Home sales remind me of Wal-Mart “Prices are falling”

The National Association of Realtors reported that housing prices fell for the 6th straight month.

WASHINGTON – Sales of existing homes fell for a sixth straight month in September and the median sales price dropped on an annual basis by the largest amount on record, further documenting a lukewarm housing market.

The National Association of Realtors reported that sales of previously owned homes fell by 1.9 percent in September to a seasonally adjusted sales pace of 6.18 million units, the slowest sales rate since January 2004.

The median price of a single-family home fell to $219,800 last month, a drop of 2.5 percent from the price in September 2005. That was the biggest year-over-year price decline in records going back nearly four decades.

The market is continueing to fall so the question now is, “Is it still a good idea to get into the real estate market?”. Doing some research there are many people who still believe you can “Make money in a down market” the thing is you just have to do more research, be patient and best of all have some luck!!

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