More Housing and Real Estate Updates: Home Sales Up
November 30th, 2008 Categories: Charlotte Business, Real Estate News
2 New Reports of Rising Homes Sales, in Major Down Markets, a Sign the Tide is Turning?
Charlotte NC The California Realtor Association reports that home sales doubled in October when compared to October 2007. Average home prices are down 40%, returning much of California to the affordable range. Distressed properties sold at a discount and very low interest rates account for the surge. See more.
Tampa, Florida, reported October sales Up 11% over the prior October, their first increase in probably more than 2 years… See details on Clearwater-Tampa Real Estate
Consumer Confidence increased in November as well,
startling the economists and others watching the big numbers. Of course October numbers were the lowest on record, still economists expected much worse. A small but a needed step in the right direction.
Nationally, prices still may need to fall in a number of markets… but some markets may have reached their bottom, drawing buyers back into the market. Prices go down, a bit of confidence returns, sales go up! Lets get this economy going!
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