Last week, The Morning Call had an article from the Associated Press in the Business section stating that home prices were expected to decline 5-7%. Four days later, The Morning Call had an article stating that home prices in April rose on average 3.2% in the Valley. Talk about mixed signals!
If I were a Lehigh Valley home buyer or seller, I would be scratching my head thinking "What do I do?". The result? Nothing. The home buyer and seller are in a holding pattern.
The rest of this article can be read at Lehigh Valley Real Estate Blog.