Q1 2007 Real Estate Market Results

Posted in Real Insights | May 11, 2007

Did you know that home prices for the first 3 months of 2007 rose almost 12% from a year ago? Phil Soper, CEO of Royal LePage said, “The strength of last year’s housing market has carried into the first quarter of 2007, creating a robust market, chock-full of activity with house prices rising in all major cities.” Low interest rates and strong consumer demand are cited as key drivers, and it is predicted that the momentum will be maintained through the busy spring market. If you have been thinking about listing your home, this may be the perfect time!  (April 14, 2007)