Regional Report: South

Regional Report: South

It could be good news for housing all across the nation. This comes from the recent National Association of Realtors report that says "the market will come into clearer focus this summer. Existing homes sales could start to show a sustained increase within a few months."
Pending homes sales aren't showing such positive numbers at this time, however, with a 5.5 percent drop in February to 30.3 percent below a year ago.

This could mean Southerners are looking forward to the second half of 2008 -- which is expecting a rebound in existing home sales.

Real Estate expert Guerry Norwood of St. Simons Island, Georgia, is reporting that now -- with historically low interest -- is the time to buy. This area, he says, has strong local banking networks -- meaning plenty of money to lend. And the coastal economy is booming. The average sales price for the entire island is $604,000.

Las Olas, Florida, expert, Karen Dove, is reporting that many homes in this exclusive area and nearby Victoria Park, Rio Vista, and The Isles sell within 45-60 days of being listed if properly priced. This is great news for sellers in this buyers market.

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