nar national association of realtors: Pending Home Sales Indicate Near-Term Softness - NAR Report
- 05/04/07 05:26 AM
The Real Estate Market in the Maryland Suburbs of Washington DC have continued to challenging. The number of sales have been lower and the inventory is growing at near historic highs. This goes along with this timely article from the National Association of Realtors: WASHINGTON, May 01, 2007 - Pending home sales, a forward-looking indicator, show sales closed in April are likely to remain soft, with some drag possible in May as well, according to the National Association of Realtors®. The Pending Home Sales Index*, based on contracts signed in March, registered 104.3 ? down 10.5 percent from March 2006 when it was 116.5, and is … (0 comments)
Best Time for Real Estate is a blog site designed primarily for homeowners or prospective homeowners who currently live in Maryland Suburbs of Washington, DC or are prospectively planning to move here.
Because real estate goes through various cycles, so do my recommendations for the best way to approach real estate. Sometimes it is a buyer's market, sometimes it is a seller's market, and sometimes it is a balanced market. Sometimes the interest rates are going down, sometimes they are going up and sometimes they are stabilized. This blog exists to give my recommendations at different times.
Many people who are planning to relocated to Montgomery County, Maryland often have sticker shock when they find out how much real estate costs here. It is often more and sometimes a lot more than they are used to. However, homeowners in Montgomery County, Maryland find that with the proximity to the federal government (the federal district is less than ten miles from the border of Montgomery county) that this price and the equity of homes in the area is much more stable then other parts of the United States.
I also like to share information about local businesses, local shopping, local schools, local dining, local entertainment, and local things to do - both in Washington, DC, Montgomery and Prince George's County, but also day trips within 50 miles and 100 miles of our area.
The Real Estate Market in the Maryland Suburbs of Washington DC have continued to challenging. The number of sales have been lower and the inventory is growing at near historic highs. This goes along with this timely article from the National Association of Realtors:
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