Existing-home sales come up short

Three months in a row of increased sales, three months in a row of increased new pending contracts, and three months in a row of increased total pending contracts. As far as sales are concerned, we hit the bottom in September of '07, dragged the bottom through January of '08, and are now on our way back up. Inventory peaked in October of '07, and has been fairly stable with slight decreases the last couple of months. Prices will probably float down for another two to three months. With increasing sales in a lower inventory, look for prices to stabilize by August. Bankers I have spoken with, feel that interest rates will be rising before the end of summer, so between now and then is the time to buy. www.RealEstateOptimist.com

You are right except for one big flaw in your theory- THe next round of forclosures have not hit yet- This will happen by the end of august and away we drop again. Todays news is forclosures are up 65 % - Ck the national news comin ot right now.

bu bu but but but - the National Association of RealTORS told me now was the time to bu bu buy....

Optimism and delusion is a fine line.

RealEstateOptimist wrote:

Three months in a row of increased sales, three months in a row of increased new pending contracts, and three months in a row of increased total pending contracts. As far as sales are concerned, we hit the bottom in September of '07, dragged the bottom through January of '08, and are now on our way back up. Inventory peaked in October of '07, and has been fairly stable with slight decreases the last couple of months. Prices will probably float down for another two to three months. With increasing sales in a lower inventory, look for prices to stabilize by August. Bankers I have spoken with, feel that interest rates will be rising before the end of summer, so between now and then is the time to buy. www.RealEstateOptimist.com

With an unfathomable number of foreclosures still looming on the horizon, values are no where near stable and especially far away from increasing.

Interest rates will not rise so high that people will be turned off to buying.

It’s only a good time to buy if you plan on living in your home for 10 years… or if you buy an REO @ 20% below current market value.

Sales are up but could they really go any lower? Just a few months ago only 2% of homes listed were selling each month… so; I dare say it really had no where else to go but up…

I see you belong to the spin doctors group... I'll get back with you in 3 months and see how things look

RealEstateOptimist wrote:

Three months in a row of increased sales, three months in a row of increased new pending contracts, and three months in a row of increased total pending contracts. As far as sales are concerned, we hit the bottom in September of '07, dragged the bottom through January of '08, and are now on our way back up. Inventory peaked in October of '07, and has been fairly stable with slight decreases the last couple of months. Prices will probably float down for another two to three months. With increasing sales in a lower inventory, look for prices to stabilize by August. Bankers I have spoken with, feel that interest rates will be rising before the end of summer, so between now and then is the time to buy. www.RealEstateOptimist.com

Some food for thought to save money to bad none of it can be done in Florida. Some new turn back the clock ammenities I'd be including in future lot sales.

1. Vegitable Gardens
(Except for Florida)
2. Private Bus Stop at the end of the walkway.
3. A Horse and Buggey.
4. Hobby Farms
Included are one milk cow, one beef steer 4 pig delivered per year and 10 chickens delivered every week delivery and butchery services to be included in Home Association Fee as well as fishing in stocked community pond.

"Actually all can be done in Florida"

Home owner fees

1. Fishing Service Fee
2. Milk Cow(Dairy) Service Fee
3. Beef Steer Service Fee
4. Vegitable Garden Service Fee
5. Poutry(Dairy) Service Fee
6. Bus Service Fee
7. Pork Service Fee
(Butchery and Delivery included)

RealEstateOptimist wrote:

Three months in a row of increased sales, three months in a row of increased new pending contracts, and three months in a row of increased total pending contracts. As far as sales are concerned, we hit the bottom in September of '07, dragged the bottom through January of '08, and are now on our way back up. Inventory peaked in October of '07, and has been fairly stable with slight decreases the last couple of months. Prices will probably float down for another two to three months. With increasing sales in a lower inventory, look for prices to stabilize by August. Bankers I have spoken with, feel that interest rates will be rising before the end of summer, so between now and then is the time to buy. www.RealEstateOptimist.com

Buffoon. Liar. Pin-head. Here is a little advice; Never be so stupid as to believe your own BS.

I have made several offers on homes in College Park, only to be outbid by other buyers. Some areas are comming back stronger than others.