Original message
| PaulieShark
   |  "Some home buying stats you may enjoy..."
, Fri 11 Aug 10:27 
I will first post some statistics and then spin them for our marketing efforts...
70.7 Million US Families own their own home. This is a record high of 61.7-percent
$420,000 is the median sales price of a home in the San Francisco Bay area, the most expensive market in the country in 1999.
$69,000 median sales price in Elmira, N.Y., the least expensive market last year.
91.4-percent of homes in Kokomo, IN, that are affordable for families earning the area's median income of $53,500.
11-percent of homes in San Francisco that are affordable for families earning the area's median income of $72,400.
8 weeks was the median amount of time it took in 1999 to sell a home in the Northeast.
4 weeks was the median amount of time it took in 1999 to sell a home in the West.
10 properties are visited before a home buyer settles on one they want--this has been consistant over a decade...
Some observations and conclusions I draw (perhaps irraltionally)
1) The "American Dream" of homeownership is ALIVE and WELL. Non-owners are the REAL minority. People prefer to be in the majority. The pressures to own are great... This is an opportunity for us finding motivated buyers who lack the ability to enjoy traditional financing.
2) The stats about 8 and 4 weeks could be included in a post card to FSBO's or expiring listing homes for sale. These facts can allow it to seem hopeless for them if they don't start looking at alternatives.
3) If the median number of homes veiwed before settling is 10. We're reminded of the REASON to deal only with motivated buyers who NEED you. Do you really want to spend 10-times the effort needed especially if you only have 1 to 5 homes for sale? Why do the work for someone else's deal?
Source: National Association of Home Builders, National Association of Realtors, and the Us Department of Housing and Urban Development.
The only thing worse than being talked about...is not being talked about... Oscar Wilde
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