Tuesday, February 20, 2007

Warm U.S. weather to prevail in March - Potential good news for the real estate markets.

The following article from WSI Corp. (WSI Corporation is the world's leading provider of weather-driven business solutions with top clients including CNN, FOX, NBC, American Airlines, Delta, and FedEX. WSI's innovative products, services and software satisfy the professional weather needs of the most demanding media, aviation, energy trading and utility customers in the world) forecasts warmer than usual temperatures for March for most of the nation.

This is potentially important news for the midwest as it could lead to a resurgence of Buyer activity in the local markets as the cold weather spell that we have experienced since mid-January fades away. As we saw a high-degree of activity in the first two weeks of January when temperatures were warmer than usual, I predict we will see a step-increase in buyer showings and offers as we move into next week and then into March. Along with the warmer temperatures, mortgage rates are continuing to weaken, with 30 year fixed rates falling below 6% for the first time in several months.

As I believe buyer activity will accelerate, it is imporant for sellers to recognize that it may be in their best interests to prepare and list their properties sooner than they may have been planning. Typically many sellers wait until late March or even April to put their properties on the market. If a potential seller waits another 30 to 45 days, I am afraid they will miss the potential wave of buyer showings that I expect to occur over the next several weeks.

If you are either buying or selling, please contact us so we can assist you in your efforts. We have marketing programs for sellers that can potentially save them thousands versus a traditional real estate transaction based on a 6% commission structure.

As well, we offer a buyer credit program wherein buyers who agree to work with us on an exclusive basis can receive a credit at closing of up to 20% of our commission, for properties listed in the Multiple Listing Service, that are offering a 3% co-op, and that are not listings of Help-U-Sell North High Realty.

We stand ready to serve and positioned to save our clients thousands.

Vito Boscaino
Help-U-Sell North High Realty
office: 614.447.3050

"Warm U.S. weather to prevail in March: WSI
Mon Feb 19, 2007 9:33pm ET

NEW YORK (Reuters) - Temperatures will be above normal in most parts of the United States through March, spelling a mild end to the winter heating season, private forecaster WSI Corp. said on Monday.

After deep cold in late January and into February that spiked demand for heating oil and natural gas, March temperatures will average above normal in all regions of the country except part of the South, WSI said.

"The warmer March outlook should help to keep gas inventories at or above the five-year average," WSI said in a press release.

April will average warmer than normal in the Northeast and the Northwest, but cooler than normal in the middle of the country, WSI said in the release.

Winter weather can have significant impact on world oil prices by altering demand for heating fuels. A recent spell of frigid temperatures in the United States that began in late January pushed crude prices back near $60 a barrel.

© Reuters 2007. All Rights Reserved. "

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