There seems to be good news coming out of the States for our fellow REALTORS.
Although in a few recent interviews with Federal Chairman Bernanke it was revealed that the economy would probably start to slowly recover in 2010, NAR has reported a projected sales volume of 4.68 million transactions for 2009.
So what does that mean? Well, that's only slightly down from 2008 (which had a volume of 4.9 million and was the 11th best year on record). The percentage of sales of foreclosed and distressed properties has also fell recently to less than 45% of the marketplace nationally.
I hope you find this information useful. Thanks for stopping by. Constantine Isslamow Broker/Manager
I hope you find this information useful. Thanks for stopping by.