Palm Beach Real Estate and Loans

Here's come great news from the real estate world to ring in the New Year:

Another Big Gain in Existing Home Sales

Why?

According to NAR President Vicki Cox Golder:

.."conditions are optimal for buyers in the current market. Inventories have steadily declined and are closer to balanced levels, which indicate home prices in many areas are either stabilizing or could soon stabilize and return to normal appreciation patterns, this means buyers still have good choices but are purchasing near the bottom of the price cycle with historically low mortgage interest rates. Throw a tax credit on top and it really doesnt get any better for buyers with secure jobs and long-term ownership plans."

Things have been improving steadily -

NAR reported that nearly all markets in the US are experiencing solid gains over last year.

Most importantly to us (not to be selfish, but this IS where I do business!) the Southern part of the country:

"In the South, existing-home sales rose 4.8 percent to an annual level of 2.39 million in November and are 44.8 percent higher than a year ago."

Great news to end the year on - and let's all work to make it even better in 2010!