Great News Existing home sales have increased 2.1% in February..The index according to the National Association of Realtors (NAR)says the gain is likely to hold for a while and gives hope for a solid spring selling season..
Affordability is also working.Housing affordability levels are at their most favorable since NAR first started tracking the data in 1971.
There are still some hurdles mortgage underwriting standards are tougher creating snags for many buyers who would like to buy and can not.,but those who qualify can lock in low rates and enjoy the upper hand in price negotiations.
It seems there is a boost in confidence.Both buyer traffic and seller traffic are expected to to grow. Confidence is at its highest levels since June 2008
The stimulus package passed by the Federal government providing a first time home buyer tax credit of up $8000 to is working its way through the system!
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Hannah, that is very good news! I think some parts of the country are seeing more than others, but I believe it will spread more evenly over the country!
Hi Hannah,
you posted important info. Let's hope it continues and spreads!
Andrea..I missed you..Hope all is well..He
re is hoping..Lets stay positive! Thank you
HelpfulHannah your friend in Philadelphia
Tony..Here is hoping!! If only the mortgage lenders would lighten up!
thank you
HelpfulHannah your friend in Philadelphia
Hi Hannah
Important news; the market is improving everyday thanks for sharing the information.
Good luck and
Lou...Happy to share helpful news to lift our spirt Thank you
HelpfulHannah your friend in Philadelphia