Real Estate Rebound
1. "The glut of condos that hit downtown Seattle right during the real-estate downturn is disappearing as buyers move back into the market. As unsold inventory disappears, prices are turning up, and are still selling for 99% of list price."
But now sales and prices are on the rebound in Louisville — at least, compared to a year ago — and some agents say sellers are getting more than one offer on houses and condos that are in “move-in” condition and are listed for a fair price."
3. "Record-low interest rates are pushing residential sales volume closer to pre-recession levels in the Rapid City SD area, and average sale prices are higher than they’ve been in five years."
4. Chattanooga Home Sales are up 11.6% in April over last year.
6. Austin home sales up 16% in April.
MP: The National Association of Realtors reports tomorrow on existing-home sales for April, with a consensus expectation of 4.65 million homes sold, which would be about an 11% increase from last year and the highest monthly sales since May 2010. Some analysts are predicting 4.8 million homes in April, which would be a 14.3% gain from last year.