Real Estate Outlook: 2010 Stark Contrast to 2009
January 5th, 2010
St. James Plantation, NC home builder Mark Johnson Custom Homes would like to share an article posted today by RealtyTimes.com’s Kenneth Harney. Harney shared some positive outlook for the 2010 housing market, including a rise of home sales and new home starts. Below is an excerpt and to read the complete article, click here!
“The latest pricing numbers released by the Federal Housing Finance Agency found home values nationwide up modestly in the latest month — by six tenths of a percent. That sounds really small, but annualized it comes to more than seven percent, which is not bad at all.
And recent sales results from key local markets also are encouraging. For example, in November, every major metropolitan area in Florida saw sales of houses and condos up compared with the year before for the second straight month.
Overall, according to the Florida Association of Realtors, sales of houses were 61 percent higher than November of 2008. Condo sales were up by an amazing 111 percent!!
Plus consumer confidence has been trending upward nationally, by 7.5 percent during December, according to the University of Michigan’s bellwether survey.”
