Current Market Updates and some “Good News”

 Sales of existing homes fell in March

The national housing downturn continued in March as single-family home sales fell 2 percent in March – the seventh decline in the past eight months, the NATIONAL ASSOCIATION of REALTORS® (NAR) reported Tuesday.  The NAR said the median price of a home fell from $217,400 a year ago to $200,700 this March, a 7.7 percent decline.  The inventory of homes for sale increased by 40,000 units to 4.06 million homes.  At the March rate of sales, it would take 9.9 months to deplete the inventory, up from 9.6 months in February.

Bargain hunters boost home sales in some markets

With prices falling in many parts of the country and the number of foreclosures rising, a small yet growing number of bargain-hunting buyers are seeing an upside to the real estate market—I am actually seeing multiple offers on bank owned homes—first time home buyers with good credit can buy a home and have a payment equal to monthly rents.

The key is keeping your credit good—all parents should educate their children as young adults the value of good credit. First time buyers have a great opportunity to purchase a home now and start a solid real estate future.

Published by dianebroussard

Specialties: Real Estate Horse Property Specialist, Buyer's Agent, Listing Agent, Consulting Also Reiki Master, Shamanic Practitioner, Life Coach Consultant I have been developing and selling real estate since 1976. I am a lifetime top achiever and member of Remax Hall of Fame. I specialize in Horse and Ranch property. One of the most important things I have learned over the years, is to LISTEN to the needs of my clients. I do not try to sell them a home; rather, I try to help them find the home of their choice. A home is one of the most important decisions you will make in your lifetime and finding the right agent to help you do it , is most important, after all you are trusting them to help you with this decision. I know it is more than just seeing a home on the internet, it is feeling the home in your soul. It is about how you feel when you walk through the front door and the way you can instantly envision your life unfolding there. I tell clients to drive around different areas first to see what area feels good to them. Then we can find a home in that area. My clients are most important to me and seeing them smile makes me smile. This is about more than real estate. It is about your life and your dreams.It is my sincere pleasure to help Diane

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