Great news from Providence Business News highlighting NAR statistics on existing home sales. Some great data to share with clients or to encourage prospective buyers to react. Remember the Time Magazine article that explained buyers waiting for a price break in a property can be negated by even a slight increase in interest rates.

Here is the positive article on existing home sales;

http://www.pbn.com/stories/32759.html 

Please pass this along!

Jeff

 
Posted by Jeff Mateja on 06/23/2008 01:32 PM   Comments (5)   , , ,  
Post is included in group: 1st Time Buyers
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5 Comments on Market Appears to Show Signs of a Rebound

Hi Jeff,

Thanks for sharing and I will definately pass it along!  Have a great week.  Michael A. Caruso

06/23/2008 01:36 PM by Michael Caruso Real Estate Group

That is a great article although it says that the sales in the NorthEast are down. I don't really see that in my area, but maybe overall that's true.

 

 

06/23/2008 01:47 PM by James Simmons (RE/MAX Greater Princeton)

Though just a forecast, I think another positive piece to take from the article is the projection that interest rates will remain stable through 2009. Historically, an election year has been favorable to the financial markets. Once we hit an equilibrium, I feel there will be increased activity in the housing market. Let's just hope our government cooperates....being a little more proactive rather than their traditional reactive nature.

06/24/2008 08:50 PM by Jeff Mateja (Keller Williams Realty)

Thanks for sharing this information.  We can use all the promising news we can get right now.

Good Luck!

08/24/2008 07:14 AM by Cristina McBreairty (RE/MAX Allied)

Hey Jeff! Thanks for the comment - I'm looking forward to the day when the real estate market makes a major rebound and you and I can just hire drivers :).  Meanwhile, I hope you're getting excited for kickball... Seeya Thursday!

09/02/2008 08:16 AM by Michelle Flaherty (Prudential Northeast Properties)

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Real Estate Agent: Jeff Mateja (Keller Williams Realty)
Jeff Mateja
Portland, ME
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