Home Buyers Returning to the Real Estate Market

October 26th, 2009 Categories: Real Estate Tools

Consumers have been increasingly flocking to the real estate market in recent months, driven by improving economic conditions and a popular government tax credit.

The latest figures from the National Association of Realtors show that existing home sales were strong in September, which means that conditions have improved for five of the past six months. Last month, sales were up 9.4 percent from the level recorded in August, and also 9.2 percent higher than the figures recorded in September 2008.

“We’re getting early indications of price stabilization, but we need a steady supply of qualified buyers to meaningfully bring inventories down and return us to a period of normal, steady price growth and to fully remove consumer fears, which would then revive the broader economy,” said NAR chief economist Lawrence Yun.

From Credit.com

Read the rest of the story at Valerie Fitzgerald Group.

The Valerie Fitzgerald Group specializes in luxury residential real estate in Beverly Hills, Bel Air, Brentwood, Santa Monica and Malibu. Valerie has more than 20 years of real estate experience and is known for her solid reputation in the West Los Angeles brokerage community. She’s also the author of Heart and Sold: How to Survive and Build a Recession-Proof Business.

This entry was posted on Monday, October 26th, 2009 at 8:32 am and is filed under Real Estate Tools. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

3 Comments »

House for sale said:

Real estate market is now coming back.Real estate investor is now looking for investing money in USA.This is very good sign of real estate.

# 1 November 2009 at 10:46 pm

Simon Salloom said:

Simon Salloom: LA Times: Southern California home prices and sales improve in November
Southern California’s real estate industry, decimated by the mortgage meltdown and housing bust, is stirring to life again — even making hiring plans — as home prices bounce back.
Find more information about Santa Monica and Brentwood Real Estate here

# 29 December 2009 at 1:09 am

Simon Salloom said:

Good thing you have done here, Thanks!
Simon Salloom: LA Times: Southern California home prices and sales improve in November
Southern California’s real estate industry, decimated by the mortgage meltdown and housing bust, is stirring to life again — even making hiring plans — as home prices bounce back.
Find more information about Santa Monica and Brentwood Real Estate here

# 29 December 2009 at 9:37 pm