Real Estate Outlook… Positive Movement
February 10, 2010 by tracibass · Leave a Comment
I found this following article this morning and found it to have a positive outlook on the Real Estate economy. It’s nice to see something positive for a change… everyones hard work and patience is paying off! Read the article below and let me know what you think. I would love to hear your feedback!
“… Real Estate Outlook: Positive Movement….by Kenneth R. Harney
It’s a fairly rare event, but now and then most of the important economic directional signs go positive, and this is one of those weeks.
Let’s start with pending home sales. After a big decline in November, they bounced back on purchase contracts signed in December and now point to an even stronger spring market.
Pending sales gained one percent nationally, 5.2 percent regionally in the Midwest, 2.3 percent in the Northeast, 2.2 percent in the South, but lost 3.8 percent in the West.
Lawrence Yun, chief economist for the National Association of Realtors, which conducts the pending sales survey, said the swings from month to month are “masking the underlying trend (in housing), which is a broad improvement over year-ago levels.”
December’s pending sales contracts were 11 percent higher than December 2008’s. ….”
To read the entire article go to:
http://realtytimes.com/rtpages/20100209_realestateoutlook.htm
