Monday, October 25, 2010

Home Sales Are Up!

The crazy busy fall market has made me (and a lot of my clients) convinced that the house sales are improving. News out today from the National Association of Realtors confirms it. Existing home sales were up 10% in September. Wow!

Lawrence Yun, chief economist for the NAR, said the housing market is in the early stages of recovery. He said the recovery will be choppy but the general direction of home sales will be positive as buyers react to the low interest rates and relative affordability.

Opportunities abound in this marketplace....NOW is the time to buy or sell. Don't wait until interest rates go up and the competition gets stiffer come the spring market.