Housing Market in Recovery
Pending home sales were down in October according to the National Association of Realtors, but the market is recovering. Given my own business calls, I believe that to be true. Read the article from MSNBC here or from the horse's mouth at NAR here."The national median existing-home prices for all housing types was $221,000 in October, which is 3.5 percent below October 2005 when the median price spiked above adjacent months to $229,000."The leveling out of home prices is great news for buyers! The fact that buyers are again in the market is great news for sellers!
posted by Kathy T. @ 7:57 AM
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