Market News

December sales were up around 25% from the prior month but down by about the same amount for January.

While some buyers feel the time is right, interest rates hovering around 5.25% to 5.5%, and a large inventory of homes including foreclosures and short sales, others still are concerned with the economy, possible job loss, and the thought that maybe we have not bottomed out on home values.

Speculation that rates could drop more is also a driving factor of the fence sitters.