And not in a good way. We are seeing increases in our prices of milk, interest rates, and now even the movers are feeling the pain and pressure. At www.InvestSmarter.com we are not looking at just the basics of real estate, but what all factors lead to and the end result for all types of business. The article below sheds some interesting facts into not only the Atlanta market, but also markets like the Panama City Beach Florida Condominium market:
Daily Real Estate News June 24, 2008
Movers Are Feeling the Pain
Movers are feeling the pain of both gas prices and slow home sales.Nationwide, household moves dropped nearly 18 percent from January of 2007 to this January, says John Bisney, director of public relations for the American Moving and Storage Association.Erik Christensen, owner of Bulldog Movers in Atlanta, says his revenues have dropped by 20 percent in the last year while fuel costs have climbed from 1 percent of his total costs to 5 percent. Overall, his profits have dropped 50 percent. Meanwhile, the do-it-yourself moving business at U-Haul has been steady. Nearly half of the company's moves take place between Memorial Day and Labor Day, and "it's been business as usual," says Joanne Fried, director of U-Haul's media relations.Source: The Atlanta Journal-Constitution, Rachel Pomerance (06/24/2008)
For more information on property available for sale in Panama City Beach Florida please visit www.panama-city-beach-florida-condominiums.com
Have a wonderful day!
Tuesday, June 24, 2008
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