Housing starts increased by 2.8 % in January with the biggest increase since april 2004. December housing starts were revised upwards to 575,000 units from 557,000 units. Groundbreaking for single family homes rose 1.5 % in January.
Barbara Corcoran, formerly of the Corcoran group which she sold in 2001, said in an article in AARP stated that she thinks that these are the good old days that we have dreamed about. Cheap money and cheap prices together. She suspects the real estate market will make up the loss we have had for the past 4 years in the next 18 months. For those of you who follow her now might be the time to buy that property you have been dreaming about. Give me a call to discuss your purchase.
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