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)
“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. .


