SUNDAY, MAY 31, 2009

Sales Update May 2009 -- Montreux Sales are Heating Up!

May has been a tremendous month for real estate activity in Montreux! With 5 new homes in escrow and 2 custom lot sales, there was more action in May than the four preceding months combined.

The general consensus is that Buyer's realize prices may be as low as they are going to go. It’s time to snatch up the deals!

Following is a list of Montreux sales activity for May alone:
16840 Delacroix – List Price $799,000 –- in escrow
16825 Delacroix – List Price $1,099,000 –- in escrow
5885 Chambery – List Price $1,550,000 –- in escrow
20525 Latour Way – List Price $1,649,000 –- in escrow
6617 Jung Ct – List Price $2,100,000 –- in escrow
6029 Lake Geneva – List Price $1,999,000 –- one year lease signed

Custom Lots Sales in May:
Lot 906
Lot 907

We're very excited about this new momentum! If you would like information on these any Montreux values or any other property in Montreux, please feel free to contact Brooke, Monica, or Louise, Montreux’s Exclusive Real Estate Agents, at 775-849-9444.

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TUESDAY, MAY 19, 2009

U.S. home builder sentiment rises in May

WASHINGTON (Reuters) - U.S. homebuilder sentiment jumped to its highest level in eight months in May, a private survey showed on Monday, supporting views that the three-year housing slump might be close to an end.

The National Association of Home Builders/Wells Fargo Housing Market Index rose to 16 from 14 in April, in line with market expectations.

The NAHB attributed the second consecutive monthly increase in the gauge -- which measures builder confidence in the market for newly built, single family homes -- to "the best home buying conditions of a lifetime."

"This continued increase indicates that home builders feel we're at or near the bottom of the market and that positive signs lie ahead for builders and potential home buyers, provided that builder access to production credit significantly improves," said NAHB chief economist David Crowe.

Other housing indicators have recently shown a sharp slowing in the pace of the market's decline, raising optimism a bottom was not too far away.

The collapse of domestic house prices and the subsequent global credit crisis were the main catalysts for the U.S. recession, now in its 17th month.

The report also showed two out of three subindexes of the Housing Market Index rising in May. The current sales conditions gauge climbed two points to 14, while the sales expectations measure for the next six months rose three points to 27. The traffic of prospective buyers index was unchanged at 13 in May.

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This is good news for everyone at Montreux and the economy as a whole. The index (The National Association of Home Builders/Wells Fargo Housing Market Index) for May jumped to its highest level in eight months, adding support to the view by some that the housing slump might’ve already bottomed. It was the second consecutive month it rose (although the gain only matched expectations).

Click here to read the original article.


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