market … look out!
The Long & Foster Cos. today
reported January sales for all of its companies totaled $3.6 billion, an
increase of 24 percent over January 2004, marking the best January in the
company’s 37-year history.
The numbers include: Long & Foster Real Estate Inc. with January sales of
$2.6 billion, up 27 percent on 8,117 property transactions; Prosperity Mortgage,
the firm’s mortgage affiliate, reported $256 million in volume of business, an 8
percent decrease over the same month of the previous year, with the decline
being in large part due to a decrease in strong refinancing business in
Strong numbers were
also posted by Long & Foster Insurance, with $169 million, up 4 percent; and
Mid-States Title with $587 million for the month, up 39 percent over the
have been unprecedented throughout the year,” Wes Foster, chairman of the board
and chief executive officer of The Long & Foster Cos., said. “This
underscores the economics that are driving the region’s housing market ?
household growth, a stronger job market, low interest rates and a good
Inman had the story.