Forecast calls for fewer home sales
Typical home values are predicted to rise 6.5 percent from July 2023 through July 2024, as tight inventory conditions continue to place upward pressure on home prices, according to Zillow.
“Just over half as many homes were listed for sale in July compared to the same month in 2019, and 29 percent fewer new listings entered the market in July than what was typical this time of year prior to the pandemic. This shortage has buoyed competition for the homes that are for sale,” according to a statement from the real estate website.
“The tight inventory conditions and the persistence of elevated mortgage rates are also expected to continue to limit sales volume in the months to come. Zillow expects 4.2 million home sales to occur in 2023, in line with previous vintages, which would represent a 17 percent decline from 2022.”
Global Shop Solutions, a provider of ERP software for manufacturers, is celebrating 15 years of hosting its free Friday Features training webinars.
Each webinar covers a core feature of the software such as job costing, inventory management, scheduling, and other features that improve shop floor efficiency.
“I don’t know of any other company that puts their CEO, head trainer, and head customer success manager in a ‘live fire’ situation in front of hundreds of customers every week,” said Dusty Alexander, the company’s president and CEO. “Every session there’s something new and cool we’re doing at Global Shop Solutions — something core in the system that we believe our customers could capitalize on learning. We always learn something in return, and that feels good.”
PaintLine announces the addition of Lancaster to its distribution network. Lancaster services over 10,000 retail locations, including national, regional and independent paint retailers, home improvement centers, hardware stores, industrial suppliers and woodworking supply houses.
“We’re really excited about our new relationship with Lancaster,” Kyle Robinson, CEO of PaintLine, said in a statement. “Working with them provides a lot more awareness and exposure at literally thousands of stores across the U.S.
PaintLine provides drying racks, spray stands and other process-oriented product solutions.
Cyncly, a software provider, has named Ashley Heydet as its new senior vice president of sales for North America.
“Ashley is a proven leader,” says Matthew Blosl, Cyncly’s chief revenue officer. “She will be instrumental in shaping our growth strategy and fulfilling our commitment to partnering with our clients in North America.”
This article was originally published in the October 2023 issue.
