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Sales Continue to Climb in Sarasota |
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Sales activity continues to strengthen,
though prices are likely to remain low. Buyers are aware that the current wave of foreclosures is not yet over and sellers know that the inventory has been greatly reduced. For buyers who choose to finance their purchase, today’s interest rates are still low and with a good credit rating, lenders are still financing purchases. It is important for buyers to remember that homes are selling at or just below the price of recent sales. Great deals exist, but in relation to recent years, not recent weeks or months. So it is important to review and consider the comparable information provided to you by your realtors (us) when making an offer. For our buyers from outside the U.S., especially those from the U.K., the exchange rate is improving rapidly. As of the close of business today the rate $1.59 to £1. |
