Wednesday, November 22, 2006

Existing Home Sales Increase by 10%,3rd Qtr,2006

North Carolina was one of the few bright spots for existing-home sales with some metro areas in other states showing increases for the third quarter over 2005 according to NAR. The real estate market in Goldsboro, NC was no exception with 3rd quarter sales figures hitting their highest of the year, so far, for MyGoldsboroAgent.com/MyTriangleAgent.com. Economists say the market correction may be at it's end and the market can go nowhere but up. This is great news for current and potential sellers in the market right now. Buyers also have definitely returned to the market due to low, stable interest rates. Here is an excerpt from the NAR article:

The biggest total sales increase was in North Carolina, where existing-home sales rose 9.7 percent from the third quarter of 2005. In Texas the third-quarter resale pace rose 8.6 percent from a year earlier, while Montana experienced the third strongest gain, up 6.4 percent. Link to Full Article

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