This Weeks Housing Report

Finally, some good news! Us home sales actually showed some unexpected strength last week. April pending home sales rose 6.3%, instead of the expected 1.0% drop. Signed contracts were reported at a level of 88.2, the highest level in 6 months. A reading of 100 equals the average sales activity we experienced in 2001. Experts are saying that the April figures could suggest that home sales have stopped the "free fall" and the market could be poised for a rebound soon.

During Fed Chairman, Ben Bernanke's, speech on Monday, he said that he belives that the economy is out of danger and the Fed would now pay "close attention" to inflation. Experts in the financial sector immediately interpreted this to mean that rate cuts are officially over. With some even thinking a rate hike may come as soon as August and many others consider a 0.25% increase for October will be likely.

If you have been sitting on the sidelines, waiting for rates to fall further, now might be the time to get in the market and make sure you don't get caught as rates climb back up, and the market begins its recovery.

Parent Relocation Council Chose Us!

Robert and I are proud to announce that we have been selected by the Parent Relocation Council (PRC)® as the Regional Directors for the State of Colorado. http://www.parentrelocationcouncil.org/

PRC is commited to providing exemplary services and relocation benefits to consumers who otherwise would not have the benefit of a corporate transfer. Regardless of whether your move is across the street or across the nation, PRC believes that you should be entitled to those very same benefits.

PRC requires all of their selected REALTORS® to undergo and pass an extensive background check before being accepted as a Council Member. In order to retain Council Membership with PRC, a REALTOR® will be subject to random and recurring background checks and must maintain a consistant Customer Satisfaction Index (CSI). This ongoing customer survey system will assure consumers that a high standard of service is maintained.

We would love to share with more about our affiliation with PRC. Call or drop us an e-mail anytime!