September 3rd, 2009
Real Estate Rising
Sales for existing homes rose again in July by 7.2% from a month earlier. The US is on track to transact on 5.2million homes. This single monthly increase was the larges since 1999 and marked the fourth monthly rise IN A ROW. This last stat is one I find particularly interesting. With home prices in the Northeast (15% decline) leading last year’s decline…our market here in the South (only 7% decline last year) with a 4 month rise in the number of units shows definite signs of a comeback.
***remember….”value is subjective” and is ONLY relevant to those transacting (buying or selling). It has NO relevance on a buy hold strategy. The focus of which is strictly CASH FLOW. ***
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September 3rd, 2009 at 12:26 am
How can we take advantage of this?