Is the real estate market really starting its comeback? According to a number of trusted sources it seems the long awaited real estate comeback may have begun. Real Trends reports the March homes sales were the best on a year over year comparison in the last 18 months. Business Week has also reported two fairly positive articles on the housing market. Locally in Chicago we see number that are slightly better than those reported by Real Trends. Unit sales were down about 4%. Although prices still haven't made any gains units sales increases will be the key to stabilizing prices.
Back in November there was talk of the "soft" bottom meaning we would see some slight monthly increase as well as monthly decreases. The swing should start to flatten out.
Traditionally housing has led the country out of recessions. It seems that we might be seeing the beginning of the end.
Comments(0)