We are experiencing a decline in available single family homeinventory since the first of the year. In some areas as high as 20%. This is great news for real estate agents. Homes under contract and sold have also increased since the first of the year. Sales are not just limited to REO and Short Sale. Non-distressed home sales are also on the increase. As we progress into the Spring/Summer buying season we should see increased sales and a decline in available inventory. We are seeing a merge of three great things, lower home prices, lower interest rates, and an $8,000 tax credit for first time home buyers. This is definitely a great time to buy!
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