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September 2010

1. The economy is growing, though slowly.
2. The private sector is finally creating some jobs.
3. Consumer confidence remains low, though clearly off bottom.
4. The 30-year mortgage rate is at generational lows.

5. The national median-home price is stabilizing.
6. Other home-price measurements also are showing price stabilization.
7. Home price-to-income ratios have returned to fundamentally justifiable levels.
8. Economists expect price increases in upcoming years
9. Delinquencies are high but recent loan originations are performing well.
10. The long-term path to self reliance may be helped from long-term housing-wealth gains.

Prudential Real Estate Ranked Highest for Seller Satisfaction in J.D. Power and Associates’ 2010 Home Buyer/Seller Study

(Columbia, Missouri) – Prudential Real Estate and Relocation Services, a Prudential Financial, Inc. [NYSE: PRU] company, and Prudential Vision Properties announced that Prudential Real Estate ranks “Highest Overall Satisfaction for Home Sellers Among National Full Service Real Estate Firms” in J.D. Power and Associates’ 2010 Home Buyer/Seller StudySM.

 
The study measures customer satisfaction of home sellers and buyers with major national real estate companies. Overall satisfaction is determined by examining four factors for the home-selling experience: agent (44%); marketing (30%); office (15%); and services (11%).

 
Among home sellers, Prudential Real Estate scored highest on a 1,000-point scale and received particularly high ratings from customers in the marketing and agent factors. This is the second time in three years the Prudential Real Estate Network ranked highest in seller satisfaction. The Network also ranked highest in 2008.

 
“This distinction underscores the satisfaction level and consistency of our network through challenging times in our industry,” said Jim Mallozzi, chairman and CEO, Prudential Real Estate and Relocation Services. “Affiliate to affiliate, our sales professionals are the local-market experts who market and price homes right, while providing attentive service. The more you know us, the more you love us.”

 
Added Earl Lee, president, Prudential Real Estate and Relocation Services: “The Prudential Real Estate Network already enjoys one of the highest average selling prices in the industry. And, this prestigious J.D. Power and Associates designation demonstrates that our sales professionals are representing their customers with distinction.”

The team at Prudential Vision Properties works hard to exceed the expectations of its clients – sellers and buyers alike, explained Jody Calvin, broker/owner, Prudential Vision Properties. “In today’s market, our clients require all the expertise and service we can offer – and by leveraging Prudential’s brand strength, its broad product and service offerings and its effective Internet marketing programs, we provide sellers with the exposure they need for their homes.”

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Welcome to the radio show about all-things real estate with award-winning broadcaster Gil Gross. We deliver everything you need to know about your home, from buying and selling to improving its value… even the current state of the market. 

Listen, Join, and Share in the American Dream!

$100. We’ll start with a hundred dollar bill. Currently the largest U.S. denomination in general circulation. Most everyone has seen them, slightly fewer have owned them. Guaranteed to make friends wherever they go. 

$10,000. A packet of one hundred hundred dollar bills is less than 1/2″ thick and contains ten thousand dollars. Fits in your pocket easily and is more than enough for a week or two of shamefully decadent fun.

$1,000,000. Believe it or not, this next little pile is a million dollars (100 packets of $10,000). You could stuff that into a grocery bag and walk around with it.

$100,000,000. While a measly 1 million dollars looked a little unimpressive, 100 million dollars is a little more respectable. It fits neatly on a standard pallet…

$1,000,000,000. A BILLION dollars… now we’re really getting somewhere…

$1,000,000,000,000. A TRILLION dollars! This is that number we’ve been hearing about so much. What is a trillion dollars? Well, it’s a million million. It’s a thousand billion. And notice that those pallets are double-stacked. So the next time you hear someone toss around the phrase “trillion dollars”… this is what they’re talking about.