Good News!
Good news? We always try to keep it positive here on Lake Oconee and Lake Sinclair when it comes to real estate, but helps when the media backs us up!
Here’s something we found from the National Association of Realtors (NAR).
May Existing-Home Sales Show Modest Gain
WASHINGTON, June 26, 2008
Existing-home sales increased in May with buyers responding to lower home prices, according to the National Association of Realtors®.
Existing-home sales -- including single-family, townhomes, condominiums and co-ops --increased 2.0 percent to a seasonally adjusted annual rate 1 of 4.99 million units in May from a level of 4.89 million in April, but are 15.9 percent below the 5.93 million-unit pace in May 2007.
NAR President Richard F. Gaylord, a broker with RE/MAX Real Estate Specialists in Long Beach, Calif., said buyers are seeing value in the current housing market. "Home buyers are starting to get off the fence and into the market, drawn by drops in home prices in many areas and armed with greater access to affordable mortgages," he said. "Today's buyer plans to stay in a home for 10 years, which is a good strategy for building long-term wealth."
© Copyright NATIONAL ASSOCIATION of REALTORS®
To see the full article please click here.
Here’s something we found from the National Association of Realtors (NAR).
May Existing-Home Sales Show Modest Gain
WASHINGTON, June 26, 2008
Existing-home sales increased in May with buyers responding to lower home prices, according to the National Association of Realtors®.
Existing-home sales -- including single-family, townhomes, condominiums and co-ops --increased 2.0 percent to a seasonally adjusted annual rate 1 of 4.99 million units in May from a level of 4.89 million in April, but are 15.9 percent below the 5.93 million-unit pace in May 2007.
NAR President Richard F. Gaylord, a broker with RE/MAX Real Estate Specialists in Long Beach, Calif., said buyers are seeing value in the current housing market. "Home buyers are starting to get off the fence and into the market, drawn by drops in home prices in many areas and armed with greater access to affordable mortgages," he said. "Today's buyer plans to stay in a home for 10 years, which is a good strategy for building long-term wealth."
© Copyright NATIONAL ASSOCIATION of REALTORS®
To see the full article please click here.
posted by Re/Max Lake Oconee at
10:58 AM
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