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New Home Sales Recovery Predicted for Early 2012

By
Real Estate Technology with Altos Research 72732

The Concord Group real estate strategy firm predicts that with 18 months worth of housing inventory on the market, it will take until the first quarter of 2012 for demand for new homes to equal what it was in 2000.

Concord Group calculates that new home sales in 2010 were 70 percent below peak demand in 2005 and at the lowest point since 1963.

Concord says these regions have the strongest long-term growth potential:

· Orange County, Calif.
· San Jose, Calif.
· Seattle
· Washington, D.C.

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It's a buyers market here on Maui...take advantage of it while you can.

Maui just may be more affordable than you think.

Aloha,

Jeff

Jeff Graves, Realtor®(S)
(808.633.1292 (Cell)
JeffGraves@ClearWire.net

Coldwell Banker Island Properties
34 Wailea Gateway Place, A-207
Wailea, Maui, Hawaii 96753


Source: The Concord Group (10/12/2010)

MichelleCherie Carr Crowe .Just Call. 408-252-8900
Get Results Team...Just Call (408) 252-8900! . DRE #00901962 . Licensed to Sell since 1985 . Altas Realty - San Jose, CA
Family Helping Families Buy & Sell Homes 40+ Years

I'm in San Jose but Hawaii sounds WAY more appealing!

Oct 13, 2010 09:33 PM
Cameron Novak
The Homefinding Center - 1000 Palms, CA
Real Estate Broker since 2008

Would that be in the first week of November in 2012?  Definitely looking forward to that!

Oct 13, 2010 11:08 PM
Conrad Allen
Re/Max Professional Associates - Webster, MA
Webster, Ma, Realtor

How does the mortgage foreclosure halt figure into your prediction?

Oct 13, 2010 11:24 PM