Why Do Some Home Sales Get Terminated?

Some home sales are terminated before closing. A client from California asked me today, “What are the main reasons that would cause Sequim home sales to get terminated?” Why Home Sales Are Terminated There are three main reasons home sales get terminated. First, if the buyer’s loan is not approved because the buyer doesn’t qualify,

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Home Sales Best in 8 Years

Home sales are better than they’ve been for 8 years according to the National Association of Realtors. The NAR reports that home sales increased 3.2% to an annual rate of 5.49 million homes, the highest level since February of 2007. This accounts for the brisk sales in the Sequim market this year. In an earlier

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Home Sales Oversated by NAR

Homes sales were up in November nationally, but it turns out the NAR (National Association of Realtors) overstated national homes sales by three million from 2007 through 2010.  That means the national real estate market was worse than reported.  NAR revised homes sales downward by 11% for 2007, 16% for 2008, 16% for 2009, and

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Home Sales and Building Pick Up

Home sales and home building have picked up in some areas of the country.  This is good, and it bodes well for the real estate market, but it does not necessarily give us a solid basis on which to predict a recovery.  Any improvement, any increase in market activity is encouraging.  The Sequim real estate

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