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Wednesday, April 16, 2008

Practitioners Say Business Is Improving

From Realtor Magazine Online, Daily Real Estate News April 16, 2008

Real estate practitioners nationwide are seeing signs of recovery in the housing market.

"If you're not going for pie-in-the-sky type of numbers and price your house accordingly, I think that it’ll go pretty quickly," says Victoria Hanbury Howard, an associate at Coldwell Banker in Washington DC.

"There's definitely more traffic," says Patricia Giambalvo, an associate with Realty Executives in Huntington, Long Island, N.Y.

RE/MAX associates in Phoenix, Tucson, Las Vegas and Orange County, Calif., are reporting that sales volume doubled in March compared to February and there are twice as many homes under contract in April, says Jack Kreider, executive vice president of regional services at RE/MAX International."

Yes, this is definitely seasonal activity, but I can assure you that a year ago we weren't doubling what we did the month prior,” he says. The fact that it doubled is significant. It wasn't that big a year ago.”

Source: Reuters News, Lynn Adler (04/16/2008)

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