Activity in our area is still bumpy. A little up and then a little quiet. People waited for after the election, we thought.
REO’s are selling. One lady at our Church just bought one and has a LOT of fixing up to do. We know about special financing to help that.
I have two short sales for this year one a list and one a buy. There is just a lot of waiting on those.
Progress for me -last month sold one and this month leased one selling 1 and countering one. Thats’ progress.
This is good news! I just had to share it….
News of the day! They said it…..This is what they said….
“Daily Real Estate News | November 12, 2008
These Cities Are In Line for a Rebound
Have we reached bottom? In many cities, knowledgeable observers say yes.
In October 2005 at the peak of the boom, the median sales price for a U.S. home reached 7.3 times per capita income. By this May it was 5.7 times, just about the historical norm. Home inventories have flattened. The decline in sales has ended – and in some places sales have expedited.
“The indicators are starting to look better,” says Adam York, an economic analyst with Wachovia.
Here are seven markets that SmartMoney magazine says are in line for a rebound:
- Seattle
- Raleigh
- Des Moines
- Philadelphia
- Denver
- Birmingham, Ala.
- Salt Lake City
Source: SmartMoney (11/01/ 
Activity in our area is still bumpy. A little up and then a little quiet. People waited for after the election, we thought.
REO’s are selling. One lady at our Church just bought one and has a LOT of fixing up to do. We know about special financing to help that.
I have two short sales for this year one a list and one a buy. There is just a lot of waiting on those.
Progress for me -last month sold one and this month leased one selling 1 and countering one. Thats’ progress.
This is good news! I just had to share it….
News of the day! They said it…..This is what they said….
“Daily Real Estate News | November 12, 2008
These Cities Are In Line for a Rebound
Have we reached bottom? In many cities, knowledgeable observers say yes.
In October 2005 at the peak of the boom, the median sales price for a U.S. home reached 7.3 times per capita income. By this May it was 5.7 times, just about the historical norm. Home inventories have flattened. The decline in sales has ended – and in some places sales have expedited.
“The indicators are starting to look better,” says Adam York, an economic analyst with Wachovia.
Here are seven markets that SmartMoney magazine says are in line for a rebound:
- Seattle
- Raleigh
- Des Moines
- Philadelphia
- Denver
- Birmingham, Ala.
- Salt Lake City
Source: SmartMoney (11/01/
