When the Case-Shiller index reports that home prices have reversed course and are finally rising again, and you know that Case-Shiller has been the gloomiest, scariest-headline-producing monitor of the real estate market for the past three years -- I would say : We may have turned the corner.


For the month of June, in fact, the Standard&Poor's Case-Shiller index found prices up in 14 of the 20 major markets it covers -- and up nationally by one half of one percent. Our office in Williamsburg saw an
increase in sales for July that was stunning! July was our highest closing month of the year.

Buyers are finally realizing that now is the time to buy and if they keep waiting not only will first
time buyers miss the $8000 tax free gift from the Government but other buyers may be looking at
rising interest rates and the good homes already sold.

So, don't sit on the side lines if you are thinking of buying. Lenders are helping also.
Thirty year fixed interest rates averaged 5.4 percent, while fifteen year loans went for an average 4.8 percent.

If you are looking for an informed Realtor who can advise you and guide you through the maze of
home buying and home selection and weighing your options, please give Jack or me a call.
We love what we do!!

On to August!!

Julia