According to reports June was the 5th month in a row where pending real estate sales were on the rise, great news for the national real estate market.  While there are still many areas where sales are faltering the majority of the country is seeing home values stabilizing or dropping at greatly decreased levels while at the same time the volume of sales is picking up.

A recent Associated Press article pointed out that “the last time there were five consecutive monthly gains was July 2003.”  What is bringing about this positive change?

  • Lower home values
  • The first time home buyer tax credit
  • Reduced mortgage rates

All of these benefits are seen as drawing people back into the real estate market.  People can find bargains as far as real estate goes and that is an attraction in any market.

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