10.24.2008

National Assn. of Realtors - Existing Home Sales up 5.5%




It looks like there is some good news in real estate (for once). The affordability factor of homes is improving leading to buyers stepping off the sidelines. To read the full report from Realtor.org click here.

In Orange County, the median sales price has dropped to 2003 levels. This is partially the result of homes decreasing in value coupled with the fact that financing remains much easier to obtain (and afford) for properties below $500,000. To read the OC Register article, click here.

Wishing You Wealth in all its Greatest Forms

Alex

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