New Home Sale Increase
The month of April had a 3.3% increase in new home sales over March, according to the Cencus Bureau. The rise is unexpected, especially coming after continued reports of home sales dipping to record lows. While this bit of positive news is encouraging, overall home sales are still at a record low of 42% down from last year, the lowest rate since October 1991.
"The momentum is still downward, and that April number is still weak," said National Association of Home Builders chief economist David Seiders. "April marks only a partial reversal of that steep March decline."
April's sales were at and adjusted rate 526,000, nearly 6,000 over the consensus forecast, according to a survey done by Briefing.com.
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If we look at the economic trends along with Real Estate market trends, we can realize that what may seem like a “bad market” for some people is the same market that “big” Real Estate Investors have bought the properties that made them millions. However, there are many people that are getting ready to capitalize on some great investing due to the common sense theory of investing, BUY LOW…SELL HIGH!.
Real Estate Agents
Mark my words, either Obama or Clinton will win – and the legal changes they bring will force a more equitable distribution of wealth AND risk. First, rebuild the social safety net, shredded by decades of rightwing mismanagement. Second, better govt regulation will bring more centralized control back over the markets. As time goes on, the federal govt will reassert its rightful authority over more sectors of the economy, and we will march together into a brighter future for our children!
John K.
Tourism in San Diego