This morning I watched the "real estate expert" on the Today show. I really think she talked out of both sides of her mouth. She kept telling us how the market had turned around. And then she kept talking about how for every 2 houses currently on the market that hasn't sold there is a 3rd one just waiting to come on.
I just didn't understand her thinking on how this was making the price of homes rise.
My thoughts on our local market: The real estate market in Newton, Iowa has seen a decrease in the number of foreclosures coming on the market. Our prices seem to be stable. But homes still need to be priced well and in move in condition to sell quickly and for the most money.