NAR Chief Economist Lawrence Yun reported last week at the Annual Leadership Summit in Chicago that Vermont is in the top ten states for sales recovery. Sales are stabilizing across the nation and he believes that the recently passed $7500 tax credit for fist time home buyers along with higher loan limits for Fannie Mae and Freddie Mac will be the trigger to unleash high pent up demand from buyers who have been sitting on the side lines, frightened by gloomy reports. Very soon he believes that the media will be forced to report the facts of increased sales. The recovery can be sharp or moderate depending on the job we do in getting good information out to clients and consumers. Don’t forget that you can find all the latest commentary from NAR research at: http://www.realtor.org/research/research_commentary
Source: Vermont Association of Realtors E-News - August 08
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