Angela May's Omaha Nebraska Real Estate Blog: Home Sale Price Slump may be rebounding for Sellers

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Angela May's Omaha and Offutt AFB Real Estate Update Blog

Angela May's Omaha Nebraska Real Estate Blog
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Thursday, October 26, 2006

Home Sale Price Slump may be rebounding for Sellers

Encouraging news for sellers, but still a good time to buy. --Angela

The Worst May Be Over, Economists Say

On Oct. 7, after mortgage applications posted their largest weekly gain since June 2005, former Federal Reserve Chairman Alan Greenspan was quoted as saying, β€œThe worst may well be over.”

A growing number of economists and analysts are beginning to see things his way.

"The point of maximum deterioration in housing activity has probably passed," says Jan Hatzius, chief U.S. economist at Goldman Sachs (GS), in an Oct. 20 report. "The sharp downturn of the past year seems to have brought total housing starts β€” single-family starts, multi-family starts, and mobile-home shipments β€” close to the level justified by the underlying demographics."

Peter Kretzmer, a senior economist at Bank of America (BAC), points to the University of Michigan's latest consumer-sentiment report, in which the share of respondents indicating that it was a good time to buy a house jumped to its highest level in 14 months.

Even the bears are slightly more circumspect. In an Oct. 20 note, Richard Berner, chief U.S. economist at Morgan Stanley, says the housing slowdown is far from over, but may not be as bad as everyone expected. "The latest data suggest that the intensity of the housing decline may be fading somewhat, and with it some of the concurrent downward pressure on housing prices," he said. "If so, one of the biggest perceived risks to the U.S. economy may be smaller than feared."

Source: Business Week Online, Marc Hogan (10/24/2006)

# posted by Angela May @ 12:00 AM

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About Angela May's Omaha and Offutt AFB, NE Real Estate Website: The web site provides Omaha, Papillion, Ralston, Lavista, Bellevue, Dundee, Millard, Elkhorn, Gretna, Council Bluffs, Carter Lake and Offutt Air Force Base, Nebraska real estate information and resources to guide homeowners, homebuyers and real estate investors through the process of selling and buying a house, condo or other realty property in the Omaha and Offutt AFB area. Angela May (Sometimes spelled as Angel May, Angel Mae, Angela Mae, Angie May, Angie Mae, Angle May, Angle Mae, Angla May, Angla Mae, Angie May, Angie Mae, Angi Mae, or Angi May) has services to help you get the best value for your Omaha and Offutt AFB home and this website offers home buyers and home sellers a superior comparative market analysis (CMA), a way to view real estate and MLS IDX listings including virtual tours, prepare your home for sale, and more. Investors looking for real estate investment properties to invest in need look no farther. Anyone selling a home, buying a home or seeking housing can learn more about our realty services, and will appreciate working with a  Omaha and Offutt AFB REALTOR who knows  the area so well. Through trusted partners, we also provide real estate and financial services to consumers looking for houses for sale or selling their home in Omaha and Offutt AFB, NE, such as mortgages, credit history, new homes, foreclosures and other services. If you've already tried to go the for sale by owner (FSBO) route and find you are needing a partner who you can trust in the sale of your most precious asset, Angela May can take care of your special needs. It really doesn't matter if you spell it REALTOR, Realator or Realter, realty, realety or reality, real estate or realestate, Angela speaks  your language.
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