Real Estate Market Improving
May 19th, 2008 by Damon
More positive news for agents across the country as Lawrence Yun, chief economist for the National Association of Realtors® said,
“Home sales and prices throughout most of the country are poised for improvement in the second half of 2008, and the recovery will vary by market”
“There are many reasons for people to get into the housing market today, and very few reasons not to. With the plentiful supply of homes for sale at affordable prices, interest rates approaching 40-year lows, and the strong track record of housing as a good long-term investment, conditions are ripe for buyers,” he added. “Those are the facts, plain and simple.”
This, along with other data suggests that the real estate market is coming back up again and agents should see more people looking to purchase houses and more opportunities to represent buyers and sellers.
“Each up cycle begins with a down cycle”
How’s the market in your area?
May 19th, 2008 at 4:27 pm
Damon, I’m hearing a lot of anecdotal evidence that we may indeed be poised for an upturn.
May 19th, 2008 at 6:04 pm
Things have picked up here in southern California. Let’s hope the momentum keeps going strong. Have a great week.
Michael
May 21st, 2008 at 10:17 pm
I think people have been saying that it’s a great time to buy and have been using those 3 variables as reasons for the last 3 years!
Things have been picking up in some parts of AZ though and I hope it does continue. It seems like the same is happening in other states too.