This article (click here) raises an interesting question. Has the market bottomed and now provided a great buying opportunity or are we headed to dreaded housing double dip? I’ve heard talk about a double dip since we posted some very ugly February home resale (click here) numbers. Since this question is answered at the national level, the response is somewhat varied. Our regional economy is very strong and may provide a clue to the answer. The future direction of interest rates also factors into the trend.
Here is a recent industry update. We are showings signs of recovery and most indicators are positive. As in any recovery it’s not a straight line acceleration and we’ll have some ups and downs but the market seems to be gathering itself and moving in a good direction. Who is the next person you know that would like to take advantage of low interest rates and excellent prices?