Micro Markets are Choppy with Rays of Sunshine

The market is still looking to find its footing and gain traction. Consistent with the previous months of this year the Micro Markets that we are following are all experiencing different types of activity.
April’s closed sales volume is the aftermath of the slow flow of new transactions from February and March. Escrows are averaging 30 [...]

Filed under: Industry and Economic News, Micro Market Updates, Teles News and Press Releases on May 21st, 2008 | No Comments »

Where Prices are “Holding Up” According to the Wall Street Journal

Today, Monday May 20th, the Wall Street Journal published an article that remarkably mirrors Teles Properties’ “Micro Market” conversation.  We have noted repeatedly that neighborhoods do not perform in unison, and not necessarily alike.  Today’s article highlights that opinion.  There are many local markets that have been hit hard by the credit crises, and there [...]

Filed under: Industry and Economic News, Teles News and Press Releases on May 20th, 2008 | No Comments »

If They Gave You the Chance, What Advice Would You Give Your Real Estate Company?

At Teles Properties, you, our client, come first. Your needs, your concerns and your
experience as a seller or buyer are critical to us.
Long before we opened our doors, we examined our own experiences as agents,
as managers and, very importantly, as property owners and investors. From those
conversations emerged the foundation of our company’s values, philosophy and [...]

Filed under: Community Feedback on May 15th, 2008 | No Comments »

Is the housing crises coming to an end?

Some economists are starting to talk about an end to the housing crises. The article below by Cyril Moulle-Berteaux was printed in today’s Wall Street Journal. She makes a lucid argument that while the pain is not yet over - the beginning of the end is at hand. We would be interested [...]

Filed under: Industry and Economic News, Teles News and Press Releases on May 12th, 2008 | No Comments »

Warren Buffett believes that the end of credit crunch is near

At his recent annual meeting of Berkshire Hathaway stockholders, Warren Buffet expressed considerable optimism that the worst of the credit crunch is behind us and that there are good opportunities in the bond and equity markets. While Buffett criticized the regulators for creating the climate for the subprime mortgage mess, he also credited the Federal [...]

Filed under: Industry and Economic News, Teles News and Press Releases on May 6th, 2008 | No Comments »