NEWS ALERT from The Mile High Home Hunter

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Mile High Home Hunter NEWS ALERT! Housing starts drop 14.2% in Dec., 24.8% in 2007   Contact me to learn how this news might affect the   sale of your home or your next home purchase! WASHINGTON (Reuters) - Housing starts in December fell 14.2% to the lowest pace in more than 16 years, while building permits, a sign of future construction plans, dropped to levels not seen since early 1993, a government report showed Thursday. The Commerce Department said December housing starts set an annual pace of 1.006 million units in December, lower than the 1.140 million units expected by economists. It was the lowest pace for housing starts since the May 1991 rate of 996,000 units.   The 1.354 million new homes and apartments last year, down 24.8% from 2006, was the lowest total since 1.288 million units in 1993. It was the second biggest annual decline on record, exceeded only by a 26% plunge in 1980, a period when the Federal Reserve was pushing interest rates to post-World War II records in an effort to combat an entrenched inflation problem.   Building permits fell 8.1% to an annual rate of 1.068 million, the slowest pace since a 1.056 million unit rate set in March 1993. It was also the sharpest monthly drop since January 1995.   Many economists believe that the current slump in housing will rival the dive in the late 1970s and early 1980s when housing construction fell for four straight years before beginning to recover after the severe 1981-82 recession.   "The residential real estate market still appears to be in freefall," Cleveland Federal Reserve Bank President Sandra Pianalto said Thursday in remarks to the Association for Corporate Growth, her first comments on the economy in three months.   In other economic news, the Labor Department said the number of newly laid off workers filing applications for unemployment benefits dropped by 21,000 last week to 301,000. That marked the third consecutive weekly decline and occurred even though the government reported that the unemployment rate increased sharply in December. Some economists believe the current housing troubles will push the country into another recession as consumers are staggered by the steep drop in housing - which has pushed home values down in many parts of the country. Consumers also have been faced with rising mortgage defaults and a severe credit crunch which has made loans harder to obtain. Various recent reports have increased those worries including news that unemployment in December shot up to 5%, rising by the largest amount in one months since the country was reeling from the 2001 terrorist attacks. Many large financial institutions have announced billions of dollars of losses due to the meltdown in subprime mortgages.   The probability of a recession is growing and high oil prices pose a significant problem for the world's largest energy consumer, U.S. Energy Secretary Sam Bodman told reporters in Jordan on Thursday on the first leg of a trip to the Middle East.   A survey of builder sentiment prepared by the National Association of Home Builders came in at the second-lowest level on record in January at a reading of 19. That was up slightly from the record low of 18 set in December. The index has been below 20 since October as builders struggle to deal with slumping demand, rising housing defaults and tighter lending standards.   Many economists believe the housing sector will remain weak through this year before starting to stage a rebound in 2009.   Contributing: Associated Press Copyright 2008 Reuters Limited.   http://www.usatoday.com/money/economy/housing/2008-01-17-housing-starts_N.htm?loc=interstitialskip   Quick Links Our Website Buyers' Resources Sellers' Resources Just Listed Around Denver RE/MAX Alliance Michael Clarkson REALTOR®, GRI

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FW: Interesting New Service - ValBuilders.com

Folks:

 

As we all endeavor to work by referral, I wanted to offer a referral that - on the face of it - seems to be quite interesting.  There is a company called Value Builders http://www.valbuilders.com that has an very interesting business model. 

 

They go into a property that is in desperate need of updating (such that it is eating up equity), assess the potential sale value, and contract with the Seller to do an equity split on the increased value of the updates.  We, of course, benefit from higher home sales prices. The Seller benefits by getting a better net equity situation.  ValBuilders does their thing and makes their cut.   Our listing contracts are just like they always are...we just get a better home to sell.  THis is done with no money out of the client's pocket -- unless they cancel the contract when they realize how great the home is/could be!

 

I am going to call their two contacts: Debra Schaefer and Terri Gallmeier to get some more information. 

 

I am going to provide you their information as well. I do, however, have one request and its an important one.  I was referred to this program by Mike Mustain of Johnson Moving and Storage (mmustain@johnson-united.com and 303.596.3280). I have known Mike from a prior career, now going on 14 years.  I would appreciate it if you would mention that it was Mike Mustain who brought this service to your attention when you speak with ValBuilders.  Mike said to me, "You're the first person I thought about when these folks did a presentation to us."  In the spirit of Buffini, I would like to ask that we think of him first when you contact ValBuilders AND, more importantly, when your client has moving and storage needs.  I think this is a service that has a chance to distinguish us as REALTORS®...and mortgage brokers (after all, a client with more equity might buy a bigger home and need a bigger loan).

 

Mike has taken great care of my clients in the past. He will personally ensure that Johnson Moving and Storage will take great care of your clients locally, coast-to-coast or around the world. 

 

The contacts at ValBuilders are:

Debra Schaefer

303.641.9739 (cell)

debra.schaefer@valbuilders.com

 

Terri Gallmeier

720.272.9458 (cell)

terri.gallmeier@valbuilders.com

 

 

 

Oh, by the way™

… if you know of someone looking for a Realtor® whose service is "Mile High" and would appreciate the level of service I provide, please call me with their name and business number and I will be happy to follow up and take great care of them.

 

 

Kind regards,

 

Michael

 

Michael J. Clarkson Broker Associate
Work: 1.303.403.2641 Mobile: 1.303.332.6393 Fax: 1.866.723.4337 Email: mj@milehighhomehunter.com IM: mjclarksondenver (MSN) Home Page RE/MAX Alliance 9737 Wadsworth Parkway Westminster, CO 80021 USA
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Mile High Home Hunter - Monthly Client Appreciation Special

Mile High Home Hunter Monthly Client Appreciation Program January 15, 2008

Greetings! I am PROUD to announce a new component to my monthly Client Appreciation Program!

As a member of my monthly CAP (Client Appreciation Program), it's my pleasure to provide helpful services and information to you, my best customers and friends. Beginning this month, I am starting a second in-month mailing.  This second in-month mailing will come out every month about mid-month and will feature services or products from other clients within my referral network - people I have come to know and trust. In this premier month, I am pleased to present the outstanding, photographic art of Bruce Norman.  Bruce is the founder and owner of Bruce Norman Photography.  You can see some of his work at: www.BruceNorman.com I have several pieces of Bruce's art in my home and have used Bruce for my own portrait shoots. He is an outstanding photographer with a unique talent! I highly recommend him.  His scenic work is inspirational and truly captures the spirit and essence of a moment!  I know you will enjoy his work as much as I do! Because you are a valued member of my referral network, Bruce and I have joined to provide you a coupon for 15% off of portrait services and fine art prints. It expires February 15, 2008. Attached on the next page is a copy of the coupon or you can go to http://www.MileHighReferrals.com and click on the picture of the coupon print your own copy.  Please, feel forward this to someone you know who needs or wants a high-quality portrait or fine art prints.  The best part of all: It's just in time for Valentine's Day!  (Hint! Hint!) Enjoy! And thanks for making my business "picture perfect" through the generosity of your referrals!   Kind regards,   Michael     Oh, by the way™ ,  if you know of someone who is thinking of buying or selling a home and who would appreciate the kind of service I offer, I'd love to help them.  So, as these people come to mind, please give me a call with their name and business number.  I'll be happy to follow up and tend to their needs.

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REAL ESTATE NEWS CHANNEL UPDATE

Here is a link to my weekly "REAL ESTATE NEWS CHANNEL":

Click Here

This week's segments are full of interesting and useful information that I think you will enjoy whether you are a buyer, seller, homeowner, or renter.

Some of the topics covered this week are:

Real Estate Outlook - One of housing's sharpest economic forecasters says the market has been speaking to us with mixed messages so far this year
Mortgage Moment - Jan Demas discusses "How Real Estate Pros get the best mortgage rates"
Market Condition - Waxhaw, North Carolina, a town with an historic past, has seen experienced significant growth in recent times, at least according to local real estate expert and Realtor Kerry Beach
Ask the Expert - "I have a landlord who is very "friendly" and likes to stop by and visit. I, on the other hand, really like my privacy. Am I obligated to let the landlord into my home?"
Video of the Week - This week's amazing video.

You can also tour my latest listing as well as view some of my personal favorites.

I hope you enjoy this week's show. If you have any comments, please e-mail them to me.

 

Oh, by the way™

… if you know of someone looking for a Realtor® whose service is "Mile High" and would appreciate the level of service I provide, please call me with their name and business number and I will be happy to follow up and take great care of them.

 

 

Kind regards,

 

Michael

 

Michael J. Clarkson Broker Associate
Work: 1.303.403.2641 Mobile: 1.303.332.6393 Fax: 1.866.723.4337 Email: mj@milehighhomehunter.com IM: mjclarksondenver (MSN) Home Page RE/MAX Alliance 9737 Wadsworth Parkway Westminster, CO 80021 USA
See who we know in common	Want a signature like this?