CNN Money reported that the number of existing homes sold in the US December rose 6.5% from the previous month, according to a report released Monday 2nd February , as bargain hunters took advantage of plummeting prices.
The US National Association of Realtors said that home sales increased to a seasonally-adjusted, annualized rate of 4.74 million units. That’s up from a revised pace of 4.45 million units sold in November and more than the rate of 4.4 million units projected by a consensus of industry analysts as reported by Briefing.com.
Bargain hunters: Bargain prices are bringing buyers back into the market. The median existing home price was down 15.3% to $175,400 from December 2007, when the median price was $207,000. The median price measures where half of the homes sold for more and half sold for less.
“Americans love a bargain, and the housing market is no exception,” said Mike Larson, real estate and interest rate analyst for Weiss Research in a written statement.
According to Cecily Lees of Safe Haven Real Estate in Dominica www.SafeHavenRealEstate.com , “Housing in warmer climates seems to be performing better than others.” Lees represents properties exclusively in the Caribbean, which she believes represents excellent value for money. Homes, land, restaurants and hotels for sale in the Caribbean are still relatively cheap compared to other geographic locations. An example from safe Haven can be viewed at http://www.safehavenrealestate.com ref 472
Now is the time to buy because as a purchaser you can drive a harder bargain. There are many incemtives from vendors to entice purchasers.
For more information on buying in Dominica contact Safe Haven Real Estate. Roseau . Dominica
