July Market Update

Although experts predict it will take time for the economy to fully recover, there has been a lot of encouraging news recently.

The percentage of first-time buyers dipped to 29 percent as a result of more repeat buyers entering the market, suggesting signs of a return to a more balanced market.

Americans have shifted into savings and are now putting away a larger portion of their income – so much that the U.S. savings rate has now surpassed that of Canada!

Home prices edged up almost 4 percent between May and June of 2009, due to repeat buyers purchasing at higher price points, and distressed properties accounting for a smaller percentage of sales (33 percent of sales, compared to 45 percent the month before).

Learn more about the current real estate market and other great home selling tips by watching the July episode ofThis Month in Real Estate. The Jana Caudill Team works hard to sell homes fast and for the most money. Please contact us for all your real estate needs.