Sellers, Are You Ready For Some...wait for it.............GOOD NEWS????!!!!

By
Real Estate Agent with Prudential Georgia Realty

First, let me be clear...everything is relative in this market.

Good news isn't exactly what it used to be, but considering the L  O  N  G, steady decline in home prices over the last 3 years, any mention of news about an increase in home prices is music to the ears of most homeowners/sellers.

Again, it's important to note that home prices are still in decline when compared to last year, but the  S&P/Case-Shiller Home Price Indices (the leading measure of home prices in the United States), actually reported that the U.S. National Home Price Index improved in the second quarter of 2009.

There's still a 14.9% decline in the 2nd quarter of 2009 versus the 2nd quarter of 2008, but last quarter's decline was over 19%.

As you know if you've read my previous blogs or watched the news lately, home sales have increased each month for the last 5 months.  Are we at or near the bottom?  Maybe.  Maybe Not.  However, there's no denying that this is a good sign.  If this continues for a few months, and the economy continues to steadily improve as it appears to be doing, there's no question that it will be a very positive step in the direction of recovery...

 Click below to read the full artice...

Home Prices on the Upswing???

 

Here are some recent articles of interest (click on the artice title to see the full story):

Existing home sales rise for fourth straight month

 5 Months in a Row...Pending Home Sales Rise Again

Treasurys down after home sales top forecasts - Bernanke says economy leveling out

Home sales rise as housing market tries a comeback

 

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Comments (3)

Bob Murphy
Keller Williams Realty Consultants - New Albany, IN

It's always good to hear GOOD news.  No matter how small the news might seem.  Our local market is improving too related to home prices.  Let's home this trend continues.

Aug 26, 2009 01:26 AM
June Piper-Brandon
Coldwell Banker Realty - Columbia, MD
Creating Generational Wealth Through Homeownership

It is good news for the sellers, I hope the second straight month in home price increases gets some of those buyers off the fence.

Aug 26, 2009 01:27 AM
Frances C. Rokicki
Fran Rokicki Realty, LLC - Bolton, CT
Broker-Mentor,CRS

I believe that good things are starting to happen in our market.  Bidding wars are back.  True, those are the homes that are priced low.  But, at least, it is a stratedgy that is working.  They are selling.  It probably will be a few years before we are back to a "normal" market, but, at least, we can see that it is a strong possibility.

It's a Good Life!

Fran

Aug 26, 2009 01:32 AM