Market update from MJM in FLA
This week ends with a healthy 15 new single family residences going under agreement. The average for the first 3 weeks in July is 15.6, which bests June's monthly average of 13.
This year is continuing to be unpredictable and not following the normal curve in any way. It has to be the rates that are driving this sales activity.
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FALL RIVER — Fall River and area towns had unemployment rates drop in June, mirroring a statewide trend and continuing a month-over-month improvement since the start of the year.
A remarkable week at 22 new single family residences going Under Agreement (U/A). We haven't had a week like this since the first week in May (when we had 24 U/A's) and that was the highest week in 2010. The previous 2 weeks together totaled 22. If this is a trend, it is a good one and has to be a result of these low interest rates. If this was another lousey week we'd probably be blaming it on all the heat. GO FIGURE!
Weekly synopsis of the local real estate market are proved by Michael J. McNally and posted on our facebook 'Disscusion Board'.
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For Sheri Ponte, a career in real estate is not only interesting, but a good fit with her busy life. She’s been a Realtor with the Kinnane Group Inc., with offices in Fall River and Tiverton, for the past three years."I like the flexibility of not having to go to a job every day," Ponte said. "It’s not full-time if I don’t want it to be."
Kinnane Group adds new Appraiser
Kristen Kidd of Portsmouth, RI becomes the newest residential appraiser at the Kinnane Group. Kristin comes to us with several years of experience serving the local real estate market having initially worked as an appraiser for the IE Morss Agency of Westport, MA in 2003. Since that time Kristen has worked full time as a real estate appraiser and is not only a Certified Residential Appraiser In Rhode Island and Massachusetts, but is FHA approved in both states as well. Amongst her long list of professional development, continuing education courses and seminars, the core of her education has focused on real estate analysis, residential design and construction as well as appraisal processing and technology.
Kristen provides a fine compliment to our existing staff and is well known for her professionalism, thoroughness and efficiency in appraisal research and report processing.