What the Newspapers aren't telling you.....
The stats are out for home sales for 2007. These records have been kept by the National Association of Realtors since 1952 and 2007 has tallied up to be the 4th largest sales year in that history. Why all the doom and gloom in the newspaper?
My guess is that the majority of the homes in foreclosure are investors. They borrowed equity from their homes to buy into a HOT market 2 years ago and now the chickens are coming home to roost. When was the last time you read good news in the paper? They won't mention the positive. In our office, sales and showings are up! The interest is definitely up, compared to this time last year. I see good signs and I am telling the world. Buy now! before the sellers find out and stop negotiating their prices.
Have a great day!
Lynn
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