Credit Suisse publishes a monthly National Real Estate Report. Here are some excerpts from the April Market Trend.

Highlights- Agents are seeing buying traffic increase over the past 30 days, however below expectations. The interesting piece being of those surveyed 41% stated below, 36% said it met and another 24% said it exceeded.

Pricing and Incentive Trends worsen- Home Prices fell further in April and incentives appear to be trending higher.

Time needed to sell a home lengthened– A negative indicator for future pricing trends. Of the agents surveyed over half stated time to sell was unchanged relative to March, while 41% stated it was longer and fewer said it was shorter. Overall view the longer time to sell was a negative indicator.  ” Buyers, are still uncertain about the economy and their job security despite favorable interest rates and prices”

I look forward to this monthly update, as it does give a National Perspective.  Overall the Raleigh market has faired quite well and as we see a stabilization in the economy and jobs markets will give more buoyancy to our area.