Ten Months and Counting!

By
Real Estate Agent with The Morse Company 2645

With all off the unfortunate market conditions we have experienced, I guess we should be Thankful, that our local market has shown 10 months of increased activity over those same months last year.  Locally our home sales are up 31% over the same 4 month period (January-April) and at least prices seem to be leveling off.

Maybe by the end of the year we will see some increase in prices.  Markets are local and yours may be better or worse, but I think many real estate practitioners can see that we are working our way through the myriad of distressed properties.

Improved short sales rules and bank processing have made the impossible, possible.  I am sure we will be working through that inventory for several years to come.  But increased numbers of sales do add money to the community because many service providers get some new business.  Appraisers, Attorneys, Home Inspectors, Title Companies, Lenders, Utility Companies, Insurance Agents, etc., etc. gain a little business for each home we sell.

WHILE WE HAVE NOT TURNED THE CORNER, I THINK WE ARE ON THE PATH!

 

JERRY MORSE

JANESVILLE, WIl

  

Comments (2)

Chuck Carstensen
RE/MAX Results - Elk River, MN
Minnesota/Wisconsin Real Estate Expert

It has picked up a lot here. Real positive numbers across the board and hoping to keep it up.

May 21, 2012 07:16 AM
James A. Browning
Browning Real Estate School/REO Institute - International, IT
MRE REOCertified(R) SSCertified

Hello Jerry, thanks for the information on your post. Please, join our group on LinkedIn, ‘REO Institute’. We share Real Estate information regarding market trends, Short Sales, BPOs, REOs, OREs, BOVs, ideas, Education/Training, and Commercial Education. We value you your comments, ideas, and opinions about the Real Estate Industry. Thanks, James, REO Institute

Aug 04, 2012 03:25 AM

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