IMS In The News
Outlook of the Month
News ReleasesMay 23, 2008
For immediate release
"The doom and gloom in media stories about residential real estate ignore positive, healthy activity in many cities across America," says Leon d'Ancona, President of IMS Incorporated, the leading provider of real estate market intelligence to brokers and agents throughout North America.
"There is no doubt," says d'Ancona, "that the US real estate market has taken a huge hit recently. As the effects of the sub-prime mortgage meltdown reverberate across the continent, many homeowners are feeling the pain of loosing their homes."
"The problem with glass-is-half-empty stories is that they have an undue psychological impact on markets that is not borne out by all the facts. We know, because it's our business to know, that there are hundreds of cities and thousands of neighborhoods in the United States right now where the market is very healthy, thank you," states d'Ancona.
In order to focus a spotlight on these vibrant markets for his clients -- real estate brokers and agents, as well as for the public -- d'Ancona has set up a new website: http://www.happyrenews.com/ .
"This month, our Happy News web site lists 2319 markets in the United States where homes are selling well," says d'Ancona, who is only reporting on communities with more than 300 home sales a year. "For example, I think people will be encouraged to see that homes in Loganville, Georgia sold 38.5 per cent faster than they did last month. That's a huge shift. We also know that sales of homes in Avondale, Arizona increased by 64 per cent from the previous month."
d'Ancona, who has been providing market intelligence to brokers and agents throughout the United States and Canada for more than 20 years, will update the website once a month to focus on the many bright spots in the real estate industry. "Now everybody will be able to see beyond the gloom and doom and get the facts which are much more encouraging," says d'Ancona.
For further information, please contact:
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