Well, the Nation Association of Realtors just came out with some new numbers regarding housing inventory… NAR chief economist, expected an improvement. “Historically low mortgage interest rates clearly drew buyers into the market, and housing remains very affordable even with a recent uptick in rates,” he said. “First-time buyers also are being drawn off the sidelines by the $8,000 tax credit, which is helping to absorb inventory. However, the increase in sales is less than expected because poor appraisals are stalling transactions. Pending home sales indicated much stronger activity, but some contracts are falling through from faulty valuations that keep buyers from getting a loan.”
According to Freddie Mac, the national average commitment rate for a 30-year, conventional, fixed-rate mortgage edged up to 4.86 percent in May from a record low 4.81 percent in April; the rate was 6.04 percent in May 2008. Last week, Freddie Mac reported the 30-year fixed at 5.38 percent; data collection began in 1971.
Total housing inventory at the end of May fell 3.5 percent to 3.80 million existing homes available for sale, which represents a 9.6-month supply2 at the current sales pace, down from a 10.1-month supply in April.
All of that being said… its 6/26/09…I keep these live links posted for the different search criteria that I receive the most requests for.
• Southern Utah Foreclosures
• Southern Utah Adult Communities
• Southern Utah Golf Homes
• Washington City Utah Homes & Condos
• Santa Clara Utah Homes & Condos
• Southern Utah Horse Property
• Washington County Board Of Realtors Hot Sheet
This last handy little link will pull you into The Washington Country Board of Realtors MLS system. From there you can see the newest MLS listings on the WCBR MLS system as well as all price reductions…Knowledge is Power!
As of today June 23, 2009 there are currently on the Washington County Board of Realtors MLS system…
• 80 Active Southern Utah Foreclosures in Saint George Utah on the WCBR MLS system
• 159 Closed Southern Utah Single Family Homes & Condo’s in St George Utah, on MLS from 5/26/09 thru 6/26/09.
• 1,534 Active Single Family Homes & Condo’s in the Greater Saint George area of Southern Utah on WCBR MLS
• 299 Southern Utah Single Family Homes & Condos in the Greater Saint George area currently under contract or “pending”
In any event its off to Twitter…I have few Twitter names, and here are two: StGeorgeHomes or EquityStGeorge. I post these same stats there if you would like to get…”Just The Fact’s” Till Tomorrow. Saint George Homes.
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