The National Association of Realtors's quarterly report shows that conditions are balancing out and sales are on the rise, according to an article from realtytimes.com.
According to Lawrence Yun, the NAR chief economists, the report is showing more sales at lower price points. He added that sales on higher-priced homes were 'sluggish'.
The article stresses that real estate is about local trends however, and varies from place to place. In areas with low unemployment rates, the housing market is likely to be better than in places with higher rates.
With sales on the rise, clients and real estate agents alike should breathe a little easier.
Jeff Mateja is the CEO/REALTOR at Universal Properties at Keller Williams Realty in Portland, Maine, and founder of ILovePortlandMaine.com, a blog about everything Portland, Maine, and beyond. Jeff also offers two premier home search tools for Buyers via FindPortlandHomesNow.com and FindMaineHomesNow.com. If you would like further information on any blog topics, please e-mail Jeff Mateja.
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