Home Buyers Exploit Current Conditions

Bargain seeking home buyer's are making deals while while the fearful and timid let them pass by. Followers of the pack believe the hype spewed out by news providers and sit idle even though they have good jobs, credit and need a home. Contrarians see the fear, buck the trend and secure great deals in the meantime. It is officially a buyer's market, so why don't you buy now. Check out Spokane homes for sale.

clipped from www.spokesmanreview.com Existing home sales up across West Foreclosure prices, low rates fuel rise Heavy discounting on foreclosed homes and low interest rates continued to power a homebuying spree across the West in September, sending sales of existing homes in the region soaring at an annual pace reminiscent of the days of the housing boom, according to two reports Friday. About 100,000 existing homes and condos were sold last month in the 13-state region. Without adjusting for seasonal factors, sales were up nearly 43 percent from the same month last year, but declined 9.6 percent versus August's total, according to the National Association of Realtors. With sharply discounted foreclosures making up a larger slice of overall sales, the median price in the West plunged almost 19 percent from a year ago to $253,600 – slightly higher than what the median was five years ago, the association said.