Realtor News

The statistics for December sales nationwide and in the West have surprised many, including the National Association of Realtors. In an article on their magazine website, http://www.realtor.org/rmohome/home, I found that the rise of existing home sales across the country last month, especially in the West, helped the market. Sales of not new homes and condos were up 6.5% from November 2008. In our region, the West, sales jumped 13.6%, and were up 31..5% from December 2007. This is great news for owners wishing to sell their home, buyers are in the market for homes that have been lived in! Buyers should also know that the market is right for them, as well. With low interest rates, a large inventory, and prices that are on average down from last year. The real estate market also takes time to rebound, so by the time first time home owners are ready to sell (on average they plan on staying in their first home for 10 years) the market will be right for them.