June Shows Strong Signs
August 2, 2010 by admin
Filed under Home Resales, Pending Home Sales, Positive Real Estate, Positive Real Estate Brokerages, Real Estate Articles
- Image via Wikipedia
New homes have risen 24 percent during the month of June compared to that of May. “The future is going to be dependent on job growth.” says Eric Green, chief market economist at TD Securities Inc. in New York.
Source: Bloomberg, Courtney Schlisserman (07/26/2010)
More related Positive News
Home Sales on the Upswing
May 5, 2010 by admin
Filed under Real Estate Articles
“Later in the second half of the year, and into 2011, home sales will likely become self-sustaining if the economy can add jobs at a respectable pace, and from a return of buyer demand as they see home values stabilizing.” Lawrence Yun, NAR chief economist.
More related Positive News
Waghington DC Area Growing
April 19, 2010 by admin
Filed under Positive Real Estate
- Image via Wikipedia
The Washington area’s economy will nearly double over the next 20 years, bringing in more than 1 million new jobs but also forcing local leaders to face tough questions about how to accommodate them, a new study predicts.
The District and its suburbs will see their gross regional product grow by more than 94 percent over the next two decades, George Mason University economist Stephen Fuller predicts in a new study by the 2030 Group, a nonprofit think tank founded by area businessmen. The study, released Thursday, predicts that the Washington area will be one of the nation’s fastest-growing economies, behind Atlanta and Dallas-Fort Worth, through 2030.
More related Positive News
February Numbers Pleasantly Surprise
April 5, 2010 by admin
Filed under Pending Home Sales
- Image via Wikipedia
Lawrence Yun, chief economist for NAR, said Monday that “the early stages of a second surge of home sales.” adding that ,”we need a second surge to meaningfully draw down inventory and definitively stabilize home values”. Sales rose 8.2 percent in February, the National Association of Realtors said.
The Institute for Supply Management’s non-manufacturing barometer gave the highest rise in three years, rising to 55.4 in March, up from 53 in February. Much of the momentum came from a surge in new orders and business activity.
