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The complete press release from the GNAR can be found here. The gist of the report though, is that closings are down 28.7% in March, compared to March of 2007.
The following is also in the report.
The median residential price during March was $178,388$160,573. That compares with median residential and condominium prices at this time […]

There have been lots of confusing reports over the last few days concerning Real Estate and the housing market.
First, we received this positive news, telling us how home sales increased in February.
Then yesterday we found out that home prices declined.
Today the big news is that new home sales, or new construction, saw a decline in […]

This kind of goes without saying, but I will say it anyway. Now is a really, really good time to buy. Interest rates are low. Prices are down. What are you waiting for!
From REALTOR magazine:
Remember this is a place to live not a stock market investment, they say. Lenders want buyers to spend no […]

Here is a good post, from Jeff Carlsbad’s blog for first time buyers, that lays out some good reasons for using a buyer’s agent.
The following is an excerpt.
So why is having an agent working for YOU important?

You want someone who is looking out for your interests as the buyer; asking questions, obtaining information, and making […]

While searching for articles about the importance of hiring a buyer’s agent, I found this football comparison.
Think of the Listing Agent of a home as the coach for the “home team.” Now think of the Buyers Agent as the coach of the “Visitors Team.” Before 1993, the coach of the home team tried to get […]

I have already explained in this post, why it is important to hire an agent to represent you on the buying side of the transaction. But I wanted to elaborate a little more, because I just don’t think most people get it.
First off, the service that a buyer’s agent performs is free. It costs you […]

Keep this in mind! Me working as your Official Buyer’s Agent is a FREE SERVICE, protecting your best interest. If you call an agent direct off the sign in the front of the home, you are calling the agent that represents the seller. By contract, they are bound to represent their seller against […]

The Fed has cut the Federal Funds Rate again.
In a brief statement explaining their decision, Federal Reserve Chairman Ben Bernanke and his colleagues said that “financial markets remain under considerable stress.”
The Fed move was approved on a 9 to 1 vote. Richard Fisher, president of the Fed’s Dallas regional bank, dissented, preferring no change […]

Kathy Tyson, a fellow Realtor and good friend, and also the Real Estate editor at Music City Bloggers, makes the point that the media often forgets “all real estate is local”.
With today’s real estate market, we hear over and over and over and over and over a lot about how the housing bubble has burst. […]

Mark J. Perry is linking to this Wall Street Journal article and offers the following analysis.
If there’s a bright spot in the housing market, it might be that the “Months supply of homes at the current sales rate” declined in November and December, after increasing for nine consecutive months (see chart above), suggesting an […]