2012 has had a very promising start.
Existing home sales improved in January from the previous month by 4.3 percent, pointing to improved sales in 2012 if the trend holds.
The latest pending sales level, at 97.0 is at its highest in the last five years, not counting the spikes caused by the home buyer tax credit in 2009 and 2010.
Conditions today ad over the next 6 months hold much more promise than they did at year's end.
No big changes are expected in buyer and seller traffic, though, which suggest a portion of the activity could be fueled by investors looking to buy existing foreclosures.
Still, with interest rates at continued historic levels, this is a great time to either b...Read Full Post →