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Shrinking Inventory Boosts Home Prices. Stabilization is happening across the country! Look at the new numbers.

Core-based statistical area (CBSA)

Single-family change from year ago

Excluding distressed

Chicago-Joliet-Naperville, Ill.

-8.8%

-2.7%

Atlanta-Sandy Springs-Marietta, Ga.

-8.1%

-2.1%

Riverside-San Bernardino-Ontario, Calif.

-3.2%

-1.2%

Los Angeles-Long Beach- Glendale, Calif.

-2.4%

0.6%

Houston- Sugar Land- Baytown, Texas

0.5%

4.1%

Washington-Arlington-Alexandria, D.C.- Va-Md.-W.Va

0.7%

1.8%

Philadelphia, Pa.

0.7%

1.8%

Dallas-Plano-Irving, Texas

1.1%

4.0%

New York- White Plains-Wayne, N.Y-N.J.

2.0%

2.9%

Phoenix-Mesa-Glendale, Ariz

7.7%

4.0%

 

Realtor Destiny. According to the National Association of Realtors (NAR), the number of realtors hit 1.37 million in October 2006. It has declined by nearly 30 percent. Here is the top 10 states with the most realtors per capita.

Joke of the week.

An old man sitting at the mall watched a teenager intently. The teenager had spiked hair in all different colors: green, red, orange, and blue. The old man kept staring at him.

When the teenager was tired of being stared at, he sarcastically asked, “What’s the matter, old man? Never did anything wild in your life?”

The old man did not bat an eye when he responded, “Got drunk once and had sex with a peacock. I was just wondering if you were my son.”

4 Tips to Getting Multiple Offers. The properties in today's market that are receiving multiple offers have a few things in common. Read how to get multiple offers on your listing now.

"Under-banked" Own Smartphones. You would think that the under-banked wouldn't be able to afford a smart phone. But recent reports say otherwise and new apps are being developed for this demographic. Read the full article here.

Coach's Corner. Dirk Zeller's gives 3 easy tips to being a top producing agent  this week's edition of his newsletter. Top-producers are ordinary people who happen to do extraordinary things.

"Iron rusts from disuse; water loses its purity from stagnation; even so does inaction sap the vigors of the mind." - Leonardo Da Vinci

Have a great week!