Housing Bottom, Housing Recovery or the Calm Before the Storm? | Real Estate Training
This week we will be exploring the housing data.
There ’seems to be’ many reports pointing to a recovery…and housing bottom. Yet, we know that there are literally millions (as in up to 13,000,000) bank controlled homes that will be coming for sale.
SO, what is the truth?
Read this post and share your thoughts…..what are you seeing in your market…what is selling, what isn’t…what do you expect for 2010?
Here is a great article from BBC.com
A key US housing index has risen to its highest level in almost three years, helped by first time buyers taking advantage of a popular tax break.
The National Association of Realtors said its Pending Home Sales Index rose 6.1% in September to 110.1, its eighth straight monthly rise.
Analysts said first time buyers were rushing to beat an end of November deadline for a tax credit.
Separate data showed US manufacturing output rising again in October.
The Institute of Supply Management said its factory index rose for the third consecutive month, increasing to 55.7 from 52.6, with any figure above 50 indicating growth in the sector.
It said both production and employment were increasing in the manufacturing sector.
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