There are many signs that the housing market is recovering. I know I have seen a definate increase in buyer activity. If you are considering buying a home for the first time or you are looking for a good investment, the time is here. Don't wait to completely miss the bottom, you will end up kicking yourself. Let me know what I can do to help.
HUD Sees Signs of Stabilization
The housing market is looking healthier, but U.S. Housing and Urban Development Secretary Shaun Donovan said Wednesday that it is too early to tell if the recovery has taken hold.
"We do have some early signs, I think, that the market is stabilizing. Since January, what we've seen is both prices and sales volumes moving up and down around a relatively stable number," Donovan said
Donovan said he was optimistic that President Obama’s policies are bolstering the market.
"I think in particular when you get below the national level what you see is that in markets like California that were the hardest hit, that is where the signs (of recovery) are the strongest," he said.
[Editor's note: Remarks last week by NAR Chief Economist Lawrence Yun at a press conference on existing-home sales are consistent with Secretary Donovan's analysis. Video highlights of Yun's press conference are available online.]
Source: Reuters News (04/29/2009)
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