Data indicates the market has turned

Here are a thousand words describing what we have been waiting for.

Good hunting! ... Call me 217-779-6441

Wall Street Journal say Housing has turned the Corner

This just in via LinkedIn email.  Wall Street Journal thinks Housing numbers show the industry is looking up.
Short cut to article follows for cut and paste: <http://www.linkedin.com/e/-2585w2-h4l847ed-5b/nab/5628836251319685193/ejkNdPkSd3wOcj0MejoTdz8SdiMPczsTcjoTejkQcjcVc3wUczoRb3gMd3sTc3wMc3gQcPgTd3wOdzkIdPsMdzkQejsVczcQcPwMe38SdiMPej4Re3oVcjcNdj8ScPwUczoR/true/weekly/eml-tod2-b-ttl-0/?hs=false&tok=0_NvNfI8epllk1>
We all hope they are right.
Call me.

Interest rates go Low

Mortgage rates sank to new lows this week, so low in fact that if you were planning to buy land or a house, you might not even notice the interest. Rates on 30-year fixed-rate mortgage (FRM) averaged 3.62 percent with an average 0.8 point for the week ending July 5, down from 3.66 percent last week and 4.60 percent a year ago, Freddie Mac reported. It's as if this is the all time record low interest to cosmically balance the all time record high temperatures lately. Not bad if you get a house with central air.  The rates are lower based on fears about the global economy, which includes us. But if one must suffer through a global crisis still to come, and we all know there will be more some time, why not have a decent house at almost zero interest.  Good hunting!

Nationally, Pendings rise

Mr Scott Moses, an associate of mine in Las Vegas, e,ailed me the information below just today, "New home sales rose 7.6% in May to a seasonally adjusted annual rate of 369,000 units, the highest level since April 2010. On a year-over-year basis, new home sales are up 19.8% compared with May 2011. At the current sales pace, there's a 4.7-month supply of new homes on the market, the lowest level since 2005.
...Pending home sales, a forward-looking indicator based on signed contracts, rose 5.9% in May after a 5.5% decrease in April. On a year-over-year basis, pending home sales are up 13.3% compared with May 2011."
This seems to be reflected in the local market around Quincy as well. Very few "houses in the country" are available to meet a very strong demand. Likewise, very few country acreages are available near Quincy at any price.
If you are looking for something in particular, just call. I regularly knock on doors and I will literally "ask around" as they say. Inventory down, demand strong, prices steady. That's how I see it. To buy or list,call me!