Tuesday, February 28, 2012

Home Sales Up Nationally, Favorable for New Alaskans

Many Alaskans have been unable to make a home purchase here because they have been waiting for their homes in other states to sell. This is a not-uncommon scenario for new Alaskans. They are often forced to lease their former residences when unfavorable market conditions disfavor a sale.

So it came as favorable news yesterday from the National Association of Realtors (NAR), our industry's trade association, that its leading indicator of purchase agreements signed in January rose to the highest level since April 2010. That's when a federal tax credit was about to expire, producing a surge of sales, mostly to first-time buyers.

Use this link to read the news account from NAR, and download the report, http://snipurl.com/22eeek6realtor.org.

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