Nearly 3.5 times more homes went under contract in January of this year compared to 2007, according to the president of WRAR. While actual sales in January actually slide 38%, the increase in homes gone pending points to a possible increase in future sales. I speculate this is due to more sellers pricing their homes more competitively. I personally have been witnessing more and more price reductions as of late. This combined with the enticing interest rates may have encouraged buyers on the fence to take the plunge. Please click here to read the full Star News article.

This entry was posted on Tuesday, February 26th, 2008 at 3:56 pm and is filed under News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.