Tuesday, December 05, 2006

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!


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