Tuesday, March 4, 2014

Some light?

"Home Sales & Prices
Home sales have picked up and house prices have accelerated. December sales were revised upward 2.2%, to 427,000. January new-home sales rebounded to an annual pace of 468,000 units, the fastest since 2008.
Construction payrolls are expected to increase at their fastest rate since 2006 as housing demand stabilizes. The low level of home inventory is helping house prices rise: The Black Knight Home Price Index (formerly the LPS index) rose 8.4% in December, just a bit below its recent pace.
With the weather turning friendly and consumers and homebuyers showing more confidence, the housing market will experience an improving second quarter."

Good news!