Seeking Bottom

April 2, 2009 by admin  
Filed under Positive Real Estate

A recent survey amongst Realtors say we are very near the bottom. Source: Inman News (subscription)

Three out of four Inman News readers participating in an online survey say housing markets in their area are improving or stabilizing — and most said they’ve noticed the change only in the last two months.

“Buyers are seeing inventory move, and that gets them moving. Interesting how that happens,” said a Summit, N.J.-based respondent who sees improvement in a market where many homes are located near commuter train lines to midtown Manhattan. “Yes, there are actually bidding wars again on well-priced, staged homes in great locations.”

Among 225 readers responding to the survey from March 23 to April 1, 48.9 percent said housing markets in their area were improving, 27.1 percent said they were stabilizing, and 12.9 percent characterized them as worsening.

Pending Home Sale Volume Up 6.3 % in December

February 4, 2009 by admin  
Filed under Positive Real Estate

Foreclosed properties are driving this index that tracks signed contracts to purchase existing homes. The index jumped in December

ThisĀ  may indicate that a bottom is forming — at least for home sales. Pending home sales increased about 13 percent in the South and Midwest, but fell almost 4 percent in the West and about 2 percent in the Northeast. .