Tuesday, September 27, 2011

And, Once in a while - GOOD News

* The sluggish economy.
     * Unemployment statistics
          * Washington gridlock
               * Natural disasters
                    * Increases in homelessness and decreases in funding



With all of the doom and gloom, I sometimes think "do I really want to watch the news tonight?".  But, of course, I do anyway.  We need to stay informed.  And once in a while, maybe we can even do something about things.

Responsible Referrals is trying to do something.  We're trying to raise funding for nonprofits serving homeless kids.  We're doing this at no cost to our consumers.  We're doing this at no cost to our participating nonprofits.  Will it work?  Can we provide ANY funding during this dismal real estate economy?

Here's some good news that says "Yes, we can!"

Existing home-sales during August 2011 were (drum roll) UP!  According to a recent National Association of Realtors publication,
Total existing-home sales, which are completed transactions that include single-family, townhomes, condominiums and co-ops, rose 7.7 percent to a seasonally adjusted annual rate of 5.03 million in August from an upwardly revised 4.67 million in July, and are 18.6 percent higher than the 4.24 million unit level in August 2010.
Another article from NAR informs readers that bidding wars are back in the luxury market!  This is really nice for any nonprofit that has a supporter looking for an agent.  If you look at the Guaranteed Donation Program spreadsheet, a $1M home donation would be  nearly $3,200!
Prices of $1 million-plus properties have risen 0.7 percent since February. Meanwhile, prices of homes under $1 million have fallen more than 1.5 percent, according to Zillow.
A rebound in Wall Street has helped fuel a thirst again for mansions in the Hamptons and on Long Island, as well as luxury co-ops in New York City, where closings are returning to 2007 levels. Also, a tech boom is driving sales in the luxury market in Silicon Valley, where twice as many homes have sold for $5 million or more this year than the year prior. 
In an articled entitled "15 Cities Where Listing Prices are Rebounding", you will see some pretty amazing statistics!  In the top 10 cities, list prices are all up between 11% and 27% over last year!  That means that some markets are recovering nicely.  Match the potential donations with these numbers! 

All of these articles were written within the past week - this is current info! So, if you're a nonprofit that works with homeless kids - sign up!  If you're a friend of a nonprofit serving homeless kids - spread the word!  This is just one answer to the steady decline in funding sources faced by every organization in the nation.  We're ready to help!  We're ready to write checks! 

Oh!  Another piece of good news - Saturday is National Coffee Day!  (well, it's good news in my book at least!)

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