The Buyers Are Back!
The 41% May home sales increase in the Northeastern US affirms what the experts say, that the housing market bottomed at the end of April. The National Association of Realtors' (NAR) pending home sales index increased 5.2 percent in April. It is the highest pending home sales index since October 2007. The U.S. Census Bureau reported an 8.2 percent increase in overall housing starts for April.
Warren Buffet, respondents of the American Express Wealth in America survey and the Wall Street Journal (WSJ) all said, now is the time to buy.
Sharp home sales price reductions and reasonable mortgage rates have resulted in bargain hunters entering the market en masse, especially in areas that had double-digit price declines, said Lawrence Yun, chief economist for the NAR.
The WSJ said because the inventory of available housing is falling and should be around five months in the first quarter of '09, prices and sales should rise.
Check out this Report - Click Here
Now's the time to get out and let your folks know that the time for waiting is over and time to act is now! Use these statistics and quotes in your emails and ads and promote, promote, promote!
The 41% May home sales increase in the Northeastern US affirms what the experts say, that the housing market bottomed at the end of April. The National Association of Realtors' (NAR) pending home sales index increased 5.2 percent in April. It is the highest pending home sales index since October 2007. The U.S. Census Bureau reported an 8.2 percent increase in overall housing starts for April.
Warren Buffet, respondents of the American Express Wealth in America survey and the Wall Street Journal (WSJ) all said, now is the time to buy.
Sharp home sales price reductions and reasonable mortgage rates have resulted in bargain hunters entering the market en masse, especially in areas that had double-digit price declines, said Lawrence Yun, chief economist for the NAR.
The WSJ said because the inventory of available housing is falling and should be around five months in the first quarter of '09, prices and sales should rise.
Check out this Report - Click Here
Now's the time to get out and let your folks know that the time for waiting is over and time to act is now! Use these statistics and quotes in your emails and ads and promote, promote, promote!
Sam Thompson, PHH Mortgage
Senior Advisor - Helping you GROW your business!
www.activerain.com./luckydog1 - SC
www.activerain.com/luckydog2 - NC
http://samthompson.phhmortgage.com/
Sam,
Great post.
The time to buy is now while the selection is still good.
I agree, Sam, your assessment is fair because April Pending Home Sales index jumped almost 6% from March, far exceeding the consensus forecast for a small decline. Pending Home Sales are a leading indicator of future housing market activity, so the next Existing and New Home Sales reports may show increases. The National Association of Realtors (NAR) latest forecast predicted that conditions will remain soft in the short term, but that activity will pick up during the second half of the year.
Cheers!
Hans Iduma
Great words...but they need to be spread more.....thanks for the encouragement.
Sam, thanks for the information. It is a great time to buy whether for yourself or to invest!
Sam! Great news!! Thanks!!!