Archive for February, 2011
Home Sales Up for January
February 23rd, 2011 categories: Real Estate news
Turkeys roaming around at Ancil Hoffman Park- hopping with joy for the uptrend in existing-home sales-Ha!Ha!
According to Daily Real Estate News the uptrend in existing-home sales continues, with January sales rising for the third consecutive month with a pace that is now above levels a year ago, according to the NATIONAL ASSOCIATION OF REALTORS®.
Existing-home sales, which are completed transactions that include single-family, townhomes, condominiums and co-ops, increased 2.7 percent to a seasonally adjusted annual rate of 5.36 million in January from a downwardly revised 5.22 million in December, and are 5.3 percent above the 5.09 million level in January 2010. This is the first time in seven months that sales activity was higher than a year earlier.
Lawrence Yun, NAR chief economist, said the improvement is good but could be better. “The uptrend in home sales is consistent with improvements in the economy and jobs, which are helping boost consumer confidence,” Yun said. “The extremely favorable housing affordability conditions are a big factor, but buyers have been constrained by unnecessarily tight credit. As a result, there are abnormally high levels of all-cash purchases, along with rising investor activity.”
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Overall Price Declines in the Real estate market- Perfect Opportunity to Become a Homeowner!
February 1st, 2011 categories: Real Estate news
Interesting video on the declining prices in the real estate market. Great time to buy, especially for long term, as recovery will be long, according to market analysts. Click on the link to watch the short video downloaded from the Wall Street Journal.
For more information on Sacramento real estate, please contact Carmen at 916-342-2446 , or e-mail at carmen@carmenmicsa.com. Also to receive free listings, go to www.Dynamicsacramentohomes.com. And last, but not least be sure to ask for your 7-night cruise when buying with Carmen and her team of experienced agents, as well as a $500 credit to your closing costs if you mention this blog article.
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