Last week figures put out by the National Association of Realtors hint that, perhaps, we are seeing the end of the so-called housing crises. According to the report (viewable here), the adjusted annual rate of existing home sales for February this year was up slightly compared to the figures from January. This is the first increase in home sales reported in six months!
Taken in context, the figures are still down by 23.8 percent from the figures of February, ’07. So, though it’s unlikely that we’ve seen the end of this correction it is, at least, a flicker of light at the end of the tunnel.
Regardless of whether the end is here, or near, or still a ways off, with today’s low interest rates and home prices coupled with the large inventory of homes for sale, it is an absolutely fantastic time to buy!
Steven R. Brown
Coldwell Banker
619-368-3765
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