ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN MOBILE AL - 04/22/2013

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Real Estate Agent with Mutual of Omaha

ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN MOBILE AL - 04/22/2013

Your FREE ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN MOBILE AL04/22/2013 list has been posted.

Existing-home sales slipped 0.6 percent from February to March as a lack of home inventory continued to constrain purchases, the National Association of Realtors (NAR) reported today.

ACTIVE REAL ESTATE FORECLOSURES AND REAL ESTATE HOMES FOR SALE MOBILE AL

At a seasonally adjusted annual rate of 4.92 million, existing-home sales were still 10.3 percent higher than a year earlier, NAR said.

ACTIVE REAL ESTATE FORECLOSURES AND REAL ESTATE HOMES FOR SALE MOBILE AL

ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN MOBILE AL

"Buyer traffic is 25 percent above a year ago when we were already seeing notable gains in shopping activity," said NAR chief economist Lawrence Yun. "In the same timeframe housing inventories have trended much lower, which is continuing to pressure home prices."

ACTIVE REAL ESTATE FORECLOSURES AND REAL ESTATE HOMES FOR SALE MOBILE AL

ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN MOBILE AL

Increased construction activity and low mortgage rates are continuing to keep affordability conditions at historically favorable levels, Yun said, but underwriting standards "remain excessively tight," and renters are "getting squeezed" by higher rents.

ACTIVE REAL ESTATE FORECLOSURES AND REAL ESTATE HOMES FOR SALE MOBILE AL

Last month, existing-home inventory edged up 1.6 percent to 1.93 million, representing a supply of 4.7 months at the current rate of sales. That compares to 4.6 months of supply in February.

ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN MOBILE AL

Yun said the increase was mostly due to a normal seasonal uptick in construction, but that builders will need to break more ground for the market to reach a healthy level of inventory, which he said is more than six months.

ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN MOBILE AL

ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN MOBILE AL

The market's current supply of homes is down 16.8 percent from last year, when inventory supply was 6.2 months, NAR said.   

ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN MOBILE AL

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These are Single Family Homes 'Active' on the Mobile AL MLS. These homes are ripe for the picking. DO NOT LET THEM PASS YOU BY...ACT NOW....BEFORE IT IS TOO LATE!!!

ACTIVE REAL ESTATE FORECLOSURES AND REAL ESTATE HOMES FOR SALE MOBILE AL

I hope you have an awesome day, packed with smiles while searching for your active Mobile AL Real Estate Dream.

 
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