Existing-home Sales Rise 8.3% in Q1; Many Foreclosures Snapped Up by Investors

Posted on May 12, 2011 by

Existing-home sales rose 8.3 percent in the first quarter compared to fourth-quarter 2010, according to a report from the National Association of Realtors.  Sales remained nearly flat year-over-year, dipping 0.8 percent to a seasonally adjusted annual rate of 5.14 million.  Also in the first quarter, sales prices fell 4.6 percent nationwide compared to first-quarter 2010, to a median $158,700.  “The biggest sales increase has been in the lower price ranges, which are popular with investors and cash buyers,” said Lawrence Yun, NAR’s chief economist, in a statement.   Read the full article here.

About Rebecca Fishkin

I am a professional Real Estate agent in Colorado with a special focus on Larimer and Weld Counties. I serve buyers, sellers and investors, so whether you are a first-time homebuyer, looking for your dream home, or seek a great place to retire, you can rely on me. With in-depth knowledge of Loveland, Fort Collins, Greeley, Berthoud, Windsor and all surrounding communities, I am passionate about helping people. I have the experience, patience and knowledge to focus this passion towards effectively managing your next home purchase or sale. I use the latest technology to fine tune the search for your new home, as well as to market homes and reach as many buyers as possible. Communication is the key to every successful transaction, and I listen to my clients’ needs and responds with honest, timely information. I am also a certified relocaton specialist and can manage the the sale or purchase of a home related to a relocation. My goal is to manage the real estate process in a low-stress, fun environment. I'd love to help you with all of your Real Estate needs. Contact me me today!
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