Bright Outlook for Housing Market Activity Revealed; Number of Unsold Homes Declining
From RIS Media, April 6, 2007--Overall housing market indicators improved substantially in many areas of the country during the first quarter of 2007 despite the concern over subprime mortgage lending problems and a rise in foreclosures, according to results from the latest HouseHunt "Current Market Conditions" national survey of member agents. Inventories of unsold homes are trending downward; annual positive price appreciation is up; buyer-seller ratios are more balanced; average time on the market from listing to sale is improving; and more home sellers say they are getting 95-100 percent of asking prices.
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