News, Commentary, & Analysis. Feb. 27, 2014. #RealEstate #Insurance #Economics

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1) The tiny houses costing only $5,000 that are playing their small part to help solve homelessness | Mail Online

2) Improvements to the Producer Price Index measure: the Final-Demand—Intermediate-Demand system : Beyond the Numbers : U.S. Bureau of Labor Statistics

3) Property Managers Should Make Suggestions To Help Improve Your Return On Investment

4) Heat Builds for Banks: New York AG to Push for More Foreclosure Responsibility | Bank Foreclosures Sale Article

5) How Can Customer Service Affect Resident Retention | Property Management Minutes

  1.    The tiny houses costing only $5,000 that are playing their small part to help solve homelessness | Mail Online

    The pros and cons of tiny-house communities for the homeless?

    The group has already built a house which cost about $5,000, fits a double bed with overhead storage, a small table and a small room with a compostable toilet.


    The current home has no plumbing or electricity, but is insulated and has a propane heater to get the residents through the harsh Wisconsin winters.


    Thirty people are living in them now, and he expects 40 to 45 to ultimately be there. The houses don’t have electricity, water, bathrooms, showers or kitchens, but separate shared buildings do.

    They have done it all for less than $100,000, which is about half the median home price in Eugene, all from private donors with no taxpayer money. He said the story has changed from how tent cities were a problem in America to how the community is banding together.

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  2.    Improvements to the Producer Price Index measure: the Final-Demand—Intermediate-Demand system : Beyond the Numbers : U.S. Bureau of Labor Statistics

    Price trends: producer inflation remains low in 2013

    The PPI for final demand advanced 1.1 percent in 2013 after rising 1.9 percent in 2012. Almost three-quarters of the slower rate of increase can be traced to prices for final-demand services, which moved up 1.3 percent following a 2.2-percent gain the previous year. The index for final-demand goods also rose less than it did in 2012, 0.7 percent compared with 1.4 percent. (See chart 1.) In contrast, prices for final-demand construction climbed 3.0 percent in 2013 after moving up 1.4 percent the previous year. Within intermediate demand, the index for processed goods was unchanged following a small increase in 2012, prices for unprocessed goods turned downward in 2013, and the index for services moved up at a slower rate than it did the previous year. (See table 1.)

    This points to disinflation, which is the exact opposite of what the Fed has been saying it wants. Will it continue the taper? Will it push harder for Congress to increase fiscal spending so the Fed may continue the taper without so negatively impacting the global and US economies?

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  3.    Property Managers Should Make Suggestions To Help Improve Your Return On Investment

    2) Improve Landscaping. If the outdoor landscaping isn’t on a consistent maintenance program it should be. Drought resistant plants, hardscaping, and other low-maintenance improvements will help improve the aesthetics and reduce maintenance costs.

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  4.    Heat Builds for Banks: New York AG to Push for More Foreclosure Responsibility | Bank Foreclosures Sale Articles

    New York Attorney General Eric Schneiderman, long a fierce advocate for homeowners and an ardent enemy of big banks, is targeting banks who have an abundance of abandoned foreclosure properties, the kind that stay on a bank’s ledgers and contribute to price drops and neighborhood blight but aren’t being marketed or sold to prospective buyers.

    Currently, one can find blocks full of vacant foreclosures across the country, not just in metro areas like Detroit, Cleveland, and Las Vegas but in suburbs. Banks that own these properties do little more than place the property for auction when it initially falls into foreclosure — leaving them open for vandalism, squatting, and other dangers.

    Plus, each foreclosure that stays on the market and isn’t purchased creates a negative pressure on nearby prices, which further contributes to real estate problems.

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  5.    How Can Customer Service Affect Resident Retention | Property Management Minutes

    How often are residents thanked for the choice to live at a property?

    Most choices for housing involve long term commitments, buying a house or a condo, mortgage etc. Individuals who rent can make a change in an instant, granted breaking a lease has financial consequences, but an unsatisfied resident has the ability to mmake a change right now.

    Taking the time to acknowledge the length of time a resident has lived at a property, thanking them for their continued loyalty, asking if any service or assistance is needed, can reinforce that commitment.

    Read the rest for some nice tips.

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