Home Sales Decline
MaxedOutMama explains what it all means. If you have investments or own a home or wish to own a home or have money in the stock market or care a whit about the economy, you need to be reading Mama. Half the time I don't understand her.
In the most recent Money magazine, a guru said that he's getting out of real estate. Hmmmm......
2 comments:
My two cents, specifically regarding the Indiana market...home sales have declined slightly from first quarter 2006 numbers. First quarter 2006 was still in a really good market, so for 2007 numbers to be only slightly off is quite reasonable. My company is hopeful on market data that the rest of 2007 is on the incline for home sales.
I hope people will keep in mind that the nationwide statistics may not always apply to the local market. While the real estate market is facing numerous challenges in recently over-inflated markets, the usual, everyday, year-after-year reasonable fluctuations are the steady factors in many markets.
Certainly true very specifically to the community North of Houston I live in. The market increased substantially this last year. I don't see any reason for it to decline. But it is hugely troubling to have the coasts take a nose-dive. If California is going down, the state usually pulls the nationwide economy down with it.
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