Is the Real Estate Market changing? – Part II

Hey Friend;

 

 

 

Many indicators are showing that the housing market is improving. Pending home sales, a forward-looking indicator based on signed contracts, rose in June for the fifth straight month. And in April, pending home sales had their biggest monthly jump since October 2001. Existing home sales rose 3.6% in June and 2.4% in May, with some homes receiving multiple offers. And the most recent Standard & Poor’s/Case-Shiller 20-city housing price index shows a month-to-month increase of 0.5% in housing prices in May. It is the first monthly gain since July 2006.

 

Look what Les Christie from CNNMoney.com reported on August 6, 2009:

 

“Buyers of foreclosure have to be quick these days. Some houses go under contract fewer than 90 minutes after they are put on the market, says Brad Geisen, founder of Foreclosure.com.”

“For every listing that comes out, we have 10 buyers,” says Cesar Dias, an associate with Approved Real Estate Group in Stockton, California. “We had a lot of inventory last summer. Now we’re down to 1,500 listings – from more than 5,000,” Dias says.

“In Florida, real-estate investment companies, buying in bulk and paying cash, face competition.”

“For a good house that’s not too beat up in a good neighborhood, there’s no lack of buyers in this market,” says Andy Sakmar, founder of Century 21 Sakmar in Rochester, 20 miles north of the city. “There are a lot fewer of these properties than a year ago, and the super buys get multiple offers.”

 

Is the Real Estate Market changing? My answer is a big YES.

 

If you ask me; is this the time to buy real estate? My answer will be YES, YES, YES!

 

 

Great Success,

 

 

 

Juan Carlos Cabrera

 

Real Estate Broker – Mortgage Broker

Oikos Realty

 

Click here to access my personal blog.

PS: Be Successful; Enjoy Life! – Let me know if you think of anyone who is looking to buy, sell, or rent Real Estate.

 

 

 

 

 

 

 

 

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