Howard Hanna
“This is an exciting market time,” said Howard W. “Hoddy” Hanna, III, Chairman and CEO of Howard Hanna in his weekly “Hoddy Talk” web cast to the company’s more than 4,900 sales associates and staff. “Sales and listing activity during the last 8-9 weeks has definitely turned. This positive movement shows people are taking advantage of the opportunities available in the marketplace today. Consumer confidence is on the rise, the housing affordability index is the best it’s been in 40 years, mortgage money is available and interest rates are still hovering around 5%. Now is a great time to buy a home,” he added.
During the month of May, Howard Hanna virtually broke all conceivable closing records in the company’s great and historic past: more homes sold and closed in one month – 2,952; more volume closed in one month -$473.4 million ; more mortgages closed -795 with a value of $118.5 million - almost 40% higher than in a past single month ever; more title insurance and closed policies in any 30-day period – 1,778 ; and more insurance policies – 618 and premiums - $429 thousand enacted for more than $85 billion in home values insured ever in the company’s insurance division history.
“2009 has truly been a unique year not only for American real estate and real estate within Ohio, Pennsylvania, New York, and West Virginia, but also for the entire world economy. May certainly was a key month, “said Hanna. “We have the best people with the best work ethic to take on all these challenges and truly continue our pattern of success,” he added.
Total volume in May 2009 was 12,586 units for $2.2 billion which represents a 26% increase in units and a 19% increase in dollars over the same time period last year.
Figures include written, listed and closed sales volume/units of Howard Hanna real Estate, written and closed properties of Barristers Title Company and closed mortgage loans of Howard Hanna Mortgage.
Howard Hanna took a lead role in the real estate industry at the beginning of the second quarter of 2009 by introducing yet another “Buyer’s Advantage” for home buyers. Howard Hanna Mortgage Services unveiled an income loss protection program called “Worry Free Home Buying” which protects buyers who use Howard Hanna Mortgage Services to purchase a home in the event of a job loss, giving them income protection of $1,500 per month for up to six months. This program accompanies Hanna’s exclusive 100% Money Back Guarantee, Apartment Dweller’s Tread-In and Buy Before You Sell programs.
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