The National Association of Realtors expects soft market conditions to continue across much of the country, while isolated spots will continue to maintain their average sales numbers.

But, there’s also plenty of reason to be hopeful that new and existing home sales will increase by mid-year if not sooner. In some areas, buying conditions have improved.

In response to Fed cuts, Mortgage interest rates have dropped to near record-low levels and held under six percent almost the entire month of January and into February. Coupled with latent consumer demand, pending sales for January should make a good showing.

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