Three quick thoughts for November based on the Mover’s Moving Index. First, I don’t count existing home portfolio/investor transactions in the Index. Rather, I look at builder and developer activity as a harbinger of overall activity. Thus, the Index does not reflect, but I definitely noticed in compiling it, the relatively large number of portfolio-investor transactions in November. Without knowing more, chalk it up to end-of-year transactions.
Second, the Mover’s Moving Index hit 158 in November. One hundred nine of those were volume-builder transactions and ninety-one of those were our friends at Betenbough Homes. They obviously move the needle on the Index.
Finally, join in the celebration of Rick Betenbough’s life on Wednesday, December 20th. Rick meant a great deal to our corner of the world.