April 17, 2006

NOW is a great time to buy a home as there are many to choose from!


Ah, those realtors, such economic theory power houses...

I love the last line. Get out there and buy - quick! before prices go down!

Compared to nine months ago, April 2005, listings have increased 22,700 and 249.3%!

Supply and demand are interrelated variables in the Real Estate Market.

At this time it appears that changes in the market are being driven almost exclusively by changes in supply. A year ago demand was the primary driver. As interest rates continue to rise and appreciation stabilizes, sales will likely continue to soften. Resale sales volume is still solid and up slightly from January 2004.

There over 30,000 listings in the MLS so NOW is a great time to buy a home as there are many to choose from!

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