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	<title>Bill Brundage, Coldwell Banker Realty, Realtor, Bloomfield Hills, Birmingham, Sylvan Lake, Oakland Township, Lake Orion, Michigan, MI, Real Estate, Homes, Luxury, Estates</title>
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	<link>http://williambrundage.com</link>
	<description>Bill Brundage, Coldwell Banker Realty, Realtor, Bloomfield Hills, Birmingham, Sylvan Lake, Oakland Township, Lake Orion, Michigan, MI, Real Estate, Homes, Luxury, Estates</description>
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		<title>Zillow Faces Lawsuit over Zestimate</title>
		<link>http://williambrundage.com/2017/05/27/zillow-faces-lawsuit-over-zestimate/</link>
		<comments>http://williambrundage.com/2017/05/27/zillow-faces-lawsuit-over-zestimate/#comments</comments>
		<pubDate>Sat, 27 May 2017 19:07:15 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Blog]]></category>
		<category><![CDATA[Birmingham Homes]]></category>
		<category><![CDATA[Birmingham Real Estate]]></category>
		<category><![CDATA[Birmingham Realtor]]></category>
		<category><![CDATA[Bloomfield Hills homes]]></category>
		<category><![CDATA[Bloomfield Hills real estate]]></category>
		<category><![CDATA[bloomfield hills realtor]]></category>
		<category><![CDATA[sylvan lake homes]]></category>
		<category><![CDATA[sylvan lake real estate]]></category>
		<category><![CDATA[Sylvan Lake realtor]]></category>
		<category><![CDATA[West Bloomfield Homes]]></category>
		<category><![CDATA[West Bloomfield Real Estate]]></category>
		<category><![CDATA[West Bloomfield Realtor]]></category>
		<category><![CDATA[Zestimate]]></category>
		<category><![CDATA[Zestimates]]></category>
		<category><![CDATA[Zillow]]></category>

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		<description><![CDATA[Relying on Zillow&#8217;s Zestimate? Please don&#8217;t. Zillow voluntarily publishes on their website that their Zestimate is inaccurate 60% of the time for southeast Michigan. Click here to view the story featured on Good Morning America.]]></description>
			<content:encoded><![CDATA[<p>Relying on Zillow&#8217;s Zestimate? Please don&#8217;t. Zillow voluntarily publishes on their website that their Zestimate is inaccurate 60% of the time for southeast Michigan. <a href="https://youtu.be/qXDNyqk64bY" target="_blank">Click here</a> to view the story featured on Good Morning America.</p>
]]></content:encoded>
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		<title>Springtime in Sylvan Lake</title>
		<link>http://williambrundage.com/2017/04/28/springtime-in-sylvan-lake/</link>
		<comments>http://williambrundage.com/2017/04/28/springtime-in-sylvan-lake/#comments</comments>
		<pubDate>Fri, 28 Apr 2017 14:51:06 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Blog]]></category>
		<category><![CDATA[Sylvan Lake]]></category>
		<category><![CDATA[sylvan lake homes]]></category>
		<category><![CDATA[Sylvan Lake Living]]></category>
		<category><![CDATA[sylvan lake real estate]]></category>
		<category><![CDATA[Sylvan Lake real estate agent]]></category>
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		<guid isPermaLink="false">http://williambrundage.com/?p=3024</guid>
		<description><![CDATA[Any agent can sell volume. It takes a real estate professional to sell value. William Brundage – Experience The Difference Between an Agent and a Professional Named Best Realtor by The Oakland Press Named Real Estate All Star by Hour Magazine Designated Previews Luxury Home Specialist by Coldwell Banker William Brundage is an industry leading, award winning Realtor bringing over twenty years of experience to [...]]]></description>
			<content:encoded><![CDATA[<p>Any agent can sell volume. It takes a real estate professional to sell value.</p>
<p><strong>William Brundage – <em>Experience The Difference Between an Agent and a Professional</em></strong></p>
<p>Named <strong><em>Best Realtor</em></strong> by <strong>The Oakland Press</strong><br />
Named <strong><em>Real Estate All Star</em></strong> by <strong>Hour Magazine</strong><br />
Designated <em><strong>Previews Luxury Home Specialist</strong></em> by <strong>Coldwell Banker</strong></p>
<p>William Brundage is an industry leading, award winning Realtor bringing over twenty years of experience to successfully marketing and selling fine homes and estates. His dedication to his clients and our community places him in the <em><strong>Top 1%</strong> <strong>Nationwide</strong></em>. Personalized service and client satisfaction are paramount. William is committed to getting you the best price and terms in the shortest amount of time.</p>
<p>Cell: 248-980-2455<br />
Email: <a href="mailto:william@williambrundage.com">william@williambrundage.com</a><br />
Website: <a href="http://www.williambrundage.com/">www.SylvanLakeLiving.com</a></p>
]]></content:encoded>
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		<title>Thank You!</title>
		<link>http://williambrundage.com/2017/01/31/thank-you/</link>
		<comments>http://williambrundage.com/2017/01/31/thank-you/#comments</comments>
		<pubDate>Tue, 31 Jan 2017 20:33:05 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Blog]]></category>

		<guid isPermaLink="false">http://williambrundage.com/?p=3013</guid>
		<description><![CDATA[To all of my clients, friends, and colleagues – Thank you for your support! Exciting evening last night at the Coldwell Banker Weir Manuel awards event. Proud to share with you my “Big Deal” award for selling the #1 most valuable property companywide and the #3 most valuable property in all of Oakland County at [...]]]></description>
			<content:encoded><![CDATA[<p>To all of my clients, friends, and colleagues – Thank you for your support! Exciting evening last night at the Coldwell Banker Weir Manuel awards event. Proud to share with you my “Big Deal” award for selling the #1 most valuable property companywide and the #3 most valuable property in all of Oakland County at $3.7 million, and my “Circle of Excellence” award for placing #3 in the Birmingham office and #8 companywide for gross home sales. This is my second year in a row to earn both of these honors. Congratulations to my colleagues who won as well! It’s always fun to win with friends!</p>
<p><strong>William Brundage – <em>Experience The Difference Between an Agent and a Professional</em></strong></p>
<p>Named <strong><em>Best Realtor</em></strong> by <strong>The Oakland Press</strong><br />
Named <strong><em>Real Estate All Star</em></strong> by <strong>Hour Magazine</strong><br />
Designated <em><strong>Previews Luxury Home Specialist</strong></em> by <strong>Coldwell Banker</strong></p>
<p>William Brundage is an industry leading, award winning Realtor bringing over twenty years of experience to successfully marketing and selling fine homes and estates. His dedication to his clients and our community places him in the <em><strong>Top 1%</strong> <strong>Nationwide</strong></em>. Personalized service and client satisfaction are paramount. William is committed to getting you the best price and terms in the shortest amount of time.</p>
<p>Cell: 248-980-2455<br />
Email: <a href="mailto:william@williambrundage.com">william@williambrundage.com</a><br />
Website: <a href="http://www.williambrundage.com/">www.WilliamBrundage.com</a></p>
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		<title>SOLD! Breaking Sales Records</title>
		<link>http://williambrundage.com/2016/10/29/sold-breaking-sales-records/</link>
		<comments>http://williambrundage.com/2016/10/29/sold-breaking-sales-records/#comments</comments>
		<pubDate>Sat, 29 Oct 2016 13:29:23 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Blog]]></category>

		<guid isPermaLink="false">http://williambrundage.com/?p=2982</guid>
		<description><![CDATA[SOLD!  $3,700,000 ••• My Latest Record Breaking Sale ••• Most Valuable 2016 Sale at Coldwell Banker Weir Manuel 3rd Most Valuable 2016 Sale In All Of Oakland County William Brundage – Experience The Difference Between an Agent and a Professional Named Best Realtor by The Oakland Press Named Real Estate All Star by Hour Magazine Designated Previews Luxury Home Specialist by Coldwell Banker William Brundage is an [...]]]></description>
			<content:encoded><![CDATA[<p><span style="color: #3366ff;"><strong>SOLD!  $3,700,000</strong></span><br />
<span style="color: #3366ff;">••• <em>My Latest Record Breaking Sale</em> •••</span><br />
<span style="color: #3366ff;">Most Valuable 2016 Sale at Coldwell Banker Weir Manuel</span><br />
<span style="color: #3366ff;">3rd Most Valuable 2016 Sale In All Of Oakland County</span></p>
<p><strong>William Brundage – <em>Experience The Difference Between an Agent and a Professional</em></strong></p>
<p>Named <strong><em>Best Realtor</em></strong> by <strong>The Oakland Press</strong><br />
Named <strong><em>Real Estate All Star</em></strong> by <strong>Hour Magazine</strong><br />
Designated <em><strong>Previews Luxury Home Specialist</strong></em> by <strong>Coldwell Banker</strong></p>
<p>William Brundage is an industry leading, award winning Realtor bringing over twenty years of experience to successfully marketing and selling fine homes and estates. His dedication to his clients and our community places him in the <em><strong>Top 1%</strong> <strong>Nationwide</strong></em>. Personalized service and client satisfaction are paramount. William is committed to getting you the best price and terms in the shortest amount of time.</p>
<p>Cell: 248-980-2455<br />
Email: <a href="mailto:william@williambrundage.com">william@williambrundage.com</a><br />
Website: <a href="http://www.williambrundage.com/">www.WilliamBrundage.com</a></p>
]]></content:encoded>
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		<title>My Radio Debut</title>
		<link>http://williambrundage.com/2016/09/20/radio-commercial/</link>
		<comments>http://williambrundage.com/2016/09/20/radio-commercial/#comments</comments>
		<pubDate>Tue, 20 Sep 2016 13:35:51 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Blog]]></category>

		<guid isPermaLink="false">http://williambrundage.com/?p=2945</guid>
		<description><![CDATA[Click this link www.dropbox.com/sh/uukwxj3uvvqg5fh/AAAqapBXATc_eO4c3Re_InXca?dl=0 to hear the radio commercial recorded by me for Coldwell Banker Weir Manuel. It also includes the commercial recorded by the CEO of CBWM, Kelly Sweeney: Both of these commercials are currently airing on WWJ Newsradio 950. William Brundage – Experience The Difference Between an Agent and a Professional Named Best Realtor by The Oakland Press Named Real Estate [...]]]></description>
			<content:encoded><![CDATA[<p>Click this link <a href="https://www.dropbox.com/sh/uukwxj3uvvqg5fh/AAAqapBXATc_eO4c3Re_InXca?dl=0" target="_blank">www.dropbox.com/sh/uukwxj3uvvqg5fh/AAAqapBXATc_eO4c3Re_InXca?dl=0</a> to hear the radio commercial recorded by me for Coldwell Banker Weir Manuel. It also includes the commercial recorded by the CEO of CBWM, Kelly Sweeney: Both of these commercials are currently airing on WWJ Newsradio 950.</p>
<p><strong>William Brundage – <em>Experience The Difference Between an Agent and a Professional</em></strong></p>
<p>Named <strong><em>Best Realtor</em></strong> by <strong>The Oakland Press</strong><br />
Named <strong><em>Real Estate All Star</em></strong> by <strong>Hour Magazine</strong><br />
Designated <em><strong>Previews Luxury Home Specialist</strong></em> by <strong>Coldwell Banker</strong></p>
<p>William Brundage is an industry leading, award winning Realtor bringing over twenty years of experience to successfully marketing and selling fine homes and estates. His dedication to his clients and our community places him in the <em><strong>Top 1%</strong> <strong>Nationwide</strong></em>. Personalized service and client satisfaction are paramount. William is committed to getting you the best price and terms in the shortest amount of time.</p>
<p>Cell: 248-980-2455<br />
Email: <a href="mailto:william@williambrundage.com">william@williambrundage.com</a><br />
Website: <a href="http://www.williambrundage.com/">www.WilliamBrundage.com</a></p>
]]></content:encoded>
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		<title>Humbling Testimonial</title>
		<link>http://williambrundage.com/2016/02/18/humbling-testimonial/</link>
		<comments>http://williambrundage.com/2016/02/18/humbling-testimonial/#comments</comments>
		<pubDate>Thu, 18 Feb 2016 14:25:31 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Blog]]></category>

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		<description><![CDATA[Thank you for such kind and generous words, Jesse. -William]]></description>
			<content:encoded><![CDATA[<p>Thank you for such kind and generous words, Jesse.<br />
-William</p>
]]></content:encoded>
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		<title>William Designated &#8220;Previews Specialist&#8221;</title>
		<link>http://williambrundage.com/2016/02/16/william-designated-previews-specialist/</link>
		<comments>http://williambrundage.com/2016/02/16/william-designated-previews-specialist/#comments</comments>
		<pubDate>Tue, 16 Feb 2016 22:23:58 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Blog]]></category>

		<guid isPermaLink="false">http://williambrundage.com/?p=2826</guid>
		<description><![CDATA[WILLIAM BRUNDAGE Designated Previews International Property Specialist About COLDWELL BANKER Previews International: In 1906, Colbert Coldwell founded a real estate company with a revolutionary philosophy: To serve the customer’s best interests. This mission became a cornerstone of the COLDWELL BANKER brand, bolstering a legacy that eventually encompassed the Previews program. Founded in 1933 by Henderson [...]]]></description>
			<content:encoded><![CDATA[<p><strong>WILLIAM BRUNDAGE</strong><br />
<strong><span style="text-decoration: underline;">Designated Previews International Property Specialist</span></strong></p>
<p><strong>About COLDWELL BANKER <em>Previews International</em>:</strong> In 1906, Colbert Coldwell founded a real estate company with a revolutionary philosophy: To serve the customer’s best interests. This mission became a cornerstone of the COLDWELL BANKER brand, bolstering a legacy that eventually encompassed the <em>Previews</em> program. Founded in 1933 by Henderson Talbot, <em>Previews</em> redefined luxury real estate marketing by capturing prized estate homes on film and held exclusive gatherings for affluent buyers to preview them as cinema. Over 80 years later, COLDWELL BANKER <em>Previews International</em> continues to set the benchmark for luxury real estate marketing worldwide.</p>
<p>Coldwell Banker Previews sells $106 MILLION in luxury sales EACH DAY (average sales price is $1.9 million). Previews Property Specialists listed over 5,000 homes valued at more than $3 million.</p>
<p><strong>William Brundage</strong> is an industry leading, award winning real estate professional who has earned many honors, including earning the COLDWELL BANKER <em>Previews International Property Specialist</em> designation. To date, only 8% of more than 97,000 COLDWELL BANKER sales associates worldwide have been awarded this designation. COLDWELL BANKER <em>Previews International</em> is a comprehensive marketing effort designed specifically for marketing luxury residential properties to affluent buyers worldwide. Through the success of this initiative, COLDWELL BANKER <em>Previews International</em> is a world leader in the marketing of luxury homes.</p>
<p>In 2015, two of the five most valuable residential home sales in Oakland County were listed and sold by COLDWELL BANKER WEIR MANUEL of Birmingham. The first was sold for $4,850,000 in Bloomfield Hills, and the second &#8211; listed and sold by William Brundage &#8211; was sold for $3,300,000 on Lake Angelus.</p>
<p>________________________________________________________________________________________</p>
<p><strong>William Brundage – <em>Experience The Difference Between an Agent and a Professional</em></strong></p>
<p>Named <strong><em>Best Realtor</em></strong> by <strong>The Oakland Press</strong><br />
Named <strong><em>Real Estate All Star</em></strong> by <strong>Hour Magazine</strong><br />
Designated <em><strong>Previews Luxury Home Specialist</strong></em> by <strong>Coldwell Banker</strong></p>
<p>William Brundage is an industry leading, award winning Realtor bringing over twenty years of experience to successfully marketing and selling fine homes and estates. His dedication to his clients and our community places him in the <em><strong>Top 1%</strong> <strong>Nationwide</strong></em>. Personalized service and client satisfaction are paramount. William is committed to getting you the best price and terms in the shortest amount of time.</p>
<p>Cell: 248-980-2455<br />
Email: <a href="mailto:william@williambrundage.com">william@williambrundage.com</a><br />
Website: <a href="http://www.williambrundage.com/">www.WilliamBrundage.com</a></p>
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		<title>Sylvan Lake&#8217;s #1 Top Selling Resident Realtor</title>
		<link>http://williambrundage.com/2016/01/20/1-top-selling-sylvan-lake-realtor/</link>
		<comments>http://williambrundage.com/2016/01/20/1-top-selling-sylvan-lake-realtor/#comments</comments>
		<pubDate>Wed, 20 Jan 2016 03:30:13 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Blog]]></category>

		<guid isPermaLink="false">http://williambrundage.com/?p=2771</guid>
		<description><![CDATA[#1 &#8211; William Brundage is Sylvan Lake&#8217;s Top Selling Resident Realtor in 2015 with more than $20,000,000 in total home sales. Thank you, Sylvan Lake! Without you I wouldn&#8217;t be able to do what I love every day. Have an amazing 2016! Any agent can sell volume. It takes a real estate professional to sell [...]]]></description>
			<content:encoded><![CDATA[<p>#1 &#8211; William Brundage is Sylvan Lake&#8217;s Top Selling Resident Realtor in 2015<br />
with more than $20,000,000 in total home sales.</p>
<p><em>Thank you, Sylvan Lake!</em><br />
Without you I wouldn&#8217;t be able to do what I love every day.<br />
Have an amazing 2016!</p>
<p>Any agent can sell volume. It takes a real estate professional to sell value.</p>
<p>________________________________________________________________________________________</p>
<p style="text-align: left;"><strong style="color: #888888;">William Brundage – <em>Experience The Difference Between an Agent and a Professional</em></strong></p>
<p>Named <strong><span style="color: #888888;"><em>Best Realtor</em></span></strong> by <span style="color: #888888;"><strong>The Oakland Press</strong></span><br />
Named <span style="color: #888888;"><strong><em>Real Estate All Star</em></strong></span> by <span style="color: #888888;"><strong>Hour Magazine</strong></span><br />
Designated <span style="color: #888888;"><em><strong>Previews Luxury Home Specialist</strong></em></span> by <span style="color: #888888;"><strong>Coldwell Banker</strong></span></p>
<p style="text-align: left;">William Brundage is an industry leading, award winning Realtor bringing over twenty years of experience to successfully marketing and selling fine homes and estates. His dedication to his clients and our community places him in the <em><span style="color: #888888;"><strong>Top 1%</strong></span> <span style="color: #888888;"><strong>Nationwide</strong></span></em>. Personalized service and client satisfaction are paramount. William is committed to getting you the best price and terms in the shortest amount of time.</p>
<p>Cell: 248-980-2455<br />
Email: <a href="mailto:william@williambrundage.com">william@williambrundage.com</a><br />
Website: <a href="http://www.williambrundage.com/">www.SylvanLakeLiving.com</a></p>
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		<title>How Homes Kept Cool Before the Age of A/C</title>
		<link>http://williambrundage.com/2015/07/29/how-homes-kept-cool-before-the-age-of-ac/</link>
		<comments>http://williambrundage.com/2015/07/29/how-homes-kept-cool-before-the-age-of-ac/#comments</comments>
		<pubDate>Wed, 29 Jul 2015 16:37:22 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Blog]]></category>

		<guid isPermaLink="false">http://williambrundage.com/?p=2723</guid>
		<description><![CDATA[By SolarCity The modern air conditioner was invented only in the 1920s, and it didn’t become a common home feature until the latter half of the 20th century. But, while some of us might wonder how our grandparents survived hot and steamy summers, the fact is those older homes had a few tricks up their sleeves. They were [...]]]></description>
			<content:encoded><![CDATA[<p><a href="http://blog.solarcity.com/how-homes-kept-cool-before-the-age-of-ac" target="_blank">By SolarCity</a></p>
<p>The modern air conditioner was invented only in the 1920s, and it didn’t become a common home feature until the latter half of the 20th century.</p>
<p>But, while some of us might wonder how our grandparents survived hot and steamy summers, the fact is those older homes had a few tricks up their sleeves. They were designed and built with features to help them stay cool without AC.</p>
<p>Mary Wheeler Schap is a registered architect who designs and restores historic buildings to their former glory in Cincinnati, Ohio. She offered this expert insight into the features that made older homes livable in the heat.</p>
<p><strong>Airflow</strong></p>
<p>In northern states, it was common to create a “stack effect” by opening windows in the basement and top floor. This generated a cool breeze through the house. Further south, before AC many homes were built on blocks, allowing breezes to flow underneath and help keep them cool all summer long.</p>
<p><strong>Tall ceilings</strong></p>
<p>Ceilings as high as 10, 12 and even 14 feet were common in older homes. As heat rose to the ceiling, lower areas stayed cool and comfortable. Ceiling fans—powered by electricity or elaborate rope systems—also facilitated air movement.</p>
<p><strong>Transoms</strong></p>
<p>A transom—a small window over a door—allowed warmer air at the ceiling to circulate up to higher floors, providing more air movement throughout the house. Transoms over exterior doors often had hinges and special hardware. This allowed easy access to open and close, helping create airflow while still providing security.</p>
<p><strong>Large windows</strong></p>
<p>Many older and historic homes had large, double-hung windows. Opening the top sash would allow hot air near the ceiling to escape. Opening the bottom sash, especially at night, allowed cool air to flow inside. Rooms had many windows, some as large as doors. Thick, long draperies were often used in these large windows to keep out the heat. People would “draw the drapes” to help keep a room cool without sacrificing light.</p>
<p><strong>Porches</strong></p>
<p>Wraparound porches offered shade from the direct sun while still allowing light to pour through windows. Screened and furnished sleeping porches were also very common. People would sleep outside to catch the cool breeze of the summer night without all the bugs. Many believed that fresh air had health benefits.</p>
<p><strong>Reflective roofs</strong></p>
<p>Many older homes had light-colored or silver-metal roofs made of lead, tin or copper. This was a great way to reflect heat away from the home to reduce interior temperatures. It’s quite a contrast to today’s dark asphalt shingles that can absorb a lot of the sun’s rays.</p>
<p><strong>Thick walls</strong></p>
<p>If you could afford them, thick brick masonry or stone walls were a great insulator and kept homes cool before AC. Walls 12 to 24 inches thick were common in the Deep South, blocking the heat from the inside as the day wore on, and providing some warmth as the evening chill set in.</p>
<p>Here’s an expert tip: If you own or are considering buying a house built before the age of air conditioning, Mary recommends contacting an architect or energy advisor who focuses on historic homes: “An hour or two walk-through can help you identify a home’s potential for energy savings. He or she can even help you find ways to preserve the ‘look’ of an older home using modern, energy-efficient materials.”</p>
<p>The U.S. Environmental Protection Agency also offers some energy tips for owners of historic homes.</p>
<p>And, regardless of your home’s vintage, you can save money on electricity to power a modern cooling system by going solar. Solar panels can complement any home’s architectural style. And SolarCity makes installation and ownership a snap.</p>
<p><strong>William Brundage – Experience The Difference Between an Agent and a Professional</strong><br />
Named the Best Realtor by the Oakland Press and also named Real Estate All-Star by Hour Magazine, William Brundage is an industry leading Realtor bringing over twenty years of experience to successfully marketing and selling fine homes and estates. His dedication to his clients and our community places him in the top 1% nationwide. Personalized service and client satisfaction are paramount. William is committed to getting you the best price and terms in the shortest amount of time.</p>
<p>Cell: 248-980-2455<br />
Email: <a href="mailto:william@williambrundage.com">william@williambrundage.com</a><br />
Website: <a href="http://www.williambrundage.com/">www.WilliamBrundage.com</a></p>
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		<title>How Much is the U.S. Worth? Economist Values the Land Alone at $23 Trillion</title>
		<link>http://williambrundage.com/2015/04/23/how-much-is-the-u-s-worth-economist-values-the-land-alone-at-23-trillion/</link>
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		<pubDate>Thu, 23 Apr 2015 18:13:11 +0000</pubDate>
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		<description><![CDATA[By Eric Morath, The Wall Street Journal Americans tend to have a good handle on how much their house is worth. But what about the land it sits on? Or all the land in their state? Or, heck, how much is the continental U.S. really worth? A government economist puts that figure, from sea to [...]]]></description>
			<content:encoded><![CDATA[<p><a href="http://blogs.wsj.com/economics/2015/04/22/how-much-is-the-u-s-worth-economist-values-the-land-alone-at-23-trillion/" target="_blank">By Eric Morath, The Wall Street Journal</a></p>
<p>Americans tend to have a good handle on how much their house is worth. But what about the land it sits on? Or all the land in their state?</p>
<p>Or, heck, how much is the continental U.S. really worth? A government economist puts that figure, from sea to shining sea, at $22.98 trillion.</p>
<p>That’s <strong>William Larson</strong>’s estimate for the value of the 1.89 billion acres of land that accounts for the 48 contiguous states and the <strong>District of Columbia</strong>. The dollar figure—equal to about 1.4 times last year’s gross domestic product–represents only the value of the land, and not buildings, roads or other improvements, and excludes bodies of water.</p>
<p>He also determined values for every state. <strong>California </strong>is worth the most at $3.9 trillion and <strong>Vermont</strong> is worth the least at a paltry $44 billion. On a per acre basis, <strong>New Jersey</strong> has the most valuable land at $196,410 an acre and <strong>Wyoming</strong> the least, $1,557 an acre.</p>
<p>Mr. Larson’s estimates, released this month in a paper from the <strong>Commerce Department’</strong>s <strong>Bureau of Economic Analysis</strong>, aren’t meant to be a definitive measure. Rather they attempt to provide baseline methods and estimates upon which further research can draw. His estimates reflect the land’s value in 2009. Therefore it shows a post-recession figure (he says country’s value fell 24% from 2006 to 2009) and doesn’t account for the changes in value due to the shale-gas activity in the Midwest and elsewhere.</p>
<p>But with those caveats the paper reveals some interesting findings:</p>
<ul>
<li>The federal government owns 24% of all land, worth a collective $1.8 trillion. (That’s 8% of the country’s total value, or around 10% of the total outstanding federal debt.)</li>
<li>Just 5.8% of U.S. land is developed, but that land accounts for 50.7% of the total value.</li>
<li>Almost half, 47%, of U.S. land is used for agriculture.</li>
<li>Besides New Jersey, three other states have land worth an average of at least $100,000 an acre: <strong>Rhode Island</strong>, <strong>Connecticut</strong> and <strong>Massachusetts</strong>. At least a quarter of the land in those four states is developed.</li>
<li>Land in 24 states, including <strong>Wisconsin</strong>, <strong>Texas</strong> and <strong>Maine,</strong> is worth less than $10,000 an acre, on average.</li>
<li>In <strong>Nebraska</strong>, 92.7% of land is used for agriculture, the most of any state.</li>
<li><strong>Nevada</strong> has the largest share of federal land, covering 86.8% of the state. <strong>Connecticut</strong> has the least, just 0.1% of the state’s area.</li>
<li>Land in the nation’s capital is worth $1.05 million an acre and 18% of land in <strong>Washington, D.C.</strong>, is owned by the federal government.</li>
</ul>
<p>Determining the value of land in the U.S. is more difficult than it might seem.</p>
<p>Developed land is typically sold in a bundle with buildings or structural improvements, and it can be difficult to disentangle the two.</p>
<p>Undeveloped land in rural areas can be even trickier to price because it’s not often bought and sold . For some federal land acquired in the <strong>Louisiana Purchase</strong>, the last transaction was in 1803, when the seller was a fellow named <strong>Napoleon</strong>.</p>
<p>“Land has long been recognized as a primary input in production and as a store of wealth,” wrote Mr. Larson, an economist at the <strong>Federal Housing Finance Agency</strong>. “Despite its fundamental role in nearly all economic activity, there is no current and complete estimate of the value of the land area of the United States.”</p>
<p>To calculate the value, Mr. Larson used satellite images to determine each type of land, including farms, forests and developments.</p>
<p>For undeveloped land he used comparable farm-land values to estimate prices. For developed land, he relied on estimates of land quality, home values and property attributes within a given <strong>Census</strong> tract. Based on his methods, Mr. Larson believes his values are correct within a 10% margin of error.</p>
<p>&nbsp;</p>
<p><strong>About William Brundage:</strong><br />
Named the Best Realtor by the Oakland Press and also named Real Estate All-Star by Hour Magazine, William Brundage is an industry leading Realtor bringing over twenty years of experience to successfully marketing and selling fine homes and estates. His dedication to his clients and our community places him in the top 1% of Realtors. Personalized service and client satisfaction are paramount. William is committed to getting you the best price and terms in the shortest amount of time.</p>
<p>Cell: 248-980-2455<br />
Email: william@williambrundage.com<br />
Website: <a href="http://www.WilliamBrundage.com">www.WilliamBrundage.com</a></p>
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