U.S. Existing Home Sales Hit A Four Month High! REBLOG THIS WONDERFUL NEWS!

Reblogger Florida Tolbert Team Keller Williams Advantage
Real Estate Agent with Keller Williams Advantage III Realty in Lake Nona BK3059813

Here is some WONDERFUL NEWS that was gathered and reported by this very nice associate today.  please take a moment and stop by her blog and thank her for sharing this wonderful report.

This is the kind of news we need to get out to the public. 

Original content by Nancy Laswick SA542701000

According to a report, (released today), by NAR (the National Association of Realtors), sales of previously owned homes rose again in January to hit a four month high of 4.57 million. The increase is believed to be the result of pent-up demand, record low mortgage rates, home prices that are beginning to stabilize but still viewed as bargains and steady but slow job growth.

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The increase is also due to an increase in condominiums and co-ops sales. Existing condo and co-op sales accounted for 520K in sales up 8.3%.

As a region the West had the largest increase up 8.8% with 1.23 million homes sold. The South was up 3.5% with 1.76 million in sales followed by the Northeast up 3.4 % at 600K in sales and the Midwest up 1% at 900K.

While there are inventory shortages in some parts of the country overall inventories continued to improve in January. Couple these numbers with an improving U.S. Dollar and there is a great deal of optimism among real estate professionals that 2012 will be a year of steady improvement in both inventory and prices.

So what does this news mean to buyers and sellers?

If you are thinking of buying a home in the next 6 months do it now. Prices will be going up and interest rates have no where to go except up. This is one of those years people will be talking about in the future. “Remember 2012, wish I’d bought back then”.

Ask your REALTOR® if REO's might be an option or, if you can handle the ups and downs of the Short Sale process, your REALTOR® may be able to help you find a short sale at a substantial savings compared to traditional market prices.

If you are thinking of selling your home in the next 6 months list it now. Inventory is low in many parts of the country so there will be more potential buyers, (competition), for your home.  Work with an experienced REALTOR® to price your home correctly and it will sell quickly.

In the Phoenix Metro Area, whether you’re buying or selling I offer a free, no obligation, consultation. As an informed buyer or seller you’ll make better decisions. Call me today at (602) 793-1627 or E-mail Nancy@NancyLaswick.com


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