Real Estate Markets Stabilize
May 26, 2009 by Perry Corneau · Leave a Comment
The National Association of Realtors indicated that nationwide the total number of homes sales was up by 5.1% in February. In March the homes sales figures were up by 3.2% on average nationwide. In southern states sales were up 8.5% and 4% in the West. Four factors are thought to have contributed to the upward trend in real estate sales.
- Low prices are once again atractive to investors.
- Banks are lending to qualified buyers.
- Consumer confidence has risen.
- Sellers have begun to realize that homes are only worth what buyers are wiling to pay.
If you are waiting for the market to hit bottom, you may have already missed it. Since it takes a couple of months for sales to close and for reporting of sales figures, current sales data is based on activity hat began months ago. Right now it is a buyer’s market but buyers will loose some of their new-found leverage as prognosticators reach consensus that the market is in recovery.
I am a Real Estate Broker - Associate with Signature Sotheby's International Realty. I have lived in Sarasota for most of my life and have been a real estate broker in Sarasota since 1988. I am blessed to have the love of my wife Opal and our two daughters, Katie and Victoria. I can be reached on my direct line at 941-650-4626. It would be wonderful to have the opportunity to work with you and earn your trust and friendship.