The National Association of Realtors said Friday, that existing home sales rose at the fastest pace in almost three years in February. Sellers take note! there is life in the market afterall. In the mid-atlantic and northeast sales were up 14.2% since January(via NAR's chief economist). Sales have been flat in the west and pretty dismal in the midwest, so at least we here in the east are seeing breath.
All this being said, inventories are up as well, in a contradicting twist. Sellers again take note. There is hope of sale for you. But, buyer's take note as well. more inventory means more power for you in terms on negotiating, concessions, and selection.
Investors, as i have said before. Understand where we are in the market now and how you can exploit it for profit. Research,research,researc...
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