Existing homes sales rose in April

Existing-home sales rose in April with strong buyer activity in lower price ranges, according to the National Association of Realtors®. Read more: http://rismedia.com/2009-05-28/strong-buyer-activity-in-lower-price-ranges-allows-existing-home-sales-to-rise-in-april/#ixzz0GuYGGaVD&B

“Most of the sales are taking place in lower price ranges and activity is beginning to pick up in the midprice ranges, but high-end home sales remain sluggish,” he said. “The Federal Reserve needs to help restore liquidity for the jumbo mortgage market by buying these loans under the TALF program.”Read more: http://rismedia.com/2009-05-28/strong-buyer-activity-in-lower-price-ranges-allows-existing-home-sales-to-rise-in-april/#ixzz0GuYNtcaQ&B

I am definitely seeing tons of activity on my listings priced $150,000 and under. As these homes sell, we should start to see the move up market of $250,000 and up start to pick up.