WARNING! Before you waste your time and energy looking for potential qualified buyers to purchase your home and hiring just any realtor, you must read our special FREE REPORT!
***CNN MONEY REPORT July 24,2008: Home Sales Are At A 10 Year Low.
***Realtors group says the number of existing homes sold in June 2008 fell 2.6%, their lowest level in 10 years!
***Single family Homes: Sale of single-family homes declined 3.2% to an annual rate of 4.27 million in June from 4.41 million in May. That's 14.8% below the 5.01 million-unit pace in June 2007.
***New homeowners: First-time homebuyers are not confident that this is the best time to enter the market. "A recent online survey of Realtors show nearly a quarter of potential homebuyers are waiting on the sidelines, "NAR President Richard F Gaylord, a broker with REMAX Real Estate Specialists in Long Beach, Calif., said in a written statement.
***Rising rates: Higher interest rates are also holding buyers back. "Even as prices are coming down, the total mortgage price is under pressure from rising mortgage rates," said Dye.
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