Positive News On Real Estate » Multiple Offers and Sales Abound http://www.positiveonrealestate.com Positive Real Estate News Thu, 09 Feb 2012 15:34:35 +0000 en hourly 1 http://wordpress.org/?v=3.3.1 Multiple Offers and Sales Abound http://www.positiveonrealestate.com/pr/379 http://www.positiveonrealestate.com/pr/379#comments Mon, 29 Jun 2009 18:45:57 +0000 admin http://www.positiveonrealestate.com/?p=379 Just got off the phone with one of my Realtor buddies and this twenty year vet tells me he has more in escrow since 2005. Multiple offers are cropping up all over Southern California as first time home buyers are snapping up deals.

Home sales went up in May in several States. Ground zero of the real estate recession is California which ncreased 35.2% in May  California, compared with the same period a year ago.

“With affordability for first-time buyers at a record high, sales of existing, single-family homes continued to remain above the 500,000 level for the ninth consecutive month,” said C.A.R. President James Liptak. “Buyers are beginning to realize that the combination of favorable home prices, historically low mortgage rates, and first-time home buyer tax credits, may not align again for many years.

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