San Jose Real Estate * REALTOR ® * Richard Gonzalez » Report http://Siliconvalleybrokerblog.com Living in the Silicon Valley - News, Views, and Statistics Fri, 13 Apr 2012 16:10:14 +0000 en hourly 1 http://wordpress.org/?v=3.3.2 Lack of Inventory Spurs May Existing Home Sales http://Siliconvalleybrokerblog.com/2009/06/24/lack-of-inventory-spur-may-existing-home-sales/ http://Siliconvalleybrokerblog.com/2009/06/24/lack-of-inventory-spur-may-existing-home-sales/#comments Wed, 24 Jun 2009 14:38:18 +0000 Richard Gonzalez http://Siliconvalleybrokerblog.com/?p=163
NAR Housing Recovery Image
NAR May 2009 Existing Homes Sales Data

NAR report credits interest rates, $8,000 tax credit, affordability, and distressed properties for the increased sales but the fuel for this fire is coming more from the lack of affordable homes causing a flurry of multiple offer activity on the sparse inventory in our area.

Read NAR report: REPORT

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