Realtors report that attendance at open houses is way up even in winter months. In addition, requests for pre approval letters from mortgage brokers is up. Website traffic to real estate sites is up. People are assured that the worst is over for the housing market so they are looking to buy.Caldwell banker reports that traffic to its listings was up 38% from last year at this time. Fannie Mae reports that the highest share of consumers expect prices to rise soon. (guess what- they already have)
Maybe now that the prices are up, more people are not underwater and will list their homes for sale. Let’s hope the hedge funds dont go after those also.
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