March 26th, 2008
A bit of good housing news
The National Association of Realtors released their latest housing statistics earlier this week. And for the first time in a long time, the number of home sales actually rose.
The National Association of Realtors released their latest housing statistics earlier this week. And for the first time in a long time, the number of home sales actually rose.
The best bet, by the way, for people who do fear foreclosure is to immediately call their mortgage lenders. Most times, the lenders, who don’t benefit at all from foreclosures, will do their best to work out a solution.
While writing this blog, I feel like the world’s biggest pessimist. But there’s no way to sugarcoat what’s happening these days in the residential real estate market: It’s bad out there.
I’ve written before about how the National Association of Realtors isn’t necessarily to be trusted to give an accurate picture of the nation’s housing slump. This isn’t a surprise: The association exists to serve real estate agents. Its main goal is to make sure that agents sell more homes.
The National Association of Realtors on Jan. 24 released the news that anyone trying to sell a home already knows: Housing sales were down in 2007.
Officials with the largest trade group serving real estate agents said that housing prices in 2008 should initially hold steady and then begin rising later in the year. Prices should increase in 2009, too, the association says.
In bad times, you have to take your good news wherever you can get it. In this case, that means getting it from the National Association of Realtors.
Sometimes, no matter how hard you try, it’s impossible to spin bad news into good news. At least give the National Association of Realtors points for trying.
Homeowners looking to spend their dollars as wisely as possible would do best to improve the exteriors of their homes.
The National Association of Realtors yesterday released its sales data for the month of October. And while the sales of existing single-family homes were down, the numbers for condominiums were even worse.
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Written by Dan Rafter [email] for b5media.
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