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Northeast's Sales Lead U.S.

There was an article recently in our local newspaper that shows what the real estate markets are doing across the country, and it shows that the Northeast is faring far better than the other regions. In fact home prices plunged to record levels in January as foreclosures took their toll. In our area, we are seeing a stabilization of prices and we feel that the bottom may be here. Activity for the first quarter has been brisk and we are seeing more and more people being realistic in pricing their homes for sale. We are encouraged by these signs and are predicting that we will close out more inventory this year than last as long as inflation doesn't get the best of usandinterest rates rise.

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