I know I said this blog would also be about real estate, so I didn't want to disappoint!
At the beginning of January, I went to a very informative seminar given by our designated broker/owner, Jim Sexton, of John Hall & Associates. A lot of the information provided was very encouraging - regarding the real estate market. Here are just some of the stats I took away from this;
- December 2008 closed real estate sales were up 60%, compared with December 2007 home sales.
- Although we had declining sales for 32 year-over-year months in a row beginning October of 2005, sales have had a month-after-month increase since June of 2008.
- REO’s (bank owned properties) are approximately 59% of the current pending sales.
- 52% of December 2008 sales were bank owned properties.
This is just a snippet of the factual information out there on real estate. The bottom line is that houses are still selling and people are still buying.
Can I help you do either of those?
Nice work posting some positive news. Blog is taking shape - keep up the good work!
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