Signs of recovery – and perhaps a bottom – emerge in housing market report; largest monthly increase since 2003.
Judging by the high volume of sales at our office over the last few weeks, I can’t say I was entirely surprised to read this report by Aaron Smith on CNN Money, today:
“In a strong sign that the housing market may be picking up, builder confidence in April made its most dramatic increase in nearly seven years, according to an industry report.
The Housing Market Index, a survey-based measurement of sales, as well as sales expectations, rose by more than 50% in April, according to the National Association of Home Builders, which compiles the index with Wells Fargo.
The index rose to 14 from its prior level of 9, which was the biggest increase since May 2003.”
More good news for buyers and sellers alike, but for those buyers still sitting on the fence, don’t sit too long, for the times they are a-changing!
