Real Estate Sales Inching Upward!

by on September 23, 2009

Sales of new and existing homes rose 2.1% in the month of July and they were up over July 2008 by 14.1% leading many economists and Mr. Bernacki to declare that the recession/Depression was over.

The median price also rose from $246,000 in June to $250,000 in July. This was due, in large part, to an increase in sales of ‘high-end’ homes.

Mortgages and mortgage financing continue to fluctuate but have remain pretty consistent throughout the summer. There are some great programs available for the discerning buyer.

Foreclosures and short sales continue to represent a large portion of the total homes sales across the country while adjustable rate financing is at an all time low.

For info on how you can take advantage of this great Real Estate recovery, call me at 1(800)275-7010!

Be Sociable, Share!

Previous post:

Next post: