STUCK! HOMES SIT LONGER ON THE MARKET
The tell-tale sign of a stagnating real estate market? When homes for sale start lingering - and that's exactly what real estate brokers and other industry watchers say they're seeing now.
Ref. https://money.cnn.com/2006/06/26/real_estat...arket/index.htm
This is so true. My wife and I are looking into buying a house because the market is absolutely phenomenal for buyers! You can have your choice of houses and name your price on many of them that have been sitting a while. We are trying to get to the point we can finance one by the end of the year as to avoid coming high interest rates. Amazingly, our credit is much better than I thought it was and don't have far to move up to get prime rate. Its really a great time to be a buyer by all standards. Low interest rates, lower prices, means lower payments.
NEW HOME SALES: BACK FROM THE DEAD?
Homebuilding, one of the most battered sectors of the U.S. economy in recent months, showed surprising strength in November, according to a government report Wednesday.
Ref. money.cnn.com/2006/12/27/news/economy/newhomes/index.htm
Breaking News - ABCNEWS.com:
SALES OF EXISTING HOMES PLUNGED LAST MONTH BY 8.4 %, THE LARGEST AMOUNT IN NEARLY TWO DECADES, SAYS REAL ESTATE TRADE GROUP