Ah, I just came across this: Home Sizes Shrink with Growing Concerns over the Economy and Energy Costs. There is also a press release released by American Institute of Architects.
From the Press Release:
“The recent weakness in the housing market forces households to be more sensitive to housing affordability concerns. Coupled with rising home energy costs, this encourages many to rethink their overall space needs,†said AIA Chief Economist Kermit Baker, PhD, Hon. AIA. “While smaller homes may be a short-term response to economic conditions, there are signs that we may be at the beginning of a longer cycle where house sizes stabilize or even decline.â€
Baker continued, “With weak billings, inquiries for new projects and project backlogs, evidence suggests that the conditions in the residential market are not poised to improve anytime soon.â€
Inman news disagrees. “But the latest government data on housing characteristics does not support the survey findings, as the average square footage of homes remains (more…)
(Read Athol’s post to find out what’s this picture about!)
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Be the expert , Be a resource, Be a lifeline.
Tuesday, June 17th, 2008I read this quote from Bill Lublin’s post (Can Foreclosure Kill?) on Agent Genius and felt very inspired by it.
Isn’t that what we all essentially do for our clients in real estate? We owe it to our customers to give them the best information possible. We be there for them when they are going through hard time, decisions and uncertainties. We are there to answer all their questions and be creative with difficulties.
Real estate can be rough. It can be a dog-eat-dog world. But it’s our job to be there for our clients and do everything we can to make sure they all get their happy endings
Right?
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