Wednesday, May 12, 2010
by Broderick Perkins
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Deadline Newsroom - If employment would only cooperate, the housing market could very well bust wide open again.
Well, maybe "bust" isn't the best choice of words in this economy, but interest rates are cooperating, home prices are as low as they've been in a decade and sellers, competing with the abundance of distressed properties, are motivated to make a deal.
And none of this is lost on rank-and-file consumers who appear to be champing at the bit, poised to follow big-spending investors back to market.
In both cases, their timing couldn't be better, according to two new studies.
First-quarter 2010 Internet searches for homes for sale were up 32 percent from the same quarter last year, says one study.
Popular search terms indicate many are first time home buyers.
Increased interest in browsing for housing comes at a time when the housing market has just about bottomed out and poses less risk for buyers, another study says.
Taken together, the two studies appear to indicate it's not a bad time to get down off the fence and check out the grass on the other side.
Composite photo: Home Sweet Home (Donna McNeely, PublicDomainPictures.net) and Woman pointing at a computer (Petr Kratochvil,PublicDomainPictures.net).
You've got news! News that really hits home. The full story is here: "Homebuyers May Be Poised to Pounce on Bargains"
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Broderick Perkins, an award-winning consumer journalist, parlayed 30 years of old-school journalism into a digital real estate news service, the San Jose, CA-based DeadlineNews Group, including DeadlineNews.Com, a real estate news and consulting service and Web site, and the Deadline Newsroom, DeadlineNews.Com's news back shop.
Perkins was the first Examiner to cover three beats for the Examiner.com news service:
• National Offbeat News Examiner
• National Consumer News Examiner
• National Real Estate Examiner
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