Home Sales Rise in July
Good news! Both new and existing-home sales rose in July. According to the National Association of Realtors, existing-home sales increased 3.1 percent to the highest level in five months. In the Northeast, sales of existing single-family homes rose 5.9 percent. In addition, the Commerce Department reported an unexpected 2.4 percent increase in sales of new single-family homes in July. The seasonally adjusted annual rate of 515,000 units is the most since April. Pick up the phone and share this encouraging news with your clients and prospects.
Frank J. Festa
REALTOR-ASSOCIATE®
Office: 908-561-5400 Ext. 2116
Direct: 908-561-6499 Cell:908-295-1639
Weichert Realtors
NJ Estates / Real Estate Group
55 Stirling Road, Watchung, NJ, 07069
Web- http://www.njestates.net
Email- frankfesta4076@gmail.com
Blogs- http://activerain.com/blogs/genna
Twitter- http://twitter.com/njestates1
Hi Patricia,
I completely hear you. Unfortunately, my customers are glued to CNN, Fox News and the likes. Never mind irritating actual statistics ? I saw some lady from (the web site) Zillow recently on absolutely dogging our industry. No actual facts given, of course. Did you happen to see it ?
I should have wrote them an e-mail, "Oh, thanks for more recession !" They didn't get anyone from our National Association of Realtors," with some tangible statistics.
Clark
Orlando Fl
c.blome@hotmail.com
People will eventually look back at the bottom; is this it?
My personal opinion ... I don't think we're on the bottom yet but I think we are getting close in many markets. We are starting to sporadically see better monthly housing numbers which I believe is the beginning indicator that prices, even though they have some more room to drop in some markets, are beginning to stabilize.
As Clark states, too many people are simply listening to the news ("info-tainment) and not doing their homework. If you are a buyer looking to purchase a property and expect to be in that property for the next 3-5 years, this is the time (high inventory levels, low rates, and little competition).
Very good news - we are seeing many signs a bottom per se is near.... can certainly see it in the homebuilder stocks - they had great days today by the way.