Industry News

Existing Home Sales and Inventory Bouncing Back - Prices Too

Existing Home Sales and Inventory Bouncing Back - Prices Too

Tom Oslund

Existing home sales broke out of a two-month slump in May, rising by 2.5 percent compared to April and beating, by a considerable margin, analysts' consensus expectations.  The National Association of Realtors® said sales of single-family homes, townhomes, condominiums, and co-ops were at a seasonally adjusted annual rate of 5.34 million units compared to 5.19 million the previous month.  The...

More mortgages issued in April than any month over past decade

Detroit officials: More mortgages issued in April than any month over past decade

Tom Oslund

hey say that spring is homebuying season. In Detroit, that’s certainly proving true.

According to data from the Multiple Listing Service, in April this year there were 140 mortgages issued in Detroit. In April 2018, there were 96.

That number exceeds any month since 2008, prior to the Great Recession.

A significant milestone was reached last year when over 1,000 mortgages ...

Why Good Customer Service Is Critical to Business Success

Why Good Customer Service Is Critical to Business Success

Tom Oslund

Although the remodeling and home building industry has had to adapt to 21st century technology, sometimes “old school” professionalism is the key to success.

NAHB’s May Remodeler of the Month, Don Wirtzberger, doesn’t use a website or social media presence to market his company, Sierra Design & Construction in Louisville, Ky. The company, which started in 2001, gains most of its...

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