I thought this was a pretty interesting article from Buzzfeed. Click Here.
The suggestions here are likely better if one lives in a small space, however; I thought they were clever suggestions-- maybe it will help you take these applications and apply them to a different Do It Yourself reorganization of your home.
Happy Friday,
Stephen
Friday, July 25, 2014
Monday, July 14, 2014
Market News:
David Jaindl has proposed a subdivision with a Zoning Overlay District in the Old Rutz Farm.
Reaction: I believe Mr. Goldin's take on notification is a pretty good one
The FedEX Hub is being fought by a grass roots campaign in East Allen Twp.
Reaction: Its interesting discourse and we will see where it goes.
A new is 54 acre development is being discussed in conjunction with a Church in Lower Macungie
Reaction: It will be interesting if this Farr Tract parcel will still be viable if the township does not allow the 5 reduction between homes. It will be interesting how the negotiations for the easement between Concordia and the Township goes.
The Indian Creek Subdivision by Emmaus High School
Reaction: This subdivision has been going on for a long time and its curious as to why? My impression is when it takes this long to subdivide something there is an issue at hand that is not being discussed.
David Jaindl has proposed a subdivision with a Zoning Overlay District in the Old Rutz Farm.
Reaction: I believe Mr. Goldin's take on notification is a pretty good one
The FedEX Hub is being fought by a grass roots campaign in East Allen Twp.
Reaction: Its interesting discourse and we will see where it goes.
A new is 54 acre development is being discussed in conjunction with a Church in Lower Macungie
Reaction: It will be interesting if this Farr Tract parcel will still be viable if the township does not allow the 5 reduction between homes. It will be interesting how the negotiations for the easement between Concordia and the Township goes.
The Indian Creek Subdivision by Emmaus High School
Reaction: This subdivision has been going on for a long time and its curious as to why? My impression is when it takes this long to subdivide something there is an issue at hand that is not being discussed.
Thursday, July 10, 2014
June's Market Update
Hello!
June was a good month in a couple of respects.
1) Median Price went up 8.8% month over month. (click here)
Anecdotally, it seems that the spring market has been pushed back this year because of the severe winter weather. The previous spring month's saw less sold properties but a higher velocity of under contract homes.
2) Supply & Demand Month over Month
June was no different in terms of there being less Sold (-9.8%) homes but MORE under contract homes (18.8%).
3) The month over month Supply chart tells a lot of the story as to why prices are going up. Supply decreased from 6.1 to 5.3 month's of supply (-13.4%).
4) The stream of bank owned properties seems to be dissipating, the supply of bank owned properties is 3.4 months of supply. That is down 39% from 5.7 months.
4) Zillow keeps track of how many households are still under water on their mortgage and their most recent update from May indicates 21.4% of houses holds are underwate.
Conclusion: I find it impressive that Lehigh and Northampton counties are seeing a faster rate of sales (under agreement homes) considering there are less bank properties. June proved that consumers are willing to pay higher prices for homes. If bank supply continues to dwindle, this market could really break into an area of positive momentum.
Negative equity continued to decrease as well, if prices continue to increase and folks continue to pay their mortgage; people might be more inclined to spend on their homes. It is more difficult to justify upgrading a kitchen when a homeowner has negative equity.
Here is how I work with Charity.
June was a good month in a couple of respects.
1) Median Price went up 8.8% month over month. (click here)
Anecdotally, it seems that the spring market has been pushed back this year because of the severe winter weather. The previous spring month's saw less sold properties but a higher velocity of under contract homes.
2) Supply & Demand Month over Month
June was no different in terms of there being less Sold (-9.8%) homes but MORE under contract homes (18.8%).
3) The month over month Supply chart tells a lot of the story as to why prices are going up. Supply decreased from 6.1 to 5.3 month's of supply (-13.4%).
4) The stream of bank owned properties seems to be dissipating, the supply of bank owned properties is 3.4 months of supply. That is down 39% from 5.7 months.
4) Zillow keeps track of how many households are still under water on their mortgage and their most recent update from May indicates 21.4% of houses holds are underwate.
Conclusion: I find it impressive that Lehigh and Northampton counties are seeing a faster rate of sales (under agreement homes) considering there are less bank properties. June proved that consumers are willing to pay higher prices for homes. If bank supply continues to dwindle, this market could really break into an area of positive momentum.
Negative equity continued to decrease as well, if prices continue to increase and folks continue to pay their mortgage; people might be more inclined to spend on their homes. It is more difficult to justify upgrading a kitchen when a homeowner has negative equity.
Here is how I work with Charity.
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