The following information might suggest we are bouncing along the bottom in the current housing recession. I was at a national Keller Williams Convention 2 weeks ago and heard some encouraging comments from agents from other area of the country. One agent from Newark NJ said it was a Sellers Market there. Also heard Phoenix was moving in the right direction. It was one of the hardest areas in the nation.
Year to Date-Entire MLS Homes sold.
Year to Date-Entire MLS Homes Bank Owned sold.
Still way to many Bank Owned Properties being sold. I hope the worst of this is nearly behind us on REO and Short Sales. What is lacking in our country is a real economic recovery with jobs being created and an expanding economy. Lets hope this process will begin soon.