Generally, existing-home sales have declined broadly over the past year. Some economists don't see a significant improvement in the home-sale market happening for perhaps another year or so. However, according to a report issued by the National Association of Realtors (NAR) in November 2007, home prices in most metropolitan areas rose or were stable in the third quarter of this year. Some markets even showed modest gains compared to a year ago. If you've been waiting for some time to sell your home in a less-than-perfect market, the NAR report at least gives fruit for thought. But before getting too carried away with the idea that now is the right time sell, step back and assess the overall strength of the current home-sale market in your area. Residential real estate is an intensely localized business. Although the NAR report is encouraging, it may not give you enough information about whether you would experience a successful sale at this point in time in your local marke...
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