there were more to choose from.

Overall, it's great news. I prefer a steady climb out of this "real estate funk". I think barring some disaster with the economy or the country in general we should be in for a nice run over the next few years... and hopefully beyond.

[Marc M]

Yes this is a time to be working your a$$ off and kicking it into gear (and paying off debt and saving every dime for the future).

Seems to directly correlate to the Pending Homes Sales index figures from the preceeding months (and enhanced by the canceled contracts figures from same). With all the recent news releases of those monthly PHS index numbers, the NAR tries to shift the cancelled contracts increases to buyer's credit issues in tightening credit market with falling interest rates. However, a good percentage are due to rejections of the property by buyers considering multiple properties with multiple offers on "work out", short sale, and foreclosure properties from the preceeding months (high index change numbers over preceeding few months, i.e. jan, feb, dropping to less than 5% increase from feb to mar month end, slow responses from selling entites, and rejections by buyers of those properties following Home Inspection reports (IOW a higher percentage of eligible buyers AFTER contracting multiple home inspection reports prior to completing an eventual transaction). Both the increases in the raw index change numbers plus the increases in the numbers of cancelled contracts together = more paying work for HIs representing purchaser/potential purchaser clients. Savy investors on distressed sales know the banks are loathe to accept conditional offers - some are contracting for bulk reviews/consulting tours as well.


More work for the realtors, having to market, show, write, manage & negotiate multiple contracts to gain a single transaction -- maybe, have to really keep up the hustle. 30 yr fixed lower now than the later mid-50s.

All welcome/good news for the market-established HIs, temporarily. Take it all while you can get it for the next 7-9 months). Expect a slump post elections, especially if the major too-big-to-fail players (banking/mtg industry) keep being reckless (such as the latest J.P. Morgan Chase $2 billion swaps investment/loss fiasco. As the election cycle is completed - the payroll tax discounts expire (less available income to qualify); and the rebound income tax and property tax increases are realized (again less income to qualify and more property expenses as well as servicing expenses, i.e. floating escrow payments) expect a tightening of the belt and a more aird HI market nearing YE and into next year without a magic bullet into both the western world and US economy, as the austerity kicks in after the election cycle.

I reluctantly agree..I was just saying the same thing to my wife about saving every dime. (At least until November )

[Scott Patterson]

Ok…what’s the secret? New home inspector, still trying toget my foot in the door. Marketing on weekends and every other day to offices.

No secret, it will just take you a couple of years to realize when we have a downturn in the market!

Business has been good in my area as well, it has been several years since I was booked a week + in advance.

[Tim Spargo]

Yep...

Not too shabby