Hello everyone,

We agents have been seeing this for a few months.  As home prices have fallen consistently over the past 2 years, we have finally come to a leveling off of discounts for your next purchase.  If you think about, there's only so far that sellers (even banks) can go.  There has to be some point when prices can't go any further.  The figures below are stats pulled from REIN, our MLS company:

Active listings have significantly declined from 15,300 (June 08) to 14,284 (June 09).

Pending sales have increases sharply 27.7% as compared to June 08.

Closed sales increased by 7% during the same time frame.

Every once in a while I'll get a comment from people who seem to think that prices aren't anywhere near their bottom.  Well, obviously, these folks aren't experts, don't work in this industry, and aren't aware of the facts.  The housing market is improving across the nation.  CNN and Newsweek are claiming that the recession is over.  As I look at listings everyday on the MLS, I'm finding more and more homes under contract.  The time is now.  If you need a recommendation for a mortgage company, I'll be happy to email you a couple of referrences.  After you've done that, go to my site at www.homesandfood.com then click on Hampton Roads Real Estate in the top menu bar.  I have spent hundreds of hours developing the most comprehensive site in the area.  One thing is for sure, I have your back in your next home purchase.  I will see to it that you get the best home, at the best price, and with the least amount of hassle.

Call or email me at:

Jeff Nelson
The Real Estate Group
757-749-1616
jeff@homesandfood.com