Stronger market on the horizon?

More brokers see beginning of turnaround

(CHICAGO) – A Leading Real Estate Companies of the World survey of brokers finds some easing of adverse conditions in the housing market, with 59 percent indicating they are seeing a stronger market in the last 60 days.

Nearly 20 percent of brokers said they are seeing a decline in inventory from a year ago, and 82 percent said prices are down in the past year.

Of those surveyed, 75 percent said the decline was less than 10 percent, and 33 percent said the decline was less than 5 percent.

Ironically, only a third of those surveyed said foreclosure properties were having a significant impact on prices.

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Neil D. Lyon CRB, CRS, GRI Cell: 505.660.8600 Direct: 505.954.5505

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