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Prices May Be Down, But Housing Market is Not Out

Wed Feb 29, 2012 on Blog

Some analysts are once again crying gloom and doom about yesterday’s latest release from the Case-Shiller Index. Case-Shiller, one of the most respected indicators of housing prices nationwide, posted new lows in December in 3 key composites, including a 3.8% drop in the national composite. The index’s own chairman sounded dismayed when announcing the numbers. “In terms of prices, the […]

January Existing Home Sales Up, Inventory Down

Fri Feb 24, 2012 on Blog

In another good sign for the housing market, the sale of existing homes last month rose in January in the US, the third time there’s been gains in the last four months, according to the National Association of Realtors. According to numbers released this week, total sales were up 4.3 percent for single-family homes, townhomes, condos and co-ops. Because of […]