Home Sales Up (or Down) Around the Nation

home sales
home sales

The spring homebuying season is well underway, but everything isn't exactly coming up roses. For one, news reports from around the country are offering contradictory assessments of the residential real estate market.

A broker in Spokane, Wash., Sabrina Jones-Schroeder at Exit Real Estate Professionals told MSNBC.com, "It's so hard to tell what will happen," adding, "The lending industry remains so conservative." As a result, many qualified buyers are having trouble getting mortgages.

On the other hand, Realtor Chalmers Haas in Idaho Falls, Idaho, said to the local KPVI TV station, "Real estate right now is a fairly stable market even though you hear bad news about the economy." Haas explained that while there are more listings in his area coming on the market, there are also more buyers out there, making it a good time for both home buyers and sellers.