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Delta Media Group Blog

Thursday, August 27, 2009

New-home sales up nearly 10 percent

July's new-home sales reports show more positive news for the real estate industry.

New-home sales increased by 9.6 percent in July from June, but are still down 13.4 percent from July 2008.

While new-home sales reflect economic and housing trends, they aren't a true reflection of existing-home sale trends, particularly since the first-time home buyer tax credit has likely encouraged many buyers to purchase existing homes rather than new ones.

Check back to Delta Media Group's News blog for future new and existing-home sales numbers.

Monday, August 24, 2009

DMG president Mike Minard helps roll out new Prudential Homesale real estate website

Delta Media Group president Mike Minard was in Lancaster, Pennsylvania today to help roll out Prudential Homesale Services Group's new real estate website and lead management system.

Delta Media Group built Prudential Homesale's new real estate Web system, found online at www.PrudentialHomesale.com. As part of the roll out, Mike spoke to over 500 real estate agents today, and will present to hundreds more tomorrow.

Check back to Delta Media Group's News blog as we'll be posting more information on the Prudential Homesale roll out.

Friday, August 21, 2009

Existing homes selling at record pace

The National Association of REALTORS reported this morning that existing homes are selling at a record pace.

Existing-home sales increased 7.2 percent in July compared with June, and were up 5 percent compared with July of 2008. That marks the largest recorded monthly gain in existing-home sales since NAR began tracking the numbers in 1999.

The sales jump exceeded analysts' forecasts of 5 million sales, sending the annualized rate to 5.24 million properties this year.

Check out CNNMoney's full story for more details, or contact Delta Media Group to see how you can better capitalize on the recovering housing market.

Wednesday, August 5, 2009

PHSI: Pending home sales up for fifth straight month

The National Association of Realtors® reported this morning that pending home sales are up for the fifth straight month.

The Pending Home Sales Index (PHSI) rose 3.6 percent in June, putting it 6.7 percent above June 2008 levels. According to NAR, the PHSI is:
"...released during the first week of each month. It is designed to be a leading indicator of housing activity.
"The index measures housing contract activity. It is based on signed real estate contracts for existing single-family homes, condos and co-ops. A signed contract is not counted as a sale until the transaction closes. Modeling for the PHSI looks at the monthly relationship between existing-home sale contract and transaction closings over the last four years."
-Realtor.org, Pending Home Sales Index
The PHSI has not had five consecutive months of gains since July 2003. The PHSI increase is the latest in a recent list of positive news for the real estate industry, including:

Check back to Delta Media Group's Real Estate News blog for more updates on the housing market.

Tuesday, August 4, 2009

Delta Media Group to attend Inman's Real Estate Connect conference

Will you be attending the Inman Real Estate Connect conference?

Delta Media Group will be at the conference demoing our real estate website and lead management systems, and the many updates and new technology we've released this year.

Real Estate Connect is held annually at the Palace Hotel in San Francisco. It is a leading national conference for real estate technology and innovation, and runs Wednesday, August 5 through Friday, August 7.

If you're attending the conference, make sure to speak with Delta Media Group for more info on how our real estate Web technology can help improve your online profits. If you can't make the conference, contact Delta Media Group for further details on our real estate Web systems.