In washington sales of pre occupied homes jumped by ten percent in one month witch is the highest jump in one month in the last twenty eight years. This is a good sign that the market is stabilizing and housing prices are going to go back up. In august the sales pace was on a 4.2 milion unit pace and now it is on a 4.53 million pace.
This is really good news that the housing market is finaly coming out of its slum. The market has been down for so long now that no one knows now what their property is actually worth. This will be good for the people that are trying to sell their homes because lately they have benn having to sit on them for months or years before they will sell. Hopefully the market regains full strength. It also shows that our economy is coming back.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment