"Housing Market Continues To Improve" says Chief Economist of NAR and Lyman Staton Group RealtorsLawrence Yun, NAR chief economist states "In the past two years, home buyers have been very successful, with super-low loan default rates" and this is supported by numbers put up by Kansas City's own Lyman Staton Group Realtors of Reece and Nichols.
By: 1874 The Pending Home Sales Index, a forward-looking indicator, increased 2.0 percent to 93.7 based on contracts signed in December from a downwardly revised 91.9 in November. The index is 4.2 percent below the 97.8 mark in December 2009. The data reflects contracts and not closings, which normally occur with a lag time of one or two months. The PHSI in the Northeast increased 1.8 percent to 73.9 in December but is 5.3 percent below December 2009. In the Midwest the index rose 8.0 percent in December to 84.6 but is 5.1 percent below a year ago. Pending home sales in the South jumped 11.5 percent to an index of 101.9 and are 1.7 percent above December 2009. In the West the index fell 13.2 percent to 105.8 and is 10.7 percent below a year ago. Lawrence Yun, NAR chief economist, credits good affordability conditions and economic improvement. "Modest gains in the labor market and the improving economy are creating a more favorable backdrop for buyers, allowing them to take advantage of excellent housing affordability conditions. Mortgage rates should rise only modestly in the months ahead, so we’ll continue to see a favorable environment for buyers with good credit,” he said. “In the past two years, home buyers have been very successful, with super-low loan default rates, partly because of stable home prices during that time. That trend is likely to continue in 2011 as long as there is sufficient demand to absorb inventory,” Yun said. “The latest pending sales gain suggests activity is very close to a sustainable, healthy volume of a mid-5 million total annual home sales. However, sales above 6 million, as occurred during the bubble years, are highly unlikely this year.” These numbers are supported by the stats of Kansas City's, Lyman Staton Group of Reece and Nichols. In 2009 they averaged a 26 percent gain in total revenue and 48 percent gain in 2010. Additionally, they are proud to have 1 of only 34 homes that were sold in the entire KC Metro area of $1.3 Million or more during 2010. This is quite a feat, when you consider there are approximately 7,000 Realtors in the Kansas City area. While remaining a team of 2 Realtors, adding Sharman Busch as a part time assistant in 2010 was without a doubt a contributor to this gain. Now with 2011 here and two years of substantial growth, The Lyman Staton Group is poised to add an additional Realtor to their team. When asked about this, Shelley Staton answered eagerly, yet firmly on what she is looking for, stating "We just haven't found the right match yet, but it will happen. This is a big decision and we aren't going to rush into anything. We have a lot to offer someone and want to be sure they are a match before we open that door to the hard work it has taken to get us here.” In addition to the personal, hands on success with Doug, Shelley and Sharman, there is the ever-growing success of their http://www.HomeSoldQuick.com website, averaging 20-30 hits per day. This may be partially due to their past year of posting daily Positive Real Estate News, Daily Deals, Daily Tips and Weekend Events, for the Kansas City Metro areas' general public to share. I would be inattentive if I didn't mention they are "ranked 22nd by location" on Twitter (http://twitter.com/ Relentless in perfection and customer satisfaction, they are the Lyman Staton Group, located in the Reece and Nichols Southgate Office at 7600 State Line Road, Suite 210, Prairie Village, KS 66208. From this office they service Kansas and Missouri cities including but not limited to: Overland Park, Prairie Village, Brookside, Waldo, Mission, Merriam, Leawood, Olathe, Shawnee Mission, Mission Hills, Fairway, Roeland Park, Kansas City and Shawnee. The Lyman Staton Group, comprised of Shelley Staton, Doug Lyman and Sharman Busch, has good character in addition to being a successful real estate team. They are ambitious, resilient, relentless and worthy of being an integral part of your real estate needs. Buying or selling, they have a proven track record and can be trusted to handle it compassionately, yet swiftly. Is there something they can help you with? Call Shelley at 913.449.7208 ~ Doug at 913.219.1006 or visit http://www.HomeSoldQuick.com to get a professional Realtor on your side. # # # We are proud to be helping people with the selling and purchasing of homes and providing innovative online tools, no matter the economy. If you are looking for a house to love or leave the one you don't, we can help. End
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