Could the tide be turning for real estate?

First we saw a surprising 6.5 percent jump in home sales for December. Now we've just gotten the latest Pending Home Sales Index, and it's up 6.3 percent, thanks to double digit gains of 13 percent in the Midwest and the South.

Forecloses are down 10% in Januarycompared to December. ( Witch leads me to believe that there are finally programs out there that I trying to keep working people in there homes)

Mortgage rates inched up slightly last week, according to the Mortgage Bankers Association, with thirty year fixed rate loans averaging 5.3 percent compared to 5.2 percent the week before. That's up a notch, but it's still close to 40 year historic lows.

It is impossible to predict what is $15,000 credit that is part of the coming stimulus package actually going to do to the sales industry estimates range anywhere from several hundred thousand upward, provided the expiration date runs through this coming December. (This is the one that you DON'T have to pay back!)

Suzi Orman said last week in the Good Morning America that if you in the market to buy "Now is the time!" (I almost passed out as that was a first positive statement on our major broadcasts for a long time)

And general public appears to be more and more optimistic about real estate market.

Is it just mine strong desire or have we headed in a promising direction?

Your North Carolina Broker

 Sonja Babic

www.SonjaBabic.com