Spring is in the air and mother nature is surely showing her goodside.
After enduring a very wet March, the northeast is enjoying some mighty fine weather. Time to get out a buy weather. Make a change weather. The real estate business is definately showing signs of improvement. The NAR, National Association of Realtors, has reported strength in the Northeast and Midwest.
Nationally, the NAR noted a 7% increase of closed sales and pending sales up 17.3%YTD. In New Hampshire, Prudential Verani Realty impressively showed an increase of 19.8% in closed sales YTD over this time last year. Earning us a#1 marketshare in Sales in 3 counties(Hillsbourough, Merrimack, Rockingham). We're witnessing a 36% decrease in Cancelled Sales and listings are up 33.1%, at Prudential Verani Realty.
A contributing force is a continued increase in Short Sales over foreclosures. But that's a good thing with the introduction of HAFA (Home Affordable Foreclosure Alternatives) under HAMP (Home Affordability Modification Program). The procedure is supposed to be less time consumming with a time limit set for the servicing lender to respond. Currently, a major problem. The short sale process is going to be more uniform. Seller incentives are being offered for relocation and the service lenders are also being compensated for there cooperation. Sounds like a positive move. The jury is still out, in my opinion, so we'll wait and see.
I myself am looking forward to a strong, healthy recovery. We have a wide variety of properties for sale. The well presented and correctly priced homes are selling and selling quickly. While others are just sitting.
The opinions expressed on this blog are that of Ross Therrien and no one else’s and those providing comments are theirs alone, and do not reflect the opinions of Prudential Verani Realty, Inc. or any employee thereof. Prudential Verani is not responsible for the accuracy of any of the information supplied by us on this blog. All information deemed accurate in is our best opinion and should not be relied upon without personally verifying it yourself. The information we post is believed to be accurate at the time of the post, our opinion of the situation may change at a later time with newer information or under a different set of circumstances. In other words, we reserve the right to change our mind from time to time. We are open to your comments on the blog post, however, we do reserve the right to delete your comment, if we find it offensive or hateful. Let’s all play nicely in the sandbox.
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