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Sales of previously owned homes rose 10% in September after the worst summer for the housing market in more than a decade.  The National Association of Realtors has declared that a housing recovery is in its early stages.

Sales were at a seasonally adjusted annual rate of 4.53 million in September.   Despite this relatively impressive increase in sales, the data reflects an overall market that is still somewhat disappointing.  Sales in a healthy market usually hover around a 5 million-unit pace.

However, it is encouraging to see buyers taking advantage of record low mortgage rates and falling home prices.  The recovery may not be in full swing, but the signs of a rebound are here.  As the market continues to get better, home sales will gradually start rising again.

If you’ve been considering buying a home, talk to a Home Buying Expert.  It’s important to discuss your personal situation in order to take the mystery out of home buying, to find out which loan options are right for you and to have someone walk you through how the mortgage process works.  The right Home Loan Expert can help you leverage today’s market to your advantage

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