Economy

NAR's economist, Lawrence Yun, states in a recent Realtor Magazine article that,
"It's safe to say we've reached the point where prices are justified by the fundamentals of the economy and may even represent an undervaluation."

I have seen an increase in real estate sales activity in the suburban Bridgeport market as entry level homes appear to be in demand. Buyers are taking advantage of the $8,000 First-Time Home Buyer Tax Credit which Congress approved. The repayment requirement has been eliminated.