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The Return of the Seller’s Market

Is the worst over for homeowners? Data released Tuesday shows that existing-home sales increased 3.4% in April from a month earlier and 10% from a year ago, with market conditions improving in many parts of the country.

But more tellingly, say experts, the inventory of unsold homes dropped 21% from a year ago. According to the National Association of Realtors, there is now a 6.6-month supply of existing homes, the estimated amount of time it will take for all listed homes to sell. That’s down from 9.1 months a year ago, and closer to what experts consider a seller’s market — five months or less. “It’s the most significant development in the last three months — supply has gone way down and it’s starting to put upward pressure on prices in many areas,” says John Mulville, vice president at Real Estate Economics, which tracks housing.

Some parts of the country are already being described as seller’s markets, including many that were hardest hit during the downturn. At the current pace of sales, it would take less than five months to sell the homes listed in Miami, Phoenix and Sacramento.

Defining a seller’s market in even stricter terms, Metrostudy, a housing market research company, says markets with less than 2.5 months of new home supply should count. Of the 33 regions it tracks, 14 — including Northern Virginia, Southern Maryland and Salt Lake City — have inventories below that level. Favorable conditions, like low prices and mortgage rates, a slowly declining unemployment rate, and pent-up demand have all helped boost sales, says Brad Hunter, chief economist at Metrostudy.

To be sure, sales tend to rise in the spring when families are most likely to shop for a new home. But sales aren’t the only reason inventory is dropping. In many cases, would-be sellers are choosing not to list their home and are waiting for bigger improvements in the housing market, says Hunter. Limited inventory, it can be argued, is a sign of a weak housing market where homeowners don’t trust that their home will fetch a purchase price that’s high enough to make it worthy to sell.

For homeowners who’ve been holding off on selling until more favorable conditions kick in, that time might be now, some experts say. Buyers will need to prepare to compete against others for the limited inventory that’s up for grabs. Here’s how buyers and homeowners can navigate changing conditions in zip codes that have become seller’s markets.

Here is advice for both buyers and sellers on how to handle the shifting market:



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    • Verdon says! – Anheuser-Busch made Billions…!

      While, talking on the phone to an editor; of the “Sacramento Business Journal.” Verdon, remembers being asked by, the Sacramento editor – just how many ideas to Anheuser-Busch did he send? Verdon told SBJ editor, from what he can – remember, about a couple hundred!

      Verdon remembers – The Ferret the Alligator, Penguin commercials but Verdon sent in hundreds of other ideas, including “steins and memorabilia.” Those designs were in such detail, drawn and painted.

      Verdon still pushes for recognition; of the “Ferret, Penguin, and Alligator” proudly claims these inventions as (his own!)

      However – if you were to goggle: the “Wikipedia Website,” it states a lot of the commercial fame Anheuser-Busch’s had. In both the Budweiser and Anheuser-Busch Wikipedia. Anheuser-Busch leaves, the Ferret that has won; “Tony Awards” and the Bud Ice Penguin – which sold more memorabilia then a lot of those (Icon) commercial that their talking about in their “Wikipedia sites!” Verdon says, he doesn’t know how viable the Wikipedia is? But, believes, in Wikipedia sources to be pretty accurate…

      This leads Verdon to believe, that Anheuser-Busch is to “afraid,” to claim the creative-ownership of the {Ferret, Penguin and Alligator design for commercials and memorabilia and steins-which were, (all being made) during the Anheuser-Busch Companies battle with Verdon.

      Verdon says, why, would you play your most recognizable (Icons-down?) Verdon replies because Anheuser-Busch did not come up with, the ideas for these inventions at all. Anheuser-Busch (stole them, then, they lied) and A-B blames their advertising agencies for-(the patsy scandal ,!)

      In a private letter to: Verdon sent by: Anheuser-Busch Companies – legal dept. Scott D. Miller – Associate General Counsel; says, ‘he was writing in regards to his letter to: August A. Busch III.

      Legal Rep: Mr. Miller – Spoke proudly! Of the “Bud Ice Penguin” and that Anheuser-Busch has a standing campaigns that were independently developed for Anheuser-Busch by, their advertising agencies! Verdon says, however on the internet in (open public) Anheuser-Busch “hides from the (owner-ship and discovery) of the (Ferret, Bud Ice Penguin and Alligator.”) You have to, at some point, ask yourself why, in private brag about it! Then, in public not mention it at all like Anheuser-Busch did?

      Scott D. Miller – {failed to mention the Ferret, that was talked about in Verdon’s letter to: Anheuser A. Busch III, sent certified, stamped Jan 29th 1998,.}

      These ideas of Verdon are still making money for Anheuser-Busch InBev even today, nearly two decades later. This is why, Verdon still writes about “The Ferret- Theory.” Because, if he stops pursuing his claims against, Anheuser-Busch so, will Justice!

      Verdon was asked by: a local news associates, just how much do you think all of you ideas are worth? Verdon says, well? Anheuser-Busch has been running revenue with my creations for nearly 17 years starting as early as 1995 to present!

      As Verdon realizes the numbers could be staggering? The financial number for nearly 2 decades could be, well into the “Billions!” The reporter was speechless! Verdon has blocked-out, must of the ‘theft of items,’ stolen by: The brewery- Anheuser-Busch.

      Verdon’s ideas reaching (Super Bowls, Olympics and so-on for years!) The Ferret won even a “Tony-Award from commercials and stage! The (Steins) that had to get made from Brazil and Germany, which, Verdon has insisted to Anheuser-Busch for development! And A-B did exactly that.

      There’s artist, that you have to pay to design the steins, manufacturing staff , shipping the products world-wide! Not to mention; the development of the memorabilia or anything under the sun you could think of, legal costs, admin cost ect? Anheuser-Busch would push for memorabilia to make shirts, cups, pool-sticks, key-chain, bumper stickers, clocks, ect…. Which, would sell in the (zillions of dollars,) for Anheuser-Busch.

      Verdon believes, the (sale) for the Anheuser-Busch Corporation would have came much sooner than 2008, if (he never sent in any ideas) for Anheuser-Busch? Which means, the 52 billion that the brewery sold to InBev, could have sold for much less, maybe 20 to 30 billion is Verdon’s guess?

      Well, will never know now? Says, Verdon…


      The Ferret Theory – News…

    • Banks are holding on to inventory and not listing them for sale. They got their money from tax payer, so they are not in a hurry. But the next leg down in the economy will drive up unemployment and will increase foreclosures. The deficit of 1.5 trillion is funding 50 to 60 million jobs in America. We are borrowing to spend on consumer economy. These are all service sector jobs. Google for “DEFLATIONARY CRASH” to understand why these jobs cannot be sustained. We need manufacturing jobs, science, engineering and technology jobs. Service sector jobs are not able to help curb trade deficit. It is a dead end. Keynesians are dead wrong about it. At the end of the day, they won’t be able to spend to stimulate the economy. Once their hand is forced, the crash will be unlike anything we have ever witnessed. We need to let the free markets run so that private sector can align itself with what works and what does not. FED is giving the wrong signals to the economy and it is creating wrong kind of jobs. These jobs won’t survive the next leg down.


    • Who ever wrote this article is smoking something… Empty homes are everywhere, jobs are not stable, people are making much less money than they used to, even the government still freezes on their annual cost of living increase… Banks are very strict on lending the money… Suggest you look around and do your own calculation.

    • Is the person who wrote this a seller or soon to
      be house seller?
      The markets still have a way to go down.
      Not only are there many bank owned properties
      to appear soon on the market, job creation is slow
      and banks are making it very difficult to get

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