184 views
Christina Ethridge
"Come Live the Lifestyle"
- 10 Helpful Answers
- 21 Answers
- 16 Listings
Locations:
Profile Link:
Experience:
Owner for SKE Realty Group LLC
January 2009—present
Real Estate Brokerage serving the greater Coeur d'Alene area. Cutting Edge Service is…
Real Estate Brokerage serving the greater Coeur d'Alene area. Cutting Edge Service is…
Realtor for GMAC Real Estate Northwest
June 2006—December 2008
... show more
Specialties:
Extensive experience in:
Residential, Multi-Family ... show more
Residential, Multi-Family ... show more
About:
I'm crazy about real estate and (well, perhaps I'm just crazy, but either way) I love helping people "Come Live the Lifestyle" in stunningly beautiful
... show more
Christina Ethridge answered:
Not sure if these are the trends you are looking for, but here something:
* Nationally, new home construction makes up less than 12% of all home sales.
* In Kootenai County, it was at 32% for quite a while.
* Recently, Kootenai County's new construction sales are down to 27% of all home sales and *appear* to be decreasing.
This is actually very good news for home owners because right now, competition is new construction, REO's and short sales. With new home sales decreasing, it allows resales to increase. New construction has been keeping resales prices suppressed, in other words - if you want to sell a home you've lived in, you'd have to price it BELOW new construction comparables right now, even though your home is likely to have more upgrades, full landscaping, etc.
However, it's not necessarily good news for everyone... in an economy that is somewhat heavily dependent upon construction jobs, this means more people will either be out of work or looking for work in other locales - either working out of town or moving out of town.
Overall, I firmly believe that a strong decrease in new construction sales will ultimately be much better for our housing economy.
* Nationally, new home construction makes up less than 12% of all home sales.
* In Kootenai County, it was at 32% for quite a while.
* Recently, Kootenai County's new construction sales are down to 27% of all home sales and *appear* to be decreasing.
This is actually very good news for home owners because right now, competition is new construction, REO's and short sales. With new home sales decreasing, it allows resales to increase. New construction has been keeping resales prices suppressed, in other words - if you want to sell a home you've lived in, you'd have to price it BELOW new construction comparables right now, even though your home is likely to have more upgrades, full landscaping, etc.
However, it's not necessarily good news for everyone... in an economy that is somewhat heavily dependent upon construction jobs, this means more people will either be out of work or looking for work in other locales - either working out of town or moving out of town.
Overall, I firmly believe that a strong decrease in new construction sales will ultimately be much better for our housing economy.
|
MVPs or 'Most Valuable Players' are key Trulia Voices members who have been contributing high-quality content throughout 2008 and providing valuable advice to consumers and real estate professionals.
|
|
|
Founding members are a small number of participants who submitted content at launch of Trulia Voices to kick off community discussions.
|
|
|
Your question:
Max. 200 characters
Name:
Email:
|
|
Share profile
Contact Christina Ethridge
Christina Ethridge is a member of Trulia Voices:
Get the inside scoop on your area and home buying and selling.
Ask and answer questions about real estate.
Build your profile and contact home buyers, sellers and agents.
Report this profile
|
|
|
|
|||||||||||
|
|
|
|
|
|
Copyright © 2009
Trulia, Inc. All rights reserved. |
Fair Housing and Equal Opportunity
Fair Housing and Equal Opportunity
Help us improve our service—send us feedback