Welcome back. We hope that you stayed cool this past weekend, because at least for us here on the East Coast, the humidity has been searingly painful. However, there are people who adore this weather, which shows that we are all unique in our likes and dislikes.
We had a whirlwind week here last week, with some fantastic publicity regarding Rent to Own Homes, along with a lot of work we have been doing on the website infrastructure (including making the website resolve even quicker on your screen).
Looking back to last week, in retrospect, we saw some numbers come out that were a little bit of a shock. By now, most of you already heard that new home sales (new single family homes) plunged about 33 percent from April to May. The tax credit incentive for purchasing homes ended April 30th, so that is a major contributing factor, but are we really shaping up yet? Are the fundamentals of the economy that strong yet to tout a recovery? Yes, there are definitely some promising areas in the country in terms of economic and housing recovery, but there are a lot more regions that are in trouble. Is it that a lot of the incentives are not as far-reaching as anticipated? Or just that it will take more time? On that note, we can only assume that "time will tell", as the old cliche says.
Now, there are some more numbers coming out tomorrow (S&P/Case-Shiller Home Price Indices), but these have a 2-month lag, so I really am interested in seeing their next release (the next one after this release). Let's all keep an eye on them together, as it effects each and every one of us.
Advice for the moment: Keep your focus on the Rent to Own Home that you are either looking to buy or looking to sell. Stay tuned to us for new information, announcements, and contests. We will try to be your liaison and will try to provide you with updates whenever we have them.
Have a great week, and Happy Rent-to-Owning !!
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