Archive for January 2012
Oh, Little Johnny…
Little Johnny comes into the house for dinner after playing outside all afternoon. His parents ask him what he did today?
He says that he played baseball and then he proposed to Little Betty, the next door neighbor. They are going to get married.
His parents think this is cute, and they want to make fun of Little Johnny so they ask Little Johnny, “How are you and Little Betty going to pay for the expenses of being married?”
He replies “Well with the $1 I get each week from you and the $1 she gets from her Mom and Dad, we should do o.k.”
His father says “That’s fine, but how will you pay the extra expenses if you and Little Betty have a baby?”
Little Johnny answers “Well, so far, we’ve been lucky…”
Chivalry is not dead?!?!
In the midst of a veritable downpour, a gallant driver saw a woman alone in the mud trying to change a flat tire, and couldn’t bear passing her by.
He completed the job for her, and, soaked to the skin, exclaimed jovially, “There, little lady, that’s done!”
“Quiet,” she ordered him. “You’ll wake up my husband. He’s taking a nap in the back seat.”
Article provided by: National Association of Home Builders, Daily Real Estate News (January 19, 2012)——————
BUILDERS FEEL THE MOST UPBEAT IN MORE THAN 4 YEARS
Builder confidence is at its highest level since June 2007, yet another sign that things are finally perking up in the new-home market, which has faced some of its darkest days on record this past year.
For the fourth consecutive month, builder sentiment for newly built, single-family homes was on the rise, according to the National Association of Home Builders and Wells Fargo Housing Market Index. The index measures builder sentiment on current and future sales conditions and buyer traffic.
The latest increase in the January index is “universally represented across every index component and region,” said Bob Nielsen, NAHB chairman.
“This good news comes on the heels of several months of gains in single-family housing starts and sales, and is yet another indication of the gradual but steady improvement that is beginning to take hold in an increasing number of housing markets nationwide,” Nielsen said.
Coming Off a Dismal 2011
The Commerce Department reported Thursday that for the third straight month, single-family home construction rose 4.5 percent in December. However, overall housing starts for the month dropped 4.1 percent, with gains in the single-family sector offset by a nearly 28 percent drop in apartment construction in December.
The latest news wraps up a dismal year for new-home building, with 2011 marking the fewest number of single-family homes built in half-century. In all, builders started about 606,900 homes in 2011 — that’s half the 1.2 million economists consider healthy for the sector.
Nevertheless, despite the mostly sluggish year for the sector, building did start to pick up in the last part of 2011 and housing analysts are upbeat that will continue. “We expect further sustained gains in starts and permits over the next few months; a real recovery is getting started,” Ian Shepherdson, chief U.S. economist at High Frequency Economics, told the Associated Press.
Threats to Recovery Remain
NAHB Chief Economist David Crowe warns that “caution remains the word of the day as many builders continue to voice concerns about potential clients being unable to qualify for an affordable mortgage, appraisals coming through below construction cost, and the continuing flow of foreclosed properties hitting the market.”
Source: National Association of Home Builders and “December Ends Worst Year for Single-Family Home Construction,” Associated Press (Jan. 19, 2012) | Blog distribution provided by Kenneth Bargers and Bargers Solutions, a proud member of Pilkerton Realtors, residential real estate services in Nashville, Tennessee
Article by: “Mortgage Applications Surge on Refinancing Demand,” Reuters (011812); Daily Real Estate News (011812) ————-
MORTGAGE APPLICATIONS SURGE 23%
Record-low mortgage rates sparked a wave in mortgage applications for home purchase and refinancings last week, increasing more than 20 percent in a week, the Mortgage Bankers Association reports.
For the week ending Jan. 13, mortgage applications for refinancing applications jumped 26.4 percent while home purchase applications, a future gauge for home buying, increased 10.3 percent.
“With mortgage rates reaching new lows, refinance volume jumped,” Michael Fratantoni, MBA’s vice president of research and economics, said in a statement. “Purchase activity also increased as buyers returned to the market after the holiday season.”
Freddie Mac reported that 30-year fixed-rate mortgage averaged a record low of 3.89 percent for the week ending Jan. 12. For six consecutive weeks, 30-year fixed-rate mortgages — the most popular choice among home buyers — has averaged below 4 percent.
Source: “Mortgage Applications Surge on Refinancing Demand,” Reuters (Jan. 18, 2012); Daily Real Estate News (011812) | Blog distribution provided by Kenneth Bargers and Bargers Solutions, a proud member of Pilkerton Realtors, residential real estate services located in Nashville, Tennessee
Several recent indicators for the real estate industry are pointing to a market that is on the mend and entering recovery mode.
Housing experts’ predictions for the new year tend to center around a market stabilizing before entering a gradual, albeit very slow, recovery. However, the tone is more upbeat than it has been in years for the housing market.
Here are a few of the signs that are showing the market moving in a more positive direction:
Home sales: Existing home sales are expected to increase 12 percent this year, following a 2 percent jump last year, Moody’s Analytics predicts. The signs are already showing: In November, pending home sales — a gauge for future home buying — reached its highest level in 19 months, the National Association of REALTORS® reported.
New-home market: Coming off of what could be considered the worst year for new-home building ever recorded, the sector is expected to bounce back this year. New-home sales and starts were already showing a rebound in the last few months of 2011. Moody’s is predicting that single-family housing starts will increase 37 percent this year, and new-home sales will soar 74 percent.
Housing stocks: Investors are starting to get optimistic about the possibility of a rebound too, and are turning to home builder stocks. These equities have recently outperformed the broader stock market and the S&P 1500 homebuilding index has increased 38 percent since mid-October, USA Today reports.
Consumer confidence: With mortgage rates at record lows and housing affordability high, about 71 percent of Americans say now is a good time to purchase a home. Also, more Americans are optimistic that home prices will rise over the next year — about 26 percent say prices will rise in 2012, an increase of 4 percent over the last survey, according to Fannie Mae’s December National Housing Survey.
SOURCE Article provided by: “Housing Outlook Is More Upbeat,” USA Today (Jan. 15, 2012) and “Consumers More Confident, Survey Says,” Deseret News (Utah) (Jan. 16, 2012); Daily Real Estate News (January 17, 2012) | Blog distribution provided by Kenneth Bargers and Bargers Solutions, a proud member of Pilkerton Realtors, residential real estate services located in Nashville, Tennessee
A 70-year-old man has never been married. One day he meets a beautiful 17-year-old girl, and it is love at first sight.
They get married and go to Florida for their honeymoon. When they get back, his friend says to him, “So, tell me, how was it?”
“Oh, it was beautiful,” says the man. “The sun, the surf, we made love almost every night, we–”
His friend interrupts him. “A man your age! How did you make love almost every night?”
“Oh,” says the man, “we almost made love Monday, we almost made love Tuesday…”
We can make it work…
A young lady came home and told her Mother that her boyfriend had proposed but she had turned him down because she found out he was an atheist, and didn’t believe in Heaven or Hell.
“Marry him anyway, dear.” the Mother said. “Between the two of us, we’ll show him just how *wrong* he is.”
Oh, not another blonde joke…
A blonde named Mary decides to do something really wild. Something she hasn’t done before, so she goes out to rent her first X-rated adult video.
She goes to the video store, and after looking around for a while, selects a title that sounds very stimulating.
She drives home, lights some candles, slips into something comfortable, and puts the tape in the VCR.
To her disappointment, there’s nothing but static on the screen, so she calls the video store to complain.
“I just rented an adult movie from you and there’s nothing on the tape but static,” she says. “Sorry about that. We’ve had problems with some of those tapes. Which title did you rent?” the clerk replies.
“Head Cleaner,” Mary replies.
Two Dwarfs and Two Hookers…
Two dwarfs pick up two hookers and take them to their hotel rooms.
The first dwarf not only can’t get an erection, but all night he has to listen to the other dwarf and the other hooker grunting “One, two three, uhh…one, two three, uhh…”
In the morning, the second dwarf says to the first dwarf, “So how was it?”
The first dwarf says, “It sucked. I couldn’t get a hard-on all night.”
The second dwarf says, “You think that’s bad? I couldn’t even get up on the bed.”