|Prudential, Fox & Roach Chairman and CEO Larry Flick|
“It is no surprise that home sales have decreased compared to the first quarter of last year, as the federal tax credit is no longer fueling the housing market,” reports Steve Storti, Senior VP of Marketing, Prudential Fox & Roach. “However, sales have continued to improve steadily over the past six months and conditions are right for the market to rebound in the near future as the economy continues to recover.”
Flick expects that the economy and real estate market will be improving in the near future. Making conditions ripe for home sales in the Philadelphia region, rebounding sooner than other parts of the country. He states that now is the best time ever to buy a house due to low interest rates and low house prices. Larry points out that 81% of people out there believe that a house is still the best long term investment to make.
Read the accompanying article at the Prudential, Fox & Roach Blog