Tuesday, February 28, 2012

January Contracts Up

Today's papers cite that national sales figures have risen in January, pushing the index used for measuring the health of the market to 97.  The number used for a balanced market is 100, so we can see that things are not only getting better, but that they are approaching "normal".  We need to remember that what we had in the middle of the last decade would be considered abnormally good, so there shouldn't be expectations that we will return to that dynamic any time soon.  However, it is clear that there is pent-up demand out there, particularly from first-time buyers, and it is starting to seem likely that the momentum we are gaining will feed upon itself and lead to further upticks.

More spring weather, more home sales--what could be better??
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