The Real Estate Market Changes - Week by Week!

By
Real Estate Broker/Owner with RE/MAX Regency

Released June 2, 2009

Eagles,

I keep saying our industry is changing week by week. Well here is more proof!!!

Check out this article just posted on www.cnbc.com. It talks about how the REITs have raised over 10 BILLION DOLLARS over the past couple WEEKS - WEEKS, not months, not years - WEEKS - and they are moving in into the real estate market. Further example - the investor story I sent out earlier this morning.

http://www.cnbc.com/id/30983054

ALSO,

Just released - Pending home sale SURGE!!! NAR just reported the biggest gain in this index in over 7 years - a 6.7% jump!

Here is more on this story: http://www.cnbc.com/id/31063170

One more item - the Federal Stimulus money the local governments are receiving to help the real estate market - remember this announcement some months ago? Well, this money is now arriving at the local governments, and they too will become buyers in our market. Just this morning, I have a report that Fauquier County just approved the purchase of 14 homes under the program - these purchases are targeted for the Bealeton/Remington market.

Here goes a further reduction in inventory......

So what do you think about our market????

Chuck

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the airplane to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Topic:
Real Estate Market Trends
Location:
Virginia
Tags:
reits
pending home sales
stimulus

Comments 0 New Comment

Anonymous
Post a Comment
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the balloons to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Anonymous
Post a Comment
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the tag to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Rainmaker
41,592

Chuck Cornwell

Ask me a question
*
*
*
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the chair to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Additional Information