Monday, December 11, 2006

What a GREAT Time to Sell Real Estate!

*NAR Economist, David Lereah says:

"We now have the most favorable market for home buyers in several years, and most sellers- who've been in their home for a normal period of homeownership - are still seeing very healthy returns on their investment. Conditions for buyers have improved because sellers are flexible now and mortgage interest rates are near historic lows. The market promises to be more balanced between buyers and sellers by early spring, supporting future price growth,"

Existing-home sales, expected to fall 8.6 percent to 6.47 million this year - the third-best performance on record - are projected to be essentially even in 2007 with a 0.6 percent decline to 6.43 million according to RealTrends

New poll finds consumers still confident of home values

Americans remain highly confident about the nations's housing prospects, with more than four out of five homeowners expecting the value of their home to appreciate over the next five years and nearly seven out of 10 calling it their most valuable investment, according to results from a new nationwide survey conducted by RT Strategies. The polling found that 81 percent of homeowners believe that the value of their homes will rise over the next five years.

New poll finds consumers still confident of home values

The poll clearly debunks the more sensational media reports speculating on the demise of the housing market," said David Pressly, president of the National Association of Home Builders (NAHB). "It is interesting to note that other polls conducted by major news organizations have come up with similar results, indicating that despite the current housing market downturn Americans resoundingly believe that buying a home is the best investment they can ever make."

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