Well, we got a little Christmas present this year from the Real Estate market. The Asheville market is showing an increase in pendings and certainly more activity than usual at this time of the year. In fact the numbers show that December pendings are better than November, which almost never happens, even in good years.
Certainly the latest report from the National Association of Realtors bears this out: Pending home sales rose for the second straight month -- and were up by 16 percent in the Northeast region and 8.4 percent in the West.
We all know that housing still has a long way to go to full recovery, but Dr. Lawrence Yun, chief economist for the National Association of Realtors, believes that "the worst of the credit crunch has already worked its way through" the system … and home sales should not only bottom out but register a modest increase sometime during the next 12 months.
Buyers have never had a better time to buy with mortgages still around 6% and eager sellers waiting to sell their home.
I am leaving for London tomorrow and will be back after Christmas. I will have a year end rap up at the end of the month.
Happy Holidays Everyone!!
Michael
www.kellerwilliamsasheville.com
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