Real Estate Outlook: Signs of Recovery "Great"
By Paul F. Stillwaggon Warren NJ, NJ Estates Real Estate Group, Weichert Realtors
(Weichert Realtors)
Sales of existing single family homes jumped by 7.3 percent in March, according to the National Association of Realtors survey released last Thursday, and were 13 percent above year-earlier levels. Median home prices were up as well, despite the heavy presence of foreclosures and short sales being pumped into the listing inventory. Median single family prices were up by 9 percent year over year in the Northeast region, and by about 7 percent in the South, Midwest and the West. Paul F. Stillwaggon NJ Estates Real Estate Group April 2010 LINKING THE LATEST TECHNOLOGYTO OLD FASHIONED SERVICE Copyright © 2010 Realty TimesAll Rights Reserved. If you've been waiting for rock-solid statistical evidence that the housing market -- and the national economy -- are well along into recovery mode, yo...
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