Home Sales Up.. New Real Estate market reports
Sales are now up 46 percent from the bottom in January, but down 10 percent from the peak more than four years ago. The inventory of unsold homes on the market fell about 1 percent to 3.5 million. Thats a healthy 6.5 month supply at the current sales pace, the lowest level in three years.
via November home sales soar 7.4 percent – Yahoo! News.
So I found this really interesting. Once again sometimes I get flack for posting anything some what positive about the Real Estate Market. I know doom and gloom. However, I think I am going to say no to all you nay sayers.. Let me tell you why. My business partner is all numbers. It has to make sense to him on a spreadsheet. If Excel doesn’t confirm his feeling, it is a no go.. However, he understand that sometimes you have to go with your gut. And my gut is telling me it is time to put the negative news behind us and look forward to all the good news that is going to come out. Now, I should throw out the caveat to all of you I am simply stating I think the world is still round. Tomorrow you all will wake up and go to work (assuming you have a job.. sorry if you don’t). And if you need groceries, you will go down to you local supermarket and buy it right off the shelves. And from the news, a lot of you are going to go down to you local movie theater and see the New Movie “Avatar”. And you all are going to do this because the world is over, and nobody has any money!
Or perhaps what I just said is true and we all realize life must go on. Utah Realestate is still selling strong. And will continue to get better in the affordable housing realm..
Related posts:
- October home sales rise 10.1 pct from September – Real Estate Statistics
- US new home sales edge higher, extend streak! Housing Market not as bad as everyone thinks.
- July New US Home Sales Up 9.6 Percent..
- August pending home sales rise to 2 1/2 year high, Will the tax credit be extended?
- Home sales rise 9.4 pct in Sept., beats forecast
