Hope you all had a great weekend!  I have some pretty good news here that I would like to share with you.  The National Association of Realtors reported that sales by homeowners rose 2.9% in February.  It was the first month-over-month rise in annualized pace since July.  This is a great sign that housing's problems are getting addressed. 

     Although we are selling more homes now, the prices of these homes has fallen dramatically.  Sales prices have now fallen 15% from their peak in July 2006.  The median price of a single-family home dropped as well, falling 8.7% to $193,900.  That was the largest drop in prices since the trade group began tracking them in 1989!  WOW!  Just some food for thought.  Make your day a great one!

 
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11 Comments on Monday 03/24/2008

MAR
24
2008
178,260 Points
It is goinf to even get better this spring. All numbers that I am seeing look good.
10:57am • #1
305,669 Points 8 Featured Posts Localism Sponsor Outside Blog Hit Router
Great news the thing about waves is they spead and increase once they're started..
10:59am • #3
105,266 Points

I guess with Purdue out you will have more time to work the Lafayette area. (just kidding, good post)

Tony

11:01am • #4

Tony,  Yes you are right.  More time to work Lafayette now.  Maybe i can Refi whoever is left of Matt's family!

11:15am • #5
Kevin,  I see great things happening this Spring as well!  Take care.
11:16am • #6
Steve, You are absolutly correct.  Take care and make it a great one!
11:17am • #8
Jacob, we hear that houses are falling out of the sky but why does the media not show the average appreciation over the last 5 years? With 30% appreciation one year and then a decline off of that by 15%, it still leaves you with 15% appreciation... not too bad! Its kinda like how they play with the numbers on foreclosures: Foreclosures up 200%, but then you look at the total number of homes and 99.3% are NOTin foreclosure. The pendulum is just swinging a little bit, I just wish the media would stop pushing it so far!
12:26pm • #9

Jeff,  You are right on the money.  The press likes to exagerate numbers to the public and forgets to state the obvious!  Thanks for you input.

12:47pm • #10
MAR
26
2008
Yeah... I have seen a flurry of activity in the past few weeks in Hanover PA. lets all hope for a busy spring...
1:16pm • #11

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Jacob Webster Indiana's Senior Mortgage Consultant

Zionsville, IN

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Sagamore Home Mortgage, LLC.

Address: 220 W. Washington St. Suite B, Lebanon, IN, 46052

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