NAR reported today that pending home sales have increased at a record pace. Of course, they include all short sale offers in that number. Everyone in the real estate business knows that all short sale offers eventually close right?
Is it any wonder that the public views Realtors as having no credibility, no integrity and no professionalism when the organization itself consistently publishes false and/or misleading information.
Nationally, the market is a minimum of 20-30% from a bottom price wise and that bottom is at least 4+ years out.
If you are a seller, get out sooner rather than later.
If you are a buyer and are financing it makes more sense to buy now at the currently available financing terms than wait for the cost of your money to continue to escalate.
If you don't understand why, post a response and we will address it for you!
