Walter Molony of the National Association of Realtors says we’re in for an increase in the number of homes sold nationallly. 2005 was a banner year with 7.03 million home units sold. Last November, (2006) the annual 2006 sales were 6.28 million and should be rising gradually in 2007.
It is early yet, but this news fits with what’s happening in the Iowa City area so far this spring. Buyers are out in force and agents are working late and on weekends! Iowa City is insulated somewhat from the national market due to our local demographics and the influence of the university, so this information is not as important to us as it would be to buyers and sellers in a major market.
In any case, it’s good to hear good news!