Well darn. Bad news/Good news: The NAR (National Association of Realtors, a big cheerleader for our industry) says that "used" home sales fell 3% from February to March. Looks like we're not out of the woods yet (not that we expected that 'poof' the real estate market was going to just go gangbusters this Spring). On the good news part of this posting, sales prices were up a bit from February, though still DOWN. (2008 sales prices were $200K, in February 2009 they were $168K, in March $175K). SO, hopefully April showers will bring May BUYERS! Hang in there...
Go buy THIS house!
My 2 cents on what's going on. Do I really know economics? Nah, but it makes for good reading!
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About Me
- Bo Wagner
- Born in Owensboro, KY, Apollo High Graduate, Washington & Lee University Grad, NKU/Salmon P. Chase College of Law Grad. Board Member of GRECAA (Georgia Real Estate Closing Attorneys Association) and active member of The Rotary Club of North Fulton. Owner of the Wagner Law Group, a residential real estate closing firm.
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