Home Sales UP .4% in November, in the West UP 10.3%

Homes sales are increasing here in the West! I like that! I think we have hit a bottom in the number of homes sold, but prices still will come down. But are they coming down? Or are they down and sellers just don't know it yet!
As interest rates and prices continue to drop, buyers are stepping back into the market. I sold 3 homes to buyers this month. All three felt prices may go down further, but the home they bought was a good buy. What is a good buy? They were homes that were priced right for today's market. The buyers might be able to buy the same floor plan for less in the spring. But it won't be the same home. It won't be the same lot. It won't have the same up grades. They are all in for the long term and wanted to make a smart purchase for their family. In each case, they were the perfect home for the buyers. Ones that would be difficult to replace. This is what sellers must keep in mind. Why would a buyer write an offer on my home?

"By JEANNINE AVERSA,
AP
Posted: 2007-12-31 11:30:58
WASHINGTON (AP) - Sales of previously owned homes inched up in November but that didn't change the overall bleak picture for an ailing housing industry that has been suffering through a painful slump.The National Association of Realtors reported Monday that sales of existing single-family homes, condominiums and townhouses rose 0.4 percent in November from October, to a seasonally adjusted annual rate of 5 million units. Over the last 12 months, however, existing home sales have plunged 20 percent, underscoring the troubles in the housing sector.Economists were calling for sales to either move up slightly or hold steady for November...
...Sales were mixed across different regions of the country.Existing home sales jumped 10.3 percent in November from October in the West. They were flat in the Midwest. However, they fell by 2 percent in the South and by 3.3 percent in the Northeast"
Read the full story through the link below:
http://money.aol.com/news/articles/_a/home-sales-edge-up-04-percent/n20071231113009990006