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A very experienced real estate agent sent around his semi-regular newsletter, with positive news about the market. At least, I think things are improving. Well, actually, I’m not really that sure whether I should be putting on a happy face, so I’ll share the entire newsletter, so you can decide for yourself:

Low Mortgage Interest Rates, Home Prices Are Back to 2002 Years, Lot of

Homes To Choose From.  All Are Factors Why The Boom.  However, The

More Important Factor, Not Talked About, Is The Fact That More Buyers Have

Come To Realization That Their Money Saved During These Past 5 years,

That It Is Better To Invest The Money In A Home, Rather Than Renting.

And, With This Recent New Buyer Urgency, Came Multiple Buyers Competing For

A Same Home Creating Bidding Wars.  This Condition Has Made The

Market Place Boom With Much Buyer & Seller Activity.

Lawrence Yun, Chief Economist, For The National Association Of Realtors,

Says ”A Return Of Normal Home Buying For Ownership Is Helping Home Sales”