Drop in Home Sales

Is Drop in Home Sales Good News? Only if you want to thrive!

“For all of you out there who accuse me of perpetual bearishness, here's a twist: What if the drop in existing home sales in May is a good thing? Try to follow me on this: Everyone expected home sales to surge in May because this Realtor's survey is based on closings in May from contracts signed in March and April. The May and June numbers should reflect the surge from the now-expired home buyer tax credit. Well today's report showed a drop of 2.2 percent in existing home sales, leading us to believe that this last government stimulus really didn't do the trick. So what if it didn't? Last fall the tax credit really juiced the market, pulling demand forward, so that we saw a huge drop-off in the months following what we thought was the end of the credit, which was then of course extended and expanded.

So now we're not seeing the same juice, but the numbers aren't terrible either. Perhaps there was no big rush, so perhaps there will be no big drop-off. Here's what we do know: (a) First-time homebuyers accounted for 46% of sales in May (49% in April) (b) Investors accounted for 14% of sales in May (15% in April) (c) All cash accounted for 25% of sales in May (26% in April). So first time buyers actually fell in numbers, but investors and all cash (which are often investors) remained pretty steady. Investors, at least for distressed properties, are what we need right now to soak up all the excess inventory. Don't get me wrong, I'm pretty certain we're going to see a drop-off in sales. A lot of sellers probably got caught up in the idea that the stimulus would create lasting recovery, and so decided to jump in. Tomorrow we get the report on sales of new construction in May. That report is based on contracts signed in May, not closings, so it will give us an idea of just how bad the post credit hangover will be.”

foreclosures vs short sale

Depending on the State, an NOD (notice of default) gets filed by the lender or bank in public records dept. This notice refers to the owner of the mortgage note is 90 days late and the foreclosure process ensues, the bank shells out all the admin costs and among other things the home owner now is required to pay in full plus penalties or risk the loss of their home, and in most cases takes a 7 year hit on their credit report. During this time knowing any day that an eviction notice gets pinned to the door or a knock on the door has the new buyer at auction, calling to claim their property.
Short Sales change the dynamic entirely in a positive direction. An Investor or Agent negotiates a lesser balance payoff to the mortgage note, the lender wipes this non performing asset off their books, the homeowner leaves with no costs and little damage to their credit, hence allowing quicker recovery time for their status. The Realtor or Broker gets a home to list with instant equity and faster turnover rate. The State, County starts their tax basis recovery and a new family finds their dream home while the bank or lender gets back to loaning money, all in one transaction

Bret Austin

My goal in this life is to bring a special gift to all that want to partake!My mantra is to view this world in a keener site,to look at everything as if it can be altered by a different way of thinking the spirit in all of us has been given to us at birth but not known by many of the elders that has reared us,and this to me is a grossly mistaken crime.We all have it in us to change our perspectives in a simple thought form,we can easily bring all our dreams to realities,wholer,perfecter,stronger,powerfuler,lovinger,
happier,healthier,wealthier,more abundant lives in just a few more moments of Infinite Intelligent approach to this live.Bret has done this as well as many others,but the key is your master,you get to unlock the doors to your futures,you my friends are the master of your own destiny.The church goers,nay sayers,politicians,neighbors,family members many of these general statement groups will try to convince you that it is not you but something or someone else that is in charge,but again i am here to tell you otherwise,it's you,and you only take charge and give in and i will promise anyone whom wants to really know thats today is this first day of the rest of your lives folks,so get it going now.......

digestive

Well,well a fairly deep subject,no?Often only as deep as we want to look,moreover so a lunch choice here.Giving all the options on any given day we can choose to take the apple over the cupcake,thats a small metaphor to say eat right or suffer the long term consequences.Today will actually be Soup Plantationironically enough I even have 2 thirteen year olds with me and it was basically their choice.I praise this place for allowing many fresh options with a wide variety of other basic foods to indulge in always leaving feeling extremely full and satisfied for a reasonable price,bon appetite my masses,eat right whenever possible for a more clearer complexion and improved waste[waist] management

Clean up

I had A.I. on this eve and the best performer has the worst skin!These kids diets are generally so bad that they eat everything and anything in site.I mean to get there but first to be in balance with our minds we need to be in balance with our colons,we sure could be much more healthier as a society,but with microwaves/Mcdonalds/Del Taco even the so called eat fresh Subway the lack of interest in consuming food groups leaves me in pretzels,everytime i tell my daughter to eat an apple if your hungry her retort is not this kind of hungry.When we take better care of ourselves diet wise we crave other foods than the junk,which in turn allows us to crap cleaner which allows us to cleanse to digestive track,try dropping into Whole foods or Trader Joes and grab a salad from the deli,after a short period this deems a pure body chemistry and can enable us to toss the skin/clear/up trash,and start even sleeping more sound,dont believe me?Go 4 weeks first,then get back to me and tell me im lying to you..............stay thirsty masses

WHY

Why?Why?Why?Why are we all afraid to die?Unfinished business perhaps,somethings we just hav'nt gotten around to completing [asking that one person out?]seems as if the time will be right ,then you'll know,right?Telling ur mom how much you loved her abd thanking her for bringing you into this world?At the present time right now in other words is that time!!!
Tomorrow we may be dead/gone/off/outa here baby,just look at the news its hit the fan again.Something else to throw us all into a dither,that will never stop until the immenant truth is really upon us.Avion bird flu/swine flu blah blah blah itll never end.What i am trying to tell you masses is today is the day!!No not that day [the proverbial end]today is indeed though the first day of the rest of our lives,Today is that day that we should be living like it was the last in the sense that look what goes through ur minds when you get scared!!
In a few short days only a small select poor souls will be hit by this new pandemic all the other 99.999% of us will go about our lives,just like before waiting for the time we will know when it comes to be right for that thing that we have on our list of very important things to do.......But hold that thought?Stop freakin around and go ask her/him out,call ur goddamn mom this minute,ask for that raise,stand your ground,make love just as if you may never be able to experience that feeling ever afreakin-gin,Think about that,holy u know-what folks,never again,yeah that feeling!Actualy put your heart into that and get back to me and tell me[i dare you]tell me it was'nt something that you never have liken too before!!!
Keep using those Brains?

It's time

Again i want to elaborate on the good,the good times,thoughts,laughs the conscience efforts of memory,what does this mean to any of us?Well a perfect example would come from my nephew.this young man born in the midwest decided right after high school he'd try college but soon there after his lack of focus/structure(maturity) he would be failing miserably.He had gotten so far behind that he just dropped out to figure his life had something else to offer,so he joined the army to fight for his country per post 911 crisis.Soon there after found himself in a world of destolation ,the middle of the desert in Iraq,140 degrees midday 115 @ nite getting shot @ by this so called enemy,he was livid and miserable'after many months had past got word that he'd be going on leave,his mood change dramatically for the better in an instant,happy thoughts good times swimming pools bikini clad girls many loved ones at his side so he's in a gleeful mood to say the least,one of his last mission before leaving out with his battalion,they get messaged to return to base when out of nowhere he gets elected to ride back in a chopper instead of the hummer with his commarades when upon his return to base gets another word that the group in the hummer is not coming back complete cause it gets sniped two die and all others are severly wounded,but is he just the lucky one or do those thoughts somehow take relevence to this episode?My personal take after much study on this is, after hearing his story a year later is all good thoughts attract only good things.Im convinced that happy times bring more of the same,and crappy times will also do the same just exactly,be a precursor to your own future it's well worth it!!
stay insatiable,u wont be sorry