Mark Johnson Custom Homes Blog

Brunswick County, NC Green home builder Mark Johnson Custom Homes has previously shared RealtyTimes.com’s Kenneth R. Harney’s “Real Estate Outlook” articles with our readers and would like to share his latest, published January 19, 2010. Below is an excerpt and to read the complete article, click here!

 “Nothing is absolute in the predictions business, but there are solid indications that, yes, housing is likely to rebound more energetically than the overall economy.

Here’s why: Even the most bearish Wall Street analysts now concede that home sales are up in many areas from year-earlier levels — sometimes by extraordinary percentages.

For example, MDA DataQuick reports that sales in the greater Phoenix market in November were 62 percent higher than the year before.

Prices either have bottomed out in dozens of these markets or are close to it. That’s because the distressed sales component of local volume – short sales, REOs and foreclosures – has been declining slowly but steadily.”

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.”