Did you Share With Your Clients?

NAR's report released last Thursday showed an increase in existing homes sales of 7.3% in March. How much of this is due to the tax incentives no one really knows, but there are other good indicators.

1.Unsold inventory decreased by 2%
2.Single family home starts were up 1.6%
3.New Permits rose 7.5% for the month of March
4.According to the Mortgage Bankers Association, loan applications were up 10%. This is also probably due to the tax credits.
5. Median prices are rising.
6. Fannie Mae's economic department released a forecast for the balance of 2010 projecting a gain in GDP of about 3.1%.

Are we out of the woods, not yet, and yes jobs are still a vital issue, but this is optimistic news to share with your clients!

Joan Rogliano has been practicing real estate for 25 years. She is a Certified Luxury Home Marketing Specialist and a Certified Real Estate Divorce Specialist.

Image from Businessweek.com