Saturday, March 27, 2004

NATIONAL ASSOCIATION OF REALTORS® reports home sales rise

The NAR reports that s"ales of existing single-family homes rose last month, marking only the eighth month on record that the sales pace has reached or exceeded the 6 million mark..."

The low interest rates are fueling demand, possibly leading us to a record year in 2004.

NAR reports that "Home resales in the West rose 3.1 percent from January to an annual rate of 1.64 million units in February, and were 5.8 percent above a year ago. The median existing-home price in the West was $237,200, up 9.6 percent from February 2003."

For a full version of the NAR press release, go here


Clinton's childhood home for sale on ebay

NAR also reports that "The owners of former President Bill Clinton's childhood home in Hope, Ark., have listed the 950-square-foot property on eBay. The dwelling features three bedrooms, a dining room, a kitchen, a living room, and a single bathroom as well as new siding, carpets, and ceilings."

"In just one week, bids on the property have surged from $45,000 to $105,000. Owner Gary Johnson believes the dwelling would be "a rundown, late-40s little rent house" if Clinton had not resided there. "

Happy bidding!

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