is the worst behind us ?

have we seen the bottom?

after yesterday's news, regarding the sharp drop in new home sales ,  it looked like we might have a ways still to go.  

However, today's news headline "Sales of Existing Homes Up showed marked improvement with the second increase in 10 months.

Further, inventory of unsold homes also declined 1.4%. Although, Inventory levels are still high, it is the right direction.

Some economists do not think this is a rebound. There still needs to be more stabilization.

However, most of the experts agree that there are buyers out there who are keeping their eye on real estate and will buy as these excellent opportunities present themselves.

Buyers dicate the market. Clearly, there are buyers out there. As prices level off. Buyer confidence will resume and we will start to see continued stability and/or improvement.

Have a great day and thanks for reading.

James Wexler