WASHINGTON – April 28, 2011 – March saw another increase in pending home sales, with contract activity rising unevenly in six of the past nine months, according to the National Association of Realtors® (NAR).
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My views:
Yep contracts on properties are on the rise. However, how long before they close? It is important how many actually close. People want to buy a home and the proof is that pending sales are increasing.
Some of the other reasons:
Rental Rates are starting to increase.
Jobs are comming back to the area.
People are trying to buy a home. TO get the economy going and thus start the increase in property values then banks MUST let up on their THOUSANDS of restrictions. Make it easier to close if people have the money or can get a loan. SHORTEN the time it takes to close.
The homes that are lower priced will start to increase in sales and sales price. However, High end homes will continue to decline. I have basicly said this for the past year in CFRI Orange County Chapter meeting. http://www.cfri.net/
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“The good news is that recent homebuyers are staying well within budget, leading to exceptionally low loan default rates among homebuyers over the past two years,” Yun added.
© 2011 Florida Realtors®
Read full artile here.
http://www.floridarealtors.org/NewsAndEvents/article.cfm?id=259296
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My views:
Yep contracts on properties are on the rise. However, how long before they close? It is important how many actually close. People want to buy a home and the proof is that pending sales are increasing.
Some of the other reasons:
Rental Rates are starting to increase.
Jobs are comming back to the area.
People are trying to buy a home. TO get the economy going and thus start the increase in property values then banks MUST let up on their THOUSANDS of restrictions. Make it easier to close if people have the money or can get a loan. SHORTEN the time it takes to close.
The homes that are lower priced will start to increase in sales and sales price. However, High end homes will continue to decline. I have basicly said this for the past year in CFRI Orange County Chapter meeting. http://www.cfri.net/
-------------------------------------
“The good news is that recent homebuyers are staying well within budget, leading to exceptionally low loan default rates among homebuyers over the past two years,” Yun added.
© 2011 Florida Realtors®
Read full artile here.
http://www.floridarealtors.org/NewsAndEvents/article.cfm?id=259296
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