National Real Estate Sales Volume Hype?
Posted on December 28, 2006
Yesterday the Department of Commerce released sales data showing a 3.4% increase in new home sales for November relative to October. Not discounting the 15% decrease from a year prior it appears the one defininitive general conclusion is buyers are buying, perhaps at a slighty more voracious pace than 3 months ago.
Through my own observations, comments from local Maine agents and by simply reading the daily real estate headlines and articles from “national real estate guru fortune tellers” it is fact that buying activity has markedly picked up. Will the markets stay healthy through 2007? I say “Buy what you like, like what you Buy!”
A couple articles from todays headlines: 2007 Real Estate Trends by John Maltz and Peter Slatin On Commercial Real Esate
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