What's Happening in the Real Estate Market

At least once a week someone wants to know what's happening in the real estate market. There are honestly so many different ways to answer that question. Real estate IS currently being bought and sold. The industry hasn't just collapsed and fallen out of existence. While the way we do real estate has changed, the industry itself again IS still alive and kicking.

According to NAR (National Association of Realtors) home sales are on the rise. Existing home sales, which are completed transactions that include single-family, townhomes, condominiums and co-ops, increased 3.7 percent to a seasonally adjusted annual rate of 5.10 million in March from an upwardly revised 4.92 million in February, but are 6.3 percent below the 5.44 million pace in March 2010. Sales were at elevated levels from March through June of 2010 in response to the home buyer tax credit.

Thoughts? Questions?