Expecting More Seller Price Concessions? Spring Is Not the Time

Home sales are up again, according to March numbers released by the National Association of Realtors, marking the ninth consecutive year-to-year growth. On a month-to-month basis, however, both March and February show declining sales volumes from the previous months, meaning the spring home buying season has yet to begin. The latest numbers on new housing starts from the Census Bureau show similar trends. Nevertheless, a seasonal pick-up in home sales and listings is widely expected in the coming months. Record lows of home prices and mortgage financing costs will continue to play out