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Real estate agents’ notes from the trenches

Some submarkets run counter to national trend

Homes sales figures released this week showed a rocky housing market in July: Existing-home sales slid to a record low while new-home sales fell 80 percent from peak, also hitting an all-time low.Inman News asked some real estate professionals to weigh in on the state of their local real estate markets. Q: How are conditions in your market? What trends are you seeing with prices and sales? Andrea Altieri, managing broker of the Walters Team at Candlewood Realty in Denver, Colo., said, "I don't think any of this information was a surprise and seems to be reflected in every market. Prices are remaining steady here in Denver and rising in some areas. Days on market are up, but well-priced homes in favorable locations are still selling." Jaime Montalvan, sales associate, Fortune International Realty in Miami, Fla.: "I saw the news this morning, and somehow it was expected. The tax credit to first-home buyers had created a virtual demand t...

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