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national housing trends: Small Signs of Improvement in National Housing Market - 03/29/09 08:36 AM
Some positive news about the housing market is starting to trickle in lately:  Marketwatch reports that the rate of existing home sales is up 5.1% on the national level, boosted by price discounting.  As a true sign of the times, the article states that 45% of the transactions recorded in February came from "Short" or distressed property sales, which have been averaging a 20% discount off current market values.  See the entire article here. 
If you are contemplating a short sale purchase, be aware of some of the myths and trends around these sales.  You may need more time to close … (1 comments)

 
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Linda Santos Realtor® Ithaca Fingerlakes NY Real Estate

Ithaca, NY

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Warren Real Estate

Address: 830 Hanshaw Rd., Ithaca, NY, 14850

Office Phone: (607) 257-0666 x 5257

Cell Phone: (607) 227-6062

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Brief glimpses of the Real Estate Market through the eyes and ears of Special Agent Santos...hold on, she's talking on her shoe phone...!


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